- QANplatform has raised $2.1 million in enterprise capital funding
- QANplatform are constructing a quantum-resistant blockchain that encompasses a hybrid public-private mannequin
- The platform’s native token QARK will begin buying and selling on Uniswap on Might 21
QANplatform raises $2.1 million
Blockchain undertaking QANplatform has raised $2.1 million in a enterprise spherical that included VC corporations Fairum Ventures, DeltaHub Capital, Insignius Capital and BlackDragon. QANplatform are making a blockchain that implements quantum-resistant applied sciences and a hybrid mannequin the place customers can create their very own personal blockchains which can be appropriate with the general public QAN blockchain.
Based on a press launch by the QANplatform workforce, they plan to make use of the $2.1 million funding to fund growth and advertising and marketing, in addition to to offer the mandatory liquidity to buying and selling platforms.
The QANplatform workforce is attempting to future-proof their blockchain’s safety mannequin by implementing measures to defend it from assaults enabled by quantum computing. Though quantum computer systems are at the moment not thought-about as a risk to the cryptographic strategies employed by most blockchains, the quantum computing subject is advancing quickly and will grow to be a risk to established blockchains whose safety fashions don’t account for this state of affairs.
Because it presents sensible contract performance, the QANplatform blockchain can be utilized to deploy a variety of decentralized functions, which clearly contains common use-cases like decentralized finance (DeFi) apps, customized tokens, non-fungible tokens (NFTs), and different forms of decentralized functions. Just lately, we lined a undertaking referred to as StarColl, which shall be utilizing QANplatform to launch NFTs tied to Star Wars collectibles.
Considered one of QANplatform’s predominant priorities can be making the platform as accessible as doable to builders. The personal QAN blockchain will be deployed on mainstream cloud computing platforms like Linode Cloud and Amazon AWS Lightsail, and sensible contracts will be written in programming languages resembling Rust. Based on the undertaking, QANplatform can be working to combine different cloud computing companies like Microsoft Azure and Google Cloud, in addition to extra programming languages together with TypeScript, Go and others.
BlackDragon associate Max Mucko commented on why his agency determined to again QANplatform:
“We’re glad to contribute on this funding spherical and help QANplatform’s future development. We see numerous potentials not solely due to the quantum-resistant cybersecurity but additionally for QAN’s different IPs like Proof-of-Randomness (PoR) consensus algorithm, speedy cloud platform deployment, or the upcoming multi-language sensible contract growth characteristic.”
Upcoming Uniswap itemizing on Might 21
The platform’s native token QARK will begin buying and selling on the Uniswap decentralized alternate on Might 21. QARK will begin off as an ERC-20 token on the Ethereum blockchain, and shall be swapped to the QAN mainnet as soon as it goes stay. The QANplatform workforce says that it expects to launch a testnet inside the first half of 2021 after which deploy their mainnet after a 6-month testing interval.