Join the trusted blockchain AQEL network
The core of the AQEL network is deployed based on the DPoS consensus. The main application of the network is ESCROW-functions implemented through smart contracts and interface-oriented applications.
Features of the AQEL Network
All modern blockchain architectures suffer from a number of problems. AQEL Network aims to address these challenges by creating the following six key benefits
Processing
speed
The block is created after the receipt of at least one signed transaction, which creates high speed of transaction confirmation.
Participation in management
Coin holders directly participate by voting on decisions related to the changes of network parameters and implementation for further improvements
Improvement
opportunities
With a voting mechanism and room for improvement, the network remains flexible to evolve and adapt over time
Transaction cost
The cost of transactions is fixed, which allows predicting the implementation of business processes based on working with the network, including through the execution of ESCROW functions.
Scalability
The principle of the RAIDO dPoS network ensures no wastage on resources when processing transactions, while still maintaining high system throughput.
Applicability
The next stage of network’s development is creation of a platform for high-performance smart contracts with ability to connect external secure data and decentralized applications with ESCROW functionality.
How it Works
A software suite that performs reconciliation thanks to the Delegated-Proof-of-Stake network consensus protocol can achieve high throughput without increasing processing power.
- Coin holders can delegate their coins to the Master node which is controlled by the Validator and earn stake reward (certain percentage of the network commission of confirmed transactions).
- Coins received can be withdrawn at any time. Validators run a Master Node that generates network blocks and validates blocks of other Master Nodes by participating in a consensus. The reward received by Validators is a certain percentage of the network commission of transactions included in the generated blocks.
- The blockchain’s transactional core processes transactions instantly creating a new block after receiving at least one transaction within a few seconds.
- The network executive frame implements the ESCROW functionality of Smart contracts with connected external data (Feeds) to guarantee the fulfillment of mutual obligations. It is also the basis for the implementation of decentralized front-end applications.
Roadmap
The project has a successful development history of 2 years and is entering a new phase of its journey.
