QCoin: Design goals and Technical Advantages Our mission: Smart Networks -> Smart Services -> Smart Economy SMART ECONOMY = Networking + Resource Sharing+ Decentralized Networking: The main design goal of QCoin and Quantum1Net is to create a digital financial system that uses networking as an underlying value, just like the internet works in the sense that everyday internet networking creates value for ISPs, Online Merchants and others. As an overlaying network based on the Internet with blockchain technology and Quantum Protection can be decentralized, truthful, transparent and free of intermediaries. Quantum1Net firmly believes that it is an irreversible trend that services become distributed and decentralized. To reach this goal, Quantum1Net takes a very different underlying design: Use the latest block to randomly nominate micro signing close to the transaction source QCoin transactions made in New York are signed in New York by a pseudo-random nomination function that removes the 51% attack completely. With micro and macro transactions paths shorter so that transactions can be completed faster, store purchase data or IoT function data do not need to be spread globally for a transaction to be concluded Decentralized service control mechanism = Service Manifests This mechanism makes trust-less decentralized services possible. Without a control mechanism, decentralized services cannot be maintained. So the Service Manifest is an amazing breakthrough for decentralization. Distributed Computing instead of Smart Contracts: As ”Smart Contracts” as small pieces of code meant to run on a small Virtual Machine and is not distributed in their execution, Quantum1Net is designing a full, distributed computing platform so that any digital service can be deployed on Quantum1Net and gain the benefits of decentralization. Service Manifests are called upon as middleware that verifies the permissions and policies of a decentralized service, thereby creating the worlds first solution of a multi-service fully decentralized service platform. Service Manifest generation The difference between writing a Smart Contract and generating a Service Manifest is like night and day, with a Smart Contract you need to learn a specific programming language and learn how to test it properly as when it is deployed it cannot be edited. Instead, let’s say you are looking to generate a Service Manifest for hosting a Web-Page, you just start the Manifest generator and enter the service address (wallet address) and chose if it will be hosted on one specific Node, spread over some specific nodes or be fully distributed, and push go. Your service can be edited by calling up the service manifest again edit it, push update, and it is that simple. Quantum1Net lightweight State Machine Quantum1Net uses a lightweight State Machine instead of Turing Incomplete Virtual machine. That so we can guarantee short boot times and don’t take any resources compared to a Virtual Machine. The setup of the State Machine includes a series of cryptographic instructions that optimize execution efficiency. Other Features: Better Scalability: Optimized data routing When competing with traditional networking technology solutions, routing is the handicap of decentralized technology. The data packets need to move further in a decentralized network if the nodes are not mapped and their capacity knows at a given time. Quantum1Net optimize routing with knowledge of the underlying infrastructure and can, therefore, shape the network topography at a given time to fit specific nodes requests for service data. Quantum-computer-proof technology: The emergence of quantum computers creates a major challenge to RSA and ECC-based cryptographic mechanisms. For quantum computers can solve theses cryptographic problems in an extremely short time. Using in-house developed data tunnels for P2P connection encrypted with Quantum Mechanical generated seeds and key exchange using cellular automata. The ECC parts of the blockchain have been replaced with the Quantum Safe Merkel tree XMMS.