Quras

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Quras project is a new generation of smart contract platform focused on performing untraceable and anonymous transactions. The platform is aimed at working with cloud storage, the Internet of things. Quras reduces the cost of collecting, storing and analyzing data from IOT devices. Quras will allow users to rent out unused space on hard drives using a distributed network. For this, users will receive tokens of the platform, and the platform itself will provide a cheaper and safer analogue of existing cloud storage, while creating a distributed space for studying data.

History

Initially, the goal of the Quras project was to create a secure and anonymous blockchain for the healthcare industry, which would help medical institutions to reach a new level in the issue of data storage. Now the project is aimed at the business sphere and individuals, intending to provide their activities with increased security. The idea of creating the project appeared in early 2017, and by the third quarter, the developers have already tested the blockchain. At the beginning of 2018 it was implemented.

Operating principle

Quras is focused on several aspects:

  • Privacy
  • Cloud storage and bigdata
  • Internet of things
  • Smart contracts
  • Applications
  • Ecosystem

Privacy

To achieve this goal, the latest technologies such as zero-knowledge proof protocol, TOR, etc. are used. Thanks to these technologies, the project offers users complete anonymity of transactions and communications, bringing control over assets and security to a new level.

Cloud storage

With a combination of traditional online storage technologies (such as AWS) and modern distributed network technologies (such as Tor), Quras ensures that there are no risks of security problems and data leaks from the server. The project offers the most secure method of data storage and distribution, as well as transactions.

Internet of things

The combination of the blockchain technology and DAG protocol made the approval process fast transactions, and excluded the possibility of data tampering. Quras is capable of processing massive data streams from IOT of any scale, transforming the generated data into a secure network with increased anonymity.

Smart contracts

The Quras smart contract system allows anonymous transactions within the platform. A small fee is charged when a transaction is made: this is necessary to maintain the stability of the system. Smart contracts can also be used by users to create decentralized applications.

Applications

Users can get the tokens of Quras for participating in the platform's activities. The following features are implemented: games, real trading function, p2p chat, as well as voice calls. Participation in these components of the platform contributes to its improvement, due to which users are given the opportunity to earn tokens. Quras refused Proof of Work, and therefore there is no mining in its usual form. Instead, when creating a block, the holder of Quras receives GAS according to the amount of tokens on the account.

Advantages

The Quras platform has four key benefits:

  • Decentralization and open source
  • Self-protection of data and assets by the user
  • Rewards for token holders
  • Approach to technology

Quras was originally designed to ensure that all users have equal access to the platform and tokens. Due to the use of open code, the platform is built on the principle of a horizontal hierarchy, all token holders can be equally active.

Thanks to the infrastructure of Quras, users can independently ensure the security of their data, avoiding the participation of third parties, which has a positive impact on security.

Token holders in the Quras ecosystem also act as their issuers, and they are entitled to a reward when creating new blocks, depending on the number of tokens available.

Quras platform intends to constantly develop, introducing new systems and technologies. The company explores side-chains, anonymous browsers, simple payment methods and other innovative technologies in order to further implement them to improve its platform.

Bounty program

Quras project allocated 750,000 tokens on the bounty program, which, at a set price of $0.5, equals $375,000. Distribution of awards is as follows:

  • Translations and moderation - 15%
  • Subscriptions - 15%
  • Telegram - 15%
  • Twitter - 15%
  • Facebook - 10%
  • Blogs/articles/video reviews - 25%
  • Bonuses - 5%

The campaign is divided into nine stages, which will be held from August 1 to October 1.

Prospects

Quras aims to create a truly useful platform that allows users around the world to store their data and assets safely and cheaply, while participating in the development of such promising areas. Speaking about the prospects of the project itself, it is necessary to take into account the human factor: the success of the platform depends on the number of users involved in its activities. Quras has direct competitors offering to rent out unused memory of their devices, which can make it difficult to attract users. For marketing purposes, the project team has allocated a significant amount to the bounty program, which should contribute to the promotion of the project. In the case of a successful advertising campaign that will help to attract users, Quras has all the chances to take a confident place in the niche of data storage.

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