About
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QL1 is a blockchain that is decentralized, community-driven, and community-funded, giving its users complete control and transparency. With its lightning-fast transaction times and extremely low fees, QL1's efficient design makes it the perfect platform for seamless and economical digital exchanges. Become a part of a network where community members drive innovation, guaranteeing a future based on cooperation and trust.
Technical information
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QL1 is a cutting-edge blockchain combining the power of Ethereum Virtual Machine (EVM) and Cosmos ecosystems, with Inter-Blockchain Communication (IBC) enabled for seamless cross-chain interactions. Here’s a deeper look into its technical features:
- 5-Second Block Times: QL1 operates with an impressively fast 5-second block time, ensuring quick transaction confirmations and a smooth user experience.
- Community-Hosted Validators: The network is secured by self-hosted validators, managed by the community, ensuring true decentralization. These validators play a crucial role in maintaining the integrity and performance of the chain.
- EVM + Cosmos Integration: QL1 uniquely combines the best of both worlds by integrating EVM capabilities with Cosmos, allowing for a versatile and robust platform that supports a wide range of decentralized applications (dApps) and smart contracts.
- IBC-Enabled for Cross-Chain Transfers: QL1 fully supports Inter-Blockchain Communication (IBC), enabling seamless cross-chain transfers. Anyone can create a relayer, earning fees by facilitating the transfer of QOM tokens and other assets across different chains.
- No Mempool for Frontrunning Protection: To prevent frontrunning, QL1 eliminates the traditional mempool. Transactions are processed on a first-in, first-out (FIFO) basis, ensuring fairness and transparency.
- FIFO Transaction Processing: By employing FIFO processing, QL1 ensures that transactions are handled in the order they are received, enhancing security and preventing manipulative practices like frontrunning.
- Earn Fees by Running a Relayer: QL1 empowers users to become relayers in the IBC ecosystem, earning fees by enabling cross-chain transactions. This not only supports the network but also incentivizes active participation in the community.