Wrapped QUIL (QUIL)
Quilibrium is an innovative decentralized platform designed to provide the benefits of cloud computing without sacrificing privacy or scalability. As a decentralized internet layer protocol, Quilibrium offers users familiar API-compatible SDKs, making the transition to this new model, referred to as "NoCloud," both seamless and efficient. This platform is maintained by the ℚ-community, emphasizing its decentralized and community-driven nature.
The Quilibrium network model
Quilibrium introduces a novel decentralized network model that differentiates itself from conventional blockchain-based systems. Unlike traditional blockchains, which build consensus around a linear chain of blocks, Quilibrium employs a hypergraph structure. This approach allows for the maintenance of a blockchain or any other data structure within the shards of the hypergraph, enabling more flexible and scalable solutions.
| Ticker | QUIL |
| Category | Crypto-Backed Tokens |
| Website | https://quilibrium.com/ |
| Telegram | quilibrium |
| Contract Addresses | |
|---|---|
| ethereum | 0x81...5d Copied! |
Cryptographic approaches in Quilibrium
The Quilibrium network design heavily relies on advanced cryptographic techniques to ensure the validity and security of state transitions. These techniques ensure that adverse conditions, such as data breaches or unauthorized access, are structurally impossible. Furthermore, any malicious behavior within the network is automatically punishable, with offenders facing removal and public exposure.
Features of Quilibrium
Quilibrium stands out due to several key features that enhance its functionality and appeal to users seeking privacy and scalability within decentralized systems.
Decentralized MPC platform as a service
Quilibrium offers a decentralized multiparty computation (MPC) platform as a service. This capability allows multiple parties to jointly compute a function over their inputs while keeping those inputs private. This feature is particularly crucial for applications requiring high levels of data confidentiality and security.
Privacy and scalability
One of Quilibrium's primary goals is to provide users with the privacy and scalability typically associated with cloud computing but within a decentralized framework. This is achieved through its unique network model and cryptographic methods, which ensure that user data remains secure and the system can efficiently scale to accommodate growing demand.
API-compatible SDKs
To facilitate a smoother transition for developers and users, Quilibrium offers API-compatible software development kits (SDKs). These SDKs are designed to be intuitive and familiar to those accustomed to traditional cloud services, reducing the learning curve and encouraging adoption of the Quilibrium platform.