Hello Hive,
Today I am writing my 300th post! What an amazing milestone. Even though I have just started writing posts again, I am very enthusiastic about having written 300 posts. I plan to keep up writing 1 post every day for all of the days of the upcoming year and I will keep you up-to-date on how much my account will grow over time.
Qredo is a radical new crypto infrastructure project that offers the solution to a very large problem in crypto; interoperability between blockchains and the problem of centralization of wallets for the decentralized blockchain. the solution that Qredo is offering is fully decentralized private key management.
#thenetworkisthefault is the hashtag that Qredo uses to show what they mean by fully decentralizing private key management and offering a completely decentralized wallet for crypto. MPC or Multi-party computation is the driving technology behind the solution that Qredo is offering. However, the traditional MPC technology can have counterparty risk which is solved by the consensus-model MPC that Qredo has developed.
By implementing a consensus-model MPC and replacing private keys, they enable the transfer of portable ownership rights across chains on a Layer 2 network and that without counterparty risk. This will revolutionize the way that people and institutions interact with cryptocurrency wallets, paving the way for better and more user-friendly Decentralised Finance projects.
I have been invested in Qredo for a little over 4 months now and I am still trying to wrap my head around the technology that Qredo is trying to implement. I hope that the upcoming year will be the year that I fully grasp their project and the technology behind it. I will be continuously updated on this project and how much I am investing in the project.
Have a great day Hive Community!