The Qlink private chain will use the Shannon Consensus algorithm
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Susan Zhou, COO and co-founder of Qlink presented at CPC Cryptocurrency and Exchange Conference on March 1st at Stanford Faculty Club.
The Qlink team was honored to meet Whitfield Diffie — an American cryptographer and one of the pioneers of public-key cryptography. It was Whitfield that introduced a radically new method of distributing cryptographic keys, that helped solve key distribution — a fundamental problem in cryptography. This technique became known as Diffie–Hellman key exchange.
Next to award winning cryptographers, Qlink also was very proud to meet He Yi, Co-founder of Binance exchange. Talking to her was very inspiring, and confirmed that crypto space definitely has a place for girl power.
In her talk, Susan revealed the Qlink consensus algorithm which is to be used for network transactions on the Qlink private chain.
This new algorithm improves the POW consensus by separating the working knots from the ledger knots. Working knots will only be taking care of transmissions, ledger knots will be fulfilling the role as the book-keeper of the chain.
By introducing Shannon consensus, Qlink will prevent larger capacity owners like Google to dominate the power of ledger.
The Shannon consensus consists of three parts:
- proof of spacetime
- proof of retrievability
- proof of transmission
The consensus was named ‘Shannon consensus’, dedicated to Claude Shannon, father of “information theory”.
In the meantime, Qlink revealed the architecture for the API and SDK to be used by developers. The Qlink team repeated a call for developers to co-create the decentralized ecosystem for mobile networks.
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Together we can change the world of mobile networks. Qlink aims to build a decentralized mobile network based on blockchain technology. We are confident in reaching this dream, but we can’t do it alone — we need individuals, companies and start-ups to co-create this together.
Get in touch with us to learn more about Qlink labs.https://t.me/qlinkmobile