New NOAH blockchain by Platinum Q DAO Engineering to build a bridge between the crypto world and real businesses
New NOAH blockchain will be released this year to build a bridge between the crypto world and real businesses, the NOAH project together with its general tech partner Platinum Q DAO Engineering announces. They have always endeavored to break new grounds by utilizing the transformative capabilities of blockchain technology to solve real-world problems, and the team stays true to its vision.
Right now, Noah Coins are plain Ethereum-based ERC20 tokens with no special features. This was the standard of cryptocurrency projects in 2017, but the NOAH project has to move forward both from the technological and economical perspectives. But that’s impossible using the current ERC20 token, so a decision to create a separate blockchain network with a special protocol was made.
The new token name is “NOAH.Platinum”. It will become an independent blockchain network with unlimited use-cases for individuals and businesses alike. Features will be gradually added to it as the community embraces actually using the software to facilitate the useful activity, business enterprises on-chain, crowdfunding, Continuous Coin Offerings (CCO), etc.
This is a blockchain 3.0, with the whole concept made to support the “Internet of Money”. It is also compatible with the highly anticipated products that are soon coming to this market — Telegram Open Network and Libra. The plans are very ambitious, the team is determined to create something neither this market nor you have seen before:
• The easy-to-use user interface in all the apps
• Transaction fees can be paid in NOAH.Platinum Tokens or in any other token on NOAH Blockchain
• Fees lower than $0.01
• Thousands of transactions per second
• Instant liquidity for all the secondary tokens on the network
…And much more!
We asked Anton Dzyatkovskii, the blockchain architect lead and co-founder of Platinum Q DAO Engineering, and Anzor Daurov, working in Platinum Q DAO Engineering as NOAH blockchain project manager, for the details about this new blockchain.
The company has announced that NOAH Blockachain will be open-source. Why is NOAH Blockchain development kept public on GitHub?
Anton: First of all, this is a good practice that was set by such fundamental cryptocurrency projects as Bitcoin and Ethereum. Secondly, this is in line with NOAH Blockchain being as transparent as possible. Our team wants the community to know about every commit done, every small release, every feature. This is a way to show progress and demonstrate dedication to the cause. There is one more reason for that — NOAH Blockchain is open-source.
What does “open-source” mean?
Anzor: In the case of NOAH Blockchain, this simply means that all of the source codes are not only available for public review, but it’s also licensed in a way that allows anyone to fork, modify, and release their own versions of NOAH Blockchain. This is another standard that has been set by the early projects in the cryptocurrency and blockchain market. This is also has been made due to the fact that NOAH Blockchain is actually using some components from other projects that are open-source. In the end, this trend creates a great synergy of developers from different teams that might even have different goals. Developers can learn from each other and allow each other to develop more advanced products a lot more quickly.
Why does the NOAH Blockchain team use complete finished components from other projects instead of developing everything on their own?
Anzor: There are several reasons for that. First of all, this is done to speed up the process. The developers call it “not inventing a bicycle”. After all, the NOAH Blockchain team could develop their own programming language and even a compiler, but how much time would that take? Would that help deliver a great product for end-user? Would the user rather have highly advanced original software in 5 years or a working product with real use-cases in 1 year? The best practices used in blockchain development by the largest and greatest projects show that it is a lot more convenient to use existing frameworks and modules to deliver an actual working product.
The second reason is that components that were made some time ago by other massive projects- are simply a lot more tested, a lot more secure and reliable. Because they were tested by time and possibly even by some malicious agents trying to hack them. They’ve been patched several times to counter any attacks that happened or might happen. And since NOAH Blockchain actually has a token that costs real money it is critical to maximizing security above all.
The third reason is compatibility. NOAH Blockchain is developed in such a way that it will be able to directly interact with advanced projects like COSMOS Network, Binance Chain, Minter, and other projects built with Inter Blockchain Communication capabilities.
Anton: The fourth reason is the focus. Instead of going through a tedious R&D process to determine the specifications of the consensus engine, our team can actually focus on developing an economically and technically sustainable product with good user-friendly interface. User adoption and best user experience are the main goals for us because it wouldn’t matter how advanced a technology is, if no one can actually use it.
Will NOAH Blockchain have any original parts developed in it?
Anton: Yes, and many! First of all, no project is similar to another because codebase isn’t everything — there are a lot of things like the economy, market parameters, community stats, etc.
NOAH Blockchain has very unique use-cases that the old NOAH Coin was already able to deliver on. And all further development will have these use-cases (remittance, off-chain utility, etc) in mind.
NOAH Ecosystem consists of several products other than the blockchain network itself: QDAO stablecoins and governance tokens, BTCNEXT exchange with its BNX Coins and several other products that are currently being developed. All these products will have a direct influence on the future of NOAH Blockchain whether they will be actually implemented on top of it or not.
Our team understands that the current user experience is not great in blockchain products — this is one of the reasons the global adoption isn’t happening yet. And many services as well as interfaces that will work with NOAH Blockchain will be developed to bring the user experience to the same level the centralized products and services have.
Anzor: Our new faster and secure NOAH blockchain will provide added features that are apt for the services that we currently offer. We are sure that this new platform will help us to provide even better services to our valued customers and supporters of our ambitious project. We thank our community members for their continued support and invite all to join us. We look forward to your support as we march towards our commitment to creating a borderless world powered by the blockchain technology.
About Platinum Q DAO Engineering and its team
Platinum Q DAO Engineering is an international consulting, promotion, and fundraising company building a future where all assets (from money to commodities to securities)will be digitized and can move instantaneously 24/7. The company’s mission is to make people’s lives better and facilitate economic growth by developing cutting-edge products that provide trustworthy, safe, and seamless access to any virtual assets. For the past 3 years, Platinum Company became the biggest Listing Broker in the world: they have listed more than 300 projects on Top Exchanges and supported Market Making for more than 70 projects. Platinum STO/ICO fundraising dashboard and tokenization platform are now installed to 30+ projects, and it has helped them to raise more than $350,000,000
Anton Dzyatkovskii is the blockchain architect lead of Platinum Q DAO Engineering, a passionate entrepreneur and a skilled negotiator. He is a hardworking business leader with more than 13 years of experience in FinTech, Retail, and E-Commerce. Experienced in expanding financial businesses to new markets. Moreover, Anton is a co-founder of Platinum Q DAO Engineering, where he has helped to develop USDQ, JPYQ, and KRWQ, the fully decentralized stable coins that simplify Bitcoin collateralization.
Anzor Daurov is the NOAH blockchain project manager, handling all the development activities in Platinum Q DAO Engineering. He is a seasoned software developer with experience both in large enterprises and startups. He started his IT career over 6 years ago and since then has delivered multiple massive-scale Business Intelligence products to the FMCG market in the CIS region, hosted one of the largest cryptocurrency conferences in Europe and successfully launched an open-source reputation-focused blockchain (uos.network, u.community). He has over five years of experience in the cryptocurrency and blockchain market and is determined to take the user experience of decentralized systems to the next level to allow for the global adoption to finally happen.
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