Under-Explored Quantum Ecosystems #2 - @QuantusNetwork
Quantus has no smart contracts but an ecosystem formed around it anyway.
The secret sauce behind almost every defi-related thing you can do in the ecosystem, is powered by @NEARProtocol.
Let's take a look ↓↓
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Part one was @QRLedger, a chain that has run on hash-based signatures since 2018.
This one's is a much younger chain with a very different ecosystem built on top.
Quantus is:
- a PoW L1 built only yo move money
- mainnet genesis went live September 9th this year
- every transaction on the chain is signed with ML-DSA; ML-DSA-87 for new wallet accounts, and ML-DSA-65 is also supported.
- it has no smart contracts, by design
- $QTC is the only native asset
So what could grow on a chain built only to move money?
1. An Ordinals-style protocol on a chain without smart contracts: @qlyphsxyz
Since tokens cann't be launched on iQuantus, Qlyphs got around that the way Ordinals did on Bitcoin. Their rules, QLYP-v1, ride on normal QTC transfers, and their indexer reads the whole chain to keep track of who owns which token.
That one idea grew into an economy:
- there are Quarks, numbered one-of-one pieces stored inside transactions since 9 Oct
- there's a launchpad where 0.03 QTC starts a token on a bonding curve, and it graduates to a NEAR pool once the curve fills at 210 QTC
- on top of that, they built a wallet, a Telegram bot and an OTC desk.
The catch is that the chain doesn't know these tokens exist, so your balance depends on Qlyphs' servers, not Quantus.
@Quantinals_ runs another inscription protocol like this, with $QNTS on the trust model.
2. DeFi lives on NEAR
Since Quantus can't run DeFi itself, QTC goes to NEAR for it as a wrapped token. It first traded there on 6 Oct through @near_intents, which now handles swaps from 180+ assets inside the official Quantus wallet and has passed $50M in Quantus volume.
.@rhea_finance added a QTC/USDC pool, the first QTC lending market at up to 60% LTV, and a Quantus-NEAR bridge.
.@MeteorWallet, @auroraisnear and @InstaSwap_io give people more ways to swap in and out.
The bridge between quantus and near is still being built. Also, once QTC leaves Quantus, it loses the chain's post-quantum protection and is only as safe as wherever it sits.
3. The wallet race
For a money-only chain, the wallet is the app. There are already several:
- the official Quantus wallet with in-app swaps and about 16K installs
- Quantus cold wallet which turns an offline android phone into a QR signer
- @KeystoneWallet 3 signs Quantus transactions through firmware
- @Qkeep_app a community wallet
- Qlyphs wallet
4. Mining
In two months, 20 named pools have started mining QTC, including @KryptexMining, @HeroMinerss, @f2pool, @pool2miners and LuckyPool.
But look in the last 24 hours:
- Kryptex mined 60.0% of blocks (3,530 of 5,880)
- LuckyPool only 10.4%
- HeroMiners: 10.1%
- Unattributed: 16.5%
- F2Pool: 0 blocks
5. Explorers and tools
- quantus explorer and an open-source indexer (official)
- qtcscan: community explorer from the Qkeep team, with free JSON data on pools, supply and vesting
- Quantum Resistance Renaissance: a solo builder's hub of ~47 browser tools
- @miningchamp tracks Quantus pools and hashrate
I haven't personally expereinced the community but if i missed anything, pls let me know
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@Jaiyden hi Jaiyden, difficulty is for coins not for algorithms, coins with same algo may have different difficulty. thats why difficulty doesn't affect hashrate of graphics card and it is not shown in website.
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