Qompass
Abstract
The Blockchain and digital currency world has paved way to a whole new understanding of decentralization. This does not just pose a challenge to the traditional perspective of financial transactions but also focuses on eliminating the loopholes attached with the traditional financial system. This goes to prove how advanced the blockchain technology has gone, and also how it has been able to diminish global boundaries by offering a chance at having an alternate and improved future for the whole world.
Introduction
With the growing importance of digital currencies in our world today, the Qompass platform offers the latest generation of cryptocurrency fanatics and average investors an unlimited access to funding pools that utilize the global financial network, which are working their way towards incorporating this innovative and revolutionary monetary exchange system. These financial systems or banks are the first in their league to accept the Blockchain technology as the future of monetary exchanges. As a Qompass platform subscriber, you can enjoy leveraged funds that add up to 100 times your invested deposit. You can also enjoy liquidity pools as well as cross exchange trading with a single account.
THE NEW AGE BLOCKCHAIN TECHNOLOGY
Qompass’s Block Chain is a new generation of Blockchain technology. It is a cooperative ledger that supports state changes that are performed by trusted and licensed nodes. The new Blockchain technology is capable of tens of thousands of transactions in a mere second (30,000 tps). This efficiency is achieved through performing on-client contract executions by means of verifying their output by 90 percent consensus algorithm used in the new block’s creation. The new and improved Blockchain does not require storing detailed information of every transaction; rather the side-chains are responsible for this action, and handle the full history storing procedure.
Time
It is a known fact that the present Blockchain generation is experiencing several issues including the problem of speed, high costs, security, and low to no anonymity at all. Countering these major issues, Qompass developers have initiated a Blockchain that offers the following: Revolutionary verification of over 30000 transactions per second Lowest possible costs Complete anonymity Aid of artificial intelligence in smart contracts Easy to use smart contracts – Drag and Drop Templates Complete security, making it impossible to check transactions without a security key. ( Secured Explorer) Qompass blockchain makes it completely impossible to know details of a user’s digital assets, except with the use of a private key.
Qompass Blockchain
The revolutionary Blockchain technology offered by Qompass offers high tech solutions to the setbacks faced by earlier developers of cryptocurrency. Some major characteristics that differentiate Qompass Blockchain from other cryptocurrencies include the following: It is faster than current solutions such as Ethereum and Bitcoin It can support over 30000 transactions per second It is a self-aware Blockchain (supported by Artificial Intelligence) It is entirely customizable and scalable It has a cross chain smart contract support (smart contracts that work on multiple blockchains) Very low transaction costs Qompass uses a secured explorer (no one can spy on your assets. Experience true anonymity and privacy) It offers total decentralization and anonymity It is built to support financial transactions and high frequency trading The Qompass Blockchain offers a transfer system that guarantees performance, multitransactional capabilities of transferring, depositing and converting systems, while ensuring privacy and security at all times. This is Qompass’s revolutionary technology behind the offer.
Proof of state
The primary function of Qompass’s nodes is to execute contracts and to verify their state. Instead of following the traditional techniques of mining new blocks which burns clock cycles unnecessarily, in the Qompass platform the permission required for the creation of new blocks is at default and comes as a licensed node. Rather than waiting for a new block to be mined, state changes can occur at any time, which is verified by trusted actors, and a general consensus approved in less than ten milliseconds, even at a large scale. Any contract can perform actions synchronously without affecting or blocking other contracts, which is owed to the fact that every contract maintains its own separate chain of state.
Smart contracts
Generally, smart contract in Qompass is referred to as an executable data script that is stored in a tree structure. It has the capability of storing any kind of information in a format known as ‘key-value’, and each key in this system represents a unique address globally, and values found here can be either fixed values, dynamically executing scripts, binary executable logic, or even simple references to other existing addresses, trees, and so on. This allows virtually any complex nesting structure to be represented.
Smart Algorithms
Qompass’s strength lies in the advanced trading algorithm we employ, using the power of neural networks and artificial intelligence that assists in forecasting price movements even before they actually happen. This ability acts as an added advantage, allowing leverage power that boosts earnings up to 100times. Our experienced team, along with their contacts and specialization in the banking sector, expanding over years, enabled us to end up negotiating with over 25 financial institutions situated all over the globe. These firms will act as liquidity sources to facilitate high frequency trading and the function of leverage on our platform, 5 agreements are secured so far.
Artificial Intelligence
Artificial Intelligence (AI) explained to the basics, is any technology that is designed to work or operate in somewhat the same manner as humans. Obviously, it does not operate exactly the same as humans do, however, it uses the concept lying behind how human think, perceive and make decisions. As explained in the diagram on the next page, AI is the largest and the outermost layer which consists of Machine Learning (ML), where the machines derive information from available data and process it. ML is the part where the learning of the system takes place. Furthermore, Deep Learning (DL) is the circle where connections between the learned phenomena are created, based on how one stimulus triggers others. Like in the case of a human, when a mistake is made, which causes pain, the mind registers pain as an indication of not doing the same act again.
ARTIFICIAL NEURAL NETWORK – FORECASTING PROFITS
In recent years, many studies have demonstrated successful applications of Artificial Neural Network (ANN) for accurate predictions in finance. [Gurusen et al.] presents a detailed survey of more than 25 contributions available in scientific literature on the application of ANNs in the financial field in the last few years.
In recent years, many applications of ANNs in finance have been published; we just refer to a few: ● MediaTek Corporation in Taiwan ● Grocery Retailing Industry in Turkey ● Application of ANN and ARIMA model to predict cement demand in Taiwan ● ANN application for modelling revenue returns from mobile payment services ● Prediction of trading profit of Nestle transnational company in European area using fundamental analysis based on ANN
Neural Network
Neural networks also referred to as artificial neural networks, utilizes the concept of a human brain that consists of billions of neurons, each transmitting a message to the brain. These neurons are all interconnected and offer their specific knowledge, giving the brain the capability to think. Using the same concept, the neural networks were created. Utilizing a similar notion, neural network systems function by the various units involved bringing together their respective information from available data and compiling it, so that an informed decision based on the findings can be taken.
Leverage
The investment strategy in business which uses borrowed money in form of either borrowed capital or in terms of any borrowed financial instruments; to enhance the potential return on any investment, is referred to as leverage. Another way to define leverage is to see it as the debt amount that is taken or used to finance other assets. As we know, debt increases or rather multiplies the associated financial rewards and risks. In the case of leverage, if you earn profits on an investment, your borrowed money does so too, and if you lose money, the same goes for the borrowed money as well. So not only does the profit multiply, the debt multiplies as well. The main reason people use leverage investment is because it is an exciting concept of earning money through borrowing someone else’s assets and reaping in all its profits. Imagine using someone else’s car to rent out, so that you can earn profits! Amazing idea, isn’t it? Leverage works in the same way. However on the other hand, in case the car gets stolen, now you are left with a whole car to pay for.
Qompass offers digital currency that, even though is not regulated by any government or issued by any central bank, carries the immense power of cryptocurrency, which is being used all over the globe. Transactions performed using Qompass are secure and anonymous, and besides being low cost, are swift in transactions. Some other characteristics of the Qompass platform include the following: Crypto Payment Cards - Qompass platform offers the use of the Qompass Payment card / Wallet. A hybrid debit card and smart hardware wallet that allows instant access to the blockchain.
The raging success Blockchain has experienced in such short time has enhanced the frenzy and are continually experiencing it. However, it did leave many in a state of confusion about real uses. This is commonly owed to the drawbacks that have been experienced by current blockchain solutions . These drawbacks include the following:
MCA-MANAGED CRYPTO ACCOUNTS
Qompass is introducing a new way of earning passive income on your Crypto investments. Earn up to 300% per month on your investment. Using advanced artificial intelligence and neural network algorithms combined with active leverage, investors in the MCA program are able to earn a stress-free income on their crypto holdings.
Open a Managed Crypto Account
•Priority is given to subscribers of the Qompass ICO. •You can either deposit BTC (or ETH) to buy QPS or simply deposit your QPS in your account. •For every 1 QPS you will get up to 99 QPS (leveraged) depending on your chosen package. •Choose the investment package matching your deposit. •Contracts can be renewed monthly based on First Come First Serve. •Withdraw profits and deposits when contract expires. •No capital Lock - Cancel contract and Withdraw anytime •Limited Cap - once the monthly intake Cap is reached the program is closed for new investors that month. •Low Performance Fees paid to the platform •100% Capital Protection - All deposits secured By Our own Reserve Funds – Enforced by smart contracts
Qompass will offer 20 million coins for the public during announced dates, where investors can benefit from the offered bonuses. However, for the purpose of platform development, marketing and other team members, 13 million coins will be reserved for marketing, bonus payment, bounties Team. Future Developments.
Roadmap
This document is currently considered a draft, and while we make every effort to ensure that any material herein is accurate and up to date, it may not be exhaustive. It contains forward-looking statements and is likely subject to further changes without notice.
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