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The arrival of the blockchain technology introduced many advantages to the world making its potential huge.

It allowed many computers to take part in a network, distributing the computing power, which helped reduce the risk in any tampering, fraud or cyber-crime. Furthermore, it allowed different parties to believe that transactions between them are indeed real and valuable. With immutable records of transactions this also ensured a possibility for a massive range of digital transactions to happen without any central authority. With significant reduction of monopolies or middle men, this also removed a lot of costs from the equation. Blockchain also ensured immutability, as any transaction can be confirmed and shared across the distributed network, while almost impossible to undo.

The problem
All of these are great advantages offered by blockchain and today we can see many projects trying to leverage them the best way they can. However, in recent years blockchain technology proved to have significant problems. Among them is a huge environmental cost in the way blockchain is being used today. One of the most famous examples of this is Bitcoin that uses computing power that consumes as much energy as used by 159 of the world’s nations. Another major shortcoming is that Blockchain is slow and takes much longer time to process any transaction when compared to let’s say “traditional” payment systems such as cash or debit cards. For example, bitcoin transactions can take a few hours to finalize which is truly unsatisfactory and significantly limits the potential for bitcoin as a payment mechanism. Another shortcoming is the DApps which, while having a huge potential, failed to revolutionise the market to this point.

These shortcomings inspired the founders of Tolar HashNET to provide a solution that solves these major shortcomings of blockchain technology, while maintaining all of its advantages.

Tolar

Welcome to Quantis, a cryptocurrency focused on defending the
fundamental human rights of privacy and free speech. The Quantis Network
is a set of decentralized tools and applications that allow users to transact and
communicate privately and anonymously.

Quantis believes in privacy. If you’re new to the concept of privacy as an
inherent right, you may be asking, “Why does one need to transact privately
or communicate anonymously? Is it because they have something to hide?”
To be clear, Quantis was not designed with the intention of hiding illicit
activity. Rather, it seeks to maintain the privacy of individuals should they
choose to have it. Further, the Quantis Network exists to enable individuals
with the power to communicate when they are otherwise silent out of fear of
public scrutiny for disagreeing with the common majority.

At its core, Quantis stands for freedom. It seeks to defend that freedom with
decentralized applications that provide anonymity and privacy.

The Quantis blockchain code is based on the Bitcoin protocol with added
features. Quantis uses hybrid consensus algorithms for block validation and
employs masternodes to help facilitate private transactions. The system also
makes use of steganography and end-to-end encryption to ensure the privacy
of its users.

All of the Quantis network’s privacy features are built directly into the
wallet. This allows the user to transact and communicate using an all-in-one
system. It is recommended that masternode operators also use a Virtual
Private Server; however, masternode operation can be viewed within the
wallet as well.

It is worth noting that Quantis was funded solely by the contributions of the
developers. Quantis did not seek funding as an ICO and did not conduct a
pre-mine. Launched on April 25, 2018, the project was funded by the
contributions of the developers.

Quantis Network Website
Quantis Network Whitepaper

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