Competitors

Qravity

Qravity is a blockchain platform that was inspired by the struggles of Edgar Allan Poe, a writer and poet who never really profited off his work. The platform was created by David Brandstaetter, an Austrian producer, who was moved by Poe's story and realized that many creators probably go through similar struggles in terms of fair payment and copyright infringement.

Qravity was initially established in 2016 as a company that could help bring original pieces of work to the market. However, the team soon realized that they could advance their business by integrating blockchain technology into it. The Qravity blockchain platform, built on the Ethereum blockchain, allows artists and creators to accrue profits. On the platform, individuals can directly purchase something from an artist, and the original content will benefit the creator without it having to go through a third-party.

As of 2023, it's not clear how much funding Qravity has raised or what their valuation is. Their future plans and marketing strategies are also not readily available. However, their unique approach to using blockchain technology to ensure fair compensation for artists and creators sets them apart in the blockchain space.

QANplatform

QANplatform is a game-changing Layer 1 blockchain platform that allows developers and enterprises to build quantum-resistant smart contracts, DApps, DeFi, tokens, CBDCs, NFTs, Metaverse, and Web3 solutions. The platform is unique in that it allows developers to code in any language, making it highly accessible and versatile.

As of 2023, QANplatform has a market cap of $43M. The platform boasts impressive transaction speeds, with private transactions reaching up to 97,000 transactions per second (tps) and public transactions reaching up to 1,600 tps. It also scores highly in terms of decentralization, with a level of 3/3.

QANplatform is built on the Ethereum blockchain, ensuring compatibility with Ethereum's EVM. This means that developers can build quickly and efficiently, integrating existing Ethereum DApps into the QANplatform. Furthermore, QANplatform offers cloud deployment in just 5 minutes, making it an efficient choice for developers.

In terms of quantum resistance, QANplatform is prepared for the quantum threat from the ground up. The platform uses a unique lattice-based cryptography standard to ensure that future funds are safe from potential quantum attacks.

QANplatform also offers a unique feature for developers: the ability to earn royalty fees when their code is reused by others. This provides an additional incentive for developers to produce high-quality, reusable code.

The platform's future plans are not explicitly stated on their website, but their focus on quantum resistance, developer incentives, and high transaction speeds suggest a commitment to staying at the forefront of blockchain technology. Their marketing strategies are also not readily available.

In terms of funding, it's not clear how much QANplatform has raised. However, with a market cap of $43M, it's clear that the platform has significant financial backing.

Other competitors

The QRL (Quantum Resistant Ledger):

The QRL is a project focused on developing a quantum-resistant blockchain. They have recognized the potential threat of quantum computers and aim to provide a solution to protect blockchain networks. The QRL utilizes the XMSS (Extended Merkle Signature Scheme) as its signature scheme, which is a quantum-resistant cryptographic algorithm. As of 2023, the current status of their development and specific plans for the future are not readily available.

Quantum Blockchains:

Quantum Blockchains has introduced Quantum Secured Blockchain (QSB), an invention they have developed and are implementing. However, detailed information about their progress, plans, marketing strategies, funding, and valuation in 2023 is not readily available.

In conclusion, the field of quantum-resistant blockchain development is actively progressing, with various entities working towards implementing quantum-resistant solutions. While specific details about competitors' activities and market positions vary, it is evident that there is a growing recognition of the need to address the quantum threat to blockchain networks. As Armada Network, our focus on developing a quantum-resistant blockchain positions us as a player in this competitive landscape, dedicated to providing secure and resilient blockchain solutions for the future.