quorum

Another week, another letter to deal with along with A to Z crypto-terminology, where we answer burning questions about crypto-terms beginning with the Latin letter “Q”.

Q – Quantitative Trading.

A trading strategy that depends only on numbers and mathematics.

Traders have their own preferred methods and strategies to optimize their trades related to various available parameters. A commonly used trading strategy is quantitative trading, which relies on numerical and tested data to help the trader make decisions, eliminating the influence of emotions on their choices. However, in the crypto market, it is important for traders to go beyond quantitative data, as fundamental factors and other unpredictable events can lead to small gains or losses.

For example, on April 16, 2021, the price of the DOGE meme went up more than 60 percent in 24 hours as a result of Tesla founder Elon Musk tweeting his support. Numbers remain an integral part of crypto trading, but dynamic trading strategies are needed to complement a dynamic market.

Q for Quantum Computing

A new and more efficient way to prepare and process data using quantum mechanics, allowing you to solve algorithms and problems that traditional computers cannot.

Quantum computing is considered a very important stage of development. They use the principles of superposition, entanglement, and interference to solve even the most complex and intricate mathematical equations, such as cryptography or blockchain. What does this mean for transactions in, say, the Bitcoin network?

Among other possibilities, a large number of quantum computers could theoretically crack a huge number of individual users’ private keys, allowing attackers to steal your bitcoins right out from under your nose. This threat to the security of modern blockchain and cryptography has been hotly debated. At the moment, quantum computing is still in its infancy, but experts predict that it could successfully manifest itself in the next decade. Nuclear codes and traditional banking and financial systems, such as credit card information and literally anything with a password, are also vulnerable to such exploits. Crypto-experts largely agree that a better encryption method will emerge before the quantum singularity – the time when quantum computers will be able to crack modern encryption techniques.

Q for Quorum

The minimum number of stakeholders that must be present or participate in decision making; a majority.

In the field of blockchain technology, a quorum is a form of governance used by projects or organizations to ensure the objectivity of the vote. According to this concept, the results of a vote with a large number of participants are much more reliable. This ensures that voting results are more reflective of the interests of all stakeholders rather than those of a select few.

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