QANplatform, a layer-1 blockchain that boasts compatibility with Ethereum‘s EVM standard and prides itself on quantum resistance, has secured a substantial $15 million investment from MBK Holding. This development comes just ahead of the highly anticipated testnet launch, marking a significant milestone for the company.
About QANPlatform
QANPlatform has positioned itself as a trailblazer in blockchain technology. As a layer-1 blockchain, it aligns with Ethereum’s EVM standard, ensuring seamless integration with existing blockchain ecosystems. What sets QANPlatform apart is its commitment to quantum resistance, a feature that adds an extra layer of security in the ever-evolving landscape of cybersecurity threats.
Unique Features of QANPlatform
QANPlatform offers several unique features that distinguish it in the competitive blockchain space. The blockchain utilizes the “NIST Primary recommended post-quantum algorithm,” assuring users of robust security against potential quantum attacks. Notably, QANPlatform stands out with its rapid cloud deployment capability and the ability to support smart contracts in any programming language. The QAN Virtual Machine (QVM) empowers developers to write smart contracts in a variety of languages, including JavaScript, Java, Python, TypeScript, C, C++, C#, etc.
About the Funding
The $15 million investment from MBK Holding, led by Qatari Sheikh Mansoor Bin Khalifa Al-Thani, underscores the confidence in QANPlatform’s vision and technological prowess. This funding injection is strategically timed before the imminent testnet launch, providing the company with the financial backing needed to propel its quantum-resistant blockchain into the next phase of development.
Conclusion
QANPlatform‘s successful fundraising venture and its imminent testnet launch mark a significant chapter in the evolution of blockchain technology. With a focus on quantum resistance, compatibility with Ethereum’s EVM standard, and versatile smart contract support, QANPlatform is poised to make waves in the blockchain landscape.
FAQs
What is quantum resistance, and why is it important for a blockchain?
Quantum resistance is a feature that protects a blockchain from potential threats posed by quantum computers, ensuring the security and integrity of transactions in the face of evolving technological challenges.
How does QANPlatform support smart contracts in any programming language?
QANPlatform achieves this through its QAN Virtual Machine (QVM), allowing developers to write smart contracts in a variety of programming languages, including JavaScript, Java, Python, TypeScript, C, C++, C#, etc.
Who is the lead investor in QANPlatform’s recent funding round?
MBK Holding, led by Qatari Sheikh Mansoor Bin Khalifa Al-Thani, is the lead investor who contributed $15 million to QANPlatform in its latest funding round.
