QRY: Distributed API Ecosystem
This white paper is intended for information purposes only and shall not, under any circumstances, be treated as an offer of securities or an invitation to participate in any regulated investment scheme.
This document describes a vision of QRY and various aspects of the network but is not intended to be a comprehensive or final design and shall be considered as a starting point for a series of proofs of concepts to define the final design. Any parameter specified in this document is likely to change in response to feedback and the expected evolution of the project.
Abstract
QRY is a decentralized ecosystem offering instant and effortless access to data and processing jobs, leveraging an incentivized network of providers that run specialized software for different services. QRY is designed to be compatible with any kind of service or API, from Blockchain RPC and History, to financial historical data to on-demand processing jobs (e.g. AI processing).
The network uses blockchain and economic incentives to coordinate and reward its participants, creating a global mesh of infrastructure providers. This builds compound availability to deliver unparalleled system reliability, while also mitigating the risks associated with centralized frameworks.
This white paper presents the design and use cases of QRY as a decentralized API network. As QRY expands to handle more services and providers, it has the potential to revolutionize the way businesses and developers access and interact with data.