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Qredit is the cryptocurrency project associated with XQR and a payment-network design. Its public development records include tools for issuing tokens through the Qredit Side Ledger Protocol. Those records establish a technical history, but they do not by themselves confirm current network health or market access.
From QRT to a native network
A project-authored September 2018 update announced a move from an NTP1 token to a native chain, changing the symbol from QRT to XQR. It also described a supply change associated with that transition. These are historical migration details, not fresh instructions for converting an old balance.
A legacy holder must identify which asset is actually held. An old exchange account entry, a native-chain coin and a token issued through a side ledger represent different things. Similar names cannot establish which wallet or withdrawal route is appropriate.
What the side-ledger code does
The project’s QSLP repository describes support for fungible and non-fungible token formats. It specifies operation alongside a Qredit relay or full node. This is more concrete than a general claim that a blockchain supports every kind of smart contract.
A token issuance system can define ownership and transfer rules without offering the same execution environment as Ethereum. Users should examine the actual token format and available software rather than assuming that all contract features are interchangeable between networks.
Payments depend on more than a transferable coin
Qredit’s historical positioning emphasized merchant payments. For that model to work in practice, a merchant needs a supported wallet, reliable transaction processing and a workable way to manage price exposure or convert proceeds. A blockchain’s existence is only one part of the payment service.
The recovered article also tied Qredit closely to the Altilly exchange. Those descriptions cannot be carried forward as a current market recommendation. A trading venue’s former use of XQR does not demonstrate an accessible market today.
Delegation and rewards need current evidence
The old profile described a delegated proof-of-stake design. Delegated proof of stake means that selected participants produce blocks under rules involving stakeholder voting or delegation. It should not be expanded incorrectly as distributed proof of stake.
The prior node count and reward-sharing assumptions have not been adopted as current specifications. A delegate’s stated reward policy may differ from protocol-level entitlements, and more coin units do not automatically produce a positive economic return.
The status that can be supported
The public repository and historical project announcement remain useful evidence of Qredit’s design and migration history. A current chain tip, working withdrawal route and dependable exchange order book remain unconfirmed. Current operation is therefore unconfirmed, rather than declared shut down.
Other financial products now use the Qredit name. They should not be presumed connected to XQR. A reader tracing an old holding should begin with transaction records and network identity, then seek authenticated continuity evidence before acting on any new website or offer.