QT by Bison Trails is designed for companies and entrepreneurs building and scaling secure Web 3.0 applications today. QT provides a robust link between off-chain systems and blockchain networks; any off-chain system can use dedicated infrastructure to read and write data to the blockchain. Today, we’re introducing Diem (Libra) QT.

Diem QT provides fast, scalable, and dependable access to the Diem Validator Network through secure read/write nodes. Designated Dealers and VASPs–custodians, wallets, exchanges, and others–want to be live for mainnet, and Diem QT makes it easy to build and test systems today on premainnet. Customers building with Diem QT can easily transition to mainnet at launch, and be ready on day one.

What is a Designated Dealer? What is a VASP?

The Diem White Paper, published in April 2020 by the Diem Association, details the four categories of participants on the Diem network:

The Diem network distinguishes between four categories of participants: (i) Designated Dealers; (ii) Virtual Asset Service Providers (“VASPs,” including exchanges and custodial wallets)... (iii) VASPs that have completed a certification process approved by the Association (Certified VASPs); and (iv) all other individuals and entities seeking to transact or provide services through the Diem network (Unhosted Wallets)...

Initially, the network will only be accessible to Designated Dealers and Regulated VASPs while the Association continues to develop its certification process for other VASPs and its compliance framework for Unhosted Wallets based on the feedback received from regulators.

Diem QT is for Diem (Libra) Network Designated Dealers and VASPs

Diem QT makes it incredibly easy for Designated Dealers and VASPs, as defined by the Diem Association, to build for the Diem ecosystem—whether for payment processing and transaction validation, or specialized uses like market making and smart contract authoring.

The task of deploying and maintaining resilient Diem node infrastructure suitable for production environments is no easy task. The Diem Association intends to offer limited access through public gateways, but Designated Dealers and VASPs who care about transaction speed, availability, and resiliency will require dedicated access.

Diem QT offers fully-managed, dedicated, and highly resilient Diem read/write nodes and supporting systems without the hassle and expense of running them in-house.

Why We Support Diem

Diem has the potential to drive mass adoption of crypto at a global scale. Bison Trails joined the Diem Association as Founding Members in October of 2019 because we believe that accessible payment systems built on innovative blockchain technology can address real issues such as the cost and slow speeds of international money transfers. As an infrastructure company, we want to strengthen the network to support billions of transactions and make it easy for the Diem Payments Network to grow.

How We Support Diem

• Bison Trails is a member of the Diem Association and member of the Technical Steering Committee. Our leadership on the Technical Steering Committee, driving the technical roadmap and guiding codebase development, reflects our on-going engagement and expertise with the Diem protocol and infrastructure.
• Participating in the last year of Diem development has given our team extensive experience developing, deploying, debugging, and testing the validation systems Diem runs on. Last year we were the first to run a non-Novi validation node on testnet.
• Today Bison Trails runs fully-managed infrastructure for a number of Diem Association members to participate in the network. We also offer read/write infrastructure built on QT.
• Diem QT will enable Diem’s VASPs and Designated Dealers to build on premainnet and be operational on day one of mainnet.
• Diem QT will also empower payment processors, lending companies, and payroll processors to easily add Diem support to their existing systems without maintaining blockchain infrastructure.

Bison Trails + Diem QT

Our dual-role as an Association Member and service provider provides Diem QT several distinct advantages due to Diem’s network topology. Diem QT, with direct access to the Diem Validator Network, offers the fastest transaction speeds available to Designated Dealers and VASPs building for the Diem ecosystem.

Direct Access to the Diem Validator Network with Diem QT

Because of Bison Trails’ role as an Association member, our customer’s Diem QT nodes are able to peer directly with our participation nodes on the Diem Validator Network, bypassing public gateways. Diem QT provides lower-latency processing and faster transaction times for payments, trades, and smart contracts on the Diem Payment Network. Diem QT customers will also see faster resolution times, with confirmations available as soon as the Diem Validator Network reaches consensus.

We’re Diem Node Experts

Last year we authored the first guide to running infrastructure for Diem, and have worked to ensure Diem’s architecture can scale to billions of transactions. We are in a position to provide our customers insights into proposed changes and system upgrades, as well as an understanding of how decisions were reached.

Diem QT is a core part of our product offering for the Diem ecosystem. It allows people building on top of Diem to securely and easily integrate their exchanges and wallets, and build new and exciting applications. Diem QT provides the security and reliability needed to start building on Diem today.

Aaron Henshaw, Co-founder and CTO

Are you a custodian, wallet, exchange, or company registered as a Designated Dealer or VASP on the Diem network? Contact us to learn more about building today with Diem QT.

Contact us

Read More

• Introducing QT. Connect to real-time blockchain data from 20+ protocols
• Why We Believe in Diem (Libra)
• Bison Trails is Proud to be a Part of the Diem Initiative

About Bison Trails

Pioneering Blockchain Infrastructure®

Bison Trails is a blockchain infrastructure platform-as-a-service (PaaS) company based in New York City. We built a platform for anyone who wants to participate in 22 new chains effortlessly.

We also make it easy for anyone building Web 3.0 applications to connect to blockchain data from 30 protocols with Query & Transact (QT). Our goal is for the entire blockchain ecosystem to flourish by providing robust infrastructure for the pioneers of tomorrow.

In January, 2021, we announced Bison Trails joined Coinbase to accelerate our mission to provide easy-to-use blockchain infrastructure, now as a standalone product line. The Bison Trails platform will continue to support our customers. With Coinbase’s backing, we will enhance our infrastructure platform and make it even easier to participate in decentralized networks and build applications that connect to blockchain data.

THIS DOCUMENT IS FOR INFORMATIONAL PURPOSES ONLY. PLEASE DO NOT CONSTRUE ANY SUCH INFORMATION OR OTHER MATERIAL CONTAINED IN THIS DOCUMENT AS LEGAL, TAX, INVESTMENT, FINANCIAL, OR OTHER ADVICE. THIS DOCUMENT AND THE INFORMATION CONTAINED HEREIN IS NOT A RECOMMENDATION OR ENDORSEMENT OF ANY DIGITAL ASSET, PROTOCOL, NETWORK OR PROJECT. HOWEVER, BISON TRAILS (INCLUDING ITS AFFILIATES AND/OR EMPLOYEES) MAY HAVE, OR MAY IN THE FUTURE HAVE, A SIGNIFICANT FINANCIAL INTEREST IN, AND MAY RECEIVE COMPENSATION FOR SERVICES RELATED TO, ONE OR MORE OF THE DIGITAL ASSETS, PROTOCOLS, NETWORKS, ENTITIES, PROJECTS AND/OR VENTURES DISCUSSED HEREIN.

THE RISK OF LOSS IN CRYPTOCURRENCY, INCLUDING STAKING, CAN BE SUBSTANTIAL AND NOTHING HEREIN IS INTENDED TO BE A GUARANTEE AGAINST THE POSSIBILITY OF LOSS. THIS DOCUMENT AND THE CONTENT CONTAINED HEREIN ARE BASED ON INFORMATION WHICH IS BELIEVED TO BE RELIABLE AND HAS BEEN OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE BUT BISON TRAILS MAKES NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE FAIRNESS, ACCURACY, ADEQUACY, REASONABLENESS OR COMPLETENESS OF SUCH INFORMATION.

ANY USE OF BISON TRAILS’ SERVICES MAY BE CONTINGENT ON COMPLETION OF BISON TRAILS’ ONBOARDING PROCESS, INCLUDING ENTRANCE INTO APPLICABLE LEGAL DOCUMENTATION AND WILL BE, AT ALL TIMES, SUBJECT TO AND GOVERNED BY BISON TRAILS’ POLICIES, INCLUDING WITHOUT LIMITATION, ITS TERMS OF SERVICE AND PRIVACY POLICY, AS MAY BE AMENDED FROM TIME TO TIME.