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The network is run by an open, distributed network of Qredo Validators that operate multi-party computation (MPC) protocols to secure deposits, govern the market activity of participants, validate transactions and vote on new blocks.

Qredo is on a journey to become a fully decentralised autonomous organisation. Version 1 of the mainnet is available today. In the second half of 2021 Qredo will move into a Federated Model, under its Version 2 Testnet, where a curated set of third party validators will start operating validator nodes. Upon completion of this phase, in early 2022 the number of third party validators will increase towards a fully decentralised model.