The crypto story has been marked
by the problems of exchange sites. Investors and traders who manage their
investments by relying on the Exchange portfolios have often come to terms with
limited platform availability and even worse with hacker attacks, which have
led to losses in trading opportunities or loss of capital. Remember the famous
hacker attack on the biggest Exchange in 2014, Mt. Gox, whose after-effects
still affect the market, given that the Bitcoin that the liquidator has managed
to get, are around waiting to be sold to repay the users who they sued.
The lessons are to improve, in
fact, yesterday as today, the development teams are always looking for
solutions that guarantee investors. The investment in development allows the
Exchange to increase the liquidity of internal exchanges and thus maximize
revenues. The Exchange, in fact, earn a minimum percentage on each exchange and
a fixed fee on each withdrawal. If exchanges increase, the Exchange can become
more competitive by reducing transaction fees.
Qurrex aims to increase security
by focusing the platform on decentralization and, at the same time, focusing on
the speed of exchange, by reviewing the architecture of the famous stock
exchange sites of classic finance, such as NASDAQ, NYSE, LSE.
The portfolios where users
deposit their tokens are no longer owned by the Exchange and therefore
centralized, but decentralized because of their own blockchain. The blockchain
works on centralized and decentralized nodes and interrogates the various blockchains
allowing the execution of transactions once verified the correspondences in
cases of Cross-Chain transactions, or between different blockchains.
While centralized nodes ensure
speed in transactions, decentralized companies ensure liquidity, eliminate
intermediaries and keep deposits safe (Cold Storage). Orders are aggregated
from the central platform by means of the Matching Engine, which makes the
exchange transaction execute at the node involved when there is an executable
buy-sell.
Qurrex ensures a maximum of
70,000 transactions and a 99% latency, without loss of data. Liquidity is
assured by the support of important providers such as Bancor, on whose network
Qurrex will work. To ensure maximum safety in addition to its very nature, the
team ensures that the platform will be constantly supervised by a third-party
security team that will highlight the critical issues in advance. The Company
designated for supervision will also be interested in the economic aspect,
making the annual financial reports public. This need is also due to the fact
that Qurrex will offer the possibility to deposit and withdraw in current
currency (fiat).
The Exchange site will also
develop all the functions necessary for professional traders and on this
important aspect will also be the parallel platform of Social Trading in which
you can compare with other traders, chat and discuss on forums, as well as
follow the strategies.
The Qurrex tokens will allow you
to receive discounts on commissions and participate in platform profits by
lending them and then obtaining a profit from the trading edge of the platform
users.
The platform is ready in the beta
version and will be launched in the first half of 2019 on only centralized
nodes. Decentralization will be launched in the second half of 2019 when the
platform is complete.
For more information visit:
Website: https://qurrex.com/
Whitepaper: https://goo.gl/ZmucrR
Bitcointalk: https://bitcointalk.org/index.php?topic=2899211
Telegram Channel: https://t.me/qurrex_chat
Twitter profile: https://twitter.com/qurrex
Facebook profile: https://www.facebook.com/qurrex/
Author: lothok
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=1186246
