In the past, the tools that were used to record and document financial activities were completely paper-based, and all the activities were recorded using pen or pencils. After the invention of the computer, people start to record the information in their floppy disks or hard drives using editing software. It was continued until the invention of the internet. After the invention of internet people start to harness the power of the internet and structured their businesses based on the online system. It was the first step, to become digitalized. But, the financial system starts to become fully digitalized after the invention of cryptocurrency in the year of 2008, the Bitcoin a digital currency invented by a computer expert and scientist Satoshi Nakamoto. To support this high liquidity digital currency a new kind of network system was invented, and that technology is called the Blockchain. Since, the invention of this technology, the global financial structure started to change significantly and the new business organizations based on online system started to adopt the idea of the decentralized network system of the blockchain. This technology increased the security and reliability of data and the eliminated the need of intermediaries within the financial structure of the businesses. The elimination of intermediaries within the financial system reduced the cost of platform services. But, it also has reduced the speed of financial transactions as the data needed for processing of one transaction, requires the validation of multiple individual blocks which is really a time-consuming process. The reason is each block of a Blockchain system contains individual data, and as each data is of a different type, hence the validation system cannot find all the information in one block.
The CubeChain has considered these problematic issues of the existing Blockchain and has undertaken a project to solve these issues by creating a Cube based network chain where every Cube can hold 24 blocks of individual data for transaction processing and 3 special blocks which have some exclusive maintenance system within them for creating a 4th generation network chain.
If you have some more quarries about CubeChain please visit, http://cubechain.io/, or you can read their detailed technical whitepaper from, http://cubechain.io/assets/file/Technical-White-Paper_EN.pdf.
The CubeChain Project Details
The CubeChain project is a unique one of its own kind. This is a new idea of network chain where the idea of Blockchain will be reinvented to a CubeChain system where 27 blocks collaboratively create a single Cube which will act as a multiplied block stack which has multiple data stored within it. The project objective is to create a network chain system where the security, reliability and transparency attributes will be integrated similar to a Blockchain but the Blocks within it will be stacked as Cubes, which will be able to connect with its corresponding Cubes to maintain a series of data flow at a time to create a high-speed data transfer protocol for the financial transactions that are to be managed with the help of this system. The 24 individual blocks and 3 special blocks within one Cube will ensure such facility within
CubeChain. According to the project plan the team has planned to create a platform named CubeON which is built with the support of CubeChain network system. This is a platform through which you can trade, transfer, pay, and can do many other financial transactions through a Cube based highly efficient and secure network system. The process is 24 times faster than other transaction-based platforms within the CubeON as it is developed using CubeChain instead of Blockchain. The data validation system is able to validate 24 data at a time and thus the time for transaction processing get reduced 24 times than the time required in other platforms that exist in the current financial marketplace. The system is designed in such a way that it can integrate POW, POS and POH system which will let the users work with the help of an authentic, reliable and trustworthy platform ecosystem. Moreover, the platform is designed to provide Medial Information Exchange, Integrated Login and CubeChain Prediction facility which you will not be able no find in any other platforms that are present in the existing market. This project is the exceptional one which will provide you with all the facilities that you have ever dreamed of.
Another exclusive feature of this project is that it has a system where third parties will be present to serve you, especially to provide escrow services, but only after satisfying some strict regulations set by the CubeChain authorities to ensure they will not be able to manipulate any kind of activities that are to be done by the valued customers of CubeChain system. You will not find this feature in the traditional Blockchains as they do not support the intermediaries to act within their systems.
What Are The Main Benefits Of This Project?
The project offers a number of benefits for the stakeholders and the crowdsale contributors. The main benefits that the project is offering to its stakeholders and fund contributors are the following,
• The project is offering exclusive rewards for its crowdsale contributors by providing them with a better percentage of revenue;
• The users of the platform can be able to use the CubeON services through various portable facilities; like mobile applications.
• The POW, POS and POH facility is going to provide the customers with the power to check the integrity of the platform;
• The customers will be able to get a chance to perform their financial transactions through a 24 times faster Cube based network chain;
• Customers can trade through the platform (CubeON) in the P2P system, directly and efficiently, which they will not be able to find in any other Blockchain based system;
• As the platform has medical information facility, hence the customers will be able to find necessary health-related suggestions and solutions through a one-stop-service platform CubeON;
• The project has its own wallet system, hence the participants will not need to use any other wallets to avail all the facilities that the project is offering;
• The project has its own cryptocurrency system for its participants which is known as QUB and using such token they will be to avail all the facility of the platform just by paying a small amount of transaction charge.
Features Of The CubeChain Based Platform
The features can be shown by the following illustration,
CubeChain is a 4th generation project based on Cube based network chain. This project has all the potentials to reinvent the Blockchain system to make financial transaction systems more efficient and to create a versatile, multitasking platform interface where the users can avail all the ecstasies of the modern digitalized system. This is undoubtedly a unique project which will create a one-stop digital facility for the people all over the world.
Curious to know more about CubeChain and its platform please visit, http://cubechain.io/cubechain/ , and http://cubechain.io/cubeon/ .
Want to know more about CUBECHAIN project, feel free to visit the following links,
• Company Website: http://cubechain.io/
• Whitepaper Link: http://cubechain.io/cubechain/#paper
• Bountyhive: https://bountyhive.io/browse/Cube%20Chain
And to know what people think about CUBECHAIN please join and subscribe the following links,
• Twitter Pages: https://twitter.com/cube_chain
• BitCoinTalk Thread: https://bitcointalk.org/index.php?topic=3754152.0
• Telegram Group: https://t.me/joinchat/GpHbwQ3NGztrj8ZcwJjg_g
• Facebook Group: https://www.facebook.com/cubechain
• Github Pages: https://github.com/cubechainofficial/CubeChain
• YouTube Channel: https://www.youtube.com/channel/UCYDEC2HP8oVRXuKsAeUtrLA
• Reddit: https://www.reddit.com/user/cube_chain
• Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1273086
• IcoReward Username: wilsonsebastian359
• Bountyhive Username: kathrynSston