Qurrex is the first hybrid qryptocurrency market in the world which uses blockchain technology in a sheaf with centralized nodes. The project was created having an ambitious aim to decide the problem with limited liquidity on the decentralized trading platforms and to provide the necessary speed of working which is comparable with the traditional stock markets.
Qurrex is based on the using blockchain for the recording the data about all warrants which are sent by as well through centralized as independent network segments. From the point of view of the developers, such scheme will help the sellers and buyers to find the most advantageous reciprocal orders.
Traditional cryptocurrency markets have a lot of disadvantages which are actively discussed for a long time already in different communities. This theme is actual since the beginning of 2014, when the largest cryptocurrency market named MT.Gox announced about its bankruptcy after a big amount of hackers attacks and disappeared with the dozens of thousands of users deposits. At the year of 2017 another market named btc-e had a problem connected with FBI investigations of the money legalization scheme using bitcoins. During several weeks the market was able to recover all data and work using new servers, but a huge amount of user’s money had irrevocably been lost, which make the rating of the market seriously decreased.
Decentralized cryptocurrency markets are theoretically relieved from such problems. A lot of nodes, which support the network workable, are functioning separately from each other and fixing all of the blockchain deals that provides the high protection from any attacks. But such markets have two very serious problems. The first one is the delays of transaction approvals which are measured by seconds sometimes. The second one is a low level of liquidity. But the Qurrex developers think that the hybrid appliance will be able to decide these problems.
The main principle of Qurrex work is the existing of two types of nodes such as centralized nodes and independent nodes. According to whitepaper of the project, centralized nodes called CEX are used as the liquidity pool and stabilize the changing of loads in the network. These nodes, like an independent nodes sent the information in blockchain and in fact, work on common rights. Besides, the centralized nodes are used for the working with deposits and present the additional possibilities aren’t connected with the trading. Decentralized nodes, called DEX are used as independent pools of liquidity. They change the information with each other from its order lists and find the most advantageous variants for the deals realization.
All information about trading are recorded in blockchain. The developers announce that the bandwidth of hybrid cryptocurrency market will be about seventy thousand transactions per second with the minimal delay of 650 microseconds. The platform will also be able to support several millions of connection at the same time without productivity decreasing. Such characteristics let the platform be in the same row with NASDAQ, NYSE and other huge cryptocurrency markets. But it is necessary to notice that these indicators are still only in theory.
The Qurrex developers created a lot of wide functional possibilities. In plans of creators of the platform is the construction of the whole ecosystem which will cover all of aspects of working with cryptocurrency. Qurrens also has plans to work with another trade platforms and institute investors and brokers. As a result, this market will be suitable not only for private traders, but also for the financial companies. After crowd sale that was from February to march of 2018, the creators want to finish all of the works by the end of 2019.
Token Sale: is active until 30 Jul
Token Ticker: QRX
Token type: ERC20
Public Token Price: 1 ETH = 340 QRX +80% AIRDROP
Total token for sale: 55,000,000 QRX - all unsold will be burnt
Total token for pre-sale: 17,000,000 QRX
Accepts: ETH,BTC,LTC
Total Tokens: 70,000,000 QRX
More information & recommendations:
Qurrex Website https://qurrex.com/
Qurrex Twitter https://twitter.com/qurrex/
Qurrex Telegram Chat https://t.me/qurrex_chat
Qurrex Telegram Channel https://t.me/qurrex
Qurrex Bitcointalk https://bitcointalk.org/index.php?topic=2899211
Qurrex WhitePaper
Do take note: anything written in this article is not an investment advice, you are to do your own research and due diligence. The writer owns cryptocurrency and may be bias to certain crypto projects.
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