Why Bitquence?
Vision
Bitquence’s vision is to create a people-powered new economy services company that makes
the cryptocurrency market accessible and trustworthy to the average user, accelerating
adoption of blockchain technology and democratizing ownership of cryptocurrencies.
Team
While this is a massive vision, Bitquence has an experienced and enthusiastic team of who are
ready to make this vision a reality. The Bitquence team brings together a unique collection of
experts across cryptocurrency, distributed computing systems, mobile technology, and
broad scale consumer app development that has built multiple award-winning applications
and collectively powered over $1 billion in mobile micro payments.
Problem
The Bitquence platform is designed to tackle specific problems in the world of
cryptocurrency:
- Choosing between an ever-growing array of crypto currencies
- Understanding risk and quality across multiple coins and assets
- one-click diversification into multiple crypto assets
- A safe and secure mobile wallet that handles multiple keys
- Being able to easily transfer value across digital assets
Solution
The Bitquence team has mapped out a multi-year approach to building a scale platform that
will tackle these problems in a way that builds a powerful new ecosystem. At the core of the
vision is the Bitquence token, which will power the services and enable a new digital liquidity
network that will make it safe, easy, secure and free to transfer value anywhere in the world.
- The Bitquence Platform
There are hundreds, if not thousands, of different wallets out there for all of the different
digital assets and managing lots of wallets for each of your currencies is difficult. Here at
Bitquence we wanted to create a platform that could provide a powerful single point of
interaction with the new economy. This Next-Generation Digital Wallet will be the backbone
for our asset management and cryptocurrency services platform. The universal wallet will
allow us to bulk transactions together in order to increase liquidity and keep costs down for
consumers. This infrastructure also allows us to create a universal mobile payment system
for users who wish to transact in any currency instantly breaking down barriers towards mass
adoption in the industry. In this section we will outline the pieces of the Bitquence Platform
that will make it the most user-friendly way of buying cryptocurrency on the market.
The Bitquence platform is created out of several core technology components:
● Wallet & Liquidity Layer: This includes a centralized wallet management system
which links to the Bitquence Liquidity Network, created by the Bitquence token itself.
This links programmatically via API into major cryptocurrency exchanges. The
Liquidity Network will be decentralized.
● Bitquence Platform Layer: This includes a Community Consensus component for
rating individual tokens and cryptocurrencies on technical merit and quality. Ratings
will be assigned on the basis of ownership of those currencies within the Bitquence
platform. This will link to a variety of Dynamic Asset Allocations, eg the “coin baskets”
that users can buy and hold within the Bitquence platform.
● Cold Storage: The system will randomly synchronize with cold storage, which will be
in a secure location that is not physically attached to the internet
https://www.bitquence.com/wp-content/uploads/2017/05/BitquenceWhitePaper.pdf