QUANTA Foundation, Ltd is a registered Singaporean company (UEN: 201814412H). The core team is based out of Silicon Valley - Santa Clara, CA, with an extension team in several countries. Board of Directors: Quoc Le (USA), Afonso Barbosa (Portugal), Lim Pei Shan (Singapore) Board Secretary: Wong Chak Yan (China) Our mission is to develop, promote, protect, and standardize the QUANTA system.
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Lighting fast and secure decentralized cryptocurrency exchange.
Quanta (noun, plural for quantum)
“Any of the very small increments or parcels into which many forms of energy are subdivided”
Cryptocurrencies has exploded in the past few years, reaching its peak over $700 Billion dollars in valuation. Coupled with its growth are alt coins, which are intended to solve many other problems such as security, privacy, scalability, cost, or specific domains such as IoT, business, mobile, etc. As of this writing, Bitcoin makes up only 33% of a total $585 Bil market cap, wherein the rest are made up of thousands of other altcoin cryptocurrencies. (1) There are dozens more ICO every month. It is clear that cryptocurrency has democratized investment, and more and more startups have chosen to raise money for their idea through cryptocurrency. We believe in the center of this new world economy, a cryptocurrency exchange will play a critical role.
Cryptocurrency exchange currently is dominated by legacy companies such as Bitfinex, Bittrex, Poloniex, GDAX, and Binance. Though security has gotten a lot better in the days of Mt Gox, it is not without its imperfection. Hacking incidents, whether it’s from internal and external, are a constant threat. Just to name a few recent hacks, in 2016, $72m were stolen from Bitfinex, and in 2018, $400m were stolen from CoinCheck. The inherent flaw, as many have observed is that traditional cryptocurrencies exchange are centralized, which are managed by transactional databases.
Centralized databases are inherently weak, in that, if single person have access to it, can re-write the any user, trade, and balance records. In other words, records are mutable which makes auditing a challenging problem. Recently, decentralized exchange has been on the rise such as Waves, and 0x. The security problems go away in decentralized exchange (DEX), however most of them limits to trading its own tokens such as only ERC-20 tokens and have its own performance limitations. For this reason, many users still prefer centralized exchange for more cryptocurrencies choices. We intend to introduce a solution that is both DEX, with all the security benefits, and still offer wide range of cryptocurrency choices.
Reliability is often an issue with centralized exchange. During heavy trading time, some exchanges become inaccessible for a period of time, causing trading loss. In centralized exchange, the configuration tends be much more complex, and the recovery time such as a database failure requires a lot of time to manually recover. Decentralized exchange benefit from the ability to deploy a new node with minimum amount of configuration, and it begins to synchronize and contribute to the network immediately. There’s no central authority which means there is no central point of failure. A single node failure does not impact the accessibility of the network. Our decentralized solution will address the much needed reliability issue with cryptocurrency exchange.
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Sign up link: https://goo.gl/KMS4Co
Share and earn $50.0 per every user that registers through your referral URL