The introduction of bitcoin and its underlying blockchain technology by the last quarter of the year 2008 by the mysterious “Satoshi Nakamoto” heralded a new era in the world financial system. It signified the need for a paradigm shift from the traditional fiat currencies to digital/computerized currencies otherwise called cryptocurrencies.
Cryptocurrencies are virtual money/assets that are of esteem value and can be used for exchange or trade. With the introduction of cryptocurrencies came the need for platforms where these currencies can be traded and exchanged. This gave rise to digital currency exchanges which the writer will henceforth refer to just as “exchanges”.
The earliest form of exchanges that were created was centralized exchanges. However, with time, these centralized exchanges proved not to be good enough as it was not fully secured, charged high for transactions and trades, and so many other cons. There was the need for exchanges where the users had control of their wallets, cheap transactions and which are decentralized. This brought about decentralized exchanges.
Decentralized exchanges, despite being seen as a messiah of crypto trading in the recent times has not been fully embraced by most cryptocurrency users and traders due to some of the following reasons:
• Far too slow transactions: most Dex are far too slow as transaction rate is 14-21 transactions per second.
• Not fully decentralized: a majority of existing dex are not fully decentralized as they exert some centralized features and charge high cost of transactions.
• Lack of shared liquidity: usually, liquidity is low in dex. This is made worse by the fact that the current dex’s run on a particular smart contract of a particular exchange and cannot run on other smart contracts or blockchains, therefore, an exchange cannot be made between these smart contracts.
Quanta decentralized exchange is a modern decentralized exchange which intends to improve on the features of existing dex’, hence, they are coming up with a formidable, functional and efficient decentralized exchange fit for the modern age. Some of the features of the Quanta decentralized exchange are:
• Security: Quanta dex is secured, this is due to on-chain order book which improves and prevents tampering of data. Cross chain transactions are managed by blockchain and this improves security.
• Unbounded data growth: Using proper indexing and compaction on both cloud and local storage, Quanta support unlimited storage.
• Liquidity: Quanta blockchain connects illiquid tokens on a fast, scalable digital assets trading platform. This is achieved by solving the problem of liquidity, throughput, and cross-chain.
• Stable fees: Fees are stable and this is a good system
• Low cost: transactions will be carried out at a low cost and this will attract many crypto users and traders
• Staking: this enables stakers to earn from fees redistribution.
• Interoperability: the Quanta blockchain supports cross-chain transactions
See whitepaper for more details here: https://quantachain.io/#whitepaper
Quanta dex distinguishes itself from other decentralized exchanges on the facts that it is enabled cross-chain transaction and allows operates at a speed of 5m transactions per seconds or less in less than I minutes latency. This is super fast. Indeed Quanta is set to bring about a radical change in decentralized exchanges by becoming the leading decentralized exchange as soon as launch. Indeed this project is revolutionary and viable. It is one that every crypto investor must invest in. it has a very bright future and will certainly excel beyond leaps and bounds. More information can be gotten from the website here: https://quantachain.io/
Quanta decentralized exchange has its own base currency called “QDEX”. QDEX is an ERC 20 token, built on the ethereum blockchain with a total supply of 400,000,000. Total token to be sold during ICO is 88,000,000. Unsold tokens will be burned. The price is $0.3 with multiple bonuses and discounts at various levels. The soft cap is $2,000,000; while the hard cap is $20,000,000 all in USD. The minimum purchase price is $200. Token sale starts September 18, 2018. However, whitelisting for the token sale is on, why not join whitelist now and be an investor in his awesome project. You can join whitelist here: https://tokensale.quantachain.io/register?trk=1bff6e
For information about the team, project, and crowdsale please visit: https://quantachain.io/ or https://quantachain.io/#whitepaper
In summary, the Quanta decentralized exchange is one in a million. It is a revolutionary exchange project which brings a paradigm shift from the current practice to what it really ought to be. It brings into reality an exchange that everyone has been yearning for. It is fast, efficient and offers cross-chain transactions. This is really a good time o invest in his awesome project. For me, I am joining the whitelist here https://tokensale.quantachain.io/register?trk=1bff6e I don’t know about you. Don’t take my word for it, please do your research. You can visit the website or whitepaper https://quantachain.io/ or https://quantachain.io/#whitepaper
This article was researched and written by Godspower Chikwendu
BountyOx Username: obiobi