Cube chain - Blockchain 4th generation. This is how the creators describe their project. Let's see if this is really the case and what are the prospects of the project. Can this technology become a "killer of a blockade"?
The project is declared, as the finalized Block, with even more enhanced encryption.
First, let's figure out what kind of blockage is and by what principle it works.
Blocker - or the English version of Blockchain (block - chain, chain) is literally translated as a chain of blocks. Each block contains information, and their copies are stored on computers (most often not connected to each other). Blocks go one by one, the information in them is updated for all computers on the network. Until the block is filled with information, the next record will not start.
At the moment, Bitcoin is using this technology, the banking sector is actively interested in it.
This technology has obvious disadvantages:
Transaction speed
The high cost of the transaction
The ever increasing complexity of processing blocks.
Cube Chain and its advantages.
Cube chain instead of linear block processing technology, offers to combine them into a cube, with the help of briquettes that will contain 9 blocks, in total it is planned to create cubes from 3 briquettes. And addition, 27 blocks. 24 blocks with information and 3 blocks in each briquette, which perform administrative functions.
Each created cube forms its own hash, with which the cubes will be connected to each other.
Ultimately, we get a more advanced encryption system and 2 stages of data validation (the first one at the stage of arranging blocks in a briquette, and the second at the stage of joining cubes).
This technology can be used everywhere, imagine what interest will be brought about by an improved block system, with bugs fixed in it. Cube Chain will be useful in any field where you need to store and process information. The banking sector, hospitals (medical cards, information about medicines and prescriptions), legal companies are all potential users of Cube Chain.
The project team
The project also bribes its team, the team is very experienced developers, already with gray hair :), which increases the level of trust. The CEO of the company, for example, has more than 20 years of experience in the development and creation of information networks.
As you might have guessed, the project comes from South Korea, which is certainly a huge plus. The Asian market is developing very dynamically, many projects have already fired from there, most recently the Japanese startup made 16x, and the Chinese 22x from the price during the ICO. A huge proportion of investors are the Asians.
Besides this, another huge plus is the fact that Cube already has successful projects in development: Cube Medical, Cube AsiaPacific, OJworld. That is, it is likely that we have a future network of successful projects. The team constantly visits various technology conferences, with the presentation of their product.
Nearest conference: http://cubechain.asia/
The course of the ICO.
Closed sale for private investors has come to an end. At the moment there is a public sale. A total of 12,000,000,000 QUB coins will be sold. Public sale will be held in two stages: the first stage will last from May 30 to June 15, and the second will last from June 20 to June 30. I draw your attention that during the first period the price of 8000 QUB will be 1 ETH, and during the second one for 1 ETH you will receive 7200 QUB. The minimum investment size is 0.1 ETH.
Summarizing, is it worth investing in the project money
Answering myself to this question, I say yes. The project has an excellent team, successfully completed the stage of a closed sale. The idea of blocking with fast transactions, increased protection and not a big payment for them, used to sound like a utopia, these people will help make this a reality. Also, the plus is not enough big softcap, just 3750 ETH, that is reached
Soft cap: 3750 ETH REACHED
Hard cap: 37500 ETH
Token Name: QUB
Price during ICO: 7200 QUB = 1 ETH
Company website: http://cubechain.io/
Twitter: https://www.twitter.com/cube_chain
Telegram: https://t.me/cubechain