QUICKX REVIEW
An undeniable, superb invention, blockchain was the ingenious idea of Satoshi Nakamoto. According to Don and Alex Tapscott, authors of Blockchain Revolutions “Blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but everything of value.” Blockchain was created to power the Bitcoin cryptocurrency. But since its inception, it has developed into a whole new technology entirely that can be applied to almost all aspects of life. By allowing for a decentralized means of data storage and distribution, the blockchain offers immense potential. Anyway though, in as much as business pundits have labeled blockchain the panacea for the digital economy and have been tipped to replace the financial banking system, blockchain technology has shown limitations that have questioned its enormous potentials. These limitations include low transaction speed, increased cost, and issues of scalability and interoperability. To address these limitations QuickX platform was introduced.
●Off-chain transactions
●Transaction facilitators
●Pooling facilitators
●Multicurrency Wallet
❏Off-chain Network: The off-chain network solves the problem of low speed. In the normal on-chain network, before a user transfers a particular cryptocurrency, such as Bitcoin, the user waits for about some minutes to hours, until the transaction is confirmed by the blockchain. With off-chain networks, this is not the case. The off-chain network makes it possible for transactions to be executed within seconds. QuickX achieves this via a protocol which ensures instantaneous completion of transactions. Off-chain networks will also offer instant payments because users won’t have to wait for miners to confirm their payments.
❏Transaction Facilitators: As the name implies, the role of transaction facilitators on the QuickX platform is to facilitate the smooth and fast execution of transactions. They are responsible for maintaining the order book of the off-chain network. They are also responsible for approving already negotiated and completed off-chain transactions.
❏Pooling Facilitators: Pooling facilitators are mainly responsible for offering interoperability. The uniqueness of QuickX platform as a cross-chain network is centered on the pooling facilitators. Pooling facilitators ensure that cross-chain transactions among various blockchain networks such as Blockchain and Ethereum are executed swiftly via the use of a liquidity reserve.
❏Multicurrency Wallet: QuickX multicurrency wallet makes it possible for QuickX users to easily convert any QRP-compatible blockchain asset to another cryptocurrency when needed. The wallet offers secure storage of cryptocurrencies and also supports both cryptocurrencies and fiat currencies. The wallet also gives users the freedom to send and receive funds quickly and effortlessly. Another amazing benefit of the multicurrency wallet is that it comes with a debit card. The QuickX crypto-debit card is a physical, international debit card which can be used to carry out cryptocurrency transactions either online or offline. This debit card works just like an ATM card and gives users the freedom to withdraw their cryptocurrencies in fiat currencies.
The QuickX token, with symbol QCX, is the native cryptocurrency of the QuickX platform. The ICO(Initial Coin Offering)/ token sale exercise is underway and the QCX token value has been pegged at:
7500 QCX = 1 ETH
The QuickX token is the currency medium for the execution of transactions on the QuickX platform. Before any transaction can be completed, be it on-chain, off-chain or cross-chain, transaction fees have to be paid in the form of QuickX tokens.
The QuickX team is made up of individuals with experience in various aspects of technology, ranging from cybersecurity, financial analysis, blockchain architecture and software engineering, just to mention a few. Members of the team are seasoned professionals with proven entrepreneurial skills.
The role of the advisors can never be over-emphasized and the team relies on them for expert advice which often plays an instrumental role in determining the success of the QuickX project. The team has as advisors, entrepreneurs, and experts with a wealth of experience in their respective areas of expertise. A brief of their profiles is shown below:
By providing for efficient cross-chain transactions, QuickX meets a need which has long been left unattended to in blockchain technology. And by its multicurrency wallet and debit card features, QuickX is well suitable for the masses. The success of any project is largely dependent on the team behind it, hence, it is safe to infer that the QuickX project bound, not only for success but also, extensive adoption and implementation.
WEBSITE: https://www.quickx.io/
TOKEN SALE: https://www.quickx.io/register
WHITEPAPER: https://www.quickx.io/whitepaper/QuickXProtocolv1.7.pdf
TELEGRAM: https://t.me/quickxprotocol
TWITTER: https://twitter.com/quickxprotocol
FACEBOOK: https://facebook.com/quickxprotocol
MEDIUM: https://medium.com/quickxprotocol
YOUTUBE: https://www.youtube.com/channel/UCkYu-Dn1O3tRe9Z4ao-snkw
btt: KINGIGOLO
BTT LINK: https://bitcointalk.org/index.php?action=profile;u=1416347
WALLET: 0xbb4A41f3C43dDEc07Db17dE0f1D3E88FD6235246