Qurrex. Next Generation Cryptocurrency Exchange

Qurrex project represents a large-scale exchange which specializes in digital currency and is based on blockchain.

Despite the fact that we are using the digital technologies for many years already, this field has some problems. One of them is a problem of limited currency liquidity on the exchanges, slow operation and big commissions for the transactions.

What possibilities for the network does the blockchain provide?

As has already been mentioned, this project is blockchain-based. The blockchain allows to effectively store and transfer information within a single ecosystem. All actions are recorded in one sequence of blocks and can never be erased. Besides, orders that are conducted both in a centralized and decentralized network can be registered there.

Thereby, the created network will be suitable for a lot of users. Within the network, they will find only the best offers and will conclude only safe deals.

The problem of the currency exchanges’ security is especially relevant. The specialists have been searching for effective ways to protect users’ assets for four years already. It is related to the fact that in 2014 one of the largest exchanges went bankrupt due to multiple cyber attacks. After that, none of the users could get his money back.

An effective solution for digital technologies

Another situation happened last year when the FBA initiated a case regarding bitcoins launder on one of the major exchanges. All these cases are a result of well-prepared fraud, against which the highest standards of protection must be provided. Because if the exchanges can recover from the attacks, then the users almost don’t have any chances to receive their money back.

All the above-mentioned problems concern centralized exchanges which are quite unreliable nowadays. Moreover, witnessing the era of digital technologies we can use them to achieve higher standards of work. The decentralized systems don’t have a single center and accordingly, they cannot be controlled by anyone. Each participant can independently dispose of his personal data and assets.

Separate nodes will be controlling all the processes within the project’s network. Note that they will form a single system but at the same time they are not in any way interrelated.

Someone, when reading this material, can think of a time when he tried to use such an exchange and still faced some problems like big commissions for transactions and low currency liquidity. But this project will have different standards of work as it will be of trading platforms’ type.

How does it work?

Within the project’s ecosystem there are two types of components:
● centralized nodes
● independent nodes

These nodes are used to process a part of the requests. That’s why we can consider them as so-called liquidity pools. Moreover, their independent work allows to effectively reduce the network load. While the nodes are exchanging information, the best offer for each user is selected. Thereby, the human factor is excluded from the trading process and all actions can be conducted in a secure environment.

According to the project’s creators statement, the exchange's throughput will be more than seventy thousand deals a second. It means that millions of users from all over the world will be able to use the network and don’t worry about possible delays or cancellations of the transactions. But the developers are not going to stop as they plan to combine the created platform with other trading platforms and brokers.

More information:

Website:   https://qurrex.com/
Bitcointalk:  https://bitcointalk.org/index.php?topic=2899211.0
WhitePaper :  https://drive.google.com/file/d/1klzZPHdjCBnurHCJjJbjwsed_5rx4W1U/view
Telegram:  https://t.me/qurrex
Twitter :  https://twitter.com/qurrex
Facebook :  https://www.facebook.com/qurrex/

Author: saycryptohello, bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1336255