QuickX Protocol (QCX) ICO Review
QuickX Protocol is a decentralized social networking platform that is putting users privacy and satisfaction as its first priority. It is an innovative approach towards transparent and independent means of user data ownership, reward on ads and free of speech. It is the first get paid to content creation and sharing ecosystem that leveraged OCR token payments for its reward system.
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|Token Name||QuickX Protocol|
1 QCX = 0.0001333333 ETH
More about QuickX Protocol (QCX) ICO:
QuickX is a novel protocol designed specifically to cure the many fatal flaws that plague Blockchain and Cryptocurrencies today. It performs transactions off the chain for same Blockchain assets and utilizes pooling facilitators who supply liquidity for cross chain transfers of crypto assets. Through this, it accelerates the transaction speed greatly, dissolves the interoperability problem between different Cryptocurrencies, relieves the transaction fees and also solves the issue of scalability. No more prolonged waiting times; with QuickX, it is now possible for you to make instant transactions for all your Blockchain assets.
QuickXis an innovative decentralized platform that is intended to provide effective solutions to some of the critical problems with blockchain technology such as time, cost, scalability and cross transfer of blockchain assets while making cryptocurrencies suitable for mass adoption in day-to-day transactions and provide solutions to enterprises.
QuickX provides transfer of different cryptocurrencies between two parties instantly just like any other traditional electronic transfer mechanism. Thus allowing transactions to happen seamlessly and instantly without user having to pay a high network fees as it is taken care by the pooling facilitators in the network who facilitate the cross-chain transactions to take place instantly!
QuickX features a multicurrency wallet, a multicurrency debit card, a cryptocurrency swap option, and a payment gateway using Quickx Protocol, which make cryptocurrencies suitable for the masses for non-virtual world transactions.
Although it is unlikely, that blockchain ecosystems will replace traditional banking system altogether in the near future, they represent a significant threat to the traditional banking system.
QuickX SDK and tools available for different wallets to implement and use features of QuickX protocol
Partnership with more card providers in different Countries to increase user base
QuickX is a product of the parent company Secugenius, which is a renowned cyber-security company. that provides effective and reliable information security services. They have received numerous honourable mentions across various media channels and have been bestowed with many prestigious awards, which includes award for innovation by Vice President of India, also secugenious was listed in top five cyber security and top five cyber forensic companies, in 2015 and 2016 respectively.
QuickX overcomes this problem by setting up a decentralized off-chain transaction network where cryptocurrencies can be instantly transmitted from one person to another. Transaction facilitators maintain the off chain order book and charge a next to zero fees for maintaining the records. Pooling facilitators infuse the necessary liquidity into the ecosystem while facilitating the crosschain instant fund transfers, which makes the backbone of the Quick X’s interoperability
Demand for the blockchain technology has been tremendous ever since its introduction in 2009 with Bitcoin. This drive towards decentralized systems has resulted in many different public and private blockchain protocols developed for various purposes. However, these blockchains operate within themselves and currently, there is no effective way to communicate and interact with different blockchains. Quickx sees this situation as similar to how different intranets operated within themselves prior to the internet was created. Just as TCP/IP protocol enabled connecting different intranets to form the internet, which has made a huge positive impact on human lives, Quickx envisions that connecting different blockchains could bring similar benefits to the world.Quickx proposes a new protocol that overcomes the various critical problems with blockchain technology such as time, cost, scalability, and cross chain transfer of blockchain assets while making cryptocurrencies suitable for mass adoption in day to dayday-to-day transactions. Quickx solves these problems by building a decentralized platform that provides a solution to time, cost, and scalability by doing the transactions off the chain for same blockchain assets and having Pooling Facilitators who are providing a liquidity pool for cross chain transfer of Crypto Assets. connects different blockchains through an off-the-chain mechanism enabling instant transactions between different blockchains. Quickx makes use of Payment Channels and Hashed Timelock Contracts (HTLC) to solve the double spending problem with no requirement for a settlement to be added to the blockchain. Connectivity for Quickx is provided by Pooling Facilitators (PF) who function as payment hubs on individual blockchain transactions and liquidity providers for cross-chain transactions.In essence, Quickx not only connects different blockchain protocols but also overcomes the inherent weaknesses of the blockchain technology with its instant execution and next to zero transaction costs. This whitepaper details how Quickx works, its ecosystem components and the potential benefits to the users, which would make blockchain technology suitable for mass adoption in day-to-day transactions.Abstract
Inter blockchain transaction capability
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