QuickX is a new payment protocol that plans to complete crypto transfers, which is fast and secure
Digital money is becoming a widely used source of payments in many countries. We've all heard that one day they will be able to replace traditional payment channels, like banks and a debit / credit card network.
However, today card providers such as Mastercard and Visa handle more than 150 million transactions per hour, which is much more than any block system can handle today. The reason lies in the fact that the system of crypto-currency transactions needs confirmation. Basic transactions with coins, for example, Bitcoin, Ethereum, Litecoin, depend on the confirmation of the block chain for verification. As a result, the process of sending and receiving a payment takes a long time. Nevertheless, they become a new source of payments in a number of retail chains.
QuickX is a new payment protocol that plans to solve crypto cross-transfers, which are fast and secure. The project takes care of all the above problems, performing transactions outside the network and using liquidity for payments with cross-chains provided by pool members. Patented QuickX technology will allow users to instantly pay for digital assets, since there will be no dependence on the miners.
The order book Off Chain to complete thousands of transactions within a few seconds will be facilitated by transaction intermediaries and pool members. The transaction facilitators store entries in orders. They will approve transactions in the likeness of conversion from ETH to EOS or TRX to ETH. QuickX claims that it provides the cheapest, almost zero transactions that are instant and safe. A truly decentralized solution for interchain settlements. Transaction operators maintain a basic order book and charge a nominal fee for maintaining these records. They approve of such transactions as conversion from ETH to EOS or TRX to ETH. Transactions are concluded in a chain of bonds. Only after the trade is completed, is the calculation of the chain.
QuickX plans to launch a multi-currency debit card, a multi-currency purse, a payment gateway and a service for exchanging crypto-currencies for a zero fee. QuickX is a project of Secugenius, a company based in India. The company was included in the top five best startups in the field of cyber security according to Silicon India. QuickX will release the Ethereum ERC-20 (QCX) to collect resources for the development of the QuickX platform. 250 million (50%) QCX tokens will be sold in the upcoming ICO. The estimated price is set at around 1 ETH = 7500 QCX tokens. The ICO details and the QuickX platform roadmap are described in the technical documentation on the personal website and in the company's Telegram group.
QuickX offers the following advantages over the Comit4 network, which is trying to achieve a similar mission using liquidity providers that form a network of transactions outside the network:
• A larger pool of liquidity, with a suitable reserve, qualifies as a pool, while maintaining a decentralized nature of the platform.
• Pool managers can provide services to other pool mediators, which leads to greater efficiency.
• Faster transaction execution with an intuitive and user-friendly interface.
The QuickX crypto-debit card allows the user not just to increase the value of money invested in various crypto currencies, but also to spend them while on the move. With this card, the user spends crypto currency in the same way as the fiat. The road map of the project is really huge. By the fourth quarter of 2018, the team will introduce the iOS version of the multi-currency purse. By the beginning of 2019, the range of working crypto currency will significantly expand. By the second quarter of 2019, the alpha version of the Quickx protocol will be launched with a full release by the fourth quarter. By 2020, each user will be able to exchange Crypto-currency using the Quickx protocol.
More information:
Website: https://www.quickx.io/
Telegram: https://t.me/quickxprotocol
Twitter: https://twitter.com/quickxprotocol
Facebook: https://www.facebook.com/quickxprotocol
By titadamay
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