Quantachain a Decentralized Cross-Chain Crypto Exchange

dprincebh (25)in #blockchain • 6 years ago (edited)

As the crypto market keep grooming, all what we wanted is to have a secure and fast Exchange for Digital Currencies. The crypto market have seen a huge growth early this year and the need for more facilities and features is required to perform a good and successful transaction without delay or lag due to the fact that more people are getting more interest about Blockchain.
The only two type of Exchange whe have are Centralized and Decentralized Exchange in which we are provided with limited functionality as well as limited control. Centralized Exchange have taken 99% of the total market volume while Decentralized Exchanges are left with just 1% of the total volume, but also Decentralized provides more security than centralized due to the fact the users are of full control of their funds in the Decentralized Exchanges Ecosystem. Centralized Exchange enable users to trade token from one blockchain to another blockchain, while Decentralized allow only Exchange of tokens within a single blockchain (i.e smart contract) which could either be Eth, Neo, stellar and others. The major problem with Decentralized exchange is lack of liquity/volume and that's why QuantaDex also know as Quantachain is built.
Other major problem facing Decentralized exchange are;

Slow Transaction Execution; With the current Decentralized Exchanges we are having, there is slow in processing transaction. The current Decentralized Exchanges can only process transaction ranging from 14 to 21 transaction per second.
Pair smart contracts.
Off-chain order books.
No order books such as in Kyber and Bancor
No usable, subsecond solution
Lack of shared liquidity
Limited pool of liquity, limited order book as well as limited set of token pairs.

Why QuantaDex

Quantachain is Blockchain 3.0 a decentralized Exchange which aim to provide instant liquidity for millions of tokens, providing Maximum security, on-chain order book, distributed memory ledger and a unique variant of dual ledger Byzantine fault tolerance consensus. Also implementing an on-chain order machine capable of processing 5 million transaction per second.
With the current Decentralized Exchanges been capable of transacting a range or 14 to 21 transaction every second, Quantachain will be unique as it is able of transaction 5 million transaction every minute, with this feature users will not experience delays while using QuantaDex. QuantaDex will provide a high secure environment for the users in which any part of their data could not be tamper as of all data are in the blockchain, there will be an unlimited storage for data by using both local and cloud storage. The Quantachain uses multiple smart contract with different blockchain in which users can transact or trade between a token of one blockchain to that of another, this will bring a high liquidity, a shared liquidity between different token pairs. With this cross-chain Ecosystem in which a users may be able to exchange between a Stellar or Neo token to Ethereum token on a decentralized exchange or vice versa, the problem of low liquidity of decentralized exchanges is been slove due to the fact that more volume will be acquired through all the blockchain.
Quantachain will provide lower cost of transaction as well as stable fee and also the process of routing orders. The BFT-base Algorithm will provide a stable fee for the platform due to the fact that the throughput of the system is not bounded by the cost of heavy CPU computation. The process of routing order, QuantaDex will automatically route orders for token which could be entered up to N hopes. Let assume a pair token pair A and C have no orders and token A and B as well as B and C have orders. QuantaDex will automatically route orders for the The pair A and C

QuantaDex Token (QDEX)

QDEX is an ERC-20 token with a limited supply of 400 million tokens in which no token will be created after all. QDEX ERC-20 will be issues for sale before the native token is been created in which users will be able to stake and get rewarded, staking reducing circulating supply in which it also improve the stability of QDEX. QDEX will serves as a utility token the the QuantaDex Exchange, it will be use for staking, reward as well as for the payment of fees. More than 33% of the QDEX tokens are set aside for community rewards and incentivizing our blockchain economics. A portion of the tokens will be used to incentivize and also 22% for sale in all phases which include private, presale, and crowdsale sale of the the tokens.