The capabilities of decentralized cryptocurrencies are currently used by few people. All the power of decentralization disappeared with the advent of centralized exchanges. Exchanges are used not only as a place of cryptocurrency exchange, but also as multi-currency wallets. Centralized crypto-exchanges offer such conditions of use, in which it is really more profitable to store money on exchanges, and not to withdraw them there for exchange for cryptocurrencies or Fiat. High Commission for input and output, a long-time account replenishment and withdrawal of money simply does not leave other exit, and you have to keep on exchanges in significant amounts.

But this approach is not only contrary to the ideology of cryptocurrencies. Exchanges, especially without the ability to trade for Fiat, have almost no responsibility to customers. In fact, users transfer their money (Fiat and crypto-currencies) to the exchange account without any guarantees. The audit is not carried out, it is unknown whether all the “virtual” accounts of the exchange users are provided with real accounts, there is no information about the device of the site and the level of its security. Exchanges are not only periodically hacked and criminals steal money from there-some sites themselves draw the movement of the chart of the course and create “out of the air” orders.

There are also problems with scaling centralized services. Often, with a particularly active trading site exchange simply "falls".

Was it worth it to develop a decentralized currency to come to the likeness of centralized banks, but with even less security and convenience?

Of course, there are alternatives in the form of decentralized exchanges, which are devoid of all the above shortcomings, but there are also problems on such exchanges. For decentralization it is necessary to pay speed of performance of transactions and “throughput” of the exchange. For safety, you have to sacrifice speed and usability.

QURREX - centralized and decentralized exchange at the same time

The developers of the new trading platform QURREX offer not to choose from two evils, but to take the best of both approaches. At the initial stage of the platform's life, the Central server of the exchange will coordinate financial flows. As in decentralized solutions, the user's money will remain on the user's accounts until the transaction is completed - there is no need to transfer anything to the exchange's accounts. This is achieved by special multi-currency wallets and smart contracts.

Decentralization is achieved by creating a network of master nodes, which agree among themselves to perform operations. To raise the masternode, you will have to purchase the project tokens, so the number of master nodes will be limited, which will allow them to quickly agree among themselves. Paid content masternode with the Commission of the exchange.

To each masternode connect “nodes liquidity”, collecting orders users and freezing their funds. It turns out a three-level scheme that combines the security and scalability of decentralized exchanges with the convenience, speed of transactions and bandwidth of centralized solutions. Moreover, thanks to the hybrid implementation, the bandwidth is increased several times.

Money to create the platform team collects through the ICO, announced on the official website of the project qurrex.com. Interestingly, the developers didn't go the most obvious way is to make the tokens with currency platforms. This solution has a lot of pitfalls, starting with the inability to start trading without tokens, ending with the problems associated with the deflation of the domestic currency. Therefore, the purchased tokens give a discount on the use of services, and the discount amount depends on the number of tokens on the frozen account. That is, the purchase of tokens is beneficial to traders and brokers, as it will allow saving on commissions in the future.

Project team

Advisors

Partners

Conclusion

An interesting project that tries to solve the problems of the industry in non-standard ways. The developers, with a decade of experience in the development of centralized exchange systems, came to the conclusion that decentralization is the future, but the time of full decentralization has not yet come. When the technology will create a fast decentralized exchange, QURREX will be able to easily transform and remove the Central server from the scheme of work. At the moment, this platform is the most interesting solution in the market of trading crypto - currency services.

All additional information about the QURREX project can be obtained from official sources:

WEBSITE: https://qurrex.com
TEGERAM [NEWS]: https://t.me/qurrex
TELEGRAM [CHAT]: https://t.me/qurrex_chat
WHITEPAPER: https://drive.google.com/file/d/1klzZPHdjCBnurHCJjJbjwsed_5rx4W1U/view
TWITTER: https://twitter.com/qurrex
FACEBOOK: https://www.facebook.com/qurrex/
MEDIUM: https://medium.com/qurrex
REDDIT: https://www.reddit.com/r/QurrexOfficial/
GITHUB: https://github.com/Qurrex
ANN THREAD: https://bitcointalk.org/index.php?topic=2899211
YOUTUBE: https://www.youtube.com/channel/UCYAsSGdCEHA96fUJWWGDL5g

MY BITCOINTALK: https://bitcointalk.org/index.php?action=profile;u=1238493