Quanta Decentralized Cryptocurrency Exchange: Better Tools?
As digital exchanges evolve and improve, user issues that either bolster or hinder the exchange are being addressed with ever greater efficiency. Quanta’s ICO centers on the launch of their dynamic exchange with lots of benefits for users.
Playing on the phenomenon of the quantum world, where “an unimaginable number of particles move at the speed of light and all kinds of energy interact every instant,” the company is aiming at ironing out a host of earlier snags users encountered when trading digital currencies, such as speed of use, real-time response and security.
Quanta (quantadex.com) is a next-generation, hybrid, decentralized cryptocurrency exchange. Speaking directly to user experience that has often been less than optimum on earlier exchanges, the platform will enable up to 4.5 million transactions per second.
Transactions are also saved on the blockchain, making Quanta’s servers no target for any personal data or currency hacking attempts. Quanta seems to have an impressive list of credentials, with team members from eBay, Google, Investor.com and PayPal. Feting the experience of having built big, globally scalable products for many years, the core team is presenting a polished offering that represents an improvement on existing exchange models, or at least an enhancement of them.
According to the company website, “Quanta's on-chain settles in record time of 3s per block and our off-chain matching engine delivers over 4.5m tx/sec with end-end signature verification.” In simple terms, the exchange is super-fast and fluid, and highly secure – all things that users value. The company says that the exchange has been “Built to be the fastest and most secure exchange in the market.”
Why is Quanta Better?
By storing off their servers, Quanta has enacted what a number of older exchanges are now looking to implement. Although the prospect of phishing attacks is omnipresent, user experience of security is as tight as it can be on the Quanta platform. The exchange is also aiming at the fastest transaction speeds available, a big consideration for modern fintech users.
What is Quanta’s Offer?
Quanta offers traders a seamless platform, optimized for user experience, and is inherently optimistic about the growth of cryptocurrencies as an asset class. In a nutshell, Quanta is a digital exchange that offers a new, hybrid, sleek platform that hopes to best legacy exchanges in speed and security.
Zero performance restrictions, security and reliability are the key focus points for the development team. Looking to entice users of centralized exchanges, where coins on offer are typically far more than those on decentralized exchanges, Quanta is offering users the full range of trading possibilities, while running on a decentralized exchange, giving users the best of both worlds.
How Does It Work?
Quanta offers all of the facilities of a typical modern digital exchange. Unlike many others, however, after registering users maintain their own currency wallets and employ the exchange with a single point of contact, providing high security and autonomous management of held funds. By employing the BIP38 security protocol, users’ assets enjoy the best protection possible.
Who Comprises the Quanta Team?
The company website simply lists “Google, PayPal, eBay, Netflix and Investor’s Business Daily” as the “Founders, Advisors & Team.”
Where Is Quanta Based?
No company information is given on the website as to where the company is based nor how it has been incorporated.
When Did Quanta Commence Operations and What Is the Timeline for the ICO?
No information is available as to when the company first started operations and although the website has an infographic outlining a roadmap towards final token issue, no dates are given for the various milestones anticipated.
Signing up with Quanta, at this stage, is one huge potential risk as so much essential information is absent, no matter how slick their presentation. No thinking person would engage them until basic company information that includes faces and names have been made available.
While one can sympathize with the developers who built the site around the ICO, as it is succinct, brief and easy to understand, that is no substitute for mandatory transparency and the divulging of necessary information in the business world, even the cryptocurrency business world. Quanta is anonymous and thus untouchable for any thinking investor.
A potentially nice addition is that the first 100k users will be rewarded with a $250 bonus. Users also pay 0 percent fees initially, up until a certain cut-off point. These are either really attractive offers or classic bait from cybercriminals. Even the company whitepaper is an exercise in minimalism that has no place in a whitepaper for an ICO.
Also, when one considers that Visa is something of a benchmark protocol and can process just over 50,000 transactions per second, Quanta’s claims of being able to facilitate 4.5 million transactions a second seem dubious at best.
Assuming that this is a legitimate ICO and a legitimate exchange that has genuine ambitions to become the standard for virtual exchanges, the growth prospects look good and users would theoretically do well to get on board at this early stage. That said, it is all hypothetical until the company becomes more visible and identifiable and puts out a far more detailed timeline on the ICO.
Quanta Decentralized Cryptocurrency Exchange Conclusion
Quanta seems to have emerged as a sleek response to user issues on digital exchanges. The concept addresses many previous hassles and is ambitious in its aims. Assuming Quanta actually exists, it should become the default exchange for many, meaning great growth and great profits.
Until such time as far more verifiable details are available online, however, it cannot be recommended that anyone part with any of their money to join Quanta, period.