About KubitX
About KubitX
KuBitX is the embodiment of the idea of what currency exchange should be. Even at the beginning of the development of block-technology, it is said that currency exchange, withdrawal and other operations with coins will differ in speed and cheapness, but, as always, in the hands of speculators, each yarn is worth its weight in gold.However, thanks to hard work, the project team will create a stock exchange, thanks to liberal commission policies, easy-to-use functionality, transaction speed and localization, will be able to obtain the number of operations required for the implementation of currency cryptoes: a decentralized P2P market crypto, everything is transparent and does not require any special knowledge to use.
As if not holding on to fiat fiat fiat places, the fact remains: the future behind the crypto currency. And this is not just a positive statement, but the objective reality that surrounds us. At the time of this writing, the capitalization of all coins is $ 267 billion, and experts believe that much remains to be developed. It should be noted that one analytical portal in 2012 estimates a capitalization of 1 billion by the end of 2018 (we will not determine who is so not optimistic about cryptomir).
The demand for crypto currency is on the rise, and hence the type of banking that is particularly suited for operations with such assets growing. We've met some of the solutions and, most interestingly, KuBitX will also be one of them.
Currently, industry leaders provide various services related to crypto currency banking, including loans and deposits, interest that is sometimes more profitable than in conventional banks. However, sometimes such exchanges betray the user and his ideals, which make it possible to establish a large crypto currency market. Among the "crimes" of the existing exchange, which has become a real bank for crypto fans:
Centralization. Despite the fact that the idea of crypto currency is that "code is legal", many platforms for crypto currency exchange sacrifice this principle, for the sake of an opportunity to control the process. In this case, companies often fall in love with allegations of helping fraudsters and the like. As a rule, exchange operators can not do anything, and all the negative consequences are caused by the fact that centralized exchange is the way to the next point.
Insecurity. Looking at the fact that the exchange can not release the process to the will of the program code, it remains vulnerable. As they say: "Man is the weakest link". It's thanks to human intervention that Hacking Bitfinex Exchange broke out, which is one of the largest in the world. As a result, all operations were canceled, and the wallet was frozen. It is worth noting that if the code is on the platform rules, and not people, then there will be no break-ins or stop operations.
P2P Pseudo. This is the sin of almost everything. Yes, it is quite difficult to ensure sufficient volume of change in the exchange, so, in order not to lose its demand, centralized exchanges, such as banks, buy crypto currency to conduct exchange transactions. For the user, it looks like he's really making a deal, but, in fact, it's just that the creators of the new platform are starting to work on it. There seems to be nothing too exaggerated in this regard, but in this way users are forced to pay large sums for cheap operations.
Fraud. We will return to this issue in the following sections. The problem is that some exchanges make it possible to trade one trader with his own warrant, thereby allowing economic violations in the stock exchange. This approach deserves censorship from crypto-fans.
Of course, this is not all bad, what can be said about the exchange (but that's probably and a lot of good stuff!), Since products in relatively young scope tend to thrive through thorns. However the beauty of these points is that with each of them can handle KuBitX platform.
The development of the crypto currency, if described as a curve on the graph, would be similar to the cardiogram of a person with sudden ventricular defibrillation and highly unstable. In the first years of the existence of bitcoin, it exists because people perform surgery with him for the sake of anonymity and nothing else, and the price is negligible. But since the beginning of 2016, the popularity of crypto currency has grown so much that today they can only be compared to the Queen's group in the late 80's.
As a result, all exchanges and products for operations with crypto currencies are made in a hurry to meet growing demand very quickly. Therefore, at this time we have a very unreliable exchange and that can not be called a bank, if one of the basic requirements for the bank is the trust of the customer.
Works on bugs
KuBitX is a platform designed with all the errors that its predecessor made. The first is security. The team is aware that online user funds storage is full of bad consequences, in the form of theft and collision exchanges, which can occur due to an attacker's fault. And even though the developers have made every effort for such a scenario to be impossible, you also need an emergency parachute that will allow users to feel safe.
They become a "cool" store, where most of the user's coins will be placed. With this term we have found you: it means the coins are not stored in the user's wallet, which is constantly on the network, but on operators that are not connected to the Internet. This opens the way to two possibilities:
Storage security, which we've been talking about
Flexible operation with funds.
If the payment can not be withdrawn or canceled in the blockhouse, and in general, all operations can not be changed, then with cold storage is possible. Online, only information about transactions are exchanged, and the repository is activated only when both users confirm the transfer using one of the methods to be presented on the KuBitX exchange.
Illustrates mass
Ask anyone who does not use crypto currency about why he does not want to buy some coins and finish them in some stores and on platforms, and this person will tell you one of the following reasons:
Liquidity problem. Someone does not know if he will be able to buy something concrete tomorrow for the crypto currency, which is in his wallet. Anytime, the price may change or is actually reduced to zero. Therefore, such assets carry many conversations, which are unacceptable for the average user
Complexity. And this is most likely a key factor. Sometimes, even after working with crypto currency for several months, you are wondering how an intuitive tool that can not be understood can be used to perform a particular operation. However, despite some efforts, working with crypto currency is something that is only accessible to people who are very competent with experience in this field.
And although liquidity can only be provided by market volumes and by demand for certain currencies, KuBitX offers convenience to its users in operation. The team works to ensure that their platform has an interface that everyone can understand, as if it were nothing more than an application for Internet banking. Thus, the project is planning to attract more people into the scope of block technology, which previously avoided contact with crypto currency.
This concludes the second part of the review, and we have another one ahead, where we will talk about how KuBitX, while fulfilling its promise, can open the horizons of the new crypto currency economy, and how the platform can help stabilize prices for the crypto currency!
One of the main problems that the Crypto currency market traces the so-called washing trade, or fictitious trade as it is also called. It consists of the fact that a person performs a similar operation in appearance with crypto currency trading: the owner of one selling account, another purchaser. But the interesting thing is that trades happen in one user: someone has two accounts on the stock exchange (or more!). It's like moving money from one pocket to another.
Apparently, this is a real nonsense: "From the fact that I will transfer my funds from one account to another, I will not get any benefits," you object. Well, then you do not fully understand the currency market-crypto and trade.
A fictitious transaction on the exchange is a method of market manipulation. Using large quantities, sharks from this business change the price of coins in a favorable direction for them. By selling and buying from themselves, they do not lose anything. But in this way they blow up the process in the market, which is useful for them to trade further.
These acts are considered a number of laws, as economic crimes. However, however, some exchanges do not eliminate vulnerabilities, which allow for such operations. In addition, some of them contribute to this kind of income. For example, one of the representatives of the Bitfinex exchange, which we have already discussed, confirms that platform trading platforms allow fictitious transactions. So we see how one confirms platform involvement in market manipulation.
This example we produce to show how important the implementation can be KuBitX. Even before launching the platform, they stated that they are developing tools that will prevent fictitious trading in all its manifestations. Thus, the platform shows that it does not want to participate in a process that destabilizes kryptorik and does not make the currency out of coins, but an object for speculation.
Business needs stability
We come back to the question why most entrepreneurs do not want to use crypto currency and whenever we find new answers. It's time to recognize another fact: an entrepreneur does not operate with tokens because the markets that must provide their liquidity are very unstable.
First, this is manifested in the fact that constant speculation on the crypto currency does not provide real prices, which would allow it to work with coins as well as other assets and even carry out payment transactions with them. Also, with special pricing, populations without prejudice will be able to earn crypto currency to work with individual companies, or at all, to do all their business in crypto currency.
Also, a very significant factor is that places where it is possible to exchange crypto currency constantly suffer from various kinds of turmoil. Reading the news You can understand that from time to time with every exchange there are various problems, and suffer from this user. In the second part of the review, we've talked about reasons for this.
But KuBitX will be a completely new product. In the above paragraph we have said that the platform will reject the "dirty speculation", and earlier that the platform will provide users with the highest level of security. We have compared exchanges with banks and hope that KuBitX will be able to justify this comparison.
When entrepreneurs can be confident that their crypto currency can be quickly and easily exchanged for other assets that will be required by them at any given time, they will be able to start using unobstructed crypto-currency payments, given their security and low cost.
This concludes our review of the KuBitX project. For now, we can only say that the platform promises to appeal to users, especially beginners, who are just starting to get acquainted with the currency. By the way, ICO KuBitX is unique because krausejl will start after the platform launch, so investors can judge how good the product is - an honest approach. And of course, we wish good luck for an honest project that offers a great product!
For more information, you can visit:
Insecurity. Looking at the fact that the exchange can not release the process to the will of the program code, it remains vulnerable. As they say: "Man is the weakest link". It's thanks to human intervention that Hacking Bitfinex Exchange broke out, which is one of the largest in the world. As a result, all operations were canceled, and the wallet was frozen. It is worth noting that if the code is on the platform rules, and not people, then there will be no break-ins or stop operations.
P2P Pseudo. This is the sin of almost everything. Yes, it is quite difficult to ensure sufficient volume of change in the exchange, so, in order not to lose its demand, centralized exchanges, such as banks, buy crypto currency to conduct exchange transactions. For the user, it looks like he's really making a deal, but, in fact, it's just that the creators of the new platform are starting to work on it. There seems to be nothing too exaggerated in this regard, but in this way users are forced to pay large sums for cheap operations.
Fraud. We will return to this issue in the following sections. The problem is that some exchanges make it possible to trade one trader with his own warrant, thereby allowing economic violations in the stock exchange. This approach deserves censorship from crypto-fans.
Of course, this is not all bad, what can be said about the exchange (but that's probably and a lot of good stuff!), Since products in relatively young scope tend to thrive through thorns. However the beauty of these points is that with each of them can handle KuBitX platform.
The development of the crypto currency, if described as a curve on the graph, would be similar to the cardiogram of a person with sudden ventricular defibrillation and highly unstable. In the first years of the existence of bitcoin, it exists because people perform surgery with him for the sake of anonymity and nothing else, and the price is negligible. But since the beginning of 2016, the popularity of crypto currency has grown so much that today they can only be compared to the Queen's group in the late 80's.
As a result, all exchanges and products for operations with crypto currencies are made in a hurry to meet growing demand very quickly. Therefore, at this time we have a very unreliable exchange and that can not be called a bank, if one of the basic requirements for the bank is the trust of the customer.
Works on bugs
KuBitX is a platform designed with all the errors that its predecessor made. The first is security. The team is aware that online user funds storage is full of bad consequences, in the form of theft and collision exchanges, which can occur due to an attacker's fault. And even though the developers have made every effort for such a scenario to be impossible, you also need an emergency parachute that will allow users to feel safe.
They become a "cool" store, where most of the user's coins will be placed. With this term we have found you: it means the coins are not stored in the user's wallet, which is constantly on the network, but on operators that are not connected to the Internet. This opens the way to two possibilities:
Storage security, which we've been talking about
Flexible operation with funds.
If the payment can not be withdrawn or canceled in the blockhouse, and in general, all operations can not be changed, then with cold storage is possible. Online, only information about transactions are exchanged, and the repository is activated only when both users confirm the transfer using one of the methods to be presented on the KuBitX exchange.
Illustrates mass
Ask anyone who does not use crypto currency about why he does not want to buy some coins and finish them in some stores and on platforms, and this person will tell you one of the following reasons:
Liquidity problem. Someone does not know if he will be able to buy something concrete tomorrow for the crypto currency, which is in his wallet. Anytime, the price may change or is actually reduced to zero. Therefore, such assets carry many conversations, which are unacceptable for the average user
Complexity. And this is most likely a key factor. Sometimes, even after working with crypto currency for several months, you are wondering how an intuitive tool that can not be understood can be used to perform a particular operation. However, despite some efforts, working with crypto currency is something that is only accessible to people who are very competent with experience in this field.
And although liquidity can only be provided by market volumes and by demand for certain currencies, KuBitX offers convenience to its users in operation. The team works to ensure that their platform has an interface that everyone can understand, as if it were nothing more than an application for Internet banking. Thus, the project is planning to attract more people into the scope of block technology, which previously avoided contact with crypto currency.
This concludes the second part of the review, and we have another one ahead, where we will talk about how KuBitX, while fulfilling its promise, can open the horizons of the new crypto currency economy, and how the platform can help stabilize prices for the crypto currency!
One of the main problems that the Crypto currency market traces the so-called washing trade, or fictitious trade as it is also called. It consists of the fact that a person performs a similar operation in appearance with crypto currency trading: the owner of one selling account, another purchaser. But the interesting thing is that trades happen in one user: someone has two accounts on the stock exchange (or more!). It's like moving money from one pocket to another.
Apparently, this is a real nonsense: "From the fact that I will transfer my funds from one account to another, I will not get any benefits," you object. Well, then you do not fully understand the currency market-crypto and trade.
A fictitious transaction on the exchange is a method of market manipulation. Using large quantities, sharks from this business change the price of coins in a favorable direction for them. By selling and buying from themselves, they do not lose anything. But in this way they blow up the process in the market, which is useful for them to trade further.
These acts are considered a number of laws, as economic crimes. However, however, some exchanges do not eliminate vulnerabilities, which allow for such operations. In addition, some of them contribute to this kind of income. For example, one of the representatives of the Bitfinex exchange, which we have already discussed, confirms that platform trading platforms allow fictitious transactions. So we see how one confirms platform involvement in market manipulation.
This example we produce to show how important the implementation can be KuBitX. Even before launching the platform, they stated that they are developing tools that will prevent fictitious trading in all its manifestations. Thus, the platform shows that it does not want to participate in a process that destabilizes kryptorik and does not make the currency out of coins, but an object for speculation.
Business needs stability
We come back to the question why most entrepreneurs do not want to use crypto currency and whenever we find new answers. It's time to recognize another fact: an entrepreneur does not operate with tokens because the markets that must provide their liquidity are very unstable.
First, this is manifested in the fact that constant speculation on the crypto currency does not provide real prices, which would allow it to work with coins as well as other assets and even carry out payment transactions with them. Also, with special pricing, populations without prejudice will be able to earn crypto currency to work with individual companies, or at all, to do all their business in crypto currency.
Also, a very significant factor is that places where it is possible to exchange crypto currency constantly suffer from various kinds of turmoil. Reading the news You can understand that from time to time with every exchange there are various problems, and suffer from this user. In the second part of the review, we've talked about reasons for this.
But KuBitX will be a completely new product. In the above paragraph we have said that the platform will reject the "dirty speculation", and earlier that the platform will provide users with the highest level of security. We have compared exchanges with banks and hope that KuBitX will be able to justify this comparison.
When entrepreneurs can be confident that their crypto currency can be quickly and easily exchanged for other assets that will be required by them at any given time, they will be able to start using unobstructed crypto-currency payments, given their security and low cost.
This concludes our review of the KuBitX project. For now, we can only say that the platform promises to appeal to users, especially beginners, who are just starting to get acquainted with the currency. By the way, ICO KuBitX is unique because krausejl will start after the platform launch, so investors can judge how good the product is - an honest approach. And of course, we wish good luck for an honest project that offers a great product!
For more information, you can visit:
Website: http://www.kubitx.io/
Whitepaper: https://kubitx.io/KuBitX_Whitepaper_v1.1_En.pdf
Twitter: https://twitter.com/kubitx
Facebook: https://www.facebook.com/kubitx/
Ann Thread: https://bitcointalk.org/index.php?topic=4628365
Telegram: https://t.me/kubitx_official
Reddit: https: //www.reddit .com / r / KubitX /
Whitepaper: https://kubitx.io/KuBitX_Whitepaper_v1.1_En.pdf
Twitter: https://twitter.com/kubitx
Facebook: https://www.facebook.com/kubitx/
Ann Thread: https://bitcointalk.org/index.php?topic=4628365
Telegram: https://t.me/kubitx_official
Reddit: https: //www.reddit .com / r / KubitX /
by : manusiacrypton
walllet : 0x2A08210eF2877aAcF2aE8FE835DCf490fF15311b
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