[PreICO]/[ICO] QuickX — a Perfect Version of Cryptocurrency With New Protocol

Stakeholders, companies, and platforms which will benefit from using this system can be divided into the following categories:

• Various cryptocurrencies and wallets. Since the platform supports cross-transactions, it is likely to attract many blockchain services.
• Entrepreneurs who interested in using cryptocurrency and also enterprises. They can also become intermediaries or just make payments.
• Transactions facilitators.
• Individuals who prefer cryptocurrency and use it.

There are 4 main problems facing Quick X:

1. Transaction fee. This problem is solved by the absence of intermediaries, but even if you remove them, you will not be able to completely avoid the commission. Using computers as the basis of a crypto network will still require charging a commission for the service.
2. Transaction speed. There is a big difference in the speed of operations between decentralized and centralized systems: it is much higher for centralized systems. For example, Ethereum performs about 20 transactions per second, while a visa is more than 55,000 transactions per second.
3. The solution to this problem is to increase the computing power of each network node, which is not always possible to achieve. This is due to the decentralization, because in a centralized system it is enough to add additional servers. The blockchain has less coherence.
4. Multy-currency. For example, a Bitcoin owner wants to transfer his savings in the form of an etereum to another person. To do this, he needs to convert one currency to another, which is not always convenient. Therefore, there are opinions that it is better to combine all cryptocurrencies into one.

QuickX solves these problems as follows:

Using Off-Chain Transaction System

It means that the channel can be opened between users, in which a certain amount of cryptocurrency is fixed. At this stage, the confirmation of the transaction requires only the confirmation of one of the parties. When the channel is closed, transactions between individuals become impossible until the next one opens.

Transaction Operators

These people charge transaction fees and also carry them offline. Transactions also occur in the chain, but they become online only after they become confirmed. Any member of the network can become a transaction facilitator.

Pooling Facilitators

There is a close relationship between the pool organizers, which allows you to carry out transactions crosswise, as well as almost instantly.

This wallet supports both cryptocurrency and fiat money. It allows users to follow the rate of cryptocurrency in fiat money and make quick transactions. Using a debit card, the owner can safely pay for the purchase of cryptocurrency. This system was tested in January 2018 and showed good results: the amount of transactions through it amounted to more than 100 thousand dollars.