First Truly Global Exchange - KuBitX - Blockchain ANN - All About Cryptocurrency

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Monday, September 3, 2018

First Truly Global Exchange - KuBitX

For people who use cryptocurrency, of course exchange are no stranger to them. Without cryptocurrency exchange there is no meaning, exchange is a place where we make transactions in buying and selling cryptocurrency, be it BTC, ETH, LTC, and other types of cryptocurrency. But the old transactions because we are in a remote area are no stranger to exchanges, collisions with exchanges, hacking, these are some of the problems that are often experienced in exchange. Now everything can be overcome and we don't need to be afraid anymore.

Now comes KuBitX, the most advanced and powerful cryptocurrency trading platform designed in a very easy-to-use way to allow people from all regions and backgrounds to gain a fortress of ideas that revolve around Blockchain and cryptocurrency spaces. Built to transact at 12 million transactions per second. Avoid crashing into exchanges, creating more to trade at faster speeds.



Secure wallet.

Now we don't need to be afraid of other hacking, because the KuBitX wallet contained in the KuBitX ecosystem is a KuBitX Trade engine, a secure KuBitX wallet and an advanced Admin dashboard to manage Trade Exchange activities.

That is why KuBitX is said to be the "First Truly Global Exchange" because all the problems that often occur in exchange can now be overcome by KuBitX.


Further information about KuBitX;

Website; https://www.kubitx.io/
Whitepaper; https://kubitx.io/KuBitX_Whitepaper_v1.1_En.pdf
Reddit; https://www.reddit.com/r/KubitX/    

Youtube; https://www.youtube.com/channel/UCm6o0xRXXlrPR0-OqcBwXOA
Bitcointalk; https://bitcointalk.org/index.php?topic=4628365
Telegram; https://t.me/kubitx_official
 


Faster Transactions per second (TPS) speed  

KuBitX competes with global rivals with current exchanges doing about 1.4 million transactions per second. KuBitX is built to trasact at 12 million transactions per second. Avoiding exchange crashing, creating more to trade at faster speed.



The broader areas upon which the vision of KuBitX has a focus are:  

1. Education about Blockchain technology enhancing adoption by masses – KuBitX has come up with aunique initiative called Global Channel Ambassadors to enter, understand and capture local emerging markets. Weaim to tackle the socieconomic hindrances to adoption. The KuBitX Global Ambassador Initiative will reach the grassroots to drive local adoption.

2. Liquidity improvement – Liquidity is one of the most important pillars of any ex-change that exists. Many exchanges today suffer from a liquidity crunch leaving users stranded with their currencies. To tackle this, we plan to involve market makers to build sustainable volume on the exchange, reducing costof transactions and simplifying the complete process. To avoid wash trading, we have Anti Market Manipulation (AMM) tool on the platform. Market surveillance, supervision and compliance are being looked into very carefully. The admin can choose to freeze an account associated with suspicious trading.

3. Robust Security – Security is one of the most crucial pillars surrounding a crypto-currency exchange. We at KuBitX do take the security of the whole platform very seriously. Hereby, we not only are developing our own exchange system secure but also plan to make users aware of various frauds and hacks going on in the market. Following are the security measures taken by the team:
     We are storing the password hashes and not the original passwords in our
        servers.
     All user data is encrypted using the AES-256 before being inserted into the
        database.
     KuBitX has designed a customized security architecture to ensure  

        encryption keys are stored very well.
     Secure offline multi-signature cold wallets/vault system.
     Our system is fully GDPR compliant.
     KuBitX has developed a third-party code verification and penetration 

        testing functionality.

4. Financial Inclusion – The emerging markets today especially in Africa and Asia suffer from a large chunk of their population being out of reach of the traditional banking system. Banks become controllers but here the person becomes the controller because P2P transactions are possible through their phones. The philosophy of the Blockchain era is excluding the third party and use P2P transactions. Africa has large amount of unbanked people hence KuBitX will educate people how to take advantage of Blockchain philosophy thus enhancing financial inclusion.

5. Economic development of the emerging markets – On a macro level, the emerging markets like Africa experience from low GDP rates, high inflation and generally poor economic growth. KuBitX with extensive strategic partnerships with the private and public sector, have designed an institutional investment plugin on the KuBitX engine to enable a higher volume of crypto trading and traditional capital trading functionalities. For instance, Zimbabwe uses a legal tender which is not native to their country thereby creating a negative impact on all aspects of their economy. KuBitX will be creating opportunities for a digital econ-omy thereby allowing each nation to run its own economy and giving it an oppor-tunity to play in the global market.

Our vision is one of collective growth for all market participants, both our customers and the KuBitX ecosystem, thereby contributing our share to the growth of the market itself. 



For more information, please visit the KuBitX media, which I have listed above. 


Author  

Telegram URL; https://t.me/Tamrlancoin
Bitcointalk username; Tamrlan
Bitcointalk URL; https://bitcointalk.org/index.php?action=profile;u=696580
 

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