QUUBE - The First and Only Quantum Ecosystem for the Crypto World

Cryptoassets are slowly heading towards world adoption because the number of holders of digital assets is slowly but surely growing worldwide. The number of crypto wallets reached a record number of more than 40 million users by the end of June 2019! Cryptocurrency exchanges began to appear to provide trading services for this new asset class. However, all is not cool with the crypto ecosystem and the threat is still large. if the market wants to see progress and development, these threats need to be addressed and addressed.

Digital era trading platform

Cryptocurrency exchange provides a platform where crypto merchants can buy and sell their digital assets. These platforms are similar to the stock market and require profits from crypto price fluctuations. Considering that cryptocurrency volatility is much higher than stock market fluctuations, the chances of traders achieving significant profits in a short period of time are several times higher.

There are more than 500 digital currency exchanges functioning globally, and this number is increasing every month. While the exact numbers are difficult to determine, the numbers continue to grow. While 200+ cryptocurrency exchanges are registered on CoinMarketCap, several hundred more can be found on other websites. The majority of the total trading volume is divided among the leading cryptocurrency exchanges that make up the Top 10. However, there are examples where several exchanges have shown increasing numbers of trades and traffic to increase their rankings and attract more customers.

The ecosystems most often used for cryptocurrency trading and investment include:

• Trading platform - Offers trading services to traders by collecting a commission, or broker (considered a traditional exchange).

• Direct-access trading platforms - These platforms are not connected to market indices and are platforms where clients can trade with one another by determining their prices.

• Broker - Website that offers cryptocurrency purchases at brokerage prices. Such services are like currency exchangers that exchange dollars, euros and other fiat currencies at a predetermined exchange rate.

• Funds - This service is intended for the purchase of cryptocurrency and its long-term storage.

According to Bloomberg , with data supported by CoinMarketCap, annual revenues from the 10 largest cryptocurrency exchanges exceed $ 1 billion.

Coverage of global exchanges and market dynamics

The largest daily trading volume of $ 1.7 billion is shared between Binance and OKEx based in Hong Kong. Taking into account the 0.2% fee (OKEx only charges 0.07% fees for the most active traders) Binance is expected to get maximum daily income. The Huobi, Bitfinex, Upbit, and Bithumb Asian exchanges are next. Their daily income from trading costs is from $ 600 million to $ 1.4 billion with an average cost of 0.3%.

The US leads the list of countries with the highest number of cryptocurrency traders. The majority of traders who register on Coinbase and GDAX are from the US, while traders in Bithumb, OKEx, and Huobi are mostly from Asian countries.

Coinbase is the leading exchange according to the number of visitors. This website is included in the 250 most popular websites in the world while trading volume is less than $ 300 million.

The peak of the cryptocurrency market capitalization was reached on January 7, 2018, reaching $ 831 billion. The reason lies in the spectacular price increase of the most popular cryptocurrency - Bitcoin. The price of Bitcoin has increased by more than 1000% over the past 12 months (only in December the price has increased by 22% by setting a new record, at $ 19,700).

However, in January 2018, many factors such as hacker attacks, US CFTS (Commodity Futures Trading Commission) interest in the Bitfinex exchange, increased pressure on supervisory authorities and overall negative media attention and sentiments caused the price of Bitcoin and other cryptocurrency to crash spectacularly.

At the time of writing, the market capitalization of all cryptocurrency is $ 263 billion (as of September 23, 2019) which is 3.5x times lower than the peak index almost two years ago!

Around 81% of crypto wallets are located in Europe and North America but this region only consists of 61% of global users. The next region, according to the number of crypto wallet users, is Latin America followed by Africa and the Middle East.

Expectations of market dynamics are diverse - with regard to the potential growth in the volume of cryptocurrency exchange trading, the majority of world experts share the same opinion. Cryptocurrency caught the attention of institutional investors; Therefore, professional market participants can bring multi-billion funds, and as a result, trading volumes are expected to increase.

The main threat

The main risks and consequences that may occur in digital currency exchange are:

Risks of using cryptocurrency. High level of volatility

The flow of money cannot be predicted. Cash shortages are different possibilities. As a result, the trading volume of cryptocurrency exchanges can decrease and cause income to decrease.

Investment risk due to incorrect crypto fund management

Incorrect budget formation and distribution for the formation of crypto currency exchanges.

Market risk.

The number of regulations applied to world markets limits the opportunities for project development.

Political risks are related to state regulations regarding cryptocurrency exchanges

There is a risk that certain exchanges will be terminated from operating in an area or countries due to political or regulatory issues. What's more, it follows the special demands and mandatory security policies in countries where special requirements for the crypto currency exchange function are adopted.

Technical and technological risks

One of the main problems today is cybersecurity. The exchange program code must be written professionally; if not, the platform might be hacked, and the assets might be stolen.

Modern technology can provide long-term benefits and severe threats at the same time. Today, quantum computing is one of the hottest topics because it is associated with the benefits and unprecedented threats to technology that exists today at the same time. Blocking and exchanging crypto can be the main target of hackers in the post-quantum era. Armed with q-tech of power but invisible, fraudsters can hack a blockchain in seconds!

In recent big news that has confirmed far-reaching consequences for blockchain technology in general and crypto currency exchanges in particular, Google reports the achievement of "quantum supremacy" - the company is reported to have built quantum computers that are more powerful than the world's top supercomputers . A Google research paper was temporarily posted online this week, the Financial Times reported Friday, and said a quantum computer processor made calculations possible in just over 3 minutes. The calculations will take 10,000 years at IBM's Summit, the most powerful commercial computer in the world , Google said.

Google researchers discarded the term "quantum supremacy" as a result, FT said, because their computers can complete tasks that cannot be completed. "To our knowledge, this experiment marks the first calculation that can only be done on a quantum processor," the research paper said.

However, besides the excitement of technological evolution, quantum computers also imply a grave threat - and the cryptocurrency market that works on blockchain technology is no exception. Imagine that only one quantum computer with potentially large capacity connected to the blockchain is able to carry out 51% attacks successfully. This can gain control over the blockchain and can prevent new transactions from getting confirmation within a particular blockchain.

In addition, traditional encryption methods, which are used in cryptocurrency, crypto wallet and cryptocurrency exchange algorithms, can be easily solved by quantum computers. All "hot wallets" and all crypto currency exchanges (which are equivalent to "hot wallets") can be hacked using the Shore and Grover algorithm and assets from the wallet can be transferred to wherever desired by the quantum computer operator.

Providing a safer market for tomorrow

Considering the possible consequences of the rapid development of quantum technology, many companies have begun to work in advance to create comprehensive solutions to overcome threats and prevent future disasters.

QUUBE's aim is to create a full-scale and complex blockchain ecosystem, resistant to "quantum computational attacks", supported by 3 "whales" or three key elements that adopt quantum cryptography at all stages. They aim to provide a smooth experience in various segments: the crypto trading platform, the STO blockchain protocol, and the IEO launchpad.

QUUBE exchange is ready to speed up the process of asset trading by creating a Security Token Market and Launchpad dedicated to various types of securities. Our team has successfully implemented a Launchpad token of the ecosystem and security that is quantum safe with an exchange platform that allows the STO / ICO project to raise funds quickly among accredited and non-accredited investors. QUUBE is a unique fundraising machine that facilitates asset tokensation and investor relations.

The future holds many secrets, but one thing is certain: utilizing solutions like QUUBE is the only real choice to survive in current market conditions. Follow us and subscribe to join the global community. Come and see for yourself what we have built to secure the future of the blockchain.

The QUUBE model solves two main problems that are important for regulators and investors. Projects that originate from the launch pad of QUUBE STO and quantum security are the main threats, so focus on security tokens ensuring compliance between regulations. Given Google's recent advancements in the development of quantum computing and the regulatory problems that are always in space, QUUBE's time couldn't be better.

Co-founder of QUUBE Exchange and Anzor "ENZO" Zhemukhov submitted the proposal to CEO Zulfiquar Ghadiyali, CEO of Sheikh Tahnoon Bin, on October 22. After the winning pitch was announced, everyone paid attention to QUUBE.

The QUUBE team makes Dubai Blockchain Week excited about the future. The project team will continue to work towards milestones to anticipate the startup of the May World Cup Grand Finale. "To anticipate networking with San Francisco startups and investors, we are very pleased with the opportunity to launch the QUUBE Exchange and compete for one million dollars for the Startup World Cup.

The blockchain revolution begins with frustration over traditional finance. Bitcoin is a keyword, and its price and popularity are extraordinary. But slowly, almost behind, companies all over the world know there is more to be blocked than Bitcoin or cryptocurrency.

As such, it became the "early adopters" that became a tsunami to harness the extraordinary power and potential of blockchain technology in almost every aspect of finance, insurance, real estate, fine arts and performing arts, IT infrastructure, and manufacturing. Supply chain management. The list is almost endless.

Experts suggest that as far as blockchain technology is concerned, we are between 'technical triggers' and 'hopes for improvement'. This means that the unique opportunities presented by blockchain technology are being explored in large and small industries, so you can see a lot of activity outside the initial user.

But when we look at the potential of blockchain technology and our hope for opportunities to change the current situation and provide efficient solutions to real-world challenges, news about the rapid development of quantum computing is the power of the hurricane of Hit. The announcement that Google has achieved " quantum benefits " (leakage) is a great wake-up call for everyone involved in technology and for those who want to use it. Questions about the safety and security of ecosystems based on blockchain.

At present, there is an alliance among members of the crypto community to find solutions to protect the blockchain system from quantum attacks, a very important future challenge. And QUUBE works to create a platform to protect against quantum attacks. We are looking for paths to other blockchain-based systems that protect the blockchain ecosystem from this risk, creating quantum resistance protocols so they don't fall into promising technology initially. Because someone can hack it.

Many are still alive like ostriches. The head is buried deep in the sand, so there is no problem with seeing the face directly. But those who think that quantum computing is a clear and current danger to the blockchain system, are slowly discovering what QUUBE is doing to strengthen us to build a blockchain that truly resists on QUUBE. Quantum protocol.

Today we are proud of our strong commitment to the crypto community, marching with great hope on our shoulders as we welcome 20,000 members in our community. We consider the community as "early adopters" of this sub-technology. We are confident that together the blockchain technology will achieve solutions to the challenges facing quantum computing.

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