In the first part of the review, we talked a little about the fact that most modern exchanges do not justify the expectations that users place on them. With this we have everything is clear, but the question remains: why everything happens exactly and why there has not yet appeared a worthy product, which, by the way, can become KuBitX ?

This question can be answered if we analyze the history of the development of the crypto-currency market and compare it with the history of development of any other customary sphere, say, the automobile industry. When they started to produce cars, the demand for them gradually developed. As a result, the technologies that engineers used always corresponded to their time and the needs of consumers.

The development of the crypto currency, if it is depicted as a curve on the graph, will be similar to the cardiogram of a person who is undergoing ventricular ventricular defibrillation - abrupt and very unstable. In the first years of existence bitcoin, he existed due to the fact that people conducted operations with him for the sake of anonymity and no more, and his price was negligible. But since the beginning of 2016, the popularity of crypto currency has grown so much that today they can only be compared with the Queen group in the late 80's.

As a result, all exchanges and products for operations with crypto-currencies were created in a hurry to meet the incredibly fast growing demand. Therefore, today we have exchanges that are very unreliable and which can not be called banks, if one of the basic requirements for the bank is customer confidence.

Work on bugs

But KuBitX is a platform that is designed with all the mistakes that its predecessors made. The first is security. The team realized that the storage of online users' funds is fraught with adverse consequences, in the form of thefts and crashes of the exchange, which can happen through the fault of the attacker. And although the developers have made every effort to such a scenario was not possible, you also need an emergency parachute that would allow users to feel safe.

They became a "cold" store, in which the bulk of the user's coins will be placed. With this term we have already come across you: it means that coins are not stored on the user's wallet, which is constantly on the network, but on a carrier that is not connected to the Internet. This opens the way to two possibilities:

The safety of storage, of which we have already spoken
Flexible operations with funds. If the payment can not be withdrawn or canceled in the blockhouse, and in general, all operations are irreversible, then with cold storage it is possible. Online, only information about the transaction is exchanged, and the repository is turned on only when both users confirm the transfer using one of the methods that will be presented on the KuBitX exchange.

Drawing on the masses

Ask anyone who does not use crypto currency about why he does not want to buy a couple of coins and settle them in some stores and on platforms, and this person will tell you one of the following reasons:

The issue of liquidity. A person does not know if he will be able to buy a concrete thing tomorrow for a crypto currency, which he has in his wallet. At any time, the price may change or be completely reduced to zero. Therefore, such an asset carries a lot of aleatory, which is unacceptable for the average user
Complexity. And this is most likely a key factor. Sometimes, even after working with a crypto currency for several months, you wonder how intuitive-incomprehensible a tool can be for performing certain operations. Nevertheless, despite some attempts, work with the crypto currency is something that is accessible only to incredibly competent people with experience in this field.

And although liquidity can be provided only by the volume of the market and by the demand for a specific currency, KuBitX offers convenience to its users in operations. The team is working to ensure that their platform has an interface that is understandable for everyone, as if it is nothing more than an application for Internet banking. Thus, the project plans to attract more people into the sphere of block-technologies, who previously avoided contact with the crypto currency.

This concludes the second part of the review, and we have another one ahead, in which we will talk about how KuBitX, when fulfilling its promises, can open the horizons of the new crypto currency economy , and how the platform can help stabilize the prices for crypto currency!