Today there are several dozens of crypto-currency exchanges. Some of them are quite popular, with their resources being utilized by users from all over the world. Also, despite the fact that all the popular projects are centralized, the idea of a decentralized exchange is in the air. The concept behind Qurrex is to combine both: CEX and DEX nodes in one sustainable, auditable and reliable cryptotrading platform.

As we are approaching our QRX token sale, which is to start just a few days later, June 10th, let’s take a quick glance at what is Qurrex crypto exchange concept is, and why the project is going to succeed.

In fact, some modern crypto-instruments are widely known, including Kraken, BitFinex, BitStamp and some others. Their advantages are obvious: availability to a huge number of users, a coherent and practical functionality that allows to work anywhere and anytime. However, there are disadvantages as well, and one of them being that all exchanges are single-centre controlled projects.

Centralization and its disadvantages

One of the most successful centralized crypto-currency exchanges is Mt.Gox. It was created in the early days of the crypto-currency era and became popular quite quickly. Quite soon, however, it showed disadvantages of implemented solutions based on centralization. All of a sudden it stopped working and fell into oblivion, with its clients assets. Despite later attempts to hold the exchange founder liable, this experience by no means can be called successful — noone was brought to justice, everything was written off as evil tricks of intruders.

After Mt.Gox downfall, other solutions were proposed, including those partially decentralized. But no solution so far has gained enough popularity to become known to all. Nevertheless, the number of projects based on decentralization are gradually increasing. Most likely, they will begin to actively materialize at the end of this year — where there is demand, there will be supply.

However, experts predict that they will not show up until 2019 — just because of sluggishness of technological solutions. Their implementation will take some time. But the boom of decentralized crypto-exchanges will be preceded by a combination solution that will be discussed in this material — Qurrex hybrid exchange.

Other solutions will also be actively developed but not until 2020. The front runner, however, will be Qurrex — if only because the exchange functionality is already being improved as we speak.

Why Qurrex, of all others?