QASH QASH to Chainlink LINK Exchange

Crypto Pair Details: QASH to LINK

QASH QASH

QASH (pronounced “cash”) is the native currency for the Quoine (pronounced “coin”) which is now rebranded to Liquid. Liquid is a global cryptocurrency firm looking to solve the liquidity problems that have surfaced with crypto investments. Liquid brings liquidity to the cryptocurrency space by providing a means for you to easily buy cryptocurrency with and cash-out to fiat. Currently, each crypto exchange has its own level of liquidity that differs between the trading pairs it offers. This creates individual silos that may have great liquidity on one exchange but not on another. The Liquid platform connects these silos into one combined pool to give you the greatest liquidity possible. The Liquid World Book compiles the orders and prices from exchanges around the world into one order book for you to use. This gives any trader, no matter their location, the ability to use the fiat currency of their choice when purchasing or selling crypto. It removes the liquidity silos of separate exchanges and gives more trading power to previously underserved markets. The Prime Brokerage half of the Quoine Liquid platform basically gives you access to the features outlined in the previous World Book section. With Prime Brokerage, you have direct market access to all exchanges in the World Book without having to create an account on each individual exchange. Furthermore, Quoine has been building partnerships with a network of banks over the last several years to ensure the quick transfer of your fiat funds. QASH is an ERC20 token you use to pay for services on the Liquid platform. Beyond that, QASH holders may also receive discounts, promotional products, and ICO investment opportunities with coins that Quoine helps to launch. The team also emphasizes in their whitepaper that other organizations may use it for their own purposes similar to how some financial institutions use the Ripple XRP token. Because Quoine enters a few different financial sectors, the company has quite a few competitors. As a credit facility, the company competes with SALT. On the exchange side, there are numerous other businesses like Binance specializing in alternative coins or Gemini and Coinbase focusing on fiat to crypto conversions. Mike Kayamori (CEO) and Mario Gomez Lozada (President and CTO) founded Quoine in 2014. Kayamori was previously a Senior Vice President at SoftBank Group and was the Chief Investment Officer of Gungho Asia. Lozada was the CTO of Merrill Lynch in Japan for 11 years before taking the Chief Information Officer role at Credit Suisse Japan. Quoine is the first cryptocurrency firm in the world to be officially licensed by the Japan Financial Services Agency (FSA). The Liquid platform is actually the result of combining two previous platforms, Quoinex and Qryptos. At one time, those two trading platforms were performing over $12 billion of transactions each year.

Chainlink LINK

ChainLink is a decentralized oracle service, the first of its kind. When Ethereum went live in 2015, it revolutionized what blockchain could bring to enterprise solution and traditional business. Blockchain was no longer just a medium for new age financial transaction, confined to Bitcoin’s potential to disrupt traditional currency exchange. With Ethereum powered smart contracts, Vitalik Buterin opened up a Pandora’s Box of use cases for blockchain technology. Problem is, per their design, smart contracts can only manage data on the blockchain. Their potential, the ability to provide tamperproof, decentralized applications for uses the world over, is still largely untapped, as many of the smart contract programs built on Ethereum lack a bridge to the real world industries they’re trying to improve. ChainLink’s first component consists of on-chain contracts deployed on Ethereum’s blockchain. These oracle contracts process the data requests of users looking to take advantage of the network’s oracle services. If a user or entity wants access to off-chain data, they submit a user contract (or requesting contract) to ChainLink’s network, and the blockchain processes these requests into their own contracts. These contracts are responsible for matching the requesting contract up with the appropriate oracles. The contracts include a reputation contract, an order-matching contract, and an aggregating contract. The first of these, the reputation contract, is exactly as it sounds: it checks an oracle provider’s track record to verify its integrity. In turn, the order-matching contract logs the user contract’s service level agreement on the network and collects bids from responsible oracle providers. Finally, the aggregating contract accumulates the collective data of the chosen oracles and balances them to find the most accurate result. Unfortunately, the ChainLink team does not offer a roadmap, but a testnet of ChainLink’s services should come sometime within Q1 of 2018. Generally, the project’s general lack of marketing and concrete updates have frustrated community members in the past. Sergey Nazarov, the project’s CEO, is known for a quiet community presence that favors of behind-the-scenes work on ChainLink. The team may not hype their project much, but for what it’s worth, they sacrifice brand marketing in favor of product development–and some community members find this focus to be refreshing. For instance, they’ve established an oracle with Swift Bank, and have a few quiet partnerships with zepplin_os and Request Network. Chainlink has the potential to connect smart contracts with the outside world. It may allow parties to smart contracts to be able to receive external inputs that prove performance and create payment outputs that end users want to receive, such as bank payments. This has the potential to allow smart contract to mimic the vast majority of financial agreements currently available in the market. With the ChainLink Network, anyone can securely provide smart contracts with access to key external data and any other API capabilities, in exchange for financial reward. Although it remains to be seen how the incentive system will operate, there is potential for rewards similar to those available for crypto miners to be available to Node Operators that provide useful data to the Chainlink network.' Check out CoinBureau for the complete review on Chainlink.

SOURCE: COINGECKO

instantcryptocurrencyexchange Statistics

Instant Cryptocurrency Exchange Platform