One of the biggest challenges for public blockchain is scalability. For widespread adoption to take place, blockchain tech must be able to handle the demands of enterprise activity today and for the future. Simultaneously, these blockchains must be efficient – not using up more value than they seek to create.
Quanta Chain is a new public blockchain that seeks to join a growing group of distributed ledger tech firms that want to provide an enterprise level solution. The company claims to provide an infrastructure that is 15x times the the popular Ethereum option.
According to the company Quanta Chain is live today, using cross-chain order architecture and fast order-book based on memory ledger, enabling any company to build a decentralized trading platform on their infrastructure. Quanta says it is different from existing platforms which are “yet to find the ultimate solution to real time asset trading.”
Quanta Chain says it delivers “near-instantaneous, on-chain order matching (at <1 sec latency) and enables cross-chain transactions, which prevents other DEXs from infinite scalability.”
As part of their goal, the company will be launching a decentralized digital asset exchange this December. The Quanta Dex is said to have 300,000+ registrations in advance of the launch.
Quoc Le, co-founder and CEO of Quanta, says they are on a mission to be the first public blockchain to “provide instant liquidity many orders of magnitude faster than existing solutions.”
“We predicted that current blockchains were not suitable to built the fastest decentralized exchange and Mr Vitalik Buterin recently confirmed when he said- “Every Present-Day” Blockchain Sucks (Even BTC And ETH). We are building a public blockchain with the fastest order-matching which provides a true alternative to the centralized exchanges which still dominate, and a DEX which abides by the ethos of egalitarian blockchain technology.”
Le believes that the challenge to building fast, scalable, digital asset exchanges, is an I/O problem that existing general ledger blockchain technology will never have the capability to solve. The single most critical factor limiting the wider adoption of DEXs is the lack of liquidity, caused in part by blockchains working and developing in silo.
Quanta co-founder and Director of Marketing and Operations, Afonso Barbosa, adds that they have the technical expertise and vision within their team to deliver a solution which meets the needs of an ever-expanding, rapidly advancing and technologically evolutionary demands of asset exchange on blockchain.
“We are working with a number of market leading partners to provide the most comprehensive blockchain infrastructure for DEX available today and we welcome all blockchains to partner with us and increase their liquidity”
Singapore based Quanta is in the midst of a token presale with a crowdsale to follow. The white paper is available here.
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