In this review, we will be focusing on QASH (pronounced “cash”), the native currency of the platform above. QASH is the primary weapon with which Quoine Liquid aims to solve the liquidity problems that currently seem to be plaguing the crypto industry.How does the Quoine Liquid platform work?
To take on this monumentally ambitious goal, Quoine Liquid combines two smartly designed mechanisms/offerings: World Book and Prime Brokerage.World Book
In short, the World Book smootfhly combines order books from different exchanges to one big order book with added fiat-pairs. This provides traders from all corners of the world with the possibility of using a great number of fiat currencies to purchase or sell crypto.
World Book consists out of a matching engine (ME), a cross-currency conversion engine (CCCE), and a smart order routing system (SOR). The ME has the ability to process millions of transactions per second, and it includes support for the major token pairings. It’s designed from the ground up to offer enough scaling power to encompass all new pairings.
The CCCE ensures automated and quick conversions between multiple currencies. It is also designed to ensure an increase in the number of possible matches. Finally, the SRO component is responsible for monitoring all major exchanges and externally competing for orders that can’t be fiddled by default by from the World Book.
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