What is LQX?

LQX is a digital cryptocurrency that enables anonymous, instant payments to anyone, anywhere in the world.

LQX uses peer-to-peer technology to operate with no central authority: managing transactions and issuing coins are carried out collectively by the network.

LQX Core is the name of the open source software which enables the use of this cryptocurrency.

Introduction

Cryptocurrency is an electronic money created with technology controlling its creation and protecting transactions. Instead, encryption techniques using computers and open source software generate the currency based on mathematical proof, or blockchains.


Cryptocurrencies such as Bitcoin, Ethereum, Dash are decentralized: There’s no one place like a bank where the currency is held, and a private security key tied to an open source ledger proves who holds the value.

As an electronic payment system, cryptocurrencies are instantaneous and have low transaction fees compared to traditional banking systems, which are comparatively slow and have high fees associated, and sometimes you need to wait between 2 and 3 days to receive your transaction.

Bitcoin is the first digital cash created in 2009. It was made by an unknown person or group who went by the name, Satoshi Nakamoto.
After the success of Bitcoin, many cryptocurrencies, known as Altcoins, have emerged. The potential of the blockchain to revolutionize the way transactions are made has seen an explosion of interest in technology.

Currently, the cryptocurrency market is full of coins and tokens, with varying intent, motivation and affiliation. The myriad of tokens and projects, some new and ambitious uses of blockchain, other in essence clones with captivating names, serves as an impediment to the widespread adoption of cryptography as a legitimate and borderless alternative to the fiduciary currency.

Bitcoin, despite its constant innovation, has not yet succeeded in be fully accepted and adopted as a currency, due to its volatility and slowdowns for payments remaining widely viewed only as a value reserve.

As the world approaches a decade since the launch of Bitcoin, a definitive identity for cryptocurrencies still has to emerge. This lack of identity has made the public to see the encryption market as a 2.0 stock market.

Market volatility and saturation intimidating potential adoptants, who consider it not as an alternative to the currencies, but as an investment opportunity of risk.

Executive Summary

Currently, the process of exchange is extremely due to the various rules imposed by the market. LQX Crypto (LQX) emerged to solve this issue and revolutionize the process of trading on the market, creating a virtual system where people from all over the world, from companies to agents can participate in transactions.

Liquidex integrates in LQX features inspired by pioneering technology, of Bitcoin’s distributed accounting consensus, as well as DASH innovations, being a coin with its characteristics and with a consensus algorithm Proof of Stake POS/Masternodes.

The LQX cryptocurrency is valued by the market demand volume, or the greater number of people buying the coin, the greater aggregate value of the same and its price will go up. Along with this system, a market platform will be created, a place where people can buy and sell their owns products and services paying with LQX. Also, users will be able to invest in Masternodes, mining, arbitrage and even funds from investments in cryptocurrencies, where the only payment accepted will be LQX.

Note that this whitepaper, despite an extensive introduction and explanation of the LQX, contains no faults or mathematical or cryptography explanations.

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