Post
Topic
Board Service Announcements (Altcoins)
Re: [ANN][EXCHANGE] WCX – Low-Cost Crypto Exchange built by Apple & Wall St team
by
RobZorba
on 07/08/2017, 18:52:21 UTC
Bump ... will the WCX team post answer to these questions ... please?

Hi WCX team,

Well, congratulations on everything you are doing and I wish you and all shareholders (including myself) huge success.

As others have said, dimensioning a crypto currency platform to be capable of handling millions of transactions a second is a huge undertaking.  I have questions on this.  WCX will be trading BITCOIN, ETHERIUM and mostr other popular blockchain currencies.  Now, BITCOIN has some serious dimensioning problems in its own right.  The transaction history is never archived, so every BITCOIN gets bigger and bigger and slower and slower.  The press have reported backlogs in BITCOIN transactions amounting to more than 165,000 transactions with no confirmation, and it is growing, not getting less!

http://www.newsbtc.com/2017/05/12/bitcoin-network-backlog-grows-165000-unconfirmed-transactions/

My question are these:  when BITCOIN transactions are made on WCX, who will confirm the transaction and process the BITCOIN chain?  Will this be done by the WCX platform itself, or will the BITCOIN that are traded by WCX just join the ever growing global queue (and growing backlog) to be processed by a distributed server somewhere else?  And if WCX servers will be able to process the BITCOIN transactions directly, then is it possible that the WCX platform could also be used to process and reduce the global backlog?  And if so, how will WCX earn money by doing the work of other traders for them?

Thanks a lot,
RobZorba