QUANTA’s Mission for Fair Trading

4 min readNov 22, 2018

QUANTA is building the fair trading protocol as an extension of our vision. It is the only trading protocol with on-chain token custody, fully decentralized security with no compromise on speed, and an auditable, anti-front-running ledger. Now is the time for fair trading.

Why Fairness Matters?

The next stage of the crypto revolution is the tokenization of physical and virtual assets, and that means coins are becoming digitized bits of valuable assets (eg. STO) that need to be secured and traded fairly, more than just currencies for speculation. This transition from being an instrument of speculation to a vehicle of value for assets, means coins need a higher level of security and fairness during trades. The market needs to evolve to a stage where the risk of losing coin custody is no longer an unavoidable cost of business, and all trades are treated equally.

What is Fairness?

In QUANTA’s view, fairness means delivering on three promises. First, we should not force traders to compromise between speed and decentralized security. That would be like asking someone to choose between their right-arm or their left-leg. The QUANTA protocol provides a decentralized architecture that has no single point of ownership (and therefore no single point of failure), along with sub-second, enterprise-grade trading speed.

Second, we do not believe it is fair to ask people to give up custody of their token at any point during a trade. Today, when trading between two different blockchains, technology forces us to give custody to a centralized exchange in order to facilitate trading. The QUANTA protocol delivers Satoshi-grade security that gives traders 100% custody of private keys end-to-end from order-matching to settlement, along with a tamper-proof order-book, and decentralized cross-chain transfers. Satoshi-grade means a security level that approaches the ideals that motivated the invention of Bitcoin; that we as individuals can truly own our assets (and our data) and only we as individuals have the private key to it.

Third, we do not believe anyone should have an insider-advantage during order matching. The QUANTA protocol delivers full and fair transparency with an auditable on-chain order-book that can detect and prevent front-running. These three promises are the pillars of the QUANTA protocol, and they are our pledge to the future: uncompromising performance, on-chain custody, and auditable order-book.

All-hands on deck for the QUANTA Fair Trading Protocol

How QUANTA Technology Will Deliver Fairness

QUANTA is a team of technologists and product-makers driven by the values of fair trading and Satoshi-grade security. To deliver on our three promises, we’ve developed three core technologies: Distributed Orderbook Technology (DOT), Cross-chain Ledger Technology (CLT), and Open-source QUANTA DEX.

The DOT handles on-chain order matching, built from the ground up featuring Byzantine-based consensus and sub-second latency. To ensure the order book is auditable, all bids and asks are on-chain and timestamped, which allows everyone to know the ordering of trades, and QUANTA provides an open-sourced auditor to check on-chain data for front-running.
The CLT enables assets to freely move across multiple blockchains while maintaining end-2-end user custody and decentralization, using on-chain collaborative signing (COSI) protocol.
Last but not least, QUANTA DEX is an open-source, React-frontend project, showcasing the end-user experience of the QUANTA technology stack, which allow developers to build exchanges on top of the QUANTA fair trading protocol.

TestNet Coming Soon!

The QUANTA team has made tremendous progress in 2018, and we are closing the year with a big announcement. QUANTA will launch our TestNet in mid-December to give everyone a test drive of our technologies, and hands-on experience with our fair trading protocol.

We are very excited to put the proof of our work into the hands of the community, listen to their feedback, and get the community more involved in the movement to make fair trading a norm rather than an exception.