QuarkChain is a project that is committed to bring together a novel sharping to provide high ability and peer to peer operation system. It provides a solution to most of the problems that have beleaguered the blockchain technology. The project consists of two layers-the root layer and the sharding layer. The foremost is the sharding layer that allows for a high capacity simply by effectively distributing data. Each sub is committed to process a subset of all transactions independently. The shard can process more transactions concurrently as the number of shards rises. The good thing about the root layer is that it will confirm all the blocks from the sharded blockchain. In addition, the root layer doesn’t process any of the transactions.
The Quarkchain design is based on several ideologies which include enhancing the scalability and at the same time safeguarding safety and decentralization. The next one is allowing seamless cross-shard operation for user QoE-Quality of Experience. It also modestly does account management for clients. Another ideology is the open ordinary to upkeep carious dApps and at the same time enrich an incentive-driven ecosystem.
There are several features of QuarkChain which include:
Market driven collaborative mining. With QuarkChain, there is at least 50 percent of the overall mining with power owed to the root chain. The main objective here is to avoid dual spending bouts.
The other feature is the Two-layered blockchain. We have already discussed the root layer and the shard layer which forms the blockchain. There are also nodes and clusters used for mining on the platform. Supernodes can as well be formed devoid of them being run by supercomputers. This is one of the most important and useful features of QuarkChain since it enhances the security of the blockchain.
The other feature is the simple account administration, all crypto-currencies are stored within one smart wallet. What this means is that you will have complete control over your coins and tokens. QuarkChain also supports cross shard transactions. As the number of shards increases, the number of through put also increases.
The QuarkChain coins act as the transaction fees for transactions performed on the QuarkChain. They can also be rewarded to miners. As you make more activities on QuarkChain, the value of the coins will increase accordingly. ERC-20 will be released as the initial tokens. As the placeholder for the value of the coins released with the main-net, the release of ERC-20 will be scheduled in Q4. At the time of the main-net release, there will be a token swap.
Why QuarkChain is Unique
As discussed earlier, QuarkChain offers long and permanent solutions to blockchain scalability. It uses a node that is authentic. What this means is that it provides guaranteed super-full node that provides a security level alike to that of the old-style blockchain. Here, the efficiency and security are guaranteed despite the fact that the super full node can be expensive to acquire and maintain.
QuarkChain takes advantage of its several factors one of them being multitasking one root chain to convert and carry out blockchain user adapter. The account management system assures user gratification and ease of operation. The ecosystem of QuarkChain is an interactive sphere that uses tokens to provide precise solutions to scalability glitches. The platform also provides a basis for authentication of viable businesses and therefore guiding users on decisions about cost-benefit analysis.
The blockchain token is an ERC20 token built on Ethereum blockchain with the total supply of over 10 billion. After the creation of Quarkchain main net, all tokens will eventually be converted as a reward, value carrier or transaction fee
QuarkChain is unique because it provides solutions to null and almost impossible problems affecting traditional blockchain. It is also an internet investment nerve for those who like making a living through the internet of everything-IOT.
WEBSITE https://www.quarkchain.io/
WHITEPAPER https://www.quarkchain.io/QUARK%20CHAIN%20Public%20Version%200.3.4.pdf
GITHUB https://github.com/QuarkChain
TELEGRAM https://t.me/quarkchainio
MEDIUM https://medium.com/@quarkchainquark
FACEBOOK https://www.facebook.com/quarkchain.io
TWITTER https://twitter.com/Quark_Chain
WEIBO http://weibo.com/QuarkChain
Author : Minipun