Name Of GOD.
Introduction
People often misunderstand that the industrial revolution (the catalyst of modernity and the geopolitical stimulus to date) is a phenomenon that occurs at once in a vacuum across the globe. Indeed, inventions such as steam engines and cotton cleaners have lasted decades to expand their performance and make their impact on the daily lives of people all over the world. The steam engine itself is an example. Although its early versions were available until the early 1700s, only a century later the technology was equipped by the British Isles to conquer the world. Two centuries passed quickly, and the wave of digitalism that began in the late 20th century, which we are still experiencing, was considered by many scholars equivalent to the industrial revolution of 2. 0, and this is nothing but the emergence and It was not a web development that, with its growing growth, turned the world into small villages. As the world was created during the First Revolution, it is now ready to move on to another era. Increasing businesses in technology, common economics, and online platforms all indicate the way ahead. The Internet is one of the factors that integrated them all.
BlockChain technology
This unknown, but dreamlike tool, with its potential and actual applications, has been able to revolutionize the Internet. BlockChain can be considered as a digital library that is immune to corruption and can record any financial transaction and economic transaction with a high security factor.
BlockChain technology shares its database that deals with the registration and distribution of information. The most important feature of this database is its history part, which makes it almost impossible to change the input data at the base; therefore, the reporting system in this database has made it more powerful and better than ordinary databases. Experts believe BlockChain has created a new type of backbone for the backbone. This unknown, but dreamlike tool, with its potential and actual applications, has been able to revolutionize the Internet. BlockChain can be considered as a digital library that is immune to corruption and can record any financial transaction and economic transaction with a high security factor.
BlockChain technology shares its database that deals with the registration and distribution of information. The most important feature of this database is its history part, which makes it almost impossible to change the input data at the base; therefore, the reporting system in this database has made it more powerful and better than ordinary databases. Experts believe BlockChain has created a new type of backbone for the backbone.
Different types of blockchain technology
Bitcoin was the first application of this technology and took advantage of Blockchain to store user asset information. If the block is a system operating system, Bitcoin is software on this operating system. In each block, any information can be recorded; From one person's crime to displaying account information for assets such as bitcoin. In the Chain block, information is placed in blocks and linked together in a chain.
Ethereum, the second largest digital currency market platform for the intelligent processes and space for decentralized and automated applications, was officially introduced on July 30, 2015, under the auspices of the young 23-year-old Russian, Vitalik Buterin. In the Ethereum blockchain, instead of working for bitcoin mining, miners work for an encrypted digital currency called the ether that supplies the network. In addition to a commercial and portable digital currency, the ether can also be used by software developers to pay for the transaction costs of the software in question. ETH is going on POS system instead of POW system.
problems of Current blockchain system
BTC and ETH are the main cryptocurrencies, but they have some problems. Maybe you reminded 7 months ago that the fees of BTC’s blockchain raise about 40$ for each transaction, also you may remember that BTC’s speed decrease and you cannot transfer your monies. If you wanted to send some BTC or ETH you needed a high level of patience inside the high cost of the fee. Moreover, security and scalability issue are big problems. At the moment, solutions to this problem have been made, of which the Lightning Network can be mentioned, but there must always be something sacrificed! Reversing database in the bitcoin community would seem to be the best solution to overcome this problem; researchers have come up with a variety of solutions. Solutions that are solving a defect at the levels inside the chain (that is Chain) and outside the chain (off Chain) and at the level of consumer protocols.
Three sides of the triangle of scalability:
The scale is the ability to support a large number of users
Decentralization of a state in which there is no control from a general system.
Consensus or agreement between each node to confirm each transaction
since in each section of the triangle, the two sides collide, in the blockchain, developers focus on two sides of the three sides. For example, developers can achieve decentralization by implementing the two principles of scalability and consensus. In most of the cases to reach scalability, we must forget decentralization of system. Because when you use lighting networks you must forget decentralization issue.
Today, in order to execute a blockchain, it is necessary for all computers or nodes of the network to authenticate this transaction or execute a smart contract in which a code is stored in the network that specifies the conditions necessary to execute the transaction. Once all these nodes have achieved the same results and consensus, this transaction is confirmed and, as you can imagine, this process will take time.
In other words, the scarring uses the parallel processing power of different network devices to divide the workload of the transactions under review. Which automatically divide the network into smaller sections or chunks, each executing smaller-scale consensus protocols.
Such networks are usually able to execute hundreds of transactions per second per shipment (PSPS) and a total of thousands of transactions in one second during parallel processing.
A network with more nodes connects increasingly faster transaction approvals. When such a network is as large as Ethereum, it will be able to execute a large number of transactions at a faster rate and at a lower cost than the visa.
So the main blockchains have some problem containing:
1- Security level of previous blockchains (low)
2- Speed of transactions are very low
3- Scalability of pervious blockchains
4- Decentralization regarding Scalability problem and lighting network.
So, as you find out there is a tradeoff between security level (for data usage for security) speed of transaction. If security level increase, speed will fall and if the security level is low, speed will increase. This is a huge challenge in cryptocurrencies.
What is the solution? Is there any solution to those problems? .
Third revelation of technology
Quarkchain revolution as the solution of those problems , But how, be inside us with reading more..
Maybe want to know how can we overcome this challenges, how can we have high-security level be inside of high speed of transactions? That is simple. Quarkchain considers security inside high level of transaction speed. Also, Quarkchain considers user friendlies factors. It will give clients Open standard to support various Dapp and also the incentive-driven ecosystem. These techniques will overcome other systems technologies because in other systems. for example in omniledger when power downed to 1 percent, the speed of transactions reach to 100kTPS and there is a trade-off between power and speed of transactions. It is not good to we reach a higher speed of transaction and loss security of clients simultaneously, so This is very amazing for a blockchains systems and it can be considered it as the 3rd revolution of blockchain technology.
How does Quarkchain do this process?
The main root chain of Quarkchain is shown in below image. As you can see, each subsystem process some transactions. We have to main layers in this network two solve older blockchain (like BTC and ETH) One for security and increasing the level of security and another one for transaction process and reaching a higher speed. This architecture will help network to be stable, secure and high speed.
Fig. structure of system
In each block, we can see two functionalities include Q-ledger to include current ledger state and results of records. And confirmation for confirmation of the result of transaction from ledger and mines the block to reach the desired difficulty. So, Quarkchain network adopts the divide-and-conquer idea two separate two main functions (scalability and security) in two layers. This network designed for elastic sharding blockchain layer, that causes increasing the number of transactions and shard without loading extra loads to the main layer. So we will have a structure like below table:
In summery sharding process sub-transaction in minor blocks and after this, root layer process root blocks. It is fastest and securest way to reach a higher speed in the newest revolution of blockchain. Blocks of root do not process any transactions of sharding layer and sharding layer never process the main root layers of duty, those are separate and that causes reaching security and high speed.
So by this system, we will have All-in-One as shown in below image:
why we must invest on Quarkchain?
because it solve security inside scalability and complete the puzzle as you can see in above image. also, The main futures of Quarkchain network are:
1- decentrliazed Horizontal Scalability Expansion
2-Efficient and Secure Cross-Shard Transaction
3- simple account management
4- Cross-Chain Transaction
after token sale according to road map, test net and wallet 1.0 will released ( Mar 2018). the main net ,core and smart wallet will launched in Q4 of 2018.
Great team
Road map
sourcess
Site: https://quarkchain.io
White paper: https://quarkchain.io/QUARK%20CHAIN%20Public%20Version%200.3.4.pdf
Steemit: https://steemit.com/@quarkchain
Telegram: https://t.me/quarkchainio