With time everything around us evolves. The Blockchain is an evolution of the internet, say Blockchain is internet 2.0. If I have to categorize Blockchain’s evolution, then Bitcoin is Blockchain 1.0, Ethereum is Blockchain 2.0 and many new 3 rd generation blockchains are coming up, but Quarkchain is Blockchain 4.0.
Yes I know you might be thinking how come this is one step ahead of everything. I know it’s weird but it is really Blockchain 4.0
If we see the current scenario of Blockchain it has some major issues to tackle like scalability, security before it gets mass adopted. Everybody knows the Cryptokitty disease. Those cute kitties forced projects to postpone their TGEs. Can you believe it!. I could not either but I know I was unable to move my ERC20 tokens from my MEW to exchange and missed opportunities. In a way, I like what happened because it showed us the reality why without scalability Blockchain will end up being only a short-lived fantasy.
Right now Bitcoin network can process 4 transactions per second while Ethereum network can process 5 transactions per sec. Just to show you how fast these networks are compared it to the fact that Uber processes 12 transactions per second. Oh no! Now it seems like Blockchain is synonymous with a turtle. To tackle this scalability issue new generation Blockchains are coming up and transaction speed is supposed to increase. These are Blockchain 3.0.
I know you are still looking for that +1 part. It will be there in time, HODL my dear friend.
QUARKCHAIN can support more than 1 million transactions per second but what makes it different is, it is secure and truly decentralized. Its network does not need fancy, pricy ASICs to support the network. Many nodes can club together and form a bigger node to process the transaction. So, it involves participation of the masses. This network Is by the mass and for the mass. Power in the hands of people and distributed evenly unlike the cluster of ASIC farms. This is what makes it ahead of time and that’s what makes it Blockchain 4.0