QuarkChain is the hottest ICO of 2018. With increased transactions, sharding capabilities, scalability and improved security, Quark will be the technology to watch out in blockchain space. A team comprising experts from Internet biggies such as Facebook, Google, Demo++ etc., and Advisors with blockchain experience, this project will disrupt the blockchain industry
Let's look at QuarkChain in detail: It is high throughput blockchain that aims to achieve millions of transactions per second. The aim of QuarkChain is to address scalability challenges experienced by the major blockchains. The scalability challenge is one of the key issues that the crypto community is trying to address through forking. QuarkChain is launching an ICO with ticker QKC. During the sale, the tokens will be issued on the Ethereum blockchain as ERC20 tokens which can be later converted to QuarkChain net tokens after the main net is launched. QKC will be minable tokens.
QuarkChain will support decentralized applications (dapps) and has potential usecases for high transaction dapps. QuarkChain can be best suited for marketing and advertisement, IOT, Machine learning, Big data, Gaming, etc where apps require high throughput.
QuarkChain's standout factor lies in not just achieving high transactions per second but also to maintain the decentralization of network to provide secure and tamper proof blockchain. QuarkChain is unique as it aims to address all the key requirements in blockchain - Scalability, decentralization and Security
QuarkChain features
QuarkChain is built on the principle of a well-structured DAG and below are QuarkChain technology capabilities
Reshardable two-layered blockchain: QuarkChain will be built as two layered blockchain with shards in the first layer and root blockchain in the second layer that confirms the first layer blocks. The second layer is flexible to be reshared without the need to change root blockchain.
Guaranteed security by market-driven collaborative mining: Game based framework will be used by QuarkChain to ensure blockchain's network security. By maintaining minimum of 50% of hash powers in the rootchain, the transaction attacks are prevented.
Anti-centralized horizontal scalability: To maintain decentralization with high transactions per second, QuarkChain will allow the use of multiple cheaper nodes instead of super-full node
Efficient cross-shard transactions: QuarkChain will permit cross-shard transactions that can be confirmed within minutes and the speed increases with the increase in the number of shards
Simple account management: There is only one account needed for the entire blockchains (shards) in QuarkChain. All cryptocurrencies from different shards are stored in one smart wallet
Quarkchain aims to deliver 1000s or millions of transactions per second in a few years at its peak performance.
CPU: Scalability increases with the increase in no of cores due to sharding. CPUs are critical for transaction validation. With clustering feature enabled, QuarkChain should be able to achieve 1+M TPS with more than 10+ machines in the cluster.
Network bandwidth: With the Industry Internet turning towards fibre, network contention for transactions can be relatively avoided in the future
Block Size: This plays a key role in achieving high transaction output. Depending on the block size, transaction throughput can vary
QKC Token distribution
Total Supply: 10,000,000,000 QKC
Token Sale: 20%
Team: 15% (2 years lockup)
Foundation: 15% (2 years lockup)
Advisor: 5% (2 years lockup)
Mining, Community and Marketing: 45% (2 years lockup)
Whitepaper: https://quarkchain.io/QUARK%20CHAIN%20Public%20Version%200.3.4.pdf
Telegram: https://t.me/quarkchainio
Github: https://github.com/QuarkChain