There are many big statements made by public figures regarding ICOs and how ICos will be the big things in 2018. QuarkChain is one of the biggest ICOs of 2018 with a telegram community of 64000+ people. QuarkChain is something that most people of the crypto community is already aware of.
- QuarkChain is a high capacity peer to peer transactional system with a transaction speed of 1,000,000 TPS (transactions per second). Most of the currently existing cryptocurrencies are getting value due to their high transaction speed. And just so you know ethereum supports 15 transactions per second.
Why QuarkChain is so special?
QuarkChain uses two-layered structure. The first layer (elastic sharding blockchains called shards) and a root blockchain that confirms the blocks from the shards. The first layer can be resharded without changing the root layer. To understand sharding is the partitioning of a big database into smaller parts and by using that QuarckChain allows multiple cheap nodes to form a cluster and run as a super full-node.
All transactions are protected by 50% hash power of the network.
QuarckChain has adopted the Ethereum Virtual Machine (EVM) to allow for easy migration of existing EVM decentralized Apps on the QuarkChain platform.
Design Principle:
- Enhancing the scalability while ensuring security and decentralization
- Enabling seamless cross-shard transaction for user quality of experience
- Simple account management of clients
- Open standard to support various Dapp
- Incentive-driven ecosystem
These are some of the important details of the QuarkChain extracted from the QuarkChain's whitepaper:
https://www.quarkchain.io/QUARK%20CHAIN%20Public%20Version%200.3.4.pdf
You can go through the above link for more details.