INTRODUCTION
Blockchain innovation is fast evolving in the present
innovation mindset. Bitcoin and Ethereum are the principal agents of Blockchain innovation. Despite the fact that blockchain is fast developing , clients still experience a few sorts of the issue on existing previous existing Blockchain technology, Some of them are;
Security Issues, Decentralization Issue and Adaptability.
The Quarkchain stage has been created as an answer for all the above mentioned issues.
WHAT IS QUARKCHAIN?
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 me 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 shared blockchain. In addition, the root layer doesn’t process any of the transactions.
REASONS FOR THE CREATION OF QUARKCHAIN
QuarkChain, aims to solve the dilemma
that face’s blockchain technology, by utilising sharding technology! What is this trilemma?! Scalability, Security and Decentralisation. For instance Ripple (XRP) is a very fast blockchain (thousands of TPS), but it is very centralised! This is not an ideal solution! As its not really any different from centralised power structures that already exist!
How will they solve this problem?
QuarkChain, will use sharding technology to create a 2-layer blockchain system! One chain will have elastic sharding principles, stretching as the network requires. This chain will be confirmed and verified by the Main root chain, to keep the network secure. Efficient communication between the chains, will allow cross shard transactions to take place in minutes, and will scale up as cross shard transactions increase. You will be able to manage all of these transactions from one address, creating a nice user experience.
FEATURES OF QUARKCHAIN
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.
UNIQUENESS OF QUARKCHAIN
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.
Conclusions
This project seems like it could be one of
the best project for 2018, quarkchain has a great team with staff from big tech companies such as google and facebook. They are bridging the way for mass adoption, which requires a highly scalable block chain solution, it will also blow away other centralised value transfer mechanisms such as VISA, which can only handle a
load of 4000~ TPS.
Useful links:
Telegram Group: https://t.me/quarkchainio
Telegram Channel: https://t.me/QuarkChain_News
Twitter: https://mobile.twitter.com/Quark_Chain
Website: https://www.quarkchain.io/
GitHub: https://github.com/QuarkChain
Whitepaper: https://www.quarkchain.io/QUARK%20CHAIN%20Public%20Version%200.3.4.pdf