Project Overview
QuarkChain is a reshardable two-layered blockchain to provide a high-capacity peer-to-peer transactional system. Elastic sharding is applied in the first layer which allows high throughput by effectively distributing data, and the Root layer which also referred as the second layer use to confirm the blocks from the first layer. QuarkChain vision is to leverage the team expertise in developing large-scale distributed systems in the centralised world applied to blockchain to create unique solution to its scalability issues that Bitcoin and Ethereum are struggle with. Below are some of the features of QuarkChain:
- 50% or more of the hashpower will be dedicated to the root layer to prevent any double spending attacks.
- No lower limit as to the number of nodes required for a shard.
- Supports GPU mining.
- The more nodes there are, the higher the scalability.
TImeline
| Date | Goal |
|---|---|
| 2017 Q2 | Blockchain Scalability Problem Research |
| 2017 Q4 | White Paper Draft |
| 2018 Feb | Verification Code 0.1 White Paper Release |
| 2018 Mar | Testnet 0.1 Wallet 0.1 |
| 2018 Q2 | Testnet 1.0 Smart Contract 0.1 |
| 2018 Q4 | QuarkChain Core 1.0 Mainnet 1.0 SmartWallet 1.0 |
| 2019 Q2 | QuarkChain Core 2.0 SmartWallet 2.0 |
Team
The team consists of 9 members, with the following being the key members of the team:
Qi Zhou, Founder – PhD in Electric and Computer engineering with 5 years’ experience in engineering and software engineering with the most recent being with Facebook as a software engineer.
Zhaoguang Wang, Software Engineer – 7 years’ experience in software engineering with tech giants such as Facebook, Instagram, and Google.
Xiaoli Ma, Research Scientist – Professor at Georgia Institute of Technology. PhD in electrical engineering and 7 years’ experience in the tech industry with the most recent being the CTO of Ratrix Technologies.
Yaodong Yang, Research Scientist – PhD in engineering, and a Tenure Track Professor at Xi'an Jiaotong University, and co-founder of Demo++ Technological Incubator.
They also have 6 advisors including Bill Moore, Chief Engineer for Storage at Sun Microsystems, Arun G. Phadke, Virginia Tech Professor, Zhiyun Qian, cyber security expert, among others.
Conclusion
Overall, I believe there's a potential in long term for this ICO. The full token metrics haven't disclose yet, but with a hard cap of $20 million with high market awareness over 70k user joined their telegram group compare to TRON 2.5k and the demand for private sale is over subscribed, I truly believe there will be substantial unmet demand following token distribution. Besides, I am solely impressed by QuarkChain tested to have a solid TPS compare to Bitcoin and Ethereum.
More Information
Website: https://quarkchain.io/
Whitepaper: https://quarkchain.io/quark.pdf
Telegram: https://t.me/quarkchainio
Github: https://github.com/QuarkChain
- The information contained in this article is for education purpose only and not financial advice. Do your own research before making any investment decisions.