The world is getting digitalized day by day. All the technologies are making our lives easier just by a click. Even the transaction system has gone so far that we can pay any bills through the virtual currency which is also known as a cryptocurrency. This needs a blockchain network to transact the currency. Currently, lot business industries are growing by the focus of cryptocurrency and therefore, many blockchain networks are constructing. QuarkChain is one of the best-developed blockchain network systems for the cryptocurrency. It ensures the high capacity of peer-to-peer transaction system and it is operating with the help of the foundation version of 0.3.4. It has made the system decentralized, secure and scalable and it does not require any permission for the blockchain operation.
Sharding is one kind of technique for partitioning the data in a larger database into some smaller parts. The most common method for centralizing the systems is to address the scalability of the problem. For example, it uses BigTable and Cassandra as the non-blockchain world that was born to solve the issues of throughput. Especially, the shrading process has already been adopted by Ethereum to scale out. It is basically the phase one for the development of a complication.
This adopts the sharding for the existing Ethereum with the full supported fundamental sharding features like cross-shard transactions. it also faces some sharding challenges that includes some cross sharding transactions including the security issues like single shard took over and the further scalability issue. Some other proposals are also available for the claim over OmniLedger with the reach out for 100,000 TPS. It introduces intricate for consensus protocols. For instance, the user amount is partitioned by the sharding of introduction. This ends up with the users by having various accounts s that the transactions can happen to the clients from every corner of the world.
Even though the security, decentralization, and scalability are very important for a blockchain since there are some tradeoffs present among them. The process s interconnected with the other crypto coin service providers. If one intends to increase the security and privacy then a bigger amount of data will be required for every sort of transaction for lowering the transaction speed and larger storage. The cost of confidentiality highly depends on the improved technologies according to the privacy of the Bitcoin. It stores a larger amount of data that Bitcoin needs for ensuring privacy policy.
Blockchain technologies are highly influenced by the world and its effect. It has technological needs to be improved that also face some major issues regarding centralized proof of work with mining pools. It is making the blockchain possibly to be decentralized. Another major issue that is faced that most of the recognized blockchains are not scalable for higher transactional throughputs result in mainstream adoptions becomes impossible. QuarkChain has an aim to develop the blockchain in terms of solving these issues to extend the scalability.
Right at this moment, QuarkChain has more than 1 million TPS that is working out without making any compromises into the structure with the root chain. Te blockchain shards will run the subsets of the transactions independently. As much as the number of shards into the network, the higher will be the capacity of the blockchain. This is how QuarkChain is maintaining their service and making the system adaptable for everyone whoever is interested in it.
Official Website：https://www.quarkchain.io/
Whitepaper:https://www.quarkchain.io/QUARK%20CHAIN%20Public%20Version%200.3.4.pdf
Telegram: https://t.me/quarkchain
ETH : 0xD06FC8a2d55A84bb2Bd942cb4136835D72BE9ea8
