QuarkChain is a blockchain claiming that it offers 1 million chain transactions per second. This claim makes it sufficient to make him the subject of review.
What is QuarkChain?
QuarkChain is a blockchain project based on the idea of fractures, sub-chains and root-chains. The project was first published online in February 2018.
An ICO for QKC tokens was launched in May 2018. Meanwhile, the company is preparing to launch the first version of the blockchain until the first quarter of 2018.
In the introductory video, QuarkChain describes itself as a bir highly scalable, decentralized, secure, public, unauthorized blockchain Tanıtım. The goal of Blockchain is to move the industry forward by offering improved processing capacity.
Let's take a closer look at how QuarkChain works.
How QuarkChain Works
QuarkChain offers a highly scalable blockchain, which claims to be able to process 1 million chains per second.
QuarkChain provides better scalability by using a two-tier structure. The first layer provides elastic merge, a database partitioning type that separates very large databases into smaller, faster, and more easily managed and system-called components. Data pieces are an important part of the QuarkChain project.
The second layer, meanwhile, is known as root blockchain. This is the component that verifies the operations (blocks) pushed by the first layer. The second layer of QuarkChain can be tabak recharged ı when needed, without changing the root layer.
Another feature of QuarkChain is its ability to offer guaranteed security through market-oriented collaborative mining. This means that 50% of the mixed power of the network is divided into root blockchaine to prevent double spending attacks. Additionally, low resource nodes can create a cluster to create a super node. QuarkChain will also offer efficient cross-shard operations, including two different types of in-shard and cross-shard operations.
Finally, users will interact with the QuarkChain blockchain via a simple dashboard. This dashboard will allow you to view all encryption from different obstacles - that is, from different parts - from a wallet screen. You will also be able to manage all addresses using a single private key.
QuarkChain will also support smart contracts. In fact, the blockchain supports smart contracts that work in particular in the Ethereum Virtual Machine (EVM). This means that developers can apply smart contracts directly to QuarkChain.
How QuarkChain (QKC) Tokens Work
QuarkChain has its own token called QKC. ERC20 tokens in the Ethereum blockchain.
When QuarkChain starts in the last quarter of 2018, your QKC token in the Ethereum blockchain is converted to QKC tokens in the QuarkChain blockchain. When released, QKC token; it can be used as a value, a transaction currency and a contribution reward.
How does QuarkChain solve a problem?
Why do we need a solution like QuarkChain? What problems are different from today's blockchains? The QuarkChain white paper describes all of the following issues:
Security Issues: Blockchain is an object of security issues. QuarkChain White only talks about a security issue, which is a 51% attack. Nevertheless, 51% attacks can definitely create a security problem for blockchains.
Decentralization: Bitcoin and other blockchains are designed to be completely unstable. Each node has one vote and all nodes are impossible to control. In fact, we have seen that mining pools and other groups of collectively organized nodes to vote the blocks. This is a major threat to the decentralized nature of bitcoin.
Scalability: Blockchains such as Bitcoin can have problems with scaling. As the processing capacity increases, the size of the blockchain grows; this leads to greater requirements for storage, bandwidth and computational power.
Lightning Network: QuarkChain whitepaper refers to the Lightning Network as a problem for existing blockchains. The most common criticism for Lightning Network; This is because a decentralized blockchaine brings the central payment process and threatens the future of bitcoin as a decentralized payment solution.
QuarkChain Features
QuarkChain offers all of the following features.
Centralized Horizontal Scalability Expansion: QuarkChain has a node confirming all small blocks and root chain blocks. This is called a super full node. Running a super-full node on your own would be costly. That's why QuarkChain found an innovative solution; they allow multiple small nodes to gather together in a cluster and work as a super-complete node. Each node in the cluster verifies only a sub-chain set, and the rest of the nodes can fully verify all blocks, even if a node fails.
Cross Shard Operations: QuarkChain will offer two types of operations, including in-shard and cross-shard operations. Any user can do cross-shard operations at any time. Cross-shard operations can be confirmed within a few minutes.
Cross-Chain Operations: QuarkChain allows cross-chaining because it only retains one root chain. The root chain facilitates token operations from another chain using an adapter. The blockchain operation then performs a cross-shard operation on the QuarkChain side.
Smart Wallet: QuarkChain will be a smart wallet with two levels, including your primary account and secondary account. The primary account is the user's address in a default part, and the secondary account manages the remaining addresses of the user on the remaining parts.
Who's behind QuarkChain?
QuarkChain is run by an older Google employee with 15 years of development experience, who specializes in high-performance systems; Qi Zhou. He also holds a PhD from the Georgia Institute of Technology.
Other listed members of the QuarkChain team include ZhaoGuang Wang (Senior Software Engineer), Ting Du (CMO for China), Anthurine Xiang (CMO) and Kyle Wang (COO).
The team started researching QuarkChain in 2017, then published their online introductions on the internet in February 2013. The goal is to launch QuarkChain Core 1.0, Mainnet 1.0 and SmartWallet 1.0 in the last quarter of 2018.
In summary; QuarkChain (QKC Token)
QuarkChain is a blockchain that aims to offer 1 million transactions per second. Solves the problems of today's blockchain (including extreme centralization, poor scalability and security risks) using a unique system such as quarks, sub-chains and root chains.
For more information about QuarkChain you can visit their sites. The sale of QKC tokens is planned to be made in April or May 2018, although the exact dates have not been announced yet.
You can buy QKC coin in binance.
https://www.binance.com/?ref=11757783
Good luck..
