QuarkChain project is a highly scalable, decentralized, secure blocking system using Sharding technology, whose goal is to achieve 1 million transactions per second (TPS).QuarkChain uses fragmentation to provide a high-performance peer-to-peer transaction system. The system consists of two main layers - the level of fragmentation, which enables the system to obtain high throughput due to efficient data distribution and the root layer, intended to confirm the blocks of the first. QuarkChain wants to create a compromise solution between three positions of the blockade: decentralization, security, and scalability. This solution will allow the blockchain to rise to a new level and even the entire crypto-currency world. If to say in simple words, then QuarkChain sets itself to conduct a huge number of transactions per second, many times more than it was before. It will, without doubt, allow the crypto-currency market to grow faster, which many so want.
The main features of the ICO QuarkChain project:
• Third-party blockers or cross-sections will be connected to the rootchain, only as layers of shards. All cross-transactions can be performed at any time and confirmed within a few minutes. For the built-in Cross-shard, the speed will increase as the number of shards increases in the network.
• In QuarkChain, only 1 account will be provided. All crypto-transitions and other actions will be carried out by managing only 1 smart contract or purse. You can manage all addresses with a private key to all addresses in shards.
• All smart contracts will be supported on the Ethereum platform using the processing power of the EVM machine. In the future, this will allow adapting the scalability due to the existence of working applications dApps.
• There will be a mining for QuarkChain, but for small miners, there will be a special interaction platform that will differ from the work of the largest data centers. In general, the requirements for the decentralization of crypto-active will be increased.
• To build a peer-to-peer network that prevents malicious attacks, traditional blocking technologies require each node to validate all blocks and cancel invalid blocks. In the QuarkChain, the node for validation and root block and all shards is called a super-full node. The developers of QuarkChain provided for a potential scenario of events in which large players will take over a large number of network capacities, and eventually will be able to centralize it. Therefore, it was decided to make it possible to create clusters of individual small nodes. Each node in the cluster verifies a subset of the chains. Once all these checks are covered by all the blockrooms, the validation process is completed. If one part of the cluster fails, its remaining constituent elements are in force to complete the validation process without a lost node.
For transactions on the Quarckchain network, a nominal transaction commission will be required, which will be paid using the QKC's own token. QKC will also be used as a reward for members of the community who contribute to the system. The tokens will be ERC20 tokens during the ICO phase and will be replaced when the primary network is launched in the fourth quarter of 2018. A user can have transaction data on several data in the QuarkChain ecosystem. Each user will have a default primary account address, and the secondary account manages several addresses in other data. A clever wallet will simplify the management of accounts when using multiple addresses, so the user does not need to know about the basic transactions with crosstalk. The first version of Smart Wallet is planned to be launched in the fourth quarter of 2018 along with their main network.
Team
Qi Zhou - founder & CEO. Bachelor of Computer Science at the Shanghai University of the 2009 edition. Ph.D. was already in America at the Georgia Institute of Technology. Experience as a programmer in Google (9 m), DELL EMC (~ 2y) and most recently on Facebook (from 1 year to March 2018).
Zhaoguang Wang developer is an expert in large-scale distributed systems with 6 years of experience on Facebook, Instagram, and Google. He also holds a master's degree in computer science from the University of Michigan. Very experienced developer.
Xiaoli Ma- Education: Automation at Tsinghua University (25th World), Ph.D. Electrical Engineering at the University of Minnesota (163rd World). Associate Professor of the Georgia Institute of Technology (70s) for 4 years. Currently a professor, a member of IEEE at the same university since 2014. Co-founder of Ratrix Technologies to maximize the bandwidth and spectral efficiency of wireless communication systems.
Yaodong Yang is a scholar researcher. Education: 2001-2005 Zhejiang University Bachelor's Degree in Engineering. 2005-2007 Dayton University Master's Degree in Engineering. 2008-2011 Virginia Polytechnic University, Ph.D. in Engineering. In his native universities he was always listed as a research fellow, in July 2015 he founded his technological incubator in China Demo ++
Wencen Wu is another researcher from the University of Georgia. Education: 2009 Shanghai University. 2010 Master of Science in Georgia Institute of Technology. 2013 PhD at the Georgia Institute of Technology. Work experience: Assistant professor at the Polytechnic Institute of New York.
Anthurine Xiang is marketing and community. Last 4 years, Anturin worked in Silicon Valley with companies such as LinkedIn, Chartboost, Beepi and Wish. She has MSE in System Analysis and Economic Management at Johns Hopkins University.
Partners
PMDaniu is a Chinese cloud platform for teamwork for product managers and designers. The company is engaged in investment activities. PMDaniu cooperates with such companies as Alibaba, Tencent, damai.cn, Rongcloud, HSTYLE, JDcom.
PRIMAS is a blockbuster platform for publishing content on the Internet. Carried out ICO last year. Now it is traded on the exchanges OKex, LBank, Gate.io
CHIHUO is an online media communication portal for restaurants that want to reach the Chinese people. It has more than 500,000 subscribers in the BEAT and 400,000 followers on Facebook and Weibo. CHIHUO is likely to be the first Dapp to use the QuarkChain platform with its own token.
SegmentFault is a Q & A website that allows programmers to solve IT problems. Since its launch, SegmentFault has collected more than 500,000 active developers. The project cooperates with GitHub, BaseCamp and Gmail. SegmentFault is the leading technical community in China.
ICO
Token: QKC
Dates of ICO: End of May-beginning of June
Total number of tokens: 10,000,000,000 QKC
Hard cash : $ 16 million (closed sale), $ 4 million (public sale)
Detailed information about the project:
Website: https://QuarkChain.io
Vaytpeper: https://QuarkChain.io/quark.pdf
Blog: https://medium.com/@quark_30920
Telegram: https://t.me/QuarkChain
Github: https : //github.com/QuarkChain
Prepared by:
Bitcointalk Username: chamika888
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Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1261329
