Highly Scalable Blockchain Solution - Blockchain 3.0
One of the first blockchain projects to incorporate sharding, it comes in two layers
Sharding Layer - Provides high throughput by distributing data
Root Layer - Confirms the blocks from previous layer
Picture Quarkchain as a triangle that offers:
- Decentralisation
- Security
- Scalability
Mining explained
Clusters - Multiple nodes forming a cluster, (often referred to as a super full node)
Supernodes - can be run without being run by supercomputers, this way even small miners have a chance.
Roadmap Key Points
2018
Q1 Whitepaper
Q2 Testnet and Smart Contract 0.1
Q3 Testnet 0.2
Q4 Mainnet and Smart Wallet (This will be big)
2019
Q2 Quarkchain Core 2.0
ICO Details:
Private sale - complete
Public sale
Must Whitelist first
20 million USD Hard Cap
Will be released as ERC20 - you must swap on launch of Mainnet
Use case of Quarkchain COins (QKC):
Miners to be rewarded in QKC
Used to pay for transaction fees on Quarkchain platform
Summary of Team:
- Qi Zhou (Founder)
PhD in Computer Engineering and Software Engineering, most recent project being Facebook
-Zhaoguang Wang (Software Engineer)
7 Years experience in software engineering with 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. Most recent project being CTO of Ratrix Technologies - Yaodong Yang (Research Scientist)
PhD in ENgineering, Tenure Track Professor at Xi'an Jiatong University. CO Founder of Demo++ Technological Incubator
To keep this short - this team is incredible. You can view the full team at:
https://www.quarkchain.io
10 Final points:
- This is a blockchain built from scratch (it will aim to reach 1 million transactions per second)
- Incorporates the Ethereum Virtual Machine for smart contracts
- Closed tests reached 2000 transactions with basic AWS nodes
- Will combine Veritcal Scalability and Horizontal Scalability while maintaining security
- Uses cross shard transactions
- Easy to transfer between blockchains
- No centralised mining
- Uses Ghost Algorithm
- Became the largest crypto telegram community in just a 2 months
- Aims to be more mobile focused than other blockchain projects as it is not well established elsewhere. Aims to combine blockchain and mobile
In summary: Qarkchain is aiming to be a high throughput blockchain with vertical and horizontal scalability without sacrificing security. The team is very well trained in tech and this could easily be the blockchain of the future.
Keep Quarkchain on your radar for 2018 and 2019, this one is special.
Joe Davidson