QuarkChain is the name of the blockchain network providing an organization that enables high capacity of the peer-to-peer technologically advanced transaction system. This network makes an introduction with the novel sharding based on the architecture of the blockchain. It meets with the global commercial standard technology and making the QuarckChain Network developed and reflex. The technical team is highly inspired by the QuarkChain network with the extensive amount of experience.
It develops a large scale of a distributed system with the centralized world to handle billions of transaction in every second. It is creating a unique solution for the scalability of problems approaching the greater expansion of the blockchain technology without sacrificing any of the security feature and decentralization.
Moving Towards the Next Generation
The QuarkChain Network is helping the movement of the blockchain towards the next generation with an increase in the current TPS capacity that has several thousands of folds to the projected 100,000 TPS. The network has been constructed for projecting to be free of congestion that is making the system affordable enough for the usage scenarios with the demands speed and volume. The network has applied for several industries that have higher demands for TPS. Therefore, QuarkChain Network has a goal to construct with a high throughput into the network for the support of applications into the distributed social media, high-frequency trading, Internet of Things or IoT, gaming, and payment. Though it deals with three major challenges of security, scalability, and decentralization, still it is making up for every such service spontaneously.
Security Issue
As QuarkChain is a platform for blockchain transaction, so ensuring security is the first priority. The name blockchain implies that it is a chain for digitally connected blocks. It generates the security providing security for the decentralized ledger. Despite the fact that blockchain some inherent properties, for the security issuance, it still exists with some vulnerability of ill intentions and malicious attacks in need to have such consideration for some selected platform.
Ensuring Security
Blockchains have the decentralized network across the peer-to-peer network with the requirements of the continual updates. It keeps the synchronization for the specific consensus algorithm for example; PoW or PoS. PoW has been developed based on the requirements of the blockchain with the least amount of hash power of 51% by the performance of the network with the double-spend attack to revert the transaction. Any attack on the security system depends on the decentralization of the network. As much as the blockchain is decentralized, the harder it becomes to affect the network performance. The blockchain becomes sufficiently decentralized for reaching towards the utilization of the network with over 51% of hash power. It will ultimately become tremendously cost sensitive for the single entity that a miner or the owner of a mining pool would cost.
QuarkChain is the blockchain network with an innovative permissionless architecture with an aim for meeting up with the global commercial standard. They have built the network in such a way that it structures and persuades the weaker miners to mine straight with the mining poles for making connections. This facilitates varieties of chip notes that form a group of nodes. The decentralized nature enables 100% security and serves the users with greater satisfaction. Till now it has made in-house testnet to reach 2,000 transactions for every second. It is unable to provide public proof service but it is bringing prototype with some definition of the private matters.
Official Website：https://www.quarkchain.io/
Twitter: https://twitter.com/Quark_Chain
Telegram: https://t.me/quarkchain
Announcement Chanel： https://t.me/QuarkChain_News
Eth address : 0x3De019A4896DFb3C14781B0a8bf0cbdc80964bc1