SUMMARY
- Website: https://quarkchain.io/
- Whitepaper: https://quarkchain.io/quark.pdf
- Hardcap: $20 million USD (20% of total tokens)
- Price: 1 ETH = 31,533QKC
- Bonus structure: Private sale 25% bonus: 10% release each month for the first 4 months and 20% release for the next 3 months.
- KYC/Whitelist: Yes, lottery based with proof of care.
Tokens release date: TBA
OVERVIEW
Is a high-capacity peer-to-peer transactional system. It is an innovative permissionless blockchain architecture that aims to meet the global-wise commercial standard. This provides a secure, decentralized, and a scalable blockchain solution boasting to deliver over 100,000 on-chain transactions per second.
ARCHITECTURE
QKC will be used for transaction fees and mining rewards on Quarkchain. The more transactions and activities that are executed on Quarkchain, the more demand for QKC coins.
There will be Nodes and Clusters for mining on the QuarkChain platform. Clusters are multiple nodes forming a cluster running as a super-full node. This way, supernodes can be formed without them being run by supercomputers. This will provide smaller players a competitive edge in mining.
The main features of QuarkChain are:
- Reshardable two-layered blockchain.
- Guaranteed security by market-driven collaborative mining.
- Anti-centralized horizontal scalability.
- Efficient cross-shard transactions.
- Simple account management.
FUNDAMENTALS
The team behind Quarkchain has a good combination of engineers with diverse experience and professors from top universities. Some of the key members includes:
Qi Zhou, Founder – PhD in Electric and Computer engineering with 5 years’ experience as a software engineer and previously worked at Facebook as a software engineer.
Zhaoguang Wang – Software Engineer – 7 years’ experience in software engineering with tech giants such as Facebook, Instagram, and Google.
They also have a strong advisory board including some big names Bill Moore, Former preseident of DSSD and Arun G. Phadke.
VERDICT
Quarkchain is a very ambitious project and already proves to be ahead of most blockchain 3.0 projects (in terms of development).
With their Testnet already securing ~2,000 TPS using just a few nodes and Mainnet just around the corner (Q4 2018), Quarkchain sets itself up as one of the few blockchain projects that will have the first movers advantage.
Depending on the timeliness of the Mainnet Launch and enterprise adoption rate after that, we expect QKC to have a marketcap close to it's competitor, Zilliqa, placing Quarkchain around the ~$500 Million marketcap range.