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The QuarkChain ICO (QKC Token) is raising funds toward a multi-layer, peer-to-peer transaction blockchain. The first layer of system contains shards, while the second layer is comprised of a root chain. The architecture of QuarkChain is predicated on finding a balance between security, scalability and decentralization.
QuarkChain is a blockchain that aims to offer 1 million transactions per second. It solves various problems with today’s blockchains – including excessive centralization, poor scalability, and ssecurity risks – using a unique system of quarks, sub-chains, and root-chains.
QUARKCHAIN ICO VALUE PROPOSITION
Scalability and security do not go always hand-in-hand when it comes to blockchain technology. QuarkChain have set out to find a solution that balances both these needs through by separating the two main functions of the chain into separate layers. The first layer contains all minor blockchains, or shards, which process a sub-set of all transactions independently. As the number of shards increase, so to does the number of transactions which can be processed concurrently. The second layer of QuarkChain is the root chain. The primary function of the root chain is to confirm all blocks from the sharded chains, but does not process transactions itself. QuarkChain allows for two types of transactions- in-shard and cross-shard. In-shard transactions occur between addresses on the same shard. However, setting the QuarkChain ICO apart from other high-throughput solutions is the ability to conduct cross-shard transactions. The throughput of the cross-shard transactions system will scale linearly as the number of shards increases.
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QUARKCHAIN ICO TEAM
Qi Zhou is Founder and CEO of QuarkChain. He has software engineering experience with the likes of Google, Facebook, and EMC, where he developed sharding and clustering solutions. Qi holds a PhD from Georgia Tech in Electrical and Computer Engineering.
Yaodong Yang is a Research Scientist with the QuarkChain ICO. He is the Cofounder of Demo++, a startup incubator. He is also a Prof. at Xi’an Jiaotong University and holds a PhD in Engineering from Virginia Tech.
Xiaoli Ma is also a Research Scientist with QuarkChain. She currently serves as a professor at Georgia Tech and is an Institute of Electrical and Electronics Engineers Fellow.
Anthurine Xiang serves as CMO. For the last 4 years Anthurine has worked in Silicon Valley, with companies such as LinkedIn, Chartboost, Beepi and Wish. She holds an MSE in System Analysis and Economic Management from Johns Hopkins University.
Below is a list of the advisors working with QuarkChain:
Leo Wang – Head of PreAngel VC and prolific crypto investor
Mike Miller – Liquid2 Ventures, Founder and Chief Scientist at IBM Cloudant
Bill More– Founder/CEO of DSSD, later acquired by EMC
Arun Phadke– Professor Emeritus of Electrical Engineering at Virginia Tech
As the project progresses, QuarkChain are adding new members to the team
To learn more about QuarkChain and how it works, visit online today at QuarkChain.io. A token sale for QKS tokens is scheduled to take place in April or May 2018, although firm dates have not yet been announced!
TIMELINE
Q2 2018 - TestNet 0.2 release which will support most of QuarkChain’s features such as smart contract, reshard, and so on.
Q4 2018 - QuarkChain Core 1.0 release, Mainnet 1.0, and Smart Wallet (aiming for ~100,000 TPS at this time).
Q2 2019 - QuarkChain Core 2.0 release, Smart Wallet 2.0, (aiming for ~1 million TPS with clustering at this time).
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