Blockchain has disrupted the financial tech industry worldwide. It has shown the world how convenient can cross border payment mechanisms be. Cross country payment which took around 5 to 6 days to process, can be done in a matter of seconds using blockchain based applications. Cryptocurrencies is only one among thousands of other use cases of blockchain technology. However, almost all blockchain based solutions that exist today suffer from scalability issues. Even the top cryptocurrencies Bitcoin ad Ethereum suffer from massive scalability issues. The solutions proposed to overcome these issues have massive sideeffects the most disastrous one being centralizing the blockchain ecosystem. The Quarkchain Project has come up with a technologically advanced blockchain solution that can scale according to the needs of the ecosystem. It makes use of the state of the art sharding technology.
Scalability issues in the blockchain technology prevents cryptocurrencies to be a mainstream payment mechanism.Scalability leads to slow transfer time and high rates of transfer – the very things blockchain was built to overcome. The technology is still at a very nascent stage and overcoming these problems is the way forward for blockchain technology. There are many disadvantages of the current blockchain networks – the main ones being the less storage capacity of the ledger data system and the number of confirmations required to successfully validate a transaction. Quarkchain aims to revolutionize how transactions take place in the blockchain ecosystem by combining the best of blockchain technology and creating a state of the art, secure and transparent transaction ledger. It aims to achieve this by combining together multiple secondary blockchains to process the transaction with the help of sharding technique. The multiple chains will be linked to one root blockchain for super fast transfer and transaction confirmation. This is a giant leap forward for the entire blockchain ecosystem. _Once it is inplemented, the Quarkchain will become the most advanced blockchain protocol system in use!
The team leading the Quarkchain Project is a multi skilled team with diverse experience across multiple sectors. The executives and developers have years of experience in multinational companies, working on advanced technologies. The board of advisers to the Quarkchain network are executives and heads of corporates. Every corporation is looking at the possibility of using blockchain to increase the efficiency of its business. Quarkchain might just be the technology that can cover the gap between the older generation blockchains and the real world implementation.
Blockchain has been dubbed to be the game changer for the technical industry.It has already disrupted several sectors across several domains. As the adoption rate becomes higher and higher, there will come a time when the older versions of the blockchain will crumble under the enormous demands from the new users. If proper scaling mechanisms are not implemented across multiple blockchain platforms, then it is impossible for blockchain to be mass adopted. The Quarkchain is addressing this very problem. Investors can be a part of the movement by investing in the Initial Coin Offering. Investors can obtain the QuarkChain (QKC) token which can be used to but any service on the Quarkchain ecosystem. Investors can also exchange their tokens for other cryptocurrencies using major international exchanges, after the ICO.
The technology, strategy and the team – Quarkchain Project has got everything right. This project has the potential to usher in a new era in the blockchain space. It might just turn out to be a Bitcoin and Ethereum competitor in the long run!
Website - https://www.quarkchain.io/?utm_source=icodrops
Whitepaper - https://www.quarkchain.io/QUARK%20CHAIN%20Public%20Version%200.3.2.pdf
Published by dannywhelan
Btalk profile - https://bitcointalk.org/index.php?action=profile;u=1606458