What is QuarckChain
QuarkChain is a high efficient blockchain that mainly target to solve the scalability problems that current main blockchain are facing. This will able to do hundreds of thousands on-chain transactions per second.
Why do we need a high efficient blockchain like Quarkchain ?
QuarkChain wants to achieve very high capacity transaction speed like hundreds of thousands of transactions per second. This speed is more important if we need to see a strong adoption to the crypto by people. The global electronic transaction volume is consistently growing very fast and it seems that current blockchain based systems can't manage large scale volume. We need other strong solution that allows us to smooth expansion in the long run without halting the growth of the technology. present low capacity blockchain base system cannot cover the current transaction requirements anytime. Also the system must be robust to withstand heavy loads. That's why we need a high efficient blockchain like Quarkchain. The Quarkchain system is capable of providing secure, decentralized and scalable blockchain solutions that deliver 100,000+ on chain TPS.
Token Details
QuarkChain ICO tokens (QKC) are ERC-20 compatible token that will be converted after the release of the net hand, the ERC20 token will then be pre-mined, and the miners will take care of the rest. There will be a complete 10 billion QKC tokens.Hardcap is 20 million USD.After the mainnet is launched in Q4 2018, the ERC-20 tokens will be converted to the mainnet token.
Features of the QuarkChain
Two Layered blockchains - This system is consist of two layers of the strong blockchain. The first layer is called as shards. The second layer is root blockchain that confirms the blocks from the first layer.
Cross-shard transactions - This method makes the verification process easily. This can be issued instantly at any time and confirmed in minutes. If the speed of cross-shard transaction increases the number of shards also increases automatically.
Simple Account Management - You don't need to have multiple accounts to deal with several other blockchain systems. Just one account is enough to manage entire blockchain shards in the Quarkchain platform. It saves your time and your capital as you don't need to browse multiple accounts by going to the blockchain based website to manage your financial system.
High level of Security - QuarkChain ensures the high-level of security. To ensure the security of all the transaction the special frame named game theoretic is designed to give incentives to the supporting members
Features Summary
Team and Advisory board
They have Strong team and advisors
Founder- Qi Zhou
COO -Kyle Wang
Chinese Market CMO -Ting Du
International Market CMO -Anthurine Xian
Team
Advisory board
Advisory board for this project consists of 7 people who have lots of combined business development expertise at the side of data of blockchain technology and software development in addition.
Arun G. Phadke - Winner of Benjamin Franklin Medal
Bill Moore : President of DSSD, later nonheritable by EMC
Mike Miller : Liquid2 Ventures & Founder of IBM Cloudant
Kevin Hsu : investor over 60 blockchains companies
Leo Wang : Head of PreAngel VC and prolific crypto capitalist
Zhiyun Qian : knowledgeable in cyber security
Andrew Lee : Blockchain Diligence Expert
The QuarkChain project exceeds the 80K members limit on telegram and almost 15K followers on Twitter. They update their Twitter and Facebook regularly. This amount of members on telegram and twitter shows the success of the project.
Finally, i'm very excited and hopeful about this brilliant project. This could be the project of the year and this project willhave a huge impact in the future. Strong and well coordinated team guides the project towards the success. I recommend every one to join this great project
For more information on the project ( Quarkchain ) please visit their website listed below:-
WEBSITE: https://quarkchain.io/
WHITEPAPER: https://quarkchain.io/QUARK%20CHAIN%20Public%20Version%200.3.4.pdf
TOKEN SALE: https://quarkchain.io/QuarkChain-Token-Sale-Terms[EN-ZH].pdf
TELEGRAM: https://t.me/quarkchainio
FACEBOOK: https://www.facebook.com/quarkchain.io
TWITTER: https://twitter.com/Quark_Chain
STEEMIT: https://steemit.com/@quarkchain
WEIBO: http://weibo.com/QuarkChain
Github: https://github.com/QuarkChain
Author: Jayampathi Deshapriya
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1690614;sa=summary
Thanks for Reading!