Third generation bloclchains have made some serious headlines in 2018 due to the massive gains they have made (Credits & Zilliqa). A new third generation blockchain, QuarkChain, is making its way into ground and it has managed to key in on all the important factors a blockchain should provide.
Important Differences
QuarkChain is utilizing two layers and this allows it to push through high amounts of data (necessary to process large amounts of transactions per second) while sustaining high security. Zilliqa, on the other hand, gives up security for the ability to aim for higher transactions. This is a fundamental mistake in the mechanism. While Zilliqa is certainly secure—it’s a blockchain—it isn’t as secure as QuarkChain. So, QuarkChain is able to one-up Zilliqa as it maintains high transactions per second while enforcing its security as-well. While both are third generation blockchains, QuarkChain is realizing a new goal for this generation of blockchains: transactions should be accompanied with added security.
Credits has pushed through news as-well as it is aiming for a similar goal as QuarkChain: a long-term milestone of 1 million transactions per second. However, Credits has one problem, it gives up one key feature of blockchains as it has removed miners; it had done so to ensure the centralized power some miners can get does not block the long-term success of the blockchain. However, QuarkChain has developed a better way of tackling this issue. Instead of just removing mining, QuarkChain utilizes clustering as per which honest nodes are clustered to function as a super node. This allows everyday people to have the degree of power that typically would be available only to large mining farms. QuarkChain is able to truly fulfill the concept of decentralizing value addition by individuals across the entire network.
No Sacrifices Made
While Zilliqa and Credits each sacrifice some key concept to make their blockchains sustain the high level of transactions per second, successfully, in a long-term goal, QuarkChain has developed innovative solutions to find the sweet spot; QuarkChain makes no sacrifices and it not only retains key features of the blockchain but instead enhances them.
QuarkChain maintains the triumvirate of the important factors a third generation blockchain should focus on.
- QuarkChain has already shown over 2,000 transactions per second from a randomly selected sample in a testnet; this blockchain meets the fundamental key factor third generation blockchains are pursuing: scalability via ability of supporting high tps.
- QuarkChain does not sacrifice any degree of security to boost its tps ability; instead it captures an opportunity to boost its security. This sets a new golden standard for the era of third generation blockchains.
- QuarkChain sustains the blockchain movement’s spirit of decentralizing influence and power within a network. In fact, QuarkChain is paving the way for the best mechanism of mining.
QuarkChain stands out from its competition in the third generation blockchain field as it has been able to enhance all key features a blockchain should have. Additionally, one important factor that separates its team from the other teams is that they are adopting an unseen level of transparency. The team has invited the public to volunteer for its testnet already.
QuarkChain is setting the standard for third generation blockchains and its team is setting the standard for how an ICO should be properly launched.
Essential QuarkChain Links
🌐 Website: https://quarkchain.io/
💡 Whitepaper: https://quarkchain.io/QUARK%20CHAIN%20Public%20Version%200.3.4.pdf
👨 ANN Thread: https://bitcointalk.org/index.php?topic=3587645.0
💻 Telegram: https://t.me/quarkchainio
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