Quarkchain is the new erc-20 token which has a lot of hype and it is the scalable solution for ethereum networks. Quarkchain is a high-throughput blockchain that aims to achieve more than hundreds of thousands of on-chain transactions per second. They tackle the scalability problem that current main blockchains such as Bitcoin or Ethereum are facing and currently working to solve.
QuarkChain utilizes a two-layered blockchain structure, cross-shard transactions, market-driven collaborative mining, and horizontal scalability.
Today Quarkchain released its first public testnet. QuarkChain’s promise of high throughput, decentralization, security, and scalability are all demonstrated in this testnet. The core of QuarkChain technology is sharding.
The testnet 1.0 is termed as "BOTTOM QUARK". Although quarkchain's main target is to achieve a tps of over 1 million. With upcoming testnets the tps will go higher and higher till the desired result is obtained.
Testnet parameters overview
No. of Shards: 256
No. of Clusters: 50
Cluster Structure: 1 root node, 128 shard nodes
Total nodes in the network: 6450 = 129 x 50
Peak TPS: 12,218.10
Testnet：testnet.quarkchain.io( Officially on July 9,2018 )
Quarkchain's Mainnet release date is Q4 2018 or early January 2019.
Top investors like Ian Balina said that Quarkchain is the coin of the year and no coin can match the gains it will give. Its a 100x coin from the ico price. Even very hyped Sparksatar won't be anywhere near Quarkchain in terms of gains.
Its current price is $0.077 (at the time of writing this article) and it has an ATH of $0.3415 .
Its ATH is about 4.85x from its current price and this coin will become one of the top 10 coins in no time.
Quarkchain is already available in many big exchanges like Binance and Kucoin.
You can watch the news in Quarkchain's twitter account and also watch the testnet 1.0 video.
Link to their official twitter account is :
https://twitter.com/Quark_Chain