QuarkChain, a decentralized and highly scalable blockchain solution, is aiming to become a high-capacity p2p transactional system that can achieve millions of transactions per second (TPS), . QuarkChain will utilize sharding (Similar technology being used by Zilliqa) for future transaction system. It will consist of a sharding layer, which allows for high throughput by effectively distributing data, and a root layer, which serves to confirm the blocks of the first.
Using this model, QuarkChain is seeking to to work on the main pillars of a blockchain – encryption, decentralization, and scalability.
QuarkChain has find a solution that balances both needs of scalability and security 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 . 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. QuarkChain allows two types of transactions- in-shard and cross-shard. In-shard transactions occur between addresses on the same shard. However, the main value proposition of 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.
Quarkchain is also developing its own wallet as it will have its own platform for the blockchain applications. QuarkChain ICO tokens (QKC) are ERC-20 tokens during the crowdsale. After the mainnet is launched in Q4 2018, the ERC-20 tokens will be converted to the mainnet token by pre-mining.
TOKEN SALE: MAY - JUNE (NO EXACT DATES)
Ticker: QKC Token type: ERC20
ICO Token Price: 1 QKC = 0.0233 USD (0.00003 ETH)
Fundraising Goal: 20,000,000 USD
Total Tokens: 10,000,000,000
Available for Token Sale: 20%
Whitelist & Kyc: YES (7 MAY – 21 MAY, JOIN )
Сan't participate: CANADA, CHINA, CONGO, CUBA, ETHIOPIA, IRAN, IRAQ, LIBYA, NEW ZEALAND, NORTH KOREA, SOMALIA, SOUTH SUDAN, SUDAN, SRI LANKA, SYRIA, TUNISIA, USA, YEMEN
**Token Issue: PUBLIC SALE ALL TOKENS THAT ARE SOLD WILL BE UNLOCKED
QuarkChain ICO Strengths and Opportunities :
According to the QuarkChain Development Roadmap, the team aim to achieve 10k TPS as their next milestone and will continue to scale the product from there.
QuarkChain have made their Github publicly available.
Final Words on QuarkChain
The QuarkChain ICO is a great platform as far as scalability solutions go. The team have made it a point to focus on their product before moving on to build their community and establish partnerships, which they lose some points on for now.
Hype of the coin is tremendous. I highly trust the team and their hard work. I recommend this project and would highly invest in the project.