QUARKCHAIN – A NEW GENERATION OF BLOCKCHAIN TECHNOLOGY

When something develops at a high speed, it tends to get worse at some problems. It is also true in technology blockchain’s development. Recently, we have been witnessing the exploration of this kind of technology information. However, it contains a lot of risks in some sides like the capacity, the speed, and the improvement.

To solve this problem, Quarkchain has been born for creating a new generation of the blockchain. It aims to overcome many issues in recent blockchain technology. Especially, the Quarkchain‘s core value of is the ability of widen.

Today, I would like to introduce about Quarkchain, hope it will help you in making a decision at investing.

1. INTRODUCTION

Quarkchain is a highly distributed, secure, scalable, secure (non-authorized) block using the proof-of-work (PoW) mechanism. Quarkchain provides a highly scalable blockchain that can meet global trade requirements or standards without compromising security or decentralization.

Quarkchain has many main features follow:

Quarkchain contains two layers blockchain that are enabled to rehabilitate. The first layer provides a sharding elastic (a sort of database partition separates very large databases into smaller, faster and easier-to-manage parts called data fragments). The second layer, also known as the original blockchain - confirms the transaction (block) of the first layer. The second layer can also be re-sharded as needed without changing the original layer.
Ensure safety by exploiting market-oriented cooperation - Essentially, to ensure the safety of all transactions, at least 50% of the hash strength is allocated to the original blockchain to prevent attacks. double. This means there will be collaborative mining (incentive mechanisms) including.
Quarkchain - Extensible Horizontal Scalability allows many cheap nodes to form a cluster to replace a full node (which can be very expensive).
Shard-shard trading efficiency. Two types of transactions: in-shard and cross-shard. Insider trading - when the input and output of a transaction are in the same segment. Cross-shard-when the input and output addresses are in different segments. Cross transactions can be issued at any time and are confirmed within minutes. The speed of the cross transaction will increase as the number of debris increases.
All the secrets from different pieces are stored in a smart wallet. A user will be able to manage all the addresses in all the pieces through an individual key.
Quarkchain will support smart contracts through EVM. Most existing DApp built on EVM can be deployed directly on Quarckchain. Quarkchain will provide a scalable, scalable interface in order to use high scalability.

2. DEVELOPMENT TEAM

Quarkchain’s development team consists of ten members and many advisors. Most of them do not work full time and they have no extreme blockchain experience, but the presence of MVP can increase its position in quality and dedication involved. Some of the team members worked together at Dell and Demo ++, while others have experience in internationally recognized companies such as Google, Facebook, LinkedIn and many other companies. Advisors include long-term investors and successful investors

Founder, Qi Zhou, Education: Mathematics at Beijing University (BUPT ranked 201-250 in the world), MS Computer Science at Shanghai Jiao Tong University (62th World). Software engineers and specialists in high- performance systems. Experience as a software engineer at Google (9m), DELL EMC (~ 2y) and most recently on Facebook (1y-until March 2018). Full time for the project. Easy all-star with its academic and professional background.
Software Engineer: Zhaoguang Wang, Education: Software Engineer at Shanghai Jiao Tong University and Master of Science & Engineering Comp, University of Michigan (21st World). Expert in large-scale distributed systems. Working as a research assistant at the University of Michigan for 1y, senior software engineer at Google (5y - until January 2017), Instagram and now on Facebook. Great job logins.

3. EVALUATION

• Strength

QuarkChain is currently running the first testnet version ahead of schedule. According to our survey, the current performance of Testnet is 2K transactions per second. According to the development roadmap of QuarkChain, in the next milestone the team targets 10K transactions per second and will continue to grow. QuarkChain has publicized Github, however, this Github has not been accessed without the permission of Team.

QuarkChain's impressive advance in front-line development can build on the QuarkChain team's sharding solution before Ethereum.

QuarkChain is also a compatible EVM - decentralized applications will benefit from the ability to handle large amounts of data (high throughput) with the option to migrate to the QuarkChain platform at any time. This will allow opening an integrated door to the network.

• Weakness and risk

The battle handles or transfers a huge amount of data very hard. The first name that we know of in the field of processing large amounts of data is certainly Zilliqa. The same is true when you plan to testnet in Q2, and Ethereum cannot be ignored. As always, adopting a protocol is an important piece in this game when the chain will occupy the throne.

Currently, QuarkChain has not announced the partners but the team revealed that the team is really trying to deploy the work. In the whitepaper, QuarkChain points out that some industries may be benefiting from product development - one of these areas is the development of decentralized telephony applications. In an effort to reach the industry, QuarkChain is creating on-chain development tools for Android devices.

A portion of QuarkChain will also be preserved as a reward for developers who build decentralized applications for QuarkChain. While strategies indicate that the team is on the right track, the development team is determined to look for cooperative contracts with all corporate clients as a sign that these are the markets and the application that QuarkChain will pursue.

4. CONCLUSION

Quarckchain comes with a strong team and a reasonable $20 million hard cap. On top of that - unlike some recent projects like OneLedger and pChain, Quarkchain has a working MVP and a public testnet scheduled for May. As I mentioned earlier, scalability is one of the key issues in the mass adoption of blockchain technology. Finding a high throughput compromise project for security or decentralization is a big plus. It is a very competitive space that they are entering and the market conditions are shaking, but I will closely follow the project and I am definitely optimistic about it.