QuarkChain – The best project in 2018

QuarkChain – The best project in 2018

A High-Capacity Peer-to-Peer Transactional System

The QuarkChain project is so hot right now! Until 05 May 2018, their Telegram community group (English) has 60k+ members and still are counting…

QuarkChain team based on Bay Area SF in US and all the engineers come from Google and Facebook.

QuarkChain is an innovative permissionless blockchain architecture that aims to meet the global-wise commercial standard. It provides a secure, decentralized, and scalable blockchain solution to deliver 1,000,000+ on-chain TPS. The main features of QuarkChain are:

Reshardable two-layered blockchains:

The QuarkChain consists of two layers of blockchains. We apply elastic sharding blockchains (shards) as the first layer, and a root blockchain that confirms the blocks from the shards as the second layer. The second layer is flexible to be resharded as needed without changing the root layer.

Guaranteed security by market-driven collaborative mining:

To ensure the security of all transactions, a game-theoretic framework is designed for incentives, where at least 50% of overall hash powers are allocated to the root chain to prevent double spending attack on any transactions.

Anti-centralized horizontal scalability

In any blockchain network with a high TPS, a super-full node can be extremely expensive, which encourages centralization. In contrast, QuarkChain allows multiple cheap nodes forming a cluster to replace a super-full node.

Efficient cross-shard transactions:

Cross-shard transactions can be issued at any time, and confirmed in minutes. The speed of cross-shard transactions increases linearly as the number of shards increases.