Let me tell you what I think about great projects: they will succeed, even without aggresive marketing. You don’t have to trust me. Just look around you. In the end, quality prevails over mediocrity. It might sometimes be a matter of time, but it simply does! If not, then we, as a society, are doing it the wrong way…
DISCLAIMER: This is NOT financial advice!
If you’re not that new around here, you might have noticed plenty of people trying to shill the projects they are interested in (for various reasons, more or less financially-driven). Nothing new, I admit. But have you ever wondered why are they doing it?
I mean, if the project is that great, shouldn’t they want to keep that gem hidden and make sure they fill their bags first, before it goes mainstream and the price skyrockets? If your answer is ‘they obviously should’, I suppose they aren’t that convinced about those projects, after all, or they are just pursuing quick wins and they need you for that. If you don’t agree, then you most likely think they are solely interested in the technology behind and/or want to educate their audience. That’s the best case scenario, but it sometimes happens too, I have to admit.
Anyways, I wanted to talk a little bit about a project that caught my attention. You might have heard about QuarkChain, one of the most hyped projects of this moment. If not, you might want to take a look at it.
I’m not trying to promote it. Why? Because I think it’s a great project and it has what it takes to succeed, even without me promoting it. I’m not interested in shilling it. It’s not even launched, you know… But I do think that the best way to keep ourselves safe is to try to learn to evaluate the projects. The really promising ones, that is. And do you know a better way to do it, other than trying to understand the big picture?
Let me try to explain why I think this project is so great. I won’t go too technical, though. If you’re interested in such details, you have an entire whitepaper to digest. I would rather try to present the way I (would) analyze it. You can then decide if it’s good or bad, and I would be glad if you have any improvement suggestions.
First and foremost, I would look at the team. One could have a mindblowing idea, but, if this idea cannot be transformed into something real, then it’s pretty much useless. I mean, you can’t compete against working products only by having an idea. You have to translate it into something: a product, a service, anything that could grab a share of a competitive market. Did you already take a look at QuarkChain’s team? If not, I double dare you to do so! You have (among others) an ex-Googler. And ex-Facebook. Plus IEEE research scientist. I don’t know if this means anything to you, but it’s pretty much enough for me.
Then, I would hope to have a promising advisory board. Good advisors would know how to direct the team’s creativity and energy, in order to maximize the results and get the best out of a great idea. How about QuarkChain? Well, we have Sun Microsystems. University Professor. PhD. I know that life is like a box of chocolate, but these advisors are the perfect confirmation about how big their plans are.
Now that we’ve checked the team members and their advisors, what would I take a look at next? Here you have it: the idea. You know how they say: ideas are bulletproof! :) Anyways, what’s all about? In just a few simple words, it is “a decentralized, secure, scalable and permission-less high-throughput blockchain that aims to achieve millions of transactions per second”. :) They aim to create a so-called Blockchain 3.0 solution. That is obviously more complex and faster than Blockchain 2.0 (the best example of a 2.0 project would be Ethereum). They aim to acquire a speed of 1,000,000+ transactions/second (TPS), which is absolutely enormous. For the moment, a random test (using the Testnet) had “only” 2279.37 TPS. Compare it with the current Ethereum’s 10 TPS and let me know what you think… :)
Everyone could have an idea, you might say… And it doesn’t necessarily have to be about plastics! :) Well, you might want to check if there is a plan on how to transform that idea into a real, functional product/service/project. In our case, how do they plan to do it? Well, there are some key words for it: two-layered blockchain (using sharding), cross-shard transactions, collaborative mining (market driven) and horizontal scalability. It worth mentioning that there will be only one account required for all shards.
I strongly advise you to check the whitepaper, in order to better understand what each term means and how does it actually work! If you’ld ask me, I would say that, from a technological point of view, this sounds not only promising, but impressive as well. If they will manage to develop the final product, it’s going to be a huge step forward for the crypto-sphere! Actually, I shouldn’t use “if”… I suppose “when” would be more suitable. This is why we checked the team in the first place, right? :)
Speaking about “when”, their roadmap is pretty ambitious as well:
As you can see, they already have a Testnet and they plan to deploy the Mainnet as soon as Q4 of this year, which proves that they are already pretty advanced with product development. If this doesn’t prove they are reliable and committed to their mission, I don’t know what would…
The token metrics look great as well, but I won’t talk too much about this, because I would rather presume that we are all here for the technology. This means that we are not looking for quick gains no matter what, right? :) This is precisely why I meant that educating yourself is a key point if you plan to stay around for the long term. If you manage to do so, you’ll not only be able to spot the really promising projects, but also to stay away of the shillers. You’ll notice their intentions, if you take a careful look.
I’m not sure if I managed to make myself clear enough while trying to explain the advantages this project has. It has to do with so many concepts (most of them pretty technical), which doesn’t allow me to go in too much depth in this very article. It would be enough for me to know that next time you’ll take a better look at the projects you find and you’ll know what to check for.
QuarkChain doesn’t need me to promote it. It will just succeed, as great projects always do. This article wouldn’t have been needed for this to happen. But educating ourselves is what matters the most. And you know why? Because otherwise, even when QuarkChain would have already succeeded, we still wouldn’t be able to understand its importance and its place in the crypto-sphere. You don’t have to take my word for granted. But it would be faster this way. :) You know how good ol’ Leonardo da Vinci used to say:
“Learning never exhausts the mind.” and “The noblest pleasure is the joy of understanding.”
Just make sure to ALWAYS DO YOUR OWN RESEARCH and stay safe! Otherwise, you will quit this space too soon and you won’t see QuarkChain succeed. Why, might you ask? Because it’s a great project and has everything it needs for that to happen. You can go and search for that grain of salt: QuarkChain will still succeed.
The question is: will we be succesfull as well? It depends on the decisions we make. And QuarkChain is one of those decisions. But that’s already another story and “After all, tomorrow is another day!” ;)