QuarkChain ICO Review
QuarkChain(Blockchain) 1,000,000+ TPS
QuarkChain is a blockchain project that aims to strike a balance between the three pillars of blockchain technology (decentralization, security and scalability). Notoriously, security and scalability do not go well together and has slowed down mainstream adoption. For instance, Ethereum when it launched cryptokitties.
One approach to breaking through to achieve all three elements is a sharding-based blockchain. Projects working on sharding include Zilliqa and Ethereum (project Plasma), Credits and now QuarkChain.
Quarkchain solutions
QuarkChain achieves better scalability using a two layer structure. The first layer offers elastic sharding, which is a type of database partitioning that separates very large databases into smaller, faster, and easily managed components called data shards. Data shards are a key part of the QuarkChain project.
The second layer, meanwhile, is known as the root blockchain. This is the component that confirms the transactions (the blocks) pushed by the first layer. The second layer of QuarkChain can be “resharded” as needed without changing the root layer.
The road to 1,000,000+TPS
QuarkChain Features
QuarkChain offers all of the following features:
Anti-Centralized Horizontal Scalability Expansion:
QuarkChain has a node that validates all minor blocks and root chain blocks. This is called the super-full node. Running a super-full node on your own would be costly. That’s why QuarkChain came up with an innovative solution: they allow multiple smaller nodes to group together in a cluster and run as a super-full node. Each node in the cluster only validates a sub-set of chains, and the rest of the nodes are still able to fully validate any blocks even if one node fails.
Cross-Shard Transactions:
QuarkChain will offer two types of transactions, including in-shard and cross-shard transactions. Any users can issue cross-shard transactions at any time. Cross-shard transactions can be confirmed within minutes.
Cross-Chain Transactions:
QuarkChain allows cross-chain transactions because it maintains only one root chain. The root chain facilitates token transactions from another chain using an adapter. Then, the blockchain performs the transaction like a cross-shard transaction from the QuarkChain side.
Smart Wallet:
QuarkChain will have a smart wallet that will have two levels, including your primary account and secondary account. The primary account is the address of the user in a default shard, while the secondary account manages the rest addresses of the user in the rest shards.
Why should we invest in Quarkchain ICO Project?
The development team consists of 10 members and 6 advisors. Overall, the development team is quite experienced in both research and in large companies such as Facebook, Google, Dell ...
Team
QuarkChain have a powerhouse team:
Qi Zhou, Founder and CEO. Short stints at EMC, Google, and Facebook. To get hired at each of those firms is a testament to his ability. One knock on his experience is how short of a time he spent at each. Those criticisms are less important for entrepreneurs. His experience at each of these firms revolves around sharding and clustering. Those are right skill sets.
Yaodong Yang, University of Michigan (as an alum... Go Blue!). Experience at Google, Instagram/Facebook. Likely knows Qi from Facebook.
Xiaoli Ma Ph.D. Electrical Engineering, University of Minnesota. Current research in signal processing for communications and networks. Useful skillset for the project. She brings strong academic experience as a professor at Georgia Tech and an Institute of Electrical and Electronics Engineers Fellow.
The rest of the team are missing LinkedIn profiles. I'm going to just call those red flags for now.
Advisors
Arun Phadke – Professor Emeritus of Electrical Engineering at Virginia Tech. Ph.D. from University of Wisconsin. Area of focus is energy engineering.
Bill More – Founder/CEO of DSSD, later acquired by EMC. Partner and Managing Director of Walden International, a startup technology VC.
Leo Wang – Head of PreAngel VC (a large Chinese venture fund focused on early stage startups). Qlink advisor.
Mike Miller – General Partner of Liquid2 Ventures. Angel investor in AngelList. Founder and Chief Scientist of IBM Cloudant. Affiliate Professor at University of Washington.
Kevin Hsu - Masters of Computational Statistics and Machine Learning from UCL. Partner in Dragonmind Capital. Blockchain investor, CEO/Founder of Block VC Fund.
Zhiyun Qian - Experience at Microsoft and Cisco. Assistant Professor at University of California Riverside. Focused on cyber security.
For more details about the project, feel free to visit:
Website: https://quarkchain.io/
Telegram: https://t.me/quarkchain
Facebook: https://www.facebook.com/quarkchain.quark.5
Twitter: https://twitter.com/quark_chain
Github: https://github.com/QuarkChain