QuarkChain Overview.

This ICO is raising funds from the multi-layer, peer-to-peer blockchain transaction. The first layer of the system is containing shards and the second layer is comprising root chain. The architecture is predicted by balancing between scalability, security and decentralization.

QuarkChain Value Proposition.

Security and scalability will be not going hand-in-hand always when it is coming to blockchain technology. Quarkchain has the set of solution which is balancing the both. Two main functions of the chain are been separated into different layers which are explained below.

The first layer is containing the minor blockchain, shards that are processing independently all the transactions. When the number of shards increase, the number of transactions will also be processing concurrently.

Root chain is the second layer of the QuarkChain. The main function of the root chain is to confirm the blocks from all the sharded chains but it is not processing the transactions itself.

Transaction Types in QuarkChain.

QuarkChain is allowing two types of transactions cross-shard and in-shard. In-Shard transactions are occurring between the addresses which are lying on the same shard. However when we are setting the QuarkChain ICO apart from other solutions which is high-throughput then there is the ability for conducting the cross-shard transactions. The throughput is scale linearly of the cross-shard transactions system when the number of shards are increased.

If you want to simplify the experience of the cross-shard system to the user then Smart Wallet is been developed by QuarkChain. A single private key is able to access all the addresses which are owned by the users in any of the shard.

Users are having many shards which are associated with disparate shards. QuarkChain is employing both the primary and the secondary account for addressing this issue within the wallet. Primary account containing the default address of the user's shard and the remaining addresses are been managed in other shards.

For simplifying the managing of funds any of the transaction which is executed in the secondary account will be reverting the balance back into the primary account. User balance will remain in the primary account which is eliminating the confusion which are caused by multiple balances which is present across multiple shards.

The ICO tokens of QuarkChain are compatible with ERC-20 and Ethereum blockchain is distributing them. When the main net is launched in Q4 2018, by pre-mining the ERC-20 tokens are converted into the main net token. Miners are producing the future QKC.

QKC are solely transacting the value and supplying the reward for the miners in the system. QuarkChain will be supporting the smart contracts on the Ethereum Virtual Machine (EVM) for enabling the future compatibility with the existing dApps. This will increase the scalability of blockchains.

QuarkChains Strength and Opportunities.

Currently, QuarkChain is running the first version of the Testnet which is very much ahead of the schedule. During the auditing, it is observed that the Testnet can run around 2k TPS. The team is aiming for achieving the 10k TPS.

Timeline

Quarkchain Team:

For More Information Visit :

Website: https://QuarkChain.io

Telegram: https://t.me/QuarkChain

Twitter: https://twitter.com/Quark_Chain

Blog: https://medium.com/@quark_30920

Whitepaper: https://QuarkChain.io/quark.pdf

Author Details

Author: https://bitcointalk.org/index.php?action=profile;u=1190078
Telegram: @ish_rox