“Quarks are sub-atomic particles, a fundamental constituent of matter.”
DISCLAIMER: this is not financial advice. I am incentivised to write an article because it improves my chances in the ICO. I am going through the trouble of participating because I believe in the project.
I have been trading and mining cryptos for 1 year now. I have witnessed how ICOs cripple the ETH network. How CryptoKitties sent the normally fast ether transactions into permafrost. Have you ever wondered why miners exert so much control over BTC? It is, after all, supposed to be decentralised. These bottlenecks are present in a lot of platforms. Read on to find out how they are addressed by Quarkchain.
Quarkchain has a two-layered, decentralised, secure, scalable and permission-less blockchain which aims to achieve over 1 million transactions per second. 1st layer is fixed (root) and the second is flexible (sharding).
Current players:
Quarkchain allows multiple sub-nodes to form together and run as a super-node. The more “super” nodes there are, the higher the platform security and decentralisation. This is an innovative way to improve security and speed up transactions for the network and all its users.
“Cross-shard transactions” is where the magic happens. Sharding makes it possible to split a network into many, sub-networks. The system capacity increases with the number of shards increasing. This results in faster, safer and more decentralised transactions. Also making the network easier to maintain and manage. 1 account is needed for all blockchains (shards) in Quarkchain. All cryptos from different shards are stored in one wallet.
Quarkchain encourages small miners to mine directly without having to join a mining pool. Avoiding unnecessary fees, hassle and centralisation. Each blockchain offers different rewards and difficulty levels so that smaller miners can realise similar levels of returns by mining solo when compared to using a mining pool. This lessens the need for mining pools and results in less centralisation that is witnessed in BTC.
Collaborative mining is cleverly driven by game-theoretic incentives to ensure selfish interests are inadvertently aligned with what is best for the overall system.
These are just some of the benefits Quarkchain will bring to us. I feel like Quarkchain is really all about creating a more efficient blockchain. They solid looking team already has a testnet!
The ICO (raising $16m) will only allow individuals to purchase a small amount of tokens. 1-2 ETH worth =(. I will be stocking up when this beast hits the exchanges. How about you?
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