*First of all, the only official website of QuarkChain is https://www.quarkchain.io/ *
Please do not fall for any scam.
As per definition QUARKCHAIN is a high capacity peer to peer transactional system.

QUARK = BASE OF EVERYTHING (QuarkChain is going to be the base of blockchain too)

QuarkChain is the first mover in sharding technology and has taken the entire crypto community by storm by it’s revolutionary technology. Quarkchain is solving the biggest problem of scalability.

It is a decentralised, secure, permissionless and scalable platform aiming at 1,000,000 + onchain TPS.

BLOCKCHAIN AND IT’S USE: QuarkChain’s Role

Blockchain as a technology was developed to support secure transactions at huge scale. Bitcoin is the first generation of blockchain technology and has been adopted widely. Ethereum, the second generation of technology, introduced smart contracts bringing not only cash like tokens, but also financial instruments like bonds and loan. Both the technologies are not capable of handling huge transactions. This is where the problem lies behind commercializing a technology and bringing it to mass usage. VISA claims to support 56000 TPS. This is however a very small number in front of the ocean that’s required to manage the financial transactions of the globe in coming years.

Here comes the need of a decentralized, high-performance, high bandwidth blockchain that can manage such huge number of transactions.

Hence, it is really important to address scalability to ensure the use of blockchain by the mass. This is what quarkchain is upto.

Features of QuarkChain:

2 layer structure
Layer 1 : Elastic Sharding Layer

Layer 2: Root blockchain, confirms shards from blocks

Crosschain transactions
Throughput of crosschain transactions increase with shards

Collaborative mining
encourages weak miners to mine with joining pools. 50% hash power is distributed to rootchain to prevent double spending attacks

One wallet needed to store cryptocurrencies from all shards

It allows multiple honest nodes forming a cluster, running as a super node.

What method does QuarkChain follow? DIVIDE & CONQUER:

there are 2 main functionalities divided into 2 chains to ensure security & speed:

Elastic Sharding Layer : the capacity of system is directly proportional to the number of shards(sub blockchains) performing transactions independently
Root blockchain : doesn’t perform any transaction. BUT, performs the main task of maintaining block difficulty so that they can’t be reverted,

Layer structure
COLLABORATIVE MINING : HELPING SMALL MINERS
the goal is to help small miners mine and keep them motivated with incentives:

Hash powers are distributed equally to shards so that one miner doesn’t take all the reward
Rootchain has over 50% of hash power so that double spending attack can be avoided because bypassing such huge power won’t be possible.

ALL STAR TEAM:

QuarkChain is led by Qi Zhou, Founder : Qi comes from a DSSD project background. DSSDs are high performance distributed storage systems. Exactly what is needed to build quarkchain. Qi has worked with the likes of Google, DELL EMC, Facebook and has a huge experience in the field.

Quark has a very strong technical team of developers and researchers experienced in building high performance distributed systems. The financial and marketing team are also on point and bring a combined experience of 15+ years.

The advisors and early investors are some of the best in the industry.

Update & Current Progress:

With such a strong team working day and night, the project is picking up pace meeting deadlines like a boss.

They recently launched the testnet alpha with over 2000tx/sec achievement. Beta testing of the platform is live and if you want to test it out, you can apply by sending in your resume to [email protected]

The current number of commits QuarkChain has on the github channel is 260. A number is achieved in 3 months (on an average, about 3 per day)

FUTURE EVENTS:

Q2: Release of testnet 1.0
Q4: QuarkChain Core 1.0 Mainnet 1.0 SmartWallet 1.0

Stay TUNED for more updates on QuarkChain.

A link to all their channels

Official Website：https://www.quarkchain.io/

Twitter: https://twitter.com/Quark_Chain

Telegram: https://t.me/quarkchain （EN）

https://t.me/QuarkChain_ZH （CN）

Announcement Chanel： https://t.me/QuarkChain_News

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