QuarkChain - The Future Of Blockchain

Hello guys and welcome to arguable one of the most anticipated blockchain projects ever launched.

QuarkChain is part of the new generation Blockchain 3.0 projects that are coming and in this article I would like to show you why Quark is worth looking at.

The main issues at hand which the core team of developers set their minds to solve are scalability, decentralization and security. More so how to NOT sacrifice one for another.

In the graphic above we can see that the current top blockchain solutions such as Ethereum and Bitcoin fail to hit that sweet spot of speed, security and not being centralized at the same time. We the community are also aware that moves are being made such as the implementation of Lightning network for Bitcoin and Sharding for Ethereum. These much awaited upgrades should improve scalability but implementation on already working projects will be a difficult and long process.

Contrary to the above mentioned blockchains QuarkChain has all these features built -in and ready to go. Key elements are:

Two layered blockchain - Consisting of one Root and one Elastic Sharding blockchain, giving QuarkChain many advantages over their rivals in the crypto world.

community mining - Miners will be incentivise to take part in the project with 50% of the total hash power allocated in the Root blockchain, thus securing all transactions from double spending.

Smart Contracts - made available using Ethereum Virtual Machine.

Smart Wallet - One account with Smart Wallet which will be provided by the developers is all you need to manage your cryptocurrencies.

Open Standard for Dapps - Building Dapps has never been easier

Dapps2Go - The next logical step for blockchain is to have mobile apps built on it. QuarkChain team recognises the importance of mobile technology and the market significance it carries, so they made the infrasture mobile orientated. Not only that but the project will incentivise mobile developers to produce apps.

Of course it is very important to note that QuarkChain aims at achieving 100,000+ TSP ( transactions per second ) and if we look at the table below we can see that such high TPS natively supported is absolutely mindblowing compared to the competition.

Hitting such high TPS primes QuarkChain for being used in wide range of industries such as but not limited to:

• Distributed social media projects
• High Frequency Trading applications
• Internet of Things
• Gaming
• Financial payments

Now that we know the idea behind the project, the key features of the blockchain and possible use cases it is time meet QKC - the ticker of QuarkChain. QKC is the value carrier and will be used to pay for transactions within the system.

But does it have a roadmap you ask? Of course there is one, and quite the ambitious one as well. As you can see bellow Mainnet 1.0 is planned for end of this year ( 2018 )

In my final words I would urge anyone interested in the project to do their own research by visiting their official website - https://quarkchain.io/ , read the more than thorough whitepaper and last but not least check the team behind the project itself. As for me I am more than excited to take part in the future with QuarkChain.