What is Quarkchain?

If you've been in Telegram ICO group chats, or even in other Crypto group chats, you've probably heard of Quarkchain.

What is Quarkchain?
In their own words, Quarkchain is a High-Capasity Peer-to-Peer Transactional System.

If you're like me, you would be asking, "So what does that mean in plain English?"
Basically, Quarkchain promises to process transactions between people really, really, fast
Quarkchain promises 1,000,000+ transactions per second(TPS). Compare that with Visa, which processes 2000 TPS, and Bitcoin, which processes 3-4 TPS, and we see why there's a use case for a two-layered blockchain, such as Quarkchain.

If you're into the technical stuff, this is a great review of the Github code that Quarkchain has made publicly accessible https://cryptobriefing.com/quarkchain-code-review-deep-dive/
If you're too lazy to read Andre's review, the TLDR of Quarkchain is that he is "generally impressed and that their implementation is novel and well executed."

Why is TPS so important?
TPS is important because in coming up with a digital platform and a currency, we do not want to be limited at low transaction speeds. The world as we know today is growing, the population is growing more and more each day. Consumers do not want to wait so long for a transaction, in this age, transactions should be secure and instant, and this is what Quarkchain aims to achieve.

As innovative and disruptive as Bitcoin was to the digital age, Quarkchain is the next generation of blockchain platforms.

How does Quarkchain work?
Quarkchain has two layers of blockchains, they apply elastic sharding blockchain(first layer), with the root blockchain(second layer) confirming the blocks from the shards.

What do you mean by these two layers of blockchain?
Basically, to use an analogy, think of the root blockchain as a highway, on this highway, we get the main flow of blocks (cars), but because we don't want to clog the highway, there is a second layer, the different roads that lead into the highway.

"How does Quarkchain keep the network secure?*
Quarkchain keeps the network secure by market-driven collaborative mining. Quarkchain basically uses game-theory to ensure that there are incentives for at least 50% of hash power to be allocated to the root chain to prevent any double-spending attacks.

What about centralization?
Unlike proof of work blockchains such as Bitcoin and Ethereum, Quarkchain allows and encourages multiple cheap nodes to form a cluster to replace a super-full node.
What this means is that people like you and me, ordinary people, can come together and have multiple cheap nodes, to secure the network and to increase the scalability of the network. No longer do organizations which can afford super full nodes be the backbone of the digital currency, but now it is in the hands of the many.

Quarkchain takes the power out of the hands of the few and puts it into the many. Quarkchain revolutionises the digital age of cryptocurrencies!

With Quarkchain's smart wallet, you can store all your cryptocurrencies in and you only need one account to rule them all. You no longer have to own multiple wallets across different networks, but you just need one, Quarkchain's smart wallet.

Quarkchain is truly decentralized, secure, and scalable. Blockchain is the revolution, and Quarkchain is the next logical step in this revolution. If you want to be a part of the revolution, Quarkchain is for you. Join us!

Thank you for reading, I hope you will see the promise of Quarkchain, and invest in Quarkchain!