Quarkchain: The way to solving Scalability and Mass adoption?

QUARKCHAIN ICO REVIEW

Project
QuarkChain, a decentralized and highly scalable blockchain solution, is aiming to become a high-capacity peer-to-peer transactional system that can achieve millions of transactions per second (TPS), thus solving the scalability problems of current main blockchains. QuarkChain will utilize sharding to provide a high-capacity peer-to-peer transactional system. It will consist of a sharding layer, which allows for high throughput by effectively distributing data, and a root layer, which serves to confirm the blocks of the first. Using this model, QuarkChain is seeking to successfully balance the three pillars of a blockchain — security, decentralization, and scalability.

QuarkChain is hoping to be able to offer a solution to growing customer demands and increased transaction volumes within the blockchain ecosystem. They are an up and coming innovative blockchain network that is gearing themselves up to meet the needs of the increasing global trade volume while implement certain features that make them a one of a kind type of project.

QuarkChain will provide a decentralized solution to the problem that is both secure and scalable. It is poised to be capable of delivering over 1 million on-chain TPS.

The main features of QuarkChain are:

Reshardable two-layered blockchain-Quarkchain consists of 2 layers. The first one offers elastic sharding (a type of database partitioning that separates very large databases the into smaller, faster and easily managed parts called data shards). The second layer-also known as root blockchain- confirms the transactions (blocks) of the first layer. The second layer can also be resharded as needed without changing the root layer.
Guaranteed security by market- driven collaborative mining-basically, to ensure the security of all transactions at least 50% of the overall hash power is allocated to the root blockchain preventing double spending attacks. This means that there will be collaborative mining (incentive mechanism) included.
Anti-centralized horizontal scalability- Quarkchain allows multiple cheap nodes that form a cluster to replace a super full node (that can be very pricey).
Efficient cross-shard transactions. Two types of transactions: in-shard and cross-shard. In-shard transactions -when the input and the output addresses of the transaction are in the same shard. Cross-shard-when the input and output addresses are in different shards. The cross-shard transactions can be issued at any given moment and confirmed within minutes. The speed of the cross-shard transaction increases as the number of shards increases.
️Simple account management- only 1 account needed for the all the blockchains(shards) in Quarkchain. All cryptocurrencies from different shards are stored in one smart wallet. A user will be able to manage all addresses in all shards via a single private key.

Quarkchain will support smart contracts via EVM. Most of the existing DApps that are built on top of EVM can be directly deployed on Quarckchain. To utilize high-scalability, Quarkchain will provide additional scalability-aware interface.
Team and Advisors

Team of 10 members with 6 advisors.

Founder, Qi Zhou, Education: Mathematics at Beijin University(BUPT-ranked 201–250 in the world), M.S. Computer Science at Shanghai Jiao Tong University(62nd World). Software engineer and expert in high performance systems. Experience as soft engineer at Google (9m), DELL EMC (~2y) and most recently at Facebook (1y-until March 2018).
Software Engineer: Zhaoguang Wang, Education: Soft Engineering at Shanghai Jiao Tong University and Master’s of Comp Science&Engineering at University of Michigan (21st World). Expert in large scale distributed systems. Worked as a research assistant at University of Michigan for 1y, Senior soft engineer at Google (5y- until Jan 2017), Instagram and currently at Facebook.
Research Scientist Team:

Xiaoli Ma, Education: Automation at Tsinghua University (25th World), Ph.D. Electrical Engineering at University of Minnesota(163rd World). Associate Professor at Georgia Institute of Technology (70th Wolrd) for 4 years. Currently Professor, IEEE fellow at the same university since 2014. Co-founder of Ratrix Technologies-technology to maximize data throughput and spectral efficiency of wireless communication systems.
Yaodong Yang, Education: Bachelor’s Engineering at Zhejiang University(87th World), Ph.D. Engineering at Virginia Tech(367th World). Work experience includes Research Assistant at Virginia Tech for 4years. Currently professor at Xi’an University (since 2011). Co-founder of Demo++(startup incubator-not much found).
Wencen Wu, Education: Ph.D. Computer Engineering, Georgia Institute of Technology. Expert in model simulation and verification in distributed autonomous systems. Currently working as an Assistant Professor at Renselaer Polytechnic Institute (since 2013).
Rest of the team:

Marketing&Community: Graduate from SJTU & JHU; Consumer marketing and analytics at LinkedIn(1y), Lead Platform Analytics at Wish(big shopping mobile app).
Bizz Development&Eco-system: Founder of Demo ++, incubated Ink; Dedicated on Blockchain productization and business development.
Operation: Founder and CEO of multiple international companies. Couldn’t find LinkedIn or extra info on the site.
Community Manager: Founder of investment firm, 3 years of experience in financial investment. Crypto media writer.
Social Media Broadcasting: Intern at EY as Assurance Auditor. Shanghai Branch Manager at RoboTerra inc (AI robotics company, that received 4.2 million USD in seed funding) for 2 years.
Advisors:

Wang Leo-founder and CEO of PreAngel, a Beijing-based investment fund focused on early-stage internet and blockchain startups. Lijie has invested over €150 million in nearly 300 technology start-ups in Asia and the USA. Wang started with mobile apps but now blockchain is his main focus. NEO’s first investor in China.
Bill Moore-President at DELL EMC (2014–2016), Engineer at Sun Microsystems from 2003 to 2010,(acquired by Oracle). Currently Partner/Managing director of Walden International (huge VC).
Mike Miller-Ph.D., Yale University(top), Research Assistant Professor at Affiliate Professor (present) at University of Washington (61st World) for about 10 years. Founder of Cloudant (later acquired by IBM). Cloudant was providing a distributed database-as-a-service that scales and manages the databases of web and mobile app developers and received 16.3 millions (as per Crunchbase) USD seed funding.
Kevin Hsu- rich experience in investment and has invested over 60 blockchain companies around the world.
Arun Phadke-University Distinguished Professor, Virginia Tech; Fellow of National Academy of Engineering, USA.
Zhiyun Qian: Intert at Microsoft and Cisco. Research Staff Member at NEC Laboratories America and currently Assistant Professor at University of California, Riverside.
Token Metrics:

Hardcap: 20 million USD, fixed to USD
ICO stage: Crowd Sale
Crowdsale date: TBA, expected in the end of May/Early June
Token Split: See Below
Symbol: QKC, interim ERC-20. To be converted when Mainnet 1.0 launches (Q4 2018)
Token price: TBA


Hype(14.05.2018)

Telegram: 85k A Huge Community Support
Twitter: 14k
ROAD MAP :

Q2 2018 — TestNet 0.2 release which will support most of QuarkChain’s features such as smart contract, reshard, and so on.

Q4 2018 — QuarkChain Core 1.0 release, Mainnet 1.0, and Smart Wallet (aiming for ~100,000 TPS at this time).

Q2 2019 — QuarkChain Core 2.0 release, Smart Wallet 2.0, (aiming for ~1 million TPS with clustering at this time).

CONCLUSION

I am extremely bullish on it. As far as I know, QuarkChain and Zilliqa are the only project that is implementing sharding on testnet. Zilliqa has a current market cap of over $1 Billion.

The hard cap of $20 million represents just 2.8% of the market cap of Zilliqa, the closest comparable project and by itself undervalued in my opinion.Therefore, I believe QuarkChain has the potential to go down as one of the most successful ICO projects in 2018.

Useful links:
Webpage: https://www.quarkchain.io/

Telegram: https://t.me/quarkchain

Facebook: https://www.facebook.com/quarkchain.quark.5

Twitter: https://twitter.com/quark_chain

Github: https://github.com/QuarkChain

Disclaimer

I am not a financial advisor and that nothing written in this article is legal or investment advice! The information provided in this review is for informational purposes only and reflects my own personal opinion of the project.