The world of cryptocurrency is getting more and more crowded. So, crowded that it sometimes has become quite difficult to distinguish the amazing projects from the empty ones promising to disrupt whatever industry like never before. Well…  I’m here to let you know about a project that 100% fits in the first category and is having its ICO right now. If security, scalability and decentralization are your thing, you’ll probably jump on QuarkChain (QKC)  after reading this article.  

Do you know what a blockchain is ?

First of all I’ll assume that you know how a transaction works in Blockchain. If you don’t, don’t be ashamed many people pretend that they do when they don’t. To make it very simple and quick, a blockchain is a decentralized database or a chain of blocks where transactions are stored.
 

Do you know how a block works ?

A block can contains for example the sender, the receiver and the amount of coins being sent. Each block has what’s called a hash which is its identity if you like. It also contains the hash of the previous block which creates a chain and that’s what makes the whole thing pretty secure because messing up with a hash would mean dealing withthe hash of all the following blocks. I said pretty secure but not unbreakable… It has some vulnerabilities.  Of course, dealing with so much information takes a lot of resources which can actually slow down the treatment of the transactions. That’s what often happens with Bitcoin and Ethereum. They can only deal with a certain amount of transactions per second due the complexity of the chain and more importantly their lack of efficiency.
 

That’s not quite the whole thing but we’ll keep it simple to get to what Quarkchain is about and why it’s better than the other Blockchains like let’s say Bitcoin. 

Now that we have revised our basics what is QuarkChain ?

> Quarkchain is a multi-layer, peer-to-peer transaction blockchain.

We’ve seen previously what a Blockchain is at a very basic and simple level. We’ve also seen that Bitcoin but also Ethereum for example are limitated to a certain amount of transactions per second because of their lack of efficiency. It’s worth remembering that Bitcoin was the first generation Blockchain and that Ethereum is the second generation.
 

That’s where QuarkChain changes the game.  Thanks to its two Layered BlockChain (yes you’re reading it right) and its Sharding technology QuarkChain can expand its capacity to a sky beyond Bitcoin and Ethereum. As a matter of fact well beyond what VISA can do!
 

Here is a quick recap to put things in perspective:

Bitcoin : 4 tps
Ethereum : 10 tps
Visa : 44996 tps
QuarkChain : 99990 + tps
 

*TPS = Transactions per seconds 

Some explanations about Quark’s Multi-layer BlockChain

I don’t want to get to technical because my objective is to allow anybody to understand easily why Quark is a great project but I must speak further about their Multi-layer.
 

Right now the block in Blockchain have two functions :
- One is called ledger which performs transaction and records the results.
- The other one is called Confirmation (pretty transparent hey ?) which confirms the transactions from ledger and prevents the chain from being corrupted by an attach.
 

QuarckChain goes much further  !

QuarkChain has separated the two functions mentioned above in two different layers.

One of those layers has an "elastic sharding*" blockchain. A shard is a minor blockchain which process sub sets of transactions which obviously upscales massively the entire Blockchain’s capacity.

The other layer is the RootChain layer which confirms all the blocks from the sharded Blockchain.

* To make it simple. Quarkchain has transformed two basic fonctions in the old blockchain into two layers. The sharded blockshains which replaces the old (may I say obsolete) Ledger function works more efficiently by processing sub sets of transactions. 

More decentralized means good for mining

Quark is likely to get mass adoption because it supports the weaker miner. Nowadays it’s hard not to join a pool (eg a group/club) when mining to even get a chance to get a reward on a crowded blockchain like Bitcoin

Well that’s not the case for QuarkChain which is much more decentralized thanks to it’s dual layer Blockchain. A weaker miner will totally be able to get rewarded without joining a pool.

Security

The Network is protected by 50% of its entire hash power but QuarkChain says in its white paper that if it’s a smaller number than the mono Blockchain type of networks it’s still much harder for mischievous person to reach 51%.      

The Smart Wallet

The QuarkChain Team is developing a smart wallet that will allow the user in any shard with a single private Key ! pretty convenient hey ?!

The team

Qi Zhou is Founder and CEO of QuarkChain. He has software engineering experience with the likes of Google, Facebook, and EMC, where he developed sharding and clustering solutions. Qi holds a PhD from Georgia Tech in Electrical and Computer Engineering.

Yaodong Yang is a Research Scientist with the QuarkChain ICO. He is the Cofounder of Demo++, a startup incubator. He is also a Prof. at Xi’an Jiaotong University and holds a PhD in Engineering from Virginia Tech.

Xiaoli Ma is also a Research Scientist with QuarkChain. She currently serves as a professor at Georgia Tech and is an Institute of Electrical and Electronics Engineers Fellow.

Anthurine Xiang serves as CMO. For the last 4 years Anthurine has worked in Silicon Valley, with companies such as LinkedIn, Chartboost, Beepi and Wish. She holds an MSE in System Analysis and Economic Management from Johns Hopkins University.

 

The advisors working with QuarkChain

• Leo Wang – Head of PreAngel VC and prolific crypto investor
• Mike Miller – Liquid2 Ventures, Founder and Chief Scientist at IBM Cloudant
• Bill More– Founder/CEO of DSSD, later acquired by EMC
• Arun Phadke– Professor Emeritus of Electrical Engineering at Virginia Tech

The ICO is happening right now, the 20th of may is the deadline

If you're interested in investing into this great project first don't hesitate to try to get in the ICO. Whatever happens you should visit their website and DYOR like people say.

Here is the link : https://quarkchain.io

Conclusion

Quark is a must have in your portfolio if you want to have a blast by the end of year. The team is super competent and there's nothing quite like it.
They have worked towards making to most balance coin possible without sacrificing too much of each aspect making it lighning fast and scalable.