For a simple pursuit of scalability

in #scalability6 years ago

Evade sacrificing security and decentralization with QuarkChain

QuarkChain aims at providing a secure, decentralized and scalable blockchain solution, its approach is towards rewiring the nature of today’s economy and to control the blockchain based networks with the growing electronic payments.
They are offering extensive features to deliver 1,000,000+ chain TPS, like
• Reshardable two layered blockchain
• Guaranteed security by market-driven collaborative mining
• Anti-centralized horizontal scalability
• Efficient cross-shard transactions
• Simple account management
What does QuarkChain technology bring to us?
• It enhances scalability
• Guarantees security and decentralization
• Enables seamless cross-shard transaction
• Improves use quality of experience
• Simplification of the account management for clients
• Support various Dapp with its open standard
• Incentive driven eco-system
QuarkChain was started with an objective to develop powerful large scale distributed systems in the centralized world that manages billions of TPS. That said, the team has initiated this project to largely increase the boundaries of blockchain usability without being detrimental to its safety and decentralization features.
The vision of the team at QuarkChain is to maintain security and improve scalability. And make it available for everyone, regardless of the purpose. We are aiming at all those industries that request for a higher TPS.
Quarkchain’s impressive progress on the development front could lead to a viable sharding solution before Ethereum.
A scalable blockchain solution that delivers high on-chain transaction per second. QuarkChain aims to build a seamless platform to support distributed social media, high frequency trading, Internet of Things (IoT), gaming, and financial payments.
More on QuarkChain’s ecosystem
With the primary goal to solve scalability issues and to focus on the current financial tech areas and game industries. QuarkChain has its own token (OKC) and it is a value carrier for more than one thing.

To elaborate on this, it is like Ethereum. However, it has low transactional fee because of its powerful processing capability. It supports smart contract. Also, QuarkChain has robust infrastructure to support mobile DApps and its infrastructure design is mobile-oriented. They allocate significant amount of QKC as incentives for developers, who adapt and build their DApps on QuarkChain. It is an ideal platform to build shared economy businesses.
More Insights
They aim to shorten product development cycles by adopting build-measure-learn feedback loop from the lean startup methodology, allowing developers to run minimal viable products on-chain.
Their objective is to bring bona fide business into blockchain world, the ones that have a strong need for high-throughput blockchain and can solve existing customer or business demands.
They’re looking to promote DApps tp support small business owners by providing affordable and wasy handling of anti-counterfeit solution. This will support open and collaborative businesses to partener with them and leverage QuarkChain to scale up their business.
They want to provide a platform to support IoT applications with many low-cost devices and speed transactions.
They want to collaborate with data analysts and economists to develop new economic models and bring valuable feedback to enhance design with higher efficiency.
QuarkChain system greatly simplifies account management and improves scalability and security.

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