Quarkchain: Tackling Governance issues with blockchain

in #blockchain6 years ago

quarkchainbanner.jpeg

Quarkchain is coming and it's taking governance and scalability seriously.

QuarkChain wants to achieve 100,000+ transactions/second using a 2-layer sharding technique. The base layer will contain up to 50% of the hashing power, to prevent Sybil attacks and improve decentralization. The top layer will consist of dynamically scaled blocks called 'shards' that scale according to network usage. Both layers will be managed seamlessly and invisibly by a single user account.

Quarkchain tackles governance in the following ways.

  • Use’s proof of work to collaboratively mine 45% of the tokens.
  • Game-theoretic design to incentivize block production
  • Different sized nodes based on stake, giving different levels of governance.
  • Uses Ethereum Virtual Machine (EVM) to manage smart contracts.

The team stands out, with highly educated and experienced veterans from Facebook and Google. Along with advisors, the team has a strong mix of technology and finance.

quarkchainteam.jpg

With a modest $20-million raise for a stellar idea, it's no wonder they are consistently ranked the highest by several high profile reviewers. See below for a current chart.

quarkchain.JPG

Make sure you follow Quarkchain on social media using the links below.

Follow QuarkChain on Social Media
Website: https://quarkchain.io/
Medium: https://medium.com/@quark_30920
Telegram: https://t.me/quarkchain
Facebook: https://www.facebook.com/quarkchain.quark.5
Twitter: https://twitter.com/Quark_Chain
Weibo: http://weibo.com/QuarkChain
Github: https://github.com/QuarkChain

Sort:  

Congratulations @syne! You have received a personal award!

1 Year on Steemit
Click on the badge to view your Board of Honor.

Do not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - Semi Finals - Day 1


Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes


Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Congratulations @syne! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.28
TRX 0.12
JST 0.033
BTC 69942.87
ETH 3793.57
USDT 1.00
SBD 3.73