QuarkChain SWOT Analysis (new POWER ico)
QuarkChain is a new third generation blockchain that aims to provide over 100,000 transactions per second while providing an added layer of security (Read my Introduction on QuarkChain).
Read on to learn about this project’s strengths.
QuarkChain Business Analysis
QuarkChain Business Analysis
SWOT analysis sheds light on the potential of a project.
In the current hurricane of ICOs, all sorts of projects are being pitched to the public. One key fallback, though, is that most of the projects being pitched are just in an idea state—plain whitepapers. QuarkChain’s latest testnet trial run showed nearly 2,300 transactions per second; this sets this project already ahead of other blockchain 3.0 projects that have had a head start. QuarkChain’s key strength is that its team has already shown that they are able to achieve their goal as they are on the right track without even having raised the necessary funds.
An additional major strength this project has that it has developed a massive community. Its Telegram group has nearly 85,000 members and this alone gives the project enough capability to penetrate the market with a powerful wave of promotion from project supporters. Word of mouth promotions are the best and this project has an army of supporters lined to push its name through the greater blockchain and crypto community. Plenty of projects have to spend massive sums on advertising on various media channels to manage to draw a community half this size; the project’s sheer achievement in such a short span has drawn massive interest and the project can positively leverage this in various ways.
QuarkChain is launching an extremely promising project, and it has achieved a good bit of progress without even proper funding. The only weakness it currently faces is that a large number of competitors are also developing third generation blockchains. This makes the competition tough and its competitors have raised heavy funds, and that means there could be a war of attrition in terms of market penetration.
Blockchain technology is catching traction in the world of commerce and that necessitates the rise of a network capable of supporting a high capacity of transactions. A project that can successfully deliver the market’s urgent need will be heavily rewarded. First and foremost, QuarkChain is a working block in the next technological frontier: blockchain technology. Additionally, this blockchain stands atop its competition by providing revolutionary means of reaching new heights with respect to scale of transaction flow. This positions QuarkChain to become the preferred blockchain for not only developers that have already adopted blockchain technology, but also those seeking an additional incentive—this will be delivered by the added layer of security. QuarkChain is poised to not only grow this market’s pie, but also to take the biggest bite out of it.
Also, as current mining processes have drawn in primary interest of large mining farms, QuarkChain’s cluster concept could spark a new level of interests from individuals to attempt mining. This could spark the widespread adoption blockchain needs to become the technology of tomorrow—QuarkChain has the right ingredients for that.
The key value additive offered by this blockchain builds on top of existing milestones of blockchain technology. It facilitates the move of enterprises to blockchain by providing a means to access greater tps and additional security all on a single network.
Wrap-Up: QuarkChain has some enviable strengths, particularly its community support, that will pave an easy path for this project to grasp the opportunity of fulfilling the scalability problems faced by the blockchain industry at present.
Essential QuarkChain Links
🌐 Website: https://quarkchain.io/
💡 Whitepaper: https://quarkchain.io/QUARK%20CHAIN%20Public%20Version%200.3.4.pdf
👨 ANN Thread: https://bitcointalk.org/index.php?topic=3587645.0
💻 Telegram: https://t.me/quarkchainio
Whitelist Registration Now OPEN
Connect with me:
https://bitcointalk.org/index.php?action=profile;u=1700741;sa=summary
https://steemit.com/@hatu – Follow for a new ICO analysis every day!
Twitter
Telegram Group – Keep up with ICOs
The Tree of Life, or Etz haChayim (עץ החיים) has upvoted you with divine emanations of G-ds creation itself ex nihilo. We reveal Light by transforming our Desire to Receive for Ourselves to a Desire to Receive for Others. I am part of the Curators Guild (Sephiroth), through which Ein Sof (The Infinite) reveals Itself!
Thank you for curating the post!
You're right, there is a current hurricane of ICOS being pitched to the public, but specifically there has been a large number of projects focusing on transaction flow and scalability.
The fact that QuarkChain can stand out among this shark tank of competition and achieve the level of popularity it's achieving speaks volumes about its potential for success.
True, competition is stiff, but they've still accrued such a massive wave of support. It's understandable since the product is targetting some imminent needs of the crypto community.