QuarkChain is a new third generation blockchain and testnet results have already shown a tps over 2,000. This is one of the very few projects ever to launch an ICO while having an existing, powerful product. QuarkChain aims for a first milestone of 100,000 tps and a long-term reach goal of 1 million+ tps. As this blockchain goes beyond just transactional prowess and offers an added layer of security, this piece analyzes its value offering.

QuarkChain VRIO Analysis

VRIO analysis gives a crisp and tight snapshot of a project.
I’ll be analyzing whether QuarkChain genuinely adds value to the overall state of cryptos and whether its value-addition is sustainable and maintainable.

A product’s value addition is reliant on its ability to properly exploit a particular resource. QuarkChain is delivering a new generation blockchain right at the dawn of this new technology; the resource it is exploiting is technology, and it’s doing it unlike any of its existing peers in the blockchain space.

QuarkChain is delivering imminently needed scalability, but the key factor here is that its value offering is heavily differentiated by its added security factor. This product is something the market is going to willingly accept as transactions are something both the public and enterprises natively feel insecure about. QuarkChain is able to successfully hone in usage interest by satiating the fear attached with transactional data.

QuarkChain’s team is harnessing blockchain technology and its innovative development design to offer a network capable of running a number of tps that has never been seen before while simultaneously putting to rest security fears with a greater reinforcement than past blockchains.

This is obviously not the first blockchain ever, but blockchain technology has undergone a path of development. Bitcoin is seen as the first generation blockchain; the founding piece that set the path for this technology. Ethereum is the go-to example of a second generation blockchain as it took the technology from just a means to securely transact to a platform that can be utilized. While the utility factor of Ethereum is extremely valuable, it has a key weakness: a network must be scalable enough to sustain the demands of real-world needs. This ushered a new generation of blockchains which fall under the third generation blockchain.

At present, very few projects have delved at developing a third generation blockchain, which aim at real world utility by countering scalability problems as-well-as providing innovative processes of mining—both of which are satisfied by QuarkChain, and that too better than any of its few peers.

So, while QuarkChain may not be the only third generation blockchain, it’s ICO is a few months later than other projects. Nonetheless, its development is not behind at all since its team has already opened testnet to public volunteers. This qualifies QuarkChain to be one of the pioneers of the third generation blockchain.

Imitation is a common curse in the blockchain industry, but the fact remains that imitators generally only copy the functionalities of the first generation blockchain (Bitcoin). As this is a low-hanging fruit, it’s easy to imitate. On the other hand, third generation blockchains require innovative development and the code is largely proprietary. With limited grasp of how such advanced blockchains function, imitators are easily thwarted. QuarkChain’s development is too advanced for imitators to adapt as the level of differentiation is too high.

As most ICOs call for an investment in a test idea, the venture can often be risky. So, it’s imperative to analyze the team. Many successful VCs have stated time and time again that they invest not in products, but in people. And when it comes to people, present actions speak exponentially more than past actions. So, putting QuarkChain’s team’s past accomplishments aside and taking a narrowed look at only their achievements in respect to this project, there’s solid evidence that this time will deliver what they promise.

The fact that QuarkChain has opened its testnet to public volunteers prior to its public sale is a testament to their ability to not only deliver, but also their ability to remain transparent in the development process.

Wrap-Up: QuarkChain is delivering a level of value addition that is hard to imitate and is presently unavailable by any other blockchain. Its team’s current progress on the development is a testament to their ability to deliver their goals. QuarkChain’s VRIO analysis shows that the underlying project has an extremely high potential.

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
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