I’ve written a number of pieces on QuarkChain recently and the project has collected a lot of buzz not just from me, but perhaps the whole web. QuarkChain is utilizing a double layer to achieve high tps and extra security, and it even intends to create a way for everyday people to have a fair shot at mining. But what’s all the hype with high transactions per second?

Plenty.

Bear in mind that the blockchain technology is considered a new technological frontier as it has the ability to take the internet from being communication-centered to value-centered. And the key aspect of attaching value to every possible digital interaction requires an underlying transaction. So, despite the great achievement the blockchain community has achieved due to so many successful ICOs, many projects are unable to reach their full potential. And the reasoning is simple: in the real world, transactions are split across many payment networks. People utilize networks from Visa, Mastercard, PayPal, etc., but in the blockchain sphere, all this pressure is currently being placed on one entity: Ethereum—and Ethereum simply cannot handle all this pressure.

Empowering the Blockchain Community

So, now you understand that Ethereum cannot handle the demands being placed on its network. Due to this, some of the most amazing on-chain projects are simply unable to reach their full potential. So, here’s a look at what, from just within the blockchain sphere, needs to utilize a 100,000 transactions per second, and thereby makes QuarkChain such a necessary development.

Marketplaces

Many entrepreneurs are coming up with brilliant concepts for decentralized exchanges. Projects like Storiqa are aiming to develop a decentralized marketplace for virtually any product, Opiria is developing a decentralized marketplace for personal data, DataBroker Dao is creating a marketplace for IoT sensors data, and the list goes on.

Once these marketplaces become functional, their transactional demands would be far too much for Ethereum to handle. The blockchain project’s developing marketplaces open to participation to anyone in the world could draw in greater consumer base than any existing platform. Consequently, these tps demands could be too much for even Visa’s existing network. However, QuarkChain can support this; this is why such a massive tps ability is important.

Gambling

Due to the transparent nature of the blockchain, online gambling seems like one of the most organic utilities of this technology. Yet, one of the most underperforming sectors among blockchain projects is gambling. Despite the astounding growth online gambling and blockchain technology are facing, these projects are oddly unable to reach their full potential.

The reasoning is simple: online gambling draws in millions of players at any given moment and that calls for a need for extremely high transactional ability at any given moment. These projects can only support the full force of the gambling community’s enthusiasm to participate in a transparent ecosystem once QuarkChain empowers them to sustain their transactional ability.

Gaming & Sports

Plenty of entrepreneurial teams are developing means to place crypto transactions into gaming, to develop blockchain-based games, and to even make every game item a virtually tradable cross-game asset. Another massive hobby being targeted by blockchain projects is sports, as they intend to take power away from centralized sports authorities.

These are ambitious plans but they serve as one of the easiest market penetrations for cryptocurrencies. However, the gaming and sports communities, compositely, are large enough to engulf the entire developed world. These projects simply cannot function with the tps capability of Ethereum. Their success relies on the creation of QuarkChain, which can support the demands of the gaming and sports communities of the world.

Wrap-Up: Currently, blockchain projects are simply unable to reach their full potential as they cannot sustain the transactional demands the userbase can generate. Ethereum can already be extremely slow and as more and more developers adapt to this technology, the tps demands will only grow. Decentralized marketplaces, blockchain-based gambling products, and gaming or sports dapps are just some example, within the blockchain sphere, that direly need a heavy tps fulfillment from QuarkChain.

Not only will QuarkChain’s initial goal of 100,000 tps be guzzled by the blockchain community’s developments, but even the long-term reach goal of 1 million+ transactions could one day become a dire need.

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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