What is the Quarkchain? Why should we invest in Quarkchain ICO Project?

butchimau.bmt (25)in #ico • 6 years ago (edited)

What is the Quarkchain? Whether invest Quarkhain ICO or not is a question of many investors in the world. So to answer this question, let’s take a look into this article to review Quarkchain ICO Project!

What is the Quarkchain?

The QuarkChain project wants to build the third generation of blockchain with multiple layers of scalability through the Sharding solution with consists of two main classes that perform separate functions.

Some characteristics of the Quarkchain blockchain network:

The first layer of shards performs a subset of transactions independently. As the number of strings increases, the number of transactions that can be processed increases. The second layer, the original string, has the ability to validate transactions (blocks) in the first string without performing transaction processing.
Quarkchain supports two types of cross-shard and in-shard transactions. An in-shard transaction is a transaction that has a send and receive address in the same shard. Cross-shard transactions are transactions that have received and sent addresses in two different shard strings. Support for cross-shard helps speed up the system.
QuarkChain develops the smart wallet, which allows you to store all types of electronic payments in different strings, all with just one private key.
Support for intelligent contracts via EVM (Ethereum Virtual Machine), this solution makes Quarkchain easily compatible with the current Dapp.
Quarkchain aims to improve the existing blockchain network and achieve transaction speed of 1 million transactions per second.

Why should we invest in Quarkchain ICO Project? Who are QuarkChain’s leaders?

The development team consists of 10 members and 6 advisors. Overall, the development team is quite experienced in both research and in large companies such as Facebook, Google, Dell ...
Qi Zhou: Co-founder and CEO of Quarkchain, graduated from Beijing Post and Telecommunications University, PHD at Georgia Tech. He has experience working in Facebook, Google, and EMC

Zhaoguang Wang: Software engineer, served as research assistant at the University of Michigan, engineer at Google. He has extensive experience in researching and building distributed storage systems.

Xiaoli Ma: Project team leader, faculty member at Georgia Tech. He is co-founder of Ratrix Technologies, which specializes in the optimization of data transmission systems.

In addition, the project has six mentors, most of whom are experienced in technology such as Leo Wang, executive director of PreAngle VC, Mike Miller, director of Liquid2 Ventures. Overall, the team is strong, but has little experience with regard to blockchain.

What is the advantages and disadvantages of Quarkchain?

Strengths of the project

The first version of Quarkchain Testnet are currently already running. The project focuses on solving the main problem of current electronic money, which is quite open. the Testnet to run 2k TPS. Development Roadmap, the team aim to achieve 10k TPS.
There are samples, expected to release testnet in May.
Support for intelligent contracts via EVM (Ethereum Virtual Machine), this solution makes Quarkchain easily compatible with the current Dapp.
The development team is experienced in the technology employed by large companies.
The project received great attention from the community with 35,000 members on the telegram. The number of members increases very fast.
Quarkchain’s roadmap is reasonable and clear.

Challenge of the project

The market is fierce competition from other projects. In which direct competitors are using Sharding solutions such as Zilliqua, Ethereum, Fusion ...