QuarkChain - one of the most awaited ICOs of 2018 ( by @perekirill )

QuarkChain - one of the most awaited ICOs of 2018 ( by @Perekirill )

Changing the world with revolutionary blockchain technology

About QuarkChain

QuarkChain has gained a lot of attention from potential investors across the globe. The main innovation of this project is to scale transaction processing greatly. The high-capacity system will solve the scalability problem that current main blockchains are facing. This problem is so urgent that bitcoin community can't wait to reach an agreement.

QuarkChain Network is a high-throughput blockchain that aims to achieve more than hundreds of thousands on-chain transactions per second (TPS). QuarkChain have set out to find a solution that balances both these needs through by separating the two main functions of the chain into separate layers. QuarkChain is an innovative permissionless blockchain architecture that provides a secure, decentralized, and scalable blockchain solution.

Technical data:

Token - ERC20
Ticker: QKC
ICO Token Price: 1 QKC = 0.0214 USD (0.00003 ETH)
Fundraising Goal: 20,000,000 USD
Sold on Private Sale - 16,000,000 USD
Remain for public Sale - 4,000,000 USD
Total Tokens: 10,000,000,000
Available for Token Sale: 20%

What makes Quark Chain Network different from others high TPS projects?

Only looking for a high TPS network is not a new story. What is more important is the tradeoffs among scalability, decentralization, and security. It is very challenging to be achieved three of them jointly. Thus, what makes QuarkChain stands out is to obtain an extremely high TPS while maintaining the network’s decentralization and security. Thanks to QuarkChain Network development team members coming from Facebook and Google, who have been working on large scale distributed system development and are very familiar with various scalability means in centralized systems.

Sharding technology and cross-shard transactions

Sharding technique is from database, which means partitioning a large database into smaller parts, and data can be processed in parallel. It is one of the most common ways in centralized systems to address the scalability problem. For example, 100 people are shopping at Walmart. If there is only one cashier, customers need wait for long time. But if there are 10 cashiers, customers can divide into 10 lines and thus reduce waiting time.

QuarkChain Network fully supports cross-shard transactions (tx). Any user is able to issue a cross-shard transaction at any time. The technical key is the two-layer structure with a root chain. The tx-input shard initializes the process. The tx-output shard waits for the root chain’s confirmation and then realize the transaction. Because tx-input shard does not share the same ledger with tx-output shard, cross-shard transaction needs to wait for root chain’s confirmation before using the result of this transaction.

Revolutionary blockchain technology

QuarkChain aims to deliver hundreds of thousands or even millions of transactions per second in the next couple of years. Note that these numbers are the capacity of QuarkChain system, i.e., peak performance, rather than average TPS in production, which highly depends on applications.

QuarckChain is gaining a lot of traction in the crypto community and appears on top of the list of many influencers in the crypto-space. According to many experts' opinion the QuarkChain ICO is a serious contender as far as scalability solutions go

In my opinion the Quark Chain is an interesting project, that is very likely to do well after the ICO. I believe they can really achieve their aim which would be awesome and I will take my hat off to this great team.

The Team

Qi Zhou, Founder (Former Googler, Expert in high-performance sys)
Zhaoguang Wang, Software Engineer (Years experience at Facebook)
Xiaoli Ma, Research Scientist (Prof. at Gatech & IEEE Fellow)
Yaodong Yang, Research Scientist (Prof. at XJTU & Cofounder of Demo++)
Wencen Wu, Research Scientist (Assistant Professor at RPI)
Anthurine Xiang, Marketing and Community (Extensive experience in startup)
Ting Du, Business Development and Eco-system (Founder of Demo++)
Patrick Mei, Community Manager (Crypto media writer)
Julianne Zhu, Social Media Broadcasting (Rich experience in business development)

Advisors

Arun G. Phadke (Winner of Benjamin Franklin Medal), Bill Moore (Former president of DSSD), Mike Miller (Founder of Cloudant), Kevin Hsu (invested over 60 blockchain companies), Leo Wang (Famous crypto fund manager), Zhiyun Qian (Expert in cyber security), Andrew Lee (Blockchain Diligence Expert)

Please visit these links for more information about the Quarck Chain ICO:

Website ​https://quarkchain.io/

Token Sale https://www.quarkchain.io/QuarkChain-Token-Sale-Terms%5BEN-ZH%5D.pdf

White paper https://www.quarkchain.io/QUARK%20CHAIN%20Public%20Version%200.3.4.pdf

Github https://github.com/QuarkChain

Telegram https://t.me/quarkchainio

This article is for education purpose only and it is not a financial advice. Always do your own research!

This article is contributed by Kirill Fedorov (Telegram ID @perekirill)

References: QuarkChain Foundation, accessed 13 May 2018, https://quarkchain.io/