QuarkChain: A Modern Scalable Block-chain Looking to Dethrone ETH?

Quark Chain platform is one of the new Block-chains on the Block technology, that aims to build an extremely scalable and secure Block that manage up to one million trades each second applying 2 layered Block system.
They’re seeking to bring the virtual asset to wider group audience and will support intelligent agreement with EVM. This means creators will be capable to simply port and deploy D Apps built on ETH onto Quark Chain once their main-net is live which could create Quark Chain a real contender right-out the gate.

We’d see the likes of other D apps that need scalability mover their D applications over Quark Chain if ETH is not able to solve their scalability problem in a timely manner. Block scalability is at the front seat of a lot of people’s brains in the virtual community. It’s one of the most hotly discussed topic and trends going across.

But what’s Block scalability?

Block scalability is the potential of Block network to manage greater quantities of deals without incurring minus side effects.

Let’s consider a soccer stadium which a space to hold 50k people for e second. The ground can be said to scale well-up to 50k people, though exceeding the soccer grounds space with say 75k people would have a grave impact on security and the knowledge of the patrons.

There would be long queues than usual for drinks, food, and toilets generating a poor experience for people. There’d be standing room just and everybody would be bumping shoulders as they try to shift around the ground.

Block scalability comes down to scalability

A trade for Block can easily be though for as single users sending virtual money to one more user:

• ETH maxes at around 15 deals each second
• BTC can support 6-7 deals each second

This means BTC and ETH’s scaling has very low deal throughput and as illustrated in the ground example mention earlier, would lead to a minus experience for the people. Deals would crawl to prevent and take moments instead of seconds to go through, deal changes would top, and it easily would not be an enjoyable time for everyone connected.

Now the Question is then is how Block gain a top level of deal throughput so they’re capable to perform at highly deals each second?

Financial Payment Systems vs. Blockchain

Let’s compare ETH and BTC to hugely adopted deal system to date, Visa can manage 40k-60k deals each second during Christmas terms whereas ALIPAY is able of a Giant 200k deals each second. For digital money to have any option whatsoever of unleashing its complete power in disrupting a lot of the planet’s incumbent sectors, its evident there have to initially be a solution to the limitations of block scalability.

Quark Chain Project

Quark Chain platform ambitions to build a centralized, user-friendly and reliable Block that can eventually manage one million deals per second, scalability has be connected to the shape of Quark Chain from get-go and with this in the brain they have set out to design a project able of supporting sectors ranging from Fin-tech to social media and gaming.

The Problem

There is a saying in life that goes like this…

• When you are young you’ve energy and time, but no currency.
• When you are an adult, you’ve energy and money, but no time.
• When you are retired, you’ve money and time, but no power.

Well!!! Is it not possible to gain all these? Of course, it’s!

The same dilemma presents itself in Block though there has been no viable reply uncovered to sate this is ideally what Quark Chain along with a lot of others in this area are trying to solve.

The Block dilemmas look like this:

A centralized Block can offer scalability and safety though loses every trace of centralizations. Centralized blocks are same as a centralized system on the older planet, such as Visa, Banks as-well-as Pay Pal.

Opting for a centralized block such as ETH or BTC gives security and dispersed platform, however, scalability is sacrificed which was evident with Crypto Kitties D Apps and huge deal charges when demand for BTC network was high.

The actual challenge, therefore, is listing out how a block can achieve all 3:

• Scalability
• Decentralization
• Security

Whoever is capable to solve this dilemma will liable score them a single way ticket to space!

The Solution

• Lightning network: BTC´s choice to this issue looks to be inefficient. User’s deal targets are random and occur sporadically.

• Multi blocks: They might suffer from vulnerability Problem, twice-spending attacks, reverse deals or planned mining attacks.

• Sharding: Omni ledger’s solution to the issue, with the complicated consensus protocol. It might be restricted by cross-shards deals and one shard takes over.

For other info about the QuarkChain, please visit the following links:

• Website: https://www.quarkchain.io
• Whitepaper: https://www.quarkchain.io/QUARK%20CHAIN%20Public%20Version%200.3.2.pdfcontent/uploads/2018/02/Blockshipping_GSCP_ICO_White_Paper_public.pdf
• Facebook: https://www.facebook.com/quarkchain.quark.5
• Telegram: https://t.me/QuarkChainio
• Twitter: https://twitter.com/Quark_Chain

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