Quarkchain, the Modern Day Story of David and Goliath

Quarkchain is a new high throughput blockchain that seems to have skipped a lot of grades in school. With competitors like Zilliqa and Wanchain capped at $1.4 billion and $0.8 billion respectively, it’s amazing just how short Quarkchain seems in comparison.

The ICO is hard capped at only $20 million with $16 million raised privately with the remainder being up for grabs in the public round. Despite this incredibly minuscule number in comparison to its major competitors, Quarkchain has drummed up quite the storm. This is because of the massive potential it has in terms of growth, and with partnerships yet to be secured, Quarkchain has some ways to go.

It’s unsurprising that many wish to be part of its inevitable rise from the beginning, but only a few will manage to get whitelisted as the KYC (know your customer) process, which is already underway, will start vetting who is and isn’t eligible to be part of the ICO.

So how is Quarkchain faring against the giants?

Quarkchain may not be big right now, but oh boy do they have big dreams. Their plan is to achieve more than a million transactions per second (tps) by Q2 2019, and they have already managed 2,000 tps in their current private testnet. Their next milestone, anticipated very soon in the future, is at around 10,000 tps on testnet 0.1.

Compared to other blockchain projects, the current transaction speeds for a permissionless, public network is fantastic, so people are expecting great things to come from Quarkchain.

Speaking of great things, Quarkchain actually supports Turing complete smart contracts, i.e. smart contracts with the added functionality of being able to apply sophisticated logic, and the EVM (Ehtereum Virtual Machine), which is something many of its competitors actually do not have support for, including the massive Ziliqa.

How the hell is Quarkchain managing this?

It’s simple, actually it’s not simple at all; in fact, Quarkchain is rather complicated. It utilizes sharding technology in its two-layered blockchain, of which the first layer is composed of shards or minor-blockchains.

These shards handle the transaction processing and the second root layer deals with the confirmation of said transactions. With things like clustering and collaborative mining, it’s easy to get lost in trying to figure out exactly how Quarkchain works, but the important thing is how it all affects you as a potential user.

In terms of usability, using Quarkchain is pretty intuitive, with the aid of the Smart Wallet, despite a two layered blockchain with multiple shards dealing with both in-shard and cross-shard transactions. Maybe having a primary as well as a secondary account will take some getting used to, but considering the fact that the primary account alone reflects all relevant information, it shouldn’t be too difficult.

It’s clear that every feature in Quarkchain was put in with the purpose of somehow getting the blockchain closer towards the vision of a fast, decentralized, public and secure network for all. If that goal is of interest to you, then so should Quarkchain.

To learn more, go through the following resources:

Whitepaper: https://quarkchain.io/QUARK%20CHAIN%20Public%20Version%200.3.4.pdf

Website: https://quarkchain.io/

Twitter: https://twitter.com/Quark_Chain

Telegram: https://t.me/quarkchainio

Reddit: https://www.reddit.com/r/QuarkChain/

Github: https://github.com/QuarkChain

Code Review: https://cryptobriefing.com/quarkchain-code-review-deep-dive/

Facebook: https://web.facebook.com/quarkchain/