The Revolution of the Transaction Industry: Quarkchain
Introducing QuarkChain
QuarkChain derives its name from the two compounding of two different fields of thought. A “quark” is the foundation of matter and “chain” refers to the rise of blockchain technology that has become synonymous with cryptocurrencies. In essence, just like the quark is the foundation of matter, so too Quarkchain will become the foundation for blockchain Transactional Processing Systems (TPS).
The world of TPS’s has long searched for the answer to scalability without sacrificing security, a search which has gone unanswered until now. QuarkChain is uniquely placed in the industry to provide incomparably large transactions in a secure manner, as it positions itself to be the first true high capacity peer-to-peer transactional system. It is not an understatement to say that it will revolutionize the cryptocurrency field, as the security and convenience on offer is second to none.
Quarkchain Stripped Bare
Blockchain systems have been around for a while now – they underpin the likes of Bitcoin and Ethereum and offer a decentralized store of data. Not only the realm of cryptocurrencies, today corporations seek its service as a secure ledger service that is not easily mishandled by human intervention. Blockchain systems are proven to reduce fraud and hacking. However, they come with an intrinsic weakness: the larger the amounts of data that go through the system, the more risk the blockchain encounters – making scalability in transactions increasingly difficult. Until now, the choice was binary; one could have either scale or security in a TPS, not both.
The volume of TPS compared with competitors
Thus, enters QuarkChain, a mechanism to achieve scale and security. Founder, Dr Qi Zhou and his team use a unique dual-layered blockchain system that ensures a TPS that conforms to global commercial standards. The architecture of it is genius, scaling the traditional blockchain system to new heights. “How big?”, you ask – the answer: the QuarkChain will increase blockchain capacity by a multiple of thousands, sometimes even millions. This new breakthrough will allow millions of peer-to-peer transactions every second.QuarkChain will soon be used in industries like gaming, high frequency financial trading, corporate environments, social media and loT. It offers the protection of decentralization whilst giving a decongested medium to the utmost in security.
The Investment Opportunity Presented
With the advent of an innovative solution to a problem that has grappled the blockchain world since its inception, QuarkChain is uniquely placed to compete with the best of them. There is no doubting the utility of the technology or that it will be gratefully received by the market; some suggest it could even compete with the likes of Ethereum, a hypothesis that has some merit.
The team behind QuarkChain have been involved with the development of some of the biggest names in the digital world: Google, Instagram and Facebook, to name a few. Added to this, they bring great expertise in software engineering, finance, blockchain development and cyber security. Not only do they have a great idea, but each member has a tract record of success and knows the details required to be a key player in the market. An example of the developers’ insight would be the integration of the Ethereum Virtual Machine. Consequently, this encourages the migration of dApps (Apps that run on blockchains) that rely on ERC-20. By doing so, QuarkChain takes full financial advantage of its connection to Ethereum. The fact that every iota and intricate detail has been thoroughly inspected meansit would be difficult for any potential investor to look past such a lucrative opportunity.
QuarkChain has left $4million dollars in ERC-20 tokens will be made available for public purchase at launch. These QuarkChain tokens (QKC) will have an eventual total supply of ten Ethereum. Now, it goes without saying that because of the high utility of the tech, once the QKC hits the market it is almost certain that the value will dramatically increase. It should leave potential investors drooling in hope of taking a share of the initial $4 million’s worth of tokens at launch. One should expect a scramble for QKC, as the marketing of QuarkChain has reached to the fore of the tech world in the form of prominent Youtubers and multiple ICO spreadsheets mentioning QuarkChain right at the top.
Verdict
QuarkChain has proved to be a breath of fresh air in the blockchain domain. Not only is it an exciting investment and a competitor for the likes of Bitcoin or Ethereum, but the fact that it offers a distinct solution to a commonly experienced problem means it is here to stay. We could be experiencing the cusp of a new era in blockchain technology, equitable to the invention of the internet or the initial craze we all experienced with Bitcoin. One thing is certain: to be a part of the QuarkChain invention is simply exciting.