Topic: What is quarkchain? (Read 151 times)

1. What is Quarkchain?

If you have been in crypto for a while, you've probably known this project already.

QuarkChain is a high-throughput blockchain designed to achieve millions of transactions per second (TPS). High-capacity systems will solve the scalability issues of current blockchain technology.

2. What is quarkchain token?

Quarkchain token (QKC) is a ERC20 token on ETH. After the launch of mainnet, ERC-20 will be transferred into Quarkchain token, which will be produced by miners of quarkchain.

3. Which Dapps does Quarkchain support?

QuarkChain welcomes various DApps, especially those that require high transaction rates, Internet of Things (IOT), artificial intelligence and big data, games, peer-to-peer sharing economy, and more.
Today, many dApps are waiting for a more reliable and scalable foundation. QuarkChain will be a perfect choice.

4. Several projects claim that they can improve TPS, and how QuarkChain differs from them?
Only looking for a high TPS network is not a new story. Every year, famous payment networks (such as Alipay) can reach 200,000 peak TPS.The challenge for this project is to obtain a very high TPS while keeping the network dispersed and secure. Scalability, decentralization, and security have very different conditions and requirements, and many projects cannot fully take care of them. Quark's system increases throughput while remaining decentralized and secure.

5. Why quark chains can achieve high TPS
This is the result of several cool features of QuarkChain. They are as following:

1) Reusable double blockchain: QuarkChain consists of two layers of blockchains. Quarkchain uses the elastic fragment blockchain (fragmentation) as the first layer and a root blockchain as the second layer to identify the first layer of blocks. The second layer is flexible and can be re-segmented as needed without changing the root layer.

2) Guaranteed security through market-driven collaborative mining: To ensure the security of all transactions, a game-theoretic framework was designed for incentives in which at least 50% of the overall hashing rights were assigned to the root chain to prevent double-spending attacks against any transactions.

3) Anti-central level scalability: In any high TPS blockchain network, supernodes can be very expensive, which encourages concentration. In contrast, QuarkChain allows multiple cheap nodes to form a cluster instead of a super complete node.

4) Efficient cross-slice transactions: Cross-slice transactions in QuarkChain can be issued at any time and confirmed within minutes. The speed of cross-slice transactions increases linearly with the number of slices.

5) Simple Account Management: The entire blockchain (fragmentation) in QuarkChain requires only one account. All cryptocurrencies from different shards are stored in a smart wallet.

How will Quakchain change cryptoworld. We are looking forward!

Best.