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QUARK — million transactions per second!

QuarkChain

Quark Chain — is considered a high-performance block, the target of which is the acquisition of speed in a million transactions per second. Quark Chain will solve the main problem of all advanced blockers, and specifically scalability, as if it will perform instant transactions.

Quark Chain is preparing an emphasis on skilled balancing between decentralization, security and scalability.

Quark Chain set a target to supply a conclusion that would balance scalability and safety by means of dividing the two main functions of the chain according to the individual layers.

The 1st layer will feed all shards or small block chains that process a large number of all transactions in the autonomy buddy from a friend.
The root layer is the 2nd layer of Quark Chain. The main function of the root chain is to prove all blocks of shards, but not to process transactions without the help of others.

Quark Chain allows 2 types of transactions — inside shards and between shards. Internal operations are made between the addresses of the first and such a shard. But placing Quark Chain separately from other solutions is probably the ability to create transactions between shards. The passive capacity of the transaction system between shards is scaled according to the linear system, depending on the growth in the number of shards. To simplify the work with the cross-shard system, Quark Chain leads the study of smart wallet. The addresses belonging to the user in any shard are considered to be easily accessible through 1 hidden key.

Tokens Quark Chain will initially be released in the ERC-20 format on the Ethereum blockbuster, and after starting mainnet in Q4 2018, the ERC-20 tokens will be converted to their QKC token and will be used as a measure of value, hard currency for transactions and as retribution because of the contribution to the plan. Quark Chain will be using smart contracts on the virtual vehicle Ethereum (EVM) to ensure future comparability with existing dApps, and probably will help increase scalability.

Already at the moment there is an alpha version of the product, but in this episode only in the form of an internal testet, which when tested demonstrated a total of more than 2000 transactions per second, and probably 500 times faster than bitcoin! A sumptuous result on the initial path of becoming, and then mastability will only grow!

QuarkChain allows 2 types of transactions — inside shards and between them. Internal operations flow between the addresses of the first and such a shard. But placing QuarkChain separately from other solutions is probably the ability to live transactions between shards. The passive capacity of the transaction system between shards will be scaled linearly according to the measure of growth in the number of shards.

To adapt work with the cross-shard system, QuarkChain develops a smart wallet. All the addresses belonging to the user in any shard are accessible through the Wotan’s covered key.
Tokens QKC will first be released in ERC-20 format and distributed according to the Ethereum block system. After starting mainnet in Q4 2018, the ERC-20 tokens will be converted to a QKC token and will be used as a measure of value, the price for transactions and as a retaliation due to a contribution to the plan.

QuarkChain will help smart contracts in the virtual vehicle Ethereum (EVM) to provide future comparability with existing dApps, as if it will help increase scalability.
Not so long ago, the team launched the alpha version of the product, while only in the form of an internal testet, which demonstrated a total of more than 2000 transactions per second. A good result if compared with the speed of the other blockers, but here you need to take into account that the target of the plan — 1mln TPS, which is still quite far.

Scalability and security does not always go hand in hand, as soon as the craft comes with blockchain technology. QuarkChain decided to find a conclusion that balances the two data with the need for a route dividing the two main functions of the chain into separate circles.

Conclusion:
1. The plan already has an MVP testet, showing a good result according to the speed (most 2000TPS). Owns positive reviews. On the other hand, the plan says the target of 2 million TPS is quite far from the existing total.
2. The newest blockers often show excellent results in the rise of capitalization. But probably immediately plays and in the negative plan, because it means a huge competitive struggle in the niche of the blockers
3. Public criticism of the plan — 84%, but it will be revised and has the opportunity to change after promulgating all the information in accordance with the tokenomics.

Website: https://www.quarkchain.io/
Whitepaper: https://www.quarkchain.io/QUARK%20CHAIN%20Public%20Version%200.3.2.pdf
Facebook: https://www.facebook.com/quarkchain.quark.5
Twitter: https://twitter.com/Quark_Chain
Telegram: https://t.me/QuarkChainio
Medium: https://steemit.com/@quarkchain

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