The QuarkChain ICO and QKC Token are raising funds toward a multi-layer, peer-to-peer transaction blockchain. The first layer of system contains shards, while the second layer is comprised of a root chain. The architecture of QuarkChain is predicated on finding a balance between security, scalability and decentralization.
Quarkchain is aiming to improve the current blockchain space by significantly increasing the TPS (transactions per second) to a million per second. This will provide a free of congestion affordable network that will serve different purposes and help for the adoption by big industries and businesses. Quarkchain also incentivizes weak miners that don’t have to join mining pools in order to participate in the network. The big picture includes a seamless platform that supports distributed social media, high frequency trading, IoT, gaming, integration of DApps on mobile phones(DApps2go) and financial payments
The QuarkChain consists of two layers of blockchains. We apply elastic sharding blockchains (shards) as the first layer, and a root blockchain that confirms the blocks from the shards as the second layer.
Cross-shard transactions can be issued at any time, and confirmed in minutes. The throughput of cross-shard transactions increases linearly as the number of shards increases.
Market driven collaborative mining
We designed a game theoretic framework for incentives, where hash powers are incentivized to distribute evenly among shards. There are at least 50% of overall hash power allocated to the root chain to prevent double spending attack.
Simple account management
There is only one account needed for all shards. All cryptocurrencies from different shards are stored in one smart wallet.
Because a super-full node can be extremely expensive when TPS goes high, we allow multiple honest nodes forming a cluster running as a super-full node.
Blockchain Scalability Problem Research
White Paper Draft
Verification Code 0.1 White Paper Release
Testnet 0.1 Wallet 0.1
Testnet 1.0 Smart Contract 0.1
QuarkChain Core 1.0 Mainnet 1.0 SmartWallet 1.0
QuarkChain Core 2.0 SmartWallet 2.0