QuarkChain ICO Review And QKC Token Analysis

QKC

A High-Capacity Peer-to-Peer Transactional System

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3 months ago

QuarkChain ICO About

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 ICO Review

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

Two-layered blockchains

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

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.

Horizontal scalability

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.

QuarkChain ICO Comments

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  • 3 months ago Maverick Carter

    According to the QuarkChain Development Roadmap, the team aim to achieve 10k TPS as their next milestone and will continue to scale the product from there. QuarkChain have made their Github publicly available. Quarkchain’s impressive progress on the development front could lead to a viable sharding solution before Ethereum.

  • 4 months ago Jonas Panerio

    There are numerous projects that can claim that they too can achieve a high TPS. What sets QuarkChain apart?

  • 4 months ago Red Willis

    Ikr. Pretty ambitious I may say.

  • 4 months ago Jonas Panerio

    Only looking for a high TPS network is not a new story. Every year, well-known payment networks, e.g., Alipay, can reach 200K peak TPS. The challenge of this project is to obtain an extremely high TPS while maintain the network’s decentralization and security at the same time. Scalability, decentralization, and security have very different conditions and requirements, many methods could not take care all of them. The system increases throughput while maintaining decentralization and security.

  • 4 months ago Hunter Levesque

    The QuarkChain ICO is a serious contender as far as scalability solutions go. The team have made it a point to focus on their product before moving on to build their community and establish partnerships, which they lose some points on for now.

  • 4 months ago Gabriel Stephen

    How do QuarkChain (QKC) tokens work?

  • 4 months ago Miles Jonas

    Quarkchain is aiming to improve the current blockchain space by significantly increasing the TPS (transactions per second) to a million per second.

  • 4 months ago Klay Thompson

    What problems does Quarkchain seek to resolve?

  • 4 months ago Hunter Levesque

    Security Issues: Blockchains are subject to security issues. The QuarkChain whitepaper only really mentions one security issue, and that’s a 51% attack. However, 51% attacks can certainly be a security issue for smaller blockchains. Decentralization: Bitcoin and other blockchains were designed to be totally decentralized, with every node having one vote, and nobody controlling all the nodes. In reality, we’ve seen the formation of mining pools and other collective groups, organizing nodes into voting blocs. This is threatening the decentralized nature of bitcoin. Scalability: Blockchains like bitcoin are struggling to scale. As transactional capacity increases, the size of the blockchain grows, leading to larger requirements for storage, bandwidth, and computing power. Lightning Network: The QuarkChain whitepaper specifically mentions the Lightning Network as a problem with current blockchains. They reiterate the most common criticisms of Lightning Network – it introduces centralized payment processing to a decentralized blockchain, threatening the future of bitcoin as a decentralized payment solution.

  • 4 months ago Jonas Panerio

    What's the team behind Quarkchain like?

  • 4 months ago Luke Livingston

    The team consists of 9 members, with the following being the key members of the team: Qi Zhou, Founder – PhD in Electric and Computer engineering with 5 years’ experience in engineering and software engineering with the most recent being with Facebook as a software engineer. Zhaoguang Wang, Software Engineer – 7 years’ experience in software engineering with tech giants such as Facebook, Instagram, and Google. Xiaoli Ma, Research Scientist – Professor at Georgia Institute of Technology. PhD in electrical engineering and 7 years’ experience in the tech industry with the most recent being the CTO of Ratrix Technologies. Yaodong Yang, Research Scientist – PhD in engineering, and a Tenure Track Professor at Xi'an Jiaotong University, and co-founder of Demo++ Technological Incubator. They also have 6 advisors including Bill Moore, Chief Engineer for Storage at Sun Microsystems, Arun G. Phadke, Virginia Tech Professor, Zhiyun Qian, cyber security expert, among others.

  • 4 months ago Peter Garland

    Is QuarkChain chinese based? Most of their team are Chinese.

  • 4 months ago Gabriel Stephen

    I believe the project is based in the United States. The team may be composed of members of Chinese lineage but from what I read, they went to school in the US.

  • 4 months ago Michael Brucal

    Quarkchain looks promising. Hopefully this platform delivers its promise.

  • 4 months ago Klay Thompson

    How further along is this project?

  • 4 months ago Draymond Green

    The project is still under development, though they secured ~2,000 transactions per second (TPS) on their early closed test. The team is recruiting volunteers to try the testnet, which should go live around the same time as the crowdsale.

  • 4 months ago Jonas Panerio

    What exactly is scalability when it comes to crypto?

  • 4 months ago Hunter Levesque

    You can think of it like the internet way back when internet speeds were as slow as a snail. The current stage we’re in for crypto is akin to 56k internet dial-up speed - if you’re too young to know what 56k is then perhaps you’ve experienced something similar to it when your internet was capped or shaped to a slower speed because you went over your data limit. Just think of the times when your internet was so slow that websites took god forbid, at least 10 to 30 seconds to load rather than mere seconds, or when you could only watch YouTube videos at 144p rather than 720p, and even at that rate it may have taken a few minutes for videos to load.

  • 4 months ago Hunter Levesque

    But what is really the challenge when it comes to blockchain scalability?

  • 4 months ago Klay Thompson

    The real challenge with blockchain scalability isn’t getting the number of transactions per second up, it’s doing this while maintaining an acceptable level of decentralization and security for the blockchain.

  • 4 months ago Klay Thompson

    What does Quarkchain do about decentralization?

  • 4 months ago Klay Thompson

    What are the tokens used for and how can token value appreciate?

  • 4 months ago Hunter Levesque

    QKC coins are used as transaction fees for transactions performed on QuarkChain. It will also be used as reward for miners. These value of QKC coins should depend on the usage of QuarkChain. The more activities and transactions being made on QuarkChain, the more valuable QKC coins should be. The initial tokens released will be ERC-20, and a placeholder for the value of the actual coins which will be released with the mainnet that is scheduled in Q4 2018. At time of mainnet release, there will be a token swap.

  • 4 months ago Red Willis

    How's their team? What is it like?

  • 4 months ago Peter Garland

    Qi their founder has been working in the Software Development field for years now. He's held several positions in Dell, Google and Facebook so he has a strong background when it comes to software development.

  • 4 months ago Red Willis

    I see. Apprecite your insight @Peter Garland

  • 3 months ago Peter Garland

    Quarkchain has announced publicly on their site that they will start doing some Token Sale. In fact, they mentioned that the price would be : 1ETH = 39416QKC which includes a ( 25% bonus)

  • 3 months ago Filip Poutintsev

    The hype of this project is huge, but I really don't like how they are conducting their token sale.

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ICOPicker - Qi Zhou
Qi Zhou
Founder
ICOPicker - Zhaoguang Wang
Zhaoguang Wang
Software Engineer
ICOPicker - Xiaoli Ma
Xiaoli Ma
Research Scientist

Token Info

  • Symbol/Ticker QKC
  • Platform Ethereum
  • Type ERC20
  • Bonus 10% release each month for the frst 4 months and 20% release each month for the later 3 months ( the token is available at the end of each month 10%,10%,10%,10%,20%,20%,20%

Presale Info

  • Presale Price null ETH
  • Presale Start Date 05/23/2018
  • Presale End Date 05/23/2018

Investment Info

  • Tokens for Sale 10000000000
  • Total Token Supply 2000000000
  • Price Per Token 1 ETH = 31,533 QKC
  • Soft Capital 0 USD
  • Hard Capital 16,000,000 USD
  • Accepting ETH

Q2 2017

Blockchain Scalability Problem Research

Q4 2017

White Paper Draft

February 2018

Verification Code 0.1 White Paper Release

March 2018

Testnet 0.1 Wallet 0.1

Q2 2018

Testnet 1.0 Smart Contract 0.1

Q4 2018

QuarkChain Core 1.0 Mainnet 1.0 SmartWallet 1.0

Q2 2019

QuarkChain Core 2.0 SmartWallet 2.0

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  • Token QKC
  • Platform Ethereum
  • Price 1 ETH = 31,533 QKC
  • Soft Capital 0
  • Hard Capital 16,000,000 USD
  • Accepting ETH
  • Country United States
  • Restrictions
  • Know Your Customer No
  • Whitelist No

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