QUARKCHAIN is the LAMBORGHINI URUS
Ever since ETHEREUM’s explosive growth last year into an ICO platform (in August 2017) many have come up to challenge KING Ethereum’s dominance!! And like TCP/IP in the 1990s, many supposedly have come to challenge for that title. With a speed of 15 txns (transations) per second, Ethereum leaves a lot to be wanting, but can other deserve the mantle? NEO has come up with 1,000 txns and ZILLIQA is now doing 2,000 txns, but the eventual champion must outdo everyone else by mile, as TCP/IP reminds us in the 1990s during the battle of the Network protocols.
Despite the Crypto Kitties “debacle”, Ethereum is still KING OF THE ROOST. But now, several Blockchains are emerging using Ethereum’s SHARDING to speed things up, such as ZILLIQA. But now we have a new challenger in the name of QUARKCHAIN which also relies on SHARDING, albeit a slighty different approach than ZILLIQA. And this slide SUMS it all up:
Quarkchain seeking to bring crypto to wider mainstream audience and will support smart contracts with Ethereum Virtual Machine (EVM). This means developers will be able to easily port and deploy dApps built on Ethereum onto QuarkChain once their mainnet is live which could make QuarkChain a serious contender right out the gate. And it already has an MVP (Minimum Viable Product) running in AWS Servers.
And this will SCALE up to 1,000,000 (yes that is 1 million) transactions per second!!
In a sense, this is just like the new Lamborghini URUS where through INNOVATIVE DESIGN from the ground up, this SUV now actually has a Supercar like acceleration of 3.6 sec to 62 mph, which is even faster than the Lamborghini Gallardo!! Hence the birth of a new category of “SUPER SUV”. And so too is Quarkchain, a Blockchain will solves the Tri-Dilemma of Decentralisation, Scalability, and Security.
As Bitcoin Mining has shown, it is now not possible to mine profitably unless you are in a Mining Pool. The level of difficulty has gone up too high and now you need large pools with high hashrates. But doesn't this take out the romanticism of DECENTRALISATION?
QuarkChain ICO tokens (QKC) are ERC-20 Ethereum blockhain compatible. Once the mainnet is launched in Q4 2018, the ERC-20 tokens will be converted to the mainnet token by pre-mining. Future QKC will be produced by miners and is the only way to transact value in the system and will reward even small miners. QuarkChain also supports smart contracts on the Ethereum Virtual Machine (EVM) for backward integration and compability with existing dApps, which will benefit from increased scalability. Befitting that of a LAMBORGHINI, Quarkchain is the first Blockchain which solves the Tri-Dilemma of the tradeoff between DECENTRALISATION, SECURITY and SCALABILITY. Quarkchain is a Super Blockchain which uses SHARDING to provide a high-capacity peer-to-peer transactional system.
This is done by dividing the blockchain into 2 layers:
SHARDING LAYER – Distributing data hence allowing high througput. This layer processes a sub-set of all transactions independently. As the number of shards increase, so to does the number of transactions which can be processed concurrently.
ROOT LAYER – This layer confirms all blocks from the sharded chains, but does not process transactions
Quarkchain already has an MVP (Minimum Viable Product) capable of doing 2270 txps, which is similar to Zilliqa. And yer Zilliqa’s market capitalization is at US$855million compared to the hardcap of Quarkchain at US$20 million. This represents an AMAZING 40X potential if you just compare APPLES to APPLES (although quarkchain is more like a the super expensive apple).
How did Quarkchain get to this? It’s all in the people guys! In my opinion, this is because of close relationship between the BRINPOWER is academia and aslo industry. Wait, haven’t we heard of this before? Yes, we have seen how many academic inspired companies came out of STANFORD UNIVERSITY in Silicon Valley, such as CISCO.
The team is very strong, with a combination of academia and industry. There is a lot of research and development to be done, and the strength of its people. What I particularly like about Quarkchain is the history of working at Blue-Chip Organisations, for example, the Founder and CEO Qi Zhou has software engineering experience with the likes of Google, Facebook, and EMC, where he developed sharding and clustering solutions. He holds a PhD from Georgia Tech in Electrical and Computer Engineering.
Yaodong Yang is a Research Scientist with the QuarkChain ICO. He is the Cofounder of Demo++, a startup incubator. He is also a Prof. at Xi’an Jiaotong University and holds a PhD in Engineering from Virginia Tech.
Xiaoli Ma is also a Research Scientist with QuarkChain. She currently serves as a professor at Georgia Tech and is an Institute of Electrical and Electronics Engineers Fellow.
But what is talent without the marketing? Investors need to know about the ICO and be pumped up to invest in it. Enter Anthurine Xiang who is the CMO. She has worked in Silicon Valley, with companies such as LinkedIn, Chartboost, Beepi and Wish. She holds an MSE in System Analysis and Economic Management from Johns Hopkins University.
So Quarkchain to me is like CISCO, poised for SUCCESS!! This is why when designing QuarkChain, the team also took into consideration the ease of which Dapps which need high throughout can be integrated into the Blockchain. Quarkchain integrates seamlessly into Ethereum’s Solidity and the Ethereum Virtual Machine (EVM), creating a VERY LOW BARRIER TO ENTRY which will lead to MASS ADOPTION faster.
It is a product, a full fledged POW (Proof of Work) Blockchain, in and of itself capable of supporting a community of DApps. In short, to be successful, it had be designed to remove the limitations of Ethereum and bring SHARDING to the mass application way earlier than the promise of Ethereum.It is like the beautiful LAMBORGHINI Urus, designed from the ground up to take on the new cateogory of luxury SUVs such the BEntly,,,,,Already, Qaurkchain has attracted phenomenal traction with over 64K people in its Telegram group, so much so that they had to close registration early for its ICO.
It is no surprise since just based on Valuation alone, this ICO has a potential to MOON 20x-40x from the hardcap of US$20million (relatively small). I took US$20,000 to US$1,000,000 in only 4 month by investing in BLUE CHIP blockchain ICOs such as ICON and also DAPPS such as Red Pulse and Deep Brain Chain (early ICOs in NEO). My totally simplified analysis (Keep It Simple Stupid KISS) goes like this:
I am now faced with a decision which I would gladly make, which is to invest as much as possible into Quarkchain!! Let’s go to the moon, with a potential of 20X-40X from it's initial ICO price. And looking at Quarkchain’s schedule this can be done by Q2 next year upon release of the Mainnet!! I'm following this schedule to the moon guys!!
To access the quarkchain ICO, you visit their website here: https://quarkchain.io/ To enjoy a YouTube review of Quarkchain ICO, then goto my Youtube channel at: http://bit.ly/2JqBJ26