QuarkChain ICO

dilshan1000 (36)in #ico • 7 years ago (edited)

What is QuarkChain

QuarkChain, aims to unravel the trilemma that face’s blockchain technology, by utilising sharding technology! what's this trilemma?! quantifiability, Security and spreading. as an example Ripple (XRP) could be a in no time blockchain (thousands of TPS), however it's terribly centralised! this can be not a perfect solution! As its not very any completely different from centralised power structures that already exist!

“Blockchain systems can only have at most 2 of the following principles”
Vitalik Buterin

Why QuarkChain?

QuarkChain wants to achieve 1 million+ transactions per second (TPS), this is so important because if we want mainstream adoption of crypto currency’s or to utilise IoT technologies, it must be robust to withstand heavy loads.

Look at the recent scandal where the Ethereum blockchain. When it was brought to its knees by crypto kitties, which is just one dApp running on their blockchain. Ethereum is not ready for mass adoption, we need a solution that is. Step in QuarkChain.

Its worth mentioning at this point, that QuarkChains test net, has already achieved 2000TPS, this is insane! A working product with high throughput, this project is not just a dream on a white paper the team is executing their vision.

How QuarkChain solve this?

QuarkChain, can use sharding school to form a 2-layer blockchain system! One chain can have elastic sharding principles, stretching because the network needs. This chain are going to be confirmed and verified by the most root chain, to stay the network secure.

Efficient communication between the chains, can enable cross sherd transactions to require place in minutes, and can rescale as cross sherd transactions increase. you may be able to manage all of those transactions from one address, making a pleasant user expertise.

Features of QuarkChain

Use’s proof of labor and supports GPU mining. (a long tested verified consensus)
As network size increase’s, the project can scale (TPS) because the variety of nodes increase.
Supports cross piece dealing capability
Avoids fifty one attack, by empowerment five hundredth or a lot of, hash power to the most root chain, to avoid double disbursal attacks.
Scalable to 1million TPS+
Aims to Support dAPP’s that need high dealing rate, and IoT Technology.

Conclusions

This project feels like it may well be one among the simplest for 2018, quarkchain includes a nice team with workers from huge school corporations like google and facebook. they're bridging the means for mass adoption, which needs a extremely climbable block chain answer. With a theoretical one.7M TPS, this might not solely be the simplest performing arts block chain so far, it'll conjointly blow away different centralised worth transfer mechanisms like VISA, which might solely handle a load of 4000~ TPS.

Join successive step within the evolution of Blockchain technology, by taking part in their ICO, be quick as im positive this may sell out apace, and there don't seem to be several tokens for sale!

ICO Details

ICO Public white list will open on May 7th at 00:00:01 AM PST
Token Metrics As Follows: (Private sale sold out)

TOKEN DISTRIBUTION

20% TOKEN SALE - PRIVATE SALE LOCKUP , PUBLIC SALE NO LOCK UP
15% TEAM - * LOCKUP TO 2 YEARS*
15% FOUNDATION - LOCKUP TO 2 YEARS
5% ADVISOR - LOCKUP TO 2 YEARS
45% MINING, COMMUNITY AND MARKETING - MINING PRONE TO MINOR FUTURE INFLATION POSSIBLY

allocation are going to be based mostly of 3 factors:

1- wire be part of Date
2- Understanding of the Project
3- Contribution to the project

If you wish to seek out additional data on the general public sale, a full description is found on their wire announcement channel.