QuarkChain

Token Name : QKC

Hard Cap : 20 Million USD

The QuarkChain token (QKC) will be an ERC-20 token until Mainnet 1.0 launches Q4 2018, the QKC (ERC-20) will then be converted to QuarkChain’s mainnet tokens.

Crowdsale intended for end of May or start of June

2 year vesting period for the team with an extended vesting period for QuarkChain’s Foundation

Qi Zhou – Founder

Qi Zhou achieved 10M tps as a member of the real time infrastructure team at Facebook

QuarkChain is a blockchain that utilizes sharding to provide a high-capacity peer-to-peer transactional system. It will consist of two main layers – the sharding layer, which allows for high throughput by effectively distributing data, and the Root layer, which serves to confirm the blocks of the first.

Using this design, QuarkChain aims to satisfy the tradeoff between the three pillars of a blockchain – decentralization, security, and scalability.

The team wants to wait until the blockchain demonstrates higher throughput before actively seeking projects to be built on the QuarkChain platform. While it makes sense to prove what they claim first, we feel that they could be more aggressive in terms of generating traction on adoption of the blockchain.

Scalability and security do not go always hand-in-hand when it comes to blockchain technology. QuarkChain have set out to find a solution that balances both these needs through by separating the two main functions of the chain into separate layers.

Efficient cross-shard transactions: Cross-shard transactions in QuarkChain can be issued at any time, and confirmed in minutes. The speed of cross-shard transactions increases linearly as the number of shards increases.

The first layer contains all minor blockchains, or shards, which process 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.

Simple account management: There is only one account needed for the entire blockchain (shards) in QuarkChain. All cryptocurrencies from different shards are stored in one smart wallet.

QuarkChain can provide a secure scalable blockchain before Ethereum solves their scalability issues we may see dApps that require scalability to migrate to QuarkChain resulting in greater amounts of users and developers.

There are many competitors proposing a solution to blockchain scalability including the likes of Rchain, Zilliqa, Kadena, Thunder Token, Algorand, Ethereum, Bitcoin and more. It is unlikely one blockchain will rule them all, however it is also just as unlikely that all of these projects achieve widespread adoption.v