QuarkChain QKC — On the forefront of Sharded Blockchain
As we all know, Public blockchain’s major challenge has been the inability to scale, thereby slowing down the actualisation of the much anticipated “Blockchain Mass Adoption”. In a bid to solve the rather troubling problem that has hampered the further developments of well funded projects and great communities like Cryptokitties Mania, FOMO3D etc., there became a need to adopt the Shard technology to increase transactional throughput.
Quarkchain QKC aims to be the Chain with the fastest TPS on the planet by delivering one million transaction per second using the Shard Technology. The new wave of Shard Technology has being embraced by some mainstream blockchain projects looking to effect the change in the industry, for example Ethereum platform with currently 10–15 TPS has been working on the release of their Sharded Blockchain version Ethereum 2.0, although date of release is unknown yet. Meanwhile, Quarkchain QKC is the first public chain in the world to successfully deploy the Shard application and running smoothly on QuarkChain mainet with capacity of 318,050 TPS attained, while efforts to achieve continuous TPS enhancement remains constant for the team and the community of developers.
The QuarkChain Shard technology is a two layer infrastructure: Root Chain and Shard Chain, Built in such a way that allows enough room to continuously absorb new technologies for all industries that exist in the Blockchain ecosystem, this feat makes it easy for projects to configure their own Shard Chain flexibly with the combination of the 4 components of Blockchain technology:
Consensus (PoW, PoS, DPoS, PBFT),
Transaction model (BTC transaction model, different virtual machine, privacy transaction model),
Ledger model (UTXO, Account model) and
Token economics.
Another very fascinating feat that was designed in this infrastructure is that Shards can interact among themselves and transfer data across the chains, this Cross-Chain functionality makes it possible for one smart wallet to hold, send and receive all cryptocurrencies built on all shards. Furthermore, this makes it possible for dApps to have very flexible, smooth and highly productive collaborations that can increase the potentials of the industry. In addition to that feat, the multichain infrastructure apart from allowing developers and users to issue their own tokens, gas fees are powered by the various native tokens, no need to purchase QKC to pay for gas fees, unlike the way it is with other Chains that requires dApps to perform transactions using it’s main chain native token for example, Ethereum Platform uses ETH to pay for gas fee, as it is also with EOS, Stellar, TRON, TrueChain etc.
To further outline a few more advantages of the Quarkchain’s Sharded Technology, The mining features incentivization of weak miners to participate in the network without joining a mining pool. This incentive is based on game theory and works by giving miners an incentive for distributing hash power equally among shards, this function increases decentralization. The network was designed to perform transactions with very low fees, Transaction fees is expected to even get lower by as much as tenfold more. QuarkChain Network is positioned for high usability and maximum security which in addition to all the above mentioned features guarantees that a hybrid Chain that will deliver what a number of chains failed to achieve in 2017/2018 is here.
Now that QuarkChain has achieved a historic milestone that ushers the industry to the next phase with Sharded Blockchain, developers, emerging start ups looking forward to deploy highly scalable projects to satisfy hungry and enthusiastic users, be it Gaming, Defi or Privacy related user case platforms can now get onboard and customise their projects exactly how it’s been described in their white paper. Thanks to Shard Technological innovation and shout outs to the team that first thought of bringing it to limelight. Now it’s safe to say Mass adoption is around the corner.
Useful links:
Website: https://www.quarkchain.io
Telegram: https://t.me/quarkchainio
Medium: https://medium.com/quarkchain-official
Twitter: https://twitter.com/Quark_Chain
Facebook: https://www.facebook.com/quarkchain/
Reddit: https://www.reddit.com/r/quarkchainio/
Discord: https://discord.gg/aZDWcwV
Github: https://github.com/QuarkChain/pyquarkchain
Youtube: https://www.youtube.com/c/QuarkChain
Weibo: http://weibo.com/QuarkChain
