QuarkChain Review - Blockchain 3.0

# Overview of the ICO QuarkChain project #

The project is in the ICO phase to develop peer-to-peer network transactions. The first layer is sharding while the second layer consists of a root chain. The structure of QuarkChain is intended to provide a balance between decentralization, extensibility, and security.


# Target value of QuarkChain #

Often, scalability and security are often not intertwined in Blockchain technology. QuarkChain offers a solution that balances these needs by separating the two layers.

The first layer contains all the sub-blocks, also known as the shards, which own independent transactions. As the number of shards increases, the number of transactions that can be accommodated on it is also increased.

The second layer of QuarkChain is the root chain. The rootchain's primary function is to validate all blocks from the sharded chains. The rootchain itself does not contain any transactions.

QuarkChain allows two types of transactions to be passed that are traded in shard placeholders and cross-shard transactions. Transactions in the shard are transactions that occur between addresses within the same segment of the shard. However, the solution that QuarkChain offers is completely different from high-throughput solutions that are making cross-shard transactions. The shard crossover system will be expanded when the number of shards increases.

To simplify the user experience in the cross-shard system, QuarkChain is developing a Smart Wallet. All addresses are owned by the user in each shard and are connected through individual private keys.

In theory, a user can have multiple addresses connected to different shards. To solve this problem, QuarkChain applies both accounts in the wallet as primary and secondary accounts. The primary account includes the user's fixed shard address while the secondary address manages the remaining address of the other shard.

In order for the fund management to be minimal, any transaction that takes place on the premium account will transfer the remaining balance to the primary account. The user's balance will be maintained on this account, minimizing the risk of confusion between multiple balances in multiple shards.

The QuarkChain Token (QKC) is compatible with ERC-20 and is distributed on Ethereum's Blockchain. After the mainnet is launched in the fourth quarter of 2018, the ERC-20 tokens will be converted to pre-mining tokens. In the future, QKC will be produced by the diggers.

QKC is the only means of trading value in the system as well as reward for the diggers. QuarkChain will support intelligent contracts on the Ethereum Virtual Machine (EVM) to enable future compatibility with existing dApps and increased scalability.


# Team developed QuarkChain #



Qi Zhou is the founder and CEO of QuarkChain. He is a software engineer with extensive experience in developing sharding and clustering solutions in Google, Facebook and EMC. Qi holds a Ph.D. in Computer and Electronics Engineering from Georgia Tech.

Zhaoguang Wang is the core Software Engineer in the project. Prior to that he worked at Google for 6 years as a Senior Software Engineer.

Yaodong Yang is a Research Scientist in the QuarkChain project. He is a Demo ++ co-founder. He is also a professor at Xi'an Jiaotong University with a Ph.D. in Virginia Technology.

Xiaoli Ma is also a Research Scientist at QuarkChain. She is also a professor at Georgia Tech and a Electronics and Electrical Engineering.

Wencen Wu is the Research Scientist of the project. Graduated from two famous universities of China and America specialized in Electronics & Information Engineering.

Anthurine Xiang holds the position of CMO. She has more than 4 years of experience working in Silicon Valley and with companies such as Linkedln, Chartboost, Beepi and Wish. She has an MSE in Economics Analysis and Management at Johns Hopkins University.


Below are the list of consultants with QuarkChain:



Leo Wang - Head of PreAngel Venture Capital and crypto investors

Mike Miller - Liquid2 Investment Fund, Founder and Chief Scientist at IBM Cloudant

Bill More - Founder / Managing Director of DSSD, later acquired by EMC

Arun Phadke - Professor Emeritus of Electronic Engineering at Virginia Tech

To develop the project, QuarkChain is recruiting more members into the group.


# Strengths and Opportunities of QuarkChain #

QuarkChain is currently running the first testnet version ahead of schedule. According to our survey, the current performance of Testnet is 2K transactions per second. According to the development roadmap of QuarkChain, in the next milestone the team targets 10K transactions per second and will continue to grow. QuarkChain has publicized Github, however, this Github has not been accessed without Team permission.

The impressive advance of QuarkChain in advance of the roadmap can create confidence in the QuarkChain team's sharding solution before Ethereum.

When developing sharding, Ethereum is losing time in operating various functions. Does QuarkChain meet such high metrics, which can be determined through the first steps of the project to address this urgent problem.

QuarkChain is also a compatible EVM - decentralized applications will benefit from the ability to handle large amounts of data (high throughput) with the option to migrate to the QuarkChain platform at any time. This will allow opening an integrated door to the network.


# Limitations and Risks of QuarkChain #

The battle handles / transfers a huge amount of data very hard. The first name that we know of in the field of processing large amounts of data is certainly Zilliqa. The same is true when you plan to testnet in Q2, and Ethereum can not be ignored. As always, adopting a protocol is an important piece in this game when the chain will occupy the throne.

Currently, QuarkChain has not announced the partners but the team revealed that the team is really trying to deploy the work. In the whitepaper, QuarkChain points out that some industries may be benefiting from product development - one of which is the development of decentralized telephony applications. In an effort to reach the industry, QuarkChain is creating on-chain development tools for Android devices.

A portion of QuarkChain will also be preserved as a reward for developers who build decentralized applications for QuarkChain. While strategies indicate that the team is on the right track, the development team is determined to look for cooperative contracts with all corporate clients as a sign that these are the markets and The application that QuarkChain will pursue.


# QuarkChain definitions #

QuarkChain is an adventurous opponent of scalable solutions. Teams focus on the product before moving on to build community and establish partnerships. Although we have released Testnet, we still need to observe more about the speed of development of the project. In addition, QuarkChain's development team is remarkable and has outlasted their potential through Testnet.


# Review on Youtube #
<iframe width="560" height="315" src="Quarkchain - Review" frameborder="0" allow="autoplay; encrypted-media" allowfullscreen></iframe>

# Conclusion #

QuarkChain is using a two-tier architecture to create an extended blockchain. The proof is that Testnet has achieved 2K transactions per second and the current target is 10K. While other projects are geared toward the same goal of extensibility, QuarkChain's technology is likely to outpace competitors - focusing on community development and collaborative relationships. will also have more effect. This is a remarkable project.


# Reference Information #
Website: https://quarkchain.io/

Whitepaper: https://quarkchain.io/quark.pdf

Telegram: https://web.telegram.org/#/im?p=@quarkchainio


# My bitcointalk URL : View the profile of phuocth.tp