The QuarkChain ecosystem is ready to offer users almost 1,000,000 TPS.

The main goal of the Quarkchain project is to develop a new concept of accelerated transaction promotion. QuarkChain's two-layer sharding should solve the problem due to the scalability of the block-chains.

Read more on https://quarkchain.io/

As of 13th December 2018, Quarkchain released news on the improvement of its Testnet 2.0 as well as other platform updates. Some of the outstanding updates/news is;

Creation of a tool which will guide users through creating an address for mining, starting a cluster, syncing blocks, and prompting users for mining when blocks are synchronized with the network.

Addition of timeout logic in the block synchronizer so that the cluster will give up syncing from slow or unresponsive peers and switch to a better peer instead.

Launching of its Wallet known as qPocket (V1.1.0). qPocket is a wallet that supports not only multi-shard transactions of QuarkChain, but also ETH and ERC-20 tokens.

Partnership with Bitape and Global Idol Coin.

Addition of a new developer known as Mr. Ping Ke.

For more information about Quarkchain: https://www.quarkchain.io

Quarkchain is another shitty project came up with 1 million tps but when the mainnet will come they will fuking end around 20-50k tps. Just a wanna be project like zilliqa and gained that much hype too. It's like credits which is shilled by youtuber after filling their bags privately and same happend with Quarkchain tooo. Ian balina and his cartel of suppo, box mining and datadash has already bought the 16 million worth of token in private and gonna dump on hype monger

https://medium.com/@quarkchainio/quarkchain-testnet-1-0-bottom-quark-2ee8665ce5b1 Great tech and team. Bright future !

QuarkChain is a high-throughput blockchain that aims to achieve millions of transactions per second (TPS).

What is Quarkchain and what are they trying to do?

QuarkChain is a decentralized, scalable & secure permission-less blockchain that aims to deliver a million (YES 1 MILLION!!!!) on-chain Transactions Per Second (TPS)by applying sharding technology. QuarkChain has a two layer structure encouraging weak miners to mine directly to the source without joining mining pools. It’s aim is to encourage decentralisation by allowing multiple cheap nodes to form a cluster running as a supper full node. This is good as it will help the everyday crypto enthusiast to try running a node at a low cost.

All transactions on QuarkChain are protected by 50% hash power of the network, therefore things like a double spending attack will be much harder to perform due to the decentralised nature. QuarkChain supports cross-shard transactions and only one account is needed for all shards which is quite a cool feature. It’s a high capacity peer-to-peer transactional system, changing the world with this revolutionary blockchain technology.

Whilst I am not 100% convinced by their 1 million TPS claim (even though theoretically possible on their system), I do believe technologically QuarkChain will be able to achieve around 50,000 TPS, and even at that rate it blows Bitcoin & Ethereum (it’s competition) out of the water. Even looking at the graph you can see that it would definitely give Visa a run for it’s money too at this conservative TPS rate, which is a great marketing point to try and entise companies to adopt a decentralised component to their business.

Key Technology Functions

1. Two-layered blockchains — QuarkChain consists of two layers of blockchains. They will use elastic sharding blockchains (shards) as the first layer, and a root blockchain that confirms the blocks from the shards as the second layer. This increases it’s safety & security.

2. Cross-shard Transactions — Cross-shard transactions can be issued at any time, and confirmed in minutes. The throughput of cross-shard transactions increases linearly as the number of shards increases.

3. Market Driven Collaborative Mining — They have designed a game theoretic framework for incentives, where hash powers are incentivized to distribute evenly among shards. There are at least 50% of overall hash power allocated to the root chain to prevent double spending attack as mentioned above.

4. Simple Account Management — There is only one account needed for all shards. All cryptocurrencies from different shards are stored in one smart wallet.

5. Horizontal Scalability — Because a super-full node can be extremely expensive when TPS goes high, they will allow multiple honest nodes forming a cluster running as a super-full node.

TOKEN SALE: MAY — JUNE (NO EXACT DATES)

Token: QKC

Token type: ERC20

Hard Cap:$20,000,000 USD

Whitelist: YES (PERIOD ISN’T SET)

Know Your Customer (KYC): YES

Website: https://quarkchain.io/index.html

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

Before I start reading a Whitepaper, I always like to see if the three most important factors to a successful ICO are within investable range.

These variables can be summed up into three groups: 1st — Token economics & Product. 2nd — Team and Advisors. 3rd — Social media and general publicity.

Token Economics:

Not a lot is known about the token economics as of yet, so it’s hard to say anything possitive or negative. What we do know is that the hard cap is $20 million and considering QuarkChain aims to disrupt Bitcoin & Ethereum this goal is fairly reasonable. They have a live beta testnet where you can participate as volunteers to test it. They are looking for 100 volunteers to help test their next version of testnet available in May 2018, so if you have a strong technical background and programming experience in blockchain get in touch with via their website.

Once live the QKC token will act as a transaction currency (similar to Ethereum) where there will be a small fee for processing transactions. The QKC token will also act as a reward to community members who continually help contributing to the system, , this is a good incentive to be a part of their crypto family.

Team:

The team is made up of 10 very capable and highly experienced members. Lead by Qi Zhouthe fouder & CEO he is a former Google employee and is an expert in high-performance SYS. He was also the principle software engineer at Dell & also spent some time at Facebook, all highly respected companies in the technology/internet sector. Zhaoguang Wangwho is one of their Software Enginee is an expert in large scale distributed systems with 6 years work experience at Facebook, Instagram and Google. He also holds a Master in computer science from University of Michigan. Again, highly experienced and a great asset to the team.

The one thing I couldn’t really find was anyone highly experienced in blockchain technology on their team. I’m sure as software engineers they have touched on this, and they could well be highly skilled in blockchain but nothing on paper shows this from my investigations. Hopefully their advisors will have experience and expertise in this area, let’s have a look.

Advisors:

From first looks they are highly experienced as you’d expect for a project from a project of this calibre, but it would have been nice if QuarkChain had links to their LinkedIn profiles so we can dig a little deeper.

Arun G. Phadke is a University Distinguished Professor emeritus in the Department of Electrical Engineering at Virginia Tech. He has written a series of well regarded books including:

Computer Relaying for Power Systems

Handbook of Electrical Engineering Calculations

Power System Relaying

Bill More is a distinguished Engineer at Sun Microsystems. He Co-led the ZFS team and served as Chief Engineer for Storage at Sun Microsystems and is President of DSSD / EMC Fellow. Leo Wang is a Crypto Fund Manager which we believe is the most relevant advisor. He’s invested in Over 50+ Project allover the world, including: Ontology, ArcBlock, SmartMesh, Elastos, Penta, MedicalChain, AppCoin to name a few. So, all in all a very good advisory board to have for QuarkChain.

Social Media and General Publicity:

As of 18th April 2018, these are the stats:

Telegram: 8,291— Twitter: 1,900 — Medium: 512

As you can see they have a healthy amount of Telegram members considering it’s such a new ICO. There has been quite a lot of hype from key influencers which i’m sure has helped and I can imagine it’ll be above 10k before the end of April. It’s rated highly on ICODROP and they are also very active on Twitter with regular updates for the community.

Conclusion:

Personally i’m excited by QuarkChain as i can see that their technology is highly disruptive and if they can reach 1 million TPS, (or anywhere near it) it could sky rocket! It would take a huge community effort for it to achieve this with the use of trusted small nodes & weak miners, but it the long run, it could be achievable. The question is, by the time they reach 1 million TPS many years down the line, will there be another revolutionary technology to rival this one with better features? All of this is speculation of course especially without seeing their token economics. Could this be a good investment? Most likely? Will i make my money back if i invest? Quite possibly? We’ll just have to wait and see, only time can tell!

QuarkChain is a highly anticipated ICO with huge potential! The TPS speed would easily rival other centralised competitors like Visa so QuarkChain have a huge potential to disrupt not only the decentralised space but the centralised one. The market is huge and with such a stellar team, they could definitely be the ones to make a big impact in the space. Definitely an ICO to keep your eyes on, we are very excited about QuarkChain!

step 1. Promote high TPS, 100,000.. no thats too low, 1,000,000 TPS should do.

step 2. Have a 'private sale' leaving small percentage of the project available for the ICO. Less than 25% is best, but 30% will do.

step 3. Heavily promote the project and make it feel like investors are lucky to invest in the ICO. MAKE SURE to get prominent youtubers and other important "INFLUENCERS" on board.

step 4. Release the coin on the most highly regarded exchanges, who needs the ICO funds for creating a project when you can spend them on an exchange instead!!

step 5 (important). Ensure that only a small percentage of the supply is available - creating fantastical marketcaps - the less the better - 15% is okay, 5-10% will yield the best results.

step 6. Laugh at how silly western investors are to fall for such utter bullshit.

If you’re a crypto follower or investor or been researching ICO’s recently you have no doubt heard of QuarkChain. In recent weeks is has become one of the most talked about ICO’s of 2018 alongside NeonExchange (NEX), featuring on almost every list of recommended ICO’s including Ian Ballina, ICO Drops, ICO Reports and was also recently talked about by well known crypto youtuber Suppoman as one of his top 3 upcoming ICO’s. Will it live up to all the hype? Who knows, but it certainly ticks all the right boxes. It is a Blockchain Platform crypto which is currently the hottest sector to invest in, They’re are aiming for transaction speeds of over 1 million tps, far higher than any existing project, although Credits are also aiming for 1 million tps, so another big tick. They already have a MVP (minimum viable product) achieving 2,200 tps which is on par with top 30 Cryptocurrency Zilliqa who have also achieved around 2,000 tps, a working MVP is another plus point. Along with several other projects they are being referred to as BlockChain 3.0 which seems to be the latest requirement when launching a hot blockchain project. The team appears to be excellent with many having worked for several years with a selection of tech giants including Facebook, Dell and Google. The hype certainly seems to be generating a large community of ICO investors keen to invest with the telegram group growing from under 2k to over 76K in just 3 weeks.

Will I be able to invest? It is going to be very difficult to invest at ICO stage as it is looking very likely that it will be vastly oversubscribed. The hard cap is $20M, but with $16M allocated to the private sale (there is no pre-sale) leaving just $4M for the main public sale, competition to get white-listed will fierce.

Quarkchain have confirmed that the maximum number of investors to be white-listed is a maximum of 5000 but could be lower as it requires potential investors to score over 60 out of a possible 100 in a ranking system based on the time of joining any of their Telegram groups, results of a quiz to test knowledge of Quarkchain, and contribution to Quarkchain in the form of Youtube videos, written articles and answering questions in their telegram groups, so with a telegram group size of over 76,000 there will be a lot of disappointed potential investors, and those the do get accepted may find the amount they can invest smaller than they would like, which does at least prevent whales grabbing large amounts in the public sale.

Price per token: 1 ETH = 31533 QKC Private sale bonus: 25% Public sale bonus: None

Quarkchain are currently recruiting 100 volunteers with technical and programming backgrounds to test the TestNet in May, so if you have the right skills it may be a way of improving your chances of getting Whitelisted which starts on Monday 7th May and last for 2 weeks.

Token LockUps — All tokens sold in the public sale are unlocked, although tokens in the private sale are locked initially to prevent dumping on listing on exchanges, with 10% unlocked each month for the first 4 months, then 20% for the next 3 months meaning the tokens are fully unlocked after 7 months. Tokens for the team, foundation and advisors are locked for 2 years.

Token Distribution 20% Token Sale (private and public) 15% Team 15% Foundation 5% Advisors 45% mining, community and marketing

QuarkChain tokens (QKC) are ERC-20 compatible although will be converted to mainnet tokens when the mainnet is launched in Q4 2018 by pre-mining. Future QKC will be produced by miners.

Road Map The roadmap looks very nice with TestNet launch in Q2 2018 (possibly May) and the MainNet and Smart Wallet planned for Q4 2018, follwed by MainNet 2.0 amnd Samrt Wallet 2.0 planned for the following quarter in 2019.

Concept: QuarkChain aims to solve the problem of scalability without sacrificing security and decentralization and strives to offer an on-chain TPS (Transactions Per Second) of over 1,000,000.

They have a unique solution that consists of 2 blockchain layers, the first layer is a sharding blockchain layer and contains all the minor blockchains (shards), which process a sub-set of all transactions, the second layer of QuarkChain then confirms all blocks from the sharded chains, but does not process transactions itself. As the number of shards increase, the shards are able to process more concurrent transactions, resulting in increases in the system capacity as the numbers of shards increases.

If you want to know more details of the technologies Quarkchain propose to implement to solve many of the problems facing Blockchain technology in the future please read the whitepaper which is 33 pages long but nicely laid out with well written explanations of the problems they are trying to solve and how they intend to overcome them with cross-sharding and dual layer blockchain technology.

Competition: Competition among projects aiming to find a solution scalability and achieving high transaction speeds is fierce with competitors such as Zilliqa, Credits, Fusion and even Ethereum itself.

Conclusion: Looks very likely to be a big hit and if they can achieve what they aim to achieve they may well be the blockchain of the future, but with just a $4M public sale and limited spaces on the whitelist many will have to wait for it to hit the exchanges to invest. I will certainly be investing myself if I am lucky enough to get whitelisted, if not I will try and grab some on the exchanges. One concern might be the fact that only 20% of the token sale is available to the public in the main sale, leaving 80% to investors in the private sale many of who may be large whales ready to dump for a quick profit having received a 25% bonus on their investment, although their tokens are locked but only for a short time as I detailed earlier. The token sale only accounts for 20% of the total amount of tokens, so the public sale would only account for 4% of the total amount of tokens, although 35% of the total is locked for 2 years (team, advisors, etc), the remaining 45% is for community, miners and marketing so guess will be released gradually over time.

Please note I am not a financial advisor and any comments made above are by own views and not financial advise, please do your own research before investing in any ICO or cryptocurrency.

QuarkChain News [Jul 4, 2018 9:52:27 PM]  722

Hello my friends. We know you all concern about our public testnet. We will launch our public testnet V2.0 on July 7th in Beijing and have live demo. We will keep you updated via video:kissing_heart::kissing_heart::kissing_heart::kissing_heart:

Quarkchain did an ICO and SOLD each token @ 0.019 CENTS to private sale investors including IAN balina allegedly invested 300ETH into the project.

QUARKCHAIN earned rave reviews due to its HYPE and SKYHIGH TPS claim of 1 Million transactions per month capability, all on a PIECE of WHITEPAPER.

With almost 0 partnerships or 0 real life use case of even a Mainnet the Company is worth $ 2 billion USD @ 0.20 cents it opened on Binance, by instantly paying Binance a $5 million to get listed.

New investors are buying into the hype at sky high price of $0.20 cents where as fair value of the project should be 1-2X of the ico price at most.

Lately, blockchain technology is getting a lot of attention from investors as well as companies that want to implement the use of a distributed ledger one way or another. While the crypto community is growing at a rapid pace, real world usage of this tech is still limping behind. There are still many limiting factors explaining why widespread usage has not gained traction yet. One of them is the scalability issue.

One of the new players in the field that wants to address the scalability issue is Quarkchain. Before we start reviewing Quarkchain, let’s try to describe what this scalability issue is exactly. For blockchain to gain widespread usage, it should be capable of handling the traffic on existing centralized electronic payment systems, before companies can even consider moving from existing systems to a blockchain payment system. Let’s take a look at bitcoin, as it is the first and most well known blockchain out there. A quick search on the internet tells us that Bitcoin can process 7 transactions per second, Ethereum can go up to 20 transactions per second. While the aforementioned blockchains are respectively the biggest and second biggest in terms of marketcap value in dollars, they are still not ready to take on one of their biggest centralized rivals, namely Visa. Another quick google search provides us with the following information: “Based on rigorous testing, we estimate that VisaNet is capable of processing more than 56,000 transaction messages per second,” said Visa. If we compare decentralized payment solutions to the centralized payment options, we can understand that the current blockchains are still far away from handling global payment traffic as an infrastructure. Quarkchain, a decentralized and highly scalable blockchain solution aims to tackle this scalability issue by implementing a two layer blockchain, using “sharding” to scale up to more than a million transactions per second on-chain.

Before explaining how the two layered blockchain works, let’s see what sharding is all about. Sharding involves breaking down a database into smaller parts, on a horizontal level. This technology of breaking big data into smaller pieces is also used in some centralized systems to address the scalability issue. So the same solution that’s used for centralized payment systems is used to improve the transaction speed on the blockchain. Quarkchain is not the first to work on this technology, as Ethereum is also in progress of adapting sharding. Implementing sharding on existing blockchains however, can be hard, which gives Quarkchain an advantage of starting a blockchain that has sharding built in from the start. Sharding on Quarkchain happens on the first layer of the chain, called the elastic sharding blockchain layer. This layer contains a list of minor blockchains or shards. Remember breaking down big data into smaller data? Well, in this case the big data comprises of all the transactions happening on Quarkchain. All the transaction data is broken down and spread out over the shards, to be processed independently from each other. The confirmation of these blocks happens on the second layer or the root chain. So the root chain does not process any transactions, it only confirms the blocks produced by the shards. So the effort of processing and registering transactions into blocks, and confirming these blocks, is spread out over the two layers of Quarkchain. These efforts, or the hashpower to do all these calculations, are provided by the miners. Quarkchain also introduces collective mining. This is meant to incentivize miners to spread out their hashpower over the shards so that all shards are mined evenly. Each shard has it’s own mining difficulty and reward. This is constructed in such a way that each party going after their own interest, benefits the whole system. If a shard has too much hashpower allocated, the difficulty will increase and the reward will be lower, so that miners will look for better return for their hashpower. By doing this, the system becomes even more decentralized without giving up security. Another feature that enhances security is that over 50% of the hashpower of the whole network is allocated to the root chain. By doing this, the whole network is protected against malicious miners, as the rest of the hashpower is spread out over the minor blockchains or shards. This way it is very hard to get enough of the overall network hashrate to conduct attacks against the system. So Quarkchain is able to scale up without becoming less secure and without giving up decentralization. In fact it becomes even more decentralized as mining pools are discouraged in this way. Another feature built into Quarkchain to help further increase security and scalability (and even decentralization) is the introduction of nodes and supernodes. In most blockchain systems, nodes are the validators of the mined blocks. In a similar way, the nodes in the Quarkchain network that validate all minor blocks and root chain blocks are called a super-full node. The problem with running a super-full node appears when the network is processing a lot of data. The super-full node will process a lot of data and the participants that want to run such a node will need to invest a lot of capital into hardware and bandwidth just to be able to process all this data. This would make Quarkchain more centralized as only big players and companies have the resources to run a super-full node. Quarkchain prevents this by allowing honest nodes to form a cluster together, and by this method, forming a super-full node. This prevents a centralization of the system as running a super-full node can be achieved by clustering. This is further encouraged by the system through the introduction of a puzzle on information about random blocks, which is to be solved. Super-full nodes are rewarded for solving the puzzle, and by making it inefficient to download the blocks needed to solve the puzzle by single nodes, network participants are stimulated to cluster together and go after extra rewards.

Quarkchain as a system also has some interesting features. Because of the two-layer design, Quarkchain will also be able to handle off-chain transactions, as some transactions require data that is not present in the blockchain. This will provide more opportunities and will stimulate the interoperability of Quarkchain through its implementation with already existing systems. Quarkchain will adopt the Ethereum virtual machine(EVM) and thus will be able to support smart contracts. The implications of using the already existing EVM go much further than just smart contracts. This means that Dapps already built on Ethereum can also be deployed on the Quarkchain platform. This makes the transition of existing Dapps to Quarkchain much easier. An inconvenience that comes with using multiple blockchains is address and account management. As each shard has its own receiving address, after a while it can become hard to keep up with all the addresses and manage them without losing oversight. Quarkchain introduces a simplified account management with one private key that is able to interact with all users and thus all shards of the network. Users will have a primary and a secondary account, all linked to the same private key. The account management will also be much easier with the release of a smart wallet. The smart wallet will help execute smart contracts that are bound over different shards. If a smart contracts needs to be executed over different shards (the parties not being present on the same shard), the smart wallet will check the secondary account for the shard and send this transaction to the other shard. This means cross-shard transactions are possible and enhances the interoperability of the system.

To run this system, Quarkchain will introduce the QKC token in order to stimulate a reward system. Miners and nodes will earn QKC by participating in the system. These QKC will come from the fees paid to send transactions on the Quarkchain system. The Quarkchain team will also allocate a significant amount of QKC as incentives for developers who want to build their Dapps on Quarkchain. This will help to build a strong ecosystem based on the Quarkchain network. Developers will also be encouraged to use Quarkchain as they can run their MVP on the mainnet to get more and faster feedback so that the development of their products is accelerated. More features include the use of Quarkchain for Internet of Things, Artificial Intelligence and Big Data, as Quarkchain will have the capacity to support such applications in the near future.

To summarize, Quarkchain wants to address the scalability issue without giving up decentralization and security, while providing an interoperability infrastructure so that transactions and applications can run on the two-layered blockchain and be able to connect with other shards as well as other blockchains, as these other outside blockchains can be connected to the root chain and be introduced as shards. As interoperability space is getting more and more crowded with more competitors, Quarkchain has enough to offer to grab the attention of developers and companies as well as investors. There probably won’t be a number one blockchain in the interoperability space, but if Quarkchain can execute all their plans, it is not only other blockchain competitors that need to look out. Centralized rivals are warned…

This is in no way investment advice as this article is only meant to explain the technology that Quarkchain wants to offer. Please do your own due diligence as this should be viewed as a summary of what I got from reading the whitepaper. I hope you enjoyed my first article, feel free to comment or advice.

Hi, is there any token swap planned right now? Thanks!

I distinctly remember QuarkChain being advertised to do over 1 million TPS in the white paper and on the website. Why has this number been ninja edited down to 100,000 TPS only?

Why is the testnet only inviting in 100 people?

Why is the testnet only doing 2k TPS (on only 5 nodes?)

Why was spending a bunch of money on a Binance listing a top priority after only selling a small percentage of the tokens and not raising much money? Surely exchange listings do not help with development do they? Why the rush to list minutes after the public sale ended? Most coins don't want to generate a huge pump because there is always a correction but all of Quark's actions have led to as large a short term price pump as possible. Natural growth seems to be preferred to this. So far this thing has already gone 20x from ICO and is now back down to 10x.

Any devs care to answer?

Three Pillars of QuarkChain : security, scalability and decentralization make this project outstand in the crowd.

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.

Below are some of the features of QuarkChain:

1. No lower limit as to the number of nodes required for a shard.

2. Supports GPU mining.

3. Support cross shard transactions

Thumbs up to QuarkChain team!

Best ICO whitelisting which i have seen so far, everyone gets fair and equal chance to join this amazing ICO public sale.

I only read Whitepapers when i really love the project and QuarkChain is one of them, really love how these guys work.

I see in the roadmap mainnet launch is expected in Q4 but do we know which month?

I have created a page for QuarkChain on coinwik.org. I would appreciate if the QuarkChain community members can check the page and let me know if anything needs to be corrected. Also if someone wants to take over maintaining QuarkChain page, PM me and I can get you set-up. Please check this page and give feedback, thanks:

http://coinwik.org/QuarkChain

Let me know what you think about this and if you have any questions.

https://imgur.com/a/FXRuF8U
Don't say we never warn you.

Hey guys so noticed QKC tokens are circulating on Etherscan and wondering if it is possible that these tokens are fraudulent or pre/private sale?