With the arrival of another blockchain project that promises a highly scalable and secure blockchain solution, is the end of Ethereum’s reign coming to an end?
The world of blockchain technology has evolved rapidly in the recent years. More and more people are already seeing blockchain as a better alternative to the traditional banking systems. As a matter of fact, some people also believe that it won’t be far for blockchain to end up transforming a number of industries in the world – health care, politics, hospitality industry and more.
And here is another catch. A new blockchain project is emerging with a platform focusing on enhanced scalability through the cutting-edge sharding technology. The blockchain world is thrilled with the arrival of the new blockchain in the block – QuarkChain.
What is QuarkChain?
QuarkChain will have a token symbol of QKC. It is one of the latest emerging blockchain platform projects aiming to provide a high capacity TPS or transactions per second. One of the loopholes among the main chain world now is a lagging network. With enhanced blockchain scalability, the blockchain network will have the power to handle greater amounts of transactions. QuarkChain is aiming to achieve a transaction speed that can cater up to one million transactions per second.
So, how is it going to be possible for QuarkChain to offer a much faster TPS?
QuarkChain promises a high capacity peer to peer transaction using its two-layered blockchain system. The first layer will be the elastic sharding blockchains or shards system and the second layer being the root blockchain which confirms the blocks that from the shards. Ultimately, as the number of shards is increasing, the number of transactions that can be processed concurrently will also be increasing. Aside from these two types of sharding functions, QuarkChain will also have the ability to issue cross-shard transactions – which means higher throughput solution.
What Makes QuarkChain Different from the Rest of Chain Projects?
QuarkChain is offering a promising chain platform built upon a vision of a user-friendly, decentralized and secure blockchain with faster transaction rate. While there are already several new and emerging blockchain projects that promise enhanced scalability, QuarkChain sets itself apart in a number of ways:
• Security and scalability that goes hand in hand is an extra challenging system to achieve in the blockchain technology. QuarkChain is targeting to provide the best of both worlds by improving speed of transactions while tightening security in the chain platform. It aims to provide a network which is safe and resistant to malicious hacking activities.
• To promote wider mainstream audiences, QuarkChain will be offering support for intelligent contracts through EVM or Ethereum Virtual Machine. This would mean that QuarkChain will be easily compatible to the current Dapp.
• QuarkChain offers a roadmap which is clear, transparent and very reasonable.
• The QuarkChain platform seeks to offer a simple account management system. It will provide a smart wallet which will allow the users to store all electronic payments with just one private and secure key.
For more info about the QuarkChain, Please visit
• Website: https://www.quarkchain.io
• Facebook: https://www.facebook.com/quarkchain.quark.5
• Telegram: https://t.me/QuarkChainio
• Twitter: https://twitter.com/Quark_Chain
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