Quarkchain - High-performance peer-to-peer transaction system. Blockchain using Sharding technology.
Shortly about ICO:
Ticker: QKC
ICO Token Price: 1 QKC = 0.0226 USD
Fundraising Goal: 20,000,000 USD
Total Tokens: 10,000,000,000
Available for Token Sale: 20%
Whitelist: 7 May - 21 May
By activity in social networks at the time of publication of this review:
Telegram EN (https://t.me/quarkchainio) - 84300 people.
Twitter (https://twitter.com/Quark_Chain) - 14400 readers.
What are the objectives of the project?
The project team sets itself an ambitious goal of 100,000 TPS to solve the problem of scaling blockchain.
What are the project ideas:
- Two-tier architecture of the block: the first level is the rootchain, the second is the sharding layer. Rootchain only checks the headers of the shard level blocks. Each shard can generate many transactions.
- Support for smart contracts.
- The network capacity is over 100,000 TPS. This is more than the capacity of Visa and Mastercard combined. In support of this, there is already a testete, of which 18 nodes provide more than 2279 TPS.
- Support for DApps.
- Cross-Chain transactions - third-party blockers, connect to the rootchain, like shards.
- Applications can use the mainnet at the MVP stage to test the product under real conditions, as well as testing ideas.
What projects can be compared?
The project uses the Elastic Sharding Blockchains technology, as well as the Zilliqa blockchain project. He is a direct competitor. So what are the advantages of Quarkchain before the Zilliqa project?
- Zilliqa does not support a turing-complete smart contract.
- Zilliqa only supports network sharding, while we support network and state shading.
- Quarkchain has scalable cross-shading transactions, while in Zilliqa there are restrictions on such transactions.
The project team:
The team consists of nine members. Information about some of them is given below:
Qi Zhou, founder - Ph.D. in computer science, has five years of experience in the field of engineering and software development, the last place of work - Facebook.
Zhaoguang Wang, a software developer, has seven years of software development experience for such technical giants as Facebook, Google, Instagram.
Xiaoli Ma, research associate professor of the Georgia Institute of Technology. Doctor of Science in Electrical Engineering, has seven years of experience in the technology industry, was the technical director of Ratrix Technologies.
Yaodong Yang, Research Fellow - Ph.D. in Engineering, Professor of the Department at Xi'an University of Transportation, co-founder of Demo ++ Technological Incubator.
In general, the team is rather experienced and ALL-STAR.
Roadmap:
Conclusions on the project:
At this stage, the project looks very confident: the test-net 1.0 is started, active work is done in GitHab, high-level advisers, a fairly good WP and not a tight Roadmap. In addition, as the developers promise, before the main stage of the sail will be launched public test-net.
As far as I know, QuarkChain and Zilliqa are the only projects realizing shadding for a testnet.
Therefore, I believe that QuarkChain can become one of the most successful ICO projects in 2018.
Site - https://quarkchain.io/
Whitepaper - https://quarkchain.io/QUARK%20CHAIN%20Public%20Version%200.3.4.pdf
Medium - https://medium.com/@quarkchainquark
Telegram - https://t.me/quarkchainio
GitHub - https://github.com/QuarkChain
Twitter - https://twitter.com/Quark_Chain
Thank you!