Quote from: mbaeichapareiko on May 16, 2018, 12:17:24 AM

why Quarkchain is a gamechanger.
Why I think Quarkchain can be a gamechanger in blockchain technology.
QuarkChain (QKC)
Why QuarkChain may be a game changer.
Scalability
Security
Turing Complete EVM-
Summary
Quarkchain description:
The advent of bitcoin and blockchain technology is revolutionizing businesses and industries on a global scale. It is a fact that many industries and corporations are rushing to adopt blockchains technology in efforts to be competitive and efficient. However, before mainstream adoption is possible, a few principle aspect of blockchain tech needs to be improved upon. One critical aspect is scalability. Another major issue is decentralization and security. It is a comman fact that centralized proof of work mining pools namely on the bitcoin network, are making it impossible for the blockchain to be truly decentralized and secure. A major concern with bitcoin is the possible threat of a 51% attack of the network if a mining pool becomes too large, thus the security of the network is compromised. Quarkchain has a solution to this problem.
Lets consider scalability.
Take a look at ethereum for example, they can do approx 15 tps which is not scalable for high transaction throughputs. Visa currently claims to do approx 56000 tps on its centralized network. Cryptokitties recently revealed ethereums scalability issue by using up 15% of the ethereum network. It is obvious that mainstream adoption is impossible without scalability. This is particularly true if blockchain were to adopt micro high speed transactions. There are some proposed solutions to these problems with other projects such as Bitcoins Lightning Network is only applicable to frequent off- chain transactions among a fixed group of parties and Ethereums Casper technology is still in development.
https://quarkchain.io/ has real solutions!
I encourage you to read the whitepaper on their website as it has very clear and concise explanation of their solution. A quick synopsis is as follows:
To solve the problems above, Quark Chain has built and developed a dual blockchain solution of their own from scratch. A first layer is an elastic shard blockchain. This first layer contains a list of blockchains or shards that process a sub-set of all transactions independently. The second layer of the Quarkchain system is a Root Layer blockchain that confirms all blocks for the shard blockchains. The Root layer ensures the security and decentralizing of the blockchain while the sharding layer extend its scalability. It is easy to add shards to the first shard layer and transaction speed increases linearly with added chains up to 1 million transactions per second (tps), according to the project without compromising on security and decentralization. The bottom line is. The more the number of shards in the network of the first layer blockchain, the higher the capacity of the blockchain. Meanwhile Quarkchain also solves the problem of decentralization by allowing clusters of honest nodes in a network to run as a supernode. Please refer to the whitepaper for specifics.
As a result, QuarkChains platform is expected to:
· Enhance scalability while guaranteeing security and decentralization.
· Enable seamless cross-shard transactions to ensure a quality experience for users.
· Provide simple account management for clients; only one account for all shards.
· Provide an open infrastructure for DApps that require high transaction throughput.
· Be an incentive-driven ecosystem.
Furthermore, network participants will be rewarded in QKC tokens for running nodes and supporting the network participants may choose to join a cluster of nodes and form a super-full node. QuarkChain is also expected to support smart contracts by using the Ethereum Virtual Machine.
Here is what really excites me about the project. While Listening to the founder Qi Zhou in an interview he stated that it will be possible to deploy ethereum smart contracts from the ethereum virtual machine onto the quarkchain. This is a gamechanger in my opinion as projects that need scalability on the EVM can simply be integrated into Quarkchains first layer as a shard. Thus the infrastructure that is being built on ethereum can theoretically have scaling and security solutions as simple as deploying onto Quarkchain and being interoperable between both chains. QKC is QuarkChains native token and it should serve as the governing currency in the ecosystem. It will be used to pay network fees, as a medium to exchange value, and to reward community members for their contributions.
Existing Product
The QuarkChain project claims to have an in-house testnet that reaches around 2,000 transactions per second. There is no public proof of that, but several people confirmed privately that theyve seen the prototype.
Roadmap
Q2 2018 Testnet 0.1 along with Wallet 0.1 (10K+ tps).
Q3 2018 Testnet 0.2.
Q4 2018 QuarkChain Core 1.0, Mainnet 1.0, Smart Wallet 1.0 (100K+ tps).
Q2 2019 QuarkChain Core 2.0, Smart Wallet 2.0 (1M+ tps).
Hard Cap and Valuation
The project aims to raise $20 million. Total token supply is 10 Billion and team tokens will be vested over 2 years. More information about token distribution will be released in due time.
Marketing Power
As of the time this post was published, QuarkChain had over 19,600 followers on Telegram, 3,900+ followers on Twitter, over 1,000 followers on Mediumand 107 followers on GitHub.
Team Members Areas of Expertise
Business experts
Ting Du, Business Development and Eco-system
· Work experience is unavailable at the moment.
Target market experts
QuarkChains team has considerable expertise in the software development sector but not so much in blockchain development.
Marketing experts
Anthurine Xiang, Marketing and Community.
· Lead Platform Analytics at Wish Shopping Made Fun for over a year.
· Analytics, Business Development & Marketing at Beepi for almost 2 years.
· Lead of Product Analytics at Chartboost for over a year.
· Consumer Marketing & Analytics at LinkedIn for almost a year.
· Financial Consultant at Argus Information and Advisory Services for almost 2 years.
· Masters Degree in System Analysis and Economic Management.
Julianne Zhu, Social Media Broadcasting.
· Shanghai Branch Manager at RoboTerra, Inc for 2 years.
· Masters Degree in Business Administration, Accounting.
Legal experts
No team member with legal expertise.
Software engineering experts
Qi Zhou, Founder.
· Software Engineer at Facebook for a year.
· Consultant Software Engineer at Dell EMC for almost a year.
· Principal Software Engineer at Dell EMC for almost 2 years.
· Software Engineer at Google for almost a year.
· Senior Engineer at Ratrix Technologies for almost a year.
· PhD in Electrical and Computer Engineering.
Zhaoguang Wang, Software Engineer.
· Senior Software Engineer at Facebook for over a year.
· Software Engineer at Instagram for 4 months.
· Senior Software Engineer at Google for 5 years.
· Research Assistant at University of Michigan for a year.
· Masters Degree in Computer Science and Engineering.
Xiaoli Ma, Research Scientist.
· Co-founder & CTO of Ratrix Technologies for over 6 years (ongoing).
· Professor, IEEE fellow at Georgia Institute of Technology for almost 4 years (ongoing).
· Associate Professor at Georgia Institute of Technology for 4 years.
· PhD in Electrical Engineering.
Yaodong Yang, Research Scientist.
· Tenure track Professor at Xian Jiaotong University for almost 7 years (ongoing).
· Research Assistant at Virginia Tech for almost 4 years.
· Research Assistant at University of Dayton for almost 2 years.
· Vice Chair in Education at Xian Jiaotong University for almost 4 years (ongoing).
· Co-founder at Demo++ technological incubator for almost 3 years (ongoing).
· PhD in Engineering.
Wencen Wu, Research Scientist.
· Assistant Professor at Rensselaer Polytechnic Institute for almost 5 years (ongoing).
· PhD in Electrical and Computer Engineering.
Blockchain development experts
No team member with blockchain development expertise.
Token economics
No team member with token economics expertise, however, two of their advisors, Kevin Hsu and Leo Wang are successful cryptocurrency investors. It may be assumed that both men have some experience in token economics; if they do, the project should benefit from their knowledge.
Conclusion
Strengths
· Strong developer team with profound academic backgrounds.
· Project claims to have an internal testnet alpha with 2000+ tps.
· QuarkChain aims to be an infrastructural layer for high throughput DApps (AI, IoT, gaming).
Potential risks for investors
· Various Blockchain projects are working on scalability (Loom, Zilliqa, TomoChain, EOS, Cardano, etc.).
Disclaimers:
· Nothing written in this article is a legal or an investment advice.
· Information is provided on a best-effort basis and is subject to change without prior notice. Be sure to verify everything you read with a project team.
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Thank you!
1 Comment
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I have read above post and I think the Quarkchain blockchain emergence would be a welcome development to the blockchain technology world. With its proposed features of scalability, deep decentralization and powerful security ecosystem, I think the Quarkchain dual blockchain project solution will be a time bomb. Incorporating it with the Ethereum virtual machine would be the best thing that could happened to the crypto internet space. However I would do a proper due diligent search on this fascinating project before showing my support. Thanks