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Board Announcements (Altcoins)
Re: [ANN] [QRK] Quark | cPoW | PC mining | Fast Distribution | Stability -
by
reRaise
on 12/03/2014, 15:12:48 UTC
Quark is going to be huge: It is incredibly fast and it is the most secure coin there is, at a time when the security of cryptocoins is becoming a major issue, and transaction speed will become an issue for any coin that wants to move beyond enthusiasts and into the mainstream.

Fast doesn't really mean anything, you have to wait for more confirmations anyway to ensure a secure transaction. More confirmations = more time. It's a zero-sum game. Darkcoin has 11 rounds of different hashing so you could argue that that is the most secure, not quark. You're trying really hard to get people interested, but the fact remains that it's mined out. No one wants to mine a mined out coin, and no one wants to buy off bagholders.

"Darkcoin in terms of hashing functions it is a combination of Quark's 6 hashing functions and Qubit-coin's 5 hashing functions, so in total Darkcoin has 11. Five of Quark's hashing functions (Blake, Grøstl, JH, Keccak and Skein) were the finalists of the NIST competition https://en.wikipedia.org/wiki/NIST_hash_function_competition
But Quark is using 9 rounds of hashing: while using 6 rounds from Blake, Blue Midnight Wish, Grøstl, JH, Keccak and Skein it adds 3 more rounds of hashing randomly: so the computer doesn't know whether it will be Keccak or Grøstl or Blake. And that's one of the uniqiue beauties of Quark. Unfortunately, Darkcoin or Qubitcoin don't do that: the computer remains certain about which hashing function will be used.

In addition, Darkcoin's block generation time is 2.5minutes (150seconds), while Quark is 30 seconds. Which means that Quarks algorithm with an element of randomness (unpredictability) will have to be cracked in 30 seconds to create a double-spend fork, while for Darkcoin this window of opportunity for the attacker is 5 timeslonger: 150 seconds with no element of randomness. If you take all these factors into account, Quark is still the most secure - it's not only about the number of hashing functions."