- Last Price$0.01
- Market Cap$53.57M
- All-Time Low$0
- Circulating Supply7.14B
- Turnover (24h)$4.33M
- All-Time High$4.88
- Total Supply10B
- Fully Diluted Market Cap$53.57M
Learned by 507 usersPublished on 2024.04.01Last updated on 2024.12.03
$0.01
+0.03%Note: The project description is sourced from official materials provided by the project team. However, it is important to note that these materials may be outdated, contain errors, or omit certain details. The provided content is for reference purposes only and should not be considered investment advice. HTX does not assume any liability for any direct or indirect losses incurred as a result of relying on this information.
How to Buy QuarkChain (QKC)Learn now
As the world increasingly moves towards a digital economy, the need for robust blockchain solutions has never been more pressing. QuarkChain, denoted by its symbol $QKC, stands at the forefront of this technological evolution. It is a decentralized, permissionless blockchain architecture that employs sharding technology to deliver high transaction throughput and a user-focused infrastructure. By striving to meet global commercial standards, QuarkChain aims to support a broad array of applications including payments, high-frequency trading, gaming, Internet of Things, and distributed social media.
QuarkChain is a multi-layer blockchain network uniquely designed to facilitate peer-to-peer transactions with high scalability and security. Unlike traditional blockchains, which can face significant limitations in processing capacity, QuarkChain employs innovative sharding techniques. This methodology allows the network to handle over 10,000 transactions per second (TPS), making it a strong contender in the race for scalability.
The architecture of QuarkChain consists of two integral layers:
By efficiently isolating workloads, QuarkChain significantly enhances transaction speed and reduces the bottlenecks typically associated with network congestion.
The initiative behind QuarkChain comes from a dedicated development team whose identity is not explicitly detailed in the available information. Nevertheless, what stands out is the project's structured roadmap that guides its operations and goals. This development team is committed to delivering on the vision of QuarkChain while continuously enhancing its ecosystem.
QuarkChain's Initial Coin Offering (ICO), which concluded on June 3, 2018, was a crucial milestone for the project, successfully raising $20 million worth of Ethereum (ETH). This remarkable achievement marked the acquisition of 20% of the total QKC supply.
Following the ICO, the token distribution was strategically organized to promote a sustainable ecosystem:
This strategic allocation showcases the project's commitment to fostering growth and retaining a robust investor interest.
At the core of QuarkChain's innovative framework is a multi-tiered consensus mechanism that marries the attributes of Proof of Work (PoW) and Proof of Stake (PoS). This hybrid system bolsters the security and efficiency of the network.
Furthermore, a feature known as collaborative mining permits several legitimate nodes to form a super-full node. This lowers the entry barriers for new participants and widens the network's decentralization while simultaneously increasing the overall security and effectiveness of the mining process.
The journey of QuarkChain has been marked by several key milestones that have shaped its development. Here are some notable events in the project's history:
This timeline encapsulates the evolution of QuarkChain as it navigates the complexities of the blockchain landscape.
QuarkChain distinguishes itself through various key features that underline its innovative approach:
QuarkChain represents a significant milestone in the ongoing quest for effective blockchain solutions. Through its innovative use of sharding technology and a dual-layer architecture, it effectively tackles the blockchain trilemma of decentralization, scalability, and security. With a clear vision and structured roadmap, QuarkChain not only meets the needs of its current user base but also positions itself as a promising solution for diverse future applications. In a world that increasingly values speed and efficiency, QuarkChain is certainly a project to watch as it continues to evolve and contribute to the blockchain ecosystem.
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