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What is QKC

Tokens

1. What is qkc?

QKC (QuarkChain) is a cryptocurrency primarily used for transactions and payments on the QuarkChain network. Here is an introduction to QKC:

  • Usage: QKC is a utility token used for exchanging goods between participants on the QuarkChain network, providing a convenient and secure payment and settlement method.
  • Functionality: QKC is used for paying transaction fees, enhancing scalability, supporting the operation of decentralized applications and smart contracts, as well as rewarding miners.
  • Network Ecology: QKC provides a convenient and secure payment and settlement method for participants interacting within the QuarkChain network ecosystem.

2. Who founded qkc?

The founders of QuarkChain (QKC) cryptocurrency are Qi Zhou and Yao Dong. Qi Zhou, a former Google and Facebook engineer, conceived the QuarkChain project in 2017 with the aim of addressing contemporary blockchain scalability issues.

3. Which venture capitalists invested in qkc?

Based on the information provided, investment information about QuarkChain (QKC) was not directly mentioned in the search results. However, general blockchain and cryptocurrency investment information indicates that some investment institutions and individuals are active in the blockchain field, but these details do not specifically point to QKC investors.

If you require specific investment information about QKC, further research or consultation of relevant investment reports and news may be necessary. Here are some investment institutions and individuals active in the blockchain field, who may be involved with QKC or other cryptocurrency projects.

  • Distributed Capital: Participated in investments in multiple blockchain projects, such as BHex and CoinMex.
  • Huobi and OKCoin: Jointly invested in projects like BHex.
  • Yintai Capital, Node Capital, Plum Ventures, Imagination Fund, Kcash Wallet Yuan Dawei, Genesis Capital Sun Zeyu, Urban Real Estate: Participated in the angel round financing of BHex.
  • GF Network and Distributed Capital: Led the angel round financing of CoinMex.

This information is not directly related to QKC investors and requires further investigation and confirmation.

4. How does QKC operate?

How does the QKC cryptocurrency (QuarkChain) operate:

  1. Infrastructure:

  2. QuarkChain is a blockchain platform designed to provide high transaction speeds and scalability. It uses sharding technology to divide network data into small partitions (shards), each of which can process transactions and smart contracts in parallel.

  3. Two-tier structure:

  4. QuarkChain adopts a two-tier structure: the primary layer is used for sharding, while the root layer is used to confirm blocks from the shards. This design ensures network security and high throughput.

  5. Consensus Algorithm:

  1. Introduction:

  2. QuarkChain combines the Proof of Work (PoW) and Proof of Stake (PoS) algorithms to improve transaction capacity and security.

  3. QKC Token:

  4. QKC is the native cryptocurrency of QuarkChain, used to pay transaction fees, reward miners, and support the operation of decentralized applications.

  5. Scalability:

  6. QuarkChain solves the scalability problem of blockchain through sharding technology, allowing multiple chains to interconnect, increasing transaction speed and throughput.

  7. Use Cases:

  8. QuarkChain supports smart contracts and decentralized applications (dApps), suitable for scenarios such as blockchain games, social networks, online storage, and sharing economy platforms.

In conclusion, QuarkChain (QKC) provides a high-performance, scalable, and secure blockchain solution through its unique sharding technology and two-layer structure.

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