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📝 Overview 📝
Quarkchain is trying to solve the blockchain trilemma – the difficulty of scaling, security and decentralisation for a system.
The project will make use of sharding technology to help scale the network. It will also include a two layered approach which could mean transaction speeds of up to 1m transactions per second.
Greater decentralisation on the network will be achieved through collaborative mining. The hope is that this can increase the security by providing every transaction with the protection of 50% of the network.
There are two layers on the Quarkchain blockchain and these are the sharding layer and the root layer. The sharding layer is used to confirm shard blocks from the root layer. It is also open to dApp creation and the team thinks that they can develop a more scalable App creation platform.
The token powering the Quarkchain ecosystem is the ERC20 standard QKC token. This was sold in an ICO that took place in June of 2018. The team was able to raise a total of $20m in exchange for 20% of the total token supply. The remaining funds are being held for development, advisors etc.
The team behind Quarkchain is really quite experienced with diverse range of experience. For example, they have worked at companies including the likes of Google and Facebook. They also have advisers from Pantera Capital and Sun Microsystems.
QKC tokens are currently available on a number of exchanges although the bulk of the volume is currently taking place on Binance. There are, however, pretty reasonable turnover levels on their books which bodes well for the liquidity.
Once you have your QKC tokens you will want to store them in an offline wallet. Given that these are ERC20 standard tokens, you have quite a large range of wallets – although you should opt for a hardware wallet.
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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