QuarkChain (QKC) is an Ethereum based token complying with ERC-20 standards. The total supply of the QuarkChain token is 10 billion. QuarkChain is developing its own blockchain which aims to solve the problem of scalability while ensuring decentralization and security. The Quarkchain network introduced blockchain sharding, aiming to facilitate transaction speeds of 100,000 TPS. The QuarkChain sharding technique is used in order to process transactions off-chain. Transaction speeds increaseShow more [+] linearly with an increase in the number of shards. The sharded blocks are connected with Root Chain which confirms all blocks from sharded blockchains. The shards are incentivized evenly for their Hash power. QuarkChain also supports cross chain transactions.
The native crypto coin of the QuarkChain network is QKC which has initially been launched as an ERC-20 token and will be migrated to an original QuarkCoin blockchain in the future. Future expected applications of QKC are in the AI and gaming industry.
QuarkChain was founded by Qi Zhou who is a former Google Employee with 15 years of development experience. The team consists of 4 members as developers, 4 operation managers and 6 advisors.
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