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QuarkChain is one of the new blockchains “on the block” that aims to create a highly scalable and secure blockchain that can handle up to one million transactions per second using a two-layered blockchain system.
They are seeking to bring crypto to a wider mainstream audience and will support smart contracts with Ethereum Virtual Machine (EVM). This means developers will be able to easily port and deploy dApps built on Ethereum onto QuarkChain once their main net is live which could make QuarkChain a serious contender right out the gate.
QuarkChain separates out these two primary functions with the use of a 2 layered system that allows for greater scalability:
The first layer consists of “elastic sharded” blockchains, and The second layer has a root blockchain.
QuarkChain currently has a private testnet life that is operating with 8 sharded blockchains with each shard performing 100 to 200 transactions per second (TPS). The total TPS for the network currently ranges from 1000 to 2000+ transactions per second.
Token Name: QKC
Hard Cap: 20 Million USD
The QuarkChain token (QKC) will be an ERC-20 token until Mainnet 1.0 launches Q4 2018, the QKC (ERC-20) will then be converted to QuarkChain’s main net tokens.
Crowdsale intended for the end of May or start of June
2 year vesting period for the team with an extended vesting period for QuarkChain’s Foundation
QKC will be used to pay for transaction fees and to reward community contributors that help improve QuarkChain’s system
A significant amount of QKC will be dedicated to incentivizing developers to build dApps on QuarkChain’s platform
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Bhai the way you explain is great, but if you could use some Animations, then it will be great. ex. like In this video, use of shards for tnxs and then its integration to main network could have been explained by Animation,then it could be more easy to understand. But now its look like studying Math as a theory subject.
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