Blockchain development has come a long way over the past few years, developing rapidly in many different directions. Development platforms have seen impressive levels of innovation, which led to the explosion of massive trends such as DeFi, NFTs, metaverse, blockchain gaming, and more.
Stablecoins are bigger and stronger than ever, memecoins became a category of their own, and adoption levels have gone up to the point where we already got the first country to accept crypto as legal tender — El Salvador. Not to mention that every major company out there is either using, researching, or investing in blockchain.
With that said, blockchain technology is still flawed, especially when it comes to major chains like Bitcoin and Ethereum, but also many others that were made in their image. This is why many newer projects emerged to try and tackle these issues, and offer more scalable solutions for both, crypto payments and the use of blockchain products, with QuarkChain emerging as one of the most advanced examples.
How Does QuarkChain (QKC) Work?
QuarkChain is a unique blockchain architecture that is decentralized and permissionless. Furthermore, it relies on blockchain sharding technology to provide a scalable, flexible, and user-oriented structure.
Its goal is to facilitate global commercial standards by becoming capable of hitting 100,000 TPS on-chain. For now, it managed to reach 55,000, which means that it is halfway there. Of course, with the likes of most older chains only being capable of processing a single-digit or double-digit TPS, 55,000 is more than capable of setting QuarkChain far above them.
The project is affordable, fast, and suitable for all applications and uses with advanced, emerging technologies. All in all, it is one of the most technologically advanced projects out there, which should definitely put it on your map if you are looking for the next potential investment opportunity.
What Problems Does QuarkChain (QKC) Solve?
QuarkChain is a project that aims to solve the most common problems that the older generations of blockchains are suffering from. Chains like Bitcoin and Ethereum have managed to secure their decentralization, but they sacrificed scalability and flexibility. Meanwhile, projects like XRP or Tether (USDT) are very scalable, but they are centralized, so not the best examples of what the crypto world is all about. QuarkChain aims to change that by tackling these problems. Here is what it does.
Solves low scalability
Low scalability has been a problem in the crypto industry for years. Bitcoin, the world’s first and largest cryptocurrency is the most adopted and accepted coin, as well. However, it can only handle 6-7 TPS. Ethereum is not much better by only going as high up to 14-15 TPS. QuarkChain emerged with a goal of achieving 100,000 TPS, which would place it among the most scalable projects out there. It is a work in progress, however, so for now, it can only reach around 55,000 TPS, which is still miles above what older chains are capable of.
Increases flexibility
QuarkChain is an interesting public chain that supports multiple consensuses and transactions models, ledger, token economics, and more, all a part of a single network. Its team claims that it is capable of adapting to blockchain innovations simply by customizing consensus or changing transaction model, and other aspects. All of this makes it extremely flexible and adaptable, whereas other blockchains are pretty much stuck with what they were originally developed for, unless they go through a total do-over.
Promotes decentralization
QuarkChain features a two-layered structure, and it encourages miners to mine its tokens directly, regardless of their level of capability. It believes that, for the purpose of decentralization, this approach is a lot better than joining a mining pool. Furthermore, it also allows users to choose whether they will mine in the root chain or in the shard.
Achieves interoperability
With the design architecture that the project has, cross-chain transactions become approachable. The project noted in its documents that QuarkChain only maintains one root chain, so transactions from another blockchain — while possible — require some modifications. They can be implemented by converting the tokens by an adapter, and then performing transactions like cross-shard transactions. The only other way is to accommodate the other chain as a subchain, so in being cross-shard transactions (which is already available), they would also be cross-chain.
Benefits of QuarkChain (QKC)
While all of this is certainly impressive, it is not the end of what QuarkChain can offer. It also has several benefits that it offers directly to its users, such as:
Individual mining
As mentioned, QuarkChain encourages its users/miners to mine on their own, instead of joining mining pools. While the purpose of this is to increase decentralization, as it would mean individuals farming from all over the world, rather than one or two entities doing all the mining on behalf of the miners, it also opens opportunities for miners to get a bigger chunk of the reward.
A reliable, safe ecosystem
QUarkChain offers a highly flexible, extremely scalable chain with high usability. It features multiple solutions that do not only improve on the existing blockchain projects, but can even solve problems that many chains are experiencing to date. Furthermore, thanks to its insistence of decentralization and the most advanced technologies, it has created a reliable and safe ecosystem that can empower entire enterprises.
Great usability of QKC coin
Finally, let’s discuss the use cases of its QKC token. The token can come to good use when it comes to other emerging technologies, such as AI, big data applications, and ioT. The project also says that it is perfect for mobile dApps thanks to the fact that it contains an ideal design and robust structure. The project’s salable technology also makes its good for use with social networks, online storage, sharing platforms, and even gaming.
Conclusion
QuarkChain is the new generation of blockchain that aims to solve the problems of the previous generations. Bitcoin may be the most important crypto/blockchain project in the history of digital currencies, but by today’s standards, its technology is almost as outdated as traditional banking systems. Ethereum and chains that followed represent the second generation, where the accent is on the blockchain, more than the coins themselves.
QuarkChain is one of the members of the third generation, where everything is included in one chain, and is significantly better than what the previous generations can offer.
