QuarkChain QKC

$0.0432
Market Cap $ 34.594 MM (#84)
24h Volume $ 5.980 MM
Chg. 24h: 2.17%
Algo. score 4.1/5  (#39)
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QuarkChain project purpose and description

QuarkChain clarity of purpose

QuarkChain purpose and aspects

Quarkchain targets 100000 TPS (transactions per seconds -- better than VISA)

QuarkChain categories

Platform

Short description

QuarkChain is a high-throughput blockchain that aims to achieve millions of transactions per second (TPS). It is an innovative permissionless blockchain architecture that aims to meet the global-wise commercial standard. It provides a secure, decentralized, and scalable blockchain solution to deliver high on-chain transaction per second.

Abstract

Recently, distributed ledger technologies - decentralized and trustless blockchains (e.g. Bitcoin, Ethereum), have started rewiring the nature of our current economy, communications, and knowledge. As the global financial transaction volume in all electronic payments grows, the low capacity of the current blockchain-based networks cannot cover the world' s commerce anytime. However, a simple pursuit of scalability usually sacrifices decentralization and security. Therefore, the ultimate goal of blockchain is to extend the scalability as high as possible while keeping security and decentralization in an appropriate level. QuarkChain is an innovative permissionless blockchain architecture that aims to meet the global-wise commercial standard. It provides a secure, decentralized, and scalable blockchain solution to deliver 100,000+ on-chain TPS.

Link to Roadmap: https://quarkchain.io/
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