QKC
QuarkChain
A permissionless blockchain architecture that aims to meet global commercial standards. It aims to provide a decentralized and scalable blockchain solution and has the potential to support a high number of on-chain transactions per second (TPS)
This platform consists of a root chain and multiple side chains. Each side chain functions as a blockchain that can operate independently, thus increasing the transaction speed
@QuarkChain core functionality is based on state-sharding technology and its unique two-layer architecture. The network is designed to separate the data layer and the transaction layer, allowing transactions to be processed in parallel across multiple shards. This design differs from traditional single-blockchain architectures and provides a more scalable solution by distributing the workload across multiple nodes
QuarkChain uses a unique consensus mechanism known as Proof of Staked Work (PoSW), which combines elements of Proof of Work (PoW) and Proof of Stake (PoS). This hybrid model allows miners to stake their coins to reduce mining difficulty, facilitating the mining of new blocks while maintaining the security and decentralization of the network.
Additionally, QuarkChain is compatible with the Ethereum Virtual Machine (EVM), allowing developers to deploy Ethereum-based smart contracts on the network.
It resolves the scalability issues that plague many blockchain networks, enabling it to process high volumes of transactions simultaneously. This makes QuarkChain suitable for applications that require fast and efficient transaction processing, such as decentralized finance (DeFi) and large-scale decentralized applications (dApps).
Market Cap: $59.93 million
Circulating Supply: 7.03 billion QKC
MAXIMUM Supply: 10 billion QKC
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