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What is QuarkChain (QKC)?

QuarkChain basic info

Name:QuarkChain
Ticker:
Introduction:

What Is QuarkChain?

QuarkChain is a blockchain architecture, conceptualized in 2017 by Qi Zhou, a former engineer at Google and Facebook. It emerged as a solution to the scalability challenges faced by existing blockchains. By March 2018, QuarkChain introduced its unique multi-layer sharding approach, designed to significantly enhance transaction speeds without sacrificing security. This innovation led to the successful launch of their mainnet in December 2018, boasting an impressive capacity of handling 100,000 transactions per second (TPS).

QuarkChain’s development has been marked by continuous advancements and expansions in its ecosystem. The platform’s core mission is to offer a scalable, decentralized blockchain solution that upholds the fundamental values of blockchain technology: decentralization, security, and scalability. This is achieved through its innovative architecture and commitment to maintaining a global, inclusive blockchain community.

Resources

Whitepaper: https://quarkchain.io/wp-content/uploads/2018/11/QUARK-CHAIN-Public-Version-0.3.5.pdf

Official Website: https://quarkchain.io/

How Does QuarkChain Work?

The essence of QuarkChain’s functionality lies in its sharding technology. Sharding divides the network’s data into smaller segments, known as “shards,” each capable of independently processing transactions and smart contracts. This parallel processing allows for simultaneous handling of different transaction sets across multiple shards, thereby exponentially increasing the network’s throughput.

QuarkChain’s architecture is dual-layered, comprising a primary layer of shards and a root layer that confirms the blocks from these shards. Transactions are quickly confirmed at the shard level and then further validated on the root chain, ensuring overall network security. This structure effectively balances scalability with security.

Additionally, QuarkChain has introduced collaborative mining, a strategy that promotes decentralization and equitable reward distribution. This approach ensures that miners of varying hash powers have proportional opportunities to mine new blocks, thereby preventing the dominance of larger mining pools and maintaining network integrity.

What Is QKC Token?

QKC is the native token of QuarkChain. With a maximum supply capped at 10 billion tokens, QKC plays multiple roles within the network. It is used for transactions, as a medium for incentives, and to cover transaction fees. The token’s distribution was planned during QuarkChain’s ICO, with allocations for mining, marketing, community, the QuarkChain foundation, and the team.

What Determines QuarkChain's Price?

The price of QuarkChain (QKC), like many cryptocurrencies, is influenced by a complex interplay of various factors, deeply rooted in the principles of supply and demand within the blockchain and cryptocurrency markets. One of the primary determinants is market sentiment, which is significantly swayed by the overall perception of QuarkChain's technology, its scalability, and its potential to revolutionize blockchain efficiency. As investors and users recognize the innovative sharding technology and the high transaction throughput that QuarkChain offers, their growing interest and trust can positively impact QKC's price. This sentiment is often reflected in media coverage, expert opinions, and community discussions across various platforms, including social media and cryptocurrency forums.

Another crucial factor is the network's adoption and partnerships. As QuarkChain expands its ecosystem through strategic alliances and integrations, it gains more utility and visibility in the broader blockchain and cryptocurrency communities. For instance, collaborations with other blockchain projects, adoption by decentralized applications (dApps), and integration into larger blockchain infrastructures can enhance the perceived value and utility of QKC. Additionally, the overall market trends and movements in the cryptocurrency sector play a significant role. Like other digital assets, QKC's price is subject to the fluctuations and trends of the crypto market, which can be influenced by global economic factors, regulatory news, and technological advancements in the blockchain space.

Lastly, the technical and fundamental aspects of the QuarkChain network, such as updates, improvements, and the overall health and security of the blockchain, are critical in determining QKC's price. Investors and users closely monitor these developments, as they can directly impact the network's performance and reliability. The balance of supply and demand, driven by factors like token distribution, mining rewards, and the total supply cap of 10 billion QKC, also plays a pivotal role in shaping its market value. In essence, the price of QuarkChain is a reflection of its technological prowess, market dynamics, and the evolving landscape of the blockchain and cryptocurrency sectors.

For those interested in investing or trading QuarkChain, one might wonder: Where to buy QKC? You can purchase QKC on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.

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Current price:
All-time high:$4.88
All-time low:$0.001365

QKC supply and tokenomics

Circulating supply:7,055,433,000 QKC
Total supply:10,000,000,000 QKC
Max supply:0 QKC
Market cap:$61.49M
Fully diluted market cap:$87.16M
Tokenomics:

Uniqueness

The QuarkChain Network is a permissionless blockchain architecture that aims to meet global commercial standards. It aims to provide a secure, decentralized, and scalable blockchain solution to deliver 100,000+ on-chain TPS. The main features of the QuarkChain Network are:

  • Flexibility: QuarkChain is a public chain that can support multiple consensuses, multiple transaction models ( including virtual machines VMs), ledger, and token economics in one network. It can reportedly adapt to blockchain innovations by customizing consensus, transaction model (including VM), ledger, and token economics in each shard so that to satisfy different requirements of different industries/enterprises/DApps. The network supports two consensus algorithms, PoW and PoSW ( a combination of PoS+ PoW). More consensus algorithms (DPoS, PoS and etc) will be added into different shards in the future. It is EVM-compatible - every DApp deployed on Ethereum can be deployed in QuarkChain. The team plans to add more virtual machines (e.g. EOS VM) in different shards so that developers have more choices.
  • Scalability: QuarkChain aims to deliver 100,000+ on-chain TPS. Currently, 55000+ peak TPS has already been achieved in TPS competition held within the community
  • Decentralization: QuarkChain has a two-layered structure and encourages individual miners with different levels of capability to mine directly without joining mining pools. People can choose to mine either in the root chain or in the shard.
  • Great Usability: QuarkChain supports Native token which enables each shard to have its own tokeneconomics. It also supports scalable cross-shard transactions. Only one account is required to access entire resources in all shards, and smart wallets simplify the management.

Token utility

QuarkChain focuses on high throughput transactions and Turing complete smart contracts by combining a two-layer blockchain and sharding technology on top of the Ethereum Virtual Machine. QuarkChain aims to build a high throughput blockchain targeting 10,000 transactions per second. To accomplish this the team is building a multi-layer blockchain that leverages sharding. It runs using the Ethereum Virtual Machine and like Ethereum targets general purpose smart contract applications. Currently, the project uses a placeholder ERC-20 token and will complete a token swap during a planned mainnet launch in late 2019.

Links

Buy QuarkChain for $1Buy QKC now

What is the development prospect and future value of QKC?

The market value of QKC currently stands at $61.49M, and its market ranking is #519. The value of QKC is not widely recognized by the market. When the bull market comes, the market value of QKC may have great growth potential.

As a new type of currency with innovative technology and unique use cases, QKC has broad market potential and significant room for development. The distinctiveness and appeal of QKC may attract the interest of specific groups, thereby driving up its market value.

What will the price of QKC be in 2025?
Based on QKC's historical price performance prediction model, the price of QKC is projected to reach $0.01290 in 2025.
What will the price of QKC be in 2030?
In 2030, the QKC price is expected to change by -19.00%. By the end of 2030, the QKC price is projected to reach $0.01410, with a cumulative ROI of +78.14%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of QKC and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is QKC worth investing or holding? How to buy QKC from a crypto exchange?

If you want to buy QKC, the following information may be helpful for your investment decisions:
In the last seven days, the price of QKC has risen by 4.21%, leading to positive returns for most QKC investors. The market is currently optimistic about the price trend of QKC.
It is important to note that the current price of QKC has retreated by -99.82% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether QKC is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in QKC or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of QKC, if you want to buy or sell QKC, you can consider Bitget for your trading needs. The best place to buy QKC is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in QuarkChain has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy QuarkChain. Here's a step-by-step guide on how to buy QuarkChain on Bitget.

How to get QuarkChain through other methods?

Using cash to buy QuarkChain is not the only way to obtain QuarkChain. If you have the time to spare, you can get QuarkChain for free.
Learn how to earn QuarkChain for free through the Learn2Earn promotion.
Earn free QuarkChain by inviting friends to join Bitget's Assist2Earn promotion.
Receive free QuarkChain airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to QuarkChain through Bitget Convert, Bitget Swap, or spot trading.

What is QuarkChain used for and how to use QuarkChain?

The use case of QuarkChain may expand as the crypto market and the project itself develop. Currently, you can use QKC to achieve the following goals:
Arbitrage by trading QKC: Since QKC is a frequently traded cryptocurrency, the price of QKC is always fluctuating. Earn more QKC by buying low and selling high on the exchange. Bitget spot market provides a variety of QKC trading pairs to fully meet your needs.
Earn by staking QKC: You can also generate income through financial management methods such as staking QKC or lending QKC. Bitget Earn offers a variety of financial products designed to help you earn more income from your QKC.
Send or pay QKC: If you want to give QKC to your friends, a charity, or a fundraiser, or you want to pay someone with QKC, you can quickly and easily send QKC to the recipient through their payment address.
You can also go to the official website of the QuarkChain project to learn more about the use cases of QKC. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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