The QKC price update as of now is $0.01633. In the previous 24 hours, its trading volume was $237,173,634, and its value has increased by 46.83%. As of now, QKC's live market cap is $155,097,291, and it is ranked as the #327 on the Coincu. QKC has a circulating supply of 10,000,000,000 and a maximum supply of 10,000,000,000.

Understanding QuarkChain: A High-Performance Peer-to-Peer Network

 

QuarkChain is a cutting-edge peer-to-peer network designed to achieve an impressive processing capacity of over 100,000 TPS (initially more than a million, but the number was reduced due to changes in project advertising strategy). The network's unique design and efficient data-distribution structure, including the use of sharding, enable it to meet global commercial standards, prevent congestion, and deliver exceptional performance in scenarios that demand flexibility and speed. QuarkChain aims to become a high-throughput platform catering to various applications, including distributed social media, high-frequency trading, IoT, payments, and gaming.

 

Key Features of QuarkChain

• Reshardable two-layered blockchain: QuarkChain utilizes a two-layered blockchain model. The first layer comprises sharding blockchains or shards, while the second layer functions as the root blockchain. The root blockchain verifies the blocks from the first layer without being impacted by resharding.
• Market-driven collaborative mining: To ensure the security of transactions, QuarkChain adopts game theory incentives. 50% of the hash power is allocated to the root chain, effectively preventing the occurrence of double spending on transactions.
• Anti-centralized horizontal scalability: Many high TPS blockchains suffer from expensive super-full nodes, leading to centralization of mining. QuarkChain addresses this concern by enabling multiple inexpensive nodes to form a super-full node network.
• Efficient cross-shard transactions: QuarkChain ensures swift cross-shard transactions that can be confirmed within minutes and initiated at any time. The speed of these transactions depends on the number of shards present in the network.
• Turing-complete smart contracts: QuarkChain supports turing-complete smart contracts and the Ethereum Virtual Machine (EVM). This allows for seamless migration between EVM dapps and the QuarkChain platform. Consequently, any dapp built on Solidity and requiring higher throughput can effortlessly transition to the QuarkChain platform.

For more information, CLICK HERE