Check out BlockchainBrad’s EXCLUSIVE interview with Quarkchain founder, Qi Zhou, about a NEW permissionless super fast horizontally scalable commercial grade blockchain. Secure, decentralised, fast, super scalable and efficient blockchain. It has a CLEAR roadmap to achieve 1 million tps and more. This is entirely possibly through its horizontal scaling mechanism.
Technology:
Two Layer Design
The QuarkChain consists of two layers of blockchains. We apply elastic sharding blockchains (shards) as the first layer, and a root blockchain that confirms the blocks from the shards as the second layer.
Cross-shard transactions
Cross-shard transactions can be issued at any time, and confirmed in minutes. The throughput of cross-shard transactions increases linearly as the number of shards increases.
Market driven collaborative mining
We designed a game theoretic framework for incentives, where hash powers are incentivized to distribute evenly among shards. There are at least 50% of overall hash power allocated to the root chain to prevent double spending attack.
Horizontal scalability
Because a super-full node can be extremely expensive when TPS goes high, we allow multiple honest nodes forming a cluster running as a super-full node.
Simple account management
There is only one account needed for all shards. All cryptocurrencies from different shards are stored in one smart wallet.
Links:
https://quarkchain.io/
WP
https://quarkchain.io/quark.pdf
Medium
https://medium.com/@quark_30920
Twitter
https://twitter.com/Quark_Chain?lang=en
Disclosure:
I invested in Quarkchain, meaning I bought Quarkchain Tokens in the pre sale & thus I support its long term utility. This is not a sponsored video in anyway. I don’t take payment for videos and never will. This was my own personal investment. I do several reporting videos without investment interests, but in this case I decided to invest.
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