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.
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 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.
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.
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.