QuarkChain (QKC) is a blockchain platform designed to tackle the key challenges of blockchain technology: scalability, security, and decentralization. It aims to support high-throughput transactions and Turing-complete smart contracts, making it suitable for a wide range of applications.
Key Features of QuarkChain
* Scalability through Sharding: QuarkChain employs sharding technology, where the network is divided into multiple smaller sections (shards). Each shard can process transactions independently, significantly boosting the network's overall transaction capacity (TPS - Transactions Per Second). Its goal is to handle over 100,000 transactions per second.
* Two-Layered Architecture: The platform utilizes a unique two-layered blockchain structure:
* Shard Chains: These are the first layer, where most transactions are processed, and smaller blocks are generated.
* Root Chain: This is the second layer, responsible for confirming blocks from the shards and ensuring the security of the entire network.
* Flexibility and EVM Compatibility: QuarkChain is a public chain that can support multiple consensus algorithms, transaction models, ledgers, and token economics within the same network. It's also compatible with the Ethereum Virtual Machine (EVM), allowing dApps built on Ethereum to easily migrate to QuarkChain.
* Decentralization Focus: QuarkChain encourages individual miners to participate directly in mining, even those with limited computing power, without necessarily joining mining pools. This approach helps maintain the network's decentralization.
* The QKC Token: QKC is the native token of the QuarkChain ecosystem. It's used for paying transaction fees, incentivizing network maintenance, and participating in the platform's governance. Initially an ERC-20 token on the Ethereum network, it transitioned to QuarkChain's own native token after the mainnet launch.
Does QuarkChain Have Its Own Blockchain?
Yes, QuarkChain has its own blockchain. It is not merely a token built on top of another blockchain (like Ethereum); instead, it is a complete, independent blockchain platform that achieves high scalability through its sharding technology. Its two-layered architecture (shard chains and root chain) firmly establishes it as a distinct and robust blockchain network.
In essence, QuarkChain is a pioneering blockchain that strives to solve the blockchain trilemma (security, decentralization, and scalability), making it an ideal choice for diverse applications such as gaming, payments, high-frequency trading, and IoT.
