About QuarkChain (QKC)
QuarkChain is a blockchain that proclaims specialization in building high throughput transactions and turing-complete smart contracts by integrating sharding technology and its two-layer blockchain on top of the Ethereum Virtual Machine. QuarkChain is powered by the $QKC token. The current price of QuarkChain is live-tracked on Binance.
Each block in the chain performs two essential functions. First, transactions must be executed and recorded in the ledger, which requires a large amount of data. Second, the results of the book transactions must be confirmed, and the blocks must be mined to provide the necessary difficulty to execute economically inefficient attacks.
In the QuarkChain network, these functions are divided into two separate layers. A series of small blockchains called shards, each of which handles a subset of all transactions. The network also contains a local blockchain that can validate transactions without processing them. Recovering transactions on the original blockchain is not economically feasible, which provides security. Also, more shards can be added to handle more transactions, thus providing scalability.
QKC is the native token of the QuarkChain ecosystem. The token is initially built as an ERC-20 token on the Ethereum network, with plans to migrate onto the QuarkChain network at the mainnet launch. While it remains an ERC-20 token, it is validated using Proof-of-Stake consensus. QuarkChain states that the intended use for the token is as a mode of payment between network participants, with a reported focus on fintech and gaming applications.
QuarkChain claims that it will use QKC to reward active community members that continuously contribute to the development of the QuarkChain ecosystem. QKC Coin price is available on Binance.
Investors include 8Decimal Capital, Bixin Capital, Fembushi Capital, Bitrise Capital, and many others. The QuarkChain ecosystem supports DApps like BNB Chain bridge, Chainlink, Ankr, MakerDAO, and others.
