ICO of the project - 2017
Token standard – ERC20 Ethereum
Listing - https://coinmarketcap.com/currencies/quarkchain/markets/
Market capitalization – $4 479 097 USD
Total emission – 5 726 747 032 QKC
In circulation - 2 360 182 767 QKC
Coinmarketcap rating - № 384
Maximal token price over the time - $0,341594 USD
Minimal token price over the time - $0,001365 USD
Website of the project - https://quarkchain.io
Facebook - https://www.facebook.com/quarkchainofficial/
Telegram - https://t.me/quarkchainio
Twitter - https://twitter.com/Quark_Chain
QKC cruptocurrency review
Quark Chain Network – is a complex multi-ecosystem. Thanks to its platform, it unites around 70 high-quality projects, including systems of data and information, financial and industrial services, DApps, entertainment and games, and many other projects. This ecosystem comprises global community of more than 100 000 people all around the globe.
This is an international diversified team, comprising engineers with extensive work experience in large distribution systems, professors from the high-class universities, business developers with long-standing experience in entrepreneurship, as well as the community of marketers and experts with deep comprehension of technologies.
The foundation of concept, designed by project developers, is based on solution of the most acute technological issues, that are typical for all the modern blockchains – that is, maximal increase of productivity (scalability) of the project without detriment to security and decentralization.
In order to implement the concept, the developers of QuarkChain decided to use several modern technologies, that we are going to discuss further.
So, the project’s platform is built on two-layer blockchain (RTB) architecture, where the first level is aimed at enhancing the bandwidth, and the second layer is aimed at enhancing the security of transactions.
- Enhancement of TPS of the network is achieved due to use of sharding, that reinforces the scalability of data clusters through their fragmentation with withdrawal to external servers.
In testing environment the project has already managed to reach indicator of more than 14 thousand transactions per second.
In perspective, it is planned to achieve the indicators within the range from 100 thousand to 1 million TPS.
2. Enhancement of transactions’ security is achieved by means of Root Blockchain, that is required for confirmation of blocks.
Achievement of transactions’ consensus is enabled due to hybrid use of PoW an d PoS algorithms. According to the roadmap of the project, in 2020 it is to completely shift to full utilization of PoS algorithm only.
Besides, DAG technology is applied, that stands for Directed Acyclic Graph, allowing the project to use the very best properties of BitCoin and Ethereum blockchains, while introducing own technical solutions and accomplishing the increase in speed and reliability of transactions, along with simplification of mining.
Regarding the latter – mining – we can add that QuarkChain works on Ethash algorithm, meaning that it is perfectly mined on video cards AMD and ASIC.
Additionally, we can note the work on platform’s improvement and simplicity of use due to integration of Multi-VM – virtual Ethereum environment for conduction of smart-contracts. This solution allows decentralized apps (DApps) to be deployed on the platform QuarkChain.
The ICO of the project was conducted on 2-3 June, 2018 and collected $ 20 000 000 USD.
QKC coin on ERC-20 Ethereum standard became the project’s token.
Total emission of the token is 10 000 000 000 QKC.
To date, there are 2 360 182 767 QKC in circulation.
The highest market price of QKC tokens was fixed on 05th of January, 2018 and amounted at $0,341594 USD per token.
The lowest market price of a token was fixed on 13th of March, 2020 and was equal to $0,001365 USD per token.
QKC token passed the listing on exchange platforms, among which there are Inanomo and it’s most often traded in the following pair combinations QKC/BTC, QKC/ETH .