QuarkChain price is $0.01025689
| Market Rank | #604 |
|---|---|
| Market Cap | $ 72.6M |
| Volume 24h | $ 6.0M |
| Circ. Supply | 7.1B |
| Total Supply | 10.0B |
| Max Supply | ? |
QuarkChain is currently priced at $ 0.01025689. Like other cryptocurrencies, its value can change rapidly. Please check this page or visit our website to keep up-to-date on its current price.
QuarkChain is a decentralized, scalable, permission-less, and secure blockchain. It leverages sharding technology to potentially achieve more than 1 million transactions per second (TPS). The blockchain platform is designed to offer fast, secure decentralized applications.
One of its key features is encouraging increased decentralization through inexpensive nodes that come together to perform as super-full nodes. This mitigates the high costs traditionally associated with super-full nodes when the TPS rises. To help ensure transaction security, QuarkChain places all transactions under the watch of 50% of the network's hash power. This makes double-spending attacks incredibly difficult, enhancing the blockchain's security and trustworthiness.
The team behind QuarkChain has orchestrated the development of this blockchain to address the issue of scalability, a primary concern present across many major blockchains today. The project's development began in 2017 with research into the scalability problem, followed by the drafting of a whitepaper in Q4 of the same year. Over the years, the team has been releasing new versions of the QuarkChain Core, testnet, and SmartWallet.
QuarkChain operates on a two-layer blockchain structure. The first layer comprises of sharding blockchains known as shards. The second layer is a root blockchain, which affirms the shards' blocks.
The two layers combined allow QuarkChain to offer a high degree of scalability. Due to its sharding technology, QuarkChain extends the potential utility of blockchain technology significantly as it allows applications to break free from the scalability restrictions that exist on other blockchain networks.
Several key features make QuarkChain unique. These include:
Reshardable two-layered blockchain - This is composed of two layers - a sharding layer that can be resharded as necessary, and a root layer that confirms the blocks from the first layer.
Market-driven collaborative mining - It uses a game-theoretic framework for incentives and guarantees security for all transactions by allocating at least 50% of the overall hash power to the root chain.
Anti-centralized horizontal scalability - QuarkChain promotes decentralization by allowing cheaper nodes to form a cluster and act as a super-full node, instead of relying on a costly single super-full node.
Efficient cross-shard transactions - It allows cross-shard transactions to be issued at any time and be confirmed in minutes.
Simple account management - QuarkChain allows users to manage all cryptocurrencies from different shards with one smart wallet.
As of now, QuarkChain's market capitalization rank is #605, and its market capitalization is $ 72.6M. QuarkChain's circulating supply is 7.1B, while its total supply is 10.0B.
QuarkChain (QKC) is available for purchase on Binance, CoinEx, Gate.io. It's essential always to use caution when buying cryptocurrencies and to choose reputed exchanges for transactions.
Over the last 24 hours, the price of QuarkChain (QKC) has increased by +3.64%. The 24-hour trading volume stands at 6.0M.
Ethereum
Ellipsis
MaidSafeCoin
SafePal
Bounce
DeFi Land
Dero
Klever
Somnium Space CUBEs
Theta Network
Loopring
Ethereum Classic
Maker
KuCoin Token
Bitcoin Cash
Helium
Enjin Coin
Alchemist Accelerate
Free Speech
SUI Desci Agents
Corgi Inu
Industry Sonic
Claude 2
Druid AI
Red Siberian Husky
Live Prices, Widgets, Alerts, Portfolio, Apple Watch app
