Quarkchain Explained! Quest for 100k TPS!
Welcome to tonight's Quarkchain review video: Quarkchain Explained.
So first thing is first, what is quarkchain? It is a blockchain 3.0 that is focusing on high scalability and high throughput utilizing sharding.
QKC is fresh out of the ICO phase (May) has a testnet launched and currently trading on quite a few major exchanges.
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In tonight's video we go over the tech, check out the website, look at some price points and talk about some of the controversies surrounding the project.
-100k Transactions Per second ON CHAIN
-2 layer system - (Sharding divide and conquer processed in parallel)
-Sharding Layer- Elastic sharding of blockchain- breaks down the transactions/data and processes them in parallel- This allows for the high throughput
---This layer is flexible in that it can resharded without changing root layer.
-Root layer this confirms the blocks from the shards as the second layer.
-Quarkchain runs of full nodes and cluster of nodes
Disclaimer
As always, nothing I said in this video is financial advice as I am not a financial advisor nor do I pretend to be one. Everything said in this video and ALL videos are my own personal opinion and should be used as entertainment purposes ONLY (definitely not as financial advice). Always do your own research, just because one person says something on the internet does not make it true.
Any time you invest into a cryptocurrency it is a risk. You must make sure you are well versed before making any decisions with crypto investments. If in the event you do take the risk you must take sole responsibility for your actions.
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