QuarkChain (QKC) is in the top 1,000 cryptocurrencies in the world by market cap, valued at $74,823,093. The current price of QuarkChain is $0.0110028863, which is -5.352% lower than yesterday. Prices have ranged between $0.01262437 and $0.01094937 over the past 24 hours. All prices are listed in US dollars and accurate as of February 08, 2023 11:02 UTC.
Quarkchain price chart
Price over the past month
What is Quarkchain?
A lack of scalability is perhaps the biggest obstacle standing between blockchain and mainstream adoption, and there’s a long list of crypto projects focused on solving this widespread problem.
QuarkChain’s solution to the problem is based on a 2-layer architecture and employs sharding. The first layer features elastic sharding blockchains (shards), which partition large databases into smaller and more manageable components and allow transactions to be processed independently. The more shards there are in the network, the more transactions can be processed concurrently.
The second layer is the root chain. The role of this layer is not to actually process transactions but to confirm blocks from the sharded chains. The end result is "a secure, decentralized and scalable blockchain solution to deliver 100,000+ on-chain transactions per second", according to the project whitepaper.
The aim is for QuarkChain to be able to support a wide range of dapps, particularly those requiring high transaction rates, such as the Internet of Things (IoT), artificial intelligence and large-scale games. QuarkChain also supports smart contracts to ensure compatibility with existing dapps.
QuarkChain’s native token, QKC, was launched during a May 2018 ICO and is needed to transact value in the QuarkChain system and reward miners.
Quarkchain at a glance
Basic stats for Quarkchain
#354
$75 M
10 B
7 B
Qi zhou
Dragonvein
Knit finance
Cryptocurrency
Digital currency
Utility token
Quarkchain
Quarkchain news
Ethereum: Two Key Updates for 2023
Robinhood board gives nod to buy Sam Bankman-Fried's $578M stake
Quarkchain performance over time
Quarkchain fundamental and technical analysis
Time frame
Movement
1 day
5.35%
1 week
19.30%
1 month
53.35%
2 months
29.89%
200 days
11.11%
1 year
38.43%
Social activity for Quarkchain
Similar assets
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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