QuarkChain is a flexible, scalable, and user-oriented blockchain by applying state sharding technology.
QKC is the native token of QuarkChain. The current use cases for QKC include:
Network Maintenance: An incentive for computational work done (mining) to maintain the network
Gas Fee: Required to make transactions on the QuarkChain network
Governance: For important decisions to be made in the QuarkChain ecosystem
The project consists of the following major components working in conjunction:
State-sharding: QuarkChain is able to support multiple transaction models, various consensus algorithms, different ledgers, and even multi tokens economics in one network.
2 Layered Architecture: QuarkChain has a two-layered structure and encourages individual miners with different levels of capability to mine directly without joining mining pools. The network achieves scalability without great expense as transactions can be processed by multiple cheap nodes forming a cluster.
PoSW Consensus: proof of staked work consensus, is exclusively developed by QuarkChain and runs on different shards. PoSW is a combination of PoW and PoS and allows miners to enjoy the benefits of lowering the mining difficulty by staking original tokens.
EVM-compatible: QuarkChain is EVM-compatible and supports scalable cross-shard transactions. Only one account is needed to access all resources on all shards.
As of January 4th, 2023, the maximum and total token supply of QKC tokens is 10,000,000,000. The current circulating supply is about 6,399,906,497 (~64.00% of the total token supply).
A Flexible, Scalable, And User-Oriented Blockchain Based On State-sharding Technology.
Jan 4th, 2023