QuarkChain
Current price
$0.002372
−6.87%24h
LiveUpdated 37s ago
TodayQuarkChain drops 6.9%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour+0.81%
- 24 hours−6.87%
- 7 days−12.99%
- 30 days−3.38%
- 1 year−56.45%
QuarkChain's move in context
Lagging the market today
−6.87% today against −3.26% for the market as a whole, a gap of 3.6 points. A gap this wide suggests something specific to QuarkChain may be moving it, not just the market mood.
Part of a slide
−13.0% over 7 days and −3.4% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About QuarkChain
Overview
QuarkChain is a high-throughput blockchain architecture designed to address the challenges of scalability and performance in the evolving cryptocurrency landscape. The core mission of QuarkChain is to provide a secure and accessible platform that can enable thousands of transactions per second, making it suitable for various applications including decentralized finance (DeFi), gaming, and more. One of QuarkChain’s distinguishing features is its two-layer structure, which consists of a main chain and multiple shard chains. This innovative architecture allows for parallel processing of transactions, thereby significantly increasing overall network efficiency and throughput.
Technical Features
QuarkChain employs a unique consensus mechanism known as "Proof of Work and Proof of Stake Hybrid" to ensure the security and integrity of transactions across its network. This hybrid model balances the energy efficiency of proof of stake with the robust security of proof of work. In terms of network architecture, QuarkChain’s sharding technology divides the blockchain into smaller, manageable pieces, or shards, each capable of processing transactions independently. This not only enhances transaction speed but also reduces the load on any single node. Additionally, QuarkChain utilizes a unique algorithm called "Dynamic Sharding," which enables the network to adaptively manage its shards based on traffic demand and transaction volume, enhancing flexibility and performance.
Use Cases
QuarkChain has a diverse range of use cases that highlight its versatility and capability as a blockchain platform. In the realm of decentralized finance (DeFi), QuarkChain can facilitate instant and low-cost transactions, enabling various financial applications such as lending, borrowing, and stablecoin issuance. Through its support for smart contracts, developers can create and deploy decentralized applications (DApps), making it attractive for developers looking to innovate in the blockchain space. QuarkChain also aims to support non-fungible tokens (NFTs), allowing for the creation and trading of unique digital assets. Additionally, it can serve as a solution for cross-border payments, providing a secure and efficient way to transfer value across different jurisdictions.
Development Background
Launched in 2018 and founded by a team of experienced blockchain professionals, QuarkChain has garnered significant attention within the blockchain community. The whitepaper was released detailing its visionary approach to addressing blockchain scalability challenges. Among its notable contributors is a team with extensive backgrounds in both the technology and finance sectors. Since its inception, QuarkChain has experienced several major milestones, including the successful launch of its mainnet and various partnerships aimed at enhancing its technology and expanding its ecosystem.
Community and Ecosystem
The QuarkChain ecosystem boasts a vibrant community of developers, supporters, and users. Various partnerships with companies in the blockchain space have helped enhance its technological offerings and broaden its market reach. Furthermore, QuarkChain's commitment to supporting developers has led to the creation of numerous applications and projects built on its platform. Regular hackathons and community engagement events encourage participation and innovation, fostering a collaborative atmosphere for growth within the ecosystem.
Future Potential
The future potential of QuarkChain is promising, given its cutting-edge technology and adaptable architecture. The platform is well-positioned to capitalize on the rising demand for scalable blockchain solutions, especially in the growing DeFi market. Upcoming features on its roadmap include enhancements to its smart contract capabilities, increased interoperability with other blockchains, and ongoing improvements to its sharding mechanism. As the global adoption of blockchain technology increases, QuarkChain’s role as a high-throughput network could become increasingly significant, paving the way for broader applications and integration into various sectors.
QuarkChain market
- Position by market cap among the coins we track.
- #331
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $17.6M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.002337High $0.00256
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $0.3388
- Now 1% of itReached 5 Jun 2018 · Needs +14,182% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 7.42B QKC
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 10B QKC
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- No limit listed
- The most coins that can ever exist. Some coins have no limit.
QuarkChain converter
1 QuarkChain = $0.002372
