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      "body": "<html>\n<p><img src=\"https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSEm56yJ8KA5PRRt7EBsUS57t1L8PkqotM-HZ70010f8iqOdZgVaw\" width=\"393\" height=\"128\"/></p>\n<p><strong>PROJECT OVERVIEW</strong></p>\n<p>&nbsp;QuarkChain is a blockchain that utilizes sharding to provide a high-capacity peer-to-peer transactional system. It will consist of two main layers – the sharding layer, which allows for high throughput by effectively distributing data, and the Root layer, which serves to confirm the blocks of the first. &nbsp;QuarkChain is planning on providing the world with a decentralized transaction system that will manage to provide a perfect balance of scalability and security, the project is going to make use of a number of innovative techniques in order to make this possible and provide the world with a much faster and more transparent transaction platform. &nbsp;The main features of Quarkchain are:</p>\n<p>1. <strong>Reshardable two-layered blockchain:</strong> Quarkchain consists of two layers of blockchains. We apply elastic sharding blockchains (shards) as the first layer, and a root blockchain as the second layer that confirms the blocks from the first layer. The second layer that confirms the blocks from the first layer. The second layer is flexible to be resharded as needed without changing the root layer.</p>\n<p>2.<strong> Guaranteed security by market-driven collaborative mining</strong>: To ensure the security of all transactions, a game-theoretic framework is designed for incentives, where at least 50% of overall hash powers are allocated to the root chain to prevent double spending attack on any transactions.</p>\n<p>3. <strong>Anti-centralized horizontal scalability</strong>: In any blockchain network with a high TPS, a super-full node can be extremely expensive, which encourages centralization. In contrast, QuarkChain allows multiple cheap nodes forming a cluster to replace a super-full node.</p>\n<p>4. <strong>Efficient cross-shard transactions</strong>: Cross-shard transactions in QuarkChain can be issued at any time, and confirmed in minutes. The speed of cross-shard transactions increases linearly as the number of shards increases.</p>\n<p>5. <strong>Simple account management</strong>: There is only one account needed for the entire blockchain (shards) in QuarkChain. All cryptocurrencies from different shards are stored in one smart wallet.&nbsp;</p>\n<p><strong>PROJECT PROGRESS</strong></p>\n<p><img src=\"https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcR7vpRE9YG_T3eTsrHA6aKI908YSZ-0NermGPreuYbHzPQMi9hlOA\" width=\"278\" height=\"181\"/></p>\n<p>&nbsp;&nbsp;&nbsp;&nbsp;</p>\n<p>&nbsp;The QuarkChain project is quite ambitious and is being led by a capable team that consists of personnel with relevant skillsets and a good grasp on software thanks to their career backgrounds. The advisory team has a good mix of talents, all of its members have decent business development experience, impressive software related backgrounds and two of them are experienced blockchain investors as well. &nbsp;QuarkChain currently has a private testnet live that is operating with 8 sharded blockchains with each shard performing 100 to 200 transactions per second (TPS). The total TPS for the network currently ranges from 1000 to 2000+ transactions per second.&nbsp;</p>\n<p><br></p>\n<p>TEAM</p>\n<p><a href=\"https://www.linkedin.com/in/qi-zhou-9a668715/\">Qi Zhou</a> is Founder and CEO of QuarkChain. He has software engineering experience with the likes of Google, Facebook, and EMC, where he developed sharding and clustering solutions. Qi holds a PhD from Georgia Tech in Electrical and Computer Engineering.<a href=\"https://www.linkedin.com/in/yaodong-yang-37804817/\">Yaodong Yang</a> is a Research Scientist with the QuarkChain ICO. He is the Cofounder of Demo++, a startup incubator. He is also a Prof. at Xi’an Jiaotong University and holds a PhD in Engineering from Virginia Tech.<a href=\"https://www.ece.gatech.edu/faculty-staff-directory/xiaoli-ma\">Xiaoli Ma</a> is also a Research Scientist with QuarkChain. She currently serves as a professor at Georgia Tech and is an Institute of Electrical and Electronics Engineers Fellow.<a href=\"https://www.linkedin.com/in/yazhenxiang/\">Anthurine Xiang</a> serves as CMO. For the last 4 years Anthurine has worked in Silicon Valley, with companies such as LinkedIn, Chartboost, Beepi and Wish. She holds an MSE in System Analysis and Economic Management from Johns Hopkins University.Below is a list of the advisors working with QuarkChain:</p>\n<ul>\n  <li><a href=\"https://www.linkedin.com/in/betashow\">Leo Wang</a> – Head of PreAngel VC and prolific crypto investor</li>\n  <li><a href=\"https://www.linkedin.com/in/mlmilleratmit/\">Mike Miller</a> – Liquid2 Ventures, Founder and Chief Scientist at IBM Cloudant</li>\n  <li><a href=\"https://www.bloomberg.com/profiles/people/18728854-bill-moore\">Bill More</a>– Founder/CEO of DSSD,<a href=\"https://www.crunchbase.com/organization/dssd#section-overview\"> later acquired by EMC</a></li>\n  <li><a href=\"https://en.wikipedia.org/wiki/Arun_G._Phadke\">Arun Phadke</a>– Professor Emeritus of Electrical Engineering at Virginia Tech</li>\n</ul>\n<p>As the project progresses, QuarkChain are adding new members to the team.</p>\n<p><strong>ROADMAP</strong></p>\n<ul>\n  <li><strong>Q1 2018 &nbsp;– White paper and developing verification code 0.1 proof of concept</strong></li>\n  <li><strong>Q2</strong> <strong>2018</strong> – Release verification code 0.2 and implement Testnet 0.1 with Wallet 0.1.\n    <ul>\n      <li>Testnet 0.1 supports basic transactions including both in-shard and cross-shard transactions</li>\n    </ul>\n  </li>\n  <li><strong>Q3</strong> <strong>2018</strong> – Release Testnet 0.2 and Wallet 0.2.\n    <ul>\n      <li>Testnet 0.2 supports further features such as smart contracts, reshard, etc.</li>\n    </ul>\n  </li>\n  <li><strong>Q4 2018</strong> – Release of QuarkChain Core 1.0, Mainnet 1.0, together with Smart Wallet 1.0\n    <ul>\n      <li>Core 1.0 will provide basic functionality and basic optimization (e.g. GPU support) for QuarkChain.</li>\n    </ul>\n  </li>\n  <li><strong>Q2 2019 – Release of QuarkChain Core 2.0, Mainnet 2.0, together with Smart Wallet 2.0</strong></li>\n</ul>\n<p><strong>CONCLUSION&nbsp;</strong></p>\n<p><strong>- </strong>&nbsp;With &nbsp;an active presence on social media and its Telegram The project has a very large following, the development team communicates frequently with the community through all channels. It currently has over 84k members on Telegram.</p>\n<p><strong>-</strong> &nbsp;A development team with an impressive background in software development, the advisory team offers a satisfactory mix of relevant talents as well.&nbsp;</p>\n<p><strong>- </strong>&nbsp;The project has already released the initial version of its TestNet and its verification code, and more updates are lined up.&nbsp;</p>\n<p><strong>-</strong> &nbsp;QuarkChain integrates with Solidity, which is by far the most popular language used to program dApps. For those dApps built on Ethereum that need a high throughput, it will be easy to port over to QuarkChain, providing a low barrier of entry to adapt the platform.&nbsp;</p>\n<p>&nbsp;&nbsp;&nbsp;This is Absolutely one of the best Projects of the Year considering what they have achieved and what they intend on continuing to achieve. With a public Testnet already live and operating on over 2000k TPS The sky is the stepping stone for this Project.</p>\n<p><br></p>\n<p>&nbsp;</p>\n<p><strong>For more information about the ICO, please visit the following links:</strong></p>\n<p>Website : Quarkchain.io</p>\n<p>Whitepaper : quarkchain.io/quark.pdf</p>\n<p>&nbsp;Blog : medium.com/@quark_30920</p>\n<p>&nbsp;Telegram: t.me/quarkchain.io</p>\n<p><br></p>\n</html>",
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  "timestamp": "2017-11-11T11:44:42",
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      "author": "beckleys",
      "body": "![cryptography-world-and-cryptocurrencies-1024x1024.jpg](https://steemitimages.com/DQmTTwgiBs14ZwvxugiWGmubeAUbLtcXDhwvMnQofijovTb/cryptography-world-and-cryptocurrencies-1024x1024.jpg)The most interesting aspect of the cryptocurrency industry is the many mainstream applications the technology can be used for. Launching a cryptocurrency startup requires a product-design perspective to identify what processes in society can be optimized with blockchain. Entrepreneurs are currently rushing into this surging field\nwith blockchain products and have triggered a flood of ICO funding. The CEO of Credit Suisse went on record November 2, 2017, stating that people are\ninvesting in Bitcoin purely to make money, and while a large percentage of the public has seen the quick rise in value for Bitcoin and blockchain, most do not\nunderstand its underlying potential. As entrepreneurs continue to launch mainstream applications of the technology, public perception of blockchain will inevitably change, fostering wider adoption. Since this is an emerging market with low barriers of\nentry, entrepreneurs need to take a careful look at the current wave of cryptocurrency startups and try to understand what makes the best ones successful. Here are some of the more innovative mainstream products entrepreneurs are developing with blockchain technology.\n\n1. Investments![stack-of-coins-and-clock-hands-picture-id589583420.jpeg](https://steemitimages.com/DQmSsysd6RB5A75HD7ug9iYkdENkdAhcSzJaQYySmgB68K7/stack-of-coins-and-clock-hands-picture-id589583420.jpeg)\nMost people do not build wealth solely from theirvsalary. In order to achieve true  wealth financial freedom, they need to understand that investing is critical for their success — and have access to quality investment options. Blockchain’s decentralized system allows developers to create financial tools that diversify power and eliminate overhead, making it easier to empower success in finance. REALISTO utilizes smart contracts to give investors more control while investing in real estate . Because of the highly diverse international markets, laws and networks, it can be difficult to imagine investing in real estate outside of your local market. This platform helps people across\nthe globe invest in real estate without worrying about being defrauded. The platform also allows investors of any size tovmanage investments in real estate, which strips away the typical barrier-of-entry capital requirements.\n\n 2. Payment processing![double-exposure-of-businessman-using-the-tablet-with-cityscape-picture-id611747524.jpeg](https://steemitimages.com/DQmZ5TTjNLan4isarzn34xinu4G9NouuTqs8phDYUPdwm7d/double-exposure-of-businessman-using-the-tablet-with-cityscape-picture-id611747524.jpeg)\nSome of the biggest limitations for cryptocurrencies are the lack\nof available options for consumers to actually utilize the currency. Overstock.com\nbecame one of the first major retailers to begin accepting Ethereum for payment, and has been a major positive force for the crypto industry.vOnce more retailers start accepting the currency and easy payment processing is developed, consumers will see more value in possessing the currencies. Dether has been making a push to develop a network of Ethereum ATMs that will allow people to buy and sell Ethereum with near-instant access to funds. This ability tovquickly move value between\nEthereum and a national currency allows more retailers to accept the coin for\npayments. With greater accessibility to cryptocurrencies, the mainstream market will bevable to truly use their money and not simply try to make money off of the technology.\n\n3. Wealth management![financial-concept-business-and-money-picture-id494940062.jpeg](https://steemitimages.com/DQmdtx2UafyRD5p1WtpsiFSVWitZJDJPdzKosfbwRTB5Z9Y/financial-concept-business-and-money-picture-id494940062.jpeg)\nWall Street has earned a negative reputation because of the influence investment\nbanks and hedge funds have on financial markets and how exclusive these wealth-\nmanagement entities are. One way to combat this trend of economic disparity is to\ndevelop rival exchanges, banks and hedge funds utilizing blockchain technology. A number of entrepreneurs have been pushing this aspect of potential products, displaying enormous potential. Turing Capital, founded by entrepreneur Michael Karnjanaprakorn, has raised over $1 million to invest in\nvarious cryptocurrency assets. Since many individuals are not able to conduct financial\nanalysis themselves, it can be advantageous to invest with an expert initially. Funds such as Turing Capital will likely encourage more risk-averse investors to enter the\ncryptocurrency industry.\n\n4. Security applications\nAfter the collapse of Mt. Gox in 2014 due to a hacking incident, security concerns\nhave overshadowed the potential of cryptocurrency. While these applications\nrequire a strong understanding of security, software and the potential weak points in crypto networks, it boils down to this: If you are able to improve the security of blockchain networks, then you are able to create massive amounts of value for consumers. No matter what products are unleashed for optimizing digital security, there will always be a need for better and more secure versions of the products. Since cryptocurrency lacks the backing of government insurance programs and holds massive amounts of wealth in digital form, people place enormous importance on security.\n\nFinal thoughts\nEntrepreneurs of all ages need to begin looking at blockchain as a technological building block, as disruptive in its field as Uber or virtual reality . These technologies all have unique elements that make them advantageous, but mainstream market adoption relies on successfully making consumer-friendly products. Take a look at where society can be improved with decentralized, secure networks and figure out ways to offer value for consumers via blockchain.",
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  "op_in_trx": 0,
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      "author": "beckleys",
      "body": "![bitcoin-2921930__340.jpg](https://steemitimages.com/DQmRaqV4Dto5WBUpXeYzATANPmmQcxpH9bNj8Dvg7GWBCzd/bitcoin-2921930__340.jpg)Fiat currencies will no longerbe in use in five year’s time as they are to be replaced by cryptocurrencies, according to American venture capitalinvestor Tim Draper who has 30,000 bitcoins in his digital wallet.At the WebSummit conference in Lisbon, Portugal, he told\nForbes the fiat system will eventually disappear as people look toward coins like bitcoin or ethereum. He says its because fiat currencies are bound by country borders. “In five years, if you try to use fiat currency they will laugh at\nyou. Bitcoin and other cryptocurrencies will be so relevant … there will be no reason to have the fiat\ncurrencies,” he said. An unabashed promoter of cryptocurrencies, Draper said\nhe fell in love with bitcoin not long after it was introduced in 2009. He bought 30,000 coins in 2014 (at about $600 each);\nthey are now valued at over $214 million.\n“This is the greatest technology since the internet,’’ said the investor. “This is a sociological transformation, it’s a movement.’’ He also said that bitcoin will\ndivide the financial services industry, at least initially. \n     “There will be a few who embrace it and jump out front and say, ‘This is important’ and then there are going to be those who jump back and say, ‘I’m going to cling to the past, and I’m going to hold onto\neverything I’ve got.’ And you know who wins then,” \n Drapersaid. \n    “It’s always progress, it’s always technology.’’\n   Talking at the conference, hesaid investors should thoroughly study who’s\nrunning the ICOs and whether their business plans seem legitimate.“I take huge risks,’’ the businessman said, adding\n“I lose my money 60 percent of\nthe time.’’\nDraper has rejected the possibility of the\ncryptocurrency market imploding like the dotcom boom in the late ‘90s, saying :\n   “people are always\ngoing to say there’s a problem, and that usually means there’s a lot more upside.”\n   The founder of the Silicon Valley VC firm Draper Fisher Jurvetson, Draper has led\ninvestments in Twitter, Skype and Tesla before turning his attention to cryptocurrencies.\n    The price of bitcoin is down more than 8 percent today, continuing losses that began after the cryptocurrency\nslipped below the $7,000 level. Markets have fallen to as low as $6,475.40, according to the CoinDesk Bitcoin Price Index ( BPI ), the lowest level reported since Nov. 1 (when they traded between $6,357 and $6,750.17). The move below\n$7,000 marked a reversal of the market gains seen earlier this week that pushed the price of bitcoin close to\n$7,900.",
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      "author": "yanching",
      "body": "Bitcoin  is a untamed horse which will be less volatile after CME provides Bitcoin derivative exchange and then its price may rocket.",
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      "author": "discernente",
      "body": "I believe natural selection applies to cryptocurrencies too. The best ones tend to survive, and the worsts and updated to die.",
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