Ecoer Logo
VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS0.00%
Net Worth
0.252USD
STEEM
0.585STEEM
SBD
0.000SBD
Own SP
3.754SP

Detailed Balance

STEEM
balance
0.585STEEM
market_balance
0.000STEEM
savings_balance
0.000STEEM
reward_steem_balance
0.000STEEM
STEEM POWER
Own SP
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Delegated Out
0.000SP
Delegation In
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Effective Power
3.754SP
Reward SP (pending)
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SBD
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sbd_conversions
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Account Info

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rank794,118
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sbd_seconds0
sbd_last_interest_payment1970-01-01T00:00:00
savings_sbd_last_interest_payment1970-01-01T00:00:00
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Withdraw Routes

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From Date
To Date
2019/05/15 11:05:57
authorsteemitboard
bodyCongratulations @plafka11! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@plafka11/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@plafka11) and compare to others on the [Steem Ranking](http://steemitboard.com/ranking/index.php?name=plafka11)_</sub> **Do not miss the last post from @steemitboard:** <table><tr><td><a href="https://steemit.com/japanese/@steemitboard/new-japanese-speaking-community-steem-meetup-badge"><img src="https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmRWbAjbeETEaqSPLcpwYX1JN5pZhdPffv4q6DaBs6xvZm/image.png"></a></td><td><a href="https://steemit.com/japanese/@steemitboard/new-japanese-speaking-community-steem-meetup-badge">New japanese speaking community Steem Meetup badge</a></td></tr></table> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!
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2018/06/16 08:45:30
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2018/05/27 16:37:27
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2018/05/15 10:57:33
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2018/05/15 10:56:30
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2018/05/15 10:55:00
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2018/05/15 10:32:15
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2018/05/15 10:00:06
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2018/05/15 09:59:57
authorplafka11
body<center>![1_IpcsJRJWxPiwPeu1TtUMWA.png](https://steemitimages.com/DQmYnj31qetH6GyEjsGvF5GKMj4aV44FSYLJ6BvpNLaeEkQ/1_IpcsJRJWxPiwPeu1TtUMWA.png)</center> Mass adoption is frequently used phrase in conversations among crypto user and trader, but currently, there is no blockchain that can handle mass adoption. Mass adoption means there will be a lot of transactions in the shortest timeframes. Currently, Bitcoin (BTC) can handle around 5 transactions per second (TPS) and Ethereum (ETH) around 20 TPS. Payment system VISA claims to have 56,000 TPS while Alipay has reached 200 000+ peak TPS in November 2017. If we want mass adoption to happen, we need to build a blockchain that can handle more transactions than VISA and Alipay with no (or little) tradeoffs for security or decentralization. **Quarkchain** claims that will build this kind of blockchain. Currently, on the testnet they are handling 2,280 TPS which is already 100 times more than Ethereum and they are planning to increase that number to more than 1,000,000 TPS. <center>![NgmTKnz.png](https://steemitimages.com/DQmchJg4CH94AKm3aiqjCP41CjcDDALqh1mJJVnr33et9qX/NgmTKnz.png)</center> You can check live testnet demo with CEO of QuarkChain Qi Zhou: https://youtu.be/YkIYvI93UQg # How will they achieve more than a million TPS? They will do it with **Sharding**. Sharding is not new concept. It is used in centralized databases which need high scalability. It is basically having multiple small databases which are then easier to maintain and much faster. These databases needs to be logically designed so that when you need the data, you don’t have to jump to multiple databases. # Problems with sharding Each shard acts like a separate blockchain. It needs its own mining power and users needs separate accounts (wallets and keys) for each shard. * Quarkchain will develop **smart wallet** which handle multiple accounts between shards and the end user will only have one account. It will automatically detect primary account of a user and will perform transaction accordingly. If the transaction is executed in secondary account, it will automatically revert remaining balance to primary account so that there won’t be leftovers of funds across multiple shards. * For mining problem, they will introduce **collaborative mining** to design incentive mechanisms and difficulty algorithms so that hash power is evenly distributed among shards and rootchain has over 50% of hash power of the network to prevent double spending attack # Quarkchain blockchain will have 2 layers: * Root layer — it confirms all blocks from shards (but doesn’t process any transaction). The difficulty of root layer has to be strong so that reverting any transactions is not economically efficient. * Sharding layer — each shard process transactions independently. As there are more shards, more transactions can be processed. User will barely sense adding of new shards. <center>![N70hnMv.png](https://steemitimages.com/DQmakfPHanU3Hh4vz4NZmii5wbaC3H67NhKZPpArvaH9wwb/N70hnMv.png)</center> # Conclusion: Quarkchain will implement several unique features to its blockchain to fix the biggest problem in blockchain industry — scalability. They have very strong team and advisors and by the mainnet launch which is scheduled in Q4 of 2018. I believe they can achieve what they are promising and become one of the leading blockchains in the industry. <br> If you want to know more about QuarkChain follow the links bellow: Website: http://quarkchain.io Telegram: http://t.me/quarkchain (83,000+) Twitter: http://twitter.com/Quark_Chain Facebook: http://facebook.com/quarkchain.quark.5 Steemit: http://steemit.com/@quarkchain GitHub: http://github.com/QuarkChain
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parent author
parent permlinkblockchain
permlinkquarkchain-the-solution-to-mass-adoption
titleQuarkChain — The solution to mass adoption
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{
  "block": 22448707,
  "op": [
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    {
      "author": "plafka11",
      "body": "<center>![1_IpcsJRJWxPiwPeu1TtUMWA.png](https://steemitimages.com/DQmYnj31qetH6GyEjsGvF5GKMj4aV44FSYLJ6BvpNLaeEkQ/1_IpcsJRJWxPiwPeu1TtUMWA.png)</center>\n\nMass adoption is frequently used phrase in conversations among crypto user and trader, but currently, there is no blockchain that can handle mass adoption.\n\nMass adoption means there will be a lot of transactions in the shortest timeframes. Currently, Bitcoin (BTC) can handle around 5 transactions per second (TPS) and Ethereum (ETH) around 20 TPS. Payment system VISA claims to have 56,000 TPS while Alipay has reached 200 000+ peak TPS in November 2017.\n\nIf we want mass adoption to happen, we need to build a blockchain that can handle more transactions than VISA and Alipay with no (or little) tradeoffs for security or decentralization.\n\n**Quarkchain** claims that will build this kind of blockchain.\n\nCurrently, on the testnet they are handling 2,280 TPS which is already 100 times more than Ethereum and they are planning to increase that number to more than 1,000,000 TPS.\n\n<center>![NgmTKnz.png](https://steemitimages.com/DQmchJg4CH94AKm3aiqjCP41CjcDDALqh1mJJVnr33et9qX/NgmTKnz.png)</center>\n\n\n\nYou can check live testnet demo with CEO of QuarkChain Qi Zhou:\nhttps://youtu.be/YkIYvI93UQg\n\n\n# How will they achieve more than a million TPS?\n\nThey will do it with **Sharding**. Sharding is not new concept. It is used in centralized databases which need high scalability. It is basically having multiple small databases which are then easier to maintain and much faster. These databases needs to be logically designed so that when you need the data, you don’t have to jump to multiple databases.\n\n# Problems with sharding\n\nEach shard acts like a separate blockchain. It needs its own mining power and users needs separate accounts (wallets and keys) for each shard.\n\n* Quarkchain will develop **smart wallet** which handle multiple accounts between shards and the end user will only have one account. It will automatically detect primary account of a user and will perform transaction accordingly. If the transaction is executed in secondary account, it will automatically revert remaining balance to primary account so that there won’t be leftovers of funds across multiple shards.\n\n* For mining problem, they will introduce **collaborative mining** to design incentive mechanisms and difficulty algorithms so that hash power is evenly distributed among shards and rootchain has over 50% of hash power of the network to prevent double spending attack\n\n# Quarkchain blockchain will have 2 layers:\n\n* Root layer — it confirms all blocks from shards (but doesn’t process any transaction). The difficulty of root layer has to be strong so that reverting any transactions is not economically efficient.\n\n* Sharding layer — each shard process transactions independently. As there are more shards, more transactions can be processed. User will barely sense adding of new shards.\n\n<center>![N70hnMv.png](https://steemitimages.com/DQmakfPHanU3Hh4vz4NZmii5wbaC3H67NhKZPpArvaH9wwb/N70hnMv.png)</center>\n\n# Conclusion:\n\nQuarkchain will implement several unique features to its blockchain to fix the biggest problem in blockchain industry — scalability. They have very strong team and advisors and by the mainnet launch which is scheduled in Q4 of 2018. I believe they can achieve what they are promising and become one of the leading blockchains in the industry.\n\n<br>\nIf you want to know more about QuarkChain follow the links bellow:\n\nWebsite: http://quarkchain.io\nTelegram:  http://t.me/quarkchain (83,000+)\nTwitter:  http://twitter.com/Quark_Chain\nFacebook:  http://facebook.com/quarkchain.quark.5\nSteemit:  http://steemit.com/@quarkchain\nGitHub:  http://github.com/QuarkChain",
      "json_metadata": "{\"tags\":[\"blockchain\",\"quarkchain\"],\"image\":[\"https://steemitimages.com/DQmYnj31qetH6GyEjsGvF5GKMj4aV44FSYLJ6BvpNLaeEkQ/1_IpcsJRJWxPiwPeu1TtUMWA.png\",\"https://steemitimages.com/DQmchJg4CH94AKm3aiqjCP41CjcDDALqh1mJJVnr33et9qX/NgmTKnz.png\",\"https://img.youtube.com/vi/YkIYvI93UQg/0.jpg\",\"https://steemitimages.com/DQmakfPHanU3Hh4vz4NZmii5wbaC3H67NhKZPpArvaH9wwb/N70hnMv.png\"],\"links\":[\"https://youtu.be/YkIYvI93UQg\",\"http://quarkchain.io\",\"http://t.me/quarkchain\",\"http://twitter.com/Quark_Chain\",\"http://facebook.com/quarkchain.quark.5\",\"http://steemit.com/@quarkchain\",\"http://github.com/QuarkChain\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "blockchain",
      "permlink": "quarkchain-the-solution-to-mass-adoption",
      "title": "QuarkChain — The solution to mass adoption"
    }
  ],
  "op_in_trx": 0,
  "timestamp": "2018-05-15T09:59:57",
  "trx_id": "c8417723b25a5e1e20b23d5913d1a0fb0003f631",
  "trx_in_block": 30,
  "virtual_op": 0
}
blocktradessent 0.585 STEEM to @plafka11
2018/05/15 09:25:12
amount0.585 STEEM
fromblocktrades
memo
toplafka11
Transaction InfoBlock #22448012/Trx 9e76256b5a96d502f2d727bbd59271c75b7c4058
View Raw JSON Data
{
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  "op": [
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      "memo": "",
      "to": "plafka11"
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  "op_in_trx": 0,
  "timestamp": "2018-05-15T09:25:12",
  "trx_id": "9e76256b5a96d502f2d727bbd59271c75b7c4058",
  "trx_in_block": 16,
  "virtual_op": 0
}
blocktradescreated a new account: @plafka11
2018/05/15 09:25:12
active{"account_auths":[],"key_auths":[["STM8AqcSz5RFYMkBSsoauLeJwJ7NuV2qVxCpts7rX7RUsxWWgH7yC",1]],"weight_threshold":1}
creatorblocktrades
fee3.000 STEEM
json metadata{}
memo keySTM853irYZihwM7dkVBQFKZb2DraXQXLWUVWd4WBjGi7ZP2nzZ3Rj
new account nameplafka11
owner{"account_auths":[],"key_auths":[["STM5ccPhEK6ME28Mecm75xFWkdYCt4C6oxkuJdL7abuNpLDfqAAfk",1]],"weight_threshold":1}
posting{"account_auths":[],"key_auths":[["STM7UQmPND6dDmDXg7vKYwQQhDq263TWPuaR89nZxWD8Nx3ud4VYz",1]],"weight_threshold":1}
Transaction InfoBlock #22448012/Trx 9e76256b5a96d502f2d727bbd59271c75b7c4058
View Raw JSON Data
{
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Account Metadata

POSTING JSON METADATA
None
JSON METADATA
None
{
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  "json_metadata": {}
}

Auth Keys

Owner
Single Signature
Public Keys
STM5ccPhEK6ME28Mecm75xFWkdYCt4C6oxkuJdL7abuNpLDfqAAfk1/1
Active
Single Signature
Public Keys
STM8AqcSz5RFYMkBSsoauLeJwJ7NuV2qVxCpts7rX7RUsxWWgH7yC1/1
Posting
Single Signature
Public Keys
STM7UQmPND6dDmDXg7vKYwQQhDq263TWPuaR89nZxWD8Nx3ud4VYz1/1
Memo
STM853irYZihwM7dkVBQFKZb2DraXQXLWUVWd4WBjGi7ZP2nzZ3Rj
{
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}

Witness Votes

0 / 30
No active witness votes.
[]