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To Date
2019/05/15 11:05:57
2019/05/15 11:05:57
| author | steemitboard |
| body | Congratulations @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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"body": "Congratulations @plafka11! You received a personal award!\n\n<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>\n\n<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>\n\n\n**Do not miss the last post from @steemitboard:**\n<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>\n\n###### [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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}plafka11followed @sparkster2018/06/16 08:45:30
plafka11followed @sparkster
2018/06/16 08:45:30
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}plafka11upvoted (100.00%) @andrecronje / cryptocurrency-scaling-ethereum-to-1-5-million-tps2018/05/27 16:37:27
plafka11upvoted (100.00%) @andrecronje / cryptocurrency-scaling-ethereum-to-1-5-million-tps
2018/05/27 16:37:27
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}irena123456upvoted (100.00%) @plafka11 / quarkchain-the-solution-to-mass-adoption2018/05/15 10:57:33
irena123456upvoted (100.00%) @plafka11 / quarkchain-the-solution-to-mass-adoption
2018/05/15 10:57:33
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}plafka11upvoted (100.00%) @irena123456 / quarkchain-the-fastest-blockchain2018/05/15 10:56:30
plafka11upvoted (100.00%) @irena123456 / quarkchain-the-fastest-blockchain
2018/05/15 10:56:30
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}plafka11upvoted (100.00%) @punica11 / quarkchain-super-scalable-secure-blockchain2018/05/15 10:55:00
plafka11upvoted (100.00%) @punica11 / quarkchain-super-scalable-secure-blockchain
2018/05/15 10:55:00
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}magpieloverupvoted (100.00%) @plafka11 / quarkchain-the-solution-to-mass-adoption2018/05/15 10:32:15
magpieloverupvoted (100.00%) @plafka11 / quarkchain-the-solution-to-mass-adoption
2018/05/15 10:32:15
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}ax3upvoted (1.00%) @plafka11 / quarkchain-the-solution-to-mass-adoption2018/05/15 10:00:06
ax3upvoted (1.00%) @plafka11 / quarkchain-the-solution-to-mass-adoption
2018/05/15 10:00:06
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}plafka11published a new post: quarkchain-the-solution-to-mass-adoption2018/05/15 09:59:57
plafka11published a new post: quarkchain-the-solution-to-mass-adoption
2018/05/15 09:59:57
| author | plafka11 |
| body | <center></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></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></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 permlink | blockchain |
| permlink | quarkchain-the-solution-to-mass-adoption |
| title | QuarkChain — The solution to mass adoption |
| Transaction Info | Block #22448707/Trx c8417723b25a5e1e20b23d5913d1a0fb0003f631 |
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"author": "plafka11",
"body": "<center></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></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></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",
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}blocktradessent 0.585 STEEM to @plafka112018/05/15 09:25:12
blocktradessent 0.585 STEEM to @plafka11
2018/05/15 09:25:12
| amount | 0.585 STEEM |
| from | blocktrades |
| memo | |
| to | plafka11 |
| Transaction Info | Block #22448012/Trx 9e76256b5a96d502f2d727bbd59271c75b7c4058 |
View Raw JSON Data
{
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}blocktradescreated a new account: @plafka112018/05/15 09:25:12
blocktradescreated a new account: @plafka11
2018/05/15 09:25:12
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| creator | blocktrades |
| fee | 3.000 STEEM |
| json metadata | {} |
| memo key | STM853irYZihwM7dkVBQFKZb2DraXQXLWUVWd4WBjGi7ZP2nzZ3Rj |
| new account name | plafka11 |
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| Transaction Info | Block #22448012/Trx 9e76256b5a96d502f2d727bbd59271c75b7c4058 |
View Raw JSON Data
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Voting Power100.00%
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Resource Credits100.00%
Reputation Progress0.00%
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}Account Metadata
| POSTING JSON METADATA | |
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| JSON METADATA | |
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Owner
Single Signature
Public Keys
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Public Keys
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}Witness Votes
0 / 30
No active witness votes.
[]