FUJAN CRYPTO REPORTS
Whitepaper
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Executive Summary
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QuarkChain is an innovative permission less blockchain architecture that aims to meet the global-wise commercial standard
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Provides a secure, decentralized, and scalable blockchain solution to deliver 100,000+ TPS
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Main features
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Reshardable two-layered blockchain
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Guaranteed security by market-driven collaborative mining
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Anti-centralized horizontal scalability
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Efficient cross-shard transactions
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Simple account management
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Turing-complete smart contract platform
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Motivations and Visions
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QuarkChain Vision
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Introduces a novel sharding-based blockchain architecture that aims to meet the global commercial standard
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Helping move blockchain into the next generation by increasing the current TPS capacity several-thousand fold of what it is now, to a projected about 100,000 TPS
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Aims to build a high-throughput network to support applications such as distributed social media, high frequency trading, internet of things, gaming, and payment
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The Technology of the Quarkchain Network
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Design Principle
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Enhancing the scalability while ensuring security and decentralization
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Enabling seamless cross-shard transaction for user quality of experience
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Simple account management for clients
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Open standard to support various Dapp
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Incentive-driven ecosystem
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System Architecture
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Collaborative Mining
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Consensus Algorithm
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The positioning of the QuarkChain network in Blockchain Society
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Security, Decentralization, and Scalability Position of the QuarkChain Network
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The Core Features of the QuarkChain Network
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Anti-Centralized Horizontal Scalability Expansion
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Efficient and Secure Cross-Shard Transactions
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Simple Account Management
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The Ecosystem of the QuarkChain Network
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Token Economics
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Properties and Usages of Token
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Used as a unit of exchange between participants on the QuarkChain Network
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Business Development
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Mobile Decentralized Applications
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The QuarkChain Network is built according to the belief that a DApp built upon on mobile devices is more applicable and has more ecosystem value, based on the fact that 4.47 billion people are using mobile phones and there is 68% mobile phone internet user penetration worldwide in 2018
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Roadmap
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Team
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Qi Zhou – Founder
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Software Engineer for Facebook – 1 year 1 month
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Consultant Software Engineer and Principal Software Engineer for Dell EMC – 2 years 4 months
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Software Engineer for Google – 9 months
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Doctorate from Georgia Tech
Zhaoguang Wang – Core Engineer
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Senior Software Engineer for Facebook – 1 year 2 months
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Software Engineer for Instragram – 4 months
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Senior Software Engineer for Google – 5 years 1 month
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Intern for AT&T Labs – 3 months
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Masters from University of Michigan
Xiaoli Ma – Research Scientist
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Professor at Georgia Tech – 3 years 11 months
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Doctorate from University of Minnesota
Yaodong Yang – Scientist
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Doctorate from Viginia Polytechnic Institute and State University
Wencen Wu – Research Scientist
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Doctorate from Georgia Tech
Anthurine Xiang – Marketing and Community
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Lead Platform Analytics for Wish – current
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Consumer marketing and analytics for LinkedIn – 11 months
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Masters from Johns Hopkins University
Julianne Zhu – Marketing and PR
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Assurance Auditor for EY – 3 months
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Masters from Rutgers
Bill Moore – Advisor
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President, DSSD/EMC Fellow for EMC – 2 years 7 months
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Summer Intern for IBM – 5 months
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Masters from Michigan State University
Partners & Backers
Articles
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Videos
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https://www.youtube.com/watch?v=42JWY3UWiqM&feature=youtu.be
https://www.youtube.com/watch?v=jrJNP9NfPjE
CoinCheckUp
Conclusion
I would give QuarkChain a B- rating. QuarkChain is a very technical project. It is very similar to Zilliqa however it is said to be more advanced then Zilliqa. They are building the project to be able to work on mobile phones since there are over 4 billion people with mobile phones in the world. They are using sharding technology to provide faster more secure transactions. They will offer only one private key for all your shards which is not something that currently exists. There seems to be quite a few innovative things that QuarkChain is doing. The team is smallish but has quite experienced people. The CEO has worked for both Google and Facebook and clearly understands what he is doing. However they do not have any announced or confirmed partners so we don’t know who believes in them. They do not have much information about themselves other then the whitepaper and an interview. This project is still very under the radar and is not out yet. At this point I think it would be smart to own a little bit but wait to see if there are any major connections after the ICO before buying a big amount.
