QuarkChain is an innovative permissionless blockchain architecture that aims to provide a secure, decentralized, and scalable blockchain solution to deliver 100,000+ on-chain TPS.
QuarkChain fully supports Ethereum smart contract enabling developers to write and debug smart contract quickly using popular tools like remix and build scalable DApps that will be free from network congestion. As you may know, CryptoKitties, one of the most popular blockchain games, severely slowed down the transactions on Ethereum in Dec 2017 and resulted in network congestion for weeks. It shows the importance of scalability issues.
QuarkChain has launched a public testnet with 6450 nodes and 256 shards and presented a live demo of 10K+ TPS which is about 500X Ethereum’s throughput in 2018, and the mainnet has launched on 4/30, 2019.
QuarkChain has completed its sale of QKC ERC-20 Tokens (the “ERC20 Tokens”) in an offering pursuant to an exemption from the Securities Act of 1933, as amended (the “Securities Act”). The offering was open only to non-U.S. persons (as defined in Regulation S) who also completed our AML and KYC process and the ERC20 Tokens have not been registered under the Securities Act. QKC Tokens may not be offered or sold in the United States or to any U.S. persons unless it is registered under the Securities Act or an exemption from registration is available. In addition, any U.S. person who holds QKC Tokens will not be eligible for the token swap upon mainnet launch.