Civic CVC to Quark QRK Exchange

Crypto Pair Details: CVC to QRK

Civic CVC

Using blockchain technology in an unprecedented way, Civic is more than just a coin or a cryptocurrency to trade. It’s an identity verification platform which is meant to make life easier, not only for the user but also for the entity who wishes to verify the identity. Rather than going through a long-winded document verification process, the Civic token enables the verification of identity directly in places where it is accepted. The Civic coin or Civic token (CVC) is the currency associated with Civic, which thrives on the Ethereum blockchain, primarily exchanged during the identity verification process. As a platform, the Civic cryptocurrency shows a lot of promise. While it is only available in the US presently (which may be disappointing news about its current potential), it’ll soon expand and come over to other countries - which should give it a nice bump in value. The blockchain is where the future lies, and the Civic coin uses it in a unique way to make life easier and our identity more secure.

Quark QRK

Quarkcoin is a coin which increases security by using 9 rounds of hashing from 6 different hashing algorithms - blake, bmw, grøstl, JH, keccak, skein. 3 of the hashing rounds apply a random hashing function. This compares with Bitcoin's solitary use of SHA-256 algorithm. There is no pre-mine for this coin. A new block is generated every 30 seconds and 2048 Quark is given out as reward per block at the beginning. This reward halves every 60480 blocks or roughly every 3 weeks. The initial supply of Quark is 247 million and this is expected to be mined in roughly 6 months since launch date. The supply will then continue to increase at an inflationary rate of 0.5% per year. Quarkcoin was launched on 21 July 2013.

SOURCE: COINGECKO

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