QuarkChain QKC to Power Ledger POWR Exchange

Crypto Pair Details: QKC to POWR

QuarkChain QKC

QuarkChain is a secure, permission-less, scalable, and decentralized blockchain. One of the goals of QuarkChain is to utilize sharding technology to deliver over 1 million transactions per second (tps). Essentially, QuarkChain markets itself as a peer-to-peer blockchain with a high capacity throughput to help deliver fast and secure decentralized applications. The team behind QuarkChain created this blockchain to resolve the issue of scalability that all the major blockchains are currently facing. The team feels that because of the urgency of this issue, the Bitcoin community simply cannot afford to wait until they all agree on a solution. Instead, they feel that by offering different solutions, such as the one inherent in QuarkChain, this compels the community to split via a hard fork and find the solution that works best. QuarkChain encourages increased decentralization through multiple cheap nodes that then create a cluster that works as a super-full node. This prevents the high expenses associated with super-full nodes when the tps gets high. In terms of protection, all transactions within QuarkChain get the protection of 50 percent of the network’s hash power. This makes a double-spending attack incredibly challenging, particularly when combined with QuarkChain’s decentralized nature. QuarkChain relies on a two-layer blockchain structure. Sharding blockchains known as shards are the first layer, while the second layer is a root blockchain that confirms the shards’ blocks.The major work on QuarkChain began in Q2 2017 with research into the problem of blockchain scalability. In Q4 of that year, the team drafted the whitepaper. In February 2018, it released the white paper and completed verification code 0.1. March 2018 saw the 0.1 versions of both the wallet and testnet. Now in Q2, the team is working on the testnet 1.0 and smart contract 0.1. In Q4 2018, the team will have the QuarkChain Core 1.0, along with the mainnet 1.0 and the SmartWallet 1.0. By Q2 2019, both the SmartWallet and QuarkChain Core will be in their 2.0 versions. QuarkChain is a decentralized blockchain network that aims to resolve the issues of scalability that plague existing networks by using sharding technology. In this way, QuarkChain can dramatically extend the usefulness of blockchain technology since many applications are limited by the scalability of existing blockchain networks. The project is still in progress, but QuarkChain has already made many positive steps and already began invite-based beta testing for the testnet, showing significant progress and potential. The main features of Quarkchain are: 1. Reshardable two-layered blockchain: Quarkchain consists of two layers of blockchains. We apply elastic sharding blockchains (shards) as the first layer, and a root blockchain as the second layer that confirms the blocks from the first layer. The second layer that confirms the blocks from the first layer. The second layer is flexible to be resharded as needed without changing the root layer. 2. Guaranteed security by market-driven collaborative mining: To ensure the security of all transactions, a game-theoretic framework is designed for incentives, where at least 50% of overall hash powers are allocated to the root chain to prevent double spending attack on any transactions. 3. Anti-centralized horizontal scalability: In any blockchain network with a high TPS, a super-full node can be extremely expensive, which encourages centralization. In contrast, QuarkChain allows multiple cheap nodes forming a cluster to replace a super-full node. 4. Efficient cross-shard transactions: Cross-shard transactions in QuarkChain can be issued at any time, and confirmed in minutes. The speed of cross-shard transactions increases linearly as the number of shards increases. 5. Simple account management: There is only one account needed for the entire blockchain (shards) in QuarkChain. All cryptocurrencies from different shards are stored in one smart wallet.

Power Ledger POWR

Power Ledger (POWR) is an Australian blockchain-based cryptocurrency and energy trading platform that allows for decentralized selling and buying of renewable energy. The platform provides consumers with access to a variety of energy markets around the globe and is meant to be scalable to various energy infrastructures and regulations. The market is based on a dual-token ecosystem operating on two blockchain layers, POWR and Sparkz. POWR tokens allow consumers and hosts providing energy to interface with the ecosystem and are protected through Smart Bond technology. POWR tokens can be converted into Sparkz tokens, which can be used for frictionless transactions in the energy exchange market. The initial coin offering for POWR tokens became the largest crowd funding project in Australia and the 14th highest in the world. Power Ledger’s team has immense expertise in both blockchain and electricity markets. They’re comprised of six Board of Directors in addition to over ten full time-team members. Power Leger’s five co-founders make up five of the six Board of Director seats of the company. The sixth board seat belongs to venture capitalist Bill Tai. Receiving his MBA from Harvard, Yai is a world-renowned venture capitalist. Tai’s experience is quite extensive; he is currently the Chairman of Treasure Data and also a Board Member of Bitfury and Boxer. Power Ledger’s POWR Presale sold out in just three days and raised over thirteen million dollars (AUD) in exchange for 190,000,000 tokens. After the presale, Power Ledger held an ICO to sell the remaining 160,000,000 POWR tokens allocated to Token Generation Event. After both rounds, funds raised totaled thirty-four million dollars (AUD). In addition to money raised from its presale and ICO, the Australian Government also awarded Power ledger a grant for 8 million dollars (AUD) to develop its technology and concept further. (Australia has one of the highest costs of electricity in the world and thus has a large stake in the overall success the company). Power Ledger provides a blockchain-based marketplace that can truly change the world. Taking power away from large energy companies, Power Ledger gives local communities the ability to sell their excess solar power to neighbors. Power Ledger has created an energy distribution and tracking platform that allows consumers buy carbonless, sustainable energy at lower prices than what’s offered by traditional electric companies. Power Ledger has plans to expand its operations to three continents worldwide and has amassed an army of powerful strategic partners to help achieve its goals. With the planned release of multiple applications for its platform in the immediate future, the project has positioned itself to disrupt multiple energy markets throughout the world creating a bright future for all participants involved in this green revolution.

SOURCE: COINGECKO

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