Quark QRK to Ferrum Network FRM Exchange

Crypto Pair Details: QRK to FRM

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.

Ferrum Network FRM

Ferrum is a DAG-based interoperability network that connects to any blockchain and works natively with fiat currencies. It’s like the Lightning Network but for every blockchain. The advanced financial products that run on the network - like our West African fiat gateway (Kudi Exchange) and non-custodial cross-chain OTC wallet (UniFyre Wallet) - aim to empower millions of people around the world. Our network and products are powered by the FRM token, which is spent and burned with every transaction. And coming in later 2020, a high-speed cross chain DEX and mobile cold store application.

SOURCE: COINGECKO

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