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.
'OVCODE is an award winning blockchain verification engine. OVCODE is a patented technology that helps you verify, publish, and permanently store your life’s trusted data. OVCODE is a fully running system and has implemented real world use cases for government and enterprise. OVCODE's mission is to fuel the future of data verification and build the future of integrity and trust. OVCODE, A New Era of Trust '