The QuarkChain consists of two layers of blockchains. We apply elastic sharding blockchains (shards) as the first layer, and a root blockchain that confirms the blocks from the shards as the second layer.
Cross-shard transactions can be issued at any time, and confirmed in minutes. The throughput of cross-shard transactions increases linearly as the number of shards increases.
We designed a game theoretic framework for incentives, where hash powers are incentivized to distribute evenly among shards. There are at least 50% of overall hash power allocated to the root chain to prevent double spending attack.
Weekly Report is published.📮
👉Added deployment of gas utility system contract
👉Announced the goal of the next new peak challenge
👉The team shared idea about application trend of the industry in the future
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Last Week, QuarkChain team came to Beijing University of Posts and Telecommunications #BUPT to give a lecture on the blockchain to freshmen. As an alumni, Du Ting, QuarkChain CBO, gave a talk entitled "From #blockchain 1.0 to 3.0".