What Is QKC Coin? QuarkChain Overview, Supply, and Exchange Information

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QuarkChain (QKC) is a blockchain platform designed to enhance scalability and transaction efficiency in decentralized networks. Built initially on the Ethereum network as an ERC-20 token, QKC serves as the native cryptocurrency of the QuarkChain ecosystem. This article explores the core aspects of QKC, including its total supply, market performance, technological framework, and availability across major exchanges.

As of now, the QKC price stands at approximately $0.00386, with a 24-hour trading volume exceeding $2.3 million. The coin has seen a 2.5% increase in value over the past day, reflecting moderate market activity. With a circulating supply of around 3.7 billion tokens and a maximum supply capped at 10 billion, QKC maintains a relatively low circulation rate—approximately 37% of the total supply is currently in circulation.

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Key Metrics and Market Presence

QKC is traded across several prominent cryptocurrency exchanges, with Binance leading in terms of trading volume. Other active platforms include BiLaxy and Upbit, which contribute significantly to liquidity and user accessibility.

Despite its early launch on Ethereum, QuarkChain operates its own independent blockchain infrastructure focused on solving one of the most pressing challenges in the crypto space: scalability.

Core Technology Behind QuarkChain

QuarkChain distinguishes itself through a unique two-layer blockchain architecture designed for high throughput and seamless cross-chain functionality.

Two-Layer Blockchain Structure

At its foundation, QuarkChain employs a dual-layer system:

  1. Shard Chains (Layer 1): These are individual blockchains that process transactions in parallel, enhancing speed and efficiency.
  2. Root Chain (Layer 2): This layer confirms shard blocks and ensures overall network security by validating inter-shard transactions.

This layered design enables QuarkChain to scale horizontally—more shards can be added as demand grows, increasing the network’s capacity without sacrificing performance.

Cross-Shard Transactions

One of the standout features of QuarkChain is its ability to handle cross-shard transactions efficiently. Users can transfer assets between different shards with confirmation times typically under a few minutes. Importantly, transaction throughput scales linearly with the number of shards, making the network highly adaptable to growing usage.

Market-Driven Collaborative Mining

To maintain network security and decentralization, QuarkChain implements a game-theoretic incentive model known as collaborative mining. This mechanism encourages miners to distribute their hashing power evenly across shards while ensuring that at least 50% of total hash power secures the root chain—effectively mitigating double-spending risks.

Unified Account Management

Unlike many sharded systems that require multiple accounts or complex key management, QuarkChain simplifies user experience by allowing a single account to interact with all shards. All QKC tokens, regardless of origin shard, are stored within one smart wallet interface, reducing friction for both new and experienced users.

Horizontal Scalability

Scalability remains a critical challenge for most blockchains. QuarkChain addresses this by enabling multiple nodes to form a "super node," collectively handling high transaction volumes (TPS). This approach reduces the hardware burden on individual participants and supports long-term sustainability as network demand increases.

Project Background and Consensus Mechanism

Launched on June 5, 2018, QuarkChain was conceived as a solution to Ethereum’s scalability limitations. It utilizes a Proof-of-Stake (PoS) consensus mechanism, promoting energy efficiency and broader participation compared to traditional Proof-of-Work models.

The project emphasizes real-world applicability, aiming to support enterprise-level decentralized applications (dApps) and high-frequency financial transactions.

Frequently Asked Questions (FAQ)

Q: Is QKC built on Ethereum?
A: Initially launched as an ERC-20 token on the Ethereum blockchain, QKC now operates on its own independent blockchain while maintaining compatibility with Ethereum-based tools and wallets.

Q: What is the maximum supply of QKC?
A: The total maximum supply of QKC is capped at 10 billion tokens. This fixed limit helps control inflation and supports long-term value retention.

Q: Where can I buy QKC coins?
A: QKC is available on multiple exchanges such as Binance, BiLaxy, and Upbit. Always ensure you're using a secure wallet when storing your tokens.

Q: How does QuarkChain achieve high transaction speed?
A: Through elastic sharding and parallel processing across multiple shard chains, QuarkChain can scale to handle thousands of transactions per second (TPS), far exceeding many legacy blockchains.

Q: Can I stake QKC tokens?
A: Yes, since QuarkChain uses a Proof-of-Stake model, users can participate in staking to help secure the network and earn rewards.

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Final Thoughts

QuarkChain represents a forward-thinking approach to blockchain scalability and usability. By combining innovative sharding technology with user-friendly design principles, it offers a compelling alternative for developers and investors seeking efficient and sustainable blockchain solutions.

Whether you're exploring QKC as a potential investment or evaluating its technological merits for development purposes, understanding its architecture and market position provides valuable insight into its long-term potential.

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