QuarkChain
Crypto Overview
Project Overview
QuarkChain is a blockchain platform that aims to solve scalability issues through a unique sharding-based architecture. It implements a two-layer blockchain structure consisting of ShardChains (layer 1) and a Root Chain (layer 2), allowing for high transaction throughput while maintaining security.
Intended Utility
The QKC token serves multiple purposes within the QuarkChain ecosystem: It is used for transaction fees, staking to secure the network, and governance participation. The platform is designed to support enterprise-level blockchain applications with high transaction volumes.
Actual Utility
The network is operational and processes transactions, though adoption remains limited. The project maintains active development, with regular GitHub updates and technical improvements. The team continues to work on implementing cross-chain functionality and improving the network's infrastructure.
Token Distribution and Governance
QuarkChain conducted a public token sale in 2018. The token distribution includes allocations for the foundation, team members, and early investors with standard vesting periods. The project maintains transparency regarding token allocations and technical developments through regular community updates.
Technology and Revenue Model
The platform's revenue model is based on transaction fees and network usage, avoiding interest-based mechanisms. The underlying technology focuses on scalability through sharding, which represents a legitimate technological advancement in the blockchain space.
Crypto Impact
To assign a comfort level investing in QuarkChain from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to QuarkChain.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.