QuarkChain
Crypto Overview
Purpose and Utility
QuarkChain is a blockchain platform designed to solve scalability issues through a unique sharding-based architecture. It implements a two-layer blockchain structure consisting of elastic sharding blockchains (shards) and a root chain that confirms the blocks from the shards. The platform aims to achieve high transactions per second (TPS) while maintaining security and decentralization.
Business Model and Implementation
The QKC token serves multiple purposes within the ecosystem: it's used for transaction fees, staking to secure the network through their Proof-of-Staked-Work (PoSW) consensus mechanism, and governance voting. These utilities align with halal principles as they represent real value exchange and network participation.
Development and Adoption
QuarkChain maintains active development, with regular GitHub updates and protocol improvements. The project has established partnerships with various enterprises and continues to expand its ecosystem. While adoption remains modest compared to larger blockchain platforms, there is legitimate technical development and real-world implementation.
Token Distribution
The initial token distribution included allocations for team members and early investors with standard vesting periods. The project maintains transparency regarding token economics and distribution schedules. While a significant portion was allocated to the team and early investors, this is common in blockchain projects and doesn't inherently indicate problematic intentions.
Additional Considerations
The core technology focuses on scalability solutions and does not inherently involve prohibited activities like interest-bearing lending or gambling. The platform's primary use cases revolve around transaction processing and network security, which align with Islamic principles.
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.