QuarkChain Price

QuarkChain (QKC) Live Price Chart

QuarkChain Price Live Data

The current price of QuarkChain is $0.01094, with a 24-hour trading volume of $ 19,392. QuarkChain has experienced a +0.73% change in the past 24 hours, and its USD value has increased by +9.40% over the past 7 days. The circulating supply of QuarkChain is 6.65B QKC and its current market cap stands at 69.82M USD, up --% in the past 24 hours. QuarkChain ranks #243 in market capitalization.

QuarkChain(QKC) Info

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About QKC

What Is QuarkChain (QKC) Crypto?

QuarkChain is a blockchain platform that offers a highly scalable and flexible architecture. It was developed to address some of the key challenges faced by traditional blockchain systems, such as scalability, decentralization, and security.

QuarkChain utilizes a two-layered blockchain system consisting of elastic sharding and a root chain to achieve high transaction throughput. Sharding allows for the division of the network into smaller units called shards, each capable of processing transactions independently, thereby increasing the network's overall capacity for transactions.

The platform also employs a consensus mechanism called Boson Consensus, designed to enhance security and decentralization while ensuring high performance. QuarkChain offers a robust infrastructure for blockchain development, emphasizing scalability, security, and decentralization.

QKC serves as the native token for the QuarkChain network, enabling various use cases such as payment for transaction fees, participation in staking, and facilitating value transfers within the ecosystem.

How Does QuarkChain Work?

QuarkChain operates using a distinctive architecture that addresses the blockchain trilemma of scalability, security, and decentralization. Here's an overview of how it works:

Two-Layered Blockchain Structure

> Shard Chains: The lower layer consists of numerous shard chains, each processing a subset of all transactions independently. This sharding approach allows parallel processing, significantly increasing the network's transaction capacity. Each shard can employ different consensus mechanisms, such as Proof of Work (PoW) or Proof of Stake (PoS), and can be tailored for specific use cases.

> Root Chain: The upper layer is the root chain, which does not process transactions. Instead, it confirms the blocks produced by the shard chains. The root chain ensures the security and finality of transactions processed on the shard chains.

Cross-Shard Transactions

QuarkChain supports cross-shard transactions, allowing for the transfer of value and data between different shards. These transactions are designed to be as efficient as possible, ensuring the network can operate cohesively despite the separate shards.

Different Consensus Mechanisms for Flexibility

QuarkChain allows different shards to use different consensus mechanisms. This flexibility enables the network to balance between fast transaction speeds and robust security, depending on the requirements of each shard.

QuarkChain Security

> Security in QuarkChain is maintained through collaborative mining and a novel incentive structure. The design ensures that a large portion of the network's total hash power is allocated to the root chain, safeguarding against double-spending and other attacks.

> Additionally, small shards are protected by distributing hash power evenly across them, preventing attacks that target individual shards.

Other Features of QuarkChain

> Decentralization: QuarkChain promotes decentralization by allowing multiple cheap nodes to form the network rather than relying on a few powerful nodes. This approach reduces the risk of centralization and makes the network more accessible for participation.

> EVM Compatibility and Smart Contracts: The platform is compatible with the Ethereum Virtual Machine (EVM), allowing developers to deploy and execute smart contracts similar to Ethereum. This compatibility makes it easier for developers to build decentralized applications (dApps) on QuarkChain.

History of QuarkChain and QKC Coin

QuarkChain was conceptualized to solve the scalability problems faced by existing blockchain technologies. The idea was to create a blockchain that could handle a large number of transactions per second without compromising on security or decentralization.

The main founder of QuarkChain is Dr. Qi Zhou, a former Google and Facebook software engineer. Zhou has a background in high-performance systems and large-scale applications, which he brought to the development of QuarkChain.

QuarkChain's development began in 2017, and its testnet was launched in 2018. QuarkChain released its whitepaper, detailing its innovative approach to scalability using sharding technology. In the same year, the project conducted an Initial Coin Offering (ICO), which was a significant step in securing funding and public interest.

The QuarkChain mainnet officially went live in 2019, marking the full deployment of its network and allowing for real-world use and application development.

Following the mainnet launch, QuarkChain focused on building its ecosystem. This included forming partnerships with other blockchain projects and companies, developing dApps on its platform, and engaging with the broader blockchain community.

What Is QKC Token Used for?

QKC, the native token of the QuarkChain ecosystem, serves the following purposes:

Pay Transaction Fees on QuarkChain Network

QKC is used to pay for transaction fees on the QuarkChain network. This includes the cost of executing transactions and smart contracts on the blockchain.

Network Security and Mining Rewards

In shards that use PoW consensus, QKC tokens are awarded as mining rewards. This incentivizes miners to contribute their computational resources to maintain and secure the network.

Participate in QuarkChain’s Governance

QKC token holders can participate in the governance of the QuarkChain network. This includes voting on key decisions and proposals that affect the direction and development of the platform.

Staking QKC on QuarkChain

For shards implementing PoS or similar consensus mechanisms, QKC can be staked to participate in the validation process. Staking QKC helps secure the network; in return, stakers may receive rewards.

Cross-Shard Transactions

The QKC token facilitates cross-shard transactions within the QuarkChain network, enabling the transfer of value and information between different shards.


How can I buy QuarkChain (QKC)?

Buying QKC on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy QuarkChain (QKC) for more information.

How much is 1 QuarkChain (QKC) worth?

KuCoin provides real-time USD price updates for QuarkChain (QKC). QuarkChain price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time QKC to USD exchange rates.

Is QuarkChain (QKC) a Good Investment?

Here are some benefits of adding QKC to your crypto portfolio:

QuarkChain’s Innovative Technology

QuarkChain's unique two-layered blockchain structure and sharding technology address critical issues like scalability, security, and decentralization. This innovative approach could lead to increased adoption and success.

One of QuarkChain's primary advantages is its high transaction throughput, which is made possible by its sharding mechanism. This scalability could make it a preferred platform for developers and businesses requiring high-performance blockchain solutions.

QuarkChain allows for customizable blockchain solutions, where different shards can implement different consensus mechanisms and ledger models. This flexibility could appeal to a wide range of users and use cases.

QuarkChain’s EVM Compatibility

QuarkChain’s EVM compatibility feature makes it easier for developers to migrate existing Ethereum applications to QuarkChain or create new applications, potentially expanding its ecosystem.

Potential for Mainstream Adoption

QuarkChain's scalability and flexibility make it suitable for various applications, including finance, IoT, AI, and gaming, which could lead to broader adoption and growth.

What Is QuarkChain Price Prediction?

While we cannot provide a reliable QKC price prediction over any duration, the following factors could help you understand the price movements in QuarkChain crypto:

Level of Adoption of QuarkChain Network

Increased adoption of the QuarkChain platform for building applications, especially if it includes high-profile or large-scale projects, can drive demand for QKC. Higher usage translates to more transactions, which can positively affect the QuarkChain price.

Future Developments in the QuarkChain Roadmap

Advances in QuarkChain’s technology, successful updates, or new features can increase investor confidence, potentially boosting the QKC price. Conversely, delays or problems with network upgrades can negatively impact the QuarkChain value.

Announcement of QuarkChain’s Partnerships

Strategic partnerships with other companies, blockchain projects, or sectors can enhance QuarkChain's credibility and perceived value, influencing the QKC to USD price.

Crypto Market Sentiment

General sentiment in the cryptocurrency market can significantly affect the price of QKC. Positive news, adoption stories, and overall bullish sentiment in the crypto space can drive up prices, while negative news or bearish trends can lead to a decline in the price of QuarkChain token.

How to Mine QKC Coin on QuarkChain

QuarkChain uses sharding technology, meaning its blockchain is divided into multiple shards, each with its own set of transactions and blocks. Different shards may use different consensus mechanisms. They commonly use PoW, but some may implement PoS or other mechanisms.

Here’s a step-by-step guide to mining QKC on QuarkChain

1. Research and Compliance: Before starting, ensure you understand the current consensus mechanism used by QuarkChain shards. Check local regulations and ensure compliance with laws regarding cryptocurrency mining in your area.

2. Hardware Requirements: For PoW mining, you’ll need suitable hardware. Depending on the shard's requirements, this could be a powerful GPU or CPU. Ensure that your hardware is compatible and powerful enough to mine QKC efficiently.

3. Download Mining Software: Download mining software compatible with QuarkChain. You may need to choose software based on the specific shard you plan to mine. Popular mining software like Claymore, PhoenixMiner, or others might have versions or settings suitable for QuarkChain mining.

4. Set Up a Wallet: You’ll need a QKC-compatible wallet to receive your mining rewards. Choose a secure wallet, set it up, and ensure it can receive QKC tokens.

5. Choose a Mining Pool (Optional): Solo mining can be challenging due to high competition. Joining a mining pool can increase your chances of earning rewards. Research and select a reliable QuarkChain mining pool. Consider factors like pool fees, payout structure, and server location.

6. Configure Mining Software: Configure your mining software with your wallet address and chosen mining pool’s information. Adjust settings according to your hardware’s capabilities and the specific requirements of the QuarkChain shard you are mining.

7. Start Mining: Once everything is set up, start the mining software. Monitor your mining activity and performance regularly.

8. Stay Updated: Keep an eye on QuarkChain updates and changes in consensus mechanisms or shard configurations. Be prepared to update your mining setup accordingly.

Who Are QuarkChain’s Partners?

What is the all-time high price of QuarkChain (QKC)?

The all-time high price of QuarkChain (QKC) is $4.88. The current price of QKC is down 1.00% from its all-time high.

What is the all-time low price of QuarkChain (QKC)?

The all-time low price of QuarkChain (QKC) is $0.00136. The current price of QKC is up 7.02% from its all-time low.

How much QuarkChain (QKC) is there in circulation?

As of 12 1, 2023, there is currently 6.65B QKC in circulation. QKC has a maximum supply of 10.00B.

What is the market cap of QuarkChain (QKC)?

The current market cap of QKC is $69.82M. It is calculated by multiplying the current supply of QKC by its real-time market price of $69.82M.

How do I store QuarkChain (QKC)?

You can securely store your QuarkChain in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your QKC include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.