Welcome to the 31st QuarkChain Bi-weekly Report for the period from May 03 to May 15.
1. Development Progresses
# Core Updates
## Major Milestones
– Successfully launched mainnet on April 30, 2019
– Released the mainnet AWS AMI
– Provided the mining tutorial based on AWS AMI
– Added indexing for minor blocks
– Added JSONRPC endpoint to provide P2P routing table for better debuggability
– Updated outdated JSONRPC documents
– Updated JSONRPC documents to support token swap
– Enhanced transaction pools
– Updated mainnet bootstrap nodes’ IP
– Added mainnet bootnode config for qrktool
– Removed unused parameters when adding the root blocks
CBNT (Create Breaking News Together) is a decentralized blog platform based on blockchain technology and an ecosystem model of DPGC (Decentralized Professional Generated Content). CBNT has a unique model of “participating is mining” in which writing content, liking and commenting on all counts towards mining. With an internal incentive mechanism, a positive interaction will be forged between authors and viewers, and high-quality content will be generated. At CBNT, due to the unique mining model, a large number of transactions will be recorded on chain, with the goal of being a truly decentralized project. CBNT is eager to find a blockchain with high performance.
The mainstream blockchains, like Ethereum, are not adequate for the needs of CBNT. Limited throughput ability will affect the transaction processing speeds, or even trigger network congestion. This is especially true in high-frequency processing scenarios, like content sharing and social mining. In addition, the high gas fees also stop users’ willingness to interact on the CBNT platform, and thus a new blockchain is needed!
With its high throughput, flexibility, and performance, QuarkChain is qualified to solve the CBNT’s problems. On the QuarkChain network, transactions at any time and place will be completed and confirmed quickly, on the grounds of its sharding technology. As the number of shards increases, the transaction speed will increase in a linear way. The TPS on mainnet is expected to reach 100K+, and the testnet has already achieved a speed of 14,000+ TPS. With QuarkChain’s high throughput network, they give the maximum potential to achieve a decentralized and highly efficient next-generation blog.
Consensus NY 2019
Consensus was the one global conference and expo that brought entrepreneurs, intrapreneurs, traders, developers, academics, students and people with curiosity together under one roof to explore, collaborate and debate the future of blockchain and crypto. QuarkChain CMO Anthurine Xiang was invited to attend Block Plus Summit. She moderated a panel discussion: Platform Wars and Privacy Protection in Blockchain. Stephen Tse, founder and CEO of Harmoney, Sandeep Nailwal, COO of Matic Network, Jason Qiao, Chief Ecosystem Officer of PlatOn joined in this panel, and gave their opinions about blockchain platform now and future.
Consensus After Party-Meet QuarkChain, Polkadot and AVA Labs
May 13, Anthurine Xiang, CMO of QuarkChain, together with Polkadot and AVA Labs hold an event about public chain and cross chain at Midtown Hilton. During the event, they shared their opinions about public chain and cross chain. Anthurine detailed introduced QuarkChain 2.0: one of the greatest features of QuarkChain 2.0 is flexibility, which extends to being friendly to new technologies and having stronger self-evolution capabilities. That is to say, each shard can have its own consensus mechanism, ledger model, transaction model, and token economics. With this, we can even include existing public chains.
Sharding Technology Panels
May 14, QuarkChain, together with Harmoney and Thendercore held an event about sharding blockchain technology. ETH 2.0, Kadena, Near Protocol, Zilliqa, and Ontology also presented during this event. We had two panels which focused on sharing updates on the progress of each project. The first panel was Deep Dive into Sharding Technology — Each project’s different approach and progress on sharding and what is to come in 2019. The second panel was Real World and Sharding — Each project’s progress on how to use sharded blockchains to make an impact outside of Cryptosphere. Anthurine, CMO of QuarkChain and Junjia, QuarkChain engineers detailed introduced QuarkChain’s state sharding technology, and a system structure of root chain-shards which can be compatible with various consensus mechanisms. On the basis of high throughput, more than 51% hash power will be protected by root chain, and compatible with decentralized PoW, PoS, and other consensus mechanisms. It puts forward an excellent solution to blockchain trilemma, which is an important contribution to the future development of the industry.
Blockchain Week in Hangzhou
This is the first Blockchain Week in Hangzhou. There are three main schedules, namely, ChainNode Technology Open Day on May 16 (morning session) and Friends in Blockchain (afternoon session). Both of them are small-scale but high-end gatherings, with the highest number of entrants at 300. May 17 will be the peak conference of the Global Blockchain (Hangzhou) in 2019. It is expected that the number of participants will reach 1500.
4. QuarkChain in the News
Chain Curation Research: QuarkChain: https://www.thedailychain.com/blog/chain-curation-research-quarkchain/
What Will Happen When Proof-Of-Stake (PoS) Becomes Obsolete? — Quarkchain’s Answer: https://www.investinblockchain.com/what-will-happen-when-proof-of-stake-pos-becomes-obsolete/