QuarkChain’s 2018 and 2019: Dedicated to those who remain obscure but still carry on
The Best is Yet to Come
Do not wait to strike till the iron is hot; but make it hot by striking.
— William Butler Yeats
The beginning of 2019 marks retrospect and prospect. Time seems to be separated into two parts while memories and expectations filled in between. For public blockchain industry, the best and the worst seem to interweave in 2018. Some people applauded for their products successfully getting dreamed up while others felt defeated for their silent farewell. Several projects rise from unknown to a new high. However, manifolds of them look more like salt dissolving into water, stepping down from the public chain stage without attention and bless. However, many great businesses come from silent changes. Giants arise from obscurity and revolutionary innovations stem from underestimating. Blockchain industry is not an exception. It stems from the Bitcoin that was left out initially. Several public blockchain projects have attracted flooded attentions and praise since the day they exist. Faced the chaos and overhype in the blockchain industry, QuarkChain chose to grow silently in the corner. Finally, volatility and approval come as we promised.
Compared with the projects that shined in 2017, few people paid a lot of attention to QuarkChain, since team members do not have blockchain industry background. Sharding technology, QuarkChain’s technical highlight, has not been widely recognized at that time and the hype of blockchain industry is starting to cool. People who are involved into blockchain industry at early stage still rely on some existing experiences to judge the destiny of newcomers. Therefore, QuarkChain did not receive very high expectation.
However, as the laws of physics, blind observation can only locate the small particles but ignore the rest. QuarkChain, a small particle, who was unrecognized and grows alone, still keeps developing with various possibilities. From publishing the white paper to landing the testnet 2.0, QuarkChain is really doing things in a steady manner. With the advancement of the industry and the improvement of the user’s recognition level, the mighty waves originating from the industry itself and the wisdom of human beings have thoroughly washes out the sand and leaves the gold on the shore. Some well-known projects have disappeared from the scene. It seems that QuarkChain is favored as time goes on.
Since April 2018, QuarkChain community members have seen a rapid organic growth, resulting from the spontaneous spread of the QuarkChain concept by early supporters. With the implementation of the sharding technology that is applied to address the scalability problem by dozens of projects, QuarkChain team members have also gained more recognition for the solid foundation and extensive experience of the horizontal scalability. Hot ICO was attributed to the rapid rising of the community user. QuarkChain has become an excellent example for the blockchain industry in 2018 and laid a solid foundation for the outstanding performance in the future. There has been reason for us to firmly believe that QuarkChain finds a world of its own by moving towards a clear goal step-by-step regardless of obscurity initially.
Since the community scale has taken shape, QuarkChain project has entered a period of fast development, achieving many milestones in the past six months. QKC has debut listed on Binance in June. QuarkChain Testnet 1.0 was officially launching on July 7, 2018. A live demo of Testnet 1.0 was carried out and the peak TPS has reached 14,000+ during the demo. On Sep. 17, 2018, we open-sourced the python implementation of QuarkChain on GitHub. QuarkChain 2.0 mining event was officially launched in Dec. 1, 2018. Thousands of nodes and hundreds of clusters formed by community members joined in the testnet 2.0, which enable the whole network to congestion-free, smooth and stable. After 6 months of research and numerous testing, QuarkChain Wallet — qPocket (V1.1.0) has officially launched on Dec. 7, 2018.
QuarkChain technology is steadily moving forward. At the same time, marketing team has never stopped, either. QuarkChain team has traveled to several countries across Europe after open sourced code in Sep. Afterwards, QuarkChain Ambassador Program has been open and nearly 30 ambassadors from around the world were selected among numerous applications. Then bounty program — 1,000,000 QKC rewards was launched in Dec. More people are allowed to join the QuarkChain community building. The idea of QuarkChain, which was once unknown in the past, has flourished widely and spread to its users.
70+ high-quality projects have added into QuarkChain ecosystem universe. They offer a wide range of services in multiple mainstream fields including big data, games, lending, industrial services, and DApp platform. The basic ecosystem map has been completed. A promising prospects of QuarkChain are to be expected.
The year of 2019 symbolizes a new beginning. Public blockchain projects will be enjoying the equal opportunities regardless of popular and unknown. Prospect is hopeful and wonderful but has to return to pragmatic review and reflection. QuarkChain passed through 2018 from obscurity to a rising star. We never forget those days when we were not favored but still kept moving on. For all the public blockchain projects, 2019 will be full of challenges and difficulties: the collapse of consensus, vicious competition, landing application and a mixture of good and bad projects. Technology and consensus are still in the very early stages. Investors can hardly be empowered and their potentials may be exhausted instead. Whether technology could be matured or not? Whether the market could be developed or not? Whether illegal funds could be effectively regulated or not? Difficulties are like a vast of thorns that spreads over the road to the blockchain industry.
There is still a long way for blockchain industry to go. For QuarkChain and people who are committed to advancing blockchain technology to the real applications, the journey to the public chain may be inevitably paved with obstacles and problems, but we believe it is a glorious yet difficult task. It is full of challenges and hard enough to test the comprehensive skills of the project.
There is an old saying:”If I reflect on myself and find myself to be right, then even if it will be a troup with millions, I will go forward.”
QuarkChain Development Progress(2018)
- Debut listing of QKC on Binance at June 5th 12:00 AM GMT+8, 2018
- Public testnet 1.0 has been launched since July 7, 2018, with 14,000+ TPS on the peak.
QuarkChain Testnet 1.0 was built based on standardized blockchain system requirements, which included network, wallet, browser, and virtual machine functionalities. Other than the fact that the token was a test currency, the environment was completely compatible with the main network.
- Opened source codes on Sept. 17, 2018
- QuarkChain testnet 2.0 was officially launched on Dec. 1, 2018.
Testnet 2.0 further improves the openness of the network. In addition, Testnet 2.0 allows community members (other than citizens or residents of the United States) to contribute directly to the network, i.e. running a full node and mining, and receive testnet tokens as rewards. QuarkChain Testnet 2.0 supports multiple mining algorithms, including two typical algorithms: Ethash and Double SHA256, as well as QuarkChain’s unique algorithm called Qkchash — a customized ASIC-resistant, CPU mining algorithm, exclusively developed by QuarkChain. Mining is available both on the root chain and on shards thanks to QuarkChain’s two-layered structure. Miners can flexibly choose to mine on the root chain with higher computing power requirements or on shards based on their own computing power levels.
- QuarkChain Wallet — qPocket (V1.1.0) has officially launched on Dec. 7, 2018.
qPocket supports QuarkChain ecosystem, Ethereum ecosystem, and Dapp.
QuarkChain Community and Ecosystem Milestone(2018)
- QuarkChain Asian Tour
QuarkChain held a series of offline meetups in Asia. We have been to Kunming, Peking University, Seol, Shanghai, Hangzhou, Shanghai Jiaotong University, Singapore and Beijing to deliver speeches and interact with local blockchain enthusiasts and QuarkChain supporters.
- QuarkChain European Tour
QuarkChain team has traveled to several countries across Europe from Oct. 31 to Nov. 9. Four offline meetups were held in Prague, Berlin, Amsterdam and Paris. During the 10-day trip in Europe, Dr. Zhou and Anthurine Xiang also participated in several influential events in Europe.
- Ecosystem Partnership
We announced a strategic partnership with NH Investment&Securities. The two parties will focus on developing the blockchain technology and platform which will be applied in the financial market. NH Investment&Securities is one of the largest securities companies in Korea which manages $220 billion in assets and offers a wide range of financial services. QuarkChain has launched partnership with 70+ high-quality projects and QuarkChain ecosystem universe is continuing to expand.
QuarkChain officially launched the Global Ambassador Program on Nov. 7, 2018. The first batch of ambassadors has been announced. They are from China, France, India, Vietnam, Russia, Malaysia, Nigeria, Peru, Spain, Slovakia, Ukraine and other countries.
- Bounty Program
QuarkChain announced a bounty program on Dec. 22, 2018. Community members have and will help us build a more active, friendly and valuable community by fulfilling the tasks we published, and get community cumulative points as a reward. The more contributions one makes, the more rewards one will receive.