QKC to Fiat Converter

The QuarkChain Network is a permissionless blockchain architecture designed to meet global commercial standards by providing a secure, decentralized, and scalable solution capable of processing over 100,000 on-chain transactions per second (TPS). Key features of the network include:

- Flexibility: QuarkChain supports multiple consensus mechanisms, transaction models (including virtual machines), ledger structures, and token economics within a single network. It allows customization of these elements per shard to accommodate diverse industry, enterprise, and DApp requirements. The network currently supports Proof-of-Work (PoW) and Proof-of-Staked-Work (PoSW), with plans to integrate additional consensus models like DPoS and PoS in the future. QuarkChain is EVM-compatible, enabling Ethereum-based DApps to deploy seamlessly. The team also intends to expand support for other virtual machines, such as EOS VM, across different shards.

- Scalability: The network is engineered to achieve over 100,000 TPS, with community-driven tests demonstrating peak throughput exceeding 55,000 TPS.

- Decentralization: QuarkChain employs a two-layered structure that allows individual miners of varying capabilities to participate directly without relying on mining pools. Users can mine on either the root chain or individual shards.

- Usability: The network supports native tokens, enabling unique tokenomics per shard. Cross-shard transactions are scalable, and users can access all shard resources with a single account. Smart wallets further simplify asset and transaction management.

QuarkChain aims to balance high performance with decentralization while offering developers and enterprises adaptable blockchain solutions.