QuarkChain (QKC) Strategic Evolution: Unveiling Our Path Forward

2y ago•

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Dear Community,

We are pleased to provide a comprehensive update on the ongoing developments within QuarkChain and to present our strategic roadmap for the foreseeable future. The QuarkChain team has been unwaveringly dedicated to pushing the boundaries of blockchain technology.

Strategic Transition: Pivoting QuarkChain to an Ethereum Layer 2 Project:

Over the past two years, the QuarkChain team has diligently researched and developed cutting-edge blockchain technologies. Following an exhaustive study, we are now embarking on a transformative journey — transitioning QuarkChain into an Ethereum Layer 2 project. This strategic shift is anchored in Ethereum’s dominant market position and substantiated by our meticulous research.

Leveraging QuarkChain’s proprietary sharding technology presents a significant opportunity to enhance Ethereum’s capabilities, aligning seamlessly with Ethereum’s developmental trajectory.

Our current core technology distinguishing QuarkChain’s Layer 2 is zk Fraud Proof technology, aimed at reducing the finality time of Optimistic Rollup from 7 days to just 1 hour. We are delighted to have a team of top-notch researchers and developers, addressing this challenging problem.

Development for Enriching the QuarkChain Ecosystem

QuarkChain, now an Ethereum Layer 2 project, can collaborate with Ethereum’s ecosystem to tackle scalability issues. Ethereum’s danksharding even further expands possibilities.

QuarkChain aims to and now can enhance scalability, storage, and web protocols, onboarding Ethereum projects for a more efficient ecosystem.

EthStorage is our incubated initiative, aiming to harness the security properties of the base layer while significantly expanding storage capacity to petabyte-level at a fraction of the current cost as a storage roll-up on Ethereum/QuarkChain. This tackles Ethereum L1/L2 costs and scalability challenges in the Web3 sphere. EthStorage is already in the testnet phase and has attracted interest from projects dealing with on-chain storage issues. The collaboration with developers and projects is underway to facilitate seamless integration with QuarkChain upon launch.

The QuarkChain team has developed the web3 Access Protocol (ERC-4804), to address centralization risks tied to centralized servers like https:// or ipfs:// for displaying data on websites. While technically challenging, we are proud to announce the protocol, which was finalized in February 2023, with support from the Ethereum Foundation.

Through EthStorage’s storage solution and the Web3 Access Protocol, QuarkChain is actively engaging with DApps, rollups, and projects, further expanding its ecosystem and advancing the data generation, storage, and display journey.

QuarkChain’s New Roadmap and Marketing Initiatives

As we redefine the project’s direction, we recognize the significant challenges ahead. QuarkChain has been minimizing marketing efforts while focusing on research and development in recent months. With our plans now crystallized more and more, we will proactively engage in comprehensive marketing and promotional activities, not only within our community but also in the broader market.

We intend to collaborate with diverse companies and projects that possess substantial community and marketing resources.

Our first ecosystem partner is BSC Station, a network with over 1200+ partners in the crypto space, a large and active community with 400k+ followers on Twitter and 285k on Telegram. By working with such partners, we anticipate a more impactful outcome for our marketing efforts, especially in conjunction with developments like EthStorage and the Web3 Access Protocol.

Other Key Achievements:

Acquired two grants from the Ethereum Foundation, one for Data Availability Sampling Research and another for Proof of Storage on a Dataset with an L1 Contract.
Proposed an almost instant interactive fraud-proof protocol for QuarkChain’s future Layer 2 roadmap.

We appreciate your ongoing support as we embark on this exciting journey of transformation and innovation.

QuarkChain Team