Due to this reason, cross shards transactions are limited. Blockchains are linked to an intricate consensus protocol. The third aspect delivered by QuarkChain for the betterment of Blockchain technology is sharding. Hence, favorable conditions are provided for all parties to move forward with their transactions at higher speeds. In here, the user transactions would be provided with high priority and they will be completed within a short period of time. The inefficiency issues of Blockchain technology would be addressed by the lightning network.
Lightning network can also be considered as another unique aspect that you will be able to discover within the Blockchain technology. In addition, strategic mining attacks, reverse transactions and double spending attacks can also be eliminated. With multiple Blockchains, the vulnerability issues can easily be eliminated. It is looking forward to introduce multiple Blockchains with the objective of overcoming the issues that they face. The solution provided by QuarkChain is future-proof and easy to understand. However, it has failed to provide scalability for the individuals. As of now, the Cryptocurrencies are offering two of them, which include security and decentralization. They include security, scalability and decentralization. If Blockchain technology needs to get closer to the people, it should provide three unique aspects. What problems will be solved by QuarkChain? On the other hand, it can provide an excellent assistance to the smart contracts that are powered up by Ethereum Virtual Machine as well. With this initiative, QuarkChain will be able to take Blockchain technology and Cryptocurrencies to a wider audience. To achieve this functionality, QuarkChain would be using a Blockchain system with two layers. This has the ability to give solutions to all the performance related issues in Blockchain technology. It is looking forward to create a secure and a highly scalable Blockchain, which is in a position to handle up to a million transactions per second. QuarkChain can be considered as a Blockchain that is located on top of the Blockchain. That’s where QuarkChain is coming to play. Otherwise, it would not be possible to take the Cryptocurrencies to the next level. These are some inherent issues on Blockchain technology, which need to be addressed pretty fast. On the other hand, Ethereum can handle only up to 15 transactions per second. If you take Bitcoin, the network is in a position to handle only up to 7 transactions per second. All the Cryptocurrencies that exist out there in the world are experiencing scalability related issues. Blockchain scalability can simply be defined as a Blockchain network, which is in a position to handle a large number of transactions within a given period of time. People have been discussing a lot about Blockchain scalability in the recent past.