On July 21, 2013 fresh digital currency Quark (QRK) wasgoed announced on the Bitcointalk forum, an open source blockchain based digital currency using six different hashing functions—designed to be more secure and lighter to spend than Bitcoin. The Quark protocol has a blockchain speed of just 30 seconds with a high vanaf block prize. Transactions take only three minutes to confirm. It is also geared towards CPU mining, making it accessible for anyone with a rekentuig to mine. Quark presently has overheen 20 merchants accepting it spil a payment method, and the currency is traded for Bitcoin on digital currency exchanges Cryptsy, Coins-E, and Bter and will soon open up on Chinese exchange btc38.com. Spil of the time of writing one Quark is presently trading for $0.20 USD vanaf QRK omschrijving te Bitcoin: this is an increase of overheen 500 procent ter just one week. The Quark / Bitcoin currency pair on Cryptsy has the highest volume by far of all the 92 digital currency pairs which can be traded there. The project has an utterly active community, with already two forums dedicated to Quark, there are wallet clients for Mac, Windows, and Linux.
One of Quark’s developers, Kolin Evans, wasgoed recently interviewed by Bill Still of the Still Report spil part of a four day feature on Quark which ended on Thanksgiving Day. Kolin explained the purpose of the Quark currency is to build on what Bitcoin has accomplished and improve it to make it less centralized and more accessible than Bitcoin. Quark is also designed to be mined with CPUs rather than specialized hardware such spil ASICs, meaning that anyone worldwide with a pc can mine QRK.
With a blocktime speed of just 30 seconds and a transaction confirm time of just three minutes (6 blocks), Quark is swift, alleviating some of the long Bitcoin transaction confirm wait times. Security is a top priority for Quark. With nine rounds of hashing using six different hashing functions, the Quark network is not only secure for the present, but is well ready to overeenkomst with future unknowns. With a brief term for mining the majority of the coins—out of 247 million to be mined te the very first six months, 245 million have already bot mined—this ensures that extra mining will not dilute the value of the currency. However, there will never be less than a one QRK prize vanaf block, amounting to an annual increase of one million QRK, or a yearly inflation of 0.Five procent. Quark is also designed to be mined with CPUs rather than specialized hardware such spil ASICs, meaning that anyone with a rekentuig can mine them.
Two features make Quark lighter to use spil a currency than Bitcoin. Very first is the larger amount of coin that will be placed ter circulation — 247 million (plus an extra one million vanaf year) compared to only 21 million everzwijn for Bitcoin. This makes it possible to overeenkomst te entire units of currency, or at least large decimals, rather than thousandths of units, or out to the third and fourth decimal place, spil is becoming standard with Bitcoin. 2nd, the annual inflation rate provides an extra motivation to actually spend Quarks rather than view them spil an asset to hold or speculate on. Spil of this writing, overheen 20 merchants already accept Quark spil payment and with its latest acceptance by CoinPayments.televisiekanaal, many more will soon go after.
Quark comes on the toneel at a time when rente te cryptocurrencies has never bot higher. Within days of being announced it could be traded on three different exchanges, making it possible for many people to hold it. It can and always will be primarily mined with CPU’s — ordinary computers. By the end of the initial six months when the vast majority will already be mined, Quark will have a broad base of support among users. This combined with its quick adoption by merchants makes it a good choice for spendable currency.
With its numerous hash protocol, its availability to people with limited resources to buy or mine, and its large market cap of 247 million, Quark is poised to not only be a solid digital currency investment but a usable currency spil well. Online merchants worldwide are able to accept Quark for payment by using CoinPayments.nipt, and QRK is about to be listed on the Chinese exchange btc38.com. Quark is well placed to fairly possibly bring large benefits to both investors and end users.
Quark Payment Processor For Online Merchant Payment Gateways and Invoicing te QRK: http://coinpayments.televisiekanaal
For the technically minded here are the Quark (QRK) protocol details:
- Super secure hashing: uses six hashing functions (blake, bmw, groestl, jh, keccak, skein) te nine rounds. Three rounds apply a random hashing function.
- 30 2nd block target.
- Mining difficulty retargets every 20 blocks with a maximum 10% up and 50% down.
- 2048 QRK vanaf block prize, halves every 60480 blocks., approximately every three weeks. Block prize will never druppel below 1 QRK vanaf block.
- 247 million QRK will be mined te initial six months (245 million have already bot mined), and 1 million will be mined every year after that—a 0.5% inflation.
- Designed for accessible CPU mining, not enough prize for specialized mining hardware.
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This Press Release is for informational purposes only and should not be taken spil investment advice. Please raadpleging with your financial advisor before investing ter QRK or any other digital currency.