Welcome to the 51st QuarkChain Monthly Report. This is our March issue. We will post monthly reports including development progress, monthly news, and events at the end of each month. In the future, QuarkChain strives to do better. Let’s review what happened in the past month!
Highlights:
- Engineering team designed mainnet 1.4.0 end-to-end automation test framework
- Added AddRootBlock gRPC to support broadcasting root blocks to all shards
- Published an preview on the latest functionalities of QuarkChain’s multinative token
- QuarkChain launched the first native utility token on the network — QNUT
- QuarkChain aims to design the next generation of DeFi network by using the Boson consensus
1) Development Progress
Major Updates
Added
- Added AddRootBlock gRPC to support broadcasting root blocks to all shards
- Added gRPC server for adding minor block header
- Added get unconfirmed header gRPC client
- Designed mainnet 1.4.0 end-to-end automation test framework
Updated
- Updated proto files for consistent naming and formatting
- Updated gas calculator for transfer_mnt precompiled contract
- Updated system contract to prevent gas limit / gas price overflow
- Optimized memory usage of checkdb in goquarkchain
2) Developer Events
QuarkChain Developer Community is under continuous update
QuarkChain opened a developer community, and we will continue to post development updates. If you encounter any questions, please visit QuarkChain’s technical community at: https://community.quarkchain.io/, leave your questions there and our support team will provide you solutions as soon as possible!
3) Articles Summary
3.1 Previewing Functionalities of QuarkChain’s Multinative Token
Attempting to resolve the problems appearing in smart contract tokens such as those appearing in ERC20, QuarkChain launched a unique multi-native token contract. . The tokens living on QuarkChain’s ecosystem have the same rights as those enjoyed by the native token QKC and can take up more functional values such as contract deployment and payment of transaction fees than merely as an financial instrument.
For more details, please check:https://medium.com/quarkchain-official/launching-native-tokens-with-just-one-click-668113abf330
3.2 Building The Next Generation of DeFi Network
Since its inception, QuarkChain aims to design the next generation of DeFi network with these goals: higher security, lower transactions, high usability, and more convenience. The QuarkChain network leverages its proprietary Boson consensus technology and solves all the existing problems faced by Ethereum, while providing the following advantages: high usability of its services, low transaction fees, multinative assets, and composability of cross-chain DeFi.
For more details, please check:https://medium.com/quarkchain-official/building-the-next-generation-of-defi-network-9a5582d487d6
3.3 QuarkChain Launched the first native utility token on the network
QNUT is the first native utility token on the QuarkChain network. With years of careful development, QuarkChain is poised to support the next generation of large-scale DeFi platform. NUTS Finance has world-class financial talents and many years of development and experiences in the blockchain DeFi area. The partnership between QuarkChain and NUTS Finance can reshape the existing DeFi ecosystem and help build an even more flourishing ecosystem.
For more details, please check: https://medium.com/quarkchain-official/building-the-next-generation-of-defi-network-9a5582d487d6
4) Events
3/9 BoLian Finance: A Visible Future
On March 9, 2020, Anthurine, the co-founder and CMO of QuarkChain joined AMA named “From Defi to Open Finance.” Anthurine explained the definition of DeFi and open finance, the advantages and disadvantages of defi, open finance, and traditional central finance. She also expressed her view on the outlook of open finance and opined that QuarkChain is poised to support the next generation of large-scale DeFi platforms by using Boson consensus.
3/10 Guowei Finance: Defi Application Editor
On March 10 2020, Anthurine, the co-founder and CMO of QuarkChain, participated in the round table organized by Guowei finance. She introduced the advantages and disadvantages of DeFi: it has low cost, high transparency, openness and convenience while holding high barriers for usability. During The sharing, she also introduced that QuarkChain network not only can support DApp’s smart contract tokens which are similar to ERC20, but can also support Dapp’s native token, which has the same functions as ETH and QKC. QuarkChain network also supports public chains.
3/12 Huoxing Finance: New ways to play Defi in 2020
On March 12, 2020, the Chief editor of Huoxing Finance had a in-depth dialogue with Dr. Qi Zhou, founder and CEO of QuarkChain. Dr. Zhou analyzed cogently the advantages of public chains in the financial field, the prospect of the development of DefI business, and the urgent problems to be solved. He said that the long-term development trends of the public chain are high throughput, flexible upgrading, and becoming a more open platform.
3/14 Special AMA “From Defi to Open Finance”
On March 14, 2020, we held a special AMA in the telegram group. Dr. Qi Zhou, CEO and founder of QuarkChain together with Terry Lam, co-founder of NUTS Finance, gave their opinions about the current situation about Defi and open finance. They also shared the future strategies in the Defi area.
Check the AMA summary here: https://medium.com/@quarkchainio/quarkchain-nuts-finance-ama-summary-03-14-2020-7a9588545958
3/14 2020 Silicon Valley Women in Engineering Conference
In late February, Anthurine, the co-founder and CMO of QuarkChain, attended the Silicon Valley Women in Engineering 2020 summit. Anthurine shared her thoughts on “Future-oriented Blockchain”. Anthurine mentioned that one of the main directions to increase the availability of blockchain systems and to accelerate the early landing of blockchain technology is to improve the network effect of the whole blockchain system. One way of accomplishing that is to enhance the compatibility and flexibility of the systems to enable speedy development of the entire ecosystem of the blockchain network. In this regard, QuarkChain relies on the Boson consensus to not only build the public chain, but also recently launched the enterprise-level solution, QuarkChain Union, to meet more specialized needs under different scenarios.
For more details, please check: https://medium.com/@quarkchainio/quarkchain-participated-in-silicon-valley-wie-summit-and-interacted-with-female-engineers-online-c5bf6fa77aa
3/18 Jinse Finance：Challenges and Solutions of Public Chains
On March 18, 2020, Anthurine, the CMO of QuarkChain, participated in the online AMA hosted by Jinse Finance. Revolving around the topic of “challenges and solutions of public chains”, Anthurine shared with the audience the four components that make up a public chain: consensus mechanism, transaction model, ledger, and token economics. She expressed that the current trend in the industry is that the alliance chains and the public chains complement each other. The future enterprise-level applications will require a comprehensive infrastructure solution that combines both alliance chains and public chains as a way to satisfy demands from all fronts.
3/20 CryptoBuffett: Rethinking the Value of Public Chain in the Turbulent Global Market
On March 20, 2020, Anthurine, the CMO of QuarkChain, participated in the sharing of the CryptoBuffett community. She shared the views on market turbulence and the risk-resistant ability of the team from the perspective of the public chain. She said that on the one hand, people with technical ability from all over the world are welcome to build their own chain or Dapp by using the underlying layer of QuarkChain, and on the other hand, QuarkChain also provided customized enterprise solutions.
3/25 Changqing Finance: The Crisis and Opportunity of Public Chain Ecosystem in 2020
On March 25, 2020, Anthurine, the CMO of QuarkChain, joined an online AMA hosted by Changqing Finance. She said: in the past, public chain projects aimed to improve TPS, establish communities, launch mainnet , and continuously launch a series of Dapps. Most of these Dapps are of serious homogeneity and have few users. Now the more generalized definition of public chain is not only the mainnet + Dapp, also includes the idea of a flexible framework that can support the underlying structure of the public chain. In the future, the QuarkChain team will focus on the enhancement of compatibility, flexibility and interoperability.
5) FYI
Thanks for reading this report. QuarkChain always appreciates your support and company.
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