QKC, as a native cryptocurrency, is a major part of the QuarkChain network ecosystem and is designed to be used only as digital tokens on the QuarkChain network. QKC will initially have the team publish ERC-20 compliant digital tokens on Ethereum and eventually migrate these digital coins to the QuarkChain main network when it launches.
The primary goal of the QuarkChain network is to address the scalability issues of current blockchain systems. The goal of introducing QKC is to provide a convenient and secure payment and settlement mode among the interacting participants within the QuarkChain network ecosystem. QKC not in any way on behalf of the foundation, its subsidiaries, or any other company, enterprise or any of the shares, participation, right, title or interest, QKC nor authorized scrip holders bear any costs, dividends, income, profit or return on investment, is not intended to constitute a securities in Singapore or any relevant jurisdiction. QKC can only be used on the QuarkChain network, and the ownership of QKC has no express or implied rights other than the right to use QKC as a means of enabling the use and interaction of the QuarkChain Network.
In addition, QuarkChain is also the first public chain to successfully implement state sharding. Its perfect design of sharding function makes it not only realize high throughput capacity, but also realize the customization of four dimensions of different sharding consensus mechanism, ledger model, transaction model and token economy. QuarkChain has become a flexible, highly scalable and convenient blockchain underlying architecture integrating security, decentralization and efficiency.