QuarkChain’s New Ethereum Layer 2 Embraces Ethereum’s Evolution with the Cancun Upgrade
With the impending Ethereum Cancun upgrade, QuarkChain’s future plans for transitioning to L2 are becoming more pronounced. Leveraging years of accumulated technical expertise and research, QuarkChain strategically announced its transition to Ethereum Layer 2.
This evolution signifies more than a mere shift in direction; it represents a profound commitment to innovation and adaptability within the ever-evolving landscape of blockchain technology. By aligning with Ethereum’s influential market presence, QuarkChain seizes the opportunity to integrate its proprietary sharding technology seamlessly into Ethereum’s developmental trajectory.
QuarkChain’s Technological Differentiators: zk Fraud Proof and Parallel EVM
Our current core technology to differentiate QuarkChain’s layer 2 from others is the zk Fraud Proof technology, which aims to reduce the finality time of Optimistic rollup from 7 days to 1 hour (see the proposal here).
We have also conducted extensive research on Parallel EVM and decided to implement it into QuarkChain’s Layer 2.
Parallel EVM emerges as a groundbreaking solution to amplify the speed and efficiency of the Ethereum network by concurrently processing multiple transactions.This concurrent processing capability accelerates transaction throughput, reduces congestion, and minimizes fees — a real-world analogy to alleviating hassle and saving time.
It facilitates simultaneous processing of multiple transactions, enhancing user experience and reducing network congestion. Transactions are verified and finalized swiftly, minimizing wait times, reducing gas fees, and bolstering security.
The QuarkChain team has been researching it for quite a while, so we are ready to utilize its potential, offering a fresh narrative that warrants careful consideration.
Upon the completion of Ethereum’s Cancun upgrade, not only will QuarkChain’s L2 network benefit from enhanced Ethereum functionality, but it will also capitalize on the activation and advancement of the Ethereum ecosystem. This synergy promises increased efficiency for QuarkChain’s network and positions it to reap the benefits of the upgraded Ethereum ecosystem.
More things are in store for 2024, so stay tuned for more updates!
<QuarkChain Community>
- Website: https://www.quarkchain.io
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- Developer Community: https://community.quarkchain.io/
