QuarkChain Integrates Chainlink to Move Blockchain Applications Forward
QuarkChain, a high throughput and flexible sharding technology, is integrating Chainlink’s leading oracle technology to create a better smart contract development experience for enterprises and developers.
Chainlink has been developing blockchain oracles for many years and is notable for working with leading enterprise companies such as Google, Oracle and the Society for Worldwide Interbank Financial Telecommunications (SWIFT). Dr. Qi Zhou, QuarkChain founder, and CEO, highly praised their technical work: “Chainlink is a leader in the blockchain space and is working on real-world blockchain applications with technology giants such as Google. This has breakthrough significance for blockchain technology to enter the mainstream. We are honored to work with an excellent company such as Chainlink to expand the capabilities of QuarkChain’s smart contracts beyond on-chain transactions to touch more areas of users’ daily lives.”
Oracles trigger smart contracts by connecting them with data including that from the outside world (off-chain data, APIs, etc.). When the conditions of a smart contract are met, oracles will execute the smart contract. Many DApps on blockchains need smart contracts that call off-chain data to realize the transactions. But improperly obtained data without the use of a trusted oracle system is neither reliable nor secure. For example, a flight delay insurance contract needs accurate flight schedule data from trusted oracles in order to trigger and pay out the insuree appropriately.
Relying on the sharding and customizability of sharding elements, QuarkChain realizes high throughput and flexibility. QuarkChain offers targeted solutions for large enterprises and customized shards for small and medium-sized enterprises. By integrating Chainlink, developers on the QuarkChain network can successfully connect their Dapps and smart contracts to external data, effectively reaching more industry applications and moving the blockchain industry forward.
QuarkChain is a flexible, highly scalable and easy-to-use blockchain-based on sharding technology. It’s one of the first public chains that successfully implemented state sharding technology for blockchain in the world.
Super Flexibility: QuarkChain is the only public chain that can support multiple consensuses, multiple transaction models, different ledgers, and multi-token economics in one network. It can easily adapt to any blockchain innovations by customizing consensus, transaction model, ledger and token economics in each shard to satisfy different requirements of different industries/enterprises/DApps.
High Scalability: QuarkChain aims to deliver 100,000+ on-chain TPS. QuarkChain has a two-layered structure and encourages individual miners with different levels of capability to mine directly without joining mining pools. People can choose to mine either in the root chain or in the shard.
Great Usability: QuarkChain supports any native token which enables each shard to have their own token economy. It also supports scalable cross-shard transactions. Even better, there is only one account required to access entire resources in all shards, and smart wallets seamlessly simplify the management.
Chainlink is a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. Chainlink is consistently selected as one of the top blockchain technologies by leading independent research firms such as Gartner. It is well known for providing highly secure and reliable oracles to large enterprises (Google and SWIFT) and leading smart contract development teams.
Note: chainlinkecosystem.com does not claim any ownership of this content, all credit to QuarkChain, view official announcement.