What is Quark Coin?
Quarks are a form of online payment system but in a decentralised monetary system. Quarks to Friends, Family Members & Online Payments. Free of charges and chargebacks. Military Grade Encryption. No Bank or Government Control.
Quark Coins are based on the original idea of Bitcoin but improved, more secure, with improvements to design and security.
There is also a greater coin supply with higher block rewards for miners.Release date: July 21st, 2013
- Super secure hashing: 9 rounds of hashing from 6 hashing functions (blake, bmw, groestl, jh, keccak, skein). 3 rounds apply a random hashing function.
- CPU mining
- Quick block generation: 30 seconds
- 2048 QRK per block (halving every 60480 blocks ~ 3 weeks)
- Block reward will never drop below 1 QRK
- Total of 247 million QRK will be mined in ~ 6 months, after that ~ 1 million QRK p.a. (~ 0.5% p.a inflation)
- Difficulty retargets every 20 blocks (maximum 10% up or 50% down)