What is Qwark (QWARK)?
Future of QWARK Cryptocurrency and know how to buy QWARK

#1: What is a QWARK?

QWARK: The Basics

Qwark is a decentralised, secure, peer-to-peer cryptocurrency token based on the Ubiq blockchain, a hardfork from the Ethereum blockchain. The primary aim of developing QWARK was to make cryptocurrencies easier to use for the general public, reducing the steep learning curve for beginning miners, and to provide merchants with an easy and reliable payment system, that caters to their needs.

QWARK Development

  1. QWARK was initially launched as Sarcoin (SAR) on 4th July 2016. Its main developer was Luke William, and the Qwark project is backed by KryptoTech Blockchain Technologies, based in Seville, Spain.
  2. QWARK is an ERC20 token and was one of the first to be based on the Ubiq platform. Ubiq is a custom blockchain based off of the ethereum network, which aims to create a more stable and reliable base for Decentralised Applications (DApps) and smart contracts to run on.
  3. It emphasizes a methodical and logical update schedule, which ensures backward-compatibility with already running DApps and smart contracts active on the network.
  4. All QWARK coins were premined and distributed through their PoolMiners platform. This reduced the steep learning curve some users may have face while getting into cryptocurrencies and encouraged more people to delve into this area.

 

#2: What are the benefits of Qwark?

QWARK Technology

  1. Quark is based on Proof of Stake technology, unlike the Proof of Work concept followed by Bitcoin and its derivatives. This has resulted in a much faster and less resource-intensive network. Qwark uses an SHA-256 algorithm, similar to Bitcoin.
  2. QWARK is an EC20 token on the Ubiq blockchain, which means that it automatically supports DApps and Smart Contracts. It also takes advantage of Ubiq’s stable and comprehensive update schedule, which ensures older DApps and Smart Contracts do not become unstable or invalid due to updates or changes to the blockchain.
  3. The distribution schedule is similar to that of Bitcoin, with the total coins being distributed decreasing per block. Qwark has a distribution timeline of around 20 years, by the end of which all of the QWARK coins that have been previously mined would have been re-distributed back into the network among its users.

Key Features

  1. Proof of Stake concept - Unlike Bitcoin’s Proof of Work approach, which is very computationally intensive and detrimental to the environment, the PoS approach, is much more environmentally friendly and less resource intensive.
  2. Support for DApps - Since Qwark is based on the Ubiq platform, it automatically supports Decentralised Apps, which can be run on the platform securely, and also ensure that DApps do not lose support or functionality with future updates to the network.
  3. Support for smart contracts - Qwark also supports smart contracts, and the Ubiq platform ensures all smart contracts remain valid even with newer updates to the technology, preserving their history.
  4. Innovative distribution method - To reduce the learning curve of cryptocurrencies and encourage newer users to start using them, all QWARK coins are pre-mined and are distributed from their PoolMiners platform, lowering the entry bar for novice users. The distribution model used ensure up to 77% of the revenues generated is redistributed back to the users in the form of referral commissions.

 

#3: How to Buy & store Qwark?

How to buy Qwark

QWARK can be traded on many exchanges like Bittrex, Cryptopia, HitBTC, and EtherDelta, with Bittrex and Cryptopia being the largest ones by volume. Since all QWARK coins were premined, new QWARK coins cannot be mined.

QWARK Wallet

Since Qwark is an ERC20 token based on the Ubiq platform, all Ubiq wallets support Qwark coin. The official website recommends Pyrus as the wallet of choice for holding your QWARK tokens.

CoinSwitch

While cryptocurrency exchanges provide you with a platform to buy or sell the QWARK cryptocurrency, CoinSwitch, the largest cryptocurrency exchange platform, comes in to help you make the right decision by providing the prices for QWARK on multiple crypto exchanges. With support for more than 140 coins and 45,000 pairs of cryptocurrencies, you can choose whichever pair you want with your token and compare the prices at multiple exchanges. This way, you can choose the best deal for you!

What’s more - with CoinSwitch, you do not rely on a separate QWARK wallet from the exchange to store your QWARK cryptocurrency. Instead, all transactions happen to and from your own personal private wallets.

 

#4: What is the future of Qwark?

Also Read: Complete Analysis of Qwark | Live Qwark (QWARK) Price Charts And Predictions

Price History

Date

Open

High

Low

Close

Volume

Market Cap

Jun 01, 2018

0.073528

0.076586

0.069283

0.072677

17122

4153200

Mar 01, 2018

0.132223

0.153639

0.130383

0.148728

50528

6793090

Dec 01, 2017

0.154693

0.167927

0.142046

0.160879

115604

6442340

Sep 01, 2017

0.24918

0.253627

0.23682

0.248297

204195

7283250

Jul 01, 2017

0.129307

0.130798

0.11571

0.122508

56327

2925540

May 01, 2017

0.037267

0.04107

0.034647

0.03935

14941

585606

Feb 01, 2017

0.036856

0.040065

0.035341

0.039268

2170

2298090

Nov 01, 2016

0.017174

0.01893

0.017174

0.018751

1152

1069660

Aug 01, 2016

0.058408

0.060033

0.054893

0.054901

530

3633280

May 01, 2016

0.088939

0.093147

0.088828

0.089611

249

-

  1. Qwark has had a fairly normal run so far, responding to market fluctuations as expected, and continues to be traded actively across the cryptocurrency network.
  2. With its PoS-based mining approach, and its focus on a unique distribution method for its token, Qwark should attract more eyeballs as it grows in size.
  3. Being a coin with a relatively smaller market share, Qwark potentially might see an increase if more people decide to invest in it in the future.
  4. Due to its smaller size, it remains one not hogging much of the media limelight, and is therefore, on to a slower start.

 

#5: How is Qwark different from other cryptos?

  1. Proof of Stake - The PoS approach, is much more environmentally friendly and less resource intensive than Bitcoin’s PoW approach, resulting in a faster and leaner mining experience.
  2. Supported by a Global, Decentralised Platform - QWARK coin is supported by the Ubiq platform, a global, peer-to-peer infrastructure that not only provides a robust base for DApps and smart contracts, but also ensures that all active DApps and contracts will continue to work with future updates to the network, enabling long-term contracts and a more reliable platform.
  3. Niche market share - Due to the niche market share of Qwark, it makes it easier to accumulate a large number of QWARK coins without much difficulty, increasing the chances of profit, unlike other altcoins with a saturated market that can be difficult to get started with.
  4. Unique distribution method - All QWARK coins are have been premined, with the premined coins being distributed from their PoolMiners mining platform. This makes it easier for people with little technical knowledge to start accumulating QWARK coins.

 

#6: Should you invest in Qwark?

  1. Qwark may be an ERC20 token, but its running on a network forked from the Ethereum blockchain.
  2. This means that the crypto is likely to face stiff competition from what is certainly a big competitor that has grabbed the lion’s share of attention in the cryptocurrency industry so far.
  3. But Qwark offers a PoS-structure that Ethereum is yet to move to, plus it seems to offer more incentive to miners securing its network than most other cryptocurrencies.
  4. Investing in any cryptocurrency is subject to their inherent volatile nature, and should only be done after careful research and consideration of all associated variables. While Qwark has had promising runs in the past, there aren’t enough unique merits to Qwark that can’t be found in other similar altcoins, making research a necessity before investing in Qwark.
Related Searches



Buy QWARK using credit cards at the best rates
Buy Now
Buy QWARK using credit cards at the best rates