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Author Topic: An Interview With Quark’s Creator  (Read 820 times)
peterlustig
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December 17, 2013, 10:37:50 PM
 #1

http://www.quarkcoin.cc/2013/12/17/an-interview-with-quarks-creator/

Smiley




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KingGoon
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December 17, 2013, 10:40:38 PM
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Quark went from being just another crypto-currency in a long list of other alt-cryptos, to the #4 spot on CoinMarketCap.com, in a staggeringly short amount of time.

Love it  Grin

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All these girls excited ,Oooo ya know they like it ,Frozen so icy, so icy ,Haters don't try to fight it ,All yo friends invited ,Frozen so icy, so icy!!
peterlustig
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December 17, 2013, 10:45:24 PM
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A coin called SifCoin, released on the Russian forums, caught my attention because it used six different algorithms for hashing instead of one. All coins up to that stage (that I am aware of) used only one hashing algorithm. The obvious advantage of having multiple hashing algorithms on top of each other is to make the hash as a whole more secure. If one of the hashes is ever broken, there are five more to break. I modified this approach to interweave an additional three rounds of hashing for a total of nine rounds of hashing. These three rounds use a random hashing algorithm, making it even more difficult to break. Sifcoin used an approach where block reward increases over time, making for a very inflationary money supply. I instead attempted an approach where the coin supply would stay relatively stable over time. This is achieved in two ways, firstly by producing the coins in a relatively short period of six months, instead of years as is the case with Bitcoin, and secondly to have a constant yearly coin production of around a million coins per year.
This should put an end to the "Sifcoin clone" and "Scamcoin" posts. Although I wish this paragraph would be edited into the starting post of the QRK thread.  Grin




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bitrebel
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December 18, 2013, 05:33:20 PM
 #4

very interesting read. Thanks

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December 18, 2013, 05:54:11 PM
 #5

Leaving aside that this interview is a bit biased, Max Guevara seems like smart and reasonable guy.

Thanks for clearing few things up.

Keeping my quarks... come hell or high water. To the moon or to oblivion Cheesy
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