Market cap
$234.32K
0.8 %
Volume (24h)
$1.05
0.8 %
Circulating supply
294,715,718 QRK
Total supply
294,715,718 QRK
QuarkCoin (QRK)
$ 0.00
0.8 %
Main info
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Key data
updated $0Market cap$234.32K
Volume 24h$1.05
Circulating supply294.72M
QuarkCoin (QRK) is one of the older cryptocurrencies, launched back in 2013 as a lightweight, privacy-focused alternative to Bitcoin. It uses a Proof-of-Work consensus mechanism and multiple hash functions to secure its network, and it can be mined by anyone with regular hardware. In simple terms, it's a decentralized digital cash system designed to be fast and accessible.
Frequently asked questions
What is QuarkCoin and how is it different from Bitcoin?
QuarkCoin (ticker QRK) is a mineable cryptocurrency created in 2013 with a focus on faster confirmations and broader coin distribution. Unlike Bitcoin, which uses a single hash function (SHA-256), Quark combines several different hash functions, making it harder to attack with specialized hardware. Its shorter block time also means transactions confirm more quickly than on the Bitcoin network.
How does QuarkCoin's technology and consensus work?
QuarkCoin runs on a Proof-of-Work (PoW) consensus mechanism, meaning miners compete to validate transactions and secure the network. Its distinctive feature is the use of multiple rounds of different hashing algorithms, which was designed to resist ASIC mining and keep mining more decentralized. This multi-hash approach was one of Quark's main technical selling points at launch.
How is QuarkCoin's supply and emission structured?
QuarkCoin had a much faster emission schedule than Bitcoin — the vast majority of its total supply was mined within the first few years after launch, with only a small block reward remaining afterward. This front-loaded distribution was intentional, meant to avoid the slow decades-long issuance curve of Bitcoin. As a result, most QRK that will ever exist is already in circulation.
How can you store and use QuarkCoin?
QRK can be stored in the official Quark wallet, available through the project's website at http://www.qrk.cc/, or in any wallet that supports the coin. You can obtain it by mining with standard hardware or by trading on exchanges that list QRK. Like most cryptocurrencies, it can be sent peer-to-peer anywhere in the world without a bank in the middle.