Nine hashing rounds employing six distinct (and strong) hashing functions makes Quark extremely Secure.
Quark makes distribution easy by allowing for only CPU mining. Every individual can contribute.
With 30 second block times, your transaction will be confirmed in 40 seconds on average.
Quark is super secure and uses a different hashing algorithm with nine rounds of hashing from six unique hashing functions (blake, groestl, blue midnight wish, jh, SHA-3, skein). Three rounds deliver a random hashing function.
Even though most believe the SHA2 is sufficient at present, technology is always changing and improving. Just one of Quark's algos, SHA-3, was developed after SHA-2 in case it was somehow comprised in the future.
The multiple hash gives a further layer of security against unknowns that will enter the market down the road.
Quark generates a new block every 30 seconds. with a 2048 QRK block reward per block that halves every 60480 blocks (~ 3 weeks).
Only 247 million QRK mined in the first 6 months, then 1 million QRK every year. Quark has a .5% inflation to keep mining activity going and to keep the block chain resistant against 51% attacks to which Bitcoin is vulnerable. Being only CPU mined, this coin offers the average individual the rewards of mining.
Also, because of its 6 hashing functions, Quark is ASIC proof, making it too costly and near impossible to develop an ASIC to mine Quark. It was setup to be mined/minted by your average computer.
Distribution is Quarkcoin's strong point, although some will argue the opposite. Since Quark Coins were mined by CPU only, it was done by individuals at home numbering in the 1,000's (link) as opposed to Bitcoins being mined by very few.
Setting the time to mine most coins within the first 6 months discourages the ASIC miners from ever entering the market. With a majority of the coins mined, the price should hopefully stabilize more quickly than the other coins with longer time frames, making this crypto currency more desirable for everyday transactions.
Quark was not premined, though a significant amount was mined very early (and sold again very soon).
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