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Quark (QRK)

$0.009542USD
1.00000000 QRK
(-9.54 %)
Rank 482
Coin
Market Cap
$ 2,491,850
Volume 24h
$ 1,056,200
Circulating Supply
261,201,000
Total Supply
247,000,000
Quark Chart
Description Quark

Quarkcoin is a coin which increases security by using 9 rounds of hashing from 6 different hashing algorithms - blake, bmw, grøstl, JH, keccak, skein. 3 of the hashing rounds apply a random hashing function. This compares with Bitcoin's solitary use of SHA-256 algorithm. There is no pre-mine for this coin. A new block is generated every 30 seconds and 2048 Quark is given out as reward per block at the beginning. This reward halves every 60480 blocks or roughly every 3 weeks. The initial supply of Quark is 247 million and this is expected to be mined in roughly 6 months since launch date. The supply will then continue to increase at an inflationary rate of 0.5% per year. Quarkcoin was launched on 21 July 2013.

Quark Price $0.00954226
Market Rank #482
Market Cap $ 2,491,850
Volume 24h $ 1,056,200
Circulating Supply 261,201,000
Total Supply 247,000,000
24h Change -9.54 %