On the 21st of June, Credits announced a partnership with QuarkChain in order to expand joint activities in the blockchain market thereby achieving mutual awareness and advantage.
The Memorandum of Understanding that Credits and QuarkChain have signed calls for each party to focus its best efforts towards accomplishing common goals and benefits. Both companies agreed to share good practices and provide each other with consultancy and technical support. The partnership is going to touch upon a number of issues related to such industries like supply chain and OTC market. Credits and QuarkChain are aimed to bring to new technological solutions for Russian and Chinese business environment. Besides, companies have discussed a range of other potential services and are ready to elaborate on specific initiatives.
“Credits is an innovative blockchain platform with a talented team. QuarkChain and Credits will collaborate globally to drive blockchain adoption and build first-class solutions for the enterprise market”, – Qi Zhou, CEO & Founder at QuarkChain.
QuarkChain is a growth company that provides a secure blockchain solution for various types of projects. It is one of the first public chains that successfully implemented state sharing technology for blockchain. QuarkChain is able to support multiple virtual machines (VMs), various consensus algorithms, different ledger formats and even multi-native tokens in one network. Here are the main features of the company:
- Anti-Centralized Horizontal Scalability Expansion
- Efficient and Secure Cross-Shard Transaction
- Simple Account Management
- Cross-Chain Transaction
The operational aspects of QuarkChain network are the following;
- On-Chain and Off-Chain Transactions (Two-layered)
- Smart Contracts
- Account management
- Smart Wallet
“By partnering with QuarkChain we will add value and effectiveness to the development of our technology and contribute to our common decentralized tomorrow. Security and mutual trust are the keys aspects of the new reality. Without it, the whole process of development and formation will go the wrong way which will lead to a loss of the appropriate blockchain usage. Our common goal is to prevent such threat and to operationalize the technology into the world safe and technologically sound,” Igor Chugunov CEO & Founder at Credits.
About Credits Blockchain Platform
Credits is an international company that was founded in 2015 and is located in the USA, Singapore and Russia. Credits offers public and private solutions to its clients in any field of business needs. The peculiarity of Credits is a high-speed decentralized blockchain platform that provides up to 1 million transactions per second with a confirmation time of a single transaction around 0.1 second and low fees around 0.001 USD. The platform is intended to develop standalone smart contracts and decentralized applications.