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Bitcoin Alternative Quark (QRK) Increases In Value 500% In The Last Week – Features Accessible CPU Mining
3 December 2013 | BitcoinPRFBuzzeed.com
Check the Quarkcoin Price and trade QRK/BTC at Coins-e.com
On July 21, 2013 new digital currency Quark (QRK) was announced on the Bitcointalk forum; an open source blockchain based digital currency using six different hashing functions—designed to be more secure and easier to spend than Bitcoin. The Quark protocol has a blockchain speed of just 30 seconds with a high per block reward. Transactions take only three minutes to confirm. It is also geared towards CPU mining, making it accessible for anyone with a computer to mine. Quark currently has over 20 merchants accepting it as a payment method, and the currency is traded for Bitcoin on digital currency exchanges Cryptsy, Coins-E, and Bter and will soon open up on Chinese exchange btc38.com. As of the time of writing one Quark is currently trading for $0.20 USD per QRK equivalent in Bitcoin: this is an increase of over 500 percent in just one week. The Quark / Bitcoin currency pair on Cryptsy has the highest volume by far of all the 92 digital currency pairs which can be traded there. The project has an extremely active community, with already two forums dedicated to Quark; there are wallet clients for Mac, Windows, and Linux.
One of Quark’s developers, Kolin Evans, was recently interviewed by Bill Still of the Still Report as part of a four day feature on Quark which ended on Thanksgiving Day. Kolin explained the purpose of the Quark currency is to build on what Bitcoin has accomplished and improve it to make it less centralized and more accessible than Bitcoin. Quark is also designed to be mined with CPUs rather than specialized hardware such as ASICs; meaning that anyone worldwide with a computer can mine QRK.
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