QKPay (Decentralized Wallet/Payment System), based on existing information, is not just a simple digital asset wallet, but a payment and clearing ecosystem built on Quark blockchain technology.
Its underlying logic is established on native blockchain characteristics and hybrid architecture design, aiming to solve the efficiency, cost, and compliance issues present in traditional payments and early blockchain payments.
Here is a detailed breakdown of QKPay's underlying logic:
1. Core Architecture: Hybrid Chain Structure (Consortium Chain + Public Chain)#
QKPay's core technical architecture adopts a hybrid model of "Consortium Chain + Public Chain". This is the most critical point in its underlying logic, aimed at balancing efficiency and transparency.
Consortium Chain (responsible for transaction clearing):
Logic: Handles daily payments, transfers, and settlements.
Advantages: Compared to public chains, consortium chain nodes are authorized, with extremely fast consensus speeds, capable of supporting high concurrent transactions (tested to support 2000+ TPS), ensuring payments are credited in seconds like credit card transactions, and at very low costs.
Public Chain (responsible for data synchronization and auditing):
Logic: Synchronizes key transaction data and clearing results to the public chain.
Advantages: Utilizes the immutability of the public chain to ensure data transparency and auditability, meeting regulatory compliance requirements and preventing internal malfeasance.
2. Operating Mechanism: Five Core Smart Contracts#
The QKPay system is driven by five core smart contract modules, which constitute its automated "brain," executing complex financial logic without human intervention:
1. Issuance Contract: Manages the minting (generation) and burning (recovery) of points or tokens, controlling the money supply.
2. Transaction Contract: Handles specific payment and settlement processes, ensuring accurate fund transfers.
3. Dividend Contract: Automates the distribution of profits, such as rewarding users based on the amount of tokens held or their contributions.
4. Governance Contract: Manages community voting and decision-making, achieving decentralized project management.
5. Risk Control Contract: Monitors abnormal transaction behaviors (such as money laundering and fraud), serving as the system's security "gatekeeper."
3. Security and Trust Logic#
QKPay's underlying security logic combines cryptography with an automated reconciliation mechanism:
Cryptographic Assurance: Utilizes a public-private key system to ensure asset ownership and employs hash algorithms to ensure transaction records are immutable.
High-Frequency Reconciliation Mechanism:
Logic: The system is equipped with an hourly reconciliation mechanism to promptly identify accounting errors.
For High-Frequency Users: Real-time reconciliation is implemented for users with frequent transactions, immediately locking accounts upon detecting anomalies to prevent risk spread.
Traceability: All fund flows are traceable, eliminating hacker deposits and false accounting behaviors.
4. Application Logic: Points Ecosystem and Cross-Industry Payments#
QKPay's underlying logic is not just about transfers, but about connecting. It is designed to bridge point and payment scenarios across different industries:
Breaking Silos: Through blockchain technology, it enables the on-chain confirmation and circulation of e-commerce points, membership points, and consumption points that were originally disconnected.
Commercial Applications: Supports payment settlements in scenarios such as micro-malls, cross-border e-commerce, and supply chain finance. For example, in supply chain finance, it can penetrate the credit of core enterprises to small and medium-sized enterprises at the end, reducing financing costs.
Summary: Overview of QKPay's Technical Layers#
To help you better understand its architecture, I have organized the following table:
| Layer | Name | Core Function | Key Logic |
|---|---|---|---|
| Application | Cross-Industry Payments | Commercial Implementation | Covers scenarios such as e-commerce, supply chain, government affairs, and retail, achieving point exchange. |
| Contract | Five Smart Contracts | Automated Execution | Manages issuance, transactions, dividends, governance, and risk control, constructing an automatically operating financial system. |
| Core | Hybrid Chain Architecture | Efficiency and Compliance | Consortium chain handles high-speed transactions, public chain provides transparent evidence, balancing performance and trust. |
| Data | Security and Risk Control | Foundation of Trust | Hourly reconciliation, real-time monitoring, hash traceability, ensuring absolute security of funds. |
In summary:
QKPay's underlying logic utilizes a hybrid architecture of "Consortium Chain + Public Chain" as its infrastructure, automating asset and payment management through smart contracts, and ensuring security with high-frequency reconciliation and cryptography, ultimately constructing a high-efficiency, low-cost, and compliant and transparent cross-border payment and points circulation ecosystem.
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