Quai Network stands at the forefront of technology, offering a new blockchain model that overcomes the limitations of traditional systems while maintaining Proof-of-Work security.
The Foundation: Background and Vision
Quai Network's journey began in 2019 with a team including Alan Orwick and others. Their vision was crystallized with the whitepaper published in December 2021. The project has attracted significant investments, including $8 million from Polychain Capital and subsequent funding rounds.
Technical Innovation: The Quai Network Architecture
At its core, Quai Network offers a new architecture consisting of three-tiered chains. The core concept is the consensus mechanism Proof-of-Entropy-Minima (PoEM), providing high throughput and low fees, reaching over 50,000 TPS.
The Dual-Token Economy
Quai Network's economic model introduces a dual-token system with QUAI and QI tokens having different but complementary functions. QUAI serves as the primary utility token, while QI is designed as an energy-backed stablecoin.
Quai Network offers significant advancements in blockchain technology, combining scalability and security. The project has the potential to become a key player in digital commerce.
