Quai Network provides innovative solutions in blockchain technology, significantly enhancing scalability while preserving security and decentralization.
Foundation and Vision
Quai Network was founded in 2019 by a team of technologists including Alan Orwick. In 2021, they published a whitepaper that outlined the platform's development path. The project attracted $15 million from investors such as Polychain Capital.
Architectural Innovations
The key innovation in Quai Network's architecture is its hierarchical structure of interconnected chains. The application of the Proof-of-Entropy-Minima consensus mechanism enables a throughput of over 50,000 transactions per second at low fees.
Dual-Token Economic Model
Quai Network's economic system is represented by two tokens: QUAI and QI. QUAI serves as the primary utility token, whereas QI is designed as an energy-backed stablecoin to provide stable value.
Quai Network offers innovative solutions to achieve scalability in blockchain while preserving security and decentralization. The project continues to develop and attracts attention for its technologies and unique economic approaches.
