Quai Network is an advanced solution for layer one blockchains, overcoming traditional scaling limitations while maintaining robust Proof-of-Work security.
The Foundation: Background and Vision
Quai Network was founded in 2019 by a team of leading technologists including Alan Orwick and Jonathan Downing. Their vision was solidified with a whitepaper released in December 2021, aimed at overcoming limitations of existing blockchain solutions. The project attracted $15 million from major venture capitalists, including Polychain Capital and Alumni Ventures.
Technical Innovation: The Quai Network Architecture
At its core, Quai Network features a hierarchical structure of interconnected chains. A major innovation is its Proof-of-Entropy-Minima (PoEM) consensus mechanism, enabling high transaction throughput of over 50,000 TPS at minimal fees.
The Dual-Token Economy
Quai Network's economic model is driven by two tokens: the QUAI token, serving as the network's main currency, and the QI token, a stablecoin linked to energy prices. This model supports platform growth through innovative distribution and growth mechanisms.
Quai Network represents a significant advancement in blockchain technology, offering a unique blend of scalability and security, making it an attractive platform for the future of digital commerce.
