Quai Network

What Is Quai Network (QUAI)?

Quai Network is a scalable and programmable Proof-of-Work blockchain designed to serve as a new global monetary system. It introduces an energy-based "flatcoin," Qi, which functions as decentralized money for the compute economy, aligning its value with the cost of energy. It leverages a next-generation Proof-of-Work consensus mechanism called Proof-of-Entropy-Minima to eliminate block contention and provide lightning fast finality.

Dual Token System (QUAI/QI)

Quai implements a dual token system with two distinct transaction models. The QUAI token is based on the account model, supporting EVM-compatible smart contracts and programmable DeFi applications. In contrast, the Qi token operates on a UTXO model with fixed denominations, ensuring cash-like privacy properties by preventing address reuse.

Scalability Through Sharding

The network’s architecture comprises multiple interoperable chains, enabling high throughput of over 50,000 transactions per second without compromising decentralization. It integrates horizontal sharding and self-organized subnets for vertical and horizontal scaling, accommodating the demands of a growing user base of both humans and AI agents.

Proof-of-Entropy-Minima

PoEM uniquely enables hierarchical coordination of sharded blockchains. PoEM with workshares is in Nash equilibrium, unlike vanilla Proof-of-Work, thus eliminating selfish-mining. The process of achieving consensus using PoEM is deterministic, ensuring that all data within the network resolves to the same canonical head. This innovative approach also shifts the consensus mechanism’s focus from multi-round consensus to single-shot communication. PoEM has shown a 28.5% improvement in confirmation delay and a 16.3% improvement in throughput in a single chain setting. However, PoEM dramatically outperforms all current systems by enabling a chain with many shards.

QUAI tools include:

• Quais.JS SDKs which includes standard data structures and testing tools for Javascript.
• Pelagus Wallet browser extension for managing QUAI and QI wallets.
• Quaiscan Explorer for tracking and analyzing events on-chain.
• Quai MDK for mobile development of applications that interact with the Quai Network.

Who is the team behind Quai Network?

Quai Network is developed by Dominant Strategies. Core team members have spent over three decades in crypto, contributing original cutting edge R&D on core crypto system design/scaling, building popular consumer products, and growing some of the biggest businesses in the industry.

Quai Network Advisors:

• Stephen Wolfram: Founder & CEO of Wolfram Research
• Dionysis Zindros: Co-Founder & Researcher at Common Prefix
• Cesare Fracassi: Associate Professor of Finance at Texas McCombs
• Andrea Kalmans: Founder, Lontra Ventures