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Quai Network

Quai Network

Quai Network is a layer 1 scaling solution for proof-of-work chains utilizing blockchain sharding technologies and novel Proof of Entropy Minima consensus.

OverviewStructured DataIssuesContributors

All edits by  Veronika Polar 

Edits on 25 Aug, 2023
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Veronika Polar
edited on 25 Aug, 2023
Edits made to:
Infobox (+5/-4 properties)
Description (+22/-16 characters)
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Quai Network

Quai Network is a layer 1 scaling solution for proof-of-work chains utilizing blockchain sharding technologies and novel proof-of-workProof 2.0of Entropy Minima consensus.

Infobox
Strategic Partnerships
0
Hash Function
‌
BLAKE3
Official Website
https://quai.network/
Whitepaper
https://quai.network/litepaper.pdf
CTO
‌
Karl Kreder
Hash Function
Telegram URL
https://t.me/QuaiNetwork
https://t.me/QuaiNetwork_Announcements
Official Website
http://qu.ai/
Edits on 3 Sep, 2022
Veronika Polar profile picture
Veronika Polar
edited on 3 Sep, 2022
Edits made to:
Topic thumbnail

Quai Network

Quai Network is a layer 1 scaling solution for proof-of-work chains utilizing blockchain sharding technologies and novel Proof of Entropy Minima consensus.

Veronika Polar profile picture
Veronika Polar
edited on 3 Sep, 2022
Edits made to:
Infobox (+1 properties)
Infobox
Investors
Structure
Structure
0
Edits on 18 Aug, 2022
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Veronika Polar
edited on 18 Aug, 2022
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Article
Article

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Veronika Polar
edited on 18 Aug, 2022
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Article

Veronika Polar profile picture
Veronika Polar
edited on 18 Aug, 2022
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Article
What is Quai Network?
...
Netowork of Chains
Quai Architecture
...

Quai Token

The token ensures that the netowrk is secure, spam-resistant, and decentralized. The Quai tokenomics are under ongoing development, all further infromation is subject to change before the Quai Network's Mainnet launch.

Token Distribution

Area
Allocation, %
Details

Adoption Incentives

25

Partnerships with companies, governments, underserved societies

Bounties

5

Awards for cotributors in code, content, media, and protmotion

Community

3

TBA

Contributors

4

Core developers of the Quai Netowork infrastructure

Exchange Liquidity

2

Early-stage liquidity provision to accomodate the initial influx of adopers upon Mainnet launch

Edits on 5 Aug, 2022
Veronika Polar profile picture
Veronika Polar
edited on 5 Aug, 2022
Edits made to:
Description (+131 characters)
Topic thumbnail

Quai Network

Layer 1 scaling solution for proof-of-work chains utilizing blockchain sharding technologies and novel proof-of-work 2.0 consensus.

Veronika Polar profile picture
Veronika Polar
edited on 5 Aug, 2022
Edits made to:
Infobox (+5 properties)
Timeline (+4/-2 events) (+143/-173 characters)
Article (+2051 characters)
Article

...

...

Netowork of Chains

Quai is a modular blockchain network consisting of three types of chains: Prime, Region, and Zone. At the mainnet launch, the network will start with 13 chains, a single Prime chain, 3 Region chains, and 9 Zone chains, organized in a 3x3 hierarchical structure. It is possible to scale horizontally to add more chains on demand.

The Prime Chain

The Prime chain addresses the whole network by aggregating and settling state transitions. The chain uses a memory-intensive hashing algorithm that is shared across all chains lower in the hierarchy. The PoW provided by the Prime blocks is used to secure the rest of the network. Out of the three types of chains, the Prime chain has the highest difficulty and the lowest throughput. Each block is approximated at every 15 minutes. It is the only chain that every Quai Network miner mines.

The Region Chains

The Region Chains, Cyprus, Paxos, and Hydra, are one tier lower in the network hierarchy than the Prime Chain. The three chains are able to interact natively on the network, but are still separate chains requiring unique mining power. It is possible to add more Region Chains based on user demand in the future.

These chains have a higher throughput and lower difficulty than the Prime Chain, with throughput approximated at about one block every 5 minutes. To mine Quai, the operator must choose one of the Region Chains to mine in addition to the Prime Chain.

The Zone Chains

Each Region Chain has three subordinate Zone Chains. The naming of the Zone chains goes by adding a number to the Region chain they are under. The Cyprus Region Chain, for example, has three subordinate Zone Chains: Cyprus 1, 2, and 3. Miners choose only one of the chains to mine. Thus, the total minir requirement is the Prime Chain, one of the three Region Chains, and one of the three subordinate Zone Chains.

The Zone Chains have the highest throughput and TPS capacity. Each Zone Chain is expected to output a block every 10 seconds. It is expected that msot network activity will happen on Zone Chains.

Infobox
Industry
Blockchain
Blockchain
0
Blockchain and cryptocurrency
Blockchain and cryptocurrency
0
Investors
Polychain Capital
Polychain Capital
0
Alumni Ventures Group
Alumni Ventures Group
00
Zero1 Capital
Zero1 Capital
0
Location
Zug
Zug
0
Number of Employees (ranges)
20 – 490
Consensus mechanism
‌
Proof-of-work 2.0
0
Founder
Sriram Vishwanath
Sriram Vishwanath
0
‌
Karl Kreder
0
‌
Alan Orwick
0
Hash function
‌
BLAKE3
Timeline

August 5, 2022

Quai Network | The Merged Mined Network of Blockchains

June 29, 2022

Social Media Rewards Program launch

June 24, 2022

The Quai Network Ambassador Program

May 5, 2022

Quai Network raises $2M from Alumni Ventures

March 24, 2022

Quai Network Raisesraises $8M Fromfrom Polychain Capital - Quai Network

February 18, 2022

Quai Network Launches Bronze Age Testnet - Quai Network

February 18, 2022

Bronze Age Testnet

November 17, 2021

Quai Network Launches Stone Age Testnet -- Alpha - Quai Network
Edits on 2 Aug, 2022
Veronika Polar profile picture
Veronika Polar
edited on 2 Aug, 2022
Edits made to:
Infobox (+2/-2 properties)
Infobox
Is a
Investor
Investor
Organization
Organization
Company Operating Status
Active
Crunchbase URL
https://www.crunchbase.com/organization/quai-network

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