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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

Contents

OverviewArchitectureThe Prime chainThe Region ChainsThe Zone chainSecurityDashboardTokenTable: Token DistributionTimelineTable: Funding RoundsTable: ProductsTable: AcquisitionsTable: SBIR/STTR AwardsTable: PatentsTable: Further ResourcesReferences
qu.ai
Is a
Organization
Organization
Cryptocurrency
Cryptocurrency
Company
Company

Company attributes

Industry
Blockchain and cryptocurrency
Blockchain and cryptocurrency
16
Layer 1 network
Layer 1 network
20
Web3
Web3
Blockchain
Blockchain
16
Cryptocurrency
Cryptocurrency
21
Location
Zug
Zug
B2X
B2C
B2C
CEO
‌
Alan Orwick
Founder
Sriram Vishwanath
Sriram Vishwanath
‌
Karl Kreder
18
‌
Alan Orwick
AngelList URL
angel.co/company/quai-network
Pitchbook URL
pitchbook.com/profiles...498274-03
Number of Employees (Ranges)
1 – 1025
Email Address
team@dominantstrategies.io17
Investors
Structure
Structure
22
Polychain Capital
Polychain Capital
23
Alumni Ventures Group
Alumni Ventures Group
23
Zero1 Capital
Zero1 Capital
23
137 Ventures
137 Ventures
Total Funding Amount (USD)
10,000,000
CTO
‌
Karl Kreder
Key People
‌
Jonathan Downing
‌
Raleigh Moore
Latest Funding Type
‌
Venture round
Wellfound ID
quai-network

Cryptocurrency attributes

Consensus Mechanism
‌
Proof-of-work 2.0
16
Hash Function
Loading...
Block Explorer URL
prime.quaiscan.io

Other attributes

Blog
blog.quai.network
CoinGecko ID
quai-network15
Company Operating Status
Active
Strategic Partnerships
DBS DAO
DBS DAO
Alumni Ventures Group
Alumni Ventures Group
Polychain Capital
Polychain Capital
TikTok URL
tiktok.com/@quainetwork
Written in
Go26
Overview

Quai Network is a proof-of-work (PoW) layer 1 scaling solution that supports an interwoven network of chains. Quai Network interweaves multiple blockchains, which increases the throughput of transactions. The name of the network is derived from a colloquial word in Mandarin, kuai, which is a reference to coins and money. The organization behind the network, Dominant Strategies, was founded in 2019 and published the whitepaper detailing Quai Network in 2021.

Architecture

Quai is a modular blockchain network consisting of three types of chains: Prime, Region, and Zone. The mainnet launch is intended to have a network with thirteen chains initially: a single Prime chain, three Region chains, and nine Zone chains. They will be organized in a 3x3 hierarchical structure. It is possible to scale horizontally to add more chains on demand.

The structure of Quai Network

The structure of Quai Network

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 greatest difficulty and the lowest throughput. Each block is approximated at every fifteen minutes. It is the only chain that every Quai Network miner mines. The Prime chain should not be used for simple transactions and is optimally used for situations where the whole network is being addressed.

The Region Chains

The Region Chains, known as Cyprus, Paxos, and Hydra, are in the next tier beneath 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 throughput approximated at about one block every five minutes due to the lower difficulty compared to that of the Prime chain. To mine Quai, the operator must choose one of the Region Chains to mine in addition to the Prime Chain. Region Chains are best utilized for network interactions that do not require the entire network to be addressed.

The Zone chain

Each Region Chain has three subordinate Zone chains. The naming of the Zone chains goes by adding a number to the Region chain to which it belongs. 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 miner 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, and each Zone chain is expected to output a block every ten seconds. Due to the high throughput of these chains, it is expected that most network activity will happen on Zone chains.

Security

In order to ensure that the network is secure, Quai Network has Coincident blocks. These blocks occur when either a Prime, Region, and Zone block are confirmed at the same time, or just a Region and Zone block. Due to this structure of security, the lower tiers have the same level of security as the top Prime tier.

Dashboard

In October 2022, Quai Network released the beta version of its dashboard. The dashboard is a place where users can check their social media rewards and interact with testnets. Users can earn Quai tokens ($QUAI) by completing simple tasks on participating social media platforms, such as YouTube, TikTok, and Instagram. The dashboard can be viewed by the user to see how many rewards they have accumulated, which are intended to be distributed as tokens once Quai Network releases its mainnet.

Quai Network's Dashboard

Quai Network's Dashboard

Token

The team behind Quai Network states it is designing a token that ensures that the network is secure, spam-resistant, and decentralized. The Quai tokenomics are under ongoing development, and the following information may be changed once Quai's mainnet is launched. There is no official date for a 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

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date

Bronze Age Testnet: Miner Setup Tutorial

https://youtu.be/lVKXDhfu73M

Web

February 18, 2022

Bronze Age Testnet: Node Setup Tutorial

https://youtu.be/uzBSE_sEVn4

Web

February 25, 2022

Introduction - Quai Network

Quai Network

https://docs.quai.network/

Web

Quai Network Developer Interview with Alan Orwick

https://youtu.be/4zyAK5VtW1c

Web

January 24, 2022

Quai Network Developer Interview with Kunal Shah

https://youtu.be/SoStlFphD00

Web

March 30, 2022

References

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