Description
Quai Network bills itself as a decentralized, permissionless blockchain that enables scalable and secure transactions. It employs a novel architecture called a multi-chain framework, which consists of a Prime Chain supported by multiple Proof-of-Work (PoW) driven blockchains named Merkle Trees. This unique structure is designed to improve scalability by processing transactions in parallel across these multiple trees, effectively increasing throughput and reducing confirmation times compared to traditional single-chain models. Quai Network's approach to consensus, which incorporates merged mining, allows for enhanced security and efficiency, enabling miners to secure multiple blockchains simultaneously without significant increases in resource consumption. The project aims to serve as a foundational layer for decentralized applications (dApps) and financial infrastructures, offering features such as atomic swaps, custom token creation, and decentralized finance (DeFi) capabilities. Its ambition is to create a more accessible and scalable blockchain ecosystem that can cater to the needs of a broad range of users and applications, from simple transactions to complex financial serv...
Quai Network bills itself as a decentralized, permissionless blockchain that enables scalable and secure transactions. It employs a novel architecture called a multi-chain framework, which consists of a Prime Chain supported by multiple Proof-of-Work (PoW) driven blockchains named Merkle Trees. This unique structure is designed to improve scalability by processing transactions in parallel across these multiple trees, effectively increasing throughput and reducing confirmation times compared to traditional single-chain models. Quai Network's approach to consensus, which incorporates merged mining, allows for enhanced security and efficiency, enabling miners to secure multiple blockchains simultaneously without significant increases in resource consumption. The project aims to serve as a foundational layer for decentralized applications (dApps) and financial infrastructures, offering features such as atomic swaps, custom token creation, and decentralized finance (DeFi) capabilities. Its ambition is to create a more accessible and scalable blockchain ecosystem that can cater to the needs of a broad range of users and applications, from simple transactions to complex financial serv...
