Quai Network (QUAI): Achieving Scalability Through PoW 2.0

Intermediate

Feb 1, 2023

9 min read

AI Summary

Quickly grasp the article's content and gauge market sentiment in just 30 seconds!

Detailed Summary

Quai Network is an upcoming crypto blockchain that uses an innovative proof of work (PoW) 2.0 mechanism to achieve limitless scalability without sacrificing security and decentralization. Read on as we cover everything you need to know about Quai Network.

What Is Quai Network?

Quai Network is a pre-mainnet Layer 1 blockchain. The sharding, splitting of blockchain into subchains, helps the network spread its load among sub-chains.

Quai Network uses an innovative blockchain design that relies on sharding and the PoW 2.0 consensus mechanism to reduce network congestion and improve transaction speeds across the network.

In a traditional Layer 1 blockchain, scalability issues typically result in high fees and centralization. To solve the problem, Quai Network uses sharding by offering 13 blockchains running in unison. Each blockchain is either a Prime, Region or Zone chain that produces blocks asynchronously, ultimately speeding up block production.

Grab Up to 5,100 USDT in Rewards

Also, enjoy 555% APR on Bybit Earn products!

Start Earning Now