Quai Network is a unique decentralized cryptocurrency designed to scale up to meet global commerce needs. It's based on a network of interconnected blockchains, each working together smoothly.
Description
Here's how it works:
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Multiple Blockchains: Quai uses a bunch of blockchains (called execution shards) that work together. This setup helps handle a lot more transactions - over 50,000 per second!
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Fast and Efficient: With blocks created every 1.1 seconds, Quai's system is super quick. This means your transactions happen almost instantly.
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Merged Mining Process: This is a special method that links all the blockchains in the Quai network. It's like creating shortcuts between them, so they can talk to each other and share information easily.
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Scalability: As more people use Quai, it automatically adds more blockchains to handle the extra load. This means it can keep transactions cheap and fast, no matter how many people are using it.
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Security: Unlike some other multi-chain systems that rely on a specific group of validators (which can be a security risk), Quai maintains strong security across all its blockchains.
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Decentralization and Non-Censorship: Quai is all about keeping things open and fair. It's designed to be a system where no single entity has too much control, ensuring that it remains free and accessible to everyone.
In summary, Quai Network is designed to be a powerful, scalable, and secure cryptocurrency platform, capable of handling a large number of transactions quickly and efficiently, making it suitable for everyday use in all kinds of commerce.
Team of the Project
Alan Orwick
Founder
Alan graduated from The University of Texas at Austin in 2020 with a degree in Computer Science. Following graduation, Alan worked at Apple as a Full Stack Software Engineer on the AMR Operations team. Alan is now currently a Lead Software Engineer at Dominant Strategies and is driving forward a portfolio of projects, most notably Quai Network.
Sriram Vishwanath
Co-Founder
Sriram Vishwanath - Co-Founder of Quai Network and Founder of Accordion Health. Also Sriram was a CEO of GenXComm and got education in Indian Institute of Technology Madras, California Institute of Technology and Stanford University.
Dr. K
Co-Founder
Dr. K - Co-Founder of Quai Network.