Quai Network QUAIPrice $ 0.0778

Quai Network is a new design to create radically more efficient blockchains. Quai solution relies on revolutionary advances in blockchain sharding technologies and the use of Proof-of-Work 2.0. Because Quai Network is modular, it can scale horizontally to accommodate more users as the network grows. By making huge strides in overall blockchain scalability, Quai Network paves the way for the next billion users to participate in Web3.0.

Key Features of Quai:

• Fast. With 13 blockchains running in unison, Quai Network offers high-speed block production. The Prime chain has an approximate block time of 15 minutes, Region chains have an approximate block time of 5 minutes, and Zone chains have an approximate block time of 10 seconds. With all of these chains producing blocks asynchronously, Quai Network’s average block time can be approximated to be a block every ~1.1 seconds.
• Decentralized. Enhancing a blockchain’s speed is meaningless if decentralization is sacrificed in the process. Through the development of Proof-of-Work 2.0, which utilizes both merged mining and sharding, Quai Network remains highly decentralized and open-source.
• Secure. Through the use of merged mining and coincident blocks, all Quai Network state changes are eventually confirmed by 100% of the network’s hashpower.

Quai token acts as the backbone of Quai Network, ensuring network security, spam resistance, and simple exchange of value in a decentralized system.