Quai Network Brings Energy-Based Flatcoin to Global Monetary System

Quai Network is a scalable and programmable Proof-of-Work blockchain designed to serve as a new global monetary system. It introduces an energy-based 'flatcoin' called Qi, which functions as decentralized money for the compute economy, aligning its value with the cost of energy.

The network's architecture comprises multiple interoperable chains, enabling high throughput of over 50,000 transactions per second without compromising decentralization. This is made possible through horizontal sharding and self-organized subnets for vertical and horizontal scaling.

Quai Network's consensus mechanism is called Proof-of-Entropy-Minima (PoEM), which uniquely enables hierarchical coordination of sharded blockchains. PoEM has shown a 28.5% improvement in confirmation delay and a 16.3% improvement in throughput in a single chain setting.