Quai Network QUAI
QUAI
0.06513
$
2.46 %
Change 24h
Market Cap
$ 32,518,018
Volume 24h
$ 894,772
Circulating Supply
499,272,549
QUAI
$
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Description
Quai is a merge-mined network of blockchains. This network is able to coordinate an infinite number of blockchains (execution shards) by using the Proof-of-Entropy-Minima (PoEM) consensus mechanism, which eliminates all consensus-based contention. The ability for PoEM to coordinate a perpetually growing set of blockchains allows the network to process more than 50,000 transactions per second. The architecture is a composable multithreaded execution environment with blocks being produced approximately every 1.1 seconds.