๐ Did You Know ๐โโ๏ธ
๐ #QuaiNetwork utilizes Execution Sharding to achieve incredible Scalability with the user of Proof-of-Work โจ
๐ Learn more about Execution Sharding in this thread ๐งต
1๏ธโฃ Execution Sharding is a method of blockchain scalability that divides a blockchain into many "shards" with distinct state and VMs, that can process transactions in parallel.
2๏ธโฃ #QuaiNetwork utilizes multithreaded blockchain network for parallel processing of transactions, it helps to validate and confirm transactions simultaneously through the decoupling of local consistency and global consensus โจ
3๏ธโฃ In very simple way execution sharding means running many interconnected blockchains in parallely on a single network through merged mining mechanism โ๏ธ
The merged mining mechanism is form of Proof-of-Work where a single miner mines multiple blockchains simultaneously.
4๏ธโฃ The Quai Network co-ordinate with these distinct shards with a unique hierarchical structure and merged mining to achieve incredible Scalability without increasing node requirements โจ
5๏ธโฃ The execution sharding helps to permanently maintain very low transaction fee โฝ
6๏ธโฃ During Iron Age Testnet QuaiNetwork
successfully utilizes execution sharding, and also the first time a permissionless, work-based system has processed 2,000+ TPS in a live environment. โจ
