🔊 Did You Know 🙋♂️
👉 #QuaiNetwork utilizes Execution Sharding to achieve incredible Scalability with the user of Proof-of-Work ✨
👉 Learn more about Execution Sharding in this thread 🧵
1️⃣ 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.
2️⃣ #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 ✨
3️⃣ In very simple way execution sharding means running many interconnected blockchains in parallely on a single network through merged mining mechanism ⛏️
The merged mining mechanism is form of Proof-of-Work where a single miner mines multiple blockchains simultaneously.
4️⃣ 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 ✨
5️⃣ The execution sharding helps to permanently maintain very low transaction fee ⛽
6️⃣ 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. ✨
