Quai Network is an innovative blockchain project that aims to provide a highly efficient solution in the field of decentralized finance (DeFi) via a network of merge-mined blockchains. The project relies on merged mining technology and distributes it over a hierarchical structure of 13 chains. This structure allows for high performance in terms of transaction speed and low costs.
Key features of the Quai Network:
1. Speed and scalability: The Quai network can achieve speeds of up to 50,000 transactions per second (TPS), which is much higher than what some other networks such as Ethereum offer.
2. EVM compatibility: The network supports smart contracts compatible with Ethereum, making it easy for developers to port their applications to Quai without having to rewrite the code.
3. Decentralization and security: Quai relies on sharding technology to increase the level of decentralization and security, which reduces congestion and allows transactions to be processed across specific chains.
