Quai Network is the cryptocurrency for the global and computational economy.
Quai is the only fully scalable and programmable proof-of-work layer 1. By implementing a variety of new proof-of-work primitives, including the creation of a class of native “stablecoins” tied to energy costs, Quai brings reliable, real-world on-chain value as financial infrastructure for a computationally centered economy.
Transaction mining creates a profitable outlet for idle computation Energy-based “stablecoins” as decentralized currencies for the computational economy Unlimited scalability to accommodate an unlimited growing user base of human and AI agents
Rather than using priority fees to order transactions, which inevitably incentivizes MEV, Quai Network uses proof-of-work to order transactions within each block. With this new ordering mechanism, users are able to mine transactions with enough work to make their transactions functionally MEV-incapable. This functionality allows users to completely avoid front-running and sandwich attacks when participating in DeFi on Quai.
This new utilization of proof-of-work not only provides an additional revenue stream for miners to mine transactions alongside blocks, but it also creates a new demand for idle computation. This new demand can leverage the vast amounts of idle computing power in distributed computing centers like the Render Network and io.net, which are currently bottlenecked by demand rather than supply.
In Quai, proof of work is used not only to protect the network from attackers, but also to act as an oracle of real-world demand and energy costs, allowing for the creation of a fully decentralized "stablecoin" tied to energy. The token is not pegged or backed by any asset, but instead specifically uses market incentives to continually drive the token price toward energy costs.
Energy is the single largest input to human activity and artificial intelligence. The intrinsic value of energy to both people and machines makes it an ideal foundation for building a new currency.
Quai Network joins protocols like Hacash and Themelio as leaders in the emerging category of decentralized proof-of-work "stablecoins".
By using a new proof-of-work fork choice rule called Proof-of-Entropy-Minima (PoEM), Quai Network is able to maintain consensus while coordinating an infinitely growing number of execution shards.This property allows Quai Network to add shards to the network as needed to meet growing demand. The only cost of adding shards to Quai (and thus increasing throughput) is increased cross-shard settlement times.
Trustless bridging between all shards in the network is achieved by using miners to create objective links between shards.
Quai Network’s native predefined extensions create a mechanism to ease congestion as demand increases, keeping fees permanently low even as usage grows.
Currently, Quai Network is in the testnet and development phase. Quai Network’s roadmap includes the two remaining testnets before mainnet launch:
Golden Age TestnetSilicon Age Testnet
For each testnet, our team at Dominant Strategies hopes to run both the testnet and the development net, in addition to providing tools such as block explorers, network statistics pages, and faucets.
