Quai Network May Update:
Preparing for Golden Age Testnet
This month, the @QuaiNetwork team was busy testing the Quai protocol internally in preparation for the launch of the Golden Age Testnet. Here are some exciting updates from May:
✅ go-quai client: Now fully functional, marking a transition to a development phase that focuses more on testing, fixing bugs, and performance tuning.
✅ Core Protocol: Successfully implemented Garden integration testing, with TPS exceeding 2000 and memory usage below 20GB; resolved ETXs-related issues; implemented key features such as Libp2p, dynamic expansion, and Qi UTXO transactions.
✅ Quai SDK: Separation of interface and implementation; refactoring to meet Golden Age specifications; successfully implemented address sharding.
✅ Pelagus wallet: distinguish between Iron Age versions and submit a new version to the Chrome store.
✅ Explorer: Updated the user interface to V2; successfully integrated Pelagus; implemented ABI verification function; rebuilt the index to meet Golden Age specifications.
✅ Golden Age Testnet Reward Structure: Internally determined, rewards are based on the Quai and Qi tokens accumulated by miners, users, and developers during the Testnet period.

🤝 New Partners:
Lumerin: Decentralized hashrate market, enabling Quai hashrate trading.

ionet: Decentralized physical infrastructure project, allowing idle hashrate to mine Quai.

Portal Finance: Enables atomic swaps between $QUAI, $QI, and $BTC.

Consensus 2024: Quai Network has a booth at the Consensus conference in Austin to introduce the concept of energy-based currency.
Learn more, don't miss it!#Blockchain#QuaiNetwork#GoldenAgeTestnet#Decentralization#Cryptocurrency#TechUpdate #NewPartners

Quai Network Improvement Proposals (QIPs)

Quai Network Improvement Proposals (QIPs) are an important mechanism to promote the technical progress of the Quai Network.

Through QIPs, community members can make suggestions to improve various aspects of the network, from consensus mechanisms to application layer solutions.

Here are some of the current proposals:

1: QIP Process: Establish the process and standards for QIPs to ensure efficient management and execution of proposals.

2:Sharded Ledger: Introduce sharded ledger technology to improve the scalability and processing efficiency of the network.

3:Shard Specific Address Discovery: Optimize the discovery mechanism of shard addresses to improve the operability and security of the network.

4:9 Shard Address Mapping: Propose a nine-shard address mapping scheme to further improve the operability of the network.

5:Cross Shard Transactions: Support cross-shard transactions to improve interoperability between different shards.

6:Merge Mined Transactions: Merge mining transactions to improve the efficiency of miners and the security of the network.

7:Qi UTXO Ledger: Introducing the UTXO ledger model to enhance the transparency and security of transactions.
8:Dynamic Tree Expansion: Dynamic tree expansion scheme to improve the flexibility and scalability of the network structure.
9:Interlinks: Propose a cross-chain link mechanism to enhance the interoperability between different blockchain networks.
10:Network Object Identifiers: Introducing network object identifiers to improve the efficiency of network resource management.
11:Reusable Payment Codes: Reusable payment codes to simplify the user's payment operation process.
The Quai network fully mobilizes the enthusiasm of community members through the QIPs mechanism to promote continuous innovation and improvement of technology. These proposals not only cover the consensus layer and application layer, but also propose innovative solutions in cross-chain operations and miner efficiency. These improvements will further enhance the performance and user experience of the Quai network and consolidate its leading position in the blockchain field.#QuaiNetwork#Blockchain#Technology Innovation#QuaiNetwork#BlockchainTechnology #QIPs #加密货币 #去中心化

@QuaiNetwork is excited to announce a strategic integration with @portal_finance to extend Quai’s EVM infrastructure to Bitcoin. This collaboration marks a major milestone in cross-chain trading and liquidity exchange between the Bitcoin and EVM ecosystems.

Portal DEX, the world’s first atomic swap AMM built on Bitcoin Layer 2, will now support seamless one-click trading of Quai native tokens $Quai and $Qi with native BTC and BTC-based assets.

No bridges, no custodial solutions, just pure decentralization.

@0xalank, Co-founder of QuaiNetwork, said: “We are excited to enhance our ecosystem with world-class cross-chain infrastructure and improve the multi-chain experience for Quai users. This collaboration with the Bitcoin Layer 2 ecosystem is a big step forward.”

Stay tuned for more updates as Quai integrates the Portal Swaps SDK into Quai’s wallet and DEX infrastructure, ensuring strong liquidity and trading depth.
Original Twitter post:
https://x.com/QuaiNetwork/status/1795476964016345354

#QuaiNetwork: Building a multi-chain collaborative future
🔗
Multi-threaded execution: Quai’s innovative technology enables parallel processing of transactions, significantly improving network performance.
🔄
Interoperability: Seamless cross-chain transactions (ETXs) and multi-chain contracts, unlocking the unlimited potential of decentralized applications.
💰
Quai Token Economy: Dynamic supply model, incentivizing miners and users to drive sustained economic growth.
🤖
Autonomous machine network: Co-decision-making with humans, leading a new era of computer economy. Join us to witness how blockchain technology reshapes the economy and collaboration.#QuaiFriday#MultiChain #Tokenomics