Quai Network QUAI
QUAI
0.07106
$
1.76 %
Change 24h
Market Cap
$ 35,388,778
Volume 24h
$ 1,014,559
Circulating Supply
498,025,887
QUAI
$
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Description
Quai is a merge-mined network of blockchains. This network is able to coordinate an infinite number of blockchains (execution shards) by using the Proof-of-Entropy-Minima (PoEM) consensus mechanism, which eliminates all consensus-based contention. The ability for PoEM to coordinate a perpetually growing set of blockchains allows the network to process more than 50,000 transactions per second. The architecture is a composable multithreaded execution environment with blocks being produced approximately every 1.1 seconds.