What is Quai? Quai Network is a federated mining blockchain. By connecting different projects, Quai Network increases the number of transactions. $QUAI is a native Quai blockchain token.
I would like to point out that Quai Network does not offer outdated PoW like Bitcoin, but a completely new level of PoW. In other words, Quai created PoW 2.0 (which they brag about on their website. In order to change the PoW technology, Quai Network created merged mining.
Merged mining is the process of sharing hash rate (processing power) across different blockchains. Quai contains all 3 chains, namely: Prime, Region, and Zone. Credibility is determined by the amount of computational work done. By combining the 3 Prime, Region, and Zone blockchains.
The Quai Network is able to secure the three networks above and below the hierarchy at once. The mining of the merged header block is done within the Quai Manager. The Quai Manager is the program above the Quai Network that handles external block transfers via RPC.
An integral part of Quai Network is the coincident block. What is a coincidental block? A coincident block is a block that applies to more than one blockchain. A coincident block in Quai Network can be applied to three chains.
How does Quai Network use matched blocks? Quai Network uses matched blocks to track the state of the blockchain. Matched blocks provide connections that can be found throughout the network. These connections allow nodes to receive state changes that occur outside of the blockchain.
It is important to note that Quai is fully compatible with EVM. So I have briefly introduced you to the project. Now I'll just describe the main advantages of the project:
Speed - since there are several processing blockchains, a huge number of blocks per second are created (and they are created asynchronously)
Decentralization - PoW is the most decentralized of all consensus, because there are no big players who would stack big amounts of tokens
Security - through the use of pooled mining and matched blocks, all changes in the state of the Quai network are ultimately confirmed by 100% of the hash power of the network. A 51% attack is absolutely impossible!
Funds that have invested in Quai Network Polycchain Capital, Alumni, Ventures, Zero1 Capital. Funds of course not super famous, but I think the project has enough money to develop and make a successful launch
Keep an eye on the project it will be a good one