Original

Summary of the YouTube Discussion: Dr. K & Stephen TCG on Quai Network

avatar
oul***ol@gmail.com
04-09

In a recent YouTube discussion, Dr. K (Co-Founder and CTO of Quai Network) joined Stephen TCG to talk about Quai’s unique proof-of-work mechanism, dual-token system (QUAI & QI), and its vision for a decentralized financial future.

This article summarizes the key insights from their conversation.

Overview of Quai Network

The Core Mission

Dr. K emphasized that Quai’s primary goal is to establish a decentralized system free from state intervention. Unlike many cryptocurrencies that have become centralized or heavily regulated, Quai is designed to preserve financial sovereignty through its innovative blockchain architecture.

Quai’s Proof-of-Work Approach

Quai Network’s proof-of-work (PoW) system introduces several groundbreaking innovations:

  1. Merge-Mined Blockchains
  • Quai employs a hierarchical merge-mined blockchain structure, enabling sharding and subnetting within a proof-of-work framework.
  • This approach allows Quai to achieve over 50,000 transactions per second (TPS) while maintaining decentralization.

2. Dual-Token System — QUAI & QI

  • QUAI: The main token, designed as a store of value, deflationary, and comparable to Bitcoin.
  • QI: Known as the “energy dollar,” this token tokenizes hash power, offering a stable unit of account independent of fiat currencies.

Sharding & Scalability

Quai’s sharding mechanism is key to its high scalability:

  • Sharding divides data across multiple chains, improving transaction speeds.
  • Quai ensures network-wide consensus across shards while maintaining security and decentralization.

Mining Quai & Economic Incentives

Dr. K highlighted Quai’s mining rewards and incentives, making it an attractive option for miners:

  1. Locked Mining Rewards
  • Miners can lock their mining rewards to earn higher yields, increasing capital retention within the ecosystem.

2. Liquid Mining Tokens (Coming Soon)

  • Quai plans to introduce liquid mining tokens, enabling miners to trade rewards and access additional economic opportunities.

3. Start Mining Quai with Oula Pool

🚀 The best way to mine Quai efficiently is through Oula Network

Ethereum Compatibility & Applications

One of Quai’s biggest advantages is its Ethereum Virtual Machine (EVM) compatibility, allowing Ethereum-based applications to migrate seamlessly. This enhances Quai’s potential as a decentralized finance (DeFi) platform.

Additionally, Quai is fostering ecosystem growth with a developer grant program, encouraging builders to create innovative applications.

How Quai’s Dual-Token System Adds Value

Dr. K explained how QUAI and QI function together to ensure financial stability and usability:

  • Market-Driven Supply: QUAI’s supply dynamically adjusts based on mining activity and energy costs.
  • QI as a Medium of Exchange: QI offers cash-like privacy, making transactions harder to trace.
  • Dynamic Supply Contracts: Users can convert between QUAI and QI, creating a fluid and decentralized financial system.

Future Vision for Quai

Dr. K highlighted Quai’s long-term vision:

  • Building a fully decentralized financial system that remains independent from regulatory oversight.
  • Eliminating financial barriers to ensure equal access to decentralized finance (DeFi).

How to Get Involved with Quai

Here’s how you can join the Quai ecosystem today:

🔹 Mine QUAI with Oula Network — Start mining today with an optimized mining setup.

🔹 Buy QUAI on Exchanges — Available on Gate.io and MXC (more listings coming soon).

🔹 Join the Quai Community — Stay updated, connect with other miners, and discuss Quai’s future:

🔹 Explore Developer Grants — Interested in building on Quai? Apply for Quai’s grant program and bring your ideas to life.

Conclusion

This YouTube discussion provided valuable insights into Quai’s mission, technology, and economic model. Dr. K’s vision for a scalable, decentralized, and miner-friendly blockchain makes Quai a project to watch in the coming years.

If you’re interested in Quai Network’s innovations, now is the perfect time to start mining, developing, or investing in its growing ecosystem. 🚀

For more guides & updates: 🔹 Hive OS Guide: https://oula-faq.gitbook.io/zh/en/mining-tutorial/quai-hiveos 🔹 GitHub Repository: https://github.com/oula-network/quai 🔹 Website: http://oula.network/zh/register?invitation=MBW1O9 🔹 Discord Community: discord.gg/tPz6CXKM2W 🔹 Follow us on Twitter: https://x.com/oula_network 🔹 Telegram: https://t.me/oulacommunity🔗 All necessary links & commands are in the description box! 💡 Happy mining!#CryptoMining #QuaiNetwork #OulaPool #Web3 #Blockchain #Mining

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Relevant content