Quai Network

About Quai Network token

Quai Network markets itself as a blockchain technology created to improve transaction throughput and scalability. Due to the multi-chain architecture of Quai Network, the platform is able to improve the speed of a blockchain and support real-world applications such as retail payments and other payments in the DeFi space. Transactions can now be processed simultaneously across multiple chains which improves the speed and narrows down the backlog of transactions which also lowers transaction fees. In addition to all this, Quai still manages to maintain a decent level of energy consumption by using proof-of-work, which is less harmful to the environment than other blockchain technology. The innovation of Quai Network is also visible in the merge mining feature, which allows miners to secure multiple blockchains at once, increasing profitability, without losing additional resources. This feature enhances ecosystem security while sustaining profitability for miners which creates a balance between users and validators.