The Layer-1 blockchain project Quai Network, dedicated to achieving energy monetization, announced on February 21 that its native token $QUAI is officially open for trading. This release is a significant achievement of the project team's deep commitment to technological research and development, providing innovative solutions for scalability and decentralization in the blockchain field.
With the full operation of the Quai mainnet, the project officially launched the Proof of Minimal Entropy (PoEM) consensus mechanism. This mechanism achieves a significant increase in throughput while ensuring the security and decentralization attributes of Proof of Work (PoW).
Key Project Developments:
Mainnet operation data: Over 120,000 GPU miners deployed globally, processing a total of 2.4 million transactions, with the number of global consensus nodes exceeding several hundred.
Technological innovation: Proof of Minimal Entropy (PoEM) significantly optimizes traditional PoW efficiency by integrating execution sharding, parallel processing, and a hierarchical merged mining chain architecture.
Technical architecture: Fully supports EVM compatibility, supports GPU mining, and achieves dual support for account models and UTXO models.
Market performance: $QUAI launched with an initial market value of $47 million, a fully diluted valuation of $300 million, reaching a peak of $0.32 during the first round of trading, with market capitalization climbing to $155 million, and total trading volume exceeding $80 million in three days.
Circulation channels: Now listed on major trading platforms such as Gate.io, MEXC, LBank, and BitMart.
Quai Network co-founder Alan Orwick stated, "$QUAI's successful launch marks an important milestone in the cryptocurrency industry, and the positive market response fully reflects the project's development potential. The over $80 million trading volume during the first round of trading and the rapidly expanding ecological community strongly confirm the significant value of scalable PoW in driving practical applications in the industry. This is just the prologue; we will continue to work towards building a decentralized, high-performance blockchain network to realize the fundamental value proposition of cryptocurrency."
About Quai Network
Quai Network is committed to leading the wave of cryptocurrency innovation through its pioneering scalable and programmable Proof of Work blockchain technology. Based on the innovative Proof of Minimal Entropy (PoEM) consensus mechanism, Quai has achieved breakthrough progress in speed, efficiency, and decentralization, promoting the large-scale application of blockchain technology.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
