"With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless."
-Satoshi Nakamoto
The world is still waiting on a decentralized, secure, and scalable digital currency.
"In a fully asynchronous message-passing distributed system, in which at least one process may have a crash failure, it has been proven in the famous 1985 FLP impossibility result by Fischer, Lynch and Paterson that a deterministic algorithm for achieving consensus is impossible."
https://t.co/P4aTeD0CMq
@QuaiNetwork's novel Proof-of-Entropy-Minima algorithm practically breaks the FLP impossibility theorem. The only instance in which PoEM can not offer deterministic head selection is in the case of a near-simultaneous hash collision. When using a 2^256 bit field, two machines simultaneously finding the same hash while mining becomes an extreme statistical improbability.
When @mechanikalk says that PoEM alters the concept of consensus entirely, he means it. 👀
April PoEM Testing Updates:
➡️Globally distributed testing environment
➡️Real-world latency
➡️Running for days at a time
Results:
➡️Perpetual consensus
➡️~275 TPS per execution shard
➡️Sustained coordination of 9 shards
Read more in the Quai blog👇
https://t.co/HjxoKPvo85
"Transactions per second cause uncles. And if you have too many uncles, you'll eventually just get a chain that falls apart and can never come back together... [@QuaiNetwork doesn't] have that limit where [it] would break apart."
- Quai co-founder @mechanikalk on PoEM
Quai Nation --
Due to Twitter API changes, all Twitter rewards OTHER THAN the rewards for following @QuaiNetwork and @QuaiGenesis have been deprecated. All rewards earned from Twitter up to this point have been tracked and can be viewed in the Quai Dashboard.
As our team explores different social-based incentives and programs, we would like to remind everyone that incentives for all other platforms, including Instagram, YouTube, and TikTok, are still live.
Non-follow Twitter rewards were officially deprecated on 2023-05-01 08:41:25.595 CST.
Our team would like to thank the #QuaiNation for the continued support during this period of development, and we are excited to share more exciting updates with you soon.
The official Quai Network Social Media Rewards Program article has been updated to reflect these changes: https://t.co/5nYPpgXVBM
The architecture of @QuaiNetwork is radically different than the designs of traditional blockchains like Bitcoin and Ethereum.
Quai Network is a composable multithreaded execution environment, allowing transactions to be processed in parallel across many chains. ⛓️⚡
Proof-of-Entropy-Minima (PoEM) has been implemented into the Quai codebase and is currently undergoing internal testing.
https://t.co/d4up3XMkEh
Here is an example of PoEM stability testing from April at 200, 400, and 600 TPS:
"As I like to say, you cannot have a free market when the most important good, money itself, is centrally planned and controlled."
- @ErikVoorhees
https://t.co/dayXuGEdxy
Are you stacking $QUAI by participating in the Quai Network Social Media Rewards Program?🎁 Earn rewards on social platforms and track how much Quai you've earned in the Quai Dashboard 📷 Learn all the ways you can earn $QUAI in the SM Rewards Article📷👇
https://t.co/5nYPpgXVBM
Quai Network co-founder and @Dominant_Strat CEO @alanorwick was recently featured on Lowenstein Crypto's podcast!
Check it out for a great discussion on @QuaiNetwork and the broader crypto space.
Listen now!👇
https://t.co/yIb18eMEgp
Quai University is BACK with Dr. K on Wednesday, May 10th at 11am CST.
Make sure to set your reminders in the Quai Discord to learn more about @QuaiNetwork in Quai University Call #7!
🔗https://t.co/dKUDmC8HSY
PoEM more accurately measures work.
Proof-of-Work limits how "heavy" a block can be, treating all blocks that exceed the difficulty threshold as equal.
PoEM weighs blocks beyond the difficulty threshold, to ensure that even if two valid blocks are proposed simultaneously, one will always be "heavier" than the other.
With this change, the way total difficulty is measured also changes. Proof-of-Work uses a linear growth of total difficulty (additive) while Proof-of-Entropy-Minima uses an exponential growth of total entropy (multiplicative).
The result ➡️ no consensus based forks & faster finality, which both act as prerequisites for the ability to coordinate an infinite number of execution shards.
Quai Network is more than 10,000 times more energy efficient than Bitcoin at full load, with the ability to become greenhouse gas negative. 🌱
Learn how in the Quai docs👇
https://t.co/yP5zbtzdu0
Quai Network has evolved in many ways since the publication of the original BlockReduce Whitepaper in 2018, but the core idea remains the same:
Proof-of-Work subnets coordinated via merged mining are the way to scale decentralization.🌐
https://t.co/LaSWcew9c9
A recording of Quai University Call #6 is now available on YouTube!
Watch Quai co-founder @mechanikalk explain the many new technical concepts used to scale @QuaiNetwork, including #sharding, #subnets, #PoEM, and more!
Watch now on YouTube👀👇
https://t.co/Luy0Wdeqi7