Self-custody, or the ability to be the only one in control of one's assets, has been a long-standing principle of cryptocurrency. However, many users still keep funds on custodial platforms.
How can self-custody be simplified to encourage more people to control their assets?
The Quai Network June Developer Roundup is now live in the Quai blog!
Read the latest updates on core development, including a discussion of a mining algorithm change from Blake3 to ProgPoW.๐
https://t.co/DFBtStScpT
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While L2s can offer cheaper transactions and contract interactions, they come with inherent security and decentralization tradeoffs.
Listen to Quai co-founder Dr. K explain the inherent risks surrounding the current trend of L2 scaling๐
Quai's multi-chain architecture incentivizes miners to mine the blockchain(s) they are least latent to.
While miners can mine any chain, the incentive to minimize uncle rate will cause grouping based on geography/economic activity
Learn more๐
https://t.co/Qq4ofhfIFv
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Additionally, the potential for this uncertainty to occur introduces a cap on the number of blockchains that can be coordinated.
In order to coordinate an infinite number of shards/blockchains, Quai Network needs consensus to be immediate and unanimous, 100% of the time.
12/
Under PoEM, no two blocks are ever considered "equally valid." Even if both proposed blocks exceed the entropy removal threshold, nodes are able to identify and prefer the block that removed the greater amount of entropy.
14/
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