QuaiHQ Ep8: FROM BITCOIN TO QUAI: The Art Of Mining
Quai mining uses real energy to keep the network safe while making transactions fast and cheap.
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As @thecrackofdan sheds more light on mining with @QuaiNetwork
Reminder ๐
$QUAI lets the market set the price for account storage. Users pay for space in the state trie and can sell it back when they no longer need it. This pushes users to manage storage carefully and helps the network scale without wasting resources.
One of the major problems in Crypto that QUAI has been built to solve is;
Scalability Limits (Too Slow, Too Congested)
Many blockchains struggle to handle large numbers of users and transactions at once. When the network gets busy, fees go up and transactions slow down.
How QUAI solves it: QUAI uses a multi-chain, parallel transaction design that can scale horizontally and process tens of thousands of transactions per second with low fees, without sacrificing decentralization.