"When we go into L2s, there's an ordering problem, a watching problem, a validation problem...so they're creating systems that use weak subjectivity and loose organization to try and answer the problems in the L2 that should have been solved in the L1."
- @mechanikalk
"And there's actually been an update...We'll still have a Prime header chain and a Region header chain, but because of PoEM, holding state in Prime or Region has become superfluous."
- Quai co-founder @mechanikalk
It's day 2 of @consensus2023!
Make sure to stop by the Quai booth near the Main Stage to learn how @QuaiNetwork can achieve 50k+ TPS without compromise. 🌐⚡
Why Quai Network?
💥Perpetual consensus & instantaneous fork resolution via PoEM
⛓️Seamless multi-threading via execution sharding
⚡Latency optimization via incentivized miner self-organization
🌐Facilitating decentralized global commerce via 50,000+ TPS
A decentralized system must be able to process 50,000+ transactions per second to facilitate all global commerce.
Internal testing has demonstrated that @QuaiNetwork can process upwards of 600 TPS per execution shard. Using PoEM, Quai can coordinate an infinite number of shards.
Why is gold scarce?
There's plenty of gold in the universe -- what makes it scarce is the work required to obtain it. ⛏️
Proof-of-Work systems simply strip the obfuscation away from value; value is (and has always been) stored via the scarcity of work.
https://t.co/BmQnloT4Vz
"PoEM solves the withholding problem because it fairly weighs the blocks, [and it does it] without creating two reward functions."
- Quai co-founder @mechanikalk on how PoEM addresses withholding attacks.
Are you stacking up $QUAI by participating in the Social Media Rewards Program?🧑💻
Drop how much Quai you've got in your dashboard below👇
https://t.co/B9CJlm0FOc
Weekend throughput & stability testing of @QuaiNetwork protocol.
1st chart: Stable at 200 ➡️ 400 ➡️ 600 TPS
2nd chart: Difficulty smoothing over time
"Time does not need to be there. It causes all the inefficiencies that exist with Proof-of-Work blockchains."
- Quai co-founder @mechanikalk on how PoEM is a time-invariant mechanism
Proof-of-Entropy-Minima (PoEM) addresses the inefficient calculation of "work" in Proof-of-Work by accurately measuring block weight and recognizing the geometric nature of dependent events.
Listen to Quai co-founder @mechanikalk's explanation👇
Quai Network is hosting the Official Closing Party of #Consensus2023!🕺
Hosted at one of Austin's premier nightclubs, the event will feature surprise musical guests all night. All @consensus2023 attendees will have the opportunity to claim a ticket.
https://t.co/TPNoS3VOB5
Did you know that merged mining was originally introduced by Satoshi Nakamoto in 2010?
Quai has extended the idea to create a merge-mined network of blockchains capable of scaling to global commerce.
Read more about merged mining from Satoshi himself👇
Have you watched Quai co-founder @mechanikalk's presentation on Quai from ETH Denver?
Learn the vulnerabilities of all existing approaches to scalability and why @QuaiNetwork is the path forward. ⚡
https://t.co/CMwtfCvcmL