#QUAI Quai Network Introduction:

Quai Network is a multi-threaded, merged-mining, Proof of Work (PoW) sharded blockchain, protected by its novel consensus mechanism Proof of Entropy Minimization (PoEM). In addition, Quai Network introduces a dual encryption currency and ledger system of QUAI and QI. QUAI resides on an account-based ledger and is mainly used as a value store for the network. Meanwhile, QI resides on a UTXO-based ledger and is used more as digital cash.
Miners receive QUAI or QI rewards based on their preferences at the time, and the issuance of QUAI and QI is a function of network difficulty. QUAI is distributed based on the logarithm of network difficulty, while the issuance rate of QI is directly proportional to network difficulty. The difficulty of Quai Network depends on the hash power provided to the network by miners. In the long run, miners' costs are attributed to the electricity they use to mine blocks for Quai Network. In this way, miners choosing to receive mining rewards in QI are converting energy into QI. In the long run, this directly links QI to miners' input costs, making it the first decentralized coin pegged to mining and energy. Pegged coins are designed to maintain purchasing power over time, and in the case of QI, it aims to maintain the purchasing power of the energy units used to mine it.

Quai Network's layered multi-chain design enables dynamic scaling to match the required throughput by combining mining, interlinking, and protection. This design provides a solution to the interoperability issues plaguing today's multi-chain structures.

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