Quai Network is entering a pivotal chapter in its mission to create a new global monetary system. The Quai team is thrilled to announce that the Golden Age testnet will conclude on January 8th, 2025, as we finalize one of the most critical features for Quai Network – the Quai/Qi controller.
Developed in collaboration with Blockscience, the Quai/Qi controller is our groundbreaking mechanism designed to align the value of $Qi with energy costs. This one of a kind innovation strengthens Quai Network’s value proposition as the world’s first energy dollar.
What’s Next: Controller Validation Period
Before the Mainnet launch, the Quai/Qi controller will undergo testing during a controller validation period. This phase includes:
- An Initial Hard Fork: To integrate the controller.
- Miner Behavior Analysis: Observing real-world interactions to validate performance.
- Potential Tuning Adjustments: Additional hard forks to ensure optimal alignment of Qi and energy.
This process is critical to delivering a stable and reliable network at Mainnet.
Rewarding Our Community: Increased Reward Pool
As we enter the final phase of the Golden Age testnet, we’re excited to announce that the total reward pool will be increased from 10M to 13.75M $QUAI. This is our way of thanking the community for their invaluable contributions and ensuring the remainder of the testnet is both rewarding and engaging.
Track Development on GitHub
We believe in transparency and open collaboration. The Quai/Qi controller’s development is fully open-source, and progress can be tracked in real-time on our GitHub: https://github.com/dominant-strategies/go-quai/milestone/3.
Stay Tuned
Additional updates, including node maintenance instructions for the controller validation period, will be shared soon. Thank you for your support as we take another major step towards our Mainnet launch.
Disclaimer
All aspects of this testnet and participation therein are subject to the terms, conditions, and disclaimers contained herein as well as those provided elsewhere, including:
The entirety of the Quai Testnet, including rewards, network operations, and the content of this article, is subject to the Testnet Terms and Conditions outlined in: https://qu.ai/terms-and-conditions/
All opinions, ideas, and statements shared in this website are delivered with numerous assumptions, risks, and uncertainties which are subject to change over time. There are multiple risk factors, including those related to blockchain, cryptographic systems, and technologies generally, as well Dominant Strategies’ business, operations and results of operations, that could cause actual results or developments anticipated not to be realized or, even if substantially realized, to fail to achieve any or all of the benefits that could be expected therefrom. We reserve the right to unilaterally, completely, or partially change plans, expectations, and intentions stated herein at any time and for any reason, in our sole and absolute discretion, and we undertake no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.
Quai and its designees, including Dominant Strategies Inc, reserve the right to change, amend or discontinue the testnet and these terms, conditions, and disclaimers, at any time in its sole discretion, and in no event shall be liable for any damage incurred.
ACCORDINGLY, WE RECOMMEND THAT YOU DO NOT RELY ON, AND DO NOT MAKE ANY FINANCIAL DECISION OR INVESTMENT BASED ON, THE STATEMENTS CONTAINED IN THIS WEBSITE OR ANY OF OUR UPDATES/ARTICLES — INCLUDING BUT NOT LIMITED TO ANY SELLING OR TRADING OF QUAI TOKENS, ETHER, OR ANY OTHER CRYPTOGRAPHIC OR BLOCKCHAIN TOKEN, OR THE SECURITIES OF ANY COMPANY.