Welcome to the twentieth edition of “This Week in Quai,” an initiative by the development company of Quai Network, Dominant Strategies. This Week in Quai offers weekly updates to the Quai Community by aggregating popular Quai quotes and social posts from the past week and offering a schedule for upcoming events.
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What is Quai?
Quai Network is a pre-launch cryptocurrency. Quai is the first blockchain protocol that is simultaneously decentralized, censorship resistant, and infinitely scalable. Quai, in contrast to traditional cryptocurrencies, functions as a network of many interoperable blockchains braided together. Due to a breakthrough discovery that occurred during research on Proof-of-Work, Quai Network utilizes a new consensus mechanism, Proof-of-Entropy-Minima (PoEM), which eliminates all consensus-based forks, and enables all Quai nodes to remain in “perpetual consensus.”
Quote of the Week
“Our team couldn’t be happier to finally be live in the Iron Age Testnet. It’s been great to see the Quai community starting to jump back online to spin up nodes and GPU miners, and we’re beyond excited to see what people do on-chain in the next few weeks as Testnet matures!”
- Dominant Strategies CEO Alan Orwick
In this quote, Quai Network co-founder and Dominant Strategies CEO shares the Dominant Strategies team’s excitement to be back in a live Testnet. The Iron Age Testnet officially launched on September 19th, welcoming node operators and GPU miners from around the world.
While the early stages of Testnet are focused heavily on onboarding nodes and GPU miners, the latter stages of Testnet will welcome developers and users. If you don’t have a machine/don’t want to spin up a node/mine, stay tuned! There’s much more coming down the pipe for the Iron Age Testnet.
Technical Term of the Week
Iron Age Testnet – the third of 5 planned Testnets before Quai Network’s Mainnet launch. The Iron Age Testnet is primarily intended to test Quai Network’s new consensus mechanism, Proof-of-Entropy-Minima (PoEM).
This week, the Iron Age Testnet officially launched. The Iron Age is an important milestone for the Quai protocol that has been under development since the conclusion of the Bronze Age Testnet in March 2022.
The Iron Age Testnet is designed to test the new PoEM consensus mechanism, GPU mining, syncing/node operation, and more. Metrics and issues from this Testnet will be used to change and improve the protocol both in-flight and for future Testnets/Mainnet.
While plenty of internal testing has been done to ensure the reliability of Iron Age Testnet code, there are many issues that only reveal themselves at scale – finding and resolving these issues as the Testnet progresses is crucial to a successful Testnet.
Top Posts of the Week
- The Iron Age Testnet was officially launched on September 19th:
- A Testnet Launch Party with Galxe was hosted on September 20th:
- 8 million of the 12 million total Quai available as Iron Age Testnet incentives has been dedicated to miners:
- CoinTelegraph published an article covering Solar Dex’s migration to Quai Network:
- Quai Network co-founder Alan was featured on the Contango Digital podcast:
- Tutorials for setting up an Iron Age Node have been posted to YouTube:
Quai Network Office Hours with Justin: September 26, 2023 @ 10am CST – Join Dominant Strategies team member Justin for a casual discussion/AMA on Quai Network’s technology & Iron Age Testnet!
Quai Network Office Hours with Max: September 28, 2023 @ 9am CST – Join Dominant Strategies team member Max for a casual discussion/AMA on Quai Network’s technology & Iron Age Testnet!
Quai Friday Twitter Space – #MineQuai Edition: September 29, 2023 @ 11am CST – Join members of the Dominant Strategies team for a discussion on how to mine Quai, and how to strategize your mining to be as efficient as possible!
Join us to build a better blockchain.
Quai Network is an open-source Proof-of-Entropy-Minima blockchain network utilizing the capabilities of merged mining to increase throughput and security. Users of Quai Network will enjoy fast transaction times without compromising decentralization and security. Miners will have competitive mining opportunities across the many blockchains within the network.
Capable of thousands of transactions per second, the Quai Network is a new solution to scalability that is soon to be ready for mainnet release.
Opinions, ideas, and statements shared in this update 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 Quai’s 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. 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 UPDATE 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.
The views, opinions, and statements made in this update are those of an individual author and not those of any institution, University, or legal entity operating within the jurisdiction of The United States or beyond. There is no association between these views, opinions, and statements and any for-profit or non-profit entity, particularly with Universities, Foundations, and other Agencies located within the United States. Any perception of such an association is purely accidental, and will be rectified immediately if brought to our attention by the reader.