Welcome to the thirtieth 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
“We’re excited to announce that another 4 million in Mainnet Quai has been allocated as incentives for miners to continue hashing and mining blocks after we reach block 600,000 in each Zone!”
In this week’s quote of the week, Dominant Strategies CMO Raleigh shares that incentives for mining blocks in the Quai Testnet will continue beyond blocks 600,000. The full details of these new incentives has been posted in the Quai Discord, and can be found in the full text of the announcement.
These additional 4m in Quai incentives will allow the Quai Testnet to continue operating, being developed on, and tested against, while development for the upcoming Golden Age Testnet is ongoing. Even if you haven’t spun up any GPU miners to mine in the Iron Age Testnet thus far, it’s not too late to earn some Mainnet Rewards!
Technical Term of the Week
Quais SDK – The Quais SDK (Software Development Kit) is a fork of the Ethers SDK, acting as a collection of libraries and tools designed for interacting with Quai Network. Quais, similar to Ethers, provides functionalities for creating wallets, sending transactions, and interacting with smart contracts in a simplified and efficient manner.
The Quais SDK is an open-source fork of the Ethers SDK. The Ethers SDK, originally created in 2016, gives developers a straightforward toolkit for interacting with the Ethereum blockchain. The Quais SDK, in the same spirit, is designed to give developers all of the functionality of Ethers on Quai, in addition to supporting new functionality unique to Quai’s multi-chain architecture.
There is still minimal documentation for the Quais SDK as it undergoes ongoing development – however, if you are looking to use the Quais SDK while developing on Quai, you can explore the relevant pages of the Quai documentation here or join the Quai Dev server to ask your questions to other Quai devs here. Both members of the Dominant Strategies team and community developers from around the world in that server are more than happy to help you in your Quai development journey.
Top Posts of the Week
- The new open-source Quai Documentation is now available:
- A variety of new diagrams and animations have been added to the Quai Docs:
- The largest Testnet transaction (thus far):
- Many QRC-20 tokens have been deployed on the Iron Age Testnet:
- A Quai community developer created a custom GPT for Quai development:
Mining: Office Hours w/ Judi & Hussam: December 19th, 2023 @ 10am CST – Join Dominant Strategies team members Justin and Hussam for a casual discussion on mining in the Quai protocol.
Core Protocol: Office Hours w/ Max & Wizeguyy: December 21st, 2023 @ 9am CST – Join Dominant Strategies team members Max and Wizeguyy for a casual discussion/Q&A on the architecture and development of the core Quai protocol.
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.