Whitepaper overviews

Artificially generated overviews of the worlds most complex whitepapers. Designed for blockchain reviews, progressing towards overall technology.

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Quai Network: A Scalable and Programmable Proof-of-Work Blockchain

Quai Network aims to revolutionize cryptocurrency through its scalable and programmable Proof-of-Work blockchain. The document introduces Quai, envisioned as a global monetary system with high throughput and low fees, enabled by its unique Proof-of-Entropy-Minima (PoEM) consensus. It details Quai's architecture, including horizontal sharding and self-organized subnets, designed for significant scaling without compromising security or decentralization. The system features a dual-ledger with Quai, intended as a store of value, and Qi, a stable, energy-linked medium of exchange. Furthermore, the text explains the network's design mechanisms, such as dynamic block rewards, optional reward locking, and a native token conversion system. Quai integrates the EVM for smart contracts and utilizes ProgPoW for ASIC-resistant mining, alongside features like NiPoPoWs for efficient state verification and ETXs for cross-shard transactions. Overall, the document presents Quai Network as a next-generation blockchain designed to overcome existing limitations and achieve widespread adoption.

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This series introduces a conversational perspective of leading Whitepapers in the blockchain and advanced technologies sector. Papers range from a collection of Web3 to AI, as well as any interesting and unique concepts. This is provided freely by Arthur Labs with the honest intention of growing viewership in the Arthur Labs ecosystem.

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