Quai Network develops a decentralized blockchain platform that supports EVM-compatible smart contracts and achieves over 50,000 transactions per second with low fees. The platform addresses the need for a scalable and secure financial system by providing a stablecoin, $Qi, that facilitates predictable value and seamless transactions without intermediaries.
Funding
$15M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Existing blockchain platforms often struggle to achieve high transaction throughput without sacrificing decentralization or incurring high transaction fees. This limits their usability for mainstream financial applications and prevents the creation of a truly scalable and accessible financial system.
Solution
Quai Network is a decentralized blockchain platform designed to address the scalability limitations of existing blockchains. It employs a multi-chain architecture that supports EVM-compatible smart contracts and achieves over 50,000 transactions per second (TPS) while maintaining low transaction fees. The platform introduces $Qi, a stablecoin intended to provide predictable value and facilitate seamless transactions without intermediaries, aiming to create a more efficient and equitable financial ecosystem. By enabling the transfer of hash compute power, Quai Network also facilitates decentralized infrastructure and resource markets.
Target Audience
The primary target audience includes developers looking to build scalable decentralized applications, users seeking fast and low-cost transactions, and individuals interested in participating in a decentralized financial system.
Features
- Multi-chain architecture enabling high transaction throughput (50k+ TPS)
- EVM-compatible smart contracts for building decentralized applications
- Low transaction fees (less than a penny per transaction)
- $Qi stablecoin designed for predictable value and seamless transactions
- MEV-resistant transaction ordering for equitable and efficient DeFi markets
- Work-based primitives and proofs enabling the transfer of hash compute power
- Open-source code base for community contributions and transparency