Quai Network Airdrop Review: Fast Secure Decentralized

About Quai Network Airdrop

Quai Network Airdrop is a new design to create radically more efficient blockchains. Our solution relies on revolutionary advances in blockchain sharding technologies and the use of Proof-of-Work 2.0. Because Quai Network is modular, it can scale horizontally to accommodate more users as the network grows. By making huge strides in overall blockchain scalability, Quai Network paves the way for the next billion users to participate in Web3.0.

With ever-increasing demand, traditional Layer 1s are struggling to provide adequate scalability – resulting in high fees and centralization. By providing an innovative and scalable multi-chain solution, Quai Network Airdrop is the first decentralized blockchain that can truly scale for worldwide adoption.

Step-by-Step Guide:

1. Visit the Quai Network Bounty form.
2. Join their Discord channel.
3. Follow them on Twitter.
4. Also fill out the details of the social channels you’re interested in participating.
5. Submit your details to the above bounty form.
6. Now complete the tasks as mentioned in this Medium article.
7. The bounty tasks are available on various social platforms including Twitter, YouTube, Reddit, TikTok, and Instagram.
8. Complete the tasks of the social platform you’re interested in.
9. Quai Network utilizes bots to track user rewards across all social platforms.
10. The rewards can be checked on their Discord channel.
11. The tokens for the bounty will be distributed as soon as the token has been released.
12. For more information regarding the bounty, see this Medium article.

Revolutionizing Money.

Quai is a scalable, EVM compatible network of merge-mined blockchains enabling fast, accessible, and low-cost decentralized finance.

Testnet Metrics

Over the course of Quai Network’s Bronze Age Testnet, lasting from February 18th to March 23rd, individuals around the globe assisted in simulating real network conditions. Overwhelming interest in the Bronze Age Testnet provided invaluable experience and information as Quai Network continues on the path to Mainnet.

How does Quai Network scale?

Quai Network is patterned after sharded blockchains. It takes a single blockchain and breaks it into many smaller and faster blockchains to improve performance. What makes Quai Network truly special is the incentive structure and mechanism in organizing shards.

Unlike most sharded blockchains, Quai Network is Proof-of-Work. Proof-of-Work provides a verifiably objective mechanism that is highly resistant to centralized social cooption. Giving Quai Network two unique advantages:

• A highly decentralized set of network validators.
• Tangible value creation that operates outside the realm of social consensus.

Merged Mining in Quai Network

When mining on Quai Network, miners will select the latest header from the Prime blockchain, one of the three Region chains, and one the three Zone chains that belong to the chosen Region. In a 3×3 network, a Quai Network miner will be able to choose from 9 different “slices”.

When mining the combined header of Prime, Region, and Zone, the miner will be able to find Prime, Region, and Zone blocks based on the difficulty requirement of each header. It is expected for Zones to have the lowest difficulty, which gives Zone blocks the lowest block time. Upon finding a block with higher difficulty (i.e Prime or Region), all blocks below the difficulty requirement are also valid. So when the Prime chain is extended, so is the Region and Zone chain of the slice being mined.

Tokenomics

The Quai token acts as the backbone of Quai Network, ensuring network security, spam resistance, and simple exchange of value in a decentralized system.

Quai Network has a hard-capped token supply in order to achieve decreasing inflation in the short term and deflation in the long term.

Adoption Incentives

25% of the tokens are allocated to adoption incentives that look to provide critical integrations for Quai Network. This may come in the form of partnerships with Fortune 500 companies, governments, and underserved societies.

Mining

20% of Quai Network’s total supply will be reserved as block rewards for miners. Similar to other Proof-of-Work algorithms, Quai Network incentivises beneficent allocation of hashpower by rewarding miners who confirm a legitimate block that gets propagated to the entire network.

Due to the different levels of difficulty in mining Quai Network’s Prime, Region, and Zone chains, block rewards vary depending on which level of the hierarchy the miner has successfully mined the block in.

Foundation

15% of the tokens are allocated to the Foundation. These tokens will be used for several ecosystem-building endeavors, including further marketing, business development, brand awareness, and protocol support. These tokens have a 10-year vesting period and associated burn if unallocated.

Strategic Partners

15% of the tokens are allocated to strategic partners who are aligned with the goals and values of Quai Network.

Infrastructure Partners

5.5% of the tokens are allocated to infrastructure partners who are dedicated to helping Quai Network become the most globally accessible blockchain platform to date. These services include node hosting, mining pool operations, RPC accessible, and more. It is our goal to utilize these partners to promote ongoing decentralization efforts for the long term.

Key Features

Fast

With 13 blockchains running in unison, Quai Network offers high-speed block production. The Prime chain has an approximate block time of 15 minutes, Region chains have an approximate block time of 5 minutes, and Zone chains have an approximate block time of 10 seconds. With all of these chains producing blocks asynchronously, Quai Network’s average block time can be approximated to be a block every ~1.1 seconds.

Decentralized

Enhancing a blockchain’s speed is meaningless if decentralization is sacrificed in the process. Through the development of Proof-of-Work 2.0, which utilizes both merged mining and sharding, Quai Network remains highly decentralized and open-source.

Secure

Through the use of merged mining and coincident blocks, all Quai Network state changes are eventually confirmed by 100% of the network’s hashpower.