PoEM+GPU mining, Quai Network token $QUAI has accumulated transaction volume of over US$80 million in the first three days of launch

Quai Network, a Layer-1 blockchain project dedicated to achieving energy monetization, announced on February 21 that its native token $QUAI was officially opened for transactions. This release is an important achievement of the project team's deepening of technological research and development, and provides innovative solutions for the scalability and decentralization of the blockchain field.

With the full operation of the Quai main network , the project officially launched the Minimum Entropy Proof (PoEM) consensus mechanism. This mechanism achieves significant throughput improvements based on ensuring Proof of Work (PoW) security and decentralized properties.

Important progress of the project:

• Main network operation data: More than 120,000 GPU miners have been deployed worldwide, and a total of 2.4 million transactions have been processed, and the number of global consensus nodes has exceeded hundreds.

• Technological innovation: Minimum entropy proof (PoEM) significantly optimizes traditional PoW efficiency by integrating the execution of sharding, parallel processing and hierarchical merger mining chain architectures.

• Technical architecture: Fully support EVM compatibility, support GPU mining, and realize dual support of account model and UTXO model

• Market performance: $QUAI's initial market value is US$47 million, with a fully diluted valuation of US$300 million, hitting a maximum of US$0.32 during the first round of trading, with a market value climbing to US$155 million, and a cumulative three-day trading volume exceeding US$80 million.

• Distribution channel: It has now been logged into mainstream trading platforms such as Gate.io, MEXC, LBank and BitMart

Quai Network co-founder Alan Orwick said: "The successful release of $QUAI marks an important development milestone in the cryptocurrency industry, and the market's positive response fully reflects the development potential of the project. The transaction volume exceeded $80 million and the rapid development of the first round of transactions. The expanded ecological community has strongly confirmed the important value of scalable PoW in promoting practical applications in the industry. This is only the prologue, and we will continue to work on building a decentralized, high-performance blockchain network to realize the cryptocurrency Fundamental value proposition. "

About Quai Network

Quai Network is committed to leading the wave of cryptocurrency innovation with the first scalable and programmable proof-of-work blockchain technology. Based on the innovative Minimum Entropy Proof (PoEM) consensus mechanism, Quai has achieved breakthrough progress in speed, efficiency and decentralization, promoting the large-scale application of blockchain technology.