This Week in Quai #1

Welcome to “This Week in Quai,” a new initiative by the development company of Quai Network, Dominant Strategies. This Week in Quai will provide weekly updates to the Quai Community by aggregating and explaining popular Quai quotes, technical terms, and social posts from the past week and offering a schedule for upcoming events.

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

“Nobody knows how far you can go with a paper currency before it gets out of control, particularly if you are the world’s reserve currency.”

– Warren Buffett, May 6 2023

Warren Buffett is an American investor and philanthropist widely regarded as one of the most successful investors in the world. Offered in response to a question about the US Dollar losing its reserve status, Buffett’s quote highlights the inherent risks and uncertainties associated with traditional paper currencies, which are widely considered low-risk and certain.

Cryptocurrencies like Quai Network, as emerging competitors to traditional paper currencies, have the potential to enable the money system to exist as an immutable protocol controlled and maintained by its users rather than as a political tool of governments.

To read the remainder of This Week in Quai #1, visit the Quai blog: https://qu.ai/blog/this-week-in-quai-1/