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Quai Network Launches ‘Golden Age’ Testnet: Ushering in the Era of Energy-Based Money

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In a groundbreaking development set to redefine the foundations of digital finance, Quai Network announces the launch of its “Golden Age” testnet. This milestone marks the debut of a revolutionary concept: a truly scalable, energy-based monetary system powered by an innovative reimagining of Proof of Work. As we unveil this testnet, we’re not just launching another blockchain – we’re introducing a fundamental shift in how we perceive and utilize energy in the creation and transfer of value.

Key Highlights:

  1. Energy-Based Dual-Token System:

    1. Quai: A scarce, programmable asset designed to scale with network growth, with issuance logarithmically tied to mining difficulty.

    2. Qi: An energy dollar for everyday transactions, with issuance linearly proportional to mining difficulty.

  2. Proof-of-Entropy-Minima (PoEM) Consensus: An evolution of Proof-of-Work that enhances efficiency while maintaining robust security.

  3. Dynamic Sharding: Automatically scales to meet demand, showcasing Quai’s potential to handle global transaction volumes.

  4. ProgPoW Mining: ASIC-resistant algorithm ensuring decentralized mining, accessible to a broad base of participants.

Join the Thermoeconomic Movement: How to Participate

The Golden Age testnet is open to developers, miners, and blockchain enthusiasts eager to experience the future of energy-based finance. Here’s how you can get involved:

  • For Developers: Build smart contracts and dApps using familiar Ethereum-compatible tools. Explore how Quai’s unique features can enhance your applications.
  • For Miners: Dust off your old GPUs and contribute hashrate using the ProgPoW algorithm. Choose between Quai and Qi rewards to optimize your mining strategy.
  • For Users: Interact with the dual-token system, test the Quai ecosystem of dApps, and provide valuable feedback on the user experience.
  • Incentives: Participants can earn rewards from a pool of 10 million QUAI tokens, distributed based on testnet activity and contributions.

Looking Ahead:

As Quai Network progresses through its testnet phase, it’s paving the way for a robust, scalable, and efficient blockchain infrastructure. The insights and data gathered during this period will be crucial in refining the network for its eventual mainnet launch.

For developers, node operators, and blockchain enthusiasts interested in being part of this revolutionary testnet, Quai Network invites participation and feedback. Stay tuned for more detailed announcements on how to get involved and contribute to shaping the future of blockchain technology.