- Quai Network launches its final testnet, Golden Age, with PoEM consensus and 10M QUAI token rewards for participants.
- Quai partners with Stork Oracle to expand RWA and DePIN use cases using real-time commodity price data.
Quai Network, a Layer 1 blockchain, has officially launched its fourth and final testnet, the Golden Age Testnet. Supported by the special Proof-of-Entropy-Minima (PoEM) consensus mechanism, this represents a major turning point in the evolution of the network and presents a novel energy-based monetary system.
Participants are motivated to investigate and interact closely with the Quai ecosystem during this crucial phase by 10 million QUAI tokens offered as rewards.
Empowering Users with Enhanced Blockchain Utility
Users of the Pelagus or Koala Wallet can download testnet QUAI tokens via the official faucet and start using the platform after downloading either wallet.
Token trading and the creation of decentralized apps (dApps) are among the several chances presented by the ecology. These characteristics try to highlight Quai’s strong infrastructure and possibilities for practical use.
Previously, on October 31, 2024, Quai Network revealed a strategic alliance with Stork, a developer of distributed oracle solutions. By combining Stork’s Composite Oracle Service into Quai’s infrastructure, this partnership provides developers with real-time commodity price data, including regional energy pricing.
Quai is opening the path for the growth of Real World Assets (RWA) and Decentralized Physical Infrastructure Networks (DePIN) inside its ecosystem by allowing such capacities. This calculated action not only improves Quai’s performance but also emphasizes its aim to become a flexible blockchain platform with concrete practical uses.
On the other hand, the blockchain sector’s more general advancements mirror its increasing focus on utility and creativity. Plans to introduce a blockchain-based platform by Goldman Sachs inside the next 12 to 18 months have been revealed, as we previously reported.
The platform supports tokenizing initiatives and builds a marketplace for tokenized assets, therefore enabling speedier trade and settlement. This project is expected to strengthen blockchain’s importance in the financial sector by the end of 2024 by connecting distributed technology with traditional finance.
Another development has been a notable increase in decentralized governance and on-chain communication resulting from the anonymous MACI protocol. Applied by companies such as Dora Vota, this technology improves voter anonymity, reduces collusion, and preserves privacy in blockchain-based government structures, according to CNF.
Such developments underscore the ongoing development of blockchain technologies, hence promoting inclusive, safe, effective decentralized ecosystems.
