Quai Network (QUAI) is a smart contract platform created in the USA that operates on a Proof of Work (PoW) consensus mechanism. It is designed as a Layer 1 (L1) blockchain solution for decentralized applications and digital asset transfers. QUAI aims to provide a secure and efficient platform for developers to build and deploy decentralized applications. Please note that this description is for informational purposes only and does not constitute investment advice.