Review on Qtum by Jeff Shaw
smart contract platform with large competition
QTUM is a smart contract platform built from Bitcoin core and forked to include Ethereum type smart contracts and proof of stake consensus. QTUM has some very strong competition from Ethereum to compete for developers to build on the QTUM platform, and thus far, developers for the most part have decided to build on Ethereum. Until QTUM sees some increase in projects, active developers, active addresses, and transaction volume, and proves the platform has advantages over Ethereum and real-world use cases being utilized, I would be skeptical of the project.
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Pros
- ability to create smart contracts
- proof of stake to achieve consensus
Cons
- not many projects building on Qtum relative to ethereum
- quality of projects not gaining large adoption
New products
Comments (1)
May 16, 2020
Qtum aims to utilise and enhance existing blockchain technologies to develop a network for global business application. Its hybrid makeup has helped it to develop a unique PoS consensus protocol while retaining compatibility with blockchain systems.
