Review on Qtum by Inioluwa Okedeji
Qtum: A Decentralized Blockchain Platform With A Suitable Ecosystem For The Creation Of Tokens And Smart Contracts.
Qtum is a cryptocurrency project established in Singapore that ensures that other sectors and legal institutions are able to interface easily with the blockchain technology. It is also an open source blockchain platform which allows the creation of tokens and automated supply chain management.
This project is based on the PoS algorithm and also makes use of decentralized protocols that allow the modification of different blockchain settings through the utilization of smart contracts.
Qtum also boasts of a decentralized, standardized and stable ecosystem for the creation and development of smart contracts thereby boosting business friendly relationships.
This project is developed in such a way that it is compatible with any blockchain structure already in existence and not only that, there is the added advantage of the project being able to interface with new technologies as well.
The project is compatible with multiple programming languages, such as python, java and the likes which allows different software developer to be able to access and develop different financing methods necessary to make the platform more easy to use and also increase the features of the platform which can be modified according to the latest innovations.
Qtum is a project equipped with tools and technologies that allows a large number organizations and projects carry out transactions swiftly and fast with the help of the interface with the blockchain network.
Pros
- Qtum is a decentralized, business friendly cryptocurrency platform.
- It features the Decentralized Governance Protocol (DGP) which allows the modification of specific blockchain settings.
- It makes use of the PoS consensus algorithm.
- It allows the easy interface of organizations with the blockchain technology.
- The platform features multiple reward options such as developing new decentralized apps and lots more.
Cons
- The platform's transaction charges are considered to be expensive
