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New Zealand, Msc
1 Level
37 Review
-271 Karma

Review on Qtum by Helen Cheb

Revainrating 5 out of 5

The platform is based on the algorithm for creating new Proof-of-Stake coins,

The platform is based on the algorithm for creating new Proof-of-Stake coins, and management is carried out using the decentralized DGP protocol. Thanks to such a system, it is possible to make changes to the blockchain settings (for example, change the block size without a hard fork), use smart contracts.

The Qtum blockchain is built primarily for business. It promotes the secure and stable development of business systems with simple coding and deployment of smart contracts. The option is suitable for both large and small companies. In addition, based on Qtum, you can create and maintain decentralized applications of increased interoperability. The editors of Profinvestment.com offer a detailed overview of the Qtum platform and the QTU cryptocurrency. Despite the incompatibility of different blockchains, the developers managed to launch the project on the two most popular platforms - Bitcoin and Ethereum. If this hybrid turned out to be incompatible with life, it would have been forgotten long ago - the launch took place in 2017. But the crypt lives on and the team promises to help the financial sector, the Internet of things and other areas of human activity with the help of this platform. That is, the team is the main guarantor of the future success of the project. Now many people are talking about the underestimation of the crypt, which means that the course should gradually grow. I think that this project is worth investing in. There are several key facts from the Whitepaper that help describe the Qtum cryptocurrency. First, PoS with no masternodes. Anyone with any number of coins will be able to run a node, create a new block in the blockchain and receive a reward for it. The chances are higher for those who hold more coins. There is some formula by which the node calculates a new hash every 16 seconds, after which this hash is compared with a given number of complexity. And the more coins a user has in his account, the greater his number of complexity and the easier it is for him to get a successful hash. Everyone will agree that each project has advantages and disadvantages. With regard to this coin, I want to focus on the merits. The project is decentralized and securely protected from hacker attacks. The system is supported by powerful software, making data distribution fast and efficient. Now the cost of cryptocurrency exceeds 500 rubles, there is potential for development and further growth. To store the coin, a private wallet was created, and there is also access to mobile storage. The coin is traded on all major exchanges. This increases the demand for it.

img 1 attached to Qtum review by Helen Cheb
img 2 attached to Qtum review by Helen Cheb
img 3 attached to Qtum review by Helen Cheb

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Pros
  • The project is decentralized and securely protected from hacker attacks.
Cons
  • no

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