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Review on Qtum by Gulak Adebayo
Qtum is a blockchain protocol that combines a bitcoin core chain with an…
Qtum is a blockchain protocol that combines a bitcoin core chain with an Ethereum Virtual Machine (EVM) used to develop distributed applications.
Qtum has added new features , including several APIs, since the start of Mainnet in September 2017. The new plans for 2018 envisage adding new wallet support by the end of 2018 and fully integrating x86 virtual machines into the main network. In addition to integrating Lightning Network and Atomic Swap technologies, qtum plan to build a complete dApp marketplace.
Pros
- The goal of the Qtum technology is to combine stake consensus using Ethereum's dApp capabilities and Bitcoin's unpublished transaction model to provide a block chain optimized for business use. While Ethereum has problems both in terms of processing power and security, EVM enables a stable and proven development ecosystem. Qtum solves this problem by using Bitcoin's famous absolute error-free block chain. Most importantly, it adds key services such as oracles, basic wallets, and smart contract management applications to enable organizations to migrate services from secure to blockbuster platforms
Cons
- There are lot of big player's and competitor to compete from neo, ethereum or stellar which seems to be more bigger and well known when compared to it
