Review on Qtum by gregori cordova
a platform that took the best of the 2 most successful projects on the market to combine them in a very promising project
Qtum is a platform that despite being quite new, has earned an important place in the ranking of the cryptocurrencies with the largest market capitalization, destined to offer the best of the 2 most powerful blockchains on the market: Bitcoin and Ethereum, taking from the first, security, and the second, smart contracts, allowing companies and developers from all over the business world to create their projects through the platform. qtum uses a model called utxo, which is a kind of ecosystem that avoids the possible double spending of existing coins, increasing network security.
The platform works under a proof of stake consensus, and by operating under the two most important chains in the market, it offers a series of advantages in a totally secure interoperability system with enviable scalability. as usual, they have their own cryptocurrency, used to keep the system afloat and to execute smart contracts and that does not need sophisticated devices to mine it, the only thing that must be done is to buy qtum and send them to a wallet of your preference and wait for 500 blocks that are generated in the course of 16 hours to be considered as a miner.
The developers of this project with an operations center in Asia are experts in the area of blockchain technology and have worked on large projects in the market. In fact, in 2018, the first blockchain node was launched into space thanks to qtum on a Chinese satellite, something that represented a historic milestone and that gave this project a lot of world renown.
Pros
- It is a project that combines the strongest potentialities of the 2 most famous projects on the market, such as Bitcoin and Ethereum
- In a short time it occupied a place in the ranking of cryptocurrencies with the highest market capitalization
- It is developed by a large number of experts in blockchain technology
- Very high scalability
- It is a currency that can be mined very easily just by buying qtum and keeping them in your wallet
- Offers a solid resource for the creation of smart contracts under a high-trust system
- It presents a daily market volume of more than 400 million dollars
Cons
- nothing for now
