Review on Qtum by Francisco Varela

Name: Qtum
Item: Qtum
Rating: 4

May 13, 2020

Qtum Project

Qtum is an open source public blockchain platform, which leverages UTXO security while enabling multiple virtual machines, including EVM and the revolutionary x86 virtual machine. Qtum is based on PoS and has a Decentralized Government Protocol (DGP) that allows modifying specific blockchain configurations through the use of smart contracts. For example, the Qtum block size can be increased without the need for a hard fork.
﻿

Pros

Qtum is a utility token for running smart contracts and decentralized applications (DApps) within the Qtum network. Qtum is dedicated to protecting user privacy and streamlining daily business routines.
The coin can be stored in a wallet accessible on many platforms. This includes the web wallet, mobile app, desktop, and hardware.
The Qtum blockchain uses the unused transaction exit model (UTXO). This model requires users to provide proof of ownership of the digital asset before they can spend it.
A proof-of-stake consensus system that is optimized for the Qtum contract model. Any user can bet and help protect the network. There is no voting, master nodes, or minimum quantity required. There have been transactions as small as 2 Qtum that have created blocks in the past. Smart contract engagement is in development.

Cons