1 Level
15 Review
22 Karma
Review on Qtum by Tiger Lee
Qtum developers took Ethereum smart contracts and put them on Unspentβ¦
Qtum developers took Ethereum smart contracts and put them on Unspent Transaction Output model from Bitcoin (as opposite to account model in Ethereum), proof of stake, so no mining blocks. No masternodes as well. Anyone with any amount of coins will be able to run a node, create a new block in the blockchain and get block reward.
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Pros
- Qtum utilizes a native multisig wallet which is proven to be secure. Qtum is finishing up the X86 VM, allowing multiple programming languages. Fully decentralized. Up to 1000TPS + soon, Ethereum virtual machine is used, so Ethereum contracts will be possible to run on Quantum with some minor adjustments. So far dev team have kept their promisses and goals
Cons
- Report pointing at some issues with UTXO model, and warns that Smart Contracts build on this model has some serious limitations. Ethereum platform refused to use UTXO model., very shady past of Qtum founder Patrick Dai, who was involved in the BitBay project, previously under the different name Steven Dai and allegedely stole 200BTC
