Review on Qtum by Raihan Sarker

Name: Qtum
Item: Qtum
Rating: 5

September 14, 2018

Qtum is a China based blockchain project offering a smart contract platform…

Qtum  is a China based blockchain project offering a smart contract platform which can be used to develop Decentralised Applications. After Ethereum, many smart contract platforms have emerged in the blockchain space, Qtum is one of the interesting ones. If I try to explain in short Qtum is a combination of following components:
Bitcoin’s UTXO model
Ethereum’s EVM
Proof of Stake 3.0
You will know more about these components as you proceed through this blog, but in short Qtum combines an updated Bitcoin Core foundation with an inter-compatible variant of the Ethereum Virtual Machine (EVM), bringing the unwavering quality of Bitcoin’s unfailing blockchain with the unlimited possibilities proposed by smart contracts. And this hybrid system is also combined with a first-of-its-kind PoS consensus protocol to offer a better scalability infrastructure.
Qtum has its own share of advantages and disadvantages, it looks to be a promising blockchain. At the time of writing this blog it has a market cap of 1,357,894,712$. It has a strong team and the background of it’s three co-founders: Patrick Dai, Neil Mahi, and Jordan Earls; looks promising. It could turn out to be Chinese version of Ethereum, or maybe even more. In short you should keep an eye on this Chinese Dragon.
﻿
﻿