1 Level
9 Review
2 Karma
Review on Qtum by Temi Tutor
QTUM demonstrates the often-discussed argument that other block chains can work…
QTUM demonstrates the often-discussed argument that other block chains can work, and Bitcoin can better handle network effects. QTUM does not believe it is a network effect, but it provides all the functions of the Ethereum token and distributed applications to provide additional mining networks and potential nodes.
However, transactions are becoming scarcer and more expensive. Developers can create applications for multiple platforms, and QTUM can be used in the future as conditions change. In essence, all of the scalability improvements and limitations of Bitcoin are available.
Pros
- The project inherits UTXO model from bitcoin for tracking funds and utilizes ethereum’s EVM to allow smart contracts
Cons
- Qtum is based on proof of the stake model, but 28% of the tokens are held by a single account holder. Currently, 75% of Qtum tokens are in the top 5 accounts. This bad token distribution is something that Qtum should do. Qtum has ported Ethereum gas, but there is no explanation for how Qtum can solve the scalability problem that has plagued the block-chain world for some time.
