Review on Qtum by Diane Tailor
QTUM review
Qtum ciphers are an open source, decentralized blockchain. In addition, qtum is an asset transfer protocol that can execute smart contracts on several different virtual machines. Quantum cryptocurrencies are a combination of bitcoin and ethereum; A combination that has been able to bring the ethereum blockchain smart contracts to the stability of the bitcoin network.
The platform offers easy solutions (such as smart hybrid contracts) to use blockchain technology, none of which are as complex as the bitcoin and ethereum systems. qtum supports the use of blockchain technology in a variety of industries such as financial services, insurance, social media, digital assets, logistics, and more.
qtum is not just a simple cryptocurrency, it was developed to provide an easy way for ordinary users and businesses that want to use blockchain. In addition, the qtum platform makes it possible to develop decentralized applications in different programming languages.
In general, this network is one of the main competitors of the network and the big ethereum project, which offers more features, but because ethereum is older, it has more fans.
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Updated 3 years ago
Rating changed from 4 to 3
The qtum project has always been one of the top 50 coinmarketcap currencies in previous years, and now it has lost that good rating. Qtum is currently ranked 80th among projects. This project has provided good security for its network and can regain its previous rank in the coming years in case of more updates.
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Pros
- qtum is an integrated platform designed to take advantage of the stable Bitcoin (UTXO) transaction model and the ethereum virtual machine at the same time.
- Decentralization is one of the main features of qtu, and this platform has facilitated the production of decentralized applications (dApps) by providing a variety of solutions for different systems.
Cons
- It has competitors with similar features as NEO, and it's hard to be first
