What is Qtum? (QTUM)
Qtum (pronounced “quantum”) is a cryptocurrency software that aims to combine different parts of the Bitcoin and Ethereum design models in a bid to entice application developers.
That’s because, despite some general similarities, Bitcoin and Ethereum diverge in the specifics of how their blockchains operate and how they record and update balances held by users.
By attempting a design that blends unique aspects of the two networks, Qtum aims to offer an alternative to Ethereum that can compete on programming, while maintaining compatibility with Bitcoin, offering something like a best-of-both-worlds blockchain solution.
The Qtum team believes this design will entice users seeking to build applications running on a blockchain, the main value proposition of Ethereum, with allowing their creations to transact in a similar way to how Bitcoin does.
However, users are likely to find Qtum also includes many other aspects of other competing cryptocurrency networks.
The Qtum’s cryptocurrency, QTUM, for example, is used to pay fees to those who help operate the network, and the distribution of newly minted QTUM is based on ownership of the asset.
QTUM coins also provide voting rights in its on-chain governance system, meaning if you buy QTUM, you can influence the direction of the software’s development.
Those seeking to stay connected on the status of the Qtum project can follow its official blog.
There, project leaders release detailed quarterly updates on the state of their development direction and general financials.
#cryptowithsana #wazirxindia #wazirxwarriors #indiawantscrypto #blockchain #crypto #cryptocurrency #bitcoin #cryptography #btc #indiawantsbitcoin #ethereum #litecoin #dogexoin #wrxcoin #wrx #nischalshetty #techhelpinhindi #cryptobill #financialfreedom #cryptoeducation #indiakabitcoinexchange #buybitcoin #howtobuybitcoin
https://wazirx.com/invite/knpwmvnt
Comments
Post a Comment