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Qtum – A Hybrid Model for Real World Blockchain Solutions

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QTUM
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Qtum aims to create a simple decentralized application framework that can work on multiple blockchains. While most crypto projects are independent ecosystems that run parallel without any possibility of integration, Qtum provides a sort of meeting ground that can be executed on any computing or mobile device.

A Composite Crypto Model

In order to achieve this, the project has combined remarkable aspects from top blockchain ecosystems such as bitcoin and the Ethereum Virtual Machine (EVM). It applies the robust security system that has kept the bitcoin blockchain free from malicious attacks since inception offering a reliable and consistent basis. Adding this reliability to the Smart Contract feature from ethereum makes the system hard to beat.

Its consensus protocol is yet another hybrid aspect of Qtum’s design. It applies a first-of-its-kind Proof-of-Stake algorithm that allows for compatibility and interoperability with other blockchain platforms. This protocol also offers a flexible support system for mobile devices as well as the Internet of Things (IoT) applications.

UTXO-Based Master Smart Contract System

The platform makes use of a novel smart contract system that borrows the UTXO concept from bitcoin. This is a simplified payment verification protocol that makes it possible to execute the smart contract functionality on lite wallets. That capability, in turn, makes the platform viable for mobile device use without presenting any limitations. This is a welcome revolution considering that more than half of all internet traffic can be traced back to mobile devices.

The bitcon script is the choice language for Qtum as it offers yet another possibility. It creates a primary track over which code is transported through the Qtum version of the EVM. This simply means that platform users can effectively create and deploy advanced smart contracts that can connect real-world logic with the benefits of the blockchain.

Existing smart contract functions are unable to interact effectively with data outside of the blockchain ecosphere. This has greatly limited their implementation in many industries. But the Qtum approach bridges that gap and opens up the world to smart contract functionality as it is applicable both on and off-chain.

Qtum has the long-term objective of setting up the ideal infrastructure for established industries and big enterprises to deploy custom interfaces using the blockchain technology. This will allow the platform’s users to create their own tokens, execute contracts and automate processes. All this will take place in a secure environment that offers the utmost stability.

Synergetic Development

Qtum is collaborating with various global partners in order to take advantage of shared resources to facilitate synergetic development. It will also reference investment banking concepts to carry out industry analyses and choose the ideal sectors in which Qtum technology can be implemented. Moreover, the enterprises using the platform will create additional applications and contribute to its development sustainability.

What makes the system outstanding is that it employs the benefits of bitcoin and ethereum while also addressing their inherent flaws. This approach is set to benefit multiple industries, creating practical business implementation opportunities and a new blockchain economy mode.

We will be updating our subscribers as soon as we know more. For the latest updates on QTUM, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of Christian Kanzian via Flickr

Altcoins

HODLing Stellar Is A Good Plan For 2019

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HODLing
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HODLing, or holding on to a certain asset or assets has always been an extremely useful investment strategy, even before cryptocurrencies were even imagined. Now, with the market being more uncertain than ever, many are wondering what is the right thing to do with the coins in their possession.

Of course, things change depending on the coin in question, but today, we are going to talk about why it is a good idea to hold on to your Stellar (XLM) in 2019.

Why You Should Hodl Stellar (XLM)

The crypto market is rich with hundreds, and even thousands of different projects at this point, and separating valuable ones from those that are destined to slowly fade away can be tricky. However, even the biggest skeptics believe that Stellar is a coin that is here to stay.

XLM was first launched in 2014, and for a long time now, it has been among the top 10 cryptos by market cap. It is an open-source, decentralized protocol that allows users to send fiat currencies by using cryptocurrency as a method of transport. In a lot of ways, it is very similar to XRP. However, the biggest difference is that Stellar aims to offer its services to regular people, while XRP is more interested in working with banks and financial institutions.

Nevertheless, sending money, especially when it comes to cross-border…

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Altcoins

Reasons To Invest In Electroneum In 2019

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Electroneum
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2018 has been quite a rollercoaster for the crypto space. Coins went up and down more times than anyone could have guessed, not to mention two massive market crashes. However, in a few short weeks, the year will be over, and a new, positive period for the crypto world is expected to arrive.

While there are many predictions for 2019, today we are only interested in one thing — Electroneum (ETN). A lot of people quickly took notice of this coin, and many believe that it is among the coins of the future. Indeed, it has received a lot of attention, and many are interested in why that is, and why investing in it is a good idea. So, let’s take a look at a few reasons why you should invest in ETN in 2019.

1) It is fast

Speed and precision of any service have always been very important to people. This importance is even greater when making a profit depends on it. Electroneum developers were aware of this when they created it, and the coin is up to 5 times faster than Bitcoin. This means that ETN transactions can be confirmed much faster, which in turn reduces fees and waiting time.

Furthermore, there are also plans to create Electroneum Virtual Currency Exchange, which will allow the project to act as an exchange. However, the even…

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Bitcoin

SEC Postpones Bitcoin ETF Decision Once Again

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Bitcoin ETF
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The new announcement by the US SEC (Securities and Exchange Commission) states that the decision regarding the potential approval of several applications for a Bitcoin ETF (exchange-traded funds) is once again postponed. This time, the SEC declared that the decision will be made by February 27th, 2019.

The application requesting that VanExk SolidX BTC fund get s listed on Cboe BZx Exchange that was published on July 2nd needs to be given order by the commission within 180 days. Originally, the deadline for doing so was December 29th. However, the SEC decided to extend the period for another 60 days, effectively moving it to February 27th.

The SEC stated that designating a longer period for making a decision was found appropriate, as more time is needed in order to properly consider the rule change.

Cryptocurrencies need a sufficient monitoring mechanism, claims SEC chairman

Recent reports claim that the SEC received over 1,600 comments after requesting the public opinion regarding the ETF applications issue. In the past, the SEC rejected many such applications, some of which were even submitted by SolidX itself. In addition, they also rejected the applications submitted by Gemini, the exchange owned by Winklevoss twins. Brothers were attempting to gain ETF approval ever since 2013, although to no avail.

Other applications were also submitted by Direxion, ProShares, as well as GraniteShares. The SEC rejected them…

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