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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

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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