Bitcoin Forum

Brief Overview for Crypto Enthusiasts

Qointum can be simply described by imagining "Ethereum 3.0", it is an improved decentralized shared-state Turing machine with a precise economic model of CPU cycles and storage bytes. The most significant improvements are that Qointum employs post-quantum cryptography that is secure against quantum computers, its smart contracts are scripted in Python which is a far more flexible language used by millions of developers, and it is web-scalable thanks to its torrent-like web protocol QHTTP and light-weight decentralized security Queued Delegated Proof-of-Stake paired with Entangled Chains which enable seamless interaction between contracts across multiple blockchains. The Qointum platform is unrivaled in its ability to host and accelerate the development of new cryptocurrencies, decentralized applications, and decentralized websites.


Overview

Qointum is the Quantum-Secure Trustless Smart Money powering Web 3.0. Secure and trustless digital money like Qointum is known as cryptocurrency.

Qointum is trustless because it is decentralized, anyone with a home computer can join the Qointum network to help verify transactions of digital money, and all computers operate using the same rules written in machine code. Qointum is also transparent, anyone can read the machine code rules that govern it and everyone knows the total amount of money and credit in existence, ensuring that money can not be arbitrarily created at the whim of officials behind closed doors. With a Qointum wallet you are in full control, your account can never be frozen by authorities or become unavailable due to bank insolvency.

Today, research laboratories around the world are racing to build the first practical quantum computer, and experimental 16-qubit processors have already been constructed. With cryptocurrencies that use elliptic curve cryptography (ECC) such as Bitcoin, a transaction from an account will expose that account’s public key in the signature, which can be used in theory by a quantum computer to derive the associated private key, giving an attacker control over the account. A significant percentage of Bitcoins are currently held in accounts with exposed public keys and are thus vulnerable to quantum attack. Qointum employs “post-quantum” cryptography that is designed to be secure against quantum computers as well as classical computers, thus future-proofing the security of stored value owned by Qointum users from all theorized cryptographic attacks.

Another challenge facing many cryptocurrencies like Bitcoin is the cost of securing their decentralized networks through “proof-of-work” schemes, which require unbounded amounts of processing and thus consume limitless electricity. The Qointum network provides light-weight decentralized security through Queued Delegated Proof-of-Stake which consumes a limited and negligible amount of electricity, so Qointum users can enjoy a high-frequency value exchange with low transaction fees. Qointum is also ready to handle everyday mobile payments as the network provides instant transaction confirmation by means of a consensus heuristic based on delegate voting.

Qointum is also the first and only cryptocurrency to be scripted in the popular language Python which is used by millions of skilled developers worldwide. It's truly programmable money capable of smart contracts, which are trustless automated rules that govern relationships between parties. Together with full web browser integration and Qointum's new web-scalable Entangled Chains technology which can be described as decentralized databases interconnected through programmable money, Qointum is powering the emerging privacy-centric and cryptocurrency-native Web 3.0.


Features

• Qointum is developed from scratch in the world-class blazing-fast language C++
• the first and only cryptocurrency based on Post-Quantum Cryptography, provides 128-bit level security against quantum computer attacks
• Qointum is a decentralized shared-state Turing machine controlled by Transaqoins and Qointracts which are trustless automated rules that govern relationships between parties
• the first and only cryptocurrency scripted in the popular language Python, the Qointum SDK enables developers to use their preferred Python IDE to create and distribute transaqoins and qointracts
• web browser-based Qoinapps with a JavaScript API enables web developers to create decentralized applications
• web browser plugin QHTTP serves entire websites over a decentralized peer-to-peer blockchain network
• new light-weight decentralized security algorithm Queued Delegated Proof-of-Stake that schedules delegates randomly ahead of time enabling network optimization
• new light-weight consensus heuristic Maximally Vetted Delegate Chain that enables light clients to perform Simplified State Verification
• Quorum Transaction Confirmation provides instant confirmation by means of a consensus heuristic based on delegate voting
• new web-scalable Entangled Chains that enable Web 3.0 decentralized encrypted services such as a social network, or redundant storage, or government-issued digital currency
• assets such as ℚoin use arbitrary precision arithmetic so they can be divided into infinitesimal pieces
• stakeholders rewarded with 5% annual stake interest and benefit from payments made for the Qointum Pro License
• decentralized governance enables adaptive inflation, and polls make binding decisions within the Qointum community
• new blockdag secure data structure, a graph of blocks enables branch merging and faster convergence of consensus
• new decentralized messaging network Ensemble using post-quantum cryptography to enable private communication and stealth payments

Reserved Translate in Romanian/Moldovean language!

reserved indonesian translation

Reserving Hindi translation if needed.





The ICO already started? Where can I see the stats? Can't find much information on the blog: https://wiki.qointum.com/about/

checking the website and crowfunding will start in 14 days and 18 hours. this is interesting hope im not miss early backer 75% bonus. bookmark this one. Good luck!

Crowdfunding already started! After 14 days the 75% early backer bonus will be gone, so you have time to decide.

erikalui, thanks for quoting my post for the images! Looks like my activity is high enough now to show them.

Reserving Turkish translation if needed.

Do you have a total minimum investment that will be required for the project to launch? And will you be using an escrow?

So, the price is 5000 satoshi each Qointum ?

Dev, i think you need to show more information about hardcap, only 0.4 % raised so far

Couple of questions...

When did you first try to launch this coin?

How many times have you tried to launch this coin?

How much did you raise in your previous crowdsale/ico, and what was it spent on?

It doesn't look like any progress has been made on this project, why is that?

FF.
 name sounds failiar from Quantum which ICO ended just a month ago?
 
Please reserve Filipino translation and ckmmunity management if in need.

"...Qointum can be simply described by imagining "Ethereum 3.0""   :o


I'm ..... curious  .... ehhm yeah, curious  ::)

Where to find the whitepaper of this project and no link to team members profile. How to find the information who are in the dev team even github page last update almost over a year.

https://github.com/Qointum

Tried once about 2 years ago, but the environment is different now with Ethereum's success as an alt-coin.


Nothing raised, nothing spent. To be exact, only raised about $100 USD, couldn't make progress without funding.


Yep, the post-quantum part of Qointum's design (https://wiki.qointum.com/design/dev/) was ahead of its time! That other crypto has gotten investor and media attention for employing a version of same Merkle signature scheme, but IMO a worse implementation as their signatures are over 3x larger.

Why not adding some info in the ANN, such as  the coin supply , details for the ICO sale.
That would make people get info more convenient.

from crowfunding page...
For the Initial Round, the pledge reward is ℚ20000 per 1 BTC, with no limit to the number of qoins available. Due to volatility in the market, pledges denominated in other cryptocurrencies may have a non-fixed reward that is determined daily. The Initial Round ends on Aug-14-2017-00:00-PDT, after which we will no longer accept pledges until the next round. As our thanks to early backers, pledges made before July-17-2017-00:00-PDT and July-31-2017-00:00-PDT will receive qoin bonuses of 75% and 30% respectively. As our thanks to strong backers, backers who pledge a total of over 1 BTC and 0.2 BTC (or equivalent summated over all cryptocurrencies) will receive additional qoin bonuses of 75% and 30% respectively.

im quite confuse... to get bonus of 75% I need invest more than 0.20BTC ???

19.9% is a hell of a chunk though, will any of this be time-locked? If so, how much, and for how long?

Hello, will this project offer rewards campaign? This question is being asked because I only see requests for translations! :D

Very interested in this project...the design page was amazing to say the least.  The turnoff is the project is scheduled for a mainnet release in 2019.   Who knows what cryptocurrency landscape look by then.

Maybe crypto crash.
Maybe ETH dominated everything including BTC
Maybe IOTA replaces ETH. 

No one knows.

i just see as the Qtum and "Ethereum 3.0" make me feel so bad, there are so many coins claimed to be Ethereum or surpass Ethereum, can i see them after two years?

Lately Litecoin is rarely seen
and you used it for the first time in a few months back, is it possible that this signal is the return of Litecoin

If you give >  1BTC you get 75% additional bonus
If you give <  1BTC  and > .2 BTC you get 30% additional bonus

Can more information be given out regarding ICO?  What is the minimum acceptable amount for project to launch?  What happens if you do not meet the requirement?  Is there another round of investment going to happen?  When?   What is the coin cap?  How is it determined?  Would the date of the roadmap be earlier if the second round of investment goes well?

I am definitely interested in this project, but more need more details.  Also having the dates moved up would be good too...investors want to see quick results and fast development.

Its also nice to see that there are bits and pieces of the codes already out there.  Is there a github to see the progress?

Lastly, can you link to your last project that raised $100?  Just for transparency.  It is great that you are honest about it.

Is there any info on the team?  Looks like there isn't one yet...

Nobody knows who OP is, they have no profile not sure how they expect to deal with people. Winter 2018 roadmap LOL! Nothing will happen with this until Winter 2018 which is a ridiculously long timeline in such a fast moving industry. Also OP is asking for 1 1/2 months of initial funding with unlimited cap hahahahaha while Winter 2018 before this project even comes out. Not sure what set-up they have with monthly fees, apparently to use the pro-version of their software you have to pay them $199 per month USD or 30% cheaper if you use Qointum. Imagine if to use Ethereum you had to pay them in ETH monthly or $199 hahah, that's completely against decentralization. This Qointum guys' name is "Dan" he has 3 followers on Twitter and no tweets, has a bs resume with no evidence, this must be a joke.

https://bitcointalk.org/index.php?topic=1077638.20

^ The dude was advertising his product in 2015 said crowdfunding was still Sept. 2016 from then but apparently it never took off now he's back at it in 2017 after Crypto takes off. What a joke, so many holes in this.

 ;) look promise. any bounty program

Why have you chosen to go with McEliece instead of a more modern lattice-based cryptosystem like one based on LWE?

Who is in the team? Where's the whitepaper and github repository?

Dev's ID is easy to find from the details here: https://wiki.qointum.com/about/

Whitepaper: https://wiki.qointum.com/design/dev/

Github: https://github.com/Qointum

Wow, there's already a quantum resistent ledger, so this one is trying to do the same thing? Anon dev without escrow asking for money?

Are you trolling, or just incapable of reading? It took me 2 minutes to find out who the dev is and what he does for a living.

I could post his website for you, and his other twitter account. I could give you the link to his home address, and an online article about him, complete with photos of his wife and kids. But I'm not going to.

Whether this project ever gets off the ground remains to be seen, but really, anon dev?

Troll on.

It looks like this ICO is falling flat and no one is contributing. This is because of lack of attention by the dev.

What I get from this is a few possibilities:

1. The dev doesn't care about this endeavor
2. The dev thinks he is "too smart" to show he cares -- known as "aloof dev syndrome"
3. The dev doesn't realize he needs to engage the potential buyers
4. The dev doesn't want potential buyers for some sort of inside play

My guess is it is #2. But there's not much anyone can do about aloof dev syndrome. The big problem is that these aloof dev ICOs ALWAYS turn out to be scams. I've never seen an aloof dev ICO that wasn't a scam. They may not intend it to be, but they usually are. It might be that the dev can't bring himself to interact with all these people who bought his coins but don't share his Einstein intelligence (for which no evidence is ever produced). But in the end, the dev goes dark and doesn't deliver, and the coin price tanks badly.

Dev if you are listening and can put aside your "I'm smarter than everyone here" issues, you should engage the community and try to get some buys. As it stands, you already abandoned this project once for lack of funds, and are likely to abandon it again for the same reason.

Quantum resistance is old news now, and even though you "came up with the idea a long time ago", the money goes to the people who ACTUALLY DO IT. This isn't a virtual reality video game where you win in your head. The pat on the back your mom gives you for a good idea is not worth shit.

It is the real world where doing means success and not doing means big time fail.

Just some tips from a pro.

This is a very good project but is there any bounty in this project be it twitter, facebook, blog and media if any i will be the first one to get this coin. thank so much.

This seems to be a very.... hefty project. Ever language is a little vague while still being technical. Curious... I'll watch from the side i think....