[ANN] (QTUM) - A Scalable Smart Contract Platform w/ Proof of Stake

[Heruur]

I will read the white paper to understand the new UTXO evolution 

[1715168284]

1715168284

[earlz]

So, what's the big deal with an UTXO-based Smart Contract Platform? Doesn't Ethereum function the same way?

Hi, Ethereum does not function in the same way. Ethereum has an account-based model. So, when you receive and send funds, you have an account with your balance, and you add or subtract from that balance depending on if you're sending of receiving money. Bitcoin on the other hand uses the Unspent Transaction Output (UTXO) model. In Bitcoin you don't receive and send funds directly to an "account". Instead, an account does not really exist on the blockchain and instead you have unspent transaction outputs. Imagine it like a check from the bank. You have a check for $50 and you want to send $20 to someone. So, you would go to the bank, give them the $50 check, and then get a $30 check written out to yourself and a $20 check written to the person you want to send to. This is pretty much exactly how Bitcoin works and your "account" or wallet balance is rather the sum of how many outputs (checks) you own and can spend.

This is a big deal for a number of reasons.

1. The UTXO model is what Bitcoin uses, and thus Qtum will be compatible with existing processes and technology built for Bitcoin. This means companies that already use Bitcoin should have no problems or massive process changes to adopt Qtum, unlike Ethereum.
2. The UTXO model has the tried and proven SPV protocol for decentralized mobile and light wallets. There is currently no protocol for decentralized mobile and light wallets in Ethereum
3. The UTXO model has so far been proven to be more scalable for the long term, with it's ability to process transactions in parallel and easy method of trimming spent transactions from client node's copy of the blockchain

I'm sure there's more reasons, but the big thing that important right now about Qtum is that it will unify the Bitcoin and Ethereum communities and technology. Ethereum developers will easily be able to port their code to Qtum and gain all of the advantages of Qtum, while Bitcoin developers will easily be able to switch to Qtum while using familiar technology and begin writing powerful smart contracts on this platform.

[polick]

This project sounds really amazing. I am excited to see what comes out next.

https://btcmanager.com/news/tech/quantum-foundation-combines-bitcoin-and-ethereum-to-create-qtum/

[ije07]

So, what's the big deal with an UTXO-based Smart Contract Platform? Doesn't Ethereum function the same way?

Hi, Ethereum does not function in the same way. Ethereum has an account-based model. So, when you receive and send funds, you have an account with your balance, and you add or subtract from that balance depending on if you're sending of receiving money. Bitcoin on the other hand uses the Unspent Transaction Output (UTXO) model. In Bitcoin you don't receive and send funds directly to an "account". Instead, an account does not really exist on the blockchain and instead you have unspent transaction outputs. Imagine it like a check from the bank. You have a check for $50 and you want to send $20 to someone. So, you would go to the bank, give them the $50 check, and then get a $30 check written out to yourself and a $20 check written to the person you want to send to. This is pretty much exactly how Bitcoin works and your "account" or wallet balance is rather the sum of how many outputs (checks) you own and can spend.

This is a big deal for a number of reasons.

1. The UTXO model is what Bitcoin uses, and thus Qtum will be compatible with existing processes and technology built for Bitcoin. This means companies that already use Bitcoin should have no problems or massive process changes to adopt Qtum, unlike Ethereum.
2. The UTXO model has the tried and proven SPV protocol for decentralized mobile and light wallets. There is currently no protocol for decentralized mobile and light wallets in Ethereum
3. The UTXO model has so far been proven to be more scalable for the long term, with it's ability to process transactions in parallel and easy method of trimming spent transactions from client node's copy of the blockchain

I'm sure there's more reasons, but the big thing that important right now about Qtum is that it will unify the Bitcoin and Ethereum communities and technology. Ethereum developers will easily be able to port their code to Qtum and gain all of the advantages of Qtum, while Bitcoin developers will easily be able to switch to Qtum while using familiar technology and begin writing powerful smart contracts on this platform.

Whew ... development and many noticing
Maybe I agree with etherum ...
This will be a great mix and cool
Hopefully qtum responded to etherum sir
Thank you.
and many say the current etherum be altcoin best at each forum. congratulations

[Altty]

So, what's the big deal with an UTXO-based Smart Contract Platform? Doesn't Ethereum function the same way?

Hi, Ethereum does not function in the same way. Ethereum has an account-based model. So, when you receive and send funds, you have an account with your balance, and you add or subtract from that balance depending on if you're sending of receiving money. Bitcoin on the other hand uses the Unspent Transaction Output (UTXO) model. In Bitcoin you don't receive and send funds directly to an "account". Instead, an account does not really exist on the blockchain and instead you have unspent transaction outputs. Imagine it like a check from the bank. You have a check for $50 and you want to send $20 to someone. So, you would go to the bank, give them the $50 check, and then get a $30 check written out to yourself and a $20 check written to the person you want to send to. This is pretty much exactly how Bitcoin works and your "account" or wallet balance is rather the sum of how many outputs (checks) you own and can spend.

This is a big deal for a number of reasons.

1. The UTXO model is what Bitcoin uses, and thus Qtum will be compatible with existing processes and technology built for Bitcoin. This means companies that already use Bitcoin should have no problems or massive process changes to adopt Qtum, unlike Ethereum.
2. The UTXO model has the tried and proven SPV protocol for decentralized mobile and light wallets. There is currently no protocol for decentralized mobile and light wallets in Ethereum
3. The UTXO model has so far been proven to be more scalable for the long term, with it's ability to process transactions in parallel and easy method of trimming spent transactions from client node's copy of the blockchain

I'm sure there's more reasons, but the big thing that important right now about Qtum is that it will unify the Bitcoin and Ethereum communities and technology. Ethereum developers will easily be able to port their code to Qtum and gain all of the advantages of Qtum, while Bitcoin developers will easily be able to switch to Qtum while using familiar technology and begin writing powerful smart contracts on this platform.

Whew ... development and many noticing
Maybe I agree with etherum ...
This will be a great mix and cool
Hopefully qtum responded to etherum sir
Thank you.
and many say the current etherum be altcoin best at each forum. congratulations

Qtum will be able to run any dapps built on top of Ethereum and Bitcoin?

[earlz]

So, what's the big deal with an UTXO-based Smart Contract Platform? Doesn't Ethereum function the same way?

Hi, Ethereum does not function in the same way. Ethereum has an account-based model. So, when you receive and send funds, you have an account with your balance, and you add or subtract from that balance depending on if you're sending of receiving money. Bitcoin on the other hand uses the Unspent Transaction Output (UTXO) model. In Bitcoin you don't receive and send funds directly to an "account". Instead, an account does not really exist on the blockchain and instead you have unspent transaction outputs. Imagine it like a check from the bank. You have a check for $50 and you want to send $20 to someone. So, you would go to the bank, give them the $50 check, and then get a $30 check written out to yourself and a $20 check written to the person you want to send to. This is pretty much exactly how Bitcoin works and your "account" or wallet balance is rather the sum of how many outputs (checks) you own and can spend.

This is a big deal for a number of reasons.

1. The UTXO model is what Bitcoin uses, and thus Qtum will be compatible with existing processes and technology built for Bitcoin. This means companies that already use Bitcoin should have no problems or massive process changes to adopt Qtum, unlike Ethereum.
2. The UTXO model has the tried and proven SPV protocol for decentralized mobile and light wallets. There is currently no protocol for decentralized mobile and light wallets in Ethereum
3. The UTXO model has so far been proven to be more scalable for the long term, with it's ability to process transactions in parallel and easy method of trimming spent transactions from client node's copy of the blockchain

I'm sure there's more reasons, but the big thing that important right now about Qtum is that it will unify the Bitcoin and Ethereum communities and technology. Ethereum developers will easily be able to port their code to Qtum and gain all of the advantages of Qtum, while Bitcoin developers will easily be able to switch to Qtum while using familiar technology and begin writing powerful smart contracts on this platform.

Whew ... development and many noticing
Maybe I agree with etherum ...
This will be a great mix and cool
Hopefully qtum responded to etherum sir
Thank you.
and many say the current etherum be altcoin best at each forum. congratulations

Qtum will be able to run any dapps built on top of Ethereum and Bitcoin?

Yes. There are a few minor things (mostly stuff not used by traditional contracts) that may need to be changed in an Ethereum contract, but our intention is to remain as compatible as possible.

[Altty]

So, what's the big deal with an UTXO-based Smart Contract Platform? Doesn't Ethereum function the same way?

Hi, Ethereum does not function in the same way. Ethereum has an account-based model. So, when you receive and send funds, you have an account with your balance, and you add or subtract from that balance depending on if you're sending of receiving money. Bitcoin on the other hand uses the Unspent Transaction Output (UTXO) model. In Bitcoin you don't receive and send funds directly to an "account". Instead, an account does not really exist on the blockchain and instead you have unspent transaction outputs. Imagine it like a check from the bank. You have a check for $50 and you want to send $20 to someone. So, you would go to the bank, give them the $50 check, and then get a $30 check written out to yourself and a $20 check written to the person you want to send to. This is pretty much exactly how Bitcoin works and your "account" or wallet balance is rather the sum of how many outputs (checks) you own and can spend.

This is a big deal for a number of reasons.

1. The UTXO model is what Bitcoin uses, and thus Qtum will be compatible with existing processes and technology built for Bitcoin. This means companies that already use Bitcoin should have no problems or massive process changes to adopt Qtum, unlike Ethereum.
2. The UTXO model has the tried and proven SPV protocol for decentralized mobile and light wallets. There is currently no protocol for decentralized mobile and light wallets in Ethereum
3. The UTXO model has so far been proven to be more scalable for the long term, with it's ability to process transactions in parallel and easy method of trimming spent transactions from client node's copy of the blockchain

I'm sure there's more reasons, but the big thing that important right now about Qtum is that it will unify the Bitcoin and Ethereum communities and technology. Ethereum developers will easily be able to port their code to Qtum and gain all of the advantages of Qtum, while Bitcoin developers will easily be able to switch to Qtum while using familiar technology and begin writing powerful smart contracts on this platform.

Whew ... development and many noticing
Maybe I agree with etherum ...
This will be a great mix and cool
Hopefully qtum responded to etherum sir
Thank you.
and many say the current etherum be altcoin best at each forum. congratulations

Qtum will be able to run any dapps built on top of Ethereum and Bitcoin?

Yes. There are a few minor things (mostly stuff not used by traditional contracts) that may need to be changed in an Ethereum contract, but our intention is to remain as compatible as possible.

So I could build an Ethereum smart contract dApp and port it to Qtum and not have to deal with all the headaches we have had to deal with the last year with forks, attacks, and everything?

[earlz]

So, what's the big deal with an UTXO-based Smart Contract Platform? Doesn't Ethereum function the same way?

Hi, Ethereum does not function in the same way. Ethereum has an account-based model. So, when you receive and send funds, you have an account with your balance, and you add or subtract from that balance depending on if you're sending of receiving money. Bitcoin on the other hand uses the Unspent Transaction Output (UTXO) model. In Bitcoin you don't receive and send funds directly to an "account". Instead, an account does not really exist on the blockchain and instead you have unspent transaction outputs. Imagine it like a check from the bank. You have a check for $50 and you want to send $20 to someone. So, you would go to the bank, give them the $50 check, and then get a $30 check written out to yourself and a $20 check written to the person you want to send to. This is pretty much exactly how Bitcoin works and your "account" or wallet balance is rather the sum of how many outputs (checks) you own and can spend.

This is a big deal for a number of reasons.

1. The UTXO model is what Bitcoin uses, and thus Qtum will be compatible with existing processes and technology built for Bitcoin. This means companies that already use Bitcoin should have no problems or massive process changes to adopt Qtum, unlike Ethereum.
2. The UTXO model has the tried and proven SPV protocol for decentralized mobile and light wallets. There is currently no protocol for decentralized mobile and light wallets in Ethereum
3. The UTXO model has so far been proven to be more scalable for the long term, with it's ability to process transactions in parallel and easy method of trimming spent transactions from client node's copy of the blockchain

I'm sure there's more reasons, but the big thing that important right now about Qtum is that it will unify the Bitcoin and Ethereum communities and technology. Ethereum developers will easily be able to port their code to Qtum and gain all of the advantages of Qtum, while Bitcoin developers will easily be able to switch to Qtum while using familiar technology and begin writing powerful smart contracts on this platform.

Whew ... development and many noticing
Maybe I agree with etherum ...
This will be a great mix and cool
Hopefully qtum responded to etherum sir
Thank you.
and many say the current etherum be altcoin best at each forum. congratulations

Qtum will be able to run any dapps built on top of Ethereum and Bitcoin?

Yes. There are a few minor things (mostly stuff not used by traditional contracts) that may need to be changed in an Ethereum contract, but our intention is to remain as compatible as possible.

So I could build an Ethereum smart contract dApp and port it to Qtum and not have to deal with all the headaches we have had to deal with the last year with forks, attacks, and everything?

Yes, exactly, as well as interact with your smart contracts using mobile/light wallets through the SPV protocol

[ipanks]

So, what's the big deal with an UTXO-based Smart Contract Platform? Doesn't Ethereum function the same way?

Hi, Ethereum does not function in the same way. Ethereum has an account-based model. So, when you receive and send funds, you have an account with your balance, and you add or subtract from that balance depending on if you're sending of receiving money. Bitcoin on the other hand uses the Unspent Transaction Output (UTXO) model. In Bitcoin you don't receive and send funds directly to an "account". Instead, an account does not really exist on the blockchain and instead you have unspent transaction outputs. Imagine it like a check from the bank. You have a check for $50 and you want to send $20 to someone. So, you would go to the bank, give them the $50 check, and then get a $30 check written out to yourself and a $20 check written to the person you want to send to. This is pretty much exactly how Bitcoin works and your "account" or wallet balance is rather the sum of how many outputs (checks) you own and can spend.

This is a big deal for a number of reasons.

1. The UTXO model is what Bitcoin uses, and thus Qtum will be compatible with existing processes and technology built for Bitcoin. This means companies that already use Bitcoin should have no problems or massive process changes to adopt Qtum, unlike Ethereum.
2. The UTXO model has the tried and proven SPV protocol for decentralized mobile and light wallets. There is currently no protocol for decentralized mobile and light wallets in Ethereum
3. The UTXO model has so far been proven to be more scalable for the long term, with it's ability to process transactions in parallel and easy method of trimming spent transactions from client node's copy of the blockchain

I'm sure there's more reasons, but the big thing that important right now about Qtum is that it will unify the Bitcoin and Ethereum communities and technology. Ethereum developers will easily be able to port their code to Qtum and gain all of the advantages of Qtum, while Bitcoin developers will easily be able to switch to Qtum while using familiar technology and begin writing powerful smart contracts on this platform.

Whew ... development and many noticing
Maybe I agree with etherum ...
This will be a great mix and cool
Hopefully qtum responded to etherum sir
Thank you.
and many say the current etherum be altcoin best at each forum. congratulations

Qtum will be able to run any dapps built on top of Ethereum and Bitcoin?

Yes. There are a few minor things (mostly stuff not used by traditional contracts) that may need to be changed in an Ethereum contract, but our intention is to remain as compatible as possible.

So I could build an Ethereum smart contract dApp and port it to Qtum and not have to deal with all the headaches we have had to deal with the last year with forks, attacks, and everything?

Yes, exactly, as well as interact with your smart contracts using mobile/light wallets through the SPV protocol

i am sorry if my question is out of topic. what we need to build an Ethereum smart contract dApp? and the port is the same as that Qtum use? or we need to open spesific port and connected with Qtum? thank you.

[onrise]

Started liking this project as compared to various other ongoing project at the current moment. This looks to be better managed and welll organized in terms of strategy and execution.

[Drnice]

Looking at the start of Qtum project, if it keeps the good works going supporting businesses and customers want in the crypto currency environment. I will be glad to see Qtum coming out among bitcoin and Eth or even with some more better features to hold a better stand in the crypto market environment.
To the look of Qtum, am expecting a good, better or even best outcome... which is I have a watching eye on you Qtum.

[RavenBitcoins]

For developers to build applications directly on Qtum is there documentation? How would they start?

[andreibi]

So, what's the big deal with an UTXO-based Smart Contract Platform? Doesn't Ethereum function the same way?

Hi, Ethereum does not function in the same way. Ethereum has an account-based model. So, when you receive and send funds, you have an account with your balance, and you add or subtract from that balance depending on if you're sending of receiving money. Bitcoin on the other hand uses the Unspent Transaction Output (UTXO) model. In Bitcoin you don't receive and send funds directly to an "account". Instead, an account does not really exist on the blockchain and instead you have unspent transaction outputs. Imagine it like a check from the bank. You have a check for $50 and you want to send $20 to someone. So, you would go to the bank, give them the $50 check, and then get a $30 check written out to yourself and a $20 check written to the person you want to send to. This is pretty much exactly how Bitcoin works and your "account" or wallet balance is rather the sum of how many outputs (checks) you own and can spend.

This is a big deal for a number of reasons.

1. The UTXO model is what Bitcoin uses, and thus Qtum will be compatible with existing processes and technology built for Bitcoin. This means companies that already use Bitcoin should have no problems or massive process changes to adopt Qtum, unlike Ethereum.
2. The UTXO model has the tried and proven SPV protocol for decentralized mobile and light wallets. There is currently no protocol for decentralized mobile and light wallets in Ethereum
3. The UTXO model has so far been proven to be more scalable for the long term, with it's ability to process transactions in parallel and easy method of trimming spent transactions from client node's copy of the blockchain

I'm sure there's more reasons, but the big thing that important right now about Qtum is that it will unify the Bitcoin and Ethereum communities and technology. Ethereum developers will easily be able to port their code to Qtum and gain all of the advantages of Qtum, while Bitcoin developers will easily be able to switch to Qtum while using familiar technology and begin writing powerful smart contracts on this platform.

Whew ... development and many noticing
Maybe I agree with etherum ...
This will be a great mix and cool
Hopefully qtum responded to etherum sir
Thank you.
and many say the current etherum be altcoin best at each forum. congratulations

Qtum will be able to run any dapps built on top of Ethereum and Bitcoin?

Yes. There are a few minor things (mostly stuff not used by traditional contracts) that may need to be changed in an Ethereum contract, but our intention is to remain as compatible as possible.

So I could build an Ethereum smart contract dApp and port it to Qtum and not have to deal with all the headaches we have had to deal with the last year with forks, attacks, and everything?

Yes, exactly, as well as interact with your smart contracts using mobile/light wallets through the SPV protocol

Well, the main takeaway I get here is that qtum's selling point is compatibility. Looking forward to see more development in this space.

[sabbirshm]

Qtum Getting popular day by day.I am so excited, looking forward to buy decent amount of Qtum and make some good profits.There will be any chance to earn QTUM Tokens by doing bounties? I've seen all the bounties being paid by bitcoins.That's a good thing bounty haunters won't able to dump this coin.

Waiting for more update from Team, Can't wait to buy QTUM 

[bitcoinisbest]

Just realized that this is one of the biggest ICO launch happening and will have a well planned stabilized future if things as planned by them gets executed well and will yield good profits in coming time.

[matsud2]

Qtum Getting popular day by day.I am so excited, looking forward to buy decent amount of Qtum and make some good profits.There will be any chance to earn QTUM Tokens by doing bounties? I've seen all the bounties being paid by bitcoins.That's a good thing bounty haunters won't able to dump this coin.

Waiting for more update from Team, Can't wait to buy QTUM 

Qtum will be great project on 2017, much article write about Qtum and of course will attrack more investor to join, the Qtum development teams doing a good job
all bounty paid by bitcoin that mean we should join ico/ buying Qtum token if we want to get Qtum

[Densitymax]

Just realized that this is one of the biggest ICO launch happening and will have a well planned stabilized future if things as planned by them gets executed well and will yield good profits in coming time.

It has become a tradition every year in March in light come major ICO that are worth to invest in them. Last year was Lisk, this year, Qtum. I think I am not mistaken, and will be something epic

[Victorycoin]

Qtum Getting popular day by day.I am so excited, looking forward to buy decent amount of Qtum and make some good profits.There will be any chance to earn QTUM Tokens by doing bounties? I've seen all the bounties being paid by bitcoins.That's a good thing bounty haunters won't able to dump this coin.

Waiting for more update from Team, Can't wait to buy QTUM 

You do not need a mirror to see what you got in your hands and a good product always speaks for itself! Qtum is showing the similitude of the next thing to happen in the cryptocurrency world, because it aims to improve the best two, so question of dumping the coin is not in the horizon. We should be warming up to grab the early bird advantage and make something good for ourselves from this coin, before money bags swoops on it.

[DISPERADO]

Qtum Getting popular day by day.I am so excited, looking forward to buy decent amount of Qtum and make some good profits.There will be any chance to earn QTUM Tokens by doing bounties? I've seen all the bounties being paid by bitcoins.That's a good thing bounty haunters won't able to dump this coin.

Waiting for more update from Team, Can't wait to buy QTUM 

Qtum will be  more and more popular. From the last projects it has  more powerful team, excellent practices and a good PR company. I hope that we won't lose if we invest in the project.

[Ipwich]

Just realized that this is one of the biggest ICO launch happening and will have a well planned stabilized future if things as planned by them gets executed well and will yield good profits in coming time.

It has become a tradition every year in March in light come major ICO that are worth to invest in them. Last year was Lisk, this year, Qtum. I think I am not mistaken, and will be something epic

It's a good year to make history, with our support we can surpass what lisk and DAO has achieve last year. It was epic right but we are about to make history with another success. Qtum will definitely deliver that to us, let's put our money where our mouth is, invest now or regret later.