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Author Topic: [ANN] (QTUM) - A Scalable Smart Contract Platform w/ Proof of Stake  (Read 523803 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (5 posts by 2 users deleted.)
pixie85
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January 21, 2017, 09:10:20 PM
 #541

A very nice looking project with a lot of investors, I'll be watching this thread.


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January 21, 2017, 09:46:18 PM
 #542

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

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January 21, 2017, 10:07:02 PM
 #543

I will read the white paper to understand the new UTXO evolution  Grin
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January 21, 2017, 10:40:53 PM
 #544

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.

Check out my full list of Coin Reviews
Currently working on the Qtum Project
My Skype account earlzdotnet has been compromised. Please report to me any usage seen from it, or from the email earlz@earlz.biz.tm
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January 21, 2017, 11:02:51 PM
 #545

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


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January 21, 2017, 11:26:44 PM
 #546

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

.#1 DeFi for Bitcoin Platform.            ███   ███
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Altty
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January 21, 2017, 11:34:25 PM
 #547

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
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mmmmmm


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January 22, 2017, 12:11:19 AM
 #548

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.

Check out my full list of Coin Reviews
Currently working on the Qtum Project
My Skype account earlzdotnet has been compromised. Please report to me any usage seen from it, or from the email earlz@earlz.biz.tm
Altty
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January 22, 2017, 12:16:46 AM
 #549

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
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mmmmmm


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January 22, 2017, 12:40:20 AM
 #550

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

Check out my full list of Coin Reviews
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January 22, 2017, 04:28:00 AM
 #551

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.





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January 22, 2017, 06:36:26 AM
Last edit: January 22, 2017, 11:10:13 AM by onrise
 #552

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.

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Drnice
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January 22, 2017, 07:21:05 AM
 #553

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.

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January 22, 2017, 07:29:38 AM
 #554

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

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January 22, 2017, 08:58:25 AM
 #555

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.

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January 22, 2017, 10:22:23 AM
 #556

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  Cool
bitcoinisbest
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January 22, 2017, 10:51:28 AM
 #557

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.
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January 22, 2017, 11:01:47 AM
 #558

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  Cool

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
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January 22, 2017, 11:21:20 AM
 #559

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 Wink

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January 22, 2017, 12:39:13 PM
 #560

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  Cool
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.


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