Brief Overview for Crypto EnthusiastsQointum 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.
OverviewQointum 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
