The purpose of Qtum is to make smart contracts easier and secure, while providing interoperability with major cryptocurrencies like Bitcoin and Ethereum. The bitcoin blockchain is the foundation for Qtum’s code.

Qtum developers have abstracted and added further layers to the Bitcoin blockchain, which permits EVM for smart contracts to run on top of the Bitcoin. Thus, Qtum benefits from new developments happening in Bitcoin and Ethereum communities.

Qtum leverages an inflationary model adding about 1 million coins into the circulating supply yearly. The project also features a halvening with the current yield set to reduce by half around December 2021.

The currency in a given economy loses the purchasing power, which means less can be bought with the same amount of money. Inflation typically refers to the increase in the price of goods over some time. Changes in the money supply cause long-term inflation, and the reason for short-term and medium-term inflation is commonly not known. Changes in the price indices are the common way to calculate inflation.

Qtum leverages the inflationary model, which means using Qtum for maximum advantage from the inflationary model.

Qtum blockchain has several attractions like Proof of Stake 3.0. People get rewarded in PoS to stake their coins and they get rewarded for as much time they stake.  With PoS 3.0, it is important for nodes to be online all the time.

Those who have fewer coins, but keep the node online for a long time are likely to get rewarded more than those who have more coins and keep their node online for less time.

Ethereum’s PoS model will impose a minimum balance on wallets, before permitting users to stake.  Many would not be able to afford the 32 ETH minimum. In the QTUM PoS model, wallets with any amount of QTUM will be able to stake.  Thus, staking will be accessible to a wide range of the public.

Bitcoin and Ethereum are the two very successful blockchains in the cryptocurrency space. Being backward compatible it is easy to incorporate the developments in Bitcoin and Ethereum fairly easily.

Meanwhile, Patrick Dai expressed:  More NFT Infrastructure support is on the way.  Wallet and explorer and marketplace for NFTs.

For clarity, It’s dead simple to create NFTs on QTUM “The web wallet can create, send, and receive QRC1155 NFTs. The Create NFT menu option will open the CREATE NFT form”

Community response:  Inflation, deflation, stagflation, doesn’t matter if nobody is using it. Needs rebranding.