Altcoins News

Story: Qtum Running Smart Contracts on Multiple Virtual Machines with PoS Consensus

By Maheen Hernandez

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Qtum DeFi Projects and Others

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Qtum claim to be the most up-to-date fork of Bitcoin.  The blockchain provides added benefits like smart contracts and staking.

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The significant updates for January 2021 is out, and they are continuing to work towards completing the 2021 Roadmap.

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Qtum started off the year with reassessing plans.  They have been working on the roadmap and some cool announcements and they have been deciding about the Roadmap for 2021.

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For clarity, QiSwap is a 3rd party decentralized exchange which is building on the Qtum blockchain and they are doing this to cater to the DeFi applications’ needs.

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The QiSwap originated from the Uniswap smart contracts.  It is reconfigured to work particularly for Qtum, which brings benefits to the DEX.

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As the QiSwap is running on Qtum, swapping tokens on QiSwap is getting to be easy, fast, and inexpensive. QiSwap’s DEX facilitates low fees, with fast, and secured transactions.

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Thus, QiSwap eases the process of creating and listing their own QRC20 token with an easy to use interface.

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Also, Jordan Earls, Qtum Co-Founder wrote a blog about the possible success or failure of a new platform that is in to production for the first time.

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The Decentralized Finance Incentive Program from Qtum focuses on permitting developers to develop or bridge DeFi projects in the Qtum blockchain using the Ethereum Virtual…

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Development on Neutron and Phantom protocols will continue in 2021.  Also, the developers at Qtum didn't just want to speed up blocks, they wanted to make staking even easier.

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In summary, one of the users stated, if you take Qtum as a smart contract platform, it can do everything Ethereum can do and lower gas fee and higher TPS.

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Feel free to Donate some Qtum ($Qtum) tip if you like this article 🙂

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Address: QVVnCXfggFatp2SUA7oTbb5ao6uoMBDtKG

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Thank you and don’t forget to share it everywhere..

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