Qtum: Community Confidence
$QTUM is a decentralized smart contract blockchain based on Bitcoin Core that uses a Proof-of-Stake consensus mechanism.
Through the use of a middleware adapter called the “Account Abstraction Layer,” Qtum is able to host the latest version of the Ethereum Virtual Machine on top of our clone of Bitcoin Core.
Qtum is also able to adjust the cost of gas and block size without requiring a hard fork. This allows Qtum to remain inexpensive during times of high usage.
Qtum’s throughput, or transactions per second, can be anywhere from 1100 on the layer1 chain or “millions to billions” if using a layer2 solution similar to Lightning or using layer3 like Opside, building on Qtum.
Since 2016, the Qtum development team has worked on improving the core platform. To date, there have been over 40 software updates, including multiple hard forks.
Qtum is a fork of Bitcoin, which allows us to keep upstream with the latest “Bitcoin Improvement Proposals” without having to reinvent the wheel each time we want to have comparable functionality.
The main advantage of the Qtum blockchain is the fact that it’s completely decentralized. This means that anyone who wants to participate in the validation process can do so only by leaving his or her wallet online.
More: https://coinmarketcap.com/community/post/331736421
