May 2024 Qtum Updates: Check out Qtum's latest updates, feat | Qtum Network on Binance Square

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May 2024 Qtum Updates: Check out Qtum's latest updates, featuring Bridged USDC development, Testnet Faucet enhancements, the Qurate 2 Earn meme contest using Qtum AI, and more. https://t.co/2LyIEynVCi #Qtum

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🚀Our latest Development & Community Update is out! https://www.qtum.org/news/august-2024-dev-com-updates 🔹 Qtum Core 26.1 & 27.1 in progress 🔹 New AI tools 🔹 Metamask Snap & @circle “Bridged USDC Standard” testnet deployment 🔹 Audits: @MetaMask Snap, Dapp & Bridge finished 🌐 Community testing soon🌐

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We chose a MetaMask Snap to work with @circle "Bridged USDC Standard" USDC bridge in order to bring a familiar user experience for DeFi veterans. Read more here: https://www.qtum.org/news/the-qtum-metamask-snap-is-coming @Consensys

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To prepare for our upcoming Qtum bridge, we've developed a MetaMask Snap. Now that it has been audited by an approved company, we've submitted it for approval to Consensys. We're aiming to get our "Snap" listed on the MetaMask Snap directory: https://snaps.metamask.io/

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We discovered a User Interface issue with the Qtum MetaMask Snap implementation where the wallet was asking for a Qtum address and would only accept Hex addresses and not Base58. We decided to make a quick fix to this and get that portion of the wallet re-audited by Sayfer. Because Qtum is based on Bitcoin Core, the addresses are displayed as Base58. The EVM implementation on Qtum obviously is based on Ethereum, so it uses Hexadecimal format, and we have an interpretation layer in the middle called the "Account Abstraction Layer" that does the address conversions for the end user. This could have been confusing for users trying to bridge USDC to Qtum and back. We developed a MetaMask Snap so users will have a familiar interface while using the Qtum Bridge to transfer USDC from Ethereum to Qtum and back. With the audit finished, we can now submit our code to Consensys to apply for a listing in "Snaps Directory". It's only possible to apply if the code has been audited by an approved entity, which is why we went with Sayfer. This is the last step before we start rolling out a testnet implementation of the bridge. We're already planning to do a fun community event that asks users to transfer as much testnet Qtum and Sepolia USDC back and forth to test the stability and speed of the product. Here's a link to the wallet audit:

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Read the Qtum Development and Community Updates from July here: https://t.co/3p1erJAHrk "July brought some nice developments on the audit front. With the bridge and MetaMask wallet audits finished, we can focus on the rollout phase of the bridge. We’re deploying this to bring the Circle USDC stablecoin to Qtum to stimulate Web3 activity and DeFi"

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