The key benefit of using the #Qtum blockchain is its complete #decentralization. This implies that anyone can participate in the validation process by simply keeping their wallet online, without having to buy any Qtum tokens.

Since 2016, the #Qtum development team has actively implemented and executed over 40 software updates, including multiple hard forks, to consistently improve the core platform and enhance its functionalities. #blockchain

Qtum's layer1 chain can handle up to 1100 transactions per second. Using layer2 or layer3 solutions, such as Lightning or Lumoz, can increase transaction capacity to "millions to billions" on the Qtum network. #Qtum #blockchain

22/23 Komodo Wallet Contests on X 🪙🎁 We ran four co-marketing campaigns with projects listed on Komodo Wallet. Thanks to @ElectraProtocol , @Navcoin , @_PIVX , and @qtum . We ran two additional campaigns, one for Bitcoin Pizza Day and one for the 2023 holiday season.

The #AAL addresses gas fee refunds in the #UTXO model by adding outputs to the coinbase transaction to credit transaction senders with gas refunds. #Qtum

With a high level of abstraction, the #AAL simplifies development and expands accessibility to a wider audience. Additionally, it enhances security by isolating private keys from the #UTXO model, ensuring more secure transaction processing. #Qtum

The #AAL is an innovative technology that enables interoperability between the two models, providing users and developers with the benefits of both worlds. #Qtum

The Account Abstraction Layer (#AAL) is an essential component of the #Qtum blockchain, bridging the gap between the Unspent Transaction Output (#UTXO) model and the Accounts model.

#QtumJS wallet uses the Qtum API to retrieve information from the #Qtum Network for custom wallet creation.

#QtumJS is a Javascript library for smart contract development. It helps developers create applications that interact with smart contracts. Developers can also build directly to the Qtum RPC with frameworks such as react or angular.

#QTUM Remix is an in-browser IDE used for creating Solidity-compatible smart contracts on Qtum. Using Qtum Remix and #Janus provides developers with all the necessary tools to complete their projects efficiently on the Qtum testnet or mainnet.

#Janus is a tool that allows developers to access an Ethereum-compatible environment on #Qtum. It saves time when developing smart contracts and is compatible with GO. This is useful for #EVM-based smart contracts, such as defi and #NFT apps.

#Qtum offers essential tools for developing projects on its platform and invites developers to test their work on the network. Resources and full-time technical support are available in the Qtum Discord channel under the Developers tab. ☝️

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#Scalability, #security, and #decentralization are a challenge to achieve at the same time. Foundational improvements are made in Layer 1, while Layer 2 provides flexibility without compromising security and decentralization. ☝️

#Qtum balances #decentralization and speed without compromising the egalitarian nature of its design, offering a unique solution to the decentralization vs. speed debate.

Build on Qtum and see what #blockchaintechnology is all about. Bringing your code to #Qtum has many advantages: 🔹Low gas cost Speed — average 32-second block intervals 🔹Based on Bitcoin’s UTXO model 🔹EVM (Ethereum Virtual Machine) smart contract compatibility 🔹Energy…

Merry Christmas and Happy Holidays from the #Qtum Team! Hope you have a wonderful day. ✨ #Christmas #HappyHolidays

#Blockchain forks allow networks to adapt and evolve in response to technological advancements and community-driven changes, shaping the landscape of #blockchaintechnology.

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The #Qtum dev team shares updates on #GitHub. These updates mainly involve merging the #BitcoinCore and #Ethereum Virtual Machine updates into the Qtum Core. After the merge, the community can either choose to accept or reject these updates.

#Forks play a significant role in the growth and #development of digital currencies. As the industry becomes more diverse, forks will continue to be important for creating and improving these #currencies.

Cloning involves copying an existing crypto's codebase and making changes to create a new blockchain, resulting in alternative coins. Charlie Lee created #Litecoin by modifying #Bitcoin's codebase with a new hashing algorithm called "Scrypt", resulting in a faster currency.

#Qtum features that are vital for effective #blockchain operations. Part 2! 🔹 The DGP (Decentralized Governance Protocol) System offers robust on-chain governance for stakeholder participation. 🔹 In addition, multiple versions of the Qtum Blockchain are available across…

#HardForks are updates that are not compatible with previous versions and are more significant than soft forks. Once a hard fork occurs, the changes made cannot be undone, and all users must adopt the new protocol.

#SoftForks are updates that are minor and are compatible with previous rules. They do not make the previous rules obsolete and only require immediate updates from some users. Soft forks are typically used for implementing non-critical changes, such as optimizations or bug fixes.

#Qtum has various features that are vital for effective #blockchain operations. Part 1. 🔹 The #AAL (Account Abstraction Layer) is a crucial integration that combines UTXO and the smart contract Account model. 🔹The #PoS (Proof-of-Stake) Consensus ensures seamless…

Qtum is compatible with All Bitcoin updates and ETH updates. You can have all the UTXO advantages in Qtum and same time have EVM programmability.

Qtum support 2 kinds of inscriptions, 1 The UTXO one 2 the EVM one. The EVM inscriptions on Qtum is coming soon.

Intentional #hardforks involve changing the rules of a cryptocurrency's protocol, which can result in the creation of a new #cryptocurrency. The success of such forks depends on the amount of support they receive from the community. #blockchain #qtum

#AccidentalForks can occur when two miners discover a block simultaneously. This creates two temporary blockchains, which are quickly resolved as more blocks are added to one of the chains, making it longer than the other. The shorter chain's blocks are discarded, ensuring the…

#ChainForks, whether accidental or intentional, play a vital role in the evolution of #blockchains. They help resolve disputes, introduce new features, and shape digital currencies. ☝️

#HardForks are a major update type that renders earlier software versions incompatible. Once these changes are implemented, they cannot be reversed. As a result, all users must switch to the new protocol. If users fail to comply, a split occurs, resulting in two #blockchains.

The #blockchain is a decentralized technology that relies on protocol rules to maintain its integrity. However, what happens when these rules are disputed? This is where #BlockchainForks explores accidental splits, intentional protocol changes, and the evolution of…

#BlockchainForks can be broadly divided into two main categories: Accidental Forks and Intentional Forks. Thus, Intentional Forks can be categorized as Soft Forks and Hard Forks. ☝️ #qtum

When rules are not followed uniformly, it can lead to a chain split where different #blockchains run on different network parts. ☝️ #Qtum

Decentralized networks rely on #blockchain protocols to govern them. Consensus is necessary to ensure uniformity in rule-following for the integrity of the blockchain. Maintaining historical accuracy is crucial to the blockchain's success. #Qtum

Stay in the loop and involved by joining our Qtum Community X (Twitter) Channel. Your participation drives our innovation. ☝️ /i/communities/1723206179088973836 #Qtum #Blockchain

📢 Read our weekly blog entry! Discover the innovative world of #BitcoinOrdinals and how they differ from traditional NFTs. Gain valuable insights you won't want to miss! 🔗 Read the article here:

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#Ordinals #NFTs

#Qtum is the perfect solution for achieving #scalability while maintaining #decentralization and speed without compromise. ☝️

In simple terms, a #network that prioritizes security and #decentralization must sacrifice scalability, while a network that prioritizes scalability and security must sacrifice decentralization. Here are three major issues of having to deal with low scalability. #Qtum

#Qtum's combination of features, including ordinals, #NFT support, offline staking, and compatibility with major #blockchain protocols, positions it as a versatile and scalable blockchain platform focusing on security and decentralization.

Inscribing data onto #Satoshis is technically complex, setting #Ordinals apart from the more mature creation and trading processes of traditional #NFTs on platforms like #Ethereum.

#BitcoinOrdinals has introduced a new method of inscribing unique art and collectibles directly onto the Bitcoin blockchain. This eliminates the need for separate token minting. #NFTs rely on #Ethereum's ERC-721 standard to establish ownership and authenticity. However, there…

A key feature of #Bitcoin #Ordinals is their on-chain presence, providing greater immutability and security than traditional #NFTs use off-chain storage.

Technologies like #Ordinals are expected to significantly shape the digital art and collectibles market. While sharing the basic principle of digital asset tokenization, Ordinals, and traditional #NFTs differ in technical implementation, #blockchain impact, and market perception.

#Ordinals on the #Bitcoin network may have different cost implications compared to traditional #NFTs, especially considering Bitcoin's PoW. #Ordinals on #Qtum, utilizing PoS, would not incur higher energy costs, providing a suitable use case for this novel approach.

#Ordinals' uniqueness is tied to specific #Satoshis on the #Bitcoin blockchain, with rarity determined by the number or content they hold. Traditional #NFTs determine rarity based on artwork attributes or token supply scarcity.

#Ordinals are anticipated to bring notable changes to the market, potentially reshaping the landscape and creating new avenues for digital asset creation and ownership as the industry evolves. #QtumOrdinals #Blockchain

#Ordinals assign unique identities to each #Satoshi, the smallest unit of #Bitcoin, ensuring each is a distinct and non-fungible entity. Lightweight metadata is permanently embedded in Satoshis through the inscription process.

#NFTs, represented by the ERC-721 standard on #Ethereum, prove ownership and authenticity of unique digital assets. NFTs often rely on off-chain storage, leading to concerns about asset reliability, permanence, ownership, and longevity.

Special thanks to @binance , @CoinWOfficial , @gate_io , and others for supporting our hard fork at block height 3,385,122. ✨ #QtumHardFork #Qtum