Ano ang Qtum? (QTUM)

Ang Beginner's Guide

Qtum (pronounced “quantum”) is a cryptocurrency software that aims to combine different parts of the Bitcoin and Ethereum design models in a bid to entice application developers. 

That’s because, despite some general similarities, Bitcoin and Ethereum diverge in the specifics of how their blockchains operate and how they record and update balances held by users. 

By attempting a design that blends unique aspects of the two networks, Qtum aims to offer an alternative to Ethereum that can compete on programming, while maintaining compatibility with Bitcoin, offering something like a best-of-both-worlds blockchain solution. 

The Qtum team believes this design will entice users seeking to build applications running on a blockchain, the main value proposition of Ethereum, with allowing their creations to transact in a similar way to how Bitcoin does. 

However, users are likely to find Qtum also includes many other aspects of other competing cryptocurrency networks.

The Qtum’s cryptocurrency, QTUM, for example, is used to pay fees to those who help operate the network, and the distribution of newly minted QTUM is based on ownership of the asset. 

QTUM coins also provide voting rights in its on-chain governance system, meaning if you buy QTUM, you can influence the direction of the software’s development. 

Those seeking to stay connected on the status of the Qtum project can follow its official blog

There, project leaders release detailed quarterly updates on the state of their development direction and general financials. 

What is qtum


Sino ang gumawa ng Qtum?

Itinatag noong 2016, Ang Qtum ay inilabas ng Qtum Foundation, isang non-profit na organisasyon na nakabase sa Singapore na siyang bumubuo at nagpapanatili ng software.

Noong 2017, ang Qtum Foundation ay nagsagawa ng initial coin offering (ICO) kung saan nakalikom ito ng 15 milyong dolyar sa pamamagitan ng pagbebenta ng 51% ng 100 milyong yunit ng cryptocurrency ng Qtum, QTUM, na umiiral.  

Ang natitira sa supply ay maaring naipamigay sa mga investor at sa founding team o nailaan para sa business development. Ang Qtum software ay naging live noong Oktubre 2017. 


Paano gumagana ang Qtum?

To achieve its ambitious vision, the Qtum team modified Bitcoin’s code to allow its software users to write Ethereum-like smart contracts applications on top of it. 

Put simply, its base layer copies Bitcoin’s transaction model (UTXO), while an additional layer on top operates in a way akin to Ethereum’s virtual machine (EVM), the element that executes its smart contracts and decentralized programs. 

Like Ethereum, Qtum has built its own virtual machine that allows developers to write and execute programs across its distributed network of computers. 

Account Abstraction Layer

The Account Abstraction Layer (AAL), Qtum’s signature technology, is the element that allows the Qtum blockchain to communicate between these two layers. 

By modifying Bitcoin’s core code with a set of new commands, the AAL makes the creation, execution and handling of smart contracts that operate more like they do on Ethereum possible.

Lastly, the AAL updates the blockchain ledger after it processes smart contract transactions and adds each transaction to new blocks. 

Mutualized Proof-of-Stake

To keep its network in sync, Qtum uses a variation on proof-of-stake (PoS) consensus called mutualized proof-of-stake (MPoS). 

In order for nodes to validate and process transactions, they must stake QTUM in a wallet. In return for validating, processing and recording transactions, these nodes receive a reward in the form of newly minted QTUM along with the transaction fees (paid in QTUM) included in a block.

Each new block reward is divided equally between the block producing nodes and nine previous ones. This reduces the probability of an attack by masking the immediate block reward amount from potential attackers, the project claims. 



Bakit may halaga ang QTUM?

The QTUM cryptocurrency plays a key role in maintaining and operating the Qtum network, and can be used for holding, spending, sending or staking. 

As such, QTUM’s main use case is to pay fees for executing contracts on the Qtum blockchain.

Additionally, by owning and staking QTUM, users gain the ability to vote on network upgrades, with each vote being proportional to the amount of QTUM cryptocurrency they stake. 

While the initial supply of QTUM was 100 million tokens, the protocol allows for new minting of tokens to the tune of 4 QTUM per block. 

Similar to Bitcoin, however, QTUM is scarce, as the number of QTUM released in each block is cut in half roughly every four years to keep the total supply finite. 


Bakit ka gagamit ng QTUM?

Ang Qtum ay maaaring maging maganda para sa mga negosyong naghahanap upang maglunsad ng mga bagong uri ng mga application sa isang blockchain. Sa katunayan, hanggang ngayon, mayroong iba't ibang mga proyekto na nagawa ito. 

Halimbawa, isinama ng Qtum ang software nito sa open developer offerings mula sa Amazon Web Services’ China division at Google Cloud Platform, na binibigyan ang mga user a paikutin at magpatakbo ng mga bersyon ng Qtum software sa mga sandbox na ito.

Tulad ng naturan, maaaring nais ng mga investor na maghanap at magdagdag ng QTUM sa kanilang portfolio kung maniniwala silang ang market balang araw ay papabor sa mga blockchain na umaakit sa mga enterprise use case.


Simulan ang pagbili ng QTUM

Ngayon ay handa ka nang gawin ang susunod na hakbang at bumili ng ilang QTUM!




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