Qtum, the decentralized and open-source smart contracts platform and value transfer protocol, launched 1 year ago as the world’s first proof-of-stake smart contract system. This first year for Qtum has been marked by great growth both in the platform and the community of users.
This first anniversary of Qtum comes with several new developments on their platform. Not only that, Qtum has many upcoming projects and project launches to anticipate.
To enhance scalability even more, Qtum has introduced Segrated Witness (Segwit) technology, now enabled by default. Segwit has been hyped as the long-awaited answer to blockchain scalability limitations, and its presence enables lightning networks through faster synchronization, lower overall CPU usage, privacy-centric HD wallets, and human language-friendly addresses.
Furthermore, the x86 virtual machine, a smart contract platform supporting mainstream programming languages such as Python and C/C++. Qtum has developed a robust x86 smart contract roadmap in order to track and manage product development, and to keep stakeholders well informed of both current progress on the x86 platform and future state.
QtumX is another thrilling announcement from the development team. This enterprise version uses Proof-of-Authority (POA) in order to enhance the user experience (UX) via rapid exchange rates and more effective network safety.
While spending their first year in public existence strongly focused on both internal and external research and development, Qtum has also allotted resources toward community education, networking, and testing. They are currently wrapping up a Global Hackathon, which has attracted over 1,000 registrants. Workshops in Singapore, Hong Kong, and Denmark drew hundreds of developers eager to learn more about the Qtum blockchain concept.