Blockchain network Qtum yesterday signaled a long-awaited gear change in its ambitious growth plan — to the delight of its community members. Qtum, the first successful UTXO with smart contracts and proof of stake blockchain, revealed its revamped website that highlights their fast-growing network of around 7,000 POS full nodes across the world. Only Bitcoin (13,000) and Ethereum (20,000) have more.
The website release, the first phase of Qtum’s new growth drive, comes after the Qtum team took a step back at the end of 2017 due in part to uncertainty surrounding the regulatory environment in China. Qtum’s clear intention to cement its position alongside Bitcoin and Ethereum as the most decentralized and secure blockchains — will be well-received by community members, who have long called for stronger outreach.
As the number of Qtum nodes increases, the security, stability and response speed of Qtum’s blockchain will increase, boosting its appeal to enterprises, providing underlying support for more Dapps in the future, and expanding the Qtum ecosystem.
Qtum also recently announced the x86VM, a Virtual Machine bolted on top of the Qtum blockchain that will allow for more efficient, flexible, secure and faster Dapps. The release gives greater flexibility to developers, who are no longer limited to the Solidity programming language (as is the case with Ethereum), but can instead code in a range of languages with a longer history – C, C++, and Rust, to name a few.
“We’ve been focusing on building the very best technology this year. But we realize we have not put enough effort into marketing and community management recently. We are working on this and will push Qtum once again to massive adoption.”
Qtum’s proof-of-stake blockchain is an alternative to the huge energy expenditure involved in traditional proof-of-work systems. This advantage and its growing network are expected to be the focus of Qtum going forward.