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Topic: [ANN] (QTUM) - A Scalable Smart Contract Platform w/ Proof of Stake - page 111. (Read 525459 times)

sr. member
Activity: 722
Merit: 259
Please remember there are a lot of phishing attempts in going around lately. Lately, some attempts have claimed there will be a "Second Round Qtum Crowdsale" along with an Ethereum address. Please report any activity like this to [email protected] along with a copy of the phishing attempt.

There will never be a 'Second Round' Qtum Crowdsale. Qtum staff will never ask for money.
sr. member
Activity: 722
Merit: 259
has Qtum always been PoS?



Yes, as we add more test networks, the staking functionality of our system will grow in features. We'll have more information about this soon. We may end up with as many as 3 test networks by the end of the year.


also what do they mean when you can run the EVM on their platform? Will I be able to execute etheruem smart contracts on the Qtum blockchain?


Currently we offer the Ethereum Virtual Machine (EVM) as one of the Smart Contract platforms we will use. This means that existing Ethereum Smart Contracts can port their code with minimal effort to the Qtum Blockchain. This does not mean that Qtum and Ethereum Smart Contracts can communicate with each other, they are separate blockchains. Unless there is a bridge-style middleware application that can act as a third party.

Moving forward, we are looking at other Smart Contract languages to implement, and we are planning to create our own.


How will ERC20 QTUM token holders swap their token when the mainnet goes online? Will there be a need for a swap?


There will be need for a swap, right now Qtum is an ERC20 asset that will need to be converted to main network tokens in September. The official exchanges that we worked with during the crowdsale will swap any Qtum ERC20 tokens to main network if they are left on those platforms. We will have to create a provably 'burnable' swap contract that will exchange ERC20 tokens for Qtum Main Network, but this work hasn't started yet.
full member
Activity: 166
Merit: 100
How will ERC20 QTUM token holders swap their token when the mainnet goes online? Will there be a need for a swap?
full member
Activity: 166
Merit: 100
also what do they mean when you can run the EVM on their platform? Will I be able to execute etheruem smart contracts on the Qtum blockchain?
full member
Activity: 166
Merit: 100
has Qtum always been PoS?
member
Activity: 100
Merit: 10
Hey guys.

I am having some problems with bizhongchou.com.
I followed the guide few weeks ago and successfully transferred some test funds from the site to MyEtherWallet. Now I want to transfer all of it(the feeling of having it on MEW is way more safe than having it on some Chinese website), but can't.
Steps I followed(just like the first time):

1. logged in
2. https://bizhongchou.com/account-money_carry_bank.html
3. clicked on 提现(withdraw) under 众筹项目资产地址:(QTUM address)
4. there it says 请先完成实名认证高级认证
请点击此处直接 [返回] 或者等待三秒钟后自动跳转。 which translates to:
"Please complete the real-name authentication advanced certification
Please click here to go back directly or wait three seconds after the automatic jump."
6. I already provided my name, address, passport number etc.. Account is verified at 50%. After that 4. step it redirects me to https://bizhongchou.com/settings-security.html. The only thing in red there is Chinese phone number(未绑定), which I don't have. Is that the problem? Why wasn't that requirement there the last time?

In short, what can I do? Will there be english version of the site?

Thank you all!

Worked fine for me when I transfered them out earlier this week. Try and updating the phone number to your own number to start with, after that contact the bizhongchou support team.
newbie
Activity: 4
Merit: 0
Hey guys.

I am having some problems with bizhongchou.com.
I followed the guide few weeks ago and successfully transferred some test funds from the site to MyEtherWallet. Now I want to transfer all of it(the feeling of having it on MEW is way more safe than having it on some Chinese website), but can't.
Steps I followed(just like the first time):

1. logged in
2. https://bizhongchou.com/account-money_carry_bank.html
3. clicked on 提现(withdraw) under 众筹项目资产地址:(QTUM address)
4. there it says 请先完成实名认证高级认证
请点击此处直接 [返回] 或者等待三秒钟后自动跳转。 which translates to:
"Please complete the real-name authentication advanced certification
Please click here to go back directly or wait three seconds after the automatic jump."
6. I already provided my name, address, passport number etc.. Account is verified at 50%. After that 4. step it redirects me to https://bizhongchou.com/settings-security.html. The only thing in red there is Chinese phone number(未绑定), which I don't have. Is that the problem? Why wasn't that requirement there the last time?

In short, what can I do? Will there be english version of the site?

Thank you all!
sr. member
Activity: 722
Merit: 259
Press Update:



Technode writes about Qtum in their latest article on Blockchain technology



“Blockchain in China is hot these days. Currently, 7 companies are building a business on top of Qtum,”












In a country of centralized authority, a decentralized database is booming. In China, the trend is now building a new business model on top of the blockchain. Blockchain technology is a chain of blocks that each contains data, acting as a way to record what time the data was inserted into it. The cool thing about blockchain is that it’s decentralized, which allows for transactions to occur between parties without the need for a 3rd-party to establish trust.

In the global blockchain landscape, we are now seeing a Ukrainian blockchain-based Wifi router, energy projects in Eastern Europe, decentralized computing, storage, and VPN networks. In China, Qtum (pronounced Quantum) is now becoming a toolset and a platform for companies to build their business on top of the blockchain.

“Now you can build any business on top of the blockchain without intermediary costs and without friction.” Patrick Dai, co-founder and CEO of Qtum (量子链 in Chinese, meaning quantum chain) told TechNode.

The Shanghai-based blockchain company has their own cryptocurrency called Qtum, which now ranks in the top 20 on CryptoCurrencies Market Capitalization index and provides a blockchain application platform to execute “smart contracts” with a proof-of-stake consensus mechanism. This means that people can facilitate, execute and enforce the negotiation or performance of an agreement, such as a contract, using blockchain technology. The advantage of the Qtum is that it utilizes the core technology from both Bitcoin and Ethereum.

“Blockchain in China is hot these days. Currently, 7 companies are building a business on top of Qtum,” Patrick says.

These seven companies include a Singapore-based blockchain company that announced their first Initial Coin Offering (ICO) on top of Qtum. Energo, uses blockchain technology and smart meters to connect energy producers and consumers in microgrids with traditional electricity users to achieve point-to-point energy trading and energy supply. Other projects building on top of Qtum include Bodhi, a decentralized prediction market, and Vevue, a platform for monetizing digital content.

“Many of these blockchain companies are registered in Singapore, but they are focusing on the Chinese market,” John Scianna, Marketing Director at Qtum told TechNode.

Blockchain trends in China


The Chinese government is also showing positive reactions to this trend of blockchain development, pushing forward the development of blockchain in the coming three years, as blockchain is mentioned in China’s five-year plan (2016-2020) as one of the most promising technologies. The People’s Bank of China (PBoC) is doing research on blockchain technology and completed a successful trial run of self-developed digital currency that uses a limited implementation of blockchain technology.

Patrick also mentioned that authorities will seek to clarify regulations for blockchain projects this year and provide some guidance to help develop the industry.

“The regulation will come for sure and it’s good for the industry. Without regulation, it’s the wild west and it’s not good for the people and for their security,” Patrick said. “It’s a new way for people to collaborate and to build a reward structure to change the idea of VCs and crowdfunding.”

Qtum, as a platform provider for “smart contracts”, is at an early stage to get more adoption in the main society, and Patrick mentioned that the team will slowly build up trust on their blockchain platform.

“We are building trust, not by people, but by blockchain in a decentralized way,” Patrick remarked. “If the blockchain-based smart contracts become popular, the government will make smart contracts legally binding later on.”

Qtum from a consumer product perspective


Patrick Dai, CEO of Qtum was chosen as one of Forbes magazine’s “30 Under 30“, 300 people in Greater China under the age of 30. Forbes China recognized him for his accomplishments in the category of consumer technology. Is blockchain really considered to be a consumer technology? Patrick sees that a consumer product depends on the matter of trust.

“If you see P2P technology as a business model, you aren’t relying on the middleman. Using blockchain, you don’t need escrow, because blockchain is the escrow. The blockchain is offering trust on top of it,” Patrick explains.

An escrow service is someone that holds users’ money when users make a deal to assure their promise. So the blockchain technology can replace the people who do this service. For example, using blockchain, people can make a blockchain-powered application as a counterparty and automate this on blockchain through their computer.

“Each smart contract is a virtual escrow, and this lowers the cost for both parties. The blockchain smart contract program doesn’t sleep,” he said. “You can create 1,000 virtual small escrows this way. It’s like people because they perform the same service.”

Patrick gave an example: China’s biggest real estate company Lianjia has 10,000 people in charge of contract signature and approval, repeating the same process every day for apartment owners, renters, and buyers.

“You don’t need those people. All you need to do is to sign the contract directly, and it’s effective immediately. You can trust each other,” he says. “Blockchain will become the basic architecture and infrastructure like TC/IP protocol. Just like you have a browser as a gateway to the internet, you need a gateway to the blockchain. Qtum is this gateway. Blockchain is the value, like a piece of the house or like a dollar.”

Because of the blockchain, current business models will change, new business models will emerge, and some people will lose their jobs. Patrick says, in some ways, it improves the society.

“Those people who lost their jobs because of changing business models can do other stuff, and it could increase the efficiency of whole society. You don’t need to waste human capital on repetitive tasks,” Patrick said.





legendary
Activity: 2412
Merit: 1044
The truth will set you guys free. Simply realize he didn't work for that money, maybe he can offer to help support us with much needed PR. If he sees what he did wrong he can repent for it. But denying it means he learned nothing and will repeat those mistakes here. It doesn't matter how high Patrick pumps this, it will eventually get him in serious trouble. Other than the fact that he must face himself in the mirror every day... that must be painful. No amount of money in the world would make me wanna be this guy. It doesn't matter what you code either. The same reason I don't invest in ETH is the same reason I don't invest here. It would betray my belief of not rewarding thieves. Although ETH is much better than this on that front. Earlz by working here you are enriching a thief. Steven at some point you owe me and the investors a pretty big apology. Is this wishful thinking?
legendary
Activity: 2412
Merit: 1044
newbie
Activity: 43
Merit: 0

Changes made through this past week to the core wallet:

Bugs fixed:

[Consensus/DGP] Various bug fixes to the DGP implementation

Work completed:
[EVM/RPC] Added getTransactionReciept RPC call which is similar to Ethereum's implementation
[Tests/DGP] Added proposal expiration tests to DGP
[Tests] Run Qtum QA tests by default when using pull-tester.py
[Tests] Continuing to fix test bugs that were broken when adding standard transaction rules and version number enforcement


In-progress work and soon to be fixed bugs:
[MPoS/Consensus] Final testing and bug fixing in MPoS is nearly complete
[DGP/Consensus] Final testing and bug fixing for DGP is nearly complete
[/size]



thanks for the great updates!

but where is Gleb? Grin



Gleb is currently on vacation on the other side of the Colorado River. He is role-playing as a dog in a pink tutu, and with a woman (5/10 on the beauty scale) holding him on a leash.
hero member
Activity: 669
Merit: 500
full member
Activity: 414
Merit: 101
Qtum's weekly update is available on our Medium blog:



https://medium.com/@Qtum/qtum-weekly-updates-week-of-july-31-8c64b020166d





Community Updates





Forbes 30 Under 30

Patrick, Qtum’s co-founder, was recently selected to be on Forbes China’s selective 30 under 30 list. Patrick received the award for his notable work in consumer technology. The honor was given to those “who are challenging conventions and making an impact on the world.” Patrick is definitely challenging the traditional ways of thinking, and we our proud he is a part of our team.









Houston Bitcoin Meetup


Brett presented Qtum to members of Houston’s Bitcoin Meetup, this past week. Brett highlighted Qtum’s Account Abstraction Layer (AAL), our Decentralized Governance Protocol (DGP), and our EVM integration on the UTXO model. Two people in the audience were interested in starting their own blockchain-based project, and they asked questions about how Qtum got its foundational support.






Inkchain Event in Xi’an

This past week, Xiaolong “Stephen” Xu, Qtum core developer, spoke on a panel discussion at an Inkchain event in Xi’an. The discussion was framed around intellectual property and copyright infringement and how blockchain technology could help revolutionize the industry. Xiaolong noted that with blockchain technology, tracking payments for IP and verifying rights could be significantly improved.







In Other News…

Congrats to our team member and developer, Baiqiang Dong, for becoming a World Record holder in cubing! Baiqiang got the record for 3x3x3 fewest moves this past weekend at the China Championship in Xi’an.








Development Updates


Changes made through this past week to the core wallet:

Bugs fixed:

[Consensus/DGP] Various bug fixes to the DGP implementation

Work completed:
[EVM/RPC] Added getTransactionReciept RPC call which is similar to Ethereum's implementation
[Tests/DGP] Added proposal expiration tests to DGP
[Tests] Run Qtum QA tests by default when using pull-tester.py
[Tests] Continuing to fix test bugs that were broken when adding standard transaction rules and version number enforcement


In-progress work and soon to be fixed bugs:
[MPoS/Consensus] Final testing and bug fixing in MPoS is nearly complete
[DGP/Consensus] Final testing and bug fixing for DGP is nearly complete




thanks for the great updates!

but where is Gleb? Grin

sr. member
Activity: 722
Merit: 259
Qtum node map if anyone is interested:




sr. member
Activity: 722
Merit: 259
I just don't see how this coin is valued so high? It seems like another me-to contract based project like the millions of other ones. Very overvalued and overhyped.

There are a lot of projects building on this platform, before the Main Network has been released. One of them just completed an ICO. It has a lot to do with the mobile Smart Contract functionality.

It's hard to judge a project based on how much hype they generate, you need to look at the underlying technology.

We haven't promoted the projects building on Qtum, but you will see over the next few months a lot more on the way.

Can you give an example of this project being overhyped?
full member
Activity: 245
Merit: 101
I just don't see how this coin is valued so high? It seems like another me-to contract based project like the millions of other ones. Very overvalued and overhyped.
sr. member
Activity: 722
Merit: 259
Qtum's weekly update is available on our Medium blog:



https://medium.com/@Qtum/qtum-weekly-updates-week-of-july-31-8c64b020166d





Community Updates





Forbes 30 Under 30

Patrick, Qtum’s co-founder, was recently selected to be on Forbes China’s selective 30 under 30 list. Patrick received the award for his notable work in consumer technology. The honor was given to those “who are challenging conventions and making an impact on the world.” Patrick is definitely challenging the traditional ways of thinking, and we our proud he is a part of our team.









Houston Bitcoin Meetup


Brett presented Qtum to members of Houston’s Bitcoin Meetup, this past week. Brett highlighted Qtum’s Account Abstraction Layer (AAL), our Decentralized Governance Protocol (DGP), and our EVM integration on the UTXO model. Two people in the audience were interested in starting their own blockchain-based project, and they asked questions about how Qtum got its foundational support.






Inkchain Event in Xi’an

This past week, Xiaolong “Stephen” Xu, Qtum core developer, spoke on a panel discussion at an Inkchain event in Xi’an. The discussion was framed around intellectual property and copyright infringement and how blockchain technology could help revolutionize the industry. Xiaolong noted that with blockchain technology, tracking payments for IP and verifying rights could be significantly improved.







In Other News…

Congrats to our team member and developer, Baiqiang Dong, for becoming a World Record holder in cubing! Baiqiang got the record for 3x3x3 fewest moves this past weekend at the China Championship in Xi’an.








Development Updates


Changes made through this past week to the core wallet:

Bugs fixed:

[Consensus/DGP] Various bug fixes to the DGP implementation

Work completed:
[EVM/RPC] Added getTransactionReciept RPC call which is similar to Ethereum's implementation
[Tests/DGP] Added proposal expiration tests to DGP
[Tests] Run Qtum QA tests by default when using pull-tester.py
[Tests] Continuing to fix test bugs that were broken when adding standard transaction rules and version number enforcement


In-progress work and soon to be fixed bugs:
[MPoS/Consensus] Final testing and bug fixing in MPoS is nearly complete
[DGP/Consensus] Final testing and bug fixing for DGP is nearly complete


hero member
Activity: 1274
Merit: 513
one of the best project in 2017!
Qtum is  of my favorite project in 2017 because when I invest to this project when they started and as of now I earned profit if I sell my Qtum coin but I decided to hold my qtum coin for few months or maybe few years . I think qtum coin will reach 50 dollars before end of this year 2017 because many investor will invest to this project so the price will increase again. More investor to come with qtum.
sr. member
Activity: 722
Merit: 259

Blocknet QTUM for DGB Decentralized Trade Across Blockchains



Would you mind posting some more information about this please? We saw a video on Twitter: https://www.youtube.com/embed/btV4TMFnsCA

These tokens being exchanged (in this video) are Qtum Testnet, right now we have a placeholder ERC20 until our Mainnet goes live in September.
full member
Activity: 414
Merit: 101

Blocknet QTUM for DGB Decentralized Trade Across Blockchains



so is this on Qtum testnet?

how it work?

thank you !
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