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Topic: [ANN] (QTUM) - A Scalable Smart Contract Platform w/ Proof of Stake - page 311. (Read 525385 times)

sr. member
Activity: 439
Merit: 250
mmmmmm
So, what's the big deal with an UTXO-based Smart Contract Platform? Doesn't Ethereum function the same way?

Hi, Ethereum does not function in the same way. Ethereum has an account-based model. So, when you receive and send funds, you have an account with your balance, and you add or subtract from that balance depending on if you're sending of receiving money. Bitcoin on the other hand uses the Unspent Transaction Output (UTXO) model. In Bitcoin you don't receive and send funds directly to an "account". Instead, an account does not really exist on the blockchain and instead you have unspent transaction outputs. Imagine it like a check from the bank. You have a check for $50 and you want to send $20 to someone. So, you would go to the bank, give them the $50 check, and then get a $30 check written out to yourself and a $20 check written to the person you want to send to. This is pretty much exactly how Bitcoin works and your "account" or wallet balance is rather the sum of how many outputs (checks) you own and can spend.

This is a big deal for a number of reasons.

1. The UTXO model is what Bitcoin uses, and thus Qtum will be compatible with existing processes and technology built for Bitcoin. This means companies that already use Bitcoin should have no problems or massive process changes to adopt Qtum, unlike Ethereum.
2. The UTXO model has the tried and proven SPV protocol for decentralized mobile and light wallets. There is currently no protocol for decentralized mobile and light wallets in Ethereum
3. The UTXO model has so far been proven to be more scalable for the long term, with it's ability to process transactions in parallel and easy method of trimming spent transactions from client node's copy of the blockchain

I'm sure there's more reasons, but the big thing that important right now about Qtum is that it will unify the Bitcoin and Ethereum communities and technology. Ethereum developers will easily be able to port their code to Qtum and gain all of the advantages of Qtum, while Bitcoin developers will easily be able to switch to Qtum while using familiar technology and begin writing powerful smart contracts on this platform.
Whew ... development and many noticing
Maybe I agree with etherum ...
This will be a great mix and cool
Hopefully qtum responded to etherum sir
Thank you.
and many say the current etherum be altcoin best at each forum. congratulations

Qtum will be able to run any dapps built on top of Ethereum and Bitcoin?

Yes. There are a few minor things (mostly stuff not used by traditional contracts) that may need to be changed in an Ethereum contract, but our intention is to remain as compatible as possible.

So I could build an Ethereum smart contract dApp and port it to Qtum and not have to deal with all the headaches we have had to deal with the last year with forks, attacks, and everything?

Yes, exactly, as well as interact with your smart contracts using mobile/light wallets through the SPV protocol
member
Activity: 72
Merit: 10
So, what's the big deal with an UTXO-based Smart Contract Platform? Doesn't Ethereum function the same way?

Hi, Ethereum does not function in the same way. Ethereum has an account-based model. So, when you receive and send funds, you have an account with your balance, and you add or subtract from that balance depending on if you're sending of receiving money. Bitcoin on the other hand uses the Unspent Transaction Output (UTXO) model. In Bitcoin you don't receive and send funds directly to an "account". Instead, an account does not really exist on the blockchain and instead you have unspent transaction outputs. Imagine it like a check from the bank. You have a check for $50 and you want to send $20 to someone. So, you would go to the bank, give them the $50 check, and then get a $30 check written out to yourself and a $20 check written to the person you want to send to. This is pretty much exactly how Bitcoin works and your "account" or wallet balance is rather the sum of how many outputs (checks) you own and can spend.

This is a big deal for a number of reasons.

1. The UTXO model is what Bitcoin uses, and thus Qtum will be compatible with existing processes and technology built for Bitcoin. This means companies that already use Bitcoin should have no problems or massive process changes to adopt Qtum, unlike Ethereum.
2. The UTXO model has the tried and proven SPV protocol for decentralized mobile and light wallets. There is currently no protocol for decentralized mobile and light wallets in Ethereum
3. The UTXO model has so far been proven to be more scalable for the long term, with it's ability to process transactions in parallel and easy method of trimming spent transactions from client node's copy of the blockchain

I'm sure there's more reasons, but the big thing that important right now about Qtum is that it will unify the Bitcoin and Ethereum communities and technology. Ethereum developers will easily be able to port their code to Qtum and gain all of the advantages of Qtum, while Bitcoin developers will easily be able to switch to Qtum while using familiar technology and begin writing powerful smart contracts on this platform.
Whew ... development and many noticing
Maybe I agree with etherum ...
This will be a great mix and cool
Hopefully qtum responded to etherum sir
Thank you.
and many say the current etherum be altcoin best at each forum. congratulations

Qtum will be able to run any dapps built on top of Ethereum and Bitcoin?

Yes. There are a few minor things (mostly stuff not used by traditional contracts) that may need to be changed in an Ethereum contract, but our intention is to remain as compatible as possible.

So I could build an Ethereum smart contract dApp and port it to Qtum and not have to deal with all the headaches we have had to deal with the last year with forks, attacks, and everything?
sr. member
Activity: 439
Merit: 250
mmmmmm
So, what's the big deal with an UTXO-based Smart Contract Platform? Doesn't Ethereum function the same way?

Hi, Ethereum does not function in the same way. Ethereum has an account-based model. So, when you receive and send funds, you have an account with your balance, and you add or subtract from that balance depending on if you're sending of receiving money. Bitcoin on the other hand uses the Unspent Transaction Output (UTXO) model. In Bitcoin you don't receive and send funds directly to an "account". Instead, an account does not really exist on the blockchain and instead you have unspent transaction outputs. Imagine it like a check from the bank. You have a check for $50 and you want to send $20 to someone. So, you would go to the bank, give them the $50 check, and then get a $30 check written out to yourself and a $20 check written to the person you want to send to. This is pretty much exactly how Bitcoin works and your "account" or wallet balance is rather the sum of how many outputs (checks) you own and can spend.

This is a big deal for a number of reasons.

1. The UTXO model is what Bitcoin uses, and thus Qtum will be compatible with existing processes and technology built for Bitcoin. This means companies that already use Bitcoin should have no problems or massive process changes to adopt Qtum, unlike Ethereum.
2. The UTXO model has the tried and proven SPV protocol for decentralized mobile and light wallets. There is currently no protocol for decentralized mobile and light wallets in Ethereum
3. The UTXO model has so far been proven to be more scalable for the long term, with it's ability to process transactions in parallel and easy method of trimming spent transactions from client node's copy of the blockchain

I'm sure there's more reasons, but the big thing that important right now about Qtum is that it will unify the Bitcoin and Ethereum communities and technology. Ethereum developers will easily be able to port their code to Qtum and gain all of the advantages of Qtum, while Bitcoin developers will easily be able to switch to Qtum while using familiar technology and begin writing powerful smart contracts on this platform.
Whew ... development and many noticing
Maybe I agree with etherum ...
This will be a great mix and cool
Hopefully qtum responded to etherum sir
Thank you.
and many say the current etherum be altcoin best at each forum. congratulations

Qtum will be able to run any dapps built on top of Ethereum and Bitcoin?

Yes. There are a few minor things (mostly stuff not used by traditional contracts) that may need to be changed in an Ethereum contract, but our intention is to remain as compatible as possible.
member
Activity: 72
Merit: 10
So, what's the big deal with an UTXO-based Smart Contract Platform? Doesn't Ethereum function the same way?

Hi, Ethereum does not function in the same way. Ethereum has an account-based model. So, when you receive and send funds, you have an account with your balance, and you add or subtract from that balance depending on if you're sending of receiving money. Bitcoin on the other hand uses the Unspent Transaction Output (UTXO) model. In Bitcoin you don't receive and send funds directly to an "account". Instead, an account does not really exist on the blockchain and instead you have unspent transaction outputs. Imagine it like a check from the bank. You have a check for $50 and you want to send $20 to someone. So, you would go to the bank, give them the $50 check, and then get a $30 check written out to yourself and a $20 check written to the person you want to send to. This is pretty much exactly how Bitcoin works and your "account" or wallet balance is rather the sum of how many outputs (checks) you own and can spend.

This is a big deal for a number of reasons.

1. The UTXO model is what Bitcoin uses, and thus Qtum will be compatible with existing processes and technology built for Bitcoin. This means companies that already use Bitcoin should have no problems or massive process changes to adopt Qtum, unlike Ethereum.
2. The UTXO model has the tried and proven SPV protocol for decentralized mobile and light wallets. There is currently no protocol for decentralized mobile and light wallets in Ethereum
3. The UTXO model has so far been proven to be more scalable for the long term, with it's ability to process transactions in parallel and easy method of trimming spent transactions from client node's copy of the blockchain

I'm sure there's more reasons, but the big thing that important right now about Qtum is that it will unify the Bitcoin and Ethereum communities and technology. Ethereum developers will easily be able to port their code to Qtum and gain all of the advantages of Qtum, while Bitcoin developers will easily be able to switch to Qtum while using familiar technology and begin writing powerful smart contracts on this platform.
Whew ... development and many noticing
Maybe I agree with etherum ...
This will be a great mix and cool
Hopefully qtum responded to etherum sir
Thank you.
and many say the current etherum be altcoin best at each forum. congratulations

Qtum will be able to run any dapps built on top of Ethereum and Bitcoin?
sr. member
Activity: 1435
Merit: 250
PredX - AI-Powered Prediction Market
So, what's the big deal with an UTXO-based Smart Contract Platform? Doesn't Ethereum function the same way?

Hi, Ethereum does not function in the same way. Ethereum has an account-based model. So, when you receive and send funds, you have an account with your balance, and you add or subtract from that balance depending on if you're sending of receiving money. Bitcoin on the other hand uses the Unspent Transaction Output (UTXO) model. In Bitcoin you don't receive and send funds directly to an "account". Instead, an account does not really exist on the blockchain and instead you have unspent transaction outputs. Imagine it like a check from the bank. You have a check for $50 and you want to send $20 to someone. So, you would go to the bank, give them the $50 check, and then get a $30 check written out to yourself and a $20 check written to the person you want to send to. This is pretty much exactly how Bitcoin works and your "account" or wallet balance is rather the sum of how many outputs (checks) you own and can spend.

This is a big deal for a number of reasons.

1. The UTXO model is what Bitcoin uses, and thus Qtum will be compatible with existing processes and technology built for Bitcoin. This means companies that already use Bitcoin should have no problems or massive process changes to adopt Qtum, unlike Ethereum.
2. The UTXO model has the tried and proven SPV protocol for decentralized mobile and light wallets. There is currently no protocol for decentralized mobile and light wallets in Ethereum
3. The UTXO model has so far been proven to be more scalable for the long term, with it's ability to process transactions in parallel and easy method of trimming spent transactions from client node's copy of the blockchain

I'm sure there's more reasons, but the big thing that important right now about Qtum is that it will unify the Bitcoin and Ethereum communities and technology. Ethereum developers will easily be able to port their code to Qtum and gain all of the advantages of Qtum, while Bitcoin developers will easily be able to switch to Qtum while using familiar technology and begin writing powerful smart contracts on this platform.
Whew ... development and many noticing
Maybe I agree with etherum ...
This will be a great mix and cool
Hopefully qtum responded to etherum sir
Thank you.
and many say the current etherum be altcoin best at each forum. congratulations
member
Activity: 62
Merit: 10
sr. member
Activity: 439
Merit: 250
mmmmmm
So, what's the big deal with an UTXO-based Smart Contract Platform? Doesn't Ethereum function the same way?

Hi, Ethereum does not function in the same way. Ethereum has an account-based model. So, when you receive and send funds, you have an account with your balance, and you add or subtract from that balance depending on if you're sending of receiving money. Bitcoin on the other hand uses the Unspent Transaction Output (UTXO) model. In Bitcoin you don't receive and send funds directly to an "account". Instead, an account does not really exist on the blockchain and instead you have unspent transaction outputs. Imagine it like a check from the bank. You have a check for $50 and you want to send $20 to someone. So, you would go to the bank, give them the $50 check, and then get a $30 check written out to yourself and a $20 check written to the person you want to send to. This is pretty much exactly how Bitcoin works and your "account" or wallet balance is rather the sum of how many outputs (checks) you own and can spend.

This is a big deal for a number of reasons.

1. The UTXO model is what Bitcoin uses, and thus Qtum will be compatible with existing processes and technology built for Bitcoin. This means companies that already use Bitcoin should have no problems or massive process changes to adopt Qtum, unlike Ethereum.
2. The UTXO model has the tried and proven SPV protocol for decentralized mobile and light wallets. There is currently no protocol for decentralized mobile and light wallets in Ethereum
3. The UTXO model has so far been proven to be more scalable for the long term, with it's ability to process transactions in parallel and easy method of trimming spent transactions from client node's copy of the blockchain

I'm sure there's more reasons, but the big thing that important right now about Qtum is that it will unify the Bitcoin and Ethereum communities and technology. Ethereum developers will easily be able to port their code to Qtum and gain all of the advantages of Qtum, while Bitcoin developers will easily be able to switch to Qtum while using familiar technology and begin writing powerful smart contracts on this platform.
full member
Activity: 140
Merit: 100
I will read the white paper to understand the new UTXO evolution  Grin
legendary
Activity: 1647
Merit: 1012
Practising Hebrew before visiting Israel
So, what's the big deal with an UTXO-based Smart Contract Platform? Doesn't Ethereum function the same way?
hero member
Activity: 2170
Merit: 528
A very nice looking project with a lot of investors, I'll be watching this thread.
sr. member
Activity: 1435
Merit: 250
PredX - AI-Powered Prediction Market
Hi I am really interested in this new cryptocurrency which look really great so this are my questions:
1.How we can earn Qtum cryptocurrency?
2.How much Qtum cyptocurrency worth right now?
3.Qtum cryptocurrency will be next bitcoin or even better?
4.Qtum will be used everywhere like bitcoin or even in bigger % or just for trading or other purposes?
5.Where we can buy Qtum with paypal?
6.Where we can buy Qtum with bitcoin?
7.Which exchanger accept Qtum cryptocurrency for trading?
8.Which qtum wallets exist now,tell me names?
9.Who created Qtum?
10.When is Qtum created?
11.Qtum will be able for miners to make blocks and make money?
12.Does Qtum wallet have referral system like example we get % of every referral transaction?
13.How much you want invest in Qtum expanding?
14.How much is send money fee in $ when we send Qtum money?
Sorry because of so many questions but I like to have all answers in 1 place.
Thanks and cheers Cheesy
i am also interested for almost all your question, expecially about buying qtum and its fees
I will try to answer the core of your question?
the ico is now clearly hasn't started yet. only a portion of the promotion
and for coins we have not been able to get it. seen from the ico hasn't started yet, so coins have not been launched
If you are interested in joining the campaign to follow. You can help by following the campaign's signature:
check the link https://bitcointalk.org/index.php?topic=1747399.0;topicseen
and the translation if it is still available
sr. member
Activity: 588
Merit: 251
this is a good way of making ones dreams to come into reality, its a good project that has started well and all best wishes to it on this road to success.
full member
Activity: 321
Merit: 102
Hi I am really interested in this new cryptocurrency which look really great so this are my questions:
1.How we can earn Qtum cryptocurrency?
2.How much Qtum cyptocurrency worth right now?
3.Qtum cryptocurrency will be next bitcoin or even better?
4.Qtum will be used everywhere like bitcoin or even in bigger % or just for trading or other purposes?
5.Where we can buy Qtum with paypal?
6.Where we can buy Qtum with bitcoin?
7.Which exchanger accept Qtum cryptocurrency for trading?
8.Which qtum wallets exist now,tell me names?
9.Who created Qtum?
10.When is Qtum created?
11.Qtum will be able for miners to make blocks and make money?
12.Does Qtum wallet have referral system like example we get % of every referral transaction?
13.How much you want invest in Qtum expanding?
14.How much is send money fee in $ when we send Qtum money?
Sorry because of so many questions but I like to have all answers in 1 place.
Thanks and cheers Cheesy
i am also interested for almost all your question, expecially about buying qtum and its fees
Dxt
hero member
Activity: 532
Merit: 500
In order not to miss the ICO date you can subscribe to news. Enter your email to join Qtum on Slack.
Qtum large and ambitious project, for which it is necessary to follow in both eyes.

Why do u talk about it as if u have an interest in supporting this fraud? Everyone knows that u are a sig spammer and dont like crypto. U are here because u get paid, so better shut up and dont pretend to like this project.
Would be interested to hear your arguments and facts, there is evidence of fraud? Save the investments of many people, tell us the truth. I think that you have no evidence, so better shut up.

Quote
Hi I am really interested in this new cryptocurrency which look really great so this are my questions:
Good questions. I'm interested too.
full member
Activity: 140
Merit: 100
Hi I am really interested in this new cryptocurrency which look really great so this are my questions:
1.How we can earn Qtum cryptocurrency?
2.How much Qtum cyptocurrency worth right now?
3.Qtum cryptocurrency will be next bitcoin or even better?
4.Qtum will be used everywhere like bitcoin or even in bigger % or just for trading or other purposes?
5.Where we can buy Qtum with paypal?
6.Where we can buy Qtum with bitcoin?
7.Which exchanger accept Qtum cryptocurrency for trading?
8.Which qtum wallets exist now,tell me names?
9.Who created Qtum?
10.When is Qtum created?
11.Qtum will be able for miners to make blocks and make money?
12.Does Qtum wallet have referral system like example we get % of every referral transaction?
13.How much you want invest in Qtum expanding?
14.How much is send money fee in $ when we send Qtum money?
Sorry because of so many questions but I like to have all answers in 1 place.
Thanks and cheers Cheesy
hero member
Activity: 1150
Merit: 502
In order not to miss the ICO date you can subscribe to news. Enter your email to join Qtum on Slack.
Qtum large and ambitious project, for which it is necessary to follow in both eyes.

Why do u talk about it as if u have an interest in supporting this fraud? Everyone knows that u are a sig spammer and dont like crypto. U are here because u get paid, so better shut up and dont pretend to like this project.
sr. member
Activity: 454
Merit: 250
I see in the proposal a number of features that can potentially generate incentive to the use of this crypto. If developers do a good job to achieve such goals, the features present in it can make the project a cryptocurrency that differs from most cryptos in the market.
Good projects have become rare lately, so the arrival of this project will probably be seen as a good opportunity for investors.
Dxt
hero member
Activity: 532
Merit: 500
In order not to miss the ICO date you can subscribe to news. Enter your email to join Qtum on Slack.
Qtum large and ambitious project, for which it is necessary to follow in both eyes.
sr. member
Activity: 280
Merit: 250
QTUM, all that I can say is they help people to earn easily. I hope they could continue their campaign. More power and more earnings for QTUM. QTUM can help those who are new with bitcoins. They can give a lot of opportunity for those who are new with bitcoins.
sr. member
Activity: 350
Merit: 250
According to the devs on slack the ICO will start on March I'm really excited when that time comes with so much support given to this coin I believe that this project will be a great success so let me congratulate the devs in advance !
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