Qtum is a decentralized blockchain project built on Bitcoin’s UTXO model which is referred to as the unspent transaction output that can be spent as an input in a new transaction. Qtum’s system holds the support for Ethereum Virtual Machine based smart contracts and is secured by a proof of stake consensus model.
It achieves this through the revolutionary Account Abstraction Layer [AAL] which allows the Ethereum Virtual Machine [EVM] to communicate with Qtum’s Bitcoin-like UTXO blockchain.
The previous version of Qtum core had a few drawbacks, and bugs to be fixed. Qtum’s latest tweet confirms its improvements and shows a promising change on Github.
Qtum’s official account tweeted:
“Important update for Qtum Core!
Massive performance improvements, new features and bug fixing!”
Along with the caption, they added the link to the Github page of their update.
Qtum Ignition Main Network was introduced through this update. This is the main network where the tokens hold value and have to be guarded carefully. Qtum confirms that they will launch a testnet setup soon for the developers. In this update, they have not yet spoken about the migration but they are expected to announce the details about the token swap from QTUM ERC20 coins to QTUM mainnet soon.
Houdini, a Twitter user says:
“Good Work guys, keep going”
Rolf Schenk, another Twitterati says:
“Awesome! X86 will help *alot* in regard of business integration. And still have the EVM. Excited!”