Qtum is a decentralized blockchain project built on Bitcoin's UTXO model, with support for Ethereum Virtual Machine-based smart contracts, and secured by a proof of stake consensus model. It achieves this through the revolutionary Account Abstraction Layer which allows the EVM to communicate with Qtum's Bitcoin-like UTXO blockchain. Welcome to the Qtum Ignition Main Network. This is the main network where the tokens hold value and should be guarded very carefully. If you are testing the network or developing unstable software on Qtum, we highly recommend using either testnet or regtest mode. A Proof of Stake consensus system which is optimized for Qtum's contract model. Any user can stake and help to secure the network. There is no voting, master nodes, or minimum amount required. There have been transactions as small as 2 Qtum that have created blocks in the past. Staking from smart contracts is under development.
Features
- Compatibility with the Ethereum Virtual Machine
- Allows for compatibility with most existing Solidity based smart contracts
- The Decentralized Governance Protocol is completely implemented and functional
- Allows certain network parameters to be modified without a fork or other network disruption
- This currently controls parameters like block size, gas prices, etc.
- Uses the UTXO transaction model and is compatible with Bitcoin