CryptocurrencyQtum

Qtum developers launched an update on the project’s test network

QtumOn June 29, a hard fork was conducted on the Qtum blockchain test network to test the update, which introduces the possibility of offline staking. The update was activated on block 625,000.

The next step after the hard fork will be updating the main network of the project, which should take place on August 28, 2020 at block 680,000. After the update, about 300 participants in the test network have already received awards for staking.

“Offline staking is one of the biggest changes in the Qtum protocol to date. Until now, Qtum allowed only online sites that provide network security and support its operation to participate in staking. As a result, Qtum users who kept coins, but did not want to launch a full node due to lack of power or for other reasons, could not participate in staking, ”the company said in a statement.

According to Qtum co-founder Patrick Dai, the Stake-a-Thon testnet will introduce users to the concepts of super-stakers, address delegation, and how easy it is to participate in a global network consensus. Participation in the test network will give the same experience as participation in the main network of the project after the upgrade.

Developers expect that offline styling will attract more participants to the process, which will make the Qtum network more distributed and secure.

Recall that the first major hard fork in the Qtum network was held last fall. As part of the hard fork, updates have been added to improve the functionality of smart contracts and their performance.

Yash Purohit

Yash Purohit

Influencing the technology, people, and technical analysis of the Cryptocurrency and Blockchain world.

About author

Experienced Founder with a demonstrated history of working in the newspapers industry. Skilled in Data Research, Management, Investment Research, Teamwork, and Leadership. Influencing the technology, people, and technical analysis of the Cryptocurrency and Blockchain world.
Related posts
CryptocurrencyExchanges

PayPal Customers Are Now Allowed To Use Cryptocurrency To Make Payments To Merchants Worldwide

BitcoinCryptocurrencyEthereum

Bitcoin Recovers $56,000: ETH Recovers $1,700 (Observed Over The Weekend)

Cryptocurrency

Vladimir Putin: "we need to stop illegal transactions with digital assets"

CryptocurrencyExchanges

Coinbase exchange valued at $ 943 million in preparation for direct listing on Nasdaq

Sign up for our newsletter and stay informed

0 0 votes
Page Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x