Qtum is a platform providing a turing-complete blockchain stack that can be compared to the more established Ethereum blockchain. Qtum is an intelligent way to decentralized applications and execute contracts using a proof-of-stake mechanism whilst emulating Bitcoin’s UTXO transaction model.
Jordan Earls, co-founder and lead developer of the innovative company, will be demoing the new Qtum x86 Virtual Machine during the New York Blockchain Week. One of the brand’s goal is to provide developers with technologies and services that will enable them to build on mature and stable systems suitable for different types of programming.
Being built upon Bitcoin’s UTXO transaction model gives Qtum the same stability as this particular cryptocurrency and helps make it suitable to integrate smart contract platforms that are currently using another virtual machine. In addition, this platform is also fitted for mobile and IoT applications.
What makes Qtum x86 groundbreaking is that, unlike the Ethereum VM, it supports a variety of programming languages such as the mainstream C, C++, and Java. This is different from other similar systems that are usually restricted to their custom-built language. This type of restriction is what appears to stop some developers to make the transition into the blockchain space.
“ We are building some very good innovations, such as the Qtum x86VM, and our demonstration at Consensus during New York Blockchain Week will show decentralized app developers how it empowers them to build fantastic decentralized applications. To do this, we’re leveraging the Ethereum Virtual Machine and building the x86VM so people can develop smart contracts in the majority of programming languages, such as C++, Rust, and Python. We’re excited to share the work we’ve been doing. I believe what we need in smart contracts is not more shiny tools but stability and predictability when you’re developing. More innovation can take place in the blockchain space when experienced programmers can write using mature programming languages.” – Qtum co-founder and lead developer Jordan Earls
The Qtum team wants to make it easier for developers to create and innovate within the blockchain space, using a familiar framework. This explains why, this new virtual machine includes some of the most popular languages like Java, C, C++, Python, Rust, Go, and why experts intend on adding more in preparation for the Qtum x86VM full release happening before the end of the year 2018.