QTUM (QTUM) has long been considered one of the Ethereum threats that has the highest potential to actually become a platform where a lot of dApps are launched. It combines the digital coin value of Bitcoin (BTC) with the Ethereum Virtual Machine (EVM) smart contract technology as well as proof of stake (PoS) – and it allows users to develop in C++, Go, Rust, and other coding languages.
It has a lot of advantages over Ethereum, one of which being the fact that the government structure makes it so scalable that no hard forks would ever be necessary – and there’s also no minimum if you want to stake on the network.
The mainnet has been out for a while, but the QTUM Virtual Machine hasn’t been launched yet – until this week, that is.
What is the QTUM Virtual Machine?
This smart contract-deploying software, which is technically called the QTUM X86 Virtual Machine allows developers to make things using the majority of programing languages – including Python. The point is to make the barrier to entry into the blockchain space a lot lower with these different languages, so developers can more easily innovate using a framework they’re familiar with.
Moreover, this blockchain’s transaction model is a lot more energy and cost efficient compared to that of ETH’s.
The where and when of it all
So, how will this team finally unveil the QTUM Virtual Machine? They are holding an event on Wednesday, May 23rd in Seoul, South Korea – yes, that’s two days from now. The Launch Event is expected to be pretty big, considering how heavy the technology is that they are introducing. But, if you look at the MeetUp event, very few people have reserved their spots – but it is an “invite-only” event, after all.
Anyway, I guess you can follow the Reddit community for this coin – or their official Twitter account – if you want to keep an eye on what happens at this event.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.