October 30, 2020

Qtum will launch a hard fork with powerful new features for smart contracts

Qtum will launch a hard fork with powerful new features for smart contracts

On October 17, a blockchain with proof of ownership of Qtum will complete its first hard fork, which will add a number of major updates.

Smart contract network will be updated to versionQtum 2.0, which provides for more efficient use of gas. In addition, wallets outside the QTUM blockchain will be able to send native tokens to decentralized network applications.

According to the developers, the speed ofTransactions will increase by an average of 12.5%. In addition, the update will support gas payments by third parties, which will lower the entry threshold for new users.

Qtum co-founder Patrick Dye said:

Hard fork Qtum will make the platform more stableand convenient to use. We believe that this network update addresses many of the challenges in using smart contracts and expands the capabilities of Qtum-based applications.

The introduction of the Qtum update will allow the blockchain to support more advanced smart contracts, while simplifying their development and reducing deployment costs.

According to the materials cryptodaily.co.uk