April 23, 2024

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, the Qtum proof-of-stake blockchain will complete its first hard fork, which will add a number ofmajor updates.

The 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 of the network's decentralized applications. 

According to the developers, the speed oftransactions will increase by an average of 12.5%. In addition, the update will support third-party gas payments, which will lower the barrier to entry 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.

Based on materialscryptodaily.co.uk