{"id":13311,"date":"2023-03-11T16:27:14","date_gmt":"2023-03-11T16:27:14","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=13311"},"modified":"2022-06-30T17:32:59","modified_gmt":"2022-06-30T17:32:59","slug":"qtum-vs-ethereum","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/qtum-vs-ethereum","title":{"rendered":"Qtum vs Ethereum which is better"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/qtum-vs-ethereum\/#what_is_qtum\" >What is Qtum?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/qtum-vs-ethereum\/#what_is_ethereum\" >What is Ethereum?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/qtum-vs-ethereum\/#ethereum_pros_cons\" >Ethereum Pro\u2019s &amp; Con\u2019s<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/qtum-vs-ethereum\/#qtum_pros_cons\" >Qtum Pro\u2019s &amp; Con\u2019s<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/qtum-vs-ethereum\/#final_thoughts\" >final thoughts<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 4<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><div id=\"row-2111479213\" class=\"row row-collapse row-full-width align-equal align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<h2><span class=\"ez-toc-section\" id=\"what_is_qtum\"><\/span><b>What is Qtum?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<p>Qtum pronounced Quantum. is a China based blockchain project offering a smart contract platform which can be used to develop Decentralized applications. The Qtum Foundation is registered in Singapore and is a global project with a team located in Asia, the Americas, Africa, and Europe. The reason for its popularity is its USP \u2013 providing Ethereum\u2019s EVM with Bitcoin\u2019s secure UTXO model. On top of that, they secure consensus with the Proof of Stake 3.0 (POS 3.0) algorithm.<\/p>\n<p>The main idea of \u200b\u200bQtum is to make smart contracts easier and more secure while offering the ability to exchange information with major cryptocurrencies such as\u00a0<a href=\"https:\/\/www.bitnovo.com\/\">Bitcoin<\/a>\u00a0and Ethereum.<\/p>\n<p>The Qtum codebase is the Bitcoin blockchain, but the Qtum developers have added layers to the Blockchain that allow an Ethereum virtual machine to run Bitcoin smart contracts. Qtum benefits from all the new developments in both the Ethereum and Bitcoin communities and smart contracts, it can be said that it has the best of both worlds.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"what_is_ethereum\"><\/span><b>What is Ethereum?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Ethereum is an open-source platform that uses blockchain technology to create and run decentralized digital applications, that enable users to make agreements and conduct transactions directly with each other to buy, sell and trade goods and services without a middle man.<\/p>\n<p>Ethereum is operated by a global network of computers that function as one. This network executes the smart contracts that in theory are independent of any interference or censorship from third parties since the blockchain is resistant to manipulation.<\/p>\n<p>These smart contracts are executed as scheduled, which reduces the risk of fraud and their execution is automatic, as a machine would execute them automatically once certain terms and conditions have been met, such as the transfer of a payment that would release the merchandise to be transported to buyer<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"ethereum_pros_cons\"><\/span><b>Ethereum Pro\u2019s &amp; Con\u2019s<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Some of the reasons why Ethereum is overwhelmed by large industries are:<\/p>\n<p>\u2013 Its high security, acceptance and authenticity of Ethereum throughout the world of cryptocurrencies, this makes it obtain the different virtues that the blockchain network can offer<\/p>\n<p>\u2013 Buteri\u2019s support and participation in the cryptocurrency environment gives security to this system.<\/p>\n<p>\u2013 They have a large number of investors who support Ethereum, with the fact that they carry elements like the dApps as well as the DAO organization and also the blockchain smart contracts that make it useful for the job. Ethereum also has reliability in regulatory responsibilities.<\/p>\n<p>Reasons why Ethereum is not favored in its application are:<\/p>\n<p>\u2013 A long-standing reputation for process delays that have influenced your network activity. He has to face the new challenges that come out every day in the world of cryptocurrencies.<\/p>\n<p>\u2013 The great fame that Buterin possesses. It causes an extraordinary devotion that with problems totally obvious Buterin\u2019s image makes them ignore them for idolizing him so much.<\/p>\n<div id=\"image_1989467166\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/qtum-vs-ethereum_2-1024x770.jpg\" sizes=\"(max-width: 1020px) 100vw, 1020px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/qtum-vs-ethereum_2-1024x770.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/qtum-vs-ethereum_2-300x226.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/qtum-vs-ethereum_2-768x578.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/qtum-vs-ethereum_2-1536x1156.jpg 1536w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/qtum-vs-ethereum_2.jpg 1595w\" alt=\"qtum vs ethereum Bitnovo\" width=\"1020\" height=\"767\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/qtum-vs-ethereum_2-1024x770.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/qtum-vs-ethereum_2-300x226.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/qtum-vs-ethereum_2-768x578.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/qtum-vs-ethereum_2-1536x1156.jpg 1536w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/qtum-vs-ethereum_2.jpg 1595w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/qtum-vs-ethereum_2-1024x770.jpg\" data-sizes=\"(max-width: 1020px) 100vw, 1020px\" \/><\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"qtum_pros_cons\"><\/span><b>Qtum Pro\u2019s &amp; Con\u2019s<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>There is a great attraction to the Qtum blockchain that motivates developers and leaders to experiment with Qtum. Some of these attractions are:<\/p>\n<p>\u2013 Proof of Stake 3.0 in all cryptocurrencies there is a mechanism that keeps the entire network synchronized. When bitcoin first introduced the PoW Proof of Work system, this mechanism is what makes bitcoin so safe and reliable.<\/p>\n<p>Proof of Stake was invented to solve some of the problems that PoW had, by allowing users to create and extract new blocks with which they obtained a reward, just by having the coins in their virtual wallets allowing it to staking automatically. And with a fairly severe method of punishment towards malicious users who, when identified as trying to break the rules, will be punished by losing all the stacked coins.<\/p>\n<p>\u2013 Best of Both Worlds the two blockchains that have been successful in the world of cryptocurrencies that are Bitcoin and Ethereum. They can be used in Qtum. These blockchains that are highly known, populated and accepted in the world of cryptocurrencies are implemented in Qtum, getting the best out of each version, since Qtum is compatible with previous versions of either Bitcoin or Ethereum.<\/p>\n<p>For example, QTUM is compatible with both the Lightning Network and Raiden. For this reason, the improvements applied to blocks of both Bitcoin and Ethereum can be incorporated into Qtum, this with the consent of the Qtum community.<\/p>\n<p>\u2013 More Secure and Scalable UTXO Model, Bitcoin\u2019s blockchain follows a UTXO model and Ethereum follows an account model, many crypto gurus argue that UTXO model is better because it\u2019s more scalable and secure.<\/p>\n<p>\u2013 Account Abstract Layer, Qtum is not just a Bitcoin and Ethereum fork. Qtum\u2019s solution is the Account Abstract Layer that serves as an interface layer between the blockchain and the EVM. The AAL not only allows the EVM to live on top of a UTXO blockchain, it also means that Qtum is not confined to using the EVM as a smart contract\u2019s platform.<\/p>\n<p>All new technologies have disadvantaged the more advances they make, some of these are:<\/p>\n<p>\u2013 Infinite growth, Qtum has a modality that will keep giving rewards to its users while they have their virtual wallet active, which generates a large amount of new coins ready to be spent, which generates high inflation, which could cause a failure in their economy.<\/p>\n<p>\u2013 Minimum staking, there is no minimum to do staking, something that if you have Ethereum that requires a minimum of 32 ethers to participate in it. By not having a minimum, they can put a minimum amount and start accepting malicious transactions.<\/p>\n<p>\u2013 Bugs with EVM, being a platform under development, daily errors and failures are found that can affect the operation of the platform.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"final_thoughts\"><\/span><b>final thoughts<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In the end we can say that Ethereum is an already established platform that has a few flaws but has already traveled a great path that will hold for the future we can only hope, while Qtum is a relatively young platform that has a lot to offer by applying the best of both worlds you can have the best the only thing left is to see how it improves.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 4<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>What is Qtum? Qtum pronounced Quantum. is a China based blockchain project offering a smart contract platform which can be used to develop Decentralized applications. The Qtum Foundation is registered in Singapore and is a global project with a team located in Asia, the Americas, Africa, and Europe. The reason for its popularity is its [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":13312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[165],"tags":[],"class_list":["post-13311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/13311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=13311"}],"version-history":[{"count":0,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/13311\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/13312"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=13311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=13311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=13311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}