Qtum Preps for Mainnet Laborious Fork With New Testnet Occasion


Proof-of-Stake, or PoS, blockchain Qtum efficiently accomplished a tough fork of its testnet in preparation for the launch of its mainnet exhausting fork.In accordance with an announcement despatched to Cointelegraph, the improve went dwell on the testnet at block 625,000 on June 29. This occasion formally launched offline staking in Qtum.Mainnet exhausting fork to occur in August or at block 680,000The testnet occasion – scheduled to start out on July 6 – is the final section earlier than Qtum launches its mainnet exhausting fork. That is anticipated to occur on August 28, 2020, or at block peak 680,000.As of press time, Qtum claims that greater than 300 community individuals have earned virtually 1,000 QTUM by staking.The corporate particulars:“Offline staking is among the greatest modifications to the Qtum protocol up to now. Up till now, Qtum has allowed Proof-of-Stake consensus staking solely from on-line nodes that safe and function the blockchain. Because of this, QTUM holders who didn’t need to run a full node, had safety issues, or struggled to satisfy the useful resource and energy necessities have been unable to take part in staking.”Patrick Dai, co-founder of Qtum, stated {that a} Testnet Stake-a-Thon will give blockchain fanatics an opportunity to familiarize themselves with ideas akin to tremendous stakers, tackle delegation, “and the way simple it may be to take part within the consensus of a worldwide community.” He additionally added:”This can empower the neighborhood to undertake the identical duties in a sensible setting when the mainnet exhausting fork goes dwell in late August, bringing offline staking to the Qtum ecosystem.”Democratizing and securing the networkQtum states that offline staking will assist to extend participation within the staking course of. This can assist to democratize the community and make it extra distributed and safe.Cointelegraph beforehand reported that Qtum went by its first-ever exhausting fork on October 27, 2019. This fork occurred at block 466,000, upgrading the Qtum community to unlock quite a lot of important options together with sensible contracts and block spacing enhancements.

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