Proof-of-Stake, or PoS, blockchain Qtum properly concluded a really hard fork of its testnet in preparation for the start of its mainnet really hard fork.
In accordance to a assertion despatched to Cointelegraph, the upgrade went stay on the testnet at block 625,000 on June 29. This celebration officially launched offline staking in Qtum.
Mainnet challenging fork to occur in August or at block 680,000
The testnet event – scheduled to start out on July 6 – is the previous period in advance of Qtum launches its mainnet really hard fork. This is envisioned to come about on August 28, 2020, or at block top 680,000.
As of push time, Qtum claims that far more than 300 community individuals have acquired nearly 1,000 QTUM via staking.
The company facts:
“Offline staking is one of the greatest alterations to the Qtum protocol to day. Up till now, Qtum has allowed Evidence-of-Stake consensus staking only from on line nodes that secure and function the blockchain. As a final result, QTUM holders who did not want to run a complete node, experienced stability issues, or struggled to meet up with the useful resource and electric power prerequisites ended up unable to participate in staking.”
Patrick Dai, co-founder of Qtum, stated that a Testnet Stake-a-Thon will give blockchain lovers a chance to familiarize themselves with ideas this kind of as tremendous stakers, deal with delegation, “and how simple it can be to take part in the consensus of a global community.” He also included:
“This will empower the group to undertake the same duties in a reasonable environment when the mainnet hard fork goes are living in late August, bringing offline staking to the Qtum ecosystem.”
Democratizing and securing the network
Qtum states that offline staking will aid to improve participation in the staking method. This will enable to democratize the network and make it extra dispersed and safe.
Cointelegraph formerly claimed that Qtum went by its initially-ever challenging fork on October 27, 2019. This fork happened at block 466,000, upgrading the Qtum network to unlock a range of significant functions such as wise contracts and block spacing enhancements.
Credit rating: Resource connection