Qtum launches an upgrade in order to prepare for Mainnet Hard Fork

Proof-of-Stake blockchain Qtum is preparing for the launch of its mainnet hard fork by completing a test net preparation.

On June 29, It was reported via online stream to Cointelegraph that this remarkable upgrade went live on the test net at block 625,000. This upgrade was the first one to officially introduced offline staking for the first time in Q tum.

Test net event to be scheduled in August or at block 680,000

The test net event was planned to start on July 6. It is almost preparing for the last phase before Q tum launches its upgrade. This upgrade is expected to happen on August 28, 2020, or at block height 680,000.

Q tum claims that more than 300 network participants have earned a huge amount of almost up to 1,000 QTUM through staking.

The company further exclaims

Offline staking is one of the biggest changes to the Q tum protocol to date. Up until now, Q tum has allowed Proof-of-Stake consensus staking only from online nodes that secure and operate the blockchain. As a result, QTUM holders who did not want to run a full node, had security concerns, or struggled to meet the resource and power requirements were unable to participate in staking.

The Co-founder of Q tum, Patrick Dai, said that a Testnet Stake-a-Thon will give people who are interested in blockchain, a chance to familiarize themselves with blockchain concepts such as super stakers, address delegation, “and how easy it can be to participate in the consensus of a global network.” He also added:

This will empower the community to undertake the same tasks in a realistic setting when the mainnet hard fork goes live in late August, bringing offline staking to the Qtum ecosystem.

Easy Accessibility of the network

According to Qtum this offline stalking will not only help to increase participation in the staking process but will help to make the network more distributed and secure.

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Adeline G.

Adeline Gibbs works as an analyst and content writer for NewsBitcoin247 and specializes in price analysis and blockchain technology. She is also actively involved in the crypto community - she love to trade and made some extra bucks.

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