Blockchain platform Qtum is introducing Bitcoin (BTC) atomic swaps to its mainnet infrastructure, in keeping with a press launch shared with Cointelegraph Jan. 9.
Atomic swaps are a know-how that allows the exchange of 1 cryptocurrency for one more with out the necessity for a trusted third get together or centralized change infrastructure.
The implementation of Qtum-to-BTC atomic swaps has been achieved with the usage of the Hash Time-Locked Contracts (HTLCs) know-how and relies on the code of the open-source cryptocurrency Decred. HTLC — in keeping with Qtum’s announcement — are probably the most safe method of implementing the swaps.
The staff has additionally introduced plans to launch “0 Value UTXOs,” which is able to permit customers that don’t maintain Qtum tokens to work together with smart contracts whereas a 3rd get together pays the price.
As Cointelegraph reported in February, Qtum is a cryptocurrency platform that helps sensible contracts and decentralized purposes (DApps). As of press time, Qtum’s personal cryptocurrency token is up 2.6% on the day, buying and selling at round $2.39, in keeping with CoinMarketCap knowledge.
Certainly one of Qtum’s predominant variations, when in comparison with Ethereum (ETH) — arguably the most well-liked cryptocurrency platform that additionally helps sensible contracts and DApps — is that as a result of the previous makes use of the Unspent Transaction Output (UTXO), its blockchain reportedly permits extra light-weight sensible contract interactions.
As Cointelegraph reported in December, Qtum awarded $400,000 to a Columbia College analysis staff to fund the event of a sensible contract programming language. The language, dubbed DeepSEA, is supposed to help “dependable, reliable, and finally – adoptable” Ethereum-style sensible contracts.