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Qtum Crypto Bites: A Fork In The Road
Qtum implemented the long-awaited FastLane hard fork at block 845,000 on April 30. Qtum will drop its average block spacing by four times from 128 seconds to 32 seconds following this fork. To compensate for this decreased block time, the block reward size will drop by four times — but come four times as often. This reduced block time will be a boon for new stakers who can see their block rewards starting up in one-fourth of the time. The hard fork also includes an upgrade of the EVM.
With a faster throughput and lower gas fees, the Qtum blockchain will be capable of handling gaming applications, DeFi, and minting non-fungible tokens at a low cost.
The hard fork comes after more than a month of extensive testing on the testnet. The testnet was forked in block 806,600 on March 26. Over the month, the testnet successfully dropped its block time to 32 seconds and increased daily block production by 4x from 675 to 2,700.
Jackson Belove has been releasing a series of blogs covering the whole event. This month, he released Part 5 of the FastLane series, which goes into the Testnet results post-fork.
Into the FastLane Reduced Block Time Part 5
The FastLane update is mandatory and can be implemented by upgrading the Qtum Core wallet to version 0.20.2. Upgrade your wallet here:
Stake-A-Thon Going Strong
The Qtum Stake-A-Thon is back!
Between April 1 to July 1, 2021, address delegators and super stakers will receive prizes for offline staking. Here are the rules to follow:
- To join the campaign, download and install the latest version (>= 0....
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Stories by Qtum on Medium