If you didn't update your Qtum wallet in time for the hard fork in February, it's not a problem. Simply download the new v27.1 release from Github:
https://t.co/gwsCqIkxi8
We get asked this all the time, people who missed the update want to know what to do. It's simple, just make sure you backup your old wallet first in case there's any issues, and then download the new version. Once the blockchain is synchronized, everything will work.
True decentralization in a blockchain project is important. It stops central authorities from blacklisting wallet addresses, rolling back the chain, or stopping transactions completely.
You can tell if a project is truly decentralized if no permission is required to validate transactions. Everyone should be allowed to operate a node, without having to hold coins or being voted for.
The community should have the choice whether or not they support updates. If they don't like the project's direction, they can simply reject future updates and run on their own fork of the project.
There's a lot more that could be added to this topic, but we'll stop here for now. Feel free to carry on the conversation in the comments.
Qtum is a clone of Bitcoin Core, with staking instead of Proof-of-Work. We also implemented the Ethereum Virtual Machine into our blockchain to enable smart contracts. This is all done on a layer1 decentralized network.
We're proud to be platinum sponsors of the @festival_web3 in Hong Kong. Day 1 was great, lots of meaningful conversations. Tomorrow we will be speaking on stage 2 about Qtum AI
Qtum features a 32 second block target, and up to 8000kb of data per block. Bundled with Bitcoin's Segregated Witness, Qtum is capable of over 1100 transactions per second. These transactions are also cheap, usually 3-4 pennies. This can even be reduced in times of high usage.
"BINANCE TH by Gulf Binance Will Support the Qtum (QTUM) Network Upgrade & Hard Fork to ensure the best user experience.
BINANCE TH will suspend the deposits and withdrawals of token(s) on the Qtum (QTUM) network starting from approximately on 15 February 2025 at 01:30 PM(UTC+7).
The network upgrade will take place at the block height of 4,590,000 approximately on 15 February 2025 at 02:30 PM.(UTC+7)"