Post
Topic
Board Announcements (Altcoins)
Re: [ANN] (QTUM) - A Scalable PoS Smart Contract Platform - MainNet Complete!
by
Qtum
on 09/12/2017, 06:26:37 UTC
Just trying to get my head around what Qtum does, or aims to do. Is it essentially a logistics management solution for businesses, which uses blockchain to support logistics tracking?

So it will create software that links this all together in an easy to use way for business?
It's an Ethereum compatible chain that uses PoS instead of PoW and additionally uses Bitcoin's UTXO system to allow for SPV wallets, allowing for much smaller blockchain downloads compared to Ethereum, meaning that slimmer and more compact dapps can be written and used even on mobile devices.
Hi, I just bought some QTUM. Can someone explain me how can I stake the coin? Or is this still in a testing phase?

Staking is actually quite easy, you keep the tokens in your QT wallet for 500 confirmations and wait.

Make sure that before you send tokens, you encrypt and back up your wallet, save that file to an external device.

Here is a guide that goes over these steps:

https://github.com/qtumproject/qtum/wiki/Qtum-Wallet-Tutorial