DApps on Bitcoin Blockchain? | Blockchain Central

The video explores Quantum, a blockchain platform with two main goals: linking existing cryptocurrencies and creating a new cryptocurrency. Quantum aims to be a public blockchain for business applications, leveraging a hybrid blockchain application platform. It uses the UTXO model and Proof of Stake algorithm, which can lead to monopolies. Despite challenges, Quantum offers a defined set of features and compatibility with second-layer solutions. The video concludes with a disclaimer about investment advice.

What are the two main goals of Quantum as a blockchain?

• To create a new cryptocurrency and replace Bitcoin

• To link existing cryptocurrencies and use profits for development

• To focus solely on mobile communication

• To eliminate all other cryptocurrencies

What is the account abstraction layer in Quantum designed to do?

• To eliminate the need for smart contracts

• To replace Bitcoin's core

• To emulate virtual machines like Ethereum's

• To create new cryptocurrencies

Which model does Quantum follow for transaction verification?

• Hybrid model

• UTXO model

• Proof of work model

• Account-based model

What is a potential downside of the proof of stake algorithm used by Quantum?

• It can lead to monopolies

• It is too slow

• It is incompatible with Bitcoin

• It is not secure

What is a key challenge for Quantum developers?

• Focusing only on the financial sector

• Eliminating all other blockchains

• Overcoming obstacles and making the right choices

• Creating a new cryptocurrency