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Qtum’s Code Updated: "This Has Been The Biggest One Yet" - Qtum News. Tuesday, September 18

18 september 2018, 22:16 by John Kiguru

Important Qtum Cryptocurrency News

Qtum’s Code Updated: This Has Been The Biggest One Yet.

Qtum was launched almost a year from now on 13 October. The coding used was a copy of the bitcoin v.14 code. The code developed by the project was version 0.14.3. Since the project was launched, the team has been working towards updating the code to make it better. In the last one year, the platform has seen 18 updates and none is as big as the one they have just announced. Ghe Qtum team has announced the release of the Qtum Core wallet version 0.16.0.

According to the team, the new version incorporates bitcoin version 0.16 features and is the largest update the project has undergone. It will see the new version will undergo over 387 changes from bitcoin v0.16, improving its capability.

The announcement has gone on to give some capabilities the new version bears;
·Full Segregated Witness (SegWit) support with address management, key management, and new commands/calls.

One significant change that users will witness is reduced transactional costs. This is because existing transactions will be split with the signatures and moved to a “witness” sidechain. As a result, blocks will have more storage decreasing the fees charged.
The SegWit feature is also expected to solve other issues such as transaction malleability and allow Qtum to enable Lightning Network which can scale TPS to over 50,000.

Other updated features include;
· Create HD (Hierarchical Deterministic) wallet by default.
· SSE4 (CPU hardware acceleration) for faster calculations.
· GUI wallet user updates.

The Qtum project is one that is not commonly talked about but the project continues to make improvements by the day. The project’s native currency is also not one to make big gains or losses. At the time of press, the coin is trading at an impressive $3.34, up by 5% in the last 24 hours.

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