The blockchain industry has come to understand that it is better for projects to join forces, and not become “killers of each other.” Patrick Dai, founder of the Qtum smart contract platform, expressed this opinion in a conversation with Cryplogger.
In 2023, his company entered into a partnership with the Opside Network project, which provides first-level blockchains with access to ZK-RaaS. The launch of the Opside Network pre-alpha testnet is scheduled for mid-May.
According to Dai, the partnership will allow Qtum to expand beyond its own ecosystem, and the ability to interoperate with other blockchains will increase the decentralization of the project:
“Connecting Qtum to the Opside Network ZK bridge will allow users to transact with other major blockchains such as BNB Chain and Ethereum without centralized intermediaries. The future of Web3 is multi-chain, and L2 solutions are part of that future.”
He added that Opside Network will also provide additional scalability for L2 solutions thanks to a three-tier architecture:
- L1 (ZK-bridge) – Blockchains like Qtum and Ethereum connected to Opside via Zero-knowledge (ZK) technology-enabled bridges;
- L2 (Opside) — EVM-compatible blockchain that unites L1 networks;
- L3 (Rollups as a Service) – Separate scaling solutions based on ZK-Rollups that process transactions outside of Opside.
Dai is sure that users and developers should not look for the best blockchain on the market – time has shown that maximalism is often toxic and counterproductive:
We are for cooperation and against [название вашего любимого блокчейна]-maximalism. Qtum took the best from Bitcoin and Ethereum, because the future is not in betting on the “winner”, but in combining technologies. The interaction of networks based on multi-chain platforms is a logical next step in the development of the blockchain industry.”
The founder of Qtum also said that the project team spent the first demonstration of the Moonland metaverse at the Consensus 2023 conference.
“Moonland users will be able to create NFT characters and communicate on the moon. Opside-powered solutions will allow them to transfer non-fungible tokens between different blockchains and exchange them for other in-game items and tokens,” Dai said.
Qtum is an open source smart contract platform based on the Proof-of-Stake consensus algorithm. The Qtum blockchain combines the Bitcoin transaction model (UTXO) with the Ethereum virtual machine (EVM).
Previously, Cryplogger published educational flashcards about Qtum in the Cryptorium section.
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