Drastic Price Drop in 2018 - EXPLAINED

The video explores Quantum, a blockchain platform with two main goals: linking existing cryptocurrencies and creating a new cryptocurrency to fund its development. Quantum is a hybrid blockchain application platform, utilizing the account abstraction layer to emulate virtual machines like Ethereum's. It employs a proof of stake algorithm, which can lead to monopolies. Despite challenges, Quantum offers defined 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 eliminate all other cryptocurrencies

• To link existing cryptocurrencies and use profits to develop its blockchain

• To focus solely on mobile communication and data protection

• To replace Bitcoin and Ethereum as the leading cryptocurrencies

What is the account abstraction layer in Quantum's development?

• A system for storing cryptocurrencies in physical form

• A method for creating decentralized apps without smart contracts

• A platform and programming interface for emulating virtual machines

• A new type of cryptocurrency

How does Quantum's UTXO model differ from Ethereum's accounting system?

• Both Quantum and Ethereum use the same accounting system

• Quantum uses UTXO, while Ethereum uses accounts

• Quantum does not use any accounting system

• Quantum uses accounts, while Ethereum uses UTXO

What is a potential downside of Quantum's proof of stake algorithm?

• It is too slow and inefficient

• It may contribute to the creation of monopolies

• It requires too much computational power

• It is incompatible with second layer solutions

What is one of the challenges Quantum faces in achieving its goals?

• Lack of interest from developers

• Incompatibility with existing blockchain technologies

• The need to make tough decisions and compromises

• Insufficient funding for development