Qtum, an open-source public blockchain, value transfer platform, has launched an instant virtual machine on Google’s cloud platform that allows users to deploy a full blockchain node on the platform. According to a statement made by the platform’s CIO Miguel Palencia the main aim towards this launch is simplicity;
“Where launching a node was once an intensive and complex process, Qtum’s new developer suite introduces helpful shortcuts and tools to make it faster and easier…with a more accessible technology, we hope to open up and expand the Qtum community to include people with a broader range of experience — from experts to the everyday user.”
The virtual machine valued at $15 a month, allows users to spin up and run instantly on the cloud platform. With the software, users can develop and implement their own smart contracts from the ready-to-use GCP VM featuring Qtum core, soldity, solar and Qmix web IDE.
However, it is quite clear that this announcement does not in any way imply that Qtum and Google are official partners; this is because anyone can launch a product on the cloud platform.
Qtum’s Smart Contracts
Qtum is a Singapore-based blockchain platform that bridges Ethereum’s smart contracts to Bitcoin’s stable blockchain using proof of stake as a verification method. Qtum’s main aim is to increase the range as well as interoperability of smart contract applications for businesses and institutional platforms.
Additionally, the Qtum implements tools, templates, and other ‘plug-and-play smart contract options’ to make it easier for businesses to build and execute smart contracts. Just recently, the platform merged with Amazon Web Services’ (AWS) in China so as to allow users to develop and deploy smart contracts faster, efficiently and cost effectively using an Amazon Machine Image (AMI).
As a cryptocurrency, Qtum uses Bitcoin core code, which uses UTXO principles, that is run on a machine running an Ethereum Virtual Machine, which uses an account-based model. However, the code on Google is a copy of the Qtum compute engine that offers a developer environment and full node on the Qtum blockchain. Apparently clients can also use this code as a test bed for Decentralized Applications (DApps), Staking and code forks.
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