Trust Wallet Adds Support for Qtum Blockchain


Trust Wallet, the official mobile wallet app of global cryptocurrency exchange Binance, is rolling out extensive updates amid a massive rebrand as a multi cryptocurrency wallet.

As Trust Wallet is continuing to add support for more Blockchain assets. Today, the platform announced to integrate Qtum (QTUM) support and other top blockchains. This enables control over your funds. It also provides receive, send, store and exchange your cryptocurrency right in the mobile interface.

All Trust users — on iOS and Android — will now have access to Qtum coin using the multi-coin wallet.

Basically, Qtum is an open-source, public blockchain platform that leverages the security and simplicity advantages of Bitcoin UTXO protocol while adding the convenience and flexibility of smart contracts.

However, Qtum uses an Account Abstraction Layer to decouple applications from the underlying protocol; this also maintains the performance of the blockchain and lends the ability to add more smart contract capabilities in the future. Additionally, Qtum addresses the inefficiencies of prior generations of proof-of-work blockchains through the adoption of a proof-of-stake consensus model.

The main features of this blockchain platform are :

  • Uses a proof-of-stake consensus mechanism
  • Has a multi-layered architecture
  • Utilizes a decentralized governance protocol

With the increasing support more than 10 blockchain platforms, Trust Wallet claimed to be way more than just a simple Ethereum and ERC20 wallet, while also claiming to be the only mobile wallet that supports Dapp for Ethereum, POA and Ethereum Classic.

What is your view on trust wallet? Share your thoughts on our Twitter and Facebook pages. 

Show More

Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Related Articles

Back to top button