Hybrid blockchain application platform - QTUM
Today our action is QTUM.
Qtum is an open source Blockchain project that is developed by the Singapore-based Qtum Foundation. Qtum is a hybrid blockchain application platform. Qtum’s core technology combines a fork of bitcoin core, an Account Abstraction Layer allowing for multiple Virtual Machines including the Ethereum Virtual Machine (EVM) and Proof-of-Stake consensus aimed at tackling industry use cases. We believe this will allow Smart Contracts and Decentralized Applications to run on a familiar foundation, while offering a robust environment for developers. The underlying technology uses an “Account Abstract Layer”, which acts as a bridge between the EVM and the Unspent Transaction Output model of Bitcoin Core. There will be Oracles and Datafeed functionality, allowing developers to create Smart Contracts built around trusted sources of information.
Three new projects announced they’d build on Qtum in January: Luna, a blockchain-powered dating company; IDHub, a blockchain-based identity platform; and Banca, a decentralized and intelligent community investment bank.
Qtum also signed a memorandum of understanding (MOU) with the 360 Blockchain Research Center and the BTN Foundation to form a blockchain technology laboratory. The first of its kind in China, its goal is to collaborate to develop distributed ledger technologies.
Finally, Qtum entered into a strategic collaboration with Baofeng Bokocloud. Baofeng is like the Netflix of China, with over 200 million users. Qtum and Baofeng are building the world’s first blockchain consensus network.
Today’s Action: QTUM
Buy Price: 27.22
Buy It On: Binance
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