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Qtum (QTUM)

ICO

An open source, decentralized project that aims to capitalize on the success of Bitcoin, while competing for the Decentralized Application (Dapp) and Smart Contract market

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Overview

Project industryBlockchain Infrastructure
Product typeCryptocurrency
FoundedSingapore
Hashing algorithmProof of Stake
Block time2 minutes

Technical details

Qtum has been created by forking Bitcoin’s source code and adding various custom modules to integrate the EVM. Qtum proposes a series of innovations in blockchain technology and implementation: - a UTXO model based smart contract platform - a flexible consensus (Proof-of-Stake) mechanism for public and permissioned chains - the Master Contract concept, identity management through smart contracts. Qtum is secured by the Proof-of-Stake 3.0 (POS 3.0) consensus protocol.

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What is Qtum

Qtum is an open sourced public blockchain platform, leveraging the security of UTXO while enabling multiple virtual machines including EVM and the revolutionary x86 VM. Qtum is PoS based and boasts a Decentralized Governance Protocol (DGP) allowing specific blockchain settings to be modified by making use of smart contracts. For instance, the block size of Qtum can be increased without the need of a hard fork.

  • Business-friendly smart contract platform
  • Qtum provides a standardized, stable and safe development environment for smart contracts, enabling business-friendly smart contract coding, deploying and executing
  • Credible decentralized application platform
  • Qtum is also a decentralized application platform, compatible with existing blockchain infrastructure, and is modularized so new technology can always be added.
  • Enterprise blockchain services
  • Qtum also provides customized solutions for enterprise clients

    Blockchain-enabled smart contracts that employ proof-ofstake validation for transactions, promise significant performance advantages compared to proof-of-work solutions. For broad industry adoption, other important requirements must be met in addition. For example, stable backwards-compatible smart-contract systems must automate cross-organizational information-logistics orchestration with lite mobile wallets that support simple payment verification (SPV) techniques. The currently leading smart-contract solution Ethereum, uses computationally expensive proof-of-work validation, is expected to hard-fork multiple times in the future and requires downloading the entire blockchain. Consequently, Ethereum smart contracts have limited utility and lack formal semantics, which is a security issue.

    We discuss the Qtum utility advantages compared to the Ethereum alternative and present Qtum smart-contract future development plans for industrycases applications.

    Details

    Public sales: Mar 12, 2017 - Mar 17, 2017
    Token supply: 101,774,444 QTUM
    Total tokens for sale: 51,000,000 QTUM
    Raised: 15,000,000 USD

    Legal

    Blockchain Platform: Ethereum
    Registration country: Singapore

    Token info

    Ticker: QTUM
    Token price in USD: 1 QTUM= 0.3 USD
    Accepted currencies: BTC, ETH
    Token distribution:
    Total supply is 100M coins and the inflation rate is about 1% per year (this may be slightly changed when they release the mainnet, but the inflation rate will be kept low). Distribution: - 80% of the tokens will be eventually allocated the community; - 20% will be allocated to the foundation initiator, early backers, and the development team. Ownership of tokens refers to the right to use the Qtum DApps and the blockchain.

    Qtum Roadmap

    1
    Testnet Release (June 2017)

    Potentially incomplete GUI, full RPC methods for contract interaction. Designed for developers, not consumers.

    2
    Mainnet release (September 2017)

    GUI for smart contract interaction in wallet. Stable RPC layer for developers.

    3
    Qtum integration and API release

    APIs for interaction with smart contracts for JavaScript, iOs and Android. Release of Qloha, a WeChat wallet for mobile use. Release of SpringMail, email integration for Qtum. Smart contract lifecycle management.

    4
    Extending Qtum for the future (2018 and beyond)

    Each extention will be formally evaluated and timeframe determined with community input guiding priorities. Adding new features and power to the Qtum AAL. First Class Oracles - Native Oracle support on the blockchain beyond standard smart contracts. Support of community projects built on Qtum.

    5
    New VM implementations on Qtum

    Adding new VMs beyond EVM. eSML, a new smart contract language with formal verification.

    Project team

    Patrick Dai
    Patrick Dai
    Co-Founder
    Neil Mahi
    Neil Mahi
    Blockchain Architect
    Jordan Earls
    Jordan Earls
    Core developer
    Miguel Palencia
    Miguel Palencia
    Yunqi
    Yunqi "Caspal" Ouyang
    Web developer
    Baiqiang Dong
    Baiqiang Dong
    Weiyu Qi
    Weiyu Qi
    Jun
    Jun "Codeface" Chen
    iOS Developer / Product Manager
    Huaming He
    Huaming He
    Wenbin Zhong
    Wenbin Zhong
    Yan Xuan
    Yan Xuan
    Howard Yeh
    Howard Yeh
    David Jaenson
    David Jaenson
    Stella Kung
    Stella Kung
    John Scianna
    John Scianna
    Brett Fincaryk
    Brett Fincaryk
    Natalie
    Natalie
    Mark Cen
    Mark Cen
    Bely
    Bely
    Danilo Shan
    Danilo Shan
    Phoenix Lu
    Phoenix Lu
    Susan Song
    Susan Song
    Mia Wu
    Mia Wu
    Tiya
    Tiya
    Shannon
    Shannon
    Alex Dulub
    Alex Dulub
    Antonio Saaranen
    Antonio Saaranen
    Anzhy
    Anzhy
    Yi Lv
    Yi Lv
    Zhen Li
    Zhen Li
    Alan Yu
    Alan Yu
    Rouzi Li
    Rouzi Li
    Shengji Chen
    Shengji Chen
    Qi Li
    Qi Li
    Alex Lee
    Alex Lee
    Isaac Lee
    Isaac Lee

    Advisors

    Roger Ver
    Roger Ver
    First Major Investor in Bitcoin Startups
    Weixing Chen
    Weixing Chen
    Founder of KuaiDi
    Xu Star
    Xu Star
    CEO at OKCoin
    Ash Han
    Ash Han
    Blockchain Evangelist and Angel Backer
    Jehan Chu
    Jehan Chu
    Jen Advisors Ethereum Hong Kong Meetup
    Lihua Yi
    Lihua Yi
    Partner at ZhongWo Investment
    Jeremy Gardner
    Jeremy Gardner
    Cofounder of Augur EIR at Blockchain Capital
    Anthony Di Iorio
    Anthony Di Iorio
    Founder of Ethereum CEO at JAXX Wallet
    Matthew Roszak
    Matthew Roszak
    Co-Founder of Bloq, Founding Partner Tally Capital
    Jeffrey Wernick
    Jeffrey Wernick

    Social media

    Qtum web-siteQtumYouTubeQtum BTCTalkQtum TwitterQtum FacebookQtum SlackQtum Github

    User rating:

    5/5 ( 1 )
    0

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