QTUM (QTUM): The Ready-Made Blockchain for Business
QTUM QUICK STATS
|CREATION DATE:||December, 2016|
|DEVELOPMENT STAGE:||Full Release|
|BLOCK TARGET:||2 Minutes|
QTUM is an innovative platform that builds and separates the settlement and computation layers of blockchain to allow for greater flexibility. In doing so, QTUM’s stacked approach enables multiple virtual machines or run environments to operate on top of the blockchain.
The QTUM Blockchain is committed to developing an open source ecosystem for the blockchain community different from that of Bitcoin and Ethereum. It utilizes a Value Transfer Protocol to achieve the transferring of value from peer-to-peer and to build up a decentralized application platform, which brings blockchain technology into the financial services, Internet of Things, supply chain management, social media, gaming, and other industries.
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How it Works?
QTUM is about to revolutionize the way smart contracts are viewed, developed, and used. QTUM will be the first blockchain platform to allow next-gen DAPPS become a reality. Developers will be able to build smart contracts for QTUM using mainstream languages.
QTUM employs a decentralized governance protocol allowing for blockchain parameters like the block size, block time, gas schedules, and the minimum gas price for contracts to be modified without requiring a fork. This allows even more people to be able to use and participate in the platform.
Additionally, the QTUM team is working diligently on lightning networks & payment channels to pave the way to over 20,000 transactions per second.
Why Choose QTUM?
QTUM’s innovative technology, comprehensive governance structure, and board applications gives it the advantage over Bitcoin and Ethereum as a public blockchain. The QTUM Blockchain is a very promising blockchain ecosystem as it perfectly combines the advantages of Bitcoin and Ethereum and addresses the inherent problems of existing blockchain systems.
QTUM employs a proof of stake consensus protocol that allows anyone with as little as one qtum to help secure the network. From QTUM’s consensus algorithm to their support of the Simple Payment Verification protocol, their goal is to keep the network decentralized and bring smart contracts to everyone, including new clients that aren’t as involved in the community.
QTUM is committed to create a globally influential open source community by cooperating with other blockchain communities, third-party developers, and technical innovations. The ultimate goal of QTUM is to bring blockchain technology into finance, social media, gaming, and other industries.
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