Qtum serves as a decentralized ecosystem that supports smart contracts and decentralized applications (dApps), while also preserving the security and stability of the Bitcoin network. The platform's goal is to bridge the divide between the Bitcoin and Ethereum blockchains, allowing developers to create applications that utilize elements from both platforms.
Company Details:
- Founders: Jordan Earls, Patrick Dai, Neil Mahi
- Founded: 2016
- Headquarters: Singapore
Key Features:
- Allows for the execution of smart contracts, ensuring that the simplicity and security of the Bitcoin ledger system are preserved.
- Uses a Proof-of-Stake (PoS) system that allows token holders to stake QTUM tokens to gain rewards and help secure the network.
- It supports low-cost transactions and smart contract processes, making it ideal for corporations and dApp developers.