Qtum

Qtum is a Singaporean based, open-source project that combines Bitcoin’s Unspent Transaction Output (UTXO) model with the Ethereum Virtual Machine (EVM). Qtum is a hybrid of the two, a value transfer protocol which can also support dapps and smart contracts.
Share:
Price
Basic
Initial release:
2017-03-01
Hash function:
SHA 256
Smart Contract Support:
Yes
Smart Contract Language:
Solidity
Consensus Mechanism:
Proof of Stake
Development Community:
Qtum foundation
Qtum101

What is Qtum?

Qtum is a Singapore based, open-source project that combines Bitcoin’s Unspent Transaction Output (UTXO) model with the Ethereum Virtual Machine (EVM). Bitcoin was designed to be a value transfer program, while Ethereum primarily a smart contracts platform. Qtum is a hybrid of the two, a value transfer protocol which can also support dapps and smart contracts. It is being developed by the Qtum Foundation.

How does Qtum work?

Qtum is built on a bitcoin core fork with modificiations. On top of the bitcoin’s chain, the Qtum Foundation built a layer of abstraction that combines several virtual machines that contribute different functionalities including the creation of smart contracts.

Qtum employs a proof-of-stake consensus mechanism and currently possess the following specifications:

  • Block time of ~120 seconds
  • Block size of 2MB
  • Maximum supply of 100 million

The aim of of the project is to provide solutions to businesses by combining the best parts of the Bitcoin and Ethereum protocols. With further development, the Qtum foundation aims to be able to market their platform to industries including: Logistics, finance, manufacturing and many more.

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Official Qtum Twitter
Bittrex - QTUM/BTC
Bittrex - QTUM/ETH