QTUM
No. 165Price
Markets
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1. Project introduction
Qtum is an open source Proof of Stake (PoS) 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.Building on Bitcoin’s UTXO model, the simple payment verification (SPV) protocol is supported by the Qtum codebase by default. As a result, it is now possible to execute smart contracts from lite wallets, which can be easily installed on any given mobile device.Qtum is compatible with existing Ethereum contracts as well as Bitcoin gateways, and will maintain backward-compatibility even if the system is updated.
In response to various problems in blockchain technology and industrial applications, the Qtum Chain development team united the community development forces, dug into the underlying technology, and developed and implemented a series of technologies through the "Value Transfer Protocol" upgrade and other innovative solutions to build a sustainable public blockchain.
2. Team introduction
Co-founder: Patrick Dai
Linkedin: https://www.linkedin.cn/incareer/in/patrick-dai-39278a108
Core Developer: Jordan Earls
Linkedin: https://messari.io/person/jordan-earls
3. Investment institution
Asymmetry Asset Management, Block VC, Blocktree capital, HyperChain capital, HASHED, Solidum capital, LD capital, etc.
4. Application and distribution
Total supply: 100 million
Token application:
Used as gas fee, to vote on proposals, staked to validate transactions.
Token distribution:
· 51% was allocated to crowdsale investors
· 8.0% was allocated to angel investors
· 12% were set to be gradually distributed to Qtum team members over a four-year period
· 9.0% were allocated to a marketing budget and released over a two- year period
· 20% was reserved for business development and also released on a gradual schedule
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