Qtum (QTUM)

A general overview of Qtum (QTUM), its idea and features.

The Qtum project tries to solve two problems: technical and economic. Honestly to understand what technical problem developers want to solve, it is necessary to have serious knowledge base and understanding of the blockchain technology, therefore let's make it simple and pass to economic problem. But it is rather not a problem, but the purpose — to bring blockchain technology to finance, social networks, a gaming, the Internet of things and others.

The main advantages of Qtum's blockchain is master-contracts that will use ‘off-chain’ and ‘on-chain’ contracts. Now we will try to explain differences between them. Ethereum blockchain uses information which is already on the blockchain and it is limited, the real world much more widely and more variously than just information in a chain. In business there is a lot of information which can change data, after process start, so it is necessary to receive this information online.

For example: you ordered a delivery from China. The producer has collected your order, brought him to the port and sent to you. As soon as the carrier received item in port, you can pay for it. But for this purpose this information has to arrive in a blockchain. Qtum's blockchain helps to solve this problem with the help of "on-chain". Now it's more clear how useful is this function?

It is also worth noting that Qtum has quite strong team of the project in which gathered representatives of China and Europe. The company is called QTUM Blockchain Foundation and is registered in Singapore.

Website: qtum.org

Whitepaper

QTUM

QTUM
Price
2.61 USD 1.05%
0.00065090 BTC -0.17%
Volume, 24h
91,660,116 USD
-15.71%
Marketcap
232,033,999 USD
0.17%
Emission

Related news

BMW, Intel And Nielsen To Boost Blockchain Through Tribe Accelerator

Tribe Accelerator, the first blockchain accelerator to be backed by the Singapore government, has just announced strategic partnerships with BMW, Nielsen, and Intel Corporation. The incubator and startup accelerator hopes to leverage the capital, capabilities and resources of the three major corporations to aid the growth of smaller, technological innovative companies. In a press release, Tribe Accelerator said: “Tribe Accelerator is focused on laying the right foundations for the participating startups, and one of the best ways to do so, is to source for, and secure strategic partnerships with companies that have complementary capabilities, and the resources to push for a breakthrough in the industry.” The initiative is confident the long term prospects of blockchain are strong enough to merit full commitment and support from marquee businesses around the world. Ryan Chew, Managing Partner of Tribe Accelerator said: “We have a vision of how the technology – an enabler of cross sector innovation with transformative potential-can be beneficial in the everyday lives of people. To move forward as a society, we need to encourage experimentation, and once the benefits of blockchain technology become evident, mainstream adoption will undoubtedly follow.” Each of the three new partners is expected to work within its own set of vertical industries to lend expertise, knowledge, and technical mentorship to participating startup companies. Tribe Accelerator has closed the page for evaluating applications from project teams for its first batch of incubated companies, but pledges to open up again in April 2019. The building of a decentralized mainstream ecosystem is underway. Major companies in virtually every industry are leveraging, experimenting with, or actively developing blockchain solutions and projects… and organizations like the EEA, Starfleet Accelerator and Tribe Accelerator are paving the way for the mass adoption of a tokenized economy as a whole.   The author is invested in digital assets Join the conversation on Telegram and Twitter! The post BMW, Intel And Nielsen To Boost Blockchain Through Tribe Accelerator appeared first on Crypto Briefing.
CryptoBriefing

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.