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Qtum

QTUM

  • Layer1
  • Infra
Established Year
2016
Headquarter
Chinese Mainland
Operating Status
Active
Qtum is a smart contract platform that uses a Proof-of-Stake (PoS) consensus mechanism to validate transaction blocks and provide security assurances. It uses Bitcoin core as the base of its network for security and stability reasons and thus operates via a UTXO model. The project has also integrated Ethereum's virtual machine (the EVM) so that the chain can run Turing complete code needed to support smart contracts and decentralized applications (dApps). Qtum's stack includes a middleware layer, called the Account Abstraction Layer (AAL), to ensure compatibility between the UTXO set and the smart contract execution layer. The Qtum native token (QTUM) allows users to pay transaction fees, participate in network security, and vote on protocol upgrade proposals.

Organisation

Team

Financial Portfolio

Funding

ICO
0 Investors
$15.6 M

    Investment

    Web3Labs
    Web3Labs
    		N/A
    $2 M
    Lumoz
    Lumoz
    		Seed
    $4 M
    xDeFi
    xDeFi
    		Private
    Millions
    Cypherium
    Cypherium
    		Private
    $24 M

    Frequently Asked Questions

    What Is Qtum (QTUM)?

    Qtum (pronounced ‘“quantum”) is a [proof-of-stake](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos) (PoS) smart contract open-source blockchain platform and value transfer protocol. It aims to bring together the strengths of [Bitcoin ](https://www.coinlive.com/coin/bitcoin)and [Ethereum ](https://www.coinlive.com/coin/ethereum)in one chain. Qtum is built on Bitcoin's UTXO transaction model, with the added functionality of smart contract execution and [DApps](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps). Recently, the platform added support for DeFi applications. As of March 2021, there are more than 20 tokens created on the Qtum blockchain. To learn more about this project, check out our deep dive of [Qtum](https://coinmarketcap.com/alexandria/article/what-is-qtum). The project was announced in March 2016 and held an ICO a year after, in March 2017, which brought its founders $15 million USD. The Qtum main chain was released on Sept.13, 2017. Initially, the Qtum coin was issued as a ETH-20 token, but with the launch of the mainnet, it was converted to native blockchain.