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Qtum (QTUM)

Disclaimer: The information provided in this report is based on data gathered on August 10, 2024. Due to the dynamic nature of the cryptocurrency market, please be aware that some details may have changed since then.

Qtum (QTUM) Research Report

Project Introduction and Brief Summary

Qtum is an open-source, public blockchain platform that combines the strengths of Bitcoin’s UTXO model with the flexibility of Ethereum’s smart contract capabilities. It aims to bridge the gap between different blockchain ecosystems, fostering interoperability and enabling a wider range of decentralized applications (dApps).

Project & Token Release Dates

  • Project Release Date: March 2017
  • Token Release Date: August 2017

Market Data

  • Market Capitalization: $181,569,643
  • Current Price: $2.40
  • Exchanges: Binance, OKX, Huobi Global, Coinbase Exchange, KuCoin, and others

Competitors

  • RSK (RBTC): RSK is a smart contract platform secured by the Bitcoin network, enabling developers to create dApps on Bitcoin.
  • Syscoin (SYS): Syscoin is a blockchain platform that offers a scalable, decentralized marketplace and a bridge to Ethereum.
  • Verge (XVG): Verge is a privacy-focused cryptocurrency that aims to provide fast and anonymous transactions.

Use Cases

Qtum’s hybrid design and focus on interoperability make it suitable for a variety of use cases, including:

  • Decentralized Finance (DeFi): Qtum supports the development of DeFi applications like decentralized exchanges, lending platforms, and stablecoins.
  • Supply Chain Management: Its ability to track and verify assets on the blockchain makes it useful for transparent and efficient supply chain management.
  • Gaming: Qtum’s smart contracts can be used to create provably fair and transparent gaming experiences.
  • Enterprise Solutions: Qtum’s focus on stability and security makes it attractive for enterprise blockchain adoption.

Technology

Qtum utilizes a unique Account Abstraction Layer (AAL) that allows it to combine Bitcoin’s UTXO model with Ethereum’s EVM. This enables the execution of Ethereum smart contracts on the Qtum blockchain, while also benefiting from Bitcoin’s security and stability. Additionally, Qtum employs a Proof-of-Stake (PoS) consensus mechanism, which is more energy-efficient than Proof-of-Work (PoW) used by Bitcoin.

Smart Contracts and Audits

Qtum supports smart contracts written in Solidity, the same language used on Ethereum. The project has undergone multiple security audits to ensure the safety and reliability of its smart contract functionality. The audit reports can be found on the Qtum website.

Investors and Partners

Qtum has established partnerships with various organizations, including:

  • Amazon Web Services (AWS): Qtum is available on the AWS Marketplace, making it easier for developers to deploy and manage Qtum nodes.
  • Google Cloud Platform (GCP): Qtum is also integrated with GCP, providing another option for developers to build on the Qtum platform.

Recent news reports indicate Qtum’s active involvement in the blockchain ecosystem, with collaborations and partnerships focused on expanding its reach and adoption.

Fundraising

Qtum raised approximately $15.6 million during its token sale in 2017.

Token Distribution

  • 51% – Sold during the token sale
  • 20% – Qtum Team & Early Contributors
  • 15% – Qtum Foundation
  • 8% – Business Development
  • 6% – Academic Research

Token Economics and Vesting

QTUM is the native cryptocurrency of the Qtum blockchain. It is used to pay for transaction fees, execute smart contracts, and participate in the PoS consensus mechanism. The token vesting schedule for the Qtum Team & Early Contributors allocation is designed to ensure long-term commitment to the project. Specific details about the vesting schedule can be found in the Qtum whitepaper or official documentation.

Roadmap

Qtum has achieved several significant milestones, including the launch of its mainnet, the implementation of its PoS consensus mechanism, and the development of various tools and features for developers. Upcoming milestones may include further enhancements to scalability, interoperability, and the development of new dApps on the Qtum platform. For a detailed and up-to-date roadmap, it is recommended to visit the official Qtum website.

Team Members

The Qtum team consists of experienced professionals with diverse backgrounds in blockchain technology, software development, and business. Key team members include:

  • Patrick Dai – Co-Founder (LinkedIn profile)
  • Jordan Earls – Co-Founder (LinkedIn profile)
  • Stella Kung – CMO (LinkedIn profile)
  • Brett Fincaryk – Qtum Chain Captain (LinkedIn profile)

References

Note: For further information and the latest updates on Qtum, it is highly recommended to visit the official Qtum website and explore its various resources.

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