Cryptocurrency enthusiasts will have noticed that many changes are occurring outside of CoinMarketCap's "top 10". While it was rather difficult for altcoins to reach market capitalization of $ 1bn a year ago, things have taken an interesting turn in recent months. Many projects are now valued at billions of dollars, although some of them remain an absolute mystery for newcomers. Qtum, for example, is a very remarkable project, but there seems to be virtually no discussion of what his team is trying to accomplish.
What is the Qtum project?
There are many reasons why people are apparently unaware of projects that are not very useful at first. After all, every concept related to the blockchain has its own motto. Although this growth is rather spectacular, it also seems to blur the lines a little. Many projects are similar, but there are subtle differences to discover if you look closely. Qtum is not just another business-oriented blockchain project as it targets a very specific market. As a result, the project is currently valued at over $ 4bn, which is impressive.
The Qtum team focuses primarily on helping businesses build decentralized applications. Specifically, they seek to build solutions that can be run on mobile devices. All these applications must also be compatible with the main existing blockchain ecosystems. There are many business opportunities to explore with blockchain technology.
Construire une application décentralisée qui ne nécessite aucun système de confiance est beaucoup plus difficile que cela puisse paraître. Qtum utilise une infrastructure Bitcoin Core modifiée combinée à une version légèrement modifiée de la machine virtuelle Ethereum. En conséquence, les entreprises obtiennent la fiabilité de la chaîne de blocs de Bitcoin combinée à la technologie de contrat intelligent et à d’autres caractéristiques techniques d’Ethereum. L’accent est mis sur la stabilité, l’interopérabilité et la modularité du réseau de Qtum.
In addition, decentralized applications built with Qtum are designed to be compatible with major blockchain ecosystems. In addition, these applications support mobile devices and the Internet of Things, which is a smart approach for years to come. Mobile and IoT are indeed booming right now, and the use of blockchain-based solutions in these areas is inevitable (think for example of the rise of IOTA).
If we look at the current list of DApps running on the Qtum infrastructure, it's obvious that the developers are interested in what this platform can offer. With more than 20 DApps already available or under development, things are progressing well for Qtum. Some of the most notable applications include Beechat , Matchpool , Pundi X and Energo. These applications seem to address very different industries, although at different stages of development.
Like most other cryptocurrency, the Qtum nodal map shows a decent degree of decentralization. One thing some people might be concerned about is that South Korea accounts for nearly 1,000 of the 2,362 nodes currently. China adds 215 additional nodes, while the United States hosts 563 network nodes. All in all, this project seems to start well, but there is still work to Qtum. It is worth keeping an eye on this project, which has interesting potential despite its relative confidentiality among investors.
