The Qtum Blockchain takes the existing blockchain ecosystem a level ahead by making smart contracts universally user-friendly and practically applicable thereby bridging the real world to the blockchain universe. Their blockchain allows folks to build businesses through a decentralised applications (DApp) platform which is compatible with both Bitcoin and Ethereum's ecosystem. Qtum is based on the Unspent Transaction Output (UTXO) model and uses the Ethereum Virtual Machine (EVM) to achieve the compatibility between Bitcoin and Ethereum creating avenues for industrial applications thus ensuring a widespread adoption at a much faster pace.
Qtum, a Singapore based blockchain company, successfully raised approximately $15,664,829 (i.e. about 11,156 bitcoins and 77,081 ether) in its crowdsale which lasted for 117 hours. Been able to sell its $10 million tokens in just 90 minutes with over 3700 people participating in ICO makes it the fourth most-funded cryptocurrency crowdsale and the eighth most-funded crowdsale of any kind.
Consensus Mechanism
Qtum addresses the inflexibility in consensus mechanism. It claims to be the world’s first cryptocurrency to execute smart contracts with a PoS consensus mechanism for the public blockchain. In the later phase of development, they plan to introduce the concept titled Incentive Proof-of-Stake (IPoS), which will bring in incentive reward mechanisms that take the estimation of online nodes into consideration.
Go mobile Strategy
Presently, smart contracts are accessible over PCs equipped with a high-end configuration which require downloading the entire blockchain data which can be tens of gigabytes in size. Downloading such enormous data on mobile devices reduces DApps’ feasibility on such devices. Currently, over 3.5 billion people, that is, roughly half of the world's existing population is using mobile internet services. Qtum's Go Mobile strategy aims to introduce blockchain technology to such masses allowing the technology to achieve its full potential. Also, their blockchain development team plans to set up a DApp store and to integrate blockchain technology, crypto-currencies and the existing Internet applications (e.g., WeChat, cloud services).
Qtum’s Associate Partners
The Qtum Foundation has partnered with BloqLabs as a foundational member, with the goal of bridging the gap between enterprises and open-sourced innovation. BloqLabs as launched by Bloq, a leader in the development of enterprise-grade blockchain solutions, is a research and testing center for blockchain technology working with the global business and open source communities.
Initially, seven companies are developing a business on Qtum's blockchain which includes Medibloc the first genuine healthcare information platform and Vevue, a platform for monetising digital content. Bodhi, a San Francisco based decentralised prediction market raised $10 million ahead of its ICO launch. Some other projects include Energo Labs which aims to create a Decentralised Autonomous Energy (DAE) community for the future.
Qtum to deliver parabolic returns
In the past three months, Qtum has showcased an impressive price increment of over 272.6% and is currently trading at $16.88 with a market cap of $993 million. It has about 59 million tokens in circulation with 24-hour trade volume being $128.84 million.
Let us take a closer look at the rally that Qtum displayed during its two beta releases, i.e. Testnet and Skynet.
Yesterday the Qtum team officially announced the release of its IGNITION (Mainnet) on September 13. It is quite evident from the screenshots above that Qtum has handsomely performed to exhibit a price rise before the launch of its two Testnet (beta) versions. Considering this, I can infer that Qtum has the potential to deliver parabolic, that is, 5x and 10x returns or even more ahead of its Mainnet release on crypto investments. With new alliance on the cards for Qtum, prices seem compelling each day and I believe right now would be a suitable time to invest in it and experience the benefits of another Neo type price rise phenomenon.
