Qtum digital coin is a is an open source, decentralized project, hybrid blockchain application platform. Qtum’s digital coin has a a core technology combines a fork of bitcoin core also an Account Abstraction Layer (AAL) allowing for multiple Virtual Machines including the Ethereum Virtual Machine (EVM).It also makes use of Proof-of-Stake consensus aimed at tackling industry use cases. While QTUMs are the cryptographic software tokens used to engage with the Decentralized Application (DAPP) and smart contracts on the Qtum platform. QTUMs will also serve as the staking currency of the Qtum blockchain.
Qtum digital coin is first to implement a protocol based on both Bitcoin’s and Ethereum’s transaction models. Developers on either of the two blockchains (or their variants) can switch or port applications easily.Implementing the Bitcoin Improvement Protocols and using the Ethereum Virtual Machine provides stability.
Qtum has one of the most impressive and experienced team of backers and supporters the blockchain industry has seen in awhile. The success of platform technologies like Qtum, especially enterprise-oriented ones, will depend on business adoption.
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