On March 5th, Qtum Quantum Chain (QTUM) has been launched on HotsCoin. Qtum Quantum Chain (QTUM) is a smart contract platform based on the PoS consensus mechanism. It implements its network based on Bitcoin and integrates Ethereum in its stack. EVM) to support decentralized applications (dApps). The report provides an in-depth exploration of Qtum’s basic information, token information, key events, and team background in order to provide investors with a comprehensive understanding and decision-making support. QTUM is currently open for trading on HotsCoin.
1. Basic information:
Qtum Quantum Chain is a smart contract platform that adopts the PoS consensus mechanism and uses Bitcoin core as the basis to implement the operation of the UTXO model. In addition, Qtum also integrates the Ethereum Virtual Machine, enabling it to support smart contracts and decentralized applications. Qtum’s native token (QTUM) has multiple uses within the network, including network transaction fees, network security management, and voting on protocol upgrade proposals.
Token information:
Circulation market value: $582,259,232.044
Fully diluted market cap: $599,303,963.54
Circulation volume: 104,755,842 QTUM
Total supply: 107,822,406 QTUM
Total funding raised: $16.6 million
Key events:
2017-09-13: Qtum quantum chain is online on the mainnet
2017-03-16: Qtum completed US$15.6 million in financing through ICO
2017-01-09: Qtum completed US$1 million in financing
2. Technological innovation:
Qtum quantum chain has made multiple innovations in technology to meet the needs of commercial applications:
Smart contract function: Qtum achieves compatibility and conversion between the UTXO model and the EVM virtual machine by designing an account abstraction layer, allowing developers to use smart contracts for more commercial applications.
Consensus mechanism: Introducing the reciprocal proof of rights mechanism (MPoS), redesigning the consensus mechanism, improving efficiency and reducing energy consumption, making mining more environmentally friendly.
Distributed governance: The introduction of a voting mechanism gives every participant in the network the right to speak and vote through weight, which solves the shortcomings of the Bitcoin and Ethereum governance mechanisms.
3. Team background:
Shuai Chu, the founder of Qtum Quantum Chain, holds a doctorate from the Chinese Academy of Sciences. He and his team conducted in-depth research on blockchain technology and founded Quantum Chain in 2016. Team members are distributed in 9 countries, including the experience of low-level developers covering well-known technology companies such as Tencent and Baidu. The multinational nature and diversity of the team provide solid technical and management support for Qtum's development.
4. Future Outlook:
Qtum’s innovations in technology and governance lay the foundation for its future development. As global business application scenarios shift to mobile devices, Qtum's mobile-oriented strategy will further promote its competitiveness in the market. There are already more than ten projects under development in the project's test network, including Energo Labs, Molian, Bodhi, etc., which have accumulated rich experience for Qtum's future commercial applications.
in conclusion:
Qtum Quantum Chain has attracted widespread attention with its unique technical architecture, team strength and future vision. However, investors should be aware of the risks in the blockchain industry, especially as technology competition becomes fierce. Before making investment decisions, investors are advised to have an in-depth understanding of the latest developments in the project and the market environment in order to make wise investment decisions.
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