Qtum supports smart contracts and dapps like Ethereum but is built upon Bitcoin’s UTXO transaction model.
A team of Blockchain experts released a today the "Qtum Blockchain Economy Whitepaper", which outlines the Qtum Foundation’s structure, the Qtum blockchain, the development team, fund allocation, token distribution, and use cases.
The project is supported by some top investors, mainly from China, including: Anthony Di Iorio, Ethereum founder and CEO of JaxxWallet; Chen Weixing, billionaire founder of Kuaidi, one of the largest car riding services in China; Jeremy Gardner, co-founder of Auger and EIR at Blockchain Capital; David Lee Cuo Chuen, founder of Left Coast, Libai, and DLEE Capital Management; Bo Shen, General Partner at Fenbushi Capital; Jehan Chu, Managing Partner at Jen Advisor; Qingzhong Gao, Director of HuaWei Strategic Cooperation; Xu Star, OKCoin CEO; Lihua Yi, Partner of ZhongWo Investment; and Xiaolai Li, one of biggest bitcoin holders in the world and Blockchain Angel Backer.
Bo Shen commented to Finance Magnates: "I've been searching for a project that could be the foundation of a new blockchain economy. This is it, and this is the team I believe can make it happen."
According to the whitepaper, Qtum provides a turing-complete blockchain, able to execute smart contracts and decentralized applications, comparable to the Ethereum blockchain. However, in contrast to Ethereum, Qtum is built upon Bitcoin’s well-established UTXO transaction model and employs a proof-of-stake consensus scheme.
Patrick Dai is the Chairman of the Qtum Foundation. He was previously employed by Alibaba, and now committed to the blockchain technology development and research for a doctorate degree.
He said: “We are publishing this business whitepaper because we want the community to know we are serious. We are organized. Most blockchain projects lack this vision when they are starting, and it’s just another fundamental difference that will help make Qtum a success. Qtum’s goal is to be the most stable, user-friendly blockchain for individuals and businesses. We want people to know who they are working with, and who’s behind the code.”
The whitepaper specifies an array of services, designed to Bridge the still existing gap between blockchains and the business world, by allowing smart contracts to adhere to changing commercial rules and regulations consistently. They say these services will also enable Qtum’s smart contracts to efficiently interface with real-time data inputs from stock markets, weather forecasts, news agencies, and the like.
A team of Blockchain experts released a today the "Qtum Blockchain Economy Whitepaper", which outlines the Qtum Foundation’s structure, the Qtum blockchain, the development team, fund allocation, token distribution, and use cases.
The project is supported by some top investors, mainly from China, including: Anthony Di Iorio, Ethereum founder and CEO of JaxxWallet; Chen Weixing, billionaire founder of Kuaidi, one of the largest car riding services in China; Jeremy Gardner, co-founder of Auger and EIR at Blockchain Capital; David Lee Cuo Chuen, founder of Left Coast, Libai, and DLEE Capital Management; Bo Shen, General Partner at Fenbushi Capital; Jehan Chu, Managing Partner at Jen Advisor; Qingzhong Gao, Director of HuaWei Strategic Cooperation; Xu Star, OKCoin CEO; Lihua Yi, Partner of ZhongWo Investment; and Xiaolai Li, one of biggest bitcoin holders in the world and Blockchain Angel Backer.
Bo Shen commented to Finance Magnates: "I've been searching for a project that could be the foundation of a new blockchain economy. This is it, and this is the team I believe can make it happen."
According to the whitepaper, Qtum provides a turing-complete blockchain, able to execute smart contracts and decentralized applications, comparable to the Ethereum blockchain. However, in contrast to Ethereum, Qtum is built upon Bitcoin’s well-established UTXO transaction model and employs a proof-of-stake consensus scheme.
Patrick Dai is the Chairman of the Qtum Foundation. He was previously employed by Alibaba, and now committed to the blockchain technology development and research for a doctorate degree.
He said: “We are publishing this business whitepaper because we want the community to know we are serious. We are organized. Most blockchain projects lack this vision when they are starting, and it’s just another fundamental difference that will help make Qtum a success. Qtum’s goal is to be the most stable, user-friendly blockchain for individuals and businesses. We want people to know who they are working with, and who’s behind the code.”
The whitepaper specifies an array of services, designed to Bridge the still existing gap between blockchains and the business world, by allowing smart contracts to adhere to changing commercial rules and regulations consistently. They say these services will also enable Qtum’s smart contracts to efficiently interface with real-time data inputs from stock markets, weather forecasts, news agencies, and the like.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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