Top 5 reasons Qtum Is Up
Qtum is one of the newest open-source Blockchains projects that has been developed by Qtum Foundation out in Singapore. Qtum is a unique due to its being a sort of hybrid between a Bitcoin and its ability to be used in industrial applications. It provides a robust environment for developers while operating on a familiar foundation.
Qtum is panning out to be a successful Blockchains platform for businesses, with development efforts allowing it to be marketed in several niches, like mobile telecommunications, counterfeit protection, and even for manufacturing logistics.
Why Qtum Is Up Today
- Qtum’s New Partnership to Launch China’s First Blockchain Hub
On January 9, 2018, the Qtum team announced a collaboration project with the 360 Blockchain Research Center and the New Bitcoin (BTN) Foundation with the goal to “promote the development and commercialization of blockchain technology.”. Their combined efforts should yield an innovative blockchain laboratory in the heart of China.
- Qtum and Account Abstraction Layer. Account Abstraction layers enable the Bitcoin core Blockchains to interact with the EV M – or the Ethereum Virtual Machine. This allows Qtum to execute contracts and run decentralized applications in an environment that was formerly out of reach. It combines the capacity of smart contracts with the stability of the Bitcoin ecosystem, making Qtum one of the more accountable methods.
- Qtum, unifier of Bitcoin/Ethereum. There is also a scenario where simply the founders of Qtum has allowed it to receive marketing and financial clout. Patrick Dai is one of the co-founders of Alibaba, with Qtum founding members coming from Baidu and Tencent, one of the influential companies throughout Asia. Interestingly enough, Qtum won’t compete directly with Ethereum, but instead acts as a branch to unify Bitcoin and Etherum.
- The UTXO Transaction Model Is Proven Effective. Qtum builds off of Bitcoin’s UTXO model, which is a straightforward payment verification system that is used by Qtum’s processing protocol. This enables Qtum complete smart contracts from even lite wallets, which can then be a leeway for the installation of other peripheral mobile devices. It represents an opportunity for decentralized mobile applications, allowing Blockchains to be a significant player in mobile Internet traffic.
5 . Qtum is going up due to its flexibility. Qtum represents the meetings of emerging Blockchains technologies, with the flexibility, anonymity, and robust scalability of Blockchains. It’s a move that is migrating average consumers of cryptocurrency to a more portable platform via mobile apps.
Qtum is mostly traded in Asia, allowing it to operate under the radar in the US from others for quite some time. Even though it is a burgeoning platform that is attracting attention, it has the potential to become an authority in Blockchains technology.