Qtum is an open-source blockchain project developed by the Singapore-based Qtum Foundation. It serves as a hybrid blockchain application platform, combining Bitcoin Core’s stability, the Ethereum Virtual Machine (EVM) for smart contracts, and a Proof-of-Stake (PoS) consensus mechanism tailored for business use cases.
Core Features of Qtum
- Hybrid Blockchain: Integrates Bitcoin’s UTXO model with Ethereum’s smart contract functionality.
- Account Abstraction Layer (AAL): Bridges EVM and Bitcoin’s transaction model for seamless compatibility.
- Proof-of-Stake: Energy-efficient consensus ideal for enterprise adoption.
- Mobile-First Design: Supports lightweight wallets and IoT applications via SPV protocol.
👉 Explore Qtum’s official resources
Getting Started With Qtum
Building Decentralized Applications (DApps)
Qtum merges Bitcoin’s reliability with Ethereum’s flexibility, enabling developers to create business-ready DApps with cross-platform compatibility.
Key Advantages:
- Stability & Modularity: Designed for real-world use cases.
- Mobile Support: Execute smart contracts via lite wallets.
- Backward Compatibility: Works with existing Ethereum contracts and Bitcoin gateways.
Smart Contracts for Business
Qtum streamlines enterprise blockchain adoption with:
- Standardized Workflows: Tools for verifiable smart contract development.
- Industry Templates: Pre-tested contracts for supply chain, IoT, and more.
How to Acquire Qtum
Wallets
- Desktop: Qtum Core Wallet (download from official site).
- Mobile: SPV-compatible lite wallets (e.g., QtumX).
Purchasing Qtum
Available on major exchanges:
- Binance, Bittrex, HitBTC
- Buy BTC on Coinbase and trade for Qtum.
Earning and Using Qtum
Earning
- Staking: Earn rewards via PoS participation.
- Trading: Active on 15+ exchanges.
Spending
- Merchant Adoption: Growing use in logistics, telecom, and finance.
- Crowdsale History: Initial 2017 token sale (51% public allocation).
FAQs
1. Can Qtum be mined?
No—Qtum uses PoS; tokens are earned through staking or trading.
2. Is Qtum compatible with Ethereum?
Yes, via its EVM integration and AAL technology.
3. What industries does Qtum target?
Telecommunications, supply chain, IoT, and decentralized finance (DeFi).
Resources
- Website: Qtum.org
- Github: QtumProject
- Community: Reddit, Telegram
Qtum bridges legacy systems and blockchain innovation, offering a scalable, business-friendly platform.