Dear LOEx users: QTUM will launch on LOEx Global, and the specific time for opening QTUM/USDT trading pair are as follows: Withdrawal: 15:00, April 4(UTC+8) Deposit: 15:00, April 3(UTC+8) Trading pair: 15:00, April 2(UTC+8) Note: Please do not recharge in advance until the recharge time is opened. If there are abnormal recharge assets, there will be a risk of loss, and the loss of assets will be borne by the user.

Token introduction Abbreviation: QTUM Full name: QTUM Official website: https://qtum.org/zh Block query browser: https://qtum.info/ Coin introduction: Qtum Blockchain (referred to as "quantum chain" or "QTUM") is committed to developing a third blockchain ecosystem other than Bitcoin and Ethereum, through the Value Transfer Protocol to achieve point-to-point value transfer and based on this agreement, build a decentralized application development platform ("DApp Platform") that supports multiple industries (including finance, Internet of Things, supply chain, social, gaming, etc.). By merging an improved version of the Bitcoin core infrastructure and a compatible version of the Ethereum virtual machine, QTUM has both the indestructible blockchain network of Bitcoin and the unlimited possibilities of smart contracts. QTUM coins are used to access Dapp, token voting, community autonomy, application function consumption/payment.

Risk reminders: 1. The market price function was closed on the launch day of the coin and resumed on next day. 2. For new blockchain assets, users should pay attention to the risk of chasing high. 3. Digital assets are innovative investments based on the application of blockchain technology, which has a large risk factor. Please make sure you have made a careful decision after you have knew and understood the relevant knowledge of digital asset investment. 4. Users from countries and regions such as China and Singapore, in view of the possible changes in the global regulatory environment, please consult with the lawyers in your country and region before participating in the transaction in order to strictly comply with local laws. LOEx reserves the right to terminate the provision of services to users who may violate the relevant laws of the country and region at any time. 5. LOEx does not participate in any project's private placement, primary market raising, and lock position. We only provides a free digital currency trading platform, does not guarantee any value of our issuance, and is not responsible for compensation. After understanding the project content and the above risks in detail, please participate carefully within your own risk tolerance. If you cannot accept it, please do not participate. 6. LOEx supports and recognizes relevant regulations such as KYC / AML (Anti-Money Laundering) for users in the countries and regions that support operations. Please make sure that the source of the transferred assets is legitimate and the identity information is true and valid.

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LOEx Global April 1, 2021

Qtum (CURRENCY:QTUM) traded up 0.7% against the dollar during the 1 day period ending at 21:00 PM Eastern on January 5th. Over the last week, Qtum has traded up 13.1% against the dollar. Qtum has a total market capitalization of $251.81 million and $465.05 million worth of Qtum was traded on exchanges in the last 24 hours. One Qtum coin can currently be bought for about $2.58 or 0.00007563 BTC on major cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

About Qtum

Qtum Coin Trading

Qtum can be bought or sold on the following cryptocurrency exchanges:. It is usually not currently possible to buy alternative cryptocurrencies such as Qtum directly using US dollars. Investors seeking to trade Qtum should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Qtum using one of the aforementioned exchanges.

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Qtum Foundation, a Singaporean non-profit organization, created Qtum platform in 2016. The platform is designed to help companies or organizations create smart contracts while allowing users to do transactions like Bitcoin. Users are able to build apps and create smart contracts on the blockchain while managing transactions easily.

Since Qtum is an open source platform, users are able to modify the code so they can write smart contracts on top of it. As a result, there will be layers of applications running on the EVM. Ethereum has good blockchain mechanism, but the security isn’t impressive. Blockchain, on the other hand, is safer and more trusted. It’s only logical to combine both beneficial features within a single platform.

You can basically use debit card, credit card, or even PayPal to buy the Qtum (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Qtum as the exchange.

With cryptocurrency, things are different. You need to use debit card or credit card to buy the Ethereum or Bitcoin first. After you get the Ethereum or Bitcoin, you can convert it to Qtum. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.

In general, the process would be:

There is no better way to get started with cryptocurrencies than aiming high for the big boys. You have to buy your first shares of Bitcoin or Ethereum by creating an account at COINBASE. The best to do so is by creating a confirmed account in the platform and explore your options.

The site will ask for some basic information about yourself, make sure to tell the truth. Otherwise, you could face withholding of your investment. Make sure to type your name, your e-mail, and your password correctly. The stronger your password is, the safest your money will be. You will be asked to check your status as a living being using a re-captcha box and to agree to the terms of use of the platform.

That’s the first step in buying Qtum, once you get your Bitcoin or Ethereum, you can continue to the next step.

After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH from your Coinbase wallet.

With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations.

These are the best exchanges we can recommend for you to exchange BTC or ETH with Qtum:

Coinswitch is not exactly an exchange service, but more like an aggregator system that works with similar mechanisms as established exchanges. They allow the investor to get in touch with different exchanges and get all the information they need about the deals they offer for their listed digital currencies.

IMPORTANT! Once you are registered to any of the above, find the BTC/QTUM or ETH/QTUM trading pair and then place the order to buy those pairing cryptocurrencies. Go back to COINBASE and transfer/exchange your Bitcoin/Ethereum.

As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.

You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.

There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.

For Securing your Qtum (QTUM) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor

LEDGER NANO-X

TREZOR MODEL-T

Also Read:

You won’t be able to buy this directly with PayPal. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the Qtum. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.

You can’t buy it directly, you need to get bitcoin/ethereum first. buying BTC or ETH with cash you can do the following:

You can’t buy QTUM directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to Qtum. You can buy BTC/ETH with skrill by using these exchanges::

Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair BTC/QTUM and begin the transactions.

Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support ETH/QTUM trading pair.

The cheapest way is to use bank account to buy Bitcoins first or to buy the Qtum right away. The fastest way is to use a credit card but you will then be charged higher fees.

Once you have purchased the Qtum, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:

Securely trade on-the-go and manage a large number of assets at the same time, with only one device.

The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence.

Find a crypto exchange which allow pairing QTUM with BTC or ETH – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.

You can’t mine this actually. It has a completely different network and structure than the regular Bitcoin. The only way to own a Qtum is to buy it from a reliable exchange.

Qtum platform provides a functional and convenient place for business to create smart contracts in a safer way. By combining the best technology from Ethereum and the safety from Bitcoin, everyone can enjoy the offered features of this platform. Anyone interested in making a smart investment while managing digital smart contracts should consider this platform.

Qtum, a unique proof of stake (PoS) blockchain built on a Bitcoin-like UTXO mechanism, announces that its first decentralized finances instrument (DeFi) goes live in mainnet. QiSwap will onboard both QTUM and QRC-20 assets.

In accordance with the press release shared with U.Today, QiSwap, a pioneering decentralized exchange (DEX) based on the Qtum blockchain, goes live in mainnet. It will ensure a cutting-edge decentralized trading experience for QTUM and Qtum-based tokens (QRC-20 standard).

From day one, QiSwap will have its own automated market maker mechanism (AMM). The Qtum team stresses that the new service will have negligible fees, rapid transaction settlement and lucrative "yield farming" opportunities for QTUM and QRC-20 liquidity providers.

QiSwap (QI) token will be used by community enthusiasts as a governance token. Thus, the elements of self-governance will be implemented into the new DEX from its inaugural stage of operation.

The initial suite of trading pairs available on QiSwap will include QTUM-QC (Qcash), QTUM-qBTC (wrapped Bitcoin), QTUM-qETH (wrapped Ethereum) and QTUM-qFil (wrapped Filecoin). The entire smart contract ecosystem of Qtum is audited and stress tested by top-notch cybersecurity vendor SlowMist.

Other trading pairs will be activated two weeks after the Phase 2 launch. Then, QiSwap will collaborate with third-party exchanges to connect liquidity pools based on additional trading pairs.

On the fourth stage of the much-anticipated mainnet iteration, QI-based governance mechanisms will be activated.

Qtum (QTUM) is a fully-open-source blockchain that merges multiple virtual machines, including the world's most popular Ethereum Virtual Machine.

SINGAPORE, Nov. 19, 2020 /PRNewswire/ — Qtum, an open-source blockchain project that leverages proof-of-stake (POS) consensus and different virtual machines to power business-friendly smart contracts, has just moved one step closer to realizing its decentralized finance (DeFi) ambitions, with the completion of the QiSwap testnet phase.

QiSwap is a decentralized exchange protocol that is used to provide liquidity for QTUM and QRC20 assets based on automated market making (AMM) algorithms. Through QiSwap, anybody will be able to create new markets, provide liquidity, and build DeFi applications on top of Qtum that were previously not available. 

By leveraging the Qtum blockchain, QiSwap is able to offer extremely low transaction fees, rapid transaction confirmation times, and an additional revenue stream for Qtum and QRC20 liquidity providers, who will earn fees with every completed trade. The platform will be powered by the QiSwap token (Qi), which will be used for community governance. 

Though QiSwap is an independent project, it is working in close collaboration with the Qtum team to ensure the synergistic development of the platform. 

Now, less than three months after the launch of the QiSwap public testnet, the product is set to move to its mainnet launch. On November 13, QiSwap will conduct phase 1 of the mainnet launch and the platform will go live with one trading pair: QTUM-QC. After this, the following schedule will apply:

QiSwap aims to target several major trading pairs first and foremost, including: Qtum-QC (Qcash); Qtum-qBTC (wrapped BTC); Qtum-qETH (wrapped ETH); and Qtum-qFil (wrapped Filecoin). At a later date, QiSwap users will be able to add their own custom QRC20 token pairs. 

The QiSwap smart contracts recently passed an audit by SlowMist, a prominent security audit and consulting platform, which has completed more than 800 audits of well-known smart contracts to date. Zero vulnerabilities were found, but a small number of enhancement suggestions were put forward—which the QiSwap team are considering for future releases. 

Qtum is an open sourced public blockchain platform that enables multiple virtual machines including EVM and soon, the x86 VM. Qtum is PoS based and boasts a Decentralized Governance Protocol (DGP) allowing specific blockchain settings to be modified by making use of smart contracts. The security and transparency of Bitcoin’s UTXO model combined with Ethereum’s EVM and a customized proof-of-stake mechanism provides stability and transaction finality.

QiSwap is the first fully decentralized protocol that automatically provides liquidity for QTUM and QRC20 assets based on automated market making (AMM) algorithms. Built on top of the Qtum blockchain, QiSwap benefits from extreme speed, transparency, and security, giving anybody a means to source and provide liquidity through one easy-to-access platform. 

Qtum, a project focusing on simplicity and superior client experience, is now running from the Google Cloud infrastructure distributed across the United States, Hong Kong, and Europe. 

Roughly a year after announcing and launching a proprietary software that could cheaply run on the cloud server, Qtum now says the cost of node deployment has been significantly slashed. 

Specifically, the blockchain project uses Google’s BigQuery for tracking transactions from within the Bitcoin blockchain. 

Besides, they also leverage the Compute Engine to host template pre-installed with services used to build new nodes, there is further enhancement of efficiency to processes that support smart contract development from Qtum’s marketplace offering first introduced in 2018. 

The Qtum marketplace allows developers to develop and run smart contracts.

In an update, the blockchain project said with the falling cost of node operating, update publication times have also been reduced from two weeks to four days while users can now easily track Bitcoin movements.  

Notably, by allowing node operators to launch directly from the Google Cloud, related costs have shrunk by 30 percent compared to when using other providers. At the same time, data transfer bills—costs related to on-chain tracking costs, is down 18 percent.

Commenting, Miguel Palencia, the Chief Information Officer of Qtum said:

Qtum said they turned to Google Cloud to meet the network’s stability, operational costs, data processing, and analysis requirements. 

Advising their move was the flexibility and robustness offered by Google, specifically, its dedicated fiber network connectivity.

The ambitious project wants to expand blockchain use cases into potent sectors like finance, gaming, the Internet of Things, as well as social networking. 

Qtum cites the transformative nature of blockchain and how it can be integrated into businesses, changing their fortunes. 

Qtum is an open-source Blockchain application of Proof of Stake (PoS). Qtum’s core technology incorporates a branch of Bitcoin Core, Account Abstraction Layer that enables multiple virtual machines, including the Ethereum Virtual Machine (EVM) and Proof-of-Stake consensus to address industrial use cases.

Qtum’s goal is to change the way that the application database is stored. Instead of centralized storage on a single server, applications running on the Qtum platform will be stored in databases like on the Blockchain.

Qtum Foundation is an organization based in Singapore, supporting the application of Qtum Blockchain. The organization is comprised of a wide range of developers, Blockchain and internet experts, including Neil Mahi and Jordan Earls, two veteran figures who have spent years working in the field of Cryptocurrency / Blockchain. The project started in March 2016, leading to a successful crowd sale a year later. More than 10,000 BTC and 72,000 ETH were raised in less than 5 days, making Qtum one of the largest projects in history with $ 15.6 million.

The Qtum project was developed by the Qtum Foundation in Singapore and started launching in March 2016. Qtum is a global project that aims to become a bridge between the BTC and ETH community, Qtum’s development team from around the world, in many different fields such as Blockchain, internet, cryptocurrency,  finance, business, .. some members have worked at big companies such as Baidu, Alibaba, Tencent, NASDAQ.

Members of Qtum

Qtum owns a strong workforce, loves the job and is extremely devoted. In particular, two prominent names like:

Anthony Di Iorio – Founder of the Ethereum brand Chen Weixing – Owner of Didi Chuxing

The Qtum-based Smart Contract is similar to the Smart Contracts you see with Ethereum and NEO, provided through Qtum when combined with Bitcoin’s UTXO used by the nodes to match and confirm Validation of transactions from its database.

Qtum brings these ideas together in Bitcoin’s Smart Contract along with other Smart Contracts to create opportunities for real-world blockchain use that many businesses have been patiently waiting for. Combining the modified Bitcoin Core’s infrastructure with a compatible version of the Ethereum Virtual Machine (EVM), Qtum consolidates Bitcoin’s Blockchain with endless possibilities provided by other smart contracts.

Qtum understands that improving the current blockchain technology and focusing primarily on introducing usable options for the business world is critically important to its success. The purpose of Qtum is to unite blockchains and the business world together.

Security is good: Qtum is considered by experts to include the advantages of Bitcoin and Ethereum. Therefore, the security of this currency is highly appreciated. From there, this can be a solid basis for investors to pour capital into.

It can be synchronized on most electronic wallets on smartphones today: This is another advantage to mention is the uniformity of this currency. They can synchronize data very accurately and securely on mobile phone wallets for all phone lines and operating systems.

Proceed with building a decentralized network: Qtum cryptocurrency is a clear money improvement, as it can have all the trust of the Bitcoin Blockchain and the potential of being governed by smart contracts. Besides, Qtum cryptocurrency has a pretty catch interface along with some utility features such as High stability in transactions; Interactions with high density and speed.

Qtum’s application adapts well to today’s trading operations: Qtum can adapt well to the key ecosystems of the Blockchain platform. Therefore, it can help the troubles that often occur on mobile platforms.

Qtum is based on Blockchain platform: So it allows you to create each person’s token, manage it yourself and check the terms within a standardized, stable scope.

You can check Qtum price here.

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Founder of Hcash

Founder of Collinstar Capital

Angel investor of 12 of the top 20 cryptocurrencies

Angel investor of Binance, ZB.com

Author of CCTV recommended blockchain bestseller: "Link to the Future"

Major shareholder of five publicly listed companies

CEO of HyperTech Group

Executive Director of CollinStar International

Star Crypto Investment Highlights include:

QTUM (19037% returns)

Aeternity (12,400% returns)

OmiseGO (8,047% returns)

Led the investment teams of several renowned blockchain investment companies such as Blockchain Ventures and Finovition Investments

Invited by the Australian Trade Council (Austrade) as a member of the Australian delegation to attend the 2017 Consensus Conference in New York (Consensus 2017)

Table of Contents Qtum tries to empower large organizations with the help of cryptocurrency and other blockchain-based solutions. It combines the smart contract functionality from Ethereum with security from bitcoin to create a comprehensive approach to blockchain technology. The project focuses on four elements as its competitive advantage: UTXO Model, Smart Contract Platform, Proof of Stake network, and Value Transferring. Qtum team consists of members from both Ethereum and Bitcoin communities. There are also former employees of big companies like Baidu, Alibaba, Tencent, and NASDAQ. Some of the most famous blockchain ecosystem players support this project with the help of traditional venture capitalists and executives from big Chinese companies. Qtum focuses on the economic principles of blockchain technology. It is a public platform that means other developers can use it for making blockchain-based products. The underlying security technology in this blockchain is UTXO or Unspent Output Transaction. Bitcoin blockchain used UTXO at first as a secure solution for handling transactions. The blockchain uses technology and combines it with other fundamental solutions of the tech world. Qtum blockchain can handle multiple virtual machines like EVM and x86 VM. This blockchain has revolutionary features like Decentralized Governance Protocol (DGP) and Proof-of-Stake based network. Therefore, specific settings like block sizes can be modified using smart contract solutions with no need for a hard fork or other solutions. Enterprises are the main focus area for this project. It provides them a platform for running smart contracts with business use cases in mind. Unita – previously named Qtum Enterprise and QtumX – is the private blockchain solution that focuses on businesses with Proof of Authority as the underlying protocol. The block producers in this private network are chosen by the blockchain owner. Qtum also provides a platform for software development based on standard blockchain infrastructure rules. Developing a decentralized application in this platform is similar to other public blockchain platforms. One of the essential features of this blockchain is its Abstraction Layer. The account abstraction layer makes it possible for developers to separate the application from the underlying protocol and add smart contract features to that in the future. The feature focuses on using the performance of the blockchain network and growing the application based on that. The UTXO runs on Ethereum Virtual Machine, and Qtum uses the Account Abstraction Layer to communicate between machines. Developers that make applications on the blockchain can use the Neutron middleware and x86 Virtual Machine. The system supports Rust programming language, one of the leading programming languages in the topic of security. The Proof-of-Stake network is powered by nodes around the world. It claims to be the third network considering full nodes (after Ethereum and Bitcoin). There are currently more than 2,000 Qtum full-nodes around the world that most of them are active in South Korea. Qtum tries to support its developer community as much as possible. All the development tools and components needed for blockchain-based solutions and apps are provided on the official website – even the source code. Besides, they run some bounty plans to incentivize developers in ongoing projects of the main blockchain like browser, wallet, translation, and other optimizations. Qtum has a main cryptocurrency like all other public blockchains. The underlying core code is based on the Bitcoin code, but the network has its cryptocurrency named QTUM. QTUM coin is the block reward that distributes in a lottery model between full-nodes, based on the amount of holding in the node wallets. QTUM is the 42nd cryptocurrency based on market cap. Many significant cryptocurrency exchanges support the coins, like Binance, OKEx, HitBTC, Huobi, Kraken, and Bitfinex. The token was launched in 2017 with the initial price of about $5. Qtum blockchain supports QRC20 tokens that are derivations from Ethereum’s ERC20 tokens. These tokens can be used within dApps. QRC20 transitions need QTUM coin as gas fees. The cryptocurrency itself was first an ERC20 token before the mainnet launch. Users can store QTUM coins in various supporting wallets. Although there are limited wallets for desktop users, multiple mobile cryptocurrency wallets support this coin. ABRA, AToken, Atomic Wallet, Bitpie, ColdLar, Edge, Exodus, Guarda Wallet, HyperPay, PlayWallet, QBao, SWFT, and Trust Wallet are some of them. Those users who prefer a desktop wallet can download the official Qtum Core wallet from the website. The desktop client is available for Mac, Windows (64bit only), and Linux. Downloading and installing the Core wallet creates a full node in the user’s computer. The official desktop wallets also support staking. There is also an alternative available for desktop users named Qtum Electrum, which is only available for Mac and Windows users. The project also has a web wallet qtumwallet.org. Those interested in hardware wallets can store their coin in Ledger or Trezor wallets, too. Qtum ecosystem consists of multiple dApps in various categories. There are always ongoing dApps projects within the community, too. The dApps vary from smart contracts, coins, and medical sector solutions to traceability projects and energy focused products. There is also an explorer for block searches in this network, like many other blockchains. The qtum.info explorer provides other intel like block height, transaction volume, and total addresses, too. Qtum claims to be the first “UTXO-based smart contract system with a proof-of-stake (PoS) consensus model,” according to the whitepaper. It combines the Ethereum blockchain with Bitcoin, in simple words. Ethereum blockchain has many advantages for developing smart contracts but is vulnerable to hacks. So, the development team added fundamental concepts from Bitcoin, the more secure blockchain. On the other hand, using the Proof-of-Stake system as an alternative for Bitcoin’s Proof-of-Work makes it easier to generate a new block in the blockchain. Qtum plans for future (roadmap) consist of essential developments that focus on more industry adoption. Offline Staking, Phantom, and Neutron are main development projects in the roadmap.

The debut of QiSwap, its current partnership with Qtum, and its proposed future alliances may serve as one of the game-changers of the DeFi ecosystem.Emerging decentralized protocol QiSwap is set to launch its mainnet, three months after its public testnet went live. According to a press release shared with Coinspeaker, QiSwap has partnered with the Qtum blockchain to bolster its decentralized finance offerings, through Automated Market Maker (AMM) algorithm.According to the release shared, the Qtum blockchain with its business-friendly smart contracts will seek more flexible DeFi offerings by tapping into the liquidity provisions that is offered by the QiSwap protocol.“By leveraging the Qtum blockchain, QiSwap is able to offer extremely low transaction fees, rapid transaction confirmation times, and an additional revenue stream for Qtum and QRC20 liquidity providers, who will earn fees with every completed trade,” the shared release reads. “The platform will be powered by the QiSwap token (Qi), which will be used for community governance.” While both QiSwap and Qtum are independent DeFi focused projects, both are working hand in hand to enhance each other’s platforms. With QiSwap, users will be able to “create new markets, provide liquidity, and build DeFi applications on top of Qtum that were previously not available.”Following the launch of the QiSwap mainnet, the other notable events that will follow include the launch of the QiSwap token and economic model, with the addition of new trading pairs besides the QTUM-QC trading pairs launched at mainnet. In addition to this, the project will cooperate with notable exchanges and expand the network’s partners for more market access and the governance contract for the Qi token will be launched at a later date, enabling community governance of the QiSwap protocol.QiSwap aims to advance its reach in the AMM market space that is currently dominated by the likes of Uniswap and SushiSwap by adding top trading pairs such as “Qtum-QC (Qcash); Qtum-qBTC (wrapped BTC); Qtum-qETH (wrapped ETH); and Qtum-qFil (wrapped Filecoin).” At a later date, QiSwap said its users will be able to add their own custom QRC20 token pairs.QiSwap Mainnet Launch: Another Advancement of DeFiThe launch of the QiSwap mainnet is another testament to the proliferation of unique decentralized finance offerings as is prevalent in the cryptosphere today. DeFi seeks to change every aspect of traditional finance and its associated marketplace by modifying every aspect of the market.There has been an increasing clamor and support for DeFi backed blockchain projects in recent times with Changpeng Zhao, the Founder and Chief Executive of the Binance exchange taking the lead as one of the key proponents of DeFi. CZ as he is fondly called has expressed interest in seeing more DeFi projects enlisted on Binance and this complements the long-term plans of the exchange to tag with DeFi projects.The debut of QiSwap, its current partnership with Qtum, and its proposed future alliances may serve as one of the game-changers the DeFi ecosystem is beginning to unravel. next Altcoin News, Blockchain News, Cryptocurrency news, News Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Thank you!You have successfully joined our subscriber list.Source: http://feedproxy.google.com/~r/coinspeaker/~3/ul3fPQmJ2LM/Share pSkypeRelated NewsTags: bolster, DeFi, launch, Mainnet, Offerings, Partners, QiSwap, QTUMPost navigationOasis Network Sees Mainnet Launch, Providing Loan And Genome Privacythe supply will increase by almost 5 million per yearCopyright © 2020 BitcoinEthereumNews.comTheme by: Theme HorseProudly Powered by: WordPress

Blockchain platform Qtum has announced a bumper $1M fund to spur third-party developers to create DeFi applications on Quantum Chain, as per a release on August 17.

The release stated Qtum’s architecture overlaps with Ethereum significantly; both networks use the EVM and Solidity programming language, making it easy for devs to jump ship. 

Qtum founder Patrick Dai announced the initiative and pledged up to $5 million in total if there is sufficient demand.

The token pumped by over 10% after the announcement, as interest for DeFi applications and networks in the crypto space has grown in the past few months.

Qtum said it has higher throughput and lower fees but lack Ethereum’s network effects and developer community. To solve this, Qtum’s DeFi fund will bootstrap development while giving Solidity programmers an incentive to migrate.

In a blog post on August 17, Qtum presented its case for being a more suitable framework for DeFi development. It listed a number of advantages that Qtum holds over rival chains including compatibility with ETH’s smart contract ecosystem.

Neutron middleware compatibility that enables other programming languages to be used to code smart contracts was also included. WASM, RISC-V, and the x86 virtual machine developed by Qtum can all be utilized on its UTXO-based blockchain.

While Qtum and Ethereum are bonded by the same EVM and smart contract language, there are some key differences between the pair, the release noted.

For one, Qtum uses the UTXO model that was popularized by Bitcoin, whereas ETH deploys an account-based system for tracking on-chain addresses. And two, Qtum is a PoS chain, while Ethereum’s transition to Proof of Stake is still a work in progress. 

However, features unique to Qtum include a Decentralized Governance Protocol (DGP) that enables specific blockchain settings, such as the block size, to be modified by making use of smart contracts, said the release.

Switching some of that business to faster, more scalable chains will bring relief to DeFi while users frustrated by being priced out of interacting with decentralized finance while freeing developers to deploy applications that are not constrained by throughput and gas costs.

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Algorand could see another sale as the 200-SMA planned to pass over the 20-SMA. Finally, STEEM was well on the Read more

The cryptocurrency industry has had to face increased bearish pressure over the past week, and with bitcoin slipping to the Read more

Stellar Lumens climbed to the supply region at $0.42, while Algorand sought to flip the $1.01-level to help it. This Read more