Published on Feb 21, 2020
Qtum (pronounced "Quantum") is a blockchain technology and cryptocurrency.
The project is being developed by the Singapore-based Qtum Foundation. Its CEO is Patrick Dai.[1] The top few coin holders are believed to hold about 90% of the supply.
Smart Contracts that Mean Business
Qtum makes it easier than ever for established sectors and legacy institutions to interface with blockchain technology.
Create your own tokens, automate supply chain management and engage in self-executing agreements in a standardized environment, verified and tested for stability.
Qtum, in cooperation with its academic partners, develops tools and methods to standardize the workflow for business smart contract development. This includes the formally verifiable translation of human-readable agreements to machine smart contracts, and the error-resilient specification of their elements, terms and conditions.
Cooperating with a series of partners and third parties, Qtum aims to establish a smart contract hub, offering secure and thoroughly tested contract templates, tailor fitted for a multitude of industries and use cases, such as supply chain management, telecommunications, IoT, social networking, and many more.
Qtum extends Bitcoins 'Script' language so that it functions as a vehicle to transport code to Qtum’s version of the EVM. With this, it is now possible to execute smart contracts and run decentralized applications, simply and securely, in environments that were previously out of reach for turing-complete blockchains, combining the endless possibilities provided by smart contracts with the stability and maturity of the bitcoin ecosystem
