Qtum Quantum Chain is a blockchain platform that combines the advantages of Bitcoin and Ethereum. The following is a detailed introduction to Qtum Quantum Chain:
Basic Concepts:
Qtum was founded in 2016 and released by the Qtum Foundation. It is an open source blockchain platform.
It combines Ethereum's smart contract functionality with Bitcoin's UTXO accounting system through account abstraction layer technology1.
Technical Features:
Dual-layer blockchain architecture: Combining the security of Bitcoin and the flexibility of Ethereum's smart contracts.
Proof of Stake Consensus Mechanism: Adopts MPoS (mutual proof of stake) to promote decentralized governance.
Smart Contract Compatibility: Supports Ethereum Virtual Machine (EVM), allowing developers to create dApps using the Solidity language.
Applications and Ecosystem:
Qtum supports a variety of decentralized applications (DApps), such as Qbao, Vevue, etc.
It is committed to promoting the productization of blockchain technology and improving the ease of use of the blockchain industry through mobile terminal strategies.
Current Status and Future:
The Qtum team continues to develop new technologies, such as hard forks and the introduction of new token standards, to promote the development of the platform5.
It also establishes cooperation with other blockchain projects, enterprises, etc. to expand its application areas.
Please note that there are risks in investing in cryptocurrencies, and it is recommended to make decisions after fully understanding the relevant risks.
