Thailand — A Qtum AdventureThis past week, part of the Qtum team ventured to Thailand to share our knowledge of blockchain technology with local citizens, businesses, and government officials.
No matter where you go, people always illustrate some sort of patriotism. Thailand was no different. The Thai people were extremely open to finding out how blockchain technology could benefit them and their country.
In Thailand, Energo Labs CEO, Ray Chu, and Energo angel backer Bo Song, along with Qtum met with several institutions to enlighten people about the opportunities at hand.
We had lunch with Korn Dabbaransi, a former deputy prime minister of Thailand, and his son Ko Dabbaransi. The two were very open about the need to innovate and accelerate Thailand’s growing economy with blockchain technology and Qtum.Korn Dabbaransi & Patrick Dai Mr. Dabbaransi, who often speaks about the economic benefits of the One Belt One Road in Asia, immediately saw how blockchain technologies like Qtum could be synergistic to these multinational efforts.
After lunch, Mr. Dabbaransi introduced Qtum to several representatives from Krungsri Bank. Krungsri, who is a member of MUFG’s global financial group, was very aware of distributed ledger technologies because MUFG is a member of Ripple’s Global Payments Steering Group.Qtum at Krungsri Realizing how Qtum and Energo could assist in several projects that the Thai people were interested in, our teams were invited back to continue our discussions and to make progress towards our shared visions.
Given that the blockchain community was relatively small in Thailand, there’s large potential for Qtum. This is why we plan to setup some partnerships with local universities and establish a blockchain research center. We believe these long-term initiatives will benefit Thailand and Qtum.
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Almost 10,000 Qtum addresses while we're an ERC20 Token. 2 weeks ago this number was really low Nice! Does that include exchange accounts? Or are exchange accounts counted as 1 account per exchange? Exchanges normally use hot wallets, meaning the coins/tokens you 'own' are just an entry in a database. Your account ID in the database shows that you own the tokens, and they belong to a larger address owned by the exchange wallet. When you generate a new deposit address on the exchange and use it, then yes, a new address is created. On another note, there will be a livestream of our Korean meetup tonight in Seoul, we will use Facebook: http://www.facebook.com/blockchainkoreameetupThis starts at 7:30pm Seoul time (90 minutes from this posting) but Facebook should record it if anyone wants to watch but can't make it. |
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Almost 10,000 Qtum addresses while we're an ERC20 Token. 2 weeks ago this number was really low
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Update:
There are 10 projects building on the Qtum Blockchain, one of them just finished their crowdsale:
http://energolabs.com
From:
https://blog.energolabs.com/2017/08/03/energo-labs-ico-closes/
Energo Labs’ ICO, which launched on July 25, officially closed on August 1, running for a total of 7 days.
Crowd-selling platforms had different targets that were met on different dates, with the earliest closing an hour after our ICO was launched. Our ICO target of selling 510,000,000 TSL was met earlier than the anticipated deadline.
In total, 500 BTC and over 1 million Qtum tokens were raised.
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These next few weeks will be critical for anyone watching the Qtum project, we will be making some big announcements leading up to our Main Network release late September.
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Qtum Update:We met with Charles Xue in Shanghai the other day, an Angel Investor who has done well in his career, especially in the Chinese mobile telecommunications market. He has 12 million followers on social media, notably on Sino Weibo:
http://weibo.com/charlesxue?refer_flag=1001030103_&is_hot=1#_rnd1502241532738
This is what he had to say about us:
"I've met dozens of Chinese and international Blockchain projects lately, and the Quantum Blockchain is by far one of the most innovative. First off, after meeting Patrick I realized he was under 30 years old, and found him to be very intelligent. He was humble, unlike a lot of entrepreneurs that are greedy. He has done a great job dealing with large organizations.
The second part is tricky to explain, they strive to expand into different markets, there is so much opportunity for this industry.
Finally, this is the right time for Blockchain. After years of market cultivation, the role of this technology has spread. Digital currency users have greatly increased, gradually becoming more mainstream. I think we're at the phase where we can can call this phase "Blockchain Plus", where we will see the biggest portions of growth. Traditional industries like: Financial, insurance, health care, retail, and so forth will really start to utilize cryptocurrency soon. I think the best times are ahead of us, and looking forward, Quantum is going to play a part in changing the world."
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Update: CHBTC to list Qtumhttps://www.chbtc.com/i/blog?item=1712(google translated text)CHBTC Announcement On QTUM Quantum Chain Trading On Line Published: 2017-08-07 19:00 Keywords: QTUM, Quantum Chain Dear CHBTC customers: CHBTC will be open QTUM quantum chain recharge business, 8 Yue 8 Ri 14:30 officially open QTUM web client transaction, APP end and then on the line. The QTUM Quantum Chain is the first POS smart contract platform based on the UTXO model and is dedicated to the development of a third block chain ecosystem outside of the Bitcoin and the Ether Square, which is an open source block chain technology protocol designed to Internet-based value transfer protocol and future distributed application platform can be used free of charge by consumers and developers and companies around the world. Based on QTUM quantum chain intelligent contract can be seamlessly connected real life and block chain world, and can be widely used in finance, games, cloud services and other industries. Has now become China's largest and most valued block chain open source project (valuation of nearly 1 billion dollars), also attracted more than 20 countries around the world 's attention. QTUM owns a very experienced international team, team members have many years of experience in the industry chain block, cryptography and virtual currency communities. We with the letter QTUM team will QTUM quantum chain to a new height. CHBTC is looking forward to working with the QTUM community to jointly promote the chain of open source project innovation and business floor.
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Now this thread is trolls free that is great achievement and this project is moving towards a brighter future. This is my best investment ever I believe soon it will get more attention from big investors because it will bring revolutionary change. Good to read the latest update from dev.
Rumor has it that them trolls are still watching this thread.  Gleb, you are our favorite troll, stay classy, and never change please. Unless it's one of the four flat tires that needs changing. what are the staking rewards like with Qtum?
The staking rewards will be 4 Qtum Tokens, with a block target of 2 minutes. the rewards will reduce every year, until they are 1 Qtum per block. We haven't decided yet whether we will go lower than 1 token per block, but it will take years before that comes into effect. Inflation should effectively hover around 1% for the first year, and decrease as time goes on. |
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qtum support the new blockchain 8mb of bitcoin cash?
Bitcoin Cash is a completely different blockchain. The code base is very similar to Bitcoin Core, which is one of the major components of Qtum. We use Segregated Witness with a 2mb block size, and a 2 minute block target. This should make us just as scalable (or a lot more so) than 8mb block size every 10 minutes. |
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Update:https://medium.com/@Qtum/qtum-foundation-becomes-newest-member-of-access-1c41a84cc68
The Qtum Foundation is proud to announce that it is now a member of the Association of Cryptocurrency Enterprises and Startups in Singapore (ACCESS). ACCESS is the leading blockchain industry association fostering society’s transformation to this new technology in Southeast Asia.
“By joining ACCESS, Qtum is committed to engaging stakeholders and regulators in a productive manner as a cohesive group,” stated Patrick Dai, co-founded of Qtum. “The blockchain industry is emerging and constructive dialogues need to take place. It’s enlightening that this is able to happen in Singapore and Southeast Asia.”
ACCESS has been educating public and private institutions on the benefits of blockchain technology and cryptocurrencies since it was founded in May 2014. ACCESS aims to foster an open and clear dialogue between Singapore cryptocurrencies, blockchain businesses, and society at large.
Qtum shares the vision and mission of ACCESS, understanding the need for providing a united public voice and platform for the ASEAN cryptocurrency and blockchain community to better engage with private and governmental entities.
“On behalf of the community at ACCESS, we’re very honored to have Qtum join our association,” said Anson Zeall, chairman of ACCESS, adding, “Qtum is definitely an important addition to our community as it will continue to expand the blockchain ecosystem in ASEAN and beyond.”
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Please remember there are a lot of phishing attempts in going around lately. Lately, some attempts have claimed there will be a "Second Round Qtum Crowdsale" along with an Ethereum address. Please report any activity like this to Foundation@Qtum.org along with a copy of the phishing attempt. There will never be a 'Second Round' Qtum Crowdsale. Qtum staff will never ask for money. |
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has Qtum always been PoS?
Yes, as we add more test networks, the staking functionality of our system will grow in features. We'll have more information about this soon. We may end up with as many as 3 test networks by the end of the year. also what do they mean when you can run the EVM on their platform? Will I be able to execute etheruem smart contracts on the Qtum blockchain?
Currently we offer the Ethereum Virtual Machine (EVM) as one of the Smart Contract platforms we will use. This means that existing Ethereum Smart Contracts can port their code with minimal effort to the Qtum Blockchain. This does not mean that Qtum and Ethereum Smart Contracts can communicate with each other, they are separate blockchains. Unless there is a bridge-style middleware application that can act as a third party. Moving forward, we are looking at other Smart Contract languages to implement, and we are planning to create our own. How will ERC20 QTUM token holders swap their token when the mainnet goes online? Will there be a need for a swap?
There will be need for a swap, right now Qtum is an ERC20 asset that will need to be converted to main network tokens in September. The official exchanges that we worked with during the crowdsale will swap any Qtum ERC20 tokens to main network if they are left on those platforms. We will have to create a provably 'burnable' swap contract that will exchange ERC20 tokens for Qtum Main Network, but this work hasn't started yet. |
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Press Update:
Technode writes about Qtum in their latest article on Blockchain technology
“Blockchain in China is hot these days. Currently, 7 companies are building a business on top of Qtum,”
In the global blockchain landscape, we are now seeing a Ukrainian blockchain-based Wifi router, energy projects in Eastern Europe, decentralized computing, storage, and VPN networks. In China, Qtum (pronounced Quantum) is now becoming a toolset and a platform for companies to build their business on top of the blockchain.
“Now you can build any business on top of the blockchain without intermediary costs and without friction.” Patrick Dai, co-founder and CEO of Qtum (量子链 in Chinese, meaning quantum chain) told TechNode.
The Shanghai-based blockchain company has their own cryptocurrency called Qtum, which now ranks in the top 20 on CryptoCurrencies Market Capitalization index and provides a blockchain application platform to execute “smart contracts” with a proof-of-stake consensus mechanism. This means that people can facilitate, execute and enforce the negotiation or performance of an agreement, such as a contract, using blockchain technology. The advantage of the Qtum is that it utilizes the core technology from both Bitcoin and Ethereum.
“Blockchain in China is hot these days. Currently, 7 companies are building a business on top of Qtum,” Patrick says.
These seven companies include a Singapore-based blockchain company that announced their first Initial Coin Offering (ICO) on top of Qtum. Energo, uses blockchain technology and smart meters to connect energy producers and consumers in microgrids with traditional electricity users to achieve point-to-point energy trading and energy supply. Other projects building on top of Qtum include Bodhi, a decentralized prediction market, and Vevue, a platform for monetizing digital content.
“Many of these blockchain companies are registered in Singapore, but they are focusing on the Chinese market,” John Scianna, Marketing Director at Qtum told TechNode.
Blockchain trends in China
The Chinese government is also showing positive reactions to this trend of blockchain development, pushing forward the development of blockchain in the coming three years, as blockchain is mentioned in China’s five-year plan (2016-2020) as one of the most promising technologies. The People’s Bank of China (PBoC) is doing research on blockchain technology and completed a successful trial run of self-developed digital currency that uses a limited implementation of blockchain technology.
Patrick also mentioned that authorities will seek to clarify regulations for blockchain projects this year and provide some guidance to help develop the industry.
“The regulation will come for sure and it’s good for the industry. Without regulation, it’s the wild west and it’s not good for the people and for their security,” Patrick said. “It’s a new way for people to collaborate and to build a reward structure to change the idea of VCs and crowdfunding.”
Qtum, as a platform provider for “smart contracts”, is at an early stage to get more adoption in the main society, and Patrick mentioned that the team will slowly build up trust on their blockchain platform.
“We are building trust, not by people, but by blockchain in a decentralized way,” Patrick remarked. “If the blockchain-based smart contracts become popular, the government will make smart contracts legally binding later on.”
Qtum from a consumer product perspective
Patrick Dai, CEO of Qtum was chosen as one of Forbes magazine’s “30 Under 30“, 300 people in Greater China under the age of 30. Forbes China recognized him for his accomplishments in the category of consumer technology. Is blockchain really considered to be a consumer technology? Patrick sees that a consumer product depends on the matter of trust.
“If you see P2P technology as a business model, you aren’t relying on the middleman. Using blockchain, you don’t need escrow, because blockchain is the escrow. The blockchain is offering trust on top of it,” Patrick explains.
An escrow service is someone that holds users’ money when users make a deal to assure their promise. So the blockchain technology can replace the people who do this service. For example, using blockchain, people can make a blockchain-powered application as a counterparty and automate this on blockchain through their computer.
“Each smart contract is a virtual escrow, and this lowers the cost for both parties. The blockchain smart contract program doesn’t sleep,” he said. “You can create 1,000 virtual small escrows this way. It’s like people because they perform the same service.”
Patrick gave an example: China’s biggest real estate company Lianjia has 10,000 people in charge of contract signature and approval, repeating the same process every day for apartment owners, renters, and buyers.
“You don’t need those people. All you need to do is to sign the contract directly, and it’s effective immediately. You can trust each other,” he says. “Blockchain will become the basic architecture and infrastructure like TC/IP protocol. Just like you have a browser as a gateway to the internet, you need a gateway to the blockchain. Qtum is this gateway. Blockchain is the value, like a piece of the house or like a dollar.”
Because of the blockchain, current business models will change, new business models will emerge, and some people will lose their jobs. Patrick says, in some ways, it improves the society.
“Those people who lost their jobs because of changing business models can do other stuff, and it could increase the efficiency of whole society. You don’t need to waste human capital on repetitive tasks,” Patrick said.
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Qtum node map if anyone is interested:
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I just don't see how this coin is valued so high? It seems like another me-to contract based project like the millions of other ones. Very overvalued and overhyped.
There are a lot of projects building on this platform, before the Main Network has been released. One of them just completed an ICO. It has a lot to do with the mobile Smart Contract functionality. It's hard to judge a project based on how much hype they generate, you need to look at the underlying technology. We haven't promoted the projects building on Qtum, but you will see over the next few months a lot more on the way. Can you give an example of this project being overhyped? |
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Qtum's weekly update is available on our Medium blog:https://medium.com/@Qtum/qtum-weekly-updates-week-of-july-31-8c64b020166dCommunity UpdatesForbes 30 Under 30
Patrick, Qtum’s co-founder, was recently selected to be on Forbes China’s selective 30 under 30 list. Patrick received the award for his notable work in consumer technology. The honor was given to those “who are challenging conventions and making an impact on the world.” Patrick is definitely challenging the traditional ways of thinking, and we our proud he is a part of our team.Houston Bitcoin Meetup
Brett presented Qtum to members of Houston’s Bitcoin Meetup, this past week. Brett highlighted Qtum’s Account Abstraction Layer (AAL), our Decentralized Governance Protocol (DGP), and our EVM integration on the UTXO model. Two people in the audience were interested in starting their own blockchain-based project, and they asked questions about how Qtum got its foundational support.Inkchain Event in Xi’an
This past week, Xiaolong “Stephen” Xu, Qtum core developer, spoke on a panel discussion at an Inkchain event in Xi’an. The discussion was framed around intellectual property and copyright infringement and how blockchain technology could help revolutionize the industry. Xiaolong noted that with blockchain technology, tracking payments for IP and verifying rights could be significantly improved.In Other News…
Congrats to our team member and developer, Baiqiang Dong, for becoming a World Record holder in cubing! Baiqiang got the record for 3x3x3 fewest moves this past weekend at the China Championship in Xi’an.Development Updates
Changes made through this past week to the core wallet:
Bugs fixed:
[Consensus/DGP] Various bug fixes to the DGP implementation
Work completed:
[EVM/RPC] Added getTransactionReciept RPC call which is similar to Ethereum's implementation
[Tests/DGP] Added proposal expiration tests to DGP
[Tests] Run Qtum QA tests by default when using pull-tester.py
[Tests] Continuing to fix test bugs that were broken when adding standard transaction rules and version number enforcement
In-progress work and soon to be fixed bugs:
[MPoS/Consensus] Final testing and bug fixing in MPoS is nearly complete
[DGP/Consensus] Final testing and bug fixing for DGP is nearly complete
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Blocknet QTUM for DGB Decentralized Trade Across Blockchains  Would you mind posting some more information about this please? We saw a video on Twitter: https://www.youtube.com/embed/btV4TMFnsCAThese tokens being exchanged (in this video) are Qtum Testnet, right now we have a placeholder ERC20 until our Mainnet goes live in September. |
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Development Update:
Week of July 24th
Changes made through this week to the core wallet:
Bugs fixed:
* [Consensus/DGP] Various bug fixes to the DGP implementation
Work completed:
* [EVM/RPC] Added `getTransactionReciept` RPC call which is similar to Ethereum's implementation
* [Tests/DGP] Added proposal expiration tests to DGP
* [Tests] Run Qtum QA tests by default when using pull-tester.py
* [Tests] Continuing to fix test bugs that were broken when adding standard transaction rules and version number enforcement
In-progress work and soon to be fixed bugs:
* [MPoS/Consensus] Final testing and bug fixing in MPoS is nearly complete
* [DGP/Consensus] Final testing and bug fixing for DGP is nearly complete
We have a lot of news to post over the next few days, so stay tuned.
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I am so interest about this crypto, have u guys help me support some infor of QTUM.
1/ QTUM have a Multisig or not?
2/ Have supernode/ masternode or not ?
3/ How much fees transaction ? Blocksize?
4/ QTUM have a Fund development or not?
ths u guys
These are great questions, thank you. 1) For multisignature wallets, this is something that we can draw from Bitcoin Core, as we're a UTXO Blockchain. Those Bitcoin addresses that start with 3 instead of 1, we will have something similar. If you look here: https://bitcoin.org/en/developer-guide#escrow-and-arbitrationYou'll see that we can implement the exact same thing into Qtum, and not have to use a Smart Contract for multisig. This feature has been around for some time now, and we believe it to be secure. 2) For masternodes, I don't believe this will be a Qtum feature. We don't have an opinion on this topic yet. 3) The block size is limited to 2 megabytes, with Segregated Witness ready to go on Main Network launch in September. This should scale well, but if there are problems moving forward with slow transactions, we have a Decentralized Governance Protocol which will allow Qtum Blockchain users to change certain parameters within the network upon reaching a consensus. Basically, people will vote with their tokens, if they would like to raise the size from 2mb to 3mb, it would require a large proportion of the network to 'signal' this. We hope that this will create an environment where the project gets more and more decentralized as time goes on. What we are trying to avoid is a surprise hard fork. For transaction fees and gas costs, we will publish this shortly. 4) Qtum developers will be able to work on the core Blockchain for 4 years or more with the funds we raised in March. We are trying to become more transparent with our finances. Right now we are releasing our expenditures, but we are leading up to audited financials. We kept 12% of the total Qtum tokens for the development team, but we are thinking of maybe only keeping 6% for team members, to be paid monthly over 4 years. The other 6% might go to the Qtum Foundation. We haven't made a decision yet, but those coins are ours to do with as we see fit, so I don't think anyone will mind if we give half of them to our governing entity. |
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