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Author Topic: [ANN][Qtum] A Scalable POS Smart Contract Platform| $15.6M raised  (Read 185271 times)
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December 19, 2016, 05:08:51 AM
 #1






The Qtum Project





The Qtum[pronounced Quantum] Foundation is a non-profit organization, developing an open source turing-complete blockchain stack, with the aim of driving the use of decentralized applications and smart contracts towards massive, mainstream adoption. Gathering some of the most prominent thought leaders in the space, Qtum has managed to remove industry-wide technological hurdles, which have up until now prevented blockchain technology from realizing its full potential.  In contrast to most of the existing dApp platforms, the Qtum blockchain is built upon Bitcoin’s well-established UTXO transaction model and employs a Proof-of-stake consensus mechanism. These augmentations have far-reaching implications for the utility of the Qtum blockchain, like the ability to execute smart contracts from mobile devices as well as appliances connected to the Internet of Things. With this architecture, Qtum is compatible with both - Ethereum contracts and the Bitcoin ecosystem, while adding a wide range of capabilities absent from both.    
Following through on its vision, the Qtum foundation aims to establish an array of services, designed to bridge the still existing gap between blockchains and the business world, by allowing smart contracts to consistently adhere to changing commercial rules and conditions. Designed for real-world, plug-and-play usage, these services will also allow Qtum smart contracts to efficiently interface with real-time data inputs from stock markets, weather forecasts, news agencies, and the like.





Qtum’s Technology




Building on bitcoins reliable and proven-to-deliver blockchain, Qtum stacks its Account Abstraction Layer, allowing the UTXO-based blockchain to seamlessly interact with a modified version of the Ethereum Virtual Machine (EVM). With this innovation it is now possible to execute smart contracts and run decentralized applications, simply and securely, in environments that were previously out of reach for Ethereum, combining the endless possibilities provided by smart contracts with the stability and maturity of the bitcoin ecosystem







Going Mobile & Business Friendly




One of the main advantages of Bitcoin’s unspent transaction output (UTXO) model is its ability to sustain lite wallets. Lite wallets, utilizing the SPV protocol, allow users to interact with the bitcoin network without having to download and sync with the entire blockchain.  This stands in stark contrast to the way the Ethereum blockchain operates. In order to engage with an Ethereum-based smart contract, one first has to download and sync the entire Ethereum blockchain, which to date weighs up to 50 GB - rendering the mobile use of decentralized applications infeasible.
On Qtum’s UTXO-based blockchain however, it is now possible to execute smart contracts from lite wallets, which can easily be installed on any given mobile device, heralding an age of mobile decentralized applications. With about a half of all internet traffic to major sites being generated by mobile devices, this ability is absolutely necessary to allow for a massive, mainstream adoption of decentralized applications (DApps), smart contracts and the p2p economy enabled by them.


Lite wallet access also allows the syncing of a variety of devices and appliances to the Qtum blockchain, operating them according to pre-determent smart contracts. With this, a blockchain-secured IoT can be established, enabling a trustless, decentralized Sharing Economy.  Compatibility across the board Utilizing an EVM analog, the Qtum blockchain is compatible with existing ethereum-based smart contracts. Ethereum contracts can be ported to Qtum with little to no change to their code and execute as expected. Furthermore, Qtum implements complete backwards compatibility, meaning that once a decentralized application or contract is deployed on the Qtum network, it will stay operational, even if the system is updated. With this, Qtum solves a huge problem, very well known to ethereum developers, who very often find their applications rendered useless by recurring changes to the Ethereum network.


The bitcoin-based UTXO transaction model also ensures that Qtum will be mostly compatible with the existing bitcoin ecosystem, allowing Qtum users to benefit from the industry’s top-notch innovations, fueled by hundreds of millions of dollars already invested in the space.
Scalability, Speed, and Efficiency Both, The Ethereum and the Bitcoin blockchain, are based on a Proof-of-Work (PoW) consensus mechanism, which secures the blockchain by rendering  attacks very costly due to artificially arduous computations, demanded from miners participating in the block-verification game. This is known to be very resource intensive, in both terms of energy consumption and time.
Qtum is among the first fully decentralized and Turing-complete blockchain stacks to utilize an attractive and much more energy-efficient method to maintain coherence: the Proof-of-Stake (PoS) consensus algorithm, rendering attacks costly and inefficient, without having to waste precious computational resources and energy. Further increasing efficiency, bitcoin’s UTXO transaction model, implemented on Qtum, allows the network to process several transactions in parallel and in any given order. Unlike Ethereum’s architecture, which demands all transactions to be processed one at a time, in chronological order.






Bridging the Gap between Blockchains and the Business World






To bridge the gap between legacy business sectors and the blockchain space, Qtum introduces the Mobile Contract concept. This will allow users to create their own tokens, on a mobile lite device, that they can issue for whatever reason they see fit

This allows blockchain-based commerce to adhere to changing commercial rules and conditions, while interfacing with real-time data inputs from stock markets, weather forecasts, news agencies, etc..  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 more. With this, it will be easier than ever for established sectors and legacy institutions to interface with blockchain technology and enjoy their benefits.

  
Qtum Whitepaper and Videos

Whitepaper

https://qtum.org/en/white-papers

Qtum Videos:

Technical Overview Video: https://qtum.org/en/videos/qtum-technical-introduction-and-demonstration

Qtum GoMobile Video: https://qtum.org/en/videos/qtum-go-mobile-demo

Qtum "Defining The Blockchain Economy" video: https://qtum.org/en/videos/defining-the-blockchain-economy

Qtum @ Ethereum Development Conference, Paris:  https://qtum.org/en/videos/qtum-presentation-at-edcon

Qtum More Information:

https://qtum.org/en/learn-more-about-qtum


Meet The Team




  Patrick Dai, Co-founder.

Patrick is a Computer Science PhD candidate at CAS and has worked for Alibaba


 Jordan Earls (Earlz), Co-founder and lead developer

Jordan is a trusted and well-known member of the cryptocurrency community and has been developing software since he was thirteen. Jordan has reviewed over 100 altcoins and identified multiple exploits in alternative cryptocurrencies.


Neil, Co-founder & Head Developer

Neil has 20 years experience developing software and has four years experience in the blockchain space. Neil has Master’s degree in Business Administration from ISCAE, but later specialized in computer science. Neil was also a professional poker player and speaks four languages.


Alex Dulub, Developer

Alex has a 15 years background in software development and 3 years working on blockchain frameworks and business applications, as well as cryptographic protocols and crypto libraries. Alex is also a serial math\programming competition winner. His programming stack includes C\C++, Node.js, Angular.js, React\Redux



 Baiqiang D.


Baiqiang studied physics at Peking University and has worked for several software companies including Jinshan Software and Cheetah Mobile



Caspal Ouyang


Caspal is an experienced web developer and has worked at Baidu. Caspal has 21 gold medals for Rubik’s cubing 1 record in Asia and 29 records in China. Caspal was ranked #1 for solving a 4×4 & 5×5 blindfolded and ranked #1 for solving a 3×3 Rubik’s cube with his feet in China.


 John Scianna, PR Manager


John has been following bitcoin since 2012 and a community member since 2013. John has been a miner, journalist, and has worked for several startups including CoinPip and the DC-based blockchain advocacy group, the Chamber of Digital Commerce.


Mike P, Internal IT

Mike is a blockchain technology developer and enthusiast, fell in love with blockchain since 2013 and has developed proof-of-concept platforms, block explorers, online wallets and one of the largest altcoin mining pools. Mike has taken part in several cryptocurrency projects since 2013.


 Roman, Developer

Studied in Belorussian State University specializing on informatics and software development. Started working on blockchain projects in 2014 as C++ developer. Took part in numerous custom projects based on bitcoin/bitshares/ethereum.

 Time Markov, Developer


Time is C/C++/Qt/QML developer with 9+ years experience in building cross-platform applications. With about one year experience in the blockchain space. Enjoy in working with this team.

 Brett F, Community Manager

Brett worked as a Linux System’s administrator from 1999 – 2004 and then worked at a Linux desktop support company from 2005-2014. His blockchain experience started in mid-2013, and met most of the Qtum’s founding members in 2014.  He manages the Slack, Bitcointalk, Twitter, and other social media channels.  He also contributes to the PR side of the project, providing research, writing, and interviews.


Angel Backer Team


 Anthony Di Iorio

Ethereum Founder
CEO at JAXX Wallet

 Bo Shen

Advocate/Advisor at FenBuShi Capital


 David Lee Kuo Chen

Founder of Left Coast, Libai
and Dlee Capital Management

 Jehan Chu

Jen Advisors
Ethereum Hong Kong Meetup

 Jeremy Gardner

Cofounder of Augur
EIR at Blockchain Capital

 Lihua Yi

Partner at ZhongWo Investment


Qingzhong Gao


Director of HuaWei Strategic Cooperation


Roger Ver


First Major Investor in Bitcoin Startups


Weixing Chen


Billionaire founder of KuaiDi


Xiolai Li


Chinese Angel Investor


Xu Star


CEO at OKcoin


Qtum In The Press



Community Resources

Website:  https://qtum.org
Slack (1075 members):  https://qtumslack.herokuapp.com/
Twitter:  https://twitter.com/QtumOfficial
Facebook:  http://facebook.com/QtumOfficial
Reddit: https://www.reddit.com/r/Qtum/
Wechat:  Message account "QtumFoundation: for an Invite, currently 3000+ Chinese community members
YouTube: https://www.youtube.com/channel/UCa4iVp5iMC8gijxBvzZI3UA


Source:

https://github.com/qtumproject/qtum-snapshot/releases






Exchanges

yunbi.com  https://yunbi.com/markets/qtumcny    Qtum/CNY   

btc9.com https://btc9.com/trade/22       Qtum/CNY 

allcoin.com  https://allcoin.com/markets/QTUM-BTC/0/      Qtum/BTC

4 bter.com  https://bter.com/trade/QTUM_CNY       Qtum/CNY

5 bter.com    https://bter.com/trade/QTUM_BTC      Qtum/BTC

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🌟 SONM ICO: 25/05/17 🌟


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December 19, 2016, 05:12:53 AM
 #2

This better not be an ICO...

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SONM ICO: 15/06/17


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December 19, 2016, 05:14:00 AM
 #3







Qtum (Quantum) is an open source, decentralized project that aims to capitalize on the success of Bitcoin, while competing for the Decentralized Application (DAPP) and Smart Contract market.  Our goal is to work with industry partners, and launch the first Value Transfer Protocol (VTP).  This will streamline [Suspicious link removed]patibility into daily business routines, and allow for easier adoption. Qtum aims to become the first platform with Smart Contracts that execute as part of an Unspent Transaction Output (UTXO).

Instead of reinventing the wheel with a completely new codebase, Qtum is based on Bitcoin Core  v0.13 and Proof-of-Stake 3.0 (POS).  Qtum’s method allows Smart Contracts to be operated without the need for accounts, and existing Ethereum applications can be ported to the Qtum Blockchain.  Qtum Core development will be directed by the Qtum Foundation, which will be overseen by an established auditing firm.

This project aims not to be another medium for exchange, there are enough Blockchain projects to fill this demand.  Instead, focus will be directed at various sectors where technology could streamline operations.  All of this will fall into the framework of Decentralized Applications, based on a modified version of the Ethereum Virtual Machine.  

There is a need for a stable codebase, consumers and businesses want confidence that their monetary value is not at risk of sudden incidents.  This is why we are basing Quantum on Bitcoin Core for stability, and Blackcoin POS3.0 for consensus.




Technical Summary




In this section we will discuss the Qtum Blockchain, a new Cryptocurrency created for consumers and businesses. Qtum is designed to be secure, stable, and fast. Quantum has expanded the scripting language of Bitcoin Core, so that it will now be possible to run Smart Contracts based on the Unspent Transaction Output model (UTXO).  This means Qtum will not require the use of accounts to execute contracts between interested parties. Existing Ethereum Smart Contracts can be ported to Qtum with minimal changes. Other virtual machines and programming languages will be supported as the project matures. There will be functionality for third party data feeds and oracles, along with ‘off chain’ data processing. Qtum’s consensus model will utilize Sunny King’s classic Proof-of-Stake, which will secure the Blockchain, while rewarding coin holders.

Qtum aims to bring a new ‘Value Transfer Protocol’ to the industry. Bitcoin has done a tremendous service to the commerce and finance industry by providing a means of value transfer, and we would like to expand on this momentum. We plan to support the Qtum Blockchain with Smart Contracts that allow users to control coins by taking advantage of various Internet Protocols.
One project that will be released as a working beta is SpringEmail, which uses a modified Simple Mail Transfer Protocol (SMTP).  This allows users to send and receive Qtum as part of an e-mail.  We call this hybrid protocol “BiSMTP”.  This should lessen the learning curve for users interested in Qtum but do not have a wallet.


For more information, please see:
http://www.8btc.com/qtum-springemail-bismtp


One of Qtum’s growth strategies is the mobile telecommunications market.  There is a vast amount of consumers that may not be aware of digital currencies, but could be introduced to Qtum by means of a viral marketing campaign.  This does not mean that the average user isn’t accustomed to paying with their mobile devices.  In China, Wechat leverages their userbase of over half a billion people, to make payments for everyday goods and services.  Just like Apple Pay, they make a quick scan with their device at the point of sale, and the money is deducted from their account.  We plan to build Quantum applications that integrate into the popular messaging platforms like: Wechat, WhatsApp, Viber, and so forth.  We call this the Qtum “Go Mobile” strategy.  


The English version of the whitepaper is being edited, and will be released in January 2017.

To summarize, the technical features of Qtum include:

1. Ethereum Virtual Machine running on the Bitcoin UTXO model
2. Compatibility layer for Ethereum Blockchain model, which allows for easy porting of existing Ethereum and Solidity contracts
3. Blackcoin's Proof Of Stake 3.0, which ensures efficiency and security
4. Ability to manage contracts from mobile wallets without running a full node
5. Most existing tools built for Bitcoin and some BIPs will continue to be compatible with Qtum blockchain
6. Oracles and datafeeds built on top of the Ethereum Virtual Machine



OPPORTUNITY



Qtum plans to deliver a business friendly platform that can push forward Blockchain technology.  This means it’s not just a retail coin, in which a merchant can create invoices for products or services.  The opportunity for industry and business to make use of a public ledger is enormous.  For an entity to be able to sell a product or service, provide the customer proof of purchase, and then maintain that item throughout its lifespan is invaluable.  

There is big interest in Blockchain technology, especially in the finance industry.  Currently, banks are applying for many Blockchain patents.  This may be because they are fact finding, or plan to adopt technology into their core products and services.  A lot of large corporations find themselves becoming too big, stale, and uncompetitive.  Blockchain (and other disruptive technology) may threaten their business model in the years to come.

Through the Qtum Foundation, our goal is to facilitate these large organizations to adopt digital currency and blockchain technology into their mainstream operations.  We will do this simply by introducing the power of Blockchain technology, and see whether there’s a place for it in their business model.

Qtum is currently talking with a few corporations in China about strategic partnerships, but it is still too early to make announcements.  At this point, the main focus is the social network, telecommunications, finance, and supply chain industries.  Third party development will play a large role in the adoption of Qtum (and Blockchain as a whole).  At this stage, most industries we have spoken with are curious about Blockchain, and whether it can improve or threaten their business.



Meet Our Team:

Qtum core team comprises of several members, spanning the globe.  

Patrick Dai (China/Singapore) - Project Co-Founder
Neil Sakr (Morocco/China) - Chief Blockchain Architect / Co-Founder
Jordan Earls (USA) - Lead Developer / Co-Founder
Caspal (China) - Qtum Developer
Qiyu (China) - Qtum Web developer
DJaen (Sweden) - Qtum Test developer
Time Markov (Macedonia)- Qtum Developer
Toni Markov (Macedonia)-Qtum Developer
Alex (Belarus)- Qtum Developer
Mike Palencia (China / Colombia) - Project Manager
Brett (Canada) - PR / Community
John Scianna (USA / China) -  PR / Press
Ibai Basabe(USA/China)-PhD Product Manager/Researcher
Emiliano (Argentina) - PhD Document Writer / Researcher
Carry Shen (China) - PricewaterhouseCoopers (PWC) process control


Community

Website: Launching soon

Source code: https://git.qtum.org/qtum/  Source will be available soon

Twitter: https://twitter.com/QtumOfficial

QQ group: 518192421

Slack channel:  https://qtumslack.herokuapp.com/

Wechat group:

Bounties are available, and will be listed soon.  Please post what you can offer in the thread.


Press:

Quantum has generated some press, due to our attendance at conferences and Blockchain events.  Some press sites have picked up on our development before officially launching, please visit these links below:





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December 19, 2016, 05:15:38 AM
 #4

Reserved.

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December 19, 2016, 05:22:01 AM
 #5

how much total suply Qtum coin
and type coin POW/POS or use ethereum token
open plan ico selling, if want ico selling plan use escrow or not

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December 19, 2016, 05:47:50 AM
 #6

Greetings! i have some concerns you may address?



-why use "real names"   if no links to their social media/linkedin accounts?  -- looks scam
-why only free talk groups? free slack, free wechat, free, new twitter (not ONE on your "team" could link their twitter for legitimacy?)   Cool
--https://www.youtube.com/watch?v=He850TP59SI&t=2s  only link that peaked my intrest (not from your OWN site) -- dosent say SHIT that i could HEAR
--https://www.youtube.com/watch?v=NrGseM-FEOI -- buncha dudes inna white room. i guess you SAY it legit so it must be?

understand we can be quite jaded here and some take it upon ourselves to ask the hard questions
a team of that many should be able to do more for an ANNouncement, understand.

i await your response! P.S: self modded threads lead to hostility quite quickly here...














 

 

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BitBlender 

 













 















 












 
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Qtum
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December 19, 2016, 05:54:59 AM
 #7

Greetings! i have some concerns you may address?



-why use "real names"   if no links to their social media/linkedin accounts?  -- looks scam
-why only free talk groups? free slack, free wechat, free, new twitter (not ONE on your "team" could link their twitter for legitimacy?)   Cool
--https://www.youtube.com/watch?v=He850TP59SI&t=2s  only link that peaked my intrest (not from your OWN site) -- dosent say SHIT that i could HEAR
--https://www.youtube.com/watch?v=NrGseM-FEOI -- buncha dudes inna white room. i guess you SAY it legit so it must be?

understand we can be quite jaded here and some take it upon ourselves to ask the hard questions
a team of that many should be able to do more for an ANNouncement, understand.

i await your response! P.S: self modded threads lead to hostility quite quickly here...

- Social Media will be linked soon.
- Twitter activity will begin shortly
- Plesae check the YouTube video

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Anonymous bitcoin mixer


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December 19, 2016, 06:03:10 AM
 #8

Greetings! i have some concerns you may address?



-why use "real names"   if no links to their social media/linkedin accounts?  -- looks scam
-why only free talk groups? free slack, free wechat, free, new twitter (not ONE on your "team" could link their twitter for legitimacy?)   Cool
--https://www.youtube.com/watch?v=He850TP59SI&t=2s  only link that peaked my intrest (not from your OWN site) -- dosent say SHIT that i could HEAR
--https://www.youtube.com/watch?v=NrGseM-FEOI -- buncha dudes inna white room. i guess you SAY it legit so it must be?

understand we can be quite jaded here and some take it upon ourselves to ask the hard questions
a team of that many should be able to do more for an ANNouncement, understand.

i await your response! P.S: self modded threads lead to hostility quite quickly here...

- social media will be linked soon.
- you will see Twitter link and some famous investors soon.
- pls check the YouTube video on second blockchain summit.
- we welcome hard questions, so we can do this project better.

thank you for your support.

good enough, i will await those updates.
i am willing to follow for evolution, but need more info than words.

can anyone hear that summit link?  if i could it would add alot more legitimacy for me, please consider fixing the audio

Best luck moving forward! tho its hard to say if this is a gem before seeing that english whitepaper :/














 

 

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rohitgarnaik
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December 20, 2016, 06:10:32 AM
 #9

any bounties, when is the launch

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December 20, 2016, 06:34:46 AM
 #10

Obvious scam.  Save your btc.  Spend it on booze for yourself.  Don't support this scammers addictions.

99.999999999999999999999999999999999999999999999999% of all ICO's are SCAMS
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December 20, 2016, 09:11:17 AM
 #11

Portuguese translation reserved...
pm me if interested...


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December 20, 2016, 09:38:44 AM
 #12

finally qtum announced the ICO.

ppl should pay close attention to it. this one is backed by a serious development team and well known advisors in blockchain industry.

very revolutionary concept!

good luck.

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December 20, 2016, 09:43:35 AM
 #13

Will wait for english whitepaper release before making any statement, thanks.
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December 20, 2016, 10:04:24 AM
 #14

put a brief summary on my site:

http://btc12.com/thread-425.htm

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December 20, 2016, 10:29:32 AM
 #15

I reserve the Hindi translation spot Smiley I wish this project best of luck

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December 20, 2016, 10:14:12 PM
 #16

Hi everyone, I just wanted to confirm that I am indeed a part of this team and am very excited about Qtum. We have a great diverse team and a solid product being developed.

Check out my full list of Coin Reviews
Currently working on the Qtum Project
Contact me on freenode IRC as 'earlz'
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December 20, 2016, 10:17:42 PM
 #17

will watch for now... not sure about it yet ;-)

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December 20, 2016, 10:28:11 PM
 #18

What a pity, looks like POS only, nothing for the miners here  Sad

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December 20, 2016, 10:29:16 PM
 #19

What a pity, looks like POS only, nothing for the miners here  Sad

sometimes its quite opposite so I guess some variety is a good thing...

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December 21, 2016, 12:31:18 AM
 #20

I'm very impress after reading some of their articles. Waiting for more news. Good luck








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