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Author Topic: 10 Million USD raised in 90 minutes! [ANN][Qtum]UTXO based POS Smart Contracts  (Read 146511 times)
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December 19, 2016, 05:08:51 AM
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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 & A Blockchain Powered Internet of Things




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 Master Contract concept. Master Contracts allow DApps and smart contracts to trigger real-world, off-chain data inputs, auditable by a verified Oracle or the contracts mediator - while the contract’s essential elements, such as participants and authorization structures, are secured on the blockchain itself.

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.

  
The Qtum Foundation for Open-Source Governance


The development and maintenance of the Qtum Blockchain, as well as all services provided by Qtum, are directed and supervised by the Qtum Foundation - a non-profit organization, representing Qtum’s stake and token holders.   In order to avoid the inefficient conduct, open source and blockchain projects often suffer from, and to ensure a coherent and standardized implementation of the Qtum blockchain, the Qtum Foundation was established. The Foundation will oversee the development of the Qtum Blockchain, advocate governance transparency, and promote the safety and harmony of the open source ecosystem.    


The Foundation consists of various committees, such as Executive Judgment, Code Review, Finance & HR, as well as Marketing & PR. Members of the Judgment Committee, the foundation’s highest executive authority, are elected by Qtum token holders. All other committees and vital functions are appointed by, and report to the Judgment Committee.    








Qtum Crowdsale Details:






From https://qtum.org/en/crowdsale




Qtum Crowdsale Details

1. What is the Qtum Token (QTUM)?
2. What is the total QTUM supply and initial distribution?
3. When does the Crowdsale take place?
4. What crypto-currencies are accepted in the crowdsale?
5. What is the price of Qtum tokens? What bonuses can I receive?
6. How can I participate?
7. How are the funds secured?



What is Qtum?


1. What is the Qtum Token (QTUM)?

QTUMs are cryptographic software tokens used to engage with distributed applications (“dApps”) and smart contracts on the Qtum platform. QTUMs will serve as the staking currency of the Qtum blockchain and fuel computational operations performed by the Qtum network.


2. What is the total QTUM supply and initial distribution?


With the setting of Qtum’s Genesis Block, one hundred million (100,000,000) QTUMs will be created as Qtum’s total token supply, on top of which ~1% annual Proof of Stake (PoS) inflation will be added.
The QTUM token supply will be allocated as follows:


51% of Qtum tokens (51,000,000) will be distributed through the crowdsale

51 million QTUMs will be available for acquisition during the crowdsale. The funds raised this way will be used to bankroll the operations of the Qtum Foundation for the next four years. This includes development, administration, marketing, financial and legal consultancy, etc. Remaining, unsold tokens from the crowdsale budget will be sold privately to institutional investors.
    

20% of Qtum tokens (20,000,000 QTUM) will be distributed among founders, early backers and the development team

Founders, early backers and the development team are rewarded with Qtum tokens for their efforts, resources, and technologies contributed to the development of the Qtum blockchain.
        

7% - 8% of (Deducted from the 20% above)  Qtum tokens will be allocated to early backers and investors.

Qtum received over 1 million US dollars from 32 early investors, including a host of notable blockchain entrepreneurs (see below). Additional early investors will be disclosed at a later stage.



            Anthony Di Iorio,   Co-founder of Ethereum and CEO at JAXX Wallet
            Roger Ver,   World’s first major investor in bitcoin startups
            Weixing Chen,   Founder of Kuaidi
            Jeremy Gardner,   Co-founder of Augur EIR at Blockchain Capital
            David Lee Kuo Chuen,   Founder of Left Coast, Libai and Dlee Capital Management
            Bo Shen,   Fenbushi Capital managing partner
            Jehan Chu,   Jen Advisors Ethereum Hong Kong Meetup
            Qingzhong Gao,   Director of HuaWei Strategic Cooperation
            Star Xu,   CEO of OKCoin
            Lihua Yi,   Partner at ZhongWo Investment
            Xiaolai Li,   Chinese Angel Investor



12% - 13% of Qtum tokens will be allocated to founders and the development team.

29% of Qtum tokens (29,000,000 QTUM) will be allocated to community initiatives concerning business development, as well as academic research, education, and market expansion

During the next four years, the Qtum foundation will allocate 29% of the initial QTUM supply to third parties promoting the application and growth of the Qtum ecosystem. This budget will be held in publically viewable wallets and subjected to community scrutiny. Potential surpluses arising from this activity will be redistributed among Qtum token and stakeholders.


     

Business development (20%)

In order to incentivize the adoption of Qtum technology and to promote the development of early decentralized applications, 20% of the total initial QTUM supply will be dedicated to selected industries and projects. This includes funding of strategic planning, project support and coin swaps as detailed below.


  • 10% - half of the business development fund (10,000,000 Qtum tokens) will be used to facilitate the adoption of the Qtum blockchain in ten selected industries such as financial services, supply chain management, social media, online gaming, Internet of Things (IoT) and so forth. Qtum will reward selected DApps developed on the Qtum blockchain in proportion to their actual user base.
  • 10% - (10,000,000 Qtum tokens) will be used for the coin swaps. The Foundation will exchange Qtum tokens with crypto-tokens of other blockchain open source ecosystems, as well as app coins from dApps developed on the Qtum blockchain. The crypto-tokens and app coins acquired this way will be distributed among Qtum token and stakeholders.



Academic research, education, and market expansion (9%)

        
9% of Qtum’s initial token supply will be used to sponsor academic research, educational materials for developers, as well as promotion of Qtum technologies and contributions to open source communities. Some of the planned activities include:


  • Establishing research labs in cooperation with high profile universities
  • Creating tutorials and educational materials for Qtum developers
  • Cooperation with other open source communities such as Linux, JavaScript, Docker, Php
  • Events and conferences to raise the awareness of the Qtum technology and facilitate market adoption


3. When does the Crowdsale take place?

The Qtum Crowdsale will start at 12PM GMT (8pm Beijing), March 16th, 2017 and end at 12PM GMT, April 15th, 2017 (after 30 days) or when all 51 million Qtum tokens are sold.


4. What crypto-currencies are accepted in the crowdsale?

During the crowdsale QTUMs are sold against Bitcoin (BTC) and Ether (ETH).
            
            
5. What is the price of Qtum tokens? What bonuses can I receive?

The Qtum crowdsale includes four price tiers, lasting one week each, as well as an early bird bonus phase as detailed below (all times in GMT). QTUM price against ETH will be determined at sale start according to ETH/BTC market price.  





6. How can I participate?

The Qtum Crowdsale will be facilitated on selected online crypto-currency exchanges and crowdfunding portals. You can participate via any of the following venues:






7. How are the funds secured?

All funds collected during this sale will be deposited in secured multi-sig wallets. Keys to said wallets will be held by several officers and executives of the Qtum Foundations, making it so that all outgoing transaction have to be verified by multiple parties.






For more information, please see these resources:

Qtum Whitepaper and Economy Paper:

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

This is a snapshot of the prototype source code for evaluation purposes only. You can setup a functioning mainnet or testnet network, but this version has several known bugs, and we do not recommend making it public, and only using it for evaluation.
Details:
Based on Bitcoin 0.13.2
Implements PoS v3.0
Includes a port of the EVM
Includes an early version of the Qtum Account Abstraction Layer
No support is provided for this release, and it is released “AS-IS” without indemnification, support or warranty of any kind, expressed or implied.



The Qtum Whitepaper Has Been Updated:

Please visit https://qtum.org/en/white-papers to download.






Do you have any questions about the Qtum project?  Check out our new FAQ section of the website:  






"What is Qtum?

Qtum is an open source Blockchain project that is developed by the Singapore-based Qtum Foundation. Qtum is a hybrid blockchain application platform. Qtum’s core technology combines a fork of bitcoin core, an Account Abstraction Layer allowing for multiple Virtual Machines including the Ethereum Virtual Machine (EVM) and Proof-of-Stake consensus aimed at tackling industry use cases. We believe this will allow Smart Contracts and Decentralized Applications to run on a familiar foundation, while offering a robust environment for developers. The underlying technology uses an “Account Abstract Layer”, which acts as a bridge between the EVM and the Unspent Transaction Output model of Bitcoin Core.  There will be Oracles and Datafeed functionality, allowing developers to create Smart Contracts built around trusted sources of information.

The Qtum Foundation plans to be the public blockchain for business. Development efforts will allow us to market this platform to various industries, such as: Mobile Telecommunications, Counterfeit Protection, Finance, Industrial Logistics (shipping, warranty, etc), and Manufacturing."








What makes this different than other blockchain projects?

The Qtum project offers many advantages to the Smart Contract development community. This project is designed to implement the best parts of the Bitcoin and Ethereum projects, into a business-friendly blockchain. By implementing the Bitcoin Improvement Protocols, and making use of the Ethereum Virtual Machine, digital currency enthusiasts can finally agree on one platform that will offer stability and direction.







What is the benefit of the UTXO Model over the Account Model?

The account model is similar to a bank account. Each party has a balance and can subtract a portion of their balance to increase the balance of another party in order to send money. This model is conceptually very simple to understand. However, to make this work in a blockchain environment many pieces of logic must be added to avoid “double spending”, spending the same funds twice. This logic makes the account model less simple internally, and adds a number of restrictions.

The UTXO model on the other hand is similar to having an ecosystem built on bank checks (without an actual bank account, the check itself is the money). There is a “pay to” field which in our example provides instructions to how the money must be spent, and each check has an amount. You can not go to cash the check and say “cash half the check and give me half back”. Your “balance” per-se is the sum of the checks which you are capable of spending. This model is more difficult to explain, but because every is either “spent” or “unspent” and there is no in-between, it is much easier to secure in a blockchain environment with less logic required to maintain that security.

Each model has it’s own pros and cons. Accounts are conceptually simpler and thus smart contracts written on an account system tend to be much clearer and easy to understand. With UTXOs however it is simpler to validate a transaction, which can be done simply by verifying that the transaction has been confirmed by the blockchain, in the case of the SPV protocol. The UTXO model also has been tested and proven to be secure by Bitcoin, which has operated for over 7 years with no significant changes to its core model. It has also been proven to be more scalable, and transactions can easily be processed in parallel (which can be more difficult in the account model).

With all of this in mind, we at Qtum felt that building on the UTXO model best aligned with our goals and that adding the Account Abstraction Layer brought us the best of both worlds. Now we gain all of the security and interoperability benefits of the UTXO model, while smart contracts are written as if they were based on the conceptually simpler account model.






When Will The Crowdsale Start?

The sale will start 12pm GMT, March 16th, 2017. Please view our crowdsale page for more details: https://qtum.org/en/crowdsale





 

How Long Will The Token Sale Last?


The Crowd Sale will last for 30 days. It starts March 16th 2017 at 12PM GMT, and ends April 15th 2017 12PM GMT. https://qtum.org/en/blog/qtum-crowdsale-update-timeline






What is the Token distribution?

There will be 100 million total coins, 51% of the tokens available for sale to the public.  The other 49% is broken down as per the Economy Whitepaper, found at https://qtum.org/whitepaper






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



Update:  Smith + Crown has updated their analysis of the Qtum Project:













▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█ Qtum █▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
●▬●▬●▬● First UTXO Based PoS Smart Contract and DAPP Platform ●▬●▬●▬●
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December 19, 2016, 05:12:53 AM
 #2

This better not be an ICO...

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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:





Qtum
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December 19, 2016, 05:15:38 AM
 #4

Reserved.

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█ Qtum █▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
●▬●▬●▬● First UTXO Based PoS Smart Contract and DAPP Platform ●▬●▬●▬●
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SimpeleSimpele
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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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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

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█ Qtum █▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
●▬●▬●▬● First UTXO Based PoS Smart Contract and DAPP Platform ●▬●▬●▬●
▃▃▃▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▅▃▃▃
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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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Keeping People Honest - Don't Get Scammed


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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.

BTC12.COM 
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ANNOUNCEMENT THREAD | JOIN THE SLACK
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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

BTC12.COM 
Elastic-Project.com Elastic Network: The Decentralized Supercomputer 
ANNOUNCEMENT THREAD | JOIN THE SLACK
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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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TIDEX



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mmmmmm


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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

suprnova pools - reliable mining pools - #suprnova on freenet
https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools
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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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🌟 æternity🌟 blockchain🌟


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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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  æ t e r n i t y
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✅ Unchained Smart Contracts
✅ Decentralized Oracle
✅ Turing-Complete
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[ WHITEPAPER]                     ██
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(en)Lightning
Smart Contracts
|TESTNET|
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