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Author Topic: [2017-01-24] The Qtum Project Creates a Mixture of Bitcoin and Ethereum  (Read 184 times)
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January 24, 2017, 09:07:42 PM

A new project called Qtum has been created by the Singapore-based Quantum Foundation that plans to meld the Bitcoin protocol with Ethereum technology. The open source project integrates the Ethereum Virtual Machine with Bitcoin’s Unspent Transaction Output (UTXO) model and aims to provide smart contracts to businesses worldwide.

The project Qtum is an interesting decentralized app (Dapp) venture that combines the Bitcoin client 0.13, Proof of Stake (PoS), and the Ethereum Virtual Machine to enable smart contract services. The project has also received $1 million in funding from investors such as Fenbushi partner Bo Shen, Ethereum co-founder Anthony Di Iorio, BitFund founder Xiaolai Li, and more. Qtum’s goal is to provide a value transfer protocol Dapp platform with the best properties of both projects.

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