For a long time, every crytpocurrency and every blockchain platform has developed a concept that’s unique and has focused solely on that concept to create a niche market for itself. Bitcoin established itself as a store of value; Ethereum became the platform for development of executable commands; Monero and Zcash capitalized on privacy; Ripple has become the ideal transfer medium for financial institutions. What if you could take the best qualities of these coins and combine them into one hybrid platform? Well, now you can with Qtum (QTUM).
Hybrid dApps development platform
Decentralized applications (dApps) are applications that are based on the blockchain and are decentralized with no particular party in control including the developers. These applications are aimed at giving control to the users and enabling an automated interaction between users.
Qtum (QTUM) combines a customized version of the Ethereum Virtual Machine with a modified Bitcoin Core infrastructure. This brings the world of vast possibilities and applications offered by Ethereum’s smart contracts together with the reliable Bitcoin blockchain to offer the users an incomparable experience.
Image 1 – Qtum (QTUM) Charts – Source: https://coinmarketcap.com
Qtum’s platform facilitates the development of decentralized applications that are suited for the real world business use. These dApps are compatible with major blockchain ecosystems and can be integrated with other blockchains just as easily as their native applications. Their hybrid nature also allows them to provide support for mobile devices.
Next generation smart contracts
Qtum offers a new smart contract development platform that is like no other. It allows you to create your own tokens and take part in self executing agreements in a new standard environment. The development team at Qtum has developed a cutting edge technology that allows one to translate human-readable agreements to smart contracts. The development team at Qtum aims to provide custom made smart contracts solutions aimed at such sectors as social networking, internet of things and supply chain management.
Blockchain on mobile
The number of people accessing the internet via their phones first surpassed those using desktops in 2016 fueled by emerging markets and this has number has risen steadily since. This makes the mobile platform an extremely important medium yet no cryptocurrency has focused on this market.
Qtum realized the untapped potential in mobile devices and became the first blockchain that focuses on this niche. It does through its simple payment verification protocol that is based on Bitcoin’s UTXO model but it’s fully based on Qtum’s codebase. This gives mobile devices the ability to execute smart contracts via lite wallets.
With previous blockchains, they were either Turing complete or not and this determined whether they could execute smart contracts or not. Qtum has however manipulated Bitcoin’s Script language to give extra functionality in that it can transfer code to Qtum’s version of the Ethereum Virtual Machine which then executes the smart contracts. This will allow the execution of smart contracts as well as the running of decentralized applications in a secure yet simple way. This functionality will combine the stability that is offered by the Bitcoin blockchain with the vast possibilities that the smart contracts offer.
Why you should care about Qtum
Qtum is the one blockchain platform that has brought everything together. This is crucial for the future of any digital currency. This is because as the number of cryptocurrencies increases, users become overwhelmed as each brings some sort of utility. Qtum brings these together to create a truly superior platform.
The incorporation of human-readable agreements into smart contracts is yet another reason that makes Qtum one of the most currencies moving forward. This unique feature will bring together the business world and the blockchain community together in a very cohesive platform that will benefit them both,
Qtum is truly the future of cryptocurrencies.