Blockchain Angels Invest $1 Million in Bitcoin-Ethereum Hybrid Qtum
A new public blockchain that would seek to merge popular design aspects of both the bitcoin and ethereum blockchains has raised $1m in funding. By marrying bitcoin's transaction model with a similar consensus system to the one in development at ethereum, Singapore-based Qtum is seeking to appeal to distributed application developers who may be experiencing difficulties with one or both systems. Investors in the company include a host of notable blockchain entrepreneurs, including ethereum founder Anthony Di Iorio, OKCoin CEO Star Xu, BitFund founder Xiaolai Li and Fenbushi partner Bo Shen.....
Related News
Bitcoin.com recently covered the blockchain project Qtum that mixes the Bitcoin protocol with the Ethereum Virtual Machine in order to enhance smart contracts. We chatted with Patrick Dai, co-founder of Qtum, for more technical information. Dai gives our readers the inside scoop on what this project entails and its goal to create a new blockchain....
Even though Qtum is designed for developers, rather than consumers, the average person on the street will reap the benefits of what Qtum has to offer. It is impossible to ignore the Qtum crowdsale right now. This project will change the way people think about bitcoin and Ethereum technology altogether. With an enterprise-oriented approach, the next wave of decentralized applications is just around the corner. The project also attracted quite a lot of interest for their crowdsale on day one, raising a lot of bitcoin and Ether in the process. Before the first day of the crowdsale had passed,....
Qtum, a forthcoming digital currency and open source community project, announced this week that it had passed $1 million in backing from top industry executives. Some of the project’s high-profile supporters include co-founder of Ethereum and founder of Jaxx Blockchain Interface, Anthony Di Iorio; co-founder of Augur and EIR at Blockchain Capital, Jeremy Gardner; OkCoin CEO, Star Xu; blockchain technology advocate Bo Shen; billionaire Kuaidi Dache founder, Chen Weixing; and Chinese angel investor Xiaolai Li, among others. The Qtum Project began in March of 2016 as a proof-of-concept, led....
Qtum is "one step closer" to realizing its DeFi ambitions. Long-standing smart-contract platform Qtum will be home to a new decentralized exchange on Friday after QiSwap, an independent liquidity protocol, completed its testnet phase. Qtum indicated in a recent press release that the integration of QiSwap has moved the platform “one step closer to realizing its decentralized finance ambitions.”The launch of the QiSwap mainnet on Friday will allow anyone to build decentralized finance applications and provide liquidity on top of the Qtum blockchain. QiSwap is a decentralized exchange that....
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. A Project That Mixes....