Qtum
Name
Qtum
Summary
-Qtum Is an open source blockchain protocol which also functions as a transfer value protocol
-It was founded in 2017 by Patrick Dai Along with Neil Mahi and Jordan Earls
-It utilizes both Bitcoin and Ethereum blockchain networks for its operability
Rating
Symbol
QTUM
Overview
Qtum was created to solve the major problems of proof of work (PoW) which always bothered the founders of QTu, the problems were namely interoperability, governance, rigidity and costliness of proof-of-work mechanism and difficulty of connecting smart contracts with real life applications
Qtum utilizes the The Bitcoin blockchain network as its Core platform in order to secure and stabilize the network by using the UTXO platform.It has also integrated ethereum’s EVM So the chain can process code that is essential for running d a p p s And various other smart contracts.
Historical Price Movement (in INR)
Technology
Qtum uses a middleware layer Technology for it stack which is also called as an account abstraction layer (AAL), which ensures the UTXO set is compatible with the smart contract execution layer. It uses both bitcoin blockchain network and ethereum blockchain network, as its core platform as well as for its smart contracts respectively.
It uses the proof of stake( PoS) Consensus mechanism.
Use of Native tokens in the ecosystem: QTUM Can be used for transaction fees or gas fees as well as can be used as a governance token for voting on governance issues.
Crowd Sale Investors
51%
Angel Investors
8%
Qtum Team Members
12%
Marketing Budget
9%
Business Development
20%
Volume ( as of 10th May 2022)
$230,629,108
Total Supply
103,944,501 QTUM
Circulating Supply
104,148,012.00 QTUM
Crowd Sales
5 rounds of funding amounting to $16.9M
Funding
19/12/2018-Grant- $400K
17/0 3/2017- ICO-$15.5M
17/0 3/2017- ICO-N.A
17/0 3/2017-ICO-N.A
11/01/2017-Seed Round-$1M
Country
Singapore
Year Incorporated
2018
Registered Address
3 Fraser Street, #05-25 Duo Tower, Singapore 189352.
Dispute Resolution and Governing Law
Singapore
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Patrick Dai | Founder | University of Chinese Academy of SciencesDoctor of Philosophy (Ph.D.), communication and information systemUniversity of Science and Technology of ChinaMaster’s Degree, Computer ScienceSSichuan UniversityBachelor’s Degree, Computer Science | 17Yrs |
| Niel Mahi | Co-Founder , CTO & Blockchain Architect | - | - |
| Jordan Earls | Lead Developer | - | - |
Whitepaper 
