Trade QTUM - QTUM Markets, Exchanges, Broker
It could be that the next big wave of blockchain trends is to create projects that are designed from the start to appeal to large companies.
While many projects today are created for people who want to free themselves from centralized companies, monopolies and large governments, others have decided to take a different path to differentiate themselves. Qtum is a blockchain project based in Singapore that is aimed directly at large companies.
What is Qtum?
Qtum is a crypto project that offers intelligent contracts and is designed to ensure interoperability between the blocks. While Ethereum still uses Proof of Work today, Qtum already uses the Proof of Stake algorithm.
Since Qtum is focused on companies, there are some sources that indicate that Qtum has already done business with two large companies. The first is the Starbucks coffee conglomerate, but no details about this partnership are given. The second was with a Chinese company called 360 Finance, which offers antivirus and firewall software and also operates a Chinese search engine.
Qtum - Token
Qtum had a strange start at the beginning of the year. First a series of Qtum tokens was released as ERC-20 tokens. However, these tokens should not be the final Qtum crypto currency.
Competitor for Ethereum?
It seems that the biggest difference between Qtum and Ethereum is mainly due to marketing and that Qtum already has a proof-of-stake consensus. Unfortunately, Ethereum already has a huge lead over Qtum and has hundreds of different projects in which many large companies are involved.
However, this does not mean that all hope for Qtum is lost, as their offerings are so different and can attract both companies. It should also be noted that Qtum is not the only intelligent contract platform aimed at large companies.
Who is behind Qtum?
Qtum is operated by the Qtum Foundation, headed by Patrick Dai. Dai comes from Alibaba, China, and graduated from Draper University in Silicon Valley.
Other members of the team have experience in business administration, software development, web development, mobile development and various other projects. The team itself consists of people who come mainly from mainland China. Roger Ver is also listed as an investor on the company's website.
Conclusion
It seems that today there is suddenly a large number of Ethereum clones on the market that all offer intelligent contracts and business-oriented solutions.
What will be decisive is how these projects can differ from each other. Ethereum is the first provider to have become the gold standard for smart contracts. Bitcoin has also become the gold standard for crypto currencies. Qtum has a lot of competition, including the well-known NEO project, which also comes from China.