QTUM - A Crypto for Decentralized Applications (DApps)
QTUM is a very remarkable business-oriented blockchain project targeting a very specific market. The project is currently valued at over US$3.65 billion, which is very impressive. The Qtum team mainly focuses on helping businesses build decentralized applications and specifically, they look to build solutions which can be executed on mobile devices. These all applications have to be compatible with major existing blockchain ecosystems. That makes this project very challenging and visionary in nature.
Qtum uses a modified Bitcoin Core infrastructure combined with a slightly altered version of the Ethereum Virtual Machine. Due to this, businesses get the reliability of Bitcoin’s blockchain technology combined with smart contract technology and other technical features found in Ethereum. Qtum's main focus is on stability, interoperability and modularity.
The decentralized applications built with Qtum are designed to be compatible with major blockchain ecosystems. This is very postive thing, since we need more blockchains to work together and strengthen the ecosystem as a whole.
Currently, over 20 DApps are available or in development on top of the Qtum infrastructure. The list of applications include Beechat, Matchpool, Pundi X, and Energo. These applications seem to tackle very different industries, although they are in various stages of development.
Like most other cryptocurrencies, the Qtum nodemap shows a decent degree of decentralization. Even though, the project seems to be off to a good start, but there is a lot of work yet to be done.
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