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Qtum is an open-source cryptocurrency software founded in 2016 by a non-profit organisation in Singapore. Qtum aims to combine Ethereum’s smart contract functionality with Bitcoin’s security in order to offer an enticing alternative to the Ethereum blockchain. Qtum’s coin, QTUM, is used to pay the fees of those who help manage the network.
The Qtum Foundation was founded in 2016 as a non-profit organisation based in Singapore.
The Qtum foundation raised $15.6 million after they held an initial coin offering (ICO).
Qtum’s goal is to change the way application databases are stored.
Qtum uses a UTXO-based smart contract system with a Proof-of-Stake (PoS) consensus model.
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