Qtum is an open-source hybrid blockchain application platform. Qtum’s core technology combines the security of UTXO model, robust Bitcoin core architecture and an Account Abstraction Layer, which acts as a bridge to communicate multiple Virtual Machines, including the Ethereum Virtual Machine (EVM) and x86 VM. The Proof-of-Stake consensus mechanism enables true decentralization, while also increasing stability, security and efficiency of the blockchain platform.
Decentralized Governance Protocol (DGP)
Qtum employs a decentralized governance protocol allowing for blockchain parameters like the block size, block time, gas schedules and the minimum gas price for contracts to be modified without ecosystem disruption.
Enterprise Blockchain Development
Unita, the latest development and contribution to Qtum framework, is an enterprise edition of Qtum that allows to rapidly deploy blockchain technology. It features high tps and short confirmation time for blocks, providing businesses with an advanced tool that opens the door for new opportunities.
Plans for Further Development
Work is ongoing on improving the framework payment channels. Currently, Qtum allows transaction bandwidth as high as 50 000 tps. We have successfully tested and are soon to incorporate Lightning Network to allow for even higher tps and increased scalability. There are also plans to integrate with Oracle and Datafeed, allowing developers to build smart contracts and incorporate established, well-known and trusted software solutions within their applications.