Blockchain for Beginners
IN THE TRANSITIONARY period that lies between legacy business systems and the blockchain, there is a very big space for a company to chaperone aging organizations to this nascent technology. Enter Qtum, which makes corporate smart contracts easy and quick to implement.
Many of the evident business benefits of a distributed ledger or a self-executing supply chain are just pipedreams for companies new to the scene. Combining Ethereum’s ease of programming with the stability and security of the Bitcoin blockchain, Qtum developers will provide tools, blueprints, and pre-built smart contracts to act as catalysts for this global shift.
Oftentimes hyped as an ‘Ethereum Killer’, the Qtum team sees itself more as a bridge between the Bitcoin and Ethereum communities, along with recruiting talent from traditional Chinese companies like Baidu, Alibaba and Tencent. According to co-founder Patrick Dai, “Our backers like the fact that we have taken into consideration what has and has not worked for blockchain technology… and they see us building from there.”
But let’s not get too carried away. For that, we need the words of Bitcoin evangelist, Andreas Antonopolous:
“Currency is only the first application [of blockchain]. If you grasp that, you can look beyond the price, you can look beyond the volatility, you can look beyond the fad. At its core, bitcoin is a revolutionary technology that will change the world forever.”
Circulating Supply: 88,664,516 QTUM