Qtum is a hybrid blockchain entirely focused on businesses with a POS consensus. The network incorporates both the characteristics of Bitcoin and Ethereum and was launched in mid-September 2017. Qtum allows to run decentralized applications as well as smart contracts using Ethereum virtual machine on the Bitcoin blockchain. This provides Bitcoin security coupled with Ethereum functionalities for companies. The Qtum foundation has made a fork of Bitcoin Core called Account Abstraction Layer that makes possible to jointly operate the EVM and the UXO specific to Bitcoin.
This data was last updated 2021-05-13 22:30:09 UTC