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Home News Qtum Ignition Tackles Scalability with First Decentralized Governance Protocol

Qtum Ignition Tackles Scalability with First Decentralized Governance Protocol

Qtum has announced the launch of its mainnet, Ignition, a groundbreaking blockchain platform which provides the first decentralized governance protocol and proof-of-stake consensus mechanism for smart contracts.

Blockchain industry leaders are increasingly looking to Qtum to solve complex issues of scalability and deliverability for their projects, and Qtum delivers a smart contract platform running on a proof-of-stake consensus for the first time. This allows individuals and businesses to use smart contracts on mobile devices while staking their Qtum holdings to secure the network. The Qtum Mainnet goes live September 13, 2017.

“Many projects have gone silent after their token sales, but Qtum has diligently built an industry-changing platform that tackles the challenges faced by developers,” said Qtum Co-Founder Patrick Dai, who was recently named on Forbes China’s Top 30 Under 30 list for his contributions to consumer technology. “Beyond fixing issues of scalability, developers building their projects on Qtum gain access to China’s extensive market.”

Qtum’s Ignition release includes a working smart contract and decentralized application platform secured by a proof-of-stake consensus model. Its decentralized governance protocol ensures scalability is not an issue, and Qtum plans to continue testing new features to deliver a truly decentralized blockchain platform.

“Ignition is the start of a new era in blockchain,” said Qtum Co-Founder Jordan Earls. “It’s bringing to light what the community has waited years for, a proof-of-stake smart contracts platform with truly decentralized governance.”

As Qtum adds functionality and prepares for broader adoption, the team has joined several organizations to influence decision-making in key sectors. Qtum recently became a founding member of the Trusted Internet of Things Alliance. Jordan Earls has joined the Chamber of Digital Commerce’s Smart Contracts Alliance as co-chair. In addition, Qtum has added one of China’s most notable entrepreneurs and angel investors, Charles Xue, as a strategic advisor.

Qtum is a blockchain application platform. At its core, Qtum combines the advantages of Bitcoin Core, an Account Abstraction Layer allowing for multiple virtual machines, and a proof-of-stake consensus protocol aimed at tackling industry use cases. The Qtum Foundation, headquartered in Singapore, is the decision-making body that drives the project’s development. Learn more at qtum.org.

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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