Qtum is a blockchain application platform. At its core, Qtum combines the advantages of the Unspent Transaction Output (UTXO) model, an Account Abstraction Layer allowing for multiple virtual machines, and a proof-of-stake consensus protocol aimed at tackling industry use cases. QTUM utilizes solidity smart contracts through its integration of the Ethereum Virtual Machine. Qtum's independent blockchain aims to bring smart contracts technology to mobile and connected devices, which is designed to bridge the still-existing gap between blockchain and the business world. This development strategy will also widely improve the commercialization of blockchain technology and its practicability.
Currently, there are more than 50 decentralized applications from various industries who are choosing Qtum as their blockchain foundation. Qtum’s team comprises individuals from nine countries, with two offices (one in Shanghai and one in Minsk). The team has experience working with many notable organizations including Baidu, Alibaba, Tencent, NASDAQ, and Microsoft. Additionally, Patrick Dai, co-founder of Qtum, was named on Forbes China's 30-under-30 for his contributions to consumer technology.