QTUM Qtum Cryptocurrency Analysis

The South Korean government introduced the real-name system for crypto exchanges in January with the aim to convert all accounts at crypto exchanges into real-name-verified ones. This system is part of the regulators` anti-money laundering measures.

Qtum, in cooperation with its academic partners, develops tools and methods to standardize the workflow for business smart contract development. This includes the formally verifiable translation of human-readable agreements to machine smart contracts, and the error-resilient specification of their elements, terms, and conditions.

Setting Industry Standards

Cooperating with a series of partners and third parties, Qtum aims to establish a smart contract hub, offering secure and thoroughly tested contract templates, tailor fitted for a multitude of industries and use cases, such as supply chain management, telecommunications, IoT, social networking, and many more.

Go Mobile

Building on Bitcoin`s UTXO model, the simple payment verification (SPV) protocol is supported by the Qtum codebase by default. As a result, it is now possible to execute smart contracts from lite wallets, which can be easily installed on any given mobile device, heralding an age of mobile decentralized applications.

With this, the blockchain is finally ready to take up disruption in a world in which half of all internet traffic is being generated by smartphones and tablets.

Account Abstraction Layer

Qtum extends Bitcoins 'Script' language so that it functions as a vehicle to transport code to Qtum`s version of the EVM. With this, it is now possible to execute smart contracts and run decentralized applications, simply and securely, in environments that were previously out of reach for turing-complete blockchains, combining the endless possibilities provided by smart contracts with the stability and maturity of the bitcoin ecosystem.

Cross-Platform and Backward Compatibility

Qtum is compatible with existing Ethereum contracts as well as Bitcoin gateways and will maintain backward-compatibility even if the system is updated.

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