Qtum

Overview

Qtum is a hybrid blockchain platform that combines Bitcoin's UTXO model with Ethereum's smart contract capabilities, using a Proof-of-Stake consensus mechanism. The platform aims to provide a business-friendly blockchain infrastructure for decentralized applications (dApps) development.

Purpose and Utility

Qtum's primary purpose is to serve as a smart contract platform optimized for business applications, particularly in areas like supply chain management, telecommunications, and IoT integration. The QTUM token is used for transaction fees, staking to secure the network, and governance.

Business Model Analysis

The platform's business model focuses on providing blockchain infrastructure for enterprise solutions. The core technology and use cases are halal-compliant, as they involve legitimate technology development and value transfer. No inherent interest-bearing mechanisms or impermissible activities are built into the protocol's core functionality.

Adoption and Usage

Qtum has established partnerships with various businesses and organizations, particularly in Asia. The network processes thousands of daily transactions and supports multiple dApps. Development activity remains consistent, with regular updates to the protocol.

Token Distribution

The initial token distribution allocated approximately 51% to the public sale, with the remainder distributed among founders, early backers, and the foundation. Vesting periods were implemented for team allocations, demonstrating commitment to long-term development.