Qtum
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in Qtum from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Qtum.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.