What is Qtum?
Qtum is a brainchild of the Qtum Foundation and the project made its foray in 2016 as an Open-Sourced Blockchain network. The hallmark of the Qtum blockchain technology is to allow the execution of Ethereum Blockchain styled Smart Contracts despite being built on Bitcoin's UTXO transaction model.
The Qtum Foundation held a very successful Initial Coin Offering (ICO) in 2017 in which it sold out about 51% of the maximum 100 million QTUM Tokens, a sum pegged at about US$15 million. Following the ICO, the Qtum blockchain software went live in October 2017.
Qtum works as a Proof of Stake network with a Decentralized Governance Protocol (DGP). The Qtum Foundation aims to make its products or smart contracts business-friendly for mass adoption.
