See QTUM's vision to subvert and lead the global economic development with technology from the open
On June 16, 2016, a large-scale free blockchain course successfully closed, It was jointly organized by Qtum, Hong Kong blockchain financial giant DINO Platform, Asia's leading blockchain service provider Standard Kepler, and a joint research fellow at the Hong Kong University of Science and Technology Department of Computer Engineering. Everyone at the site discussed how technology can disrupt and lead the global economic development, and how the Qtum can be realized for commercial applications.
Qtum market cap now is $904,050,004 USD and ranked 21. It has been targeting technology realization and innovation as a goal since 2016 to help realize real business value. Qtum has grown to be one of the most influential blockchain projects in the world with 7000 nodes (third in the world), all the nodes are spread over 65 counties. These achievements are inseparable from the sound and steady technological development behind it.
The Qtum innovation focuses on these three points:
1. Account abstraction layer AAL - secure, flexible and scalable
2. Mutual Benefits Proof Mechanism (MPoS) - Qtum is the first running smart contract platform with PoS consensus mechanism
3. Distributed Autonomous Agreement (DGP)—Realize branchless upgrade and smart governance through smart contracts
As a smart contract platform, the development vision of the Qtum x86 virtual machine is to provide a more mature development environment for smart contracts. So far, no real killer applications (except Bitcoin) have appeared in the entire industry.
The reason why people don’t know and recognize the blockchain technology enough is that there are not decentralized applications that are truly meaningful. This is because developers can only use the Ethereum virtual machine to write and execute smart contracts. It can only support Solidity, a non-mainstream programming language, which limits the high threshold for the development of smart contracts. The original intention of designing the Qtum x86 virtual machine was to break this threshold and attract more developers to participate in this big ecosystem, and spawn more killer applications. So to some extent, Qtum x86 is a competition-qtum vs ethereum.
Qtum steadily realizes technological advancement and thus promotes the development of a new global economy. This development process requires the development and expansion of technology by many technology developers. Therefore, qtum is willing to cooperate with more universities and technology development communities (just like ripple who also very concerned about the future development of blockchian, and it started the UBRI plan and donated $2 Million for the University of Texas Blockchain Program on Monday this week), and hopes that more and more technology developers are sincerely willing to do some hard work for the entire blockchain ecosystem. Qtum will also provide some technical support and economic support.
Generally speaking, I personally think that Qtum's vision is relatively long-term. Some of it’s actions including cooperation with universities, focusing on the cultivation of future technical talents, and deepening everyone's understanding of blockchain technology are enough to illustrate this point. So I’m optimistic about it.