BitMart Lists Qtum, the First Proof-of-Stake Smart Contracts Platform
BitMart Exchange, a premier global digital asset trading platform, recently announced the listing of Qtum (QTUM). QTUM/BTC, QTUM/ETH, and QTUM/USDT trading pairs will be available starting at 6 PM on November 27 and withdrawal feature will be available on November 28.
The Bridge Connecting BTC and ETH
Developed by the Qtum Foundation, Quantum (Qtum) is a Singapore-based decentralized platform that bridges Ethereum’s smart contracts on top of Bitcoin’s stable blockchain while using Proof-of-Stake for verification. As we all know: Bitcoin was designed to be a value transfer program, while Ethereum primarily a smart contracts platform. Qtum is developed as a hybrid of the two, a value transfer protocol which can support not only decentralized applications but also smart contracts.
The First PoS Smart Contracts Platform
Founded in March 2017, Qtum currently has over 5,330 nodes all over the world with 3,251 nodes in China and 429 nodes in the United States. Accordingly, complete and fully functional Qtum nodes can be launched efficiently in just 2 minutes combined with all the necessary development tools and libraries. With powerful supporting blockchain technologies, Qtum is the ideal initial BaaS partner for clients and businesses. Qtum’s stacked approach enables multiple virtual machines or run environments to operate on top of the blockchain. Besides, as the world’s first Proof-of-Stake (PoS) smart contracts platform, Qtum uses a PoS consensus model to reduce the computational challenges and increase security throughout the platform. Furthermore, Qtum will be the first blockchain platform allowing developers to build smart contracts using mainstream languages if the next-gen DAPPs become a reality.
“We are delighted to list QTUM on our exchange,” said BitMart Founder and CEO, Sheldon Xia. “I believe revolutions come from the combination of what exists now and what has never existed before. Qtum platform is a successful practitioner keeping the network decentralized and bringing smart contracts to everyone.”
Qtum is a decentralized blockchain project built on Bitcoin’s UTXO model, with support for Ethereum Virtual Machine based smart contracts, and secured by a proof-of-stake consensus model. It achieves this through the revolutionary Account Abstraction Layer which allows the EVM to communicate with Qtum’s Bitcoin-like UTXO blockchain. Breaking this down, Qtum provides users with the ability to create and manage DAPP’s through smart contracts, in a similar fashion to Ethereum. Unlike Ethereum however, Qtum has the added benefit of using the Bitcoin UTXO model for added security.
BitMart Exchange is a premier global digital asset trading platform in the cryptocurrency market with over 530,000 users worldwide and ranked among the top 10 crypto exchanges on CoinMarketCap. BitMart currently offers 152 trading pairs with one of the lowest trading fees in the market.