Note: This article reflects the author's personal views.
The blockchain space in 2018 witnessed numerous innovative projects aiming to reshape digital currencies and unlock blockchain's potential. Among these, Qtum Quantum Chain emerged as a standout open-source blockchain project, blending the strengths of Bitcoin and Ethereum ecosystems.
What Is Qtum Quantum Chain?
Qtum Quantum Chain is a decentralized layered blockchain combining Bitcoin's UTXO model with Ethereum Virtual Machine (EVM) compatibility. Its architecture consists of:
- Settlement Layer: Handles UTXO transactions (like Bitcoin).
- Contract Layer: Executes EVM-compatible DApps and smart contracts with enhanced efficiency.
The "Multitasker": Qtum’s Account Abstraction Layer
Qtum’s Account Abstraction Layer (AAL) enables seamless interaction between UTXO and EVM account models. This allows:
✔ Easy migration of smart contracts from any VM.
✔ Full support for Ethereum-based DApps.
Key Milestones That Defined Qtum’s Success
1. Launching the First Space Blockchain Node
In February 2018, Qtum made history by deploying a full network node on a satellite, marking the first blockchain node in space. This achievement galvanized its community and showcased Qtum’s technical ambition.
2. Strategic Partnerships for Credibility and Growth
Qtum collaborated with industry leaders to bolster trust and adoption:
🔹 Partnership with 360 Finance Blockchain Lab
- Established China’s first blockchain底层技术实验室 (底层技术实验室 =底层技术实验室).
Focus areas:
- Distributed ledger R&D
- Next-gen smart contract VMs
- Contract security audits
🔹 Collaboration with Video Giant Storm (暴风影音)
- Joint development of Bokocloud, integrating blockchain with streaming.
- Planned deployment of 50,000 full nodes on Qtum’s network.
🔹 Gazfond’s Investment in INK (Qtum-based DApp)
The world’s largest pension fund backing INK signaled growing confidence in Qtum’s ecosystem for decentralized applications.
Why Qtum Quantum Chain Stood Out
- Hybrid Model: Merged Bitcoin’s security with Ethereum’s flexibility.
- Real-World Use Cases:太空节点, enterprise partnerships, and DApp growth.
- Community Trust: Strategic alliances with 360, Storm, and Gazfond enhanced credibility.
👉 Discover how blockchain innovations like Qtum are reshaping finance
FAQs
Q: How does Qtum differ from Ethereum?
A: Qtum uses Bitcoin’s UTXO model for transactions but supports EVM for contracts, offering dual-layer efficiency.
Q: What was unique about Qtum’s space node?
A: It was the first blockchain node deployed on a satellite, proving decentralized networks can operate extraterrestrially.
Q: Why are partnerships critical for blockchain projects?
A: Collaborations (e.g., with 360 or Storm) validate technology and accelerate mainstream adoption.
Conclusion
By bridging Bitcoin and Ethereum’s strengths while forging high-profile partnerships, Qtum Quantum Chain demonstrated blockchain’s跨界potential in 2018. Its layered design and real-world progress positioned it as a pioneer among hybrid chains.
👉 Explore more about Qtum’s technology and latest developments
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