Qtum Newsletter Update:(Please remember, there is an individual or group of individuals that are spamming Qtum updates on this forum and various Slack channels. If you receive a Qtum related message, please report them immediately. The team does not endorse this kind of activity)
Qtum Sparknet Launched
Testnet Launch
The Test Network launch event held in Shanghai was a great success. Roughly 250 Qtum supporters attended the event to see what we had been working hard on over the past year and get an introduction to the dapps.
BlockchainHack - MoscowBlockchainHack, which took place this past weekend at the Pavletsky Art Center in Moscow, was the largest blockchain in Russia to date. Over one hundred developers participated in the event and even more came to learn about blockchain technology. The weekend started off with 45 groups which were narrowed down to 25. Developers stayed up all night to win part of $100,000 in prizes. BlockchainHack was made possible by the almost 20 partners that helped organize, fund, and promote the hackathon.The third place Qtum prize for 1,000 Qtum tokens went to BlockJudge. BlockJudge is an arbitration service based on smart contracts and a reputation system. In the case of conflicts, customers can open a dispute in our arbitration system. The arbitrators/judges stake their reputation and arbitrators reward distribution depending on it so, they are motivated to resolve a dispute fairly. Check out the team’s project on
https://github.com/BlockJudge/BlockJudge The second place Qtum prize for 2,500 Qtum tokens went to Jufy. Jufy is an app that lets people see upcoming ICOs and participate in them through the app. The team of two plans to follow through with the app they built and make it available to everyone in the future. We hope that these two students have enough time over summer to get this out, we can’t wait.
The first place Qtum prize for 5,000 Qtum tokens went to Wafer. This is a decentralized router sharing service. The platform offers this functionality: To distribute the Internet for rent through a router or to lease traffic from an Internet router that distributes it. With the advent of the platform, people no longer have to do without the Internet when it is necessary - at any time the user can find the nearest distributing router and rent traffic. Here’s their
https://github.com/playertwo/wafer We would like to thank all the developers and people who made BlockchainHack such a success. We realize that it’s always a little difficult to try new things and get them working in just one weekend. So, for the developers who were building on Qtum, our hats are off to you. We hope we can come back soon to host another hackathon in Russia, but until then, keep building.
Qtum's State of Expenditures
As promised, we are releasing how we are using the Foundations funds in order to be the most transparent blockchain project. Keep in mind that these expenses are priced in BTC which has gone up over the months and makes the expenses appear like they are decreasing. The real costs in dollar terms should go up as we expand our team and gear up for the mainnet release in September. Please note, some of the expenses weren't amortized over the period of their use, which is why some months have more expenses. We will be releasing the amount of funds we hold in BTC, ETH, and USD later this month.
In the newsThe Qtum Press Release was picked up by two news sites:SOURCE: QTUM
PLACE/DATE: SINGAPORE - JUNE 28TH, 2017
Leading-edge technology brings best of blockchain together
The Qtum Foundation is pleased to announce the launch of Sparknet, the first public test of its innovative blockchain platform, which combines crucial advantages of Bitcoin, Ethereum’s Virtual Machine and proof-of-stake consensus.
The Qtum (pronounced Quantum) blockchain model was inspired by the rivalry between proponent developers of the world’s most active blockchain communities, said Qtum co-founder Patrick Dai.
“We want to illustrate efficient scalability and compatibility between blockchain technologies,” said Dai. Qtum raised $15.6 million in a crowdsale in March.
The Qtum blockchain operates according to the Unspent Transaction Output (UTXO) model, which ensures consistency in transactions and the traceability of tokens. At the same time, a virtual machine for smart contracts is layered on top of Qtum’s blockchain, which presents to developers a best-of-both-worlds architecture for the construction of decentralized mobile applications and other blockchain-based ventures.
Co-founder Jordan Earls, who leads Qtum’s team of almost two-dozen developers, said the testnet would feature an Ethereum Virtual Machine smart contract implementation along with Qtum’s proof-of-stake protocol.
“I’m ready to get this in the hands of the community and see what everyone’s response to it will be, in particular, what features other developers can come up with,” said Earls.
“The Qtum team continues to execute and build what can be one of the most exciting and innovative railroads in the blockchain ecosystem,” said Matthew Roszak, Qtum Angel investor and co-founder of Bloq.
Six decentralized applications are already being built for the blockchain, Dai said. Among the applications are a peer-to-peer mobile streaming platform and a prediction market.
While these applications are geared to the Chinese market, the Qtum blockchain will appeal to a global audience, accessible to all developers.
“Like many others around the world, I’m eagerly awaiting the launch,” said Roger Ver, a Qtum Angel investor who has been investing in bitcoin startups since the beginning.
To get developers familiar with Qtum, the Foundation is sponsoring a hackathon in Moscow on July 1-2. For more information, visit blockchainhack.ru.
Visit Qtum’s Github page to view the project’s code repository, which will be accessible to the public on the day of the testnet launch.
About QtumQtum is a blockchain application platform. At its core, Qtum combines the advantages of Bitcoin Core, an Account Abstraction Layer that allows for multiple virtual machines, such as the Ethereum Virtual Machine and a proof-of-stake consensus protocol aimed at tackling industry use cases. The Qtum Foundation, headquartered in Singapore, is the decision-making body that drives the project’s development.
Another project builds on the Qtum Blockchain:Powered by Qtum
Smart Contract Engine With UTXO and POS
Bodhi prediction market will be built on top of the Qtum blockchain. Qtum combines Bitcoin Core infrastructure with Ethereum Virtual Machine to provide stability, modularity and interoperability for dApp built on its platform. Bodhi aims to be one of the earliest and largest dApps run on Qtum.
Disrupt China Prediction Market
The world's largest emerging market
With the largest internet users in this world, China potentially will become the largest prediction market. Bodhi focuses on brining China prediction market to the world. And unlock crowded wisdom with real decentralized application.
Augur + Gnosis
A perfect combination of Augur and Gnosis
Bodhi platform enables both centralized third party Oracle and decentralized voting-based Oracle by bringing a Oracle abstraction layer. Meanwhile, Bodhi brings a replaceable Oracle mechanism so that to make our platform efficient and self-governed.
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