(August 17, 2017 - Singapore) - The Qtum (pronounced Quantum) project is proud to announce the first decentralized blockchain governance known as “Qtum Skynet”. This platform allows consumers and businesses to utilize smart contracts on mobile devices through the secure Qtum network.
This is a major development because a “Decentralized Governance Protocol” (DGP) will allow the Qtum project to modify its blockchain parameters without hard forking the network. This passive fork technology can allow such parameters like the block size, block time, gas fees to changed by a blockchain monitoring smart contract and community stakeholders. This makes Qtum’s blockchain to be the first self-regulating, self-modifying, and self-aware blockchain in the industry.
Patrick Dai, who was just listed as one of Forbes China’s Top 30 Under 30 for his contributions in the consumer technology industry, said “stability comes in many forms, secure software is only one part. A healthy forum to discuss governance is really important in blockchain communities.”
This DGP integration is designed to work flawlessly with Qtum’s new proof-of-stake implementation known as Smart Stake . According to Qtum, this will be the first time the industry will have access to a working smart contract platform. Due to the high level of functionality, industry experts have suggested that strong industry adoption is possible. The Qtum team is making sure they have a voice in the right places. Recently, Qtum became a
founding member of the Trusted Internet-of-Things Alliance, which aligns perfectly with the Qtum development roadmap.
“I’m proud to represent Qtum at the highest echelons in this industry. I work primarily on smart contract platforms, so this fits perfectly,” said Earls.
Additionally, Qtum has added one of China’s most notable entrepreneurs and angel investors, Charles Xue, as a strategic advisor. "I've met dozens of Chinese and international blockchain projects lately, and the Qtum blockchain is by far one of the most innovative," concluded Xue.
Qtum is a blockchain application platform. At its core, Qtum combines the advantages of Bitcoin Core, an Account Abstraction Layer allowing for multiple virtual machines, 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. Learn more at qtum.org .