The Qtum Foundation is the Singapore-based non-profit organization that supports the development and promotion of the Qtum blockchain protocol. Launched via an ICO in 2017, Qtum was designed to be a hybrid platform for building decentralized applications (dApps) suitable for business and institutional use. It achieves this by integrating Bitcoin's reliable Unspent Transaction Output (UTXO) accounting model with an Account Abstraction Layer, allowing it to run Ethereum's smart contracts. The network is secured by a Mutualized Proof-of-Stake (MPoS) consensus mechanism, which allows users to stake their coins and participate in securing the network without needing to run a full-time node.

Founded in

Singapore