What is Qtum (QTUM)? | Qtum Coin Explained in Under 60 Seconds

Qtum Blockchain Platform is a proof-of-stake (PoS) smart contract blockchain platform that combines features of both Bitcoin & Ethereum in one chain. The Qtum token (QTUM) powers the blockchain platform, and is used for staking and gas fees when creating QRC20 tokens.

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The Qtum Abstract Account Layer (AAL) combines the Bitcoin UTXO model with Ethereum’s smart contract functionality, allowing users to build applications & host them on virtual machines.

The Qtum Decentralized Governance Protocol (DGP) uses smart contracts to modify blockchain settings, and enable parameter upgrades without the need for a hard fork.

QRC20 tokens are created by Qtum smart contracts as digital assets to be used with decentralized applications (dAPPS) similar to ERC20 tokens.

The Qtum Global Network - With nodes distributed on six continents, Qtum has the largest PoS peer-to-peer network besides the Ethereum & BItcoin networks.

WEBSITE: https://qtum.org/