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Qtum [QTUM] climbs a step ahead, tie-ups and developer updates

On 16th July, Qtum announced their developer updates and also disclosed its new partnership with Trusted IoT Alliance.

Qtum is a decentralized, open-source smart contracts platform which also functions as a value transfer protocol. It uses the proof-of-stake [POS] consensus, meaning node operators are rewarded for the process of validating transactions.

Qtum tweeted:

“The Trusted IoT Alliance together with @QtumOfficial is proud to announce our first academic grant to @sheffielduni ’s researchers to study a field deployment of the Qtum protocol over LORA radio.”

Rachel Hieniken, a crypto-enthusiast said:

“good to see qtum going high. any plans to enter the top 10?”

The Trusted IoT Alliance in partnership with Qtum Foundation presented an award for academic research to the Department of Electronic & Electrical Engineering at the University of Sheffield, UK. Sheffield was selected for $60K grant by the members of the Trusted IoT Alliance.

The University’s proposition is intended to grow the blockchain network’s involvement with how blockchain protocol performs in lower power and slow data transmission conditions.

The proposed venture, which will start promptly will deploy a pan-European system to associate sensors that measure electrical power unwavering quality and accessibility.

The task will provide hardware prototypes associated with a bandwidth-constrained low power wide area that will serve as a reference platform for protocol and system testing.

Patrick Dai, Founder of Qtum, said:

“The aim of this work is to provide the Qtum community with a better understanding of how current and future features of the Qtum protocol can be applied to the IoT.”

The JBaas Tokyo Blockchain which was held on 7th July built the bridge between Qtum and the Japanese cryptocurrency enthusiasts. It fabricated a stage for native speculators to study better about Qtum’s ecosystem.

Wenbin Zhong, Qtum’s lead developer in China, spoke to the group on a board dialog, and furthermore gave an insight of the effect of Qtum’s specialized developments.

Followed by this, the 17th China Internet Conference was held on 10th July. This was hosted by the Chinese Ministry of Industry and many other governmental departments. The meeting was based on the topics of integration, advancement, collaboration, administration and main impetuses for the modern technology.

In this meetup, Qtum’s Founder & CEO, Patrick Dai, clarified about how Qtum drove the advancement of blockchain innovation. He explained how by enhancing the technology enthusiastically from the point of view of an industry insider and business person, Qtum was developed.

On 11th July, the Qtum Singapore meetup was held. The principal installment of the Qtum’s Southeast Asia engineer-developer meetups was held in downtown Singapore. Around 60 individuals of all aptitude levels, attended the event.

The greater part of the group was acquainted with blockchain and consensus algorithms. Over 50% of the gathering knew the details of proof-of-work [POW] and proof-of-stake [POS].

The 20% of the crowd were experienced developers who knew more than 2 consensus algorithms or the inner workings of the EVM [Ethereum Virtual Machine]. This discussion gave a comprehensive prologue to the Qtum blockchain for the audience.

The arrangements that Qtum made were working towards the 6 main issues digital currency chains confront, such as:

  • Security
  • Accounts not being an ideal basic data structure
  • Energy usage
  • Governance
  • Mobile-friendliness
  • Smart contract development is difficult to learn

As observed, Qtum had an eventful start to the Q3 of 2018, they confirm to hold more developer meetups in the coming months.

The post Qtum [QTUM] climbs a step ahead, tie-ups and developer updates appeared first on AMBCrypto.



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