Qtum Launches Satellite for Blockchain Advantages

Qtum Foundation Pte Ltd (Qtum) is pleased to announce its collaboration with the SpaceChain Foundation to launch a standardized CubeSat. The satellite would carry Qtum's blockchain software technology on a Raspberry Pi device to provide unique advantages for Qtum users.









Qtum's Satellite Advantage





The barriers to entry for cryptocurrencies are low, and we now have over 14,000 cryptocurrencies in the world aside from the major cryptocurrencies such as Bitcoin, Ethereum, and Ripple. However, these cryptocurrencies are costly to maintain which ironically increase the barrier for widespread industrial adaption.

With the satellite launch, Qtum has lowered the cost of industrial usage which would set the stage for mass adaption of Qtum and also future application advantages. This satellite launch may be expensive, but it sets Qtum aside from the competition. It is the undisputed demonstration of our resolve to be the leading cryptocurrency and blockchain platform in the world.





The Qtum Foundation is the Singapore-headquartered decision-making body charged with accelerating the development of the Qtum blockchain network and protocol. Qtum's platform essentially combines the advantages of the Unspent Transaction Output (UTXO) model, an Account Abstraction Layer (AAL) that allows for multiple virtual machines, and a proof-of-stake consensus protocol built for tackling industry use cases. The platform utilizes solidity smart contracts through its integration of the Ethereum Virtual Machine and to date more than 50 decentralized applications have been deployed on Qtum across a broad spectrum of sectors including but not limited to Internet of things, intellectual property, market forecast, healthcare and clean energy. Qtum's independent blockchain aims to bring smart-contract technology to mobile and connected devices, in a bid to bridge the gap between blockchain and commerce, as well as to significantly improve the commercialization of blockchain technology and its practicability. Qtum's global team is comprised of members from nine different nationalities, bringing an aggregated wealth of experiences working at Baidu, Alibaba, Tencent, NASDAQ, Microsoft and other great companies. It launched its ICO on March 2016 and is currently valued at over $5B as of January 2018.



