Cryptoeconomics Security Conference, 2017

After we attended the Nashville Distributed: Health conference, we traveled to San Francisco to attend CESC 2017, which took place at the University of Southern California, Berkeley. We sponsored this event and gave a speech about the “Economics of Fees and Gas” which you can read about on Jordan’s blog:

If you would like to see a live video recording, please see our official Facebook video section:

We met with many community members and other interested parties.

Community Content:

Please give a big thank you to one of our talented community developers, Cryptominder, who wrote a developer guide

Qtum community member “Calbert65” created a nice staking calculator and Block Explorer. You can see his reddit thread here:

https://www.reddit.com/r/Qtum/comments/759cnh/staking_calculator_qtum_qtumexplorerio/

Here is a link to his calculator.

Please keep in mind that they have Qtum donation addresses posted, so if you find these services useful, please send them a tip.

SF meetup

Recently the Qtum team held a “Fireside Chat” style meetup in San Francisco. We hosted this on a rooftop venue overlooking the Bay Area and Golden Gate bridge. Our MC was Andy Tang, the CEO of Draper University, who talked with 2 of the Qtum Co-Founders; Patrick Dai, and Jordan Earls. About 150 people attended.

The live stream was a touch shaky, but we did capture the event on Facebook:

Jordan and Patrick discussed a bit about their involvement with Blockchain technology. There was an invitation from Patrick for anyone with Blockchain and development experience to apply at Qtum. We have a lot of developers, but we are always looking for the best talent in this industry.

Patrick comments on how far technology has come over the last few decades, going from the first mobile phone and the internet, to high speed mobile networks, and the introduction of ‘money’ to all of this. This is what allows such disruptive technologies to emerge, when everything aligns, you start to see Uber and Bitcoin, etc.

Andy, the CEO of Draper University, comments that this new economy is different than traditional companies. He mentions that when a company is worth a billion dollars, typically you’ll see the shareholders and executive team taking most of the wealth, but with Blockchain projects, the wealth is distributed to the community, who are the real shareholders.

Andy goes on to say that the Draper network has played a part in creating a lot of billion dollar funds and projects, but there has never been one that happened as fast as the Qtum project. Patrick Dai attended Draper University in the past, along with 2 other members of the Qtum team; John Scianna and Natalie Deng.

Patrick was asked what made the Qtum project so successful during the crowdsale, and if we could share some wisdom to other entities looking to build on this knowledge. Patrick mentioned that the industry was a lot different in March 2017, but what we did differently was spend more than 6 months preparing for our crowdsale. We had our Angel Backer program in place, which allowed us to raise 1 million dollars to market the project, and we had developers already working on the code.

The fact that the proof-of-concept was completed by the time of the crowdsale showed that this was a project that could actually be accomplished, and not take multiple years to deliver the baseline product. Patrick mentions that we raised the 15.6 million dollars we needed to fund the project for 4 years.

This preparation was critical to the success of the crowdsale, as it gave us credibility beyond our Whitepaper. The amount of money we asked for was realistic, which all contributed to a successful campaign.

Patrick talked a bit about what we are doing to build the Qtum ecosystem. He announced that we have invested in a Chinese startup company called Soma, which is a messaging platform with 50 million accounts. He said we will do a Qtum integration, which will bring awareness to our brand. He went on to discuss how we are talking with some researchers at the University of Southern California, Berkeley about future collaboration.

Jordan starts to discuss our “Decentralized Governance Protocol” which allows the Qtum Blockchain to adjust certain parameters of the platform through community consensus. For example, if the 2mb block size is no longer big enough, this can be brought to a vote, which Qtum token holders can participate in. If the cost of gas is too high, it can be adjusted as well.

Shortly after, the Decentralized Applications building on top of Qtum started their portion of the presentation.

Vevue Thomas at the Meetup

We had some guests join us to speak about their Qtum Decentralized Applications.

Thomas from Vevue spoke about their video sharing platform, that makes use of Qtum’s Smart Contract capability.

https://www.vevue.com/

Bitclave discussed their Decentralized Search Engine technology.

And Bodhi discussed their Chinese prediction platform.

Meeting with ledger

Last week Patrick and Brett met with a Ledger staff member in San Francisco. We submitted our code to them for review, and were told Qtum should be officially supported sometime in October or November. They are extremely busy right now, so please be patient if this takes longer.

Labitconf coming up

Some members of the Qtum team will travel to Colombia for the 2017 Labit Conference. This will take place in December 2017.

Let us know if you will attend so we can set up a time to meet.

Qtum Ignition Staking is Live!

We will release a staking guide that discusses our Smart Stake technology shortly, but it is actually quite simple to stake your tokens on our main network. You simply need to download a Qtum Ignition Main Network wallet from our Github repository:

Once your wallet is updated, you must encrypt it, then back it up. Make sure that you save the file to an external device, like a USB pen drive. Send a small amount of Qtum Ignition Main Network tokens as a test. Please note that Qtum ERC20 tokens should never be sent to the main network. Once your test send arrives, it will be spendable in 10 confirmations. After 500 confirmations, each token will represent 1 “weight” on the network.

Make sure that you unlock your wallet for staking only, and be sure to use a strong password that is not based on dictionary words. It should be at least 16 characters, but try to make it as complicated as possible. If you lose this password, it is almost impossible to retrieve your Qtum tokens, so be extremely careful.

There are approximately 720 blocks generated daily, which means you are competing with other stakers for a chance to solve a block. When you are successful, you will receive 4 Qtum, which is paid out over 501 confirmations. This is your reward for securing the network.

Upcoming Wallets

Sneak peek of the Qtum trustless web wallet:

Sneak peek of the Qtum Apple Watch wallet:

Matchpool & Bitclave

Please see the announcements made by Matchpool and Bitclave. They will both build on the Qtum platform. Matchpool will dual launch on Qtum and Ethereum.

Qtum Crowdsale Participants ICO365 & Bizhongchou

You may know by now, ICO365 and Bizhongchou sent us their balance of Qtum tokens. This means that you must e-mail us at swap@qtum.org and foundation@qtum.org

It may take a while for us to respond, we take this seriously, but we cannot rush this process. Last week was a major holiday in China, which is why we were not able to send any tokens.

We will send Qtum Ignition Main Network tokens, so make sure you download the proper wallet. It should be encrypted and backed up. It is a good idea to send yourself a small amount of Qtum (even .001) to test and make sure it works before you send us your deposit address.

Swap Your Qtum ERC20 Tokens with Changelly.com

The Qtum Foundation officially partnered with Changelly.com to provide a swap service. This will allow Qtum ERC20 token holders that missed the October 4th exchange swap, to use a decentralized service. This service will operate for 3 months.

Please visit:

The instructions are very simple; Send your Qtum ERC20 tokens to Changelly, provide them with your Qtum Ignition Main Network deposit address (you will need a wallet), and wait up to 48 hours.

Changelly.com requires 1–2 days to process transactions, because they need to burn the Qtum ERC20 tokens, and receive Qtum Ignition Main Network tokens from the Qtum Foundation.

For more information, please see Changelly’s post on Medium.com

Hot Off The Press

Newsmax discusses the Qtum platform:

Cointelegraph discusses the Qtum swap:

New Services

Please see the links below.

Qtum Official Block Explorer:

Bitfinex Exchange:

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