Qtum Ignition Tackles Scalability With First Decentralized Governance Protocol

SINGAPORE, Sept. 14, 2017 /PRNewswire/ -- Qtum (https://qtum.org/en) announced the launch of its network, Qtum Ignition, a groundbreaking blockchain platform which provides the first decentralized governance protocol and proof-of-stake consensus mechanism for smart contracts. Blockchain industry leaders are increasingly looking to Qtum to solve complex issues of scalability and deliverability for their projects, and Qtum delivers a smart contract platform running on a proof-of-stake consensus for the first time. This allows individuals and businesses to use smart contracts on mobile devices while staking their Qtum holdings to secure the network. The Qtum Mainnet goes live Sept. 13, 2017.

"Many projects have gone silent after their token sales, but Qtum has diligently built an industry-changing platform that tackles the challenges faced by developers," said Qtum Co-Founder Patrick Dai, who was recently named on Forbes China'sTop 30 Under 30 list for his contributions to consumer technology. "Beyond fixing issues of scalability, developers building their projects on Qtum gain access to China's extensive market."

Qtum's Ignition release includes a working smart contract and decentralized application platform secured by a proof-of-stake consensus model. Qtum's decentralized governance protocol ensures scalability is not an issue, and Qtum plans to continue testing new features to deliver a truly decentralized blockchain platform.

"Ignition is the start of a new era in blockchain," said Qtum Co-Founder Jordan Earls. "It's bringing to light what the community has waited years for, a proof-of-stake smart contracts platform with truly decentralized governance."

As Qtum adds functionality and prepares for broader adoption, the team has joined several organizations to influence decision-making in key sectors. Qtum recently became a member of ACCESS Singapore. Jordan Earls has joined the Chamber of Digital Commerce's Smart Contracts Alliance as co-chair. In addition, Qtum has added one of China's most notable entrepreneurs and angel investors, Charles Xue, as a strategic advisor.

About Qtum
Qtum is a blockchain application platform. At its core, Qtum combines the advantages of Bitcoin Core, an Account Abstraction Layer allowing for multiple virtual machines, and a proof-of-stake consensus protocol aimed at tackling industry use cases. The Qtum Foundation, headquartered in Singapore, is the decision-making body that drives the project's development. Learn more at qtum.org.

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SOURCE Qtum Foundation