Qtum is an open-source value transfer platform with a focus on dapps. The platform was designed to integrate the best parts of the Bitcoin and Ethereum platforms into a business-friendly blockchain. For more details on this project, read our Qtum guide.
It’s been one year since Qtum completed their wildly successful ICO, raising 11,156.766 BTC and 77,081.031 ETH—at the time, that was $15.7 million—in just 5 days. Since then, their ecosystem has been blooming with innovative projects. At the time of writing, Qtum is ranked #18 on CoinMarketCap, and is #34 on the Top 100 Blockchain Organizations list.
Let’s take a look at what the project has been up to recently.
Boosting Clean Energy Production in the Philippines
On April 8, the Qtum Foundation announced that Energo Labs, a project built on the Qtum platform, has partnered with First Gen, the largest producer of clean energy in the Philippines.
Utilizing Qtum’s blockchain platform, Energo and First Gen are working together to enable peer-to-peer exchange of electricity between buildings on the campus of De La Salle University in Manila, Philippines.
Kaikai Yang, CEO of Energo Labs, has high hopes for this cutting-edge technology:
Through combining the decentralization of blockchain with solar cells, energy storage and other hardware, we hope to accelerate the power reform in off-grid areas and devote itself towards making clean electricity more accessible to residents in remote areas in the near future. We are delighted to partner with De La Salle University on this case and wish to forge more partnerships with leading players in the cleantech industry.
Energo also donated a hardware system to the university that is expected to save up to 1.2 million Philippine pesos in electricity expenditures over the next 20 years.
It’s nice to see Qtum’s technology being used to make the world a greener place.
Bodhi Prediction Market Platform Is Now Live on Qtum Mainnet
On April 23, Bodhi announced they have deployed a live beta on the Qtum mainnet. Bodhi is a decentralized prediction market platform that allows users to more accurately predict the outcome of future events—including finance, sports, politics, and all kinds of global events.
Bodhi is the first dapp to successfully launch on the Qtum mainnet.
Xiahong Lin, founder of Bodhi, reported:
It’s a major milestone for us. While other prediction markets are still not live, we already have a fully-decentralized blockchain application for the public to use.
Bodhi users can now create new prediction events, stake tokens on the desired outcome of events, set/dispute results, and withdraw QTUM and BOT tokens into their personal wallets.
If you’re interested in giving it a try, watch this video tutorial on how to use the Bodhi platform and read Bodhi’s FAQ. Note that there are restrictions preventing users from the US, China, and Singapore from accessing the platform until further clarity on local regulations gets worked out.
New Dapps on Qtum Platform
Several projects have announced they will be developing dapps on the Qtum platform.
This includes a company called BINGO that runs an independent blockchain entertainment ecosystem for developers, publishers, and gamers. BINGO developed the very first cryptocurrency game on Qtum, called QTUM Heroes. This game is different from collectibles games like CryptoKitties—it’s a player-vs-player arena game where winners are rewarded in cryptocurrency payments. To learn more and start playing, go here.
Mithril, a social media blockchain project, has also announced that they will be developing social media dapps on Qtum.
Mithril founder Jeffrey Huang had this to say:
Qtum has provided great support for Mithril since the early days of our project. I believe Qtum’s security, reliability, and scalability will be instrumental to the future development of the Mithril ecosystem.
Stella Kung, Qtum’s head of marketing and public relations, will be advising Mithril as they develop their project.
Other Key Updates
Other than new partnerships and dapps coming on board Qtum, here are some key updates to note:
- Qtum published a blog post on the status of their circulating supply for their 3rd year of operation. About 6 million additional tokens will be unlocked in March 2019 and 2020, bringing all 100 million tokens into circulation.
- The Qtum wallet has been updated to v0.14.16 with big fixes and improvements. While it is an optional update, users are encouraged to update their wallets.
- Qtum has launched a new wallet website: https://qtumeco.io/wallet
What the Future Holds for Qtum
Qtum fans can expect to see a new and updated Qtum roadmap in the near future, as the current roadmap’s tasks have all been completed. Having a new roadmap from the team will give us a glimpse into what the developers are working on next.
No matter what the new roadmap will outline, it’s a pretty safe bet to say that Qtum will continue to grow and become an even bigger player in the blockchain world as they continue to make new partnerships and more projects continue to be built upon their blockchain.