Qtum, a blockchain application platform, has announced the launch of its mainnet “Ignition”.
Ignition is a blockchain platform which provides decentralized governance protocol and proof-of-stake consensus mechanism for smart contracts. It includes a working smart contract and decentralized application platform secured by a proof-of-stake consensus model. Ignition’s decentralized governance protocol ensures scalability is not an issue, the release said.
“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.”
Qtum said that it has delivered a smart contract platform running on a proof-of-stake consensus for the first time. This would allow individuals and businesses to use smart contracts on mobile devices while staking their Qtum holdings to secure the network.
“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’s Top 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 recently became a founding member of the Trusted Internet of Things Alliance. 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.
The Qtum Mainnet went live on September 13, 2017 and Qtum plans to continue testing new features to deliver a truly decentralized blockchain platform.
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