Qtum announced today the launch of its network, Qtum Ignition, a blockchain platform which provides the first decentralized governance protocol and proof-of-stake consensus mechanism for smart contracts.
The release of Ignition release helps solve complex issues of scalability and deliverability by delivering 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. Beyond fixing issues of scalability, developers building their projects on Qtum gain access to China’s extensive market.”
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.
“Ignition is the start of a new era in blockchain. It’s bringing to light what the community has waited years for, a proof-of-stake smart contracts platform with truly decentralized governance.”