Join Our Mailing List
Thursday February 02, 2023
Bitcoin (BTC) $23,801.38   Ethereum (ETH) $1,650.64
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Blockchain Technology

Qtum partners with video portal Baofeng forming largest blockchain node network

Published by CryptoNinjas.net
01/04/2018
Qtum partners with video portal Baofeng forming largest blockchain node network

Qtum, the blockchain application platform today announced it has partnered with Baofeng, the Chinese video portal giant to help achieve the world’s first Blockchain Consensus Network (BCN) and build the most decentralized blockchain node network.

With the help of Baofeng, Qtum will run 50,000 full network nodes and become the blockchain platform with the largest number of nodes. Currently, the Bitcoin network has around 10,000 and Ethereum has roughly 20,000 full nodes.

The introduction of such a large number of nodes will expand the security, stability and response speed of Qtum’s blockchain, providing underlying support for more enriching DApps in the future and expanding the Qtum ecosystem.

“We’re excited to have the support of Baofeng, and Storm’s massive user base is a treasure for us,” said Patrick Dai, CEO, and Co-Founder of Qtum. “We look forward to their developers’ ideas and contributions to the Qtum platform, and to dedicating this collaboration to the advancement of blockchain technology.”

It is expected that, with this new energy injected into Qtum’s community, more users will become aware of its blockchain technology and lots of developers will be attracted. As a result, Qtum will continue to develop and be seen as a credible mainstream public blockchain. Baofeng will also work on Qtum’s platform to introduce new video distribution, copyright protection, and payment system technologies.

Baofeng – which was listed in March 2015 by the Shenzhen Stock Market and is now valued at more than 8 billion CNY according to the latest data.

“We are very excited to sign the world’s first Blockchain Consensus Network (BCN) service agreement with Qtum,” said Reccon Cui, CEO of Baofeng Bokocloud. “Baofeng Group operates the world’s largest P2P network, so we are impressed by the security and superior flexibility of the Qtum’s blockchain architecture, and we found that the current ecosystem of Qtum is rapidly developing. We are very happy to cooperate with one of the best blockchain technical teams in this field.”

Toward the end of December 2017, Baofeng made its first partnership for its Bokocloud with Metaverse, who will provide technical support for full nodes for the Bokocloud and assist with upgrades to their consensus mechanism and incentive model. As strategic partners, both parties agreed to jointly research and develop the Blockchain Consensus Network (BCN) as well as Blockchain-as-a-Service architecture, with the aim of expanding blockchain technology applications.

49
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Japan crypto exchange bitbank adds support for QTUM

01/27/2021
Japan crypto exchange bitbank adds support for QTUM

bitbank, a popular Japan-based bitcoin/crypto exchange, today announced the addition of Qtum (QTUM). The new markets of QTUM/JPY and QTUM/BTC will be exempt from trading fees until April 30, 2021. With this addition; bitbank...

Read more

Qtum launches test version of its Lightning Network solution

07/02/2019
Atum Official

Qtum, the open-source public blockchain platform, today launched its test version of the Lightning Network implementation, Eclair. The Qtum Eclair implementation will drive Qtum toward processing massive transactions, a capability needed by mainstream retailers...

Read more

Qtum and Beam begin global privacy hackathon with $25K grand prize

06/19/2019
Qtum and Beam begin global privacy hackathon with $25K grand prize

Qtum, the open-source public blockchain platform, and Beam, the scalable, confidential cryptocurrency, today began hosting the 2019 Qtum & Beam Privacy Hackathon. Open now and concluding August 18th, 2019, the hackathon will challenge participants...

Read more

Crypto.com adds QTUM to its cryptocurrency wallet and card app

05/20/2019
Crypto.com adds QTUM to its cryptocurrency wallet and card app

Crypto.com, a provider of a cryptocurrency wallet and card application, has announced that it has integrated tokens from Qtum (QTUM), the secure open-source smart contract platform. The wallet portion of Crypto.com’s app secures several...

Read more
Load More

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
Web3 Racing Game Powered by Solana to Introduce In-Game Currency

Web3 Racing Game Powered by Solana to Introduce In-Game Currency

01/26/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

01/05/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy