Qtum QTUM to Traceability Chain TAC Exchange

Crypto Pair Details: QTUM to TAC

Qtum QTUM

Qtum is a decentralized and open-source smart contracts platform and value transfer protocol. Qtum uses proof-of-stake consensus, meaning node operators are rewarded for validating transactions. It is a DGP governed blockchain where community participants can vote to change certain network parameters. Qtum is built on a bitcoin core fork, but the foundation has created its own hybrid blockchain with the help of several key tools. The coin uses bitcoin’s chain because of its simple and stable nature, allowing the foundation to build upon it more easily. As the QTUM project is a hybrid of Bitcoin and Ethereum, its team comprises of members from both Bitcoin and Ethereum community. They also have team members who formerly worked with Tencent, Alibaba, Nasdaq etc. Apart from that, they are backed by some notable VCs and prominent people from the Blockchain community such as Patrick Dai (Project Co-Founder), Neil Mahi (Chief Blockchain Architect/Co-Founder) and Jordan Earls (Lead Developer/Co-Founder). Qtum provides a Turing-complete blockchain stack and is able to execute smart contracts and decentralised applications like the Ethereum blockchain. Qtum builds on Bitcoin's UTXO transaction model and uses the Proof-of-Stake algorithm. It is backed by some highly prominent members of the blockchain community such as Anthony Di Iorio, Xu Star, Bo Shen, David Lee, Jehan Chu and Roger Ver. Qtum sold over 10 million dollars’ worth of its tokens after only 90 minutes, eventually raising a total value of $15.7 million before stopping the campaign early after only 5 days. They raised a total amount of 11,156.766 bitcoins (BTC) and 77,081.031 ether (ETH) in exchange for the 51 million Qtum tokens being distributed to the public. In Qtum’s whitepaper, 51% of the coins were distributed to the public via the crowdfunding campaign. Of the remaining 49%, 29% of the coins would be allocated as community incentives, and the remaining 20% would be distributed to the early backers and development team.

Traceability Chain TAC

Content: We hope to, basing on the technology of block chain, adopting unique non-tamper distributed ledger characteristics of the block chain, build the traceability cloud platform, solve the enterprise's difficulties in information traceability, anti-counterfeit, verification and mobile marketing during commodity production, circulation and distribution and terminal consumption process through the sub-chain of the landing project and corresponding DAPP application, and provide a fast and efficient cluster of cloud services development for the technical developers, so as to solve the problem of 'trusted' for brand enterprises and consumers, and then build a new block chain ecosystem ---Traceability Chain as the future world-selectable internet value transmission protocol, and push forward the practicability and usability of the whole block chain industry. As the most promising block chain ecosystem, it perfectly combines the advantages of Ethereum and Bitshares. Traceability Chain will also constantly and gradually form the block chain economy through the construction of the foundation platform, the design and development of the software and hardware products, the development of various products and the development and iteration of the commercial landing project, improve the industry efficiency, and promote the effective and collaborative development of the society.

SOURCE: COINGECKO

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