StrongHands SHND to Qtum QTUM Exchange

Crypto Pair Details: SHND to QTUM

StrongHands SHND

StrongHands™ is a free open source project derived from Bitcoin, with the goal of providing a long-term energy-efficient crypto-currency. Build on the foundation of Bitcoin, innovations such as proof-of-stake help further advance the field of crypto-currency. StrongHands™ is a StrongHands™ network-compatible, community-developed wallet client. The project has been designed to provide people with a stable, secure, and feature-rich alternative to the StrongHands™ reference wallet PPCoin. To help facilitate broad community cooperation, many trusted StrongHands™/Peershares community leaders have write permissions to the project’s codebase, allowing for decentralization and continuity. Community members, old and new, are encouraged to find ways to contribute to the success of the project. If you have experience with programming, product design, QA engineering, translation, or have a different set of skills that you want to bring to the project, your involvement is appreciated!

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.

SOURCE: COINGECKO

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