Qtum is an open-source blockchain platform that blends aspects of both Bitcoin and Ethereum.
It aims to create a more efficient and user-friendly platform for decentralized applications, smart contracts, and digital assets. Qtum combines the stability of the Bitcoin blockchain with the smart contract functionality of Ethereum. It uses a unique consensus mechanism called the Proof-of-Stake consensus, which is more energy-efficient than the Proof-of-Work mechanism used by Bitcoin.
Qtum has a strong emphasis on interoperability and compatibility, making it easier for developers to create and deploy applications on the platform.
The Qtum token is used as a means of payment for services on the platform and for incentivizing network participants. The platform is also highly scalable, allowing for fast and low-cost transactions. Qtum is designed to be used in real-world applications, such as supply chain management, financial services, and more.