QTUM, pronounced as quantum, combines the reliability of Bitcoin's blockchain with the possibilities that smart contracts offer. It has been designed for stability, modularity and interoperability. QTUM is the first toolkit for building familiar, decentralized applications, suitable for real-world, business-oriented use cases.
After a first crowd sale in March, the mainnet of QTUM went live in September 2017. The project was founded and is led by Patrick Dai. In addition to QTUM, Patrick is also responsible as CTO at Bitse Group. One of China's largest mining companies.
Although everyone can use the QTUM blockchain, the project is mainly focused on business applications of smart contracts. The goal of the QTUM foundation is to help companies with the transition to blockchain-based solutions that increase automation and reduce costs.
The QTUM token has a total circulation of more than 100 million.