Qtum focuses on transparency and openness for the community and also when it comes to the blockchain. They believe in leading by doing. The details of the first quarter expenditures and circulating supply update is already published.
The first quarter expenditures have been spent across six categories like Technology Development, Public Relations and Marketing, and Operation Costs, Compliance Costs, Business Development, and Technical Cooperation. For the first quarter covering for January, February, and March, the Qtum Foundation has spent 221.9 BTC, an average of 74.0 BTC per month.
Despite the lockdown, the Qtum team is continuing to build no matter what. They focus on staying home and staying safe at the same time.
Qtum recently tweeted: “Qtum Foundation Completes Scheduled Coin Vesting.”
The Qtum Foundation has completed the final scheduled vesting of funds amounting to 5.75 million QTUM to provide for future development, academic research, education, and market extension.
About 3.5 million Qtum has been allotted for business development initiatives, and 2.25 million Qtum for academic research, education, and market extension.
To provide for the interests of investors and to ensure the healthy long-term operation of the projects, the Qtum Foundation has designed a lock-up mechanism for some of the development funds.`
Sydney Ifergan, the crypto expert, tweeted: “Qtum well know that money management is crucial for the operation and sustenance of any project. They are doing it right.”
Qtum Privacy AMA Sessions
Patrick Dai, Founder at Qtum, is a thinker and Doer. He recently tweeted about how staking on phones is coming for Qtum and how it seems to be quite promising.
However, Vitalik Buterin responded, stating, “Mining on phones is a fool’s game. Goes against everything we know about hardware economies of scale and more likely to trick users with false hope than help them. *Staking* on phones, OTOH, is IMO quite promising…”
Patrick Dai keeps the community connected by privacy AMA sessions.
QTUM continues to define the blockchain economy. Qtum adopts the PoS consensus mechanism. The DGP chain management protocol that is designed and developed into the main chain greatly reduces the effects due to fork, thus sustaining decentralization.
Weekly Development Updates are provided meticulously, particularly about the Qtum Improvement Proposals. QTUM is based on the Transaction model: UTXO (Unspent Transaction Output) from bitcoin. It does not have Masternodes. Wallets from the QTUM developers support Qtum QRC20 token and smart contract transactions. However, when it comes to third party transactions, one cannot be sure.
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