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What is Quantum Chain Wallet (QtumToken)?

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What does Quantum Chain Wallet mean? So, what does Quantum Chain Wallet mean? Si

What is Quantum Chain Wallet (QtumToken)?

What does Quantum Chain Wallet mean? So, what does Quantum Chain Wallet mean? Simply put, it is a cryptocurrency wallet without cryptographic restrictions. For example, we can put private keys into a blockchain or other assets for transactions. And if someone wants to pay with Bitcoin, they need to use a special type of wallet software called Quantum Chain Wallet (QtumWallet).

Specifically, in wallets like Qtum, users authenticate digital signatures through smart contracts, and then send these signed addresses to the corresponding exchanges and miners to receive a certain reward. This mechanism ensures security and prevents hacker attacks. However, for many players in the cryptocurrency community, this concept is still new, so many people are concerned that their funds may be stolen.

Actually, from a literal point of view, it is a string of code, in which there is a term called “Quantum”, which is the abbreviation for “quantum of matter”, a type of random function.

QtumToken

According to official sources, the Quantum Chain project has launched a token program. Quantum Chain (Qtum) was co-initiated by Gavin Andresen, the core developer of Bitcoin, and Li Qiyuan, the founder of Quantum Technology. The Qtum Foundation will provide a total of 100 million tokens worth of Quantum blockchain rewards to community members, miners, and other stakeholders to incentivize their participation in the construction of applications in the Quantum Chain ecosystem. At the same time, they will also distribute Qtum tokens as rewards for voting and paying operational costs for other participants.

It is reported that Qtum is currently conducting its second round of public offering, with a total amount of 50 million US dollars.

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