The open source, community-led blockchain project Qtum announced this week that the group has raised $1 million in seed funding from angel investors.The group seeks to merge the capabilities of the two most popular blockchain ecosystems—Bitcoin and Ethereum—to allow developers to create decentralized applications and execute smart contracts.Core development of Qtum’s application stack and blockchain is done by Quantum Foundation, an organization registered in Singapore.The project’s list of investors includes a bevy of high-profile blockchain technology moguls such as Ethereum co-founder Anthony Di Iorio, Augur co-founder Jeremy Gardner, OkCoin Chief Executive Star Xu and a host of other prominent names.Qtum is a fork of Bitcoin Core 0.13 that integrates code from the Ethereum Virtual Machine and an “account abstraction layer” that allows Ethereum smart contracts to run on the platform with minimal changes.The usefulness of this sort of approach is complicated, but the design is to take Ethereum’s powerful smart contact system and allow it to run with Bitcoin’s transaction-based design.

The problem is that Bitcoin and Ethereum are fundamentally incompatible, but each exhibits extremely useful capabilities.One major industry interested in blockchains is the financial technology sector.bitcoin spot north hollywoodThe power of an immutable ledger of historical transactions would be extremely useful, such as with Bitcoin.bitcoin visa coinbaseAt the same time, the industry could benefit from programmable transactions that Ethereum enables.kiếm bitcoin miễn phí nhanhThe project’s founder, Patrick Dai, indicated to CoinDesk that the $1 million investment will help the team prepare Qtum’s infrastructure to sell cryptocurrency tokens produced by the platform for a crowd sale.litecoin pool gpu

“We raised the money to prove that our approach is right,” Dai said.“We used the money to do the minimum viable product.The testnet is live now, but it is private, it is already working.” Dai said the crowdfunding would seek to raise up to $10 million during the token offering.litecoin to euro calculatorBlockchain and cryptocurrency startups commonly use crowd sales of tokens or initial coin offerings in order to raise initial capital.bitcoin guide wiredIn 2015, blockchain-based online game “Spells of Genesis” by EverdreamSoft SA and virtual reality content marketplace Voxelus Inc.wired bitcoin guideused token sales to raise capital—EverdreamSoft raised $346,000 and Voxelus raised $350,000.litecoins minen 2014

Also in 2015, Augur’s predictive marketplace raised $1.3 million in its own crowd sale.In 2016, the Ethereum Decentralized Autonomous Organization, the DAO, raised over $130 million in ETH, the Ethereum token.litecoin miners for macAccording to an analysis by Smith + Crown, crowd sales and coin offerings have raised over $270 million within the industry over the past three years.litecoin mining power costPeer-to-peer bitcoin lending company Bitbond has secured €200,000 in seed funding during a round led by early-stage investment firm Point Nine Capital.litecoin hash rate gpuThe funding will help Bitbond broaden its user base and accelerate loan origination.armory bitcoin torThe company will also grow its programming team to improve the platform’s user experience.accept bitcoin berlin

Bitbond is also planning new features including exchange rate linked loans, user communication tools and analytics resources for lenders, as well as an improved mobile platform.cambio bitcoin litecoinIn its pursuit to make investment and finance businesses accessible worldwide, the Berlin-based firm aims to become another essential building block in the bitcoin ecosystem.bitcoin billionaire island“Wallets, payment providers, brokers and exchanges are already on a fairly well-developed level,” said founder Radoslav Albrecht.ethereal projection guide“Financial services are just at the beginning and Bitbond wants to contribute to a bitcoin ecosystem where financial inclusion isn't just limited to cashless, instant worldwide payments.” Citing the warming attitudes of British regulators toward bitcoin and mobile technology, Point Nine Capital co-founder and managing partner Pawel Chudzinski said that cross-border trade and services activity in the EU is expanding steadily.ethereum value tracker

As a result, he added, there are more international payments transpiring – however: “International payments are still very expensive if you're using traditional banking services, especially when the transactions are small.bitcoin hp-uxTo focus on Bitbond, I think lending smaller amounts of money internationally to private customers and small businesses is still rather unheard of.” Bitbond launched in July 2013.bitcoin okcoinIt has since funded more than 180 loans worth over €36,000 ($48,000) to date, and has a user base of approximately 4,100 people from over 100 countries.bitcoin 365 club reviewUsers wanting to take out a loan or invest their savings can tap a global market to do so independently of family, friends or banking institutions – they only need a smartphone or computer with access to the Internet.valore dei bitcoin

Because of the platform’s peer-to-peer system, borrowers receive loans at affordable interest rates, and lenders gain higher interest rates compared to other fixed income asset classes.bitcoin dohaAlbrecht emphasized that although the company might function as a bank, it doesn’t operate as one.bitcoin kantoryBitbond, he said, is a marketplace that connects borrowers and lenders on a global scale.kumpulin bitcoin“We basically fulfil functions that the bank typically does.bitcoin vn zoomWe provide credit and we provide investment opportunities, but there is one crucial difference: we don’t have the balance sheet.circle litecoinWe only connect borrowing and lending […] A bank stands more in between the two, while we just connect them.” Describing user activity, he said that borrowers disclose personal and financial information during sign-up and are verified once they have been deemed creditworthy.litecoin za sms

If they’re denied, they can publish loan requests detailing how much bitcoin they need and why.The lenders that sign up, he continued, want to support bitcoin projects or come to the platform to earn interest on their bitcoin savings.litecoin mining business planThey decide independently which projects they find interesting.litecoin sekAlbrecht pointed to globalization, the recent credit crunch and the European regulatory environment as influential developments that guided his attention on the bitcoin economy for the business he would eventually build.ethereum 24 hour chart“In many of these economies (eg Spain, Italy, Portugal) small businesses contribute a significant portion to the country's GDP and employ the majority of the workforce.ethereum sample application

Bitbond does not only focus on emerging markets but also on European economies where banks don't live up to their expectations to provide credit to the real economy.” Chudzinski said that the Bitbond team’s strong expertise in bitcoin, technology and finance played a crucial role in its investment decision.ethereum unlockAs well, their backgrounds in economics, financial services and banking perhaps further validate their leadership in international bitcoin lending.bitcoin euro sepaA former Deutsche Bank trader who became an industry consultant some time after leaving the German banking giant, Albrecht spent roughly six months in Sub-Saharan Africa working on a post-merger integration of two Nigerian banks.bitcoin farm rigThere, he said, he was exposed to an economy where few people have bank accounts, but in which access to mobile payments are “already quite the norm”.bitcoin greater fool