show
show
Witnessing the digital breakthrough

Qtum Allocates $1 Mln To Develop DeFi Apps

19 August 2020 18:00, UTC
Qtum Allocates $1 Mln To Develop DeFi Apps
By Anna Martynova

Qtum founder Patrick DAI announced that the project provided developers with $ 1 mln to develop DeFi decentralized applications on their blockchain. Problems and solutions in the DeFi environment were also highlighted. First of all, this is the excessive cost of Ethereum gas, which makes transactions impractical for users.

It is noteworthy that the Qtum blockchain is compatible with the famous Ethereum Virtual Machine (EVM) and with most of the existing tools, such as Truffle and MetaMask. Another advantage in its favor is its scalability as it adapts to the needs of the network and the cost of gas is significantly lower compared to Ethereum at present.

This is not the first time that blockchain has adopted such an incentive system to strengthen its position in decentralized finance. A few days ago, IOST also offered $1mln to develop DeFi dApps.

Image courtesy of Forex News



Read the best crypto news analysis here! bitnewstoday.com Bitcoin, investments, regulation and other cryptocurrencies
Found a mistake? Select the text and press CTRL+ENTER
Leave a comment
Leave a comment
Report a mistake