Qtum, the blockchain application system now declared it has partnered with Baofeng, the Chinese video portal large to assist achieve the world’s initially Blockchain Consensus Network (BCN) and make the most decentralized blockchain node network.
With the assist of Baofeng, Qtum will operate 50,000 total network nodes and develop into the blockchain system with the largest amount of nodes. Presently, the Bitcoin network has close to 10,000 and Ethereum has about 20,000 total nodes.
The introduction of these kinds of a significant amount of nodes will increase the safety, security and response pace of Qtum’s blockchain, supplying underlying support for far more enriching DApps in the foreseeable future and expanding the Qtum ecosystem.
“We’re thrilled to have the support of Baofeng, and Storm’s large user foundation is a treasure for us,” mentioned Patrick Dai, CEO, and Co-Founder of Qtum. “We search ahead to their developers’ ideas and contributions to the Qtum system, and to dedicating this collaboration to the improvement of blockchain technological know-how.”
It is anticipated that, with this new strength injected into Qtum’s group, far more people will develop into informed of its blockchain technological know-how and heaps of builders will be attracted. As a result, Qtum will continue on to establish and be viewed as a credible mainstream community blockchain. Baofeng will also work on Qtum’s system to introduce new video distribution, copyright defense, and payment method technologies.
Baofeng – which was stated in March 2015 by the Shenzhen Stock Market place and is now valued at far more than 8 billion CNY according to the hottest details.
“We are incredibly thrilled to sign the world’s initially Blockchain Consensus Network (BCN) assistance agreement with Qtum,” mentioned Reccon Cui, CEO of Baofeng Bokocloud. “Baofeng Group operates the world’s largest P2P network, so we are impressed by the safety and excellent versatility of the Qtum’s blockchain architecture, and we discovered that the current ecosystem of Qtum is fast producing. We are incredibly satisfied to cooperate with one particular of the greatest blockchain technical teams in this field.”
Towards the end of December 2017, Baofeng designed its initially partnership for its Bokocloud with Metaverse, who will present technical support for total nodes for the Bokocloud and help with upgrades to their consensus system and incentive product. As strategic partners, each events agreed to jointly research and establish the Blockchain Consensus Network (BCN) as nicely as Blockchain-as-a-Support architecture, with the purpose of expanding blockchain technological know-how purposes.