Qtum Joins Forces With Qihoo 360

360 Finance, part of Qihoo 360, BTN Foundation and QTUM signed cooperation memorandum in order to develop blockchain solutions
17 January 2018   895

Qtum has signed a deal with Qihoo 360 from China. This is reported by Use The Bitcoin. 

Qihoo 360 is well known in its country dealing with network security issues in the market. The partnership also involves BitMex institute’s BTN Foundation. Qihoo 360 is the creator of popular anti-virus that is used by more than 500 million users in the world, mainly in China.

360 Finance, part of Qihoo 360, BTN Foundation and QTUM signed the cooperation memorandum. These companies joined forces in order to develop blockchain solutions across the group`s products. 

The strategic alliance of 360 Blockchain Research Centre, BTN Foundation, and Qtum Foundation is an instrumental part of our global strategy in diversifying the portfolio and industry reach of our ecosystem.

Lu Wei 

Vice-president, 360 Finance

As reported, Qihoo 360 has chosen Qtum because it allows to process fast transactions with cheap fees. Additionally, Qtum offers the ability to execute smart contracts, something of importance for the company.  

Metronome: Jeff Garzik's cross-blockchain crypto

Bloq, Jeff Garzik's startup, is to launch a cross-blockchain cryptocurrency that will address Bitcoin's deficiencies 
25 October 2017   2593

A former core developer of Bitcoin and now Bloq CEO, Jeff Garzik, unveils Metronome (MTN), a cryptocurrency that seeks to claim a series of firsts in crypto-economics, including offering users the ability to switch the same token back and forth between blockchains as desired, making Metronome the world’s first cross-blockchain cryptocurrency.

As detailed by the company, Metronome is to be initially issued on Ethereum, with Ethereum Classic, Rootstock and Qtum support expected to follow. This allows users to select the chain that suits their requirements for management and security, or even upgrade the MTN contract if needed.

With Metronome, we sought to design an autonomous cryptocurrency system that is highly resistant to governance failure and is intended to last for generations. To accomplish this, we recognized early on that allowing users the freedom to select which blockchain most closely aligns with what they value was not only an important feature, but a vital one if we were to realize the Metronome vision.

Jeff Garzik
CEO and co-founder of Bloq

Furthermore, Metronome will not be controlled by any party after launch - not even its authors - as it is completely autonomous. Thus, Bloq plans to continue to help by building an ongoing open-source community to support developers and users, but will have no access or control after the initial auction.

We believe that individuals will be empowered by a currency designed with self-governance as a first-order variable. Further, institutions can more confidently enter the cryptocurrency category, as Metronome will enable them to innovate and develop reimagined financial products.

Matthew Roszak
Co-founder and chairman of Bloq

Metronome is opening with an initial auction of 10 million MTN, with 8 million MTN being made available to the public and 2 million being set aside for Bloq as the principal development team.

Bloq, in its turn, is moving ahead on the launch of the token, setting a date for the first week of December for its token sale.