Qtum, the world’s 22nd largest cryptocurrency by market cap, just made a big announcement which could change the game completely for the crypto project. According to Bitcoin Magazine, Singapore-based Qtum launches on Amazon Web Services (AWS).
Qtum Launches on Amazon Web Services
With this new launch, AWS developers can build and launch smart contacts using Amazon Machine Image (AMI). AMI is made up of Qtum Core, Qmix web IDE, and Solidity.
Qtum is a hybrid crypto platform that was developed by the Qtum Foundation. The project uses the Account Attraction Layer that merges Bitcoin’s blockchain with the Ethereum Virtual Machine. This platform is designed as a toolkit and uses a proof-of-stake consensus algorithm to reduce the network’s computational difficulty while solving scalability.
“Qtum’s launch in the AWS marketplace provides an easy-to-use and powerful cloud-based solution for end users and the Enterprise. Anyone who wants to develop/build DApps on the Qtum platform or use it as a staking node will benefit from this,” Qtum Foundation CIO Miguel Palencia told Bitcoin Magazine.
The biggest advantage of using the new Qtum AMI on Amazon Web Services is the ease of getting started on the blockchain. This platform makes it possible for anyone to run a Qtum node or use Qtum pre-installed to launch their own server on its test or main net.
Qtum wants to make it easier for large and small businesses to start using blockchain technology. With this new product, companies now have the option to launch servers without needing to spend a large amount of money and resources on infrastructure.
Qtum AMI also remains free for AWS customers to deploy a Qtum server. Without paying a fee, users also have the ability to deploy a test network to simulate a blockchain.
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