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Google Enters the Blockchain?
Cryptocurrency Qtum Partners with Google
Qtum is a smart contract based blockchain and currency in a similar fashion to better known Ethereum. It is built on Bitcoin's UTXO transaction model, with additional functionalities, such as the smart contracts. In a surprise announcement, Qtum revealed a partnership with tech behemoth Google.
On the Partnership
Qtum will allow users to easily develop Dapps or run nodes on their blockchain with the use of Google Cloud. The tools are free to use and not too technically complex, emphasizing ease of use. These tools in conjunction with Google Cloud, might increase the use and adoption of Qtum.
"Google Cloud is the perfect partner to help us make the blockchain ecosystem simpler and more intuitive. Where launching a node was once an intensive and complex process, Qtum's new developer suite introduces helpful shortcuts and tools to make it faster and easier. With a more accessible technology, we hope to open up and expand the Qtum community to include people with a broader range of experience - from experts to the everyday user." said Miguel Palencia, Qtum CIO.
Effects on Value
We will likely see a bump in Qtum's market cap and adoption as result of this partnership. This could possibly cause it to overtake Bitcoin Gold in the near future. It is an amazing development and partnership from the Qtum team. While it makes me wonder why Google didn't prefer a better known blockchain and currency, it is still great news for fans of cryptocurrencies & Qtum across the globe.