QTUM (QTUM) is one of the least-talked-about Ethereum (ETH) threats on the cryptocurrency market. It is a much younger coin, so it still has a long way to go until it has as many coins launched on its network as NEO (NEO). But that doesn’t mean that this blockchain platform won’t be able to catch up – and it just made a big step in the right direction.
The first QTUM dApp just launched
What differentiates payment coins, like Bitcoin (BTC) and Litecoin (LTC), from platform coins – like Ethereum and QTUM – is that platform coins are networks where decentralized applications (dApps) can be launched. That means that a small business or corporation can create their own program and token on top of an existing framework, and there is now a new dApp on the block.
Bodhi (BOT) is officially the first dApp to have launched on the QTUM mainnet. It is now already downloadable. It was supposed to launch tomorrow, but you can see on their site that it’s already available.
What is Bodhi (BOT)?
Bodhi (BOT) is a Chinese app and wallet that allows its users to store and use BOT and QTUM coins, as well as participate in the prediction market. It’s not the first prediction market around, but the fact that it leverages QTUM technology certainly differentiates it.
So, what is a prediction market platform? Users can create any sort of event, from a sports event outcome in Vancouver to political election results in Ecuador. Then, using the transparent blockchain network, they can source a bunch of votes (essentially) to draw a general forecast as to the probable outcome of an event.
Good predictions mean users get rewarded, and both QTUM and BOT tokens are used within the network to participate.
It will be interesting to see if this app catches on, and also to see what the next dApp to launch on the QTUM network will be.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.