Binance and Huobi to Support Qtum Offline Staking

Smart contract blockchain will launch offline staking at block 680,000 on August 28 with support from several major exchanges. The introduction of offline staking arrives at a critical juncture in Qtum’s evolution, as the blockchain platform positions itself as Asia’s preeminent DeFi framework On August 17, Qtum announced a $1M fund to encourage third-party developers to create DeFi applications on Qtum Chain and bootstrap innovation.

Following the introduction of offline staking on Qtum’s testnet on June 29, the community participated in “Testnet Stake-a-Thon,” an incentivized program designed to test the capabilities of the newly upgraded network and delegation contracts. Qtum’s PoS-based network features a Decentralized Governance Protocol (DGP) that allows specific blockchain settings to be modified by making use of smart contracts.

Timeline of Qtum