Qtum Allocates $1 Mln To Develop DeFi Apps

Qtum founder Patrick DAI announced that the project provided developers with $ 1 mln to develop DeFi decentralized applications on their blockchain. Problems and solutions in the DeFi environment were also highlighted. First of all, this is the excessive cost of Ethereum gas, which makes transactions impractical for users.

It is noteworthy that the Qtum blockchain is compatible with the famous Ethereum Virtual Machine (EVM) and with most of the existing tools, such as Truffle and MetaMask. Another advantage in its favor is its scalability as it adapts to the needs of the network and the cost of gas is significantly lower compared to Ethereum at present.

This is not the first time that blockchain has adopted such an incentive system to strengthen its position in decentralized finance. A few days ago, IOST also offered $1mln to develop DeFi dApps.

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