Qtum, which like the Ethereum (ETH) platform focuses on smart contracts and decentralized applications (DApps), has already released a suite of developer tools on Google Cloud, which executives hope will further uptake.
“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,” Qtum’s CIO, Miguel Palencia, commented in the blog post. Palencia added:
“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.”
The developer tools available include DApp development, launching a full node, forking and staking on Qtum.
“When the Qtum source code is updated, Google Cloud will automatically update the code everywhere, saving developers the need to manually re-download in order to remain on the latest version,” the blog post explains.
The company’s native qtum token advanced around 7%following the announcement and is currently ranked just outside the top thirty cryptocurrencies by market cap.
In January, another feature rolled out to Qtum users in the form of atomic swaps with bitcoin (BTC), allowing users to automatically trade one cryptocurrency token with another without intermediary infrastructure.