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Qtum Launches Unita, An Enterprise Blockchain Solution

The enterprise-grade blockchain allows transaction throughputs of up to 10,000 TPS.

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Qtum has just launched a new blockchain solution for enterprise adoption. The new project, dubbed Unita, is a fully automated data storage and transfer protocol capable of handling over 10,000 transactions per second.

According to Qtum’s press release, the Unita protocol will utilize a scalable consensus algorithm (SCAR) to build atop Qtum’s existing solutions. In addition to ease and scalability, Qtum says that Unita’s SCAR will save considerable amounts of disk space, bandwidth and other network resources.

Furthermore, Qtum’s Unita will also feature simple, one-click deployment, with cross chain trading, data management, and additional features that will allow businesses to process millions of transactions per day. Users will also be able to safely store private data on a permissioned Unita chain, and then transfer necessary data to the Unita public network.

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Qtum’s new protocol is specially tailored for targeting pain points, making it easier for existing businesses to adopt blockchain tech. Miguel Palencia, Chief Information Officer at Qtum Foundation said:

“Speed and customization are two of the main barriers for enterprises looking to adopt blockchain technology. By bridging a novel, scalable consensus algorithm with smart contract technology and tools familiar to developers, we strive to make blockchain accessible for enterprises to easily and effectively deploy.”Qtum Foundation CIO Miguel Palencia

As blockchain technology gains momentum, more businesses are looking to either tokenize their company equity, or apply blockchain directly into their network operations. Both implementations can be tricky, but projects like Qtum’s Unita could simplify that process and usher in a new era of blockchain-ready businesses.

DISCLOSURE

Authors at Crypto Briefing are invested in cryptocurrencies. The author of this post may be invested in digital assets mentioned here.

Jalen Fargharson
Jalen Fargharson
Jalen is a Brooklyn native now living in Florida, where he is a licensed life insurance, variable annuities, and securities agent. Despite this background in traditional finance, it's cryptocurrency that truly stirs his passion. Jalen drinks more green juice than is good for him, and his Maltese pup is definitely the boss of him.

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