Qtum (QTUM) has been going through a rough time in the market with the frequent drops hitting the market for the past several weeks while dropping by over -28% in the period of the last two weeks.
With occasional rises replenishing the market every once in a while during the last several days, Qtum is showing signs of growth, going up by over 3% within a day, although not enough to make up for all the losses that the bearish market has brought.
However, the current price of QTUM in the market isn’t the factor that has been gaining momentum for Qtum in the last three weeks, as this blockchain startup has made a significant partnership with Amazon Web Services.
What Can Amazon Web Services Do for QTUM?
During the last week of July, Qtum announced the integration of QTUM development platform to Amazon Web Services.
The announcement came out in an official release on medium, where the team explained that smart contract operations, as well as the development of decentralized applications, will become available through Amazon Web Services.
Amazon Web Services is a part of Amazon franchise and it makes up for one of the largest cloud software providers for business purposes. Since AWS users will be able to access to Amazon Image Machine, supported by Qtum core and IDE – Qmix Integrated Development Environment.
Given the fact that Amazon Web Services represents a massive base of users, Qtum should consequently gain more exposure through this cloud software giant, while reaching out to AWS as a handy way of utilizing smart contract technology and deploying decentralized applications.
All users of AWS are now able to directly access to an already pre-integrated Qtum technology with Amazon Image Machine, making deployment and utilization of smart contracts and Dapps simple and easy.
The team stressed out that the greatest impact that the announced integration will be made in the domain of enterprise-ready solutions, while people will get a chance to get to know Qtum a bit more through this implementation.
However, the significance of the new project with Amazon Web Service will not have an impact on QTUM currency, since developers using smart contracts and Dapp deployment features through Qtum and AWS integration won’t have to purchase QTUM in order to use the services provided by Amazon Web Services.
Qtum is using Ethereum Virtual Machine for Dapp creation and smart contract utilization, while the platform is already hosting over 50 different Dapps for various purposes.
While Amazon Web Services are going to promote Qtum technology through Dapp features and smart contract technology, QTUM as a currency won’t be physically affected through price since owning QTUM units is not required in order to access AWS Dapp services.
Qtum Development Updates
Although QTUM lost over -50% in the course of the last two months, Qtum blockchain is working on new development updates, most recently announcing the new version of m wallet, Qrypto 1.0.0.
The new version of Qrypto represents a beta update, while Bodhi development team announced that the newly updated version, as announced on August 10th, contains QRC20 token support for receiving and sending, while also offering improvements in form of a decentralized app interaction package.
That means that Qrypto 1.0.0 is able o interact directly with Dapps through Qtum platform, making m ecosystem smoother and Dapp interaction easily achievable.
While Amazon Web Services are focused on promoting integrations based on Qtum’s technology, Qrypto dev update will most certainly improve the experience of QTUM and QRC20 users, while enabling interactions with decentralized applications through the wallet.
QTUM in the Market
In the spirit of rebounding for the past two days, QTUM is seen going up by nearly 4% against the fiat, while heading towards the price of 5$ with the current pace of growth.
Qtum is currently ranked among the top 30 currencies, being ranked as the 23rd-best coin, while counting the market capitalization of over 427 million dollars.
QTUM has made its all-time high of over 103$ back in January 2018, while it lost around 90% of its values since making to its record price.
While the market is crumbling due to rough and frequent dips and drops, Qtum is focused on adoption, developments, and integrations, which goes in favor of further progress of Qtum as a promising blockchain project that successfully utilizes proof-of-steak for Dapp creation.