Editor’s note: This was contributed by Patrick Dai, the founder of the Qtum Foundation. Patrick is a fellow at SUSS and was recently selected as one of Forbes China’s 30 under 30 for his contributions to consumer technology. Patrick was previously employed by Alibaba and has committed himself to the development of blockchain technology since 2012. 

What is Blockchain? What are tokens? What’s the meaning of the Qtum project? What’s the difference between Qtum, EOS, Ethereum, and every other blockchain? And, what’s the difference between an ICO and equity financing?

For many of these questions, it’s difficult to have an accurate understanding. There are many reasons for this problem. One being that blockchain technology is a combination of a concept change both technologically and organizationally, which can be difficult to explain.

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