Qtum is a decentralized blockchain project built on Bitcoin's UTXO model, with support for Ethereum Virtual Machine based smart contracts, and secured by a proof-of-stake consensus model. It achieves this through the revolutionary Account Abstraction Layer which allows the EVM to communicate with Qtum's Bitcoin-like UTXO blockchain. Breaking this down, Qtum provides users with the ability to create and manage DAPP's through smart contracts, in a similar fashion to Ethereum. Unlike Ethereum however, Qtum has the added benefit of using the Bitcoin UTXO model for added security. QTUM coin is used to access DAPP, token voting, community autonomy, and application function consumption/payment.