Price: $2.15431
+ 3.70%
Volume(24h): $39,560,554
Market Cap: $191,180,749
The Qtum decentralized Blockchain technology, developed by Singapore-based Qtum Foundation, combines a modified Bitcoin Core infrastructure with an intercompatible version of the Ethereum Virtual Machine (EVM) to build a network for real-world business applications. It is a business oriented platform that uses the Proof-of-Stake consensus protocol. Qtum offers to businesses and institutions to easily apply smart contracts. It aims to create a smart contract hub that will offer secure and tested contract templates, appropriate for a variety of industries and use cases, including supply chain management, telecommunications, IoT, social networking.

Crypto Coin Index:

Top 30 CryptoCoin INDEX

Minable: No

Coin Prefix: QTUM

Type: Coin


Latest Hight: $25.55

Qtum Markets

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QTUM - Combines Blockchain’s Reliability with Infinite Possibilities Provided by Smart Contracts

  • Type: Altcoin
  • Minable: Yes
  • Based in: China
  • Founder: Brett Fincaryk

QTUM is a peculiar hybrid cryptocurrency that had to overcome not only its well-known coin predecessors’ influence on the market, but also the community confusion about its innovative and initially unclear usage. Until the 2017 pre-Christmas boom, QTUM was in some ways an underdog in the cryptocurrency world, barely reaching the Top 20 coins on the market. In essence, it uses a technology model based on both Bitcoin and Ethereum. The project utilizes the Unspent Transaction Output (UTXO) model of Bitcoin and Ethereum’s decentralized ecosystem for application building and usage of smart contracts. In other words, using the best features of both worlds, QTUM provides both private, secure and multi-accessible service for decentralized business solutions, peer-to-peer transactions and data exchange within the Blockchain technology. Furthermore, QTUM uses EVM (Ethereum Virtual Machine) to back smart contracts and transactions. Initially, QTUM has Account Abstraction Layer (AAL) that allows the EVM to function on the Blockchain. It also employs a Proof-of-Stake consensus mechanism that is more practical for business adoption.

Besides being the native currency of its own network, QTUM major purpose is to foster lightweight applications and transactions, applicable and compatible on multiple Blockchain systems. The major strength of the QTUM coin is the adoption of interoperability. This means that it neglects the central cryptocurrency issue – they are built to serve a definite purpose and cannot circulate together. QTUM not only utilizes the interoperability of other cryptocurrencies as a transaction method, but also uses this same tool to make smart contracts usage safer, more personalized and reliable. QTUM is applicable on multiple platforms and has a wide mobile platform usage. With a total supply of around 100 million units, QTUM has already more than 75% of it running in circulation on the market and in the Blockchain. The long-term price predictions for QTUM are in favor of its gradual increase over the course of 2018.


QTUM market dynamics

QTUM’s main goal is to emphasize the value of its applications for businesses. The company’s initial coin offering (ICO) in March 2017 gathered over USD 15 million in five days. The fast-paced growing QTUM Network attracts a multitude of ICO projects, thus proving a business reliable platform and increasing the value of the coin. The network suggests a robust global community, further stepping up as a reliable cryptocurrency for multi-operational use in the Blockchain network market.


New horizons for QTUM

Whereas the QTUM project is not exactly a revolutionary idea in Blockchain technology, its growing capabilities to service the needs of businesses with smart contract Blockchain solutions look promising. The QTUM coin is gradually climbing up the ranks towards the Top 10 digital currencies, working in three fields to achieve that goal -community-driven governance, pushing QTUM towards the leading spot in decentralizing Blockchain network services, and technological improvement and involvement. QTUM is a user-oriented cryptocurrency with a stable, secure Blockchain system back-up and actual economic impact in terms of trade potential, holders’ revenue potential, exchange potential. QTUM future offers much promise but it is hard to predict what lies ahead.