QTUM
Reputation Ratings

QTUM

Qtum 5-10 years
Website https://qtum.org/
Browser
OTH RELPs
Github
White Paper
Avg Price
-1.06%
1D

$ 3.7034 USD

$ 3.7034 USD

Market Cap

$ 393.036 million USD

$ 393.036m USD

24h trading volume

$ 47.474 million USD

$ 47.474m USD

7d Vol

$ 321.366 million USD

$ 321.366m USD

Circulating supply

105.154 million QTUM

Related information

Issue Time

2017-03-16

Platform pertained to

--

Current price

$3.7034USD

Market Cap

$393.036mUSD

Volume of Transaction

24h

$47.474mUSD

Circulating supply

105.154mQTUM

Volume of Transaction

7d

$321.366mUSD

Change

24h

-1.06%

Number of Markets

254

Github Messages

More

Warehouse

None

Github's IP Address

[Copy]

Codebase Size

0

Last Updated Time

2020-05-25 03:39:23

Language Involved

--

Agreement

--

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Historical Price

Introduction

Markets

3H

+0.21%

1D

-1.06%

1W

-4.85%

1M

-2.66%

1Y

+36.27%

All

-41.86%

Aspect Information
Short Name QTUM
Full Name Qtum Cryptocurrency
Founded year 2016
Main Founders Patrick Dai, Neil Mahi, and Jordan Earls
Support Exchanges Binance, Huobi Global, OKEx, etc.
Storage Wallet Qtum Core Wallet, Qtum Web Wallet, Qtum Mobile Wallet, etc.

Overview of QTUM

QTUM is an open-source blockchain and cryptocurrency developed and published by the QTUM foundation. It was conceived in 2016 by Patrick Dai, Neil Mahi, and Jordan Earls. The project combines the blockchain paradigm of both Bitcoin and Ethereum into a business-friendly blockchain. Unlike Bitcoin, which is a strictly peer-to-peer cryptocurrency, and Ethereum, which added smart contract functionality, QTUM attempts to marry the reliability of Bitcoin's unfailing blockchain with the infinite possibilities provided by smart contracts designed in the Ethereum blockchain.

As a result, QTUM serves as a stable and efficient platform for decentralized applications (dApps), while also incorporating the secure and robust nature of Bitcoin. QTUM coins, also known as Quantum, are the native utility tokens of the platform and are used as a staking mechanism in its consensus model.

You can buy and store QTUM on various exchanges and wallets. They're listed on several leading cryptocurrency exchanges like Binance, Huobi Global, and OKEx where they can be traded. They can be stored in the official QTUM Core Wallet, or the Qtum Web Wallet and Qtum Mobile Wallet for easier accessibility and convenience.

VIDEO URL LINK: https://youtu.be/wUp97rhtHcQ

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Pros and Cons

Pros Cons
Merges Bitcoin's stability with Ethereum's smart contracts Relative new entrant in competitive blockchain space
Native utility tokens used for staking Complex technology may hinder mainstream adoption
Listed on several leading exchanges Dependent on the performance and security of two different blockchains
Multiple wallet options for storage Market volatility can impact value

Pros:

1. Merges Bitcoin's stability with Ethereum's smart contracts: QTUM merges the stability and robustness of Bitcoin with the smart contract capabilities of Ethereum. This makes it potentially useful for a wide range of applications and thus giving it a broad use case.

2. Native utility tokens used for staking: QTUM's native utility tokens add great functionality to the platform. The tokens are used as a staking mechanism in the network's consensus model. This means QTUM token holders can participate in network operation activities and earn rewards.

3. Listed on several leading exchanges: The ubiquity of QTUM on popular exchanges such as Binance, Huobi Global, and OKEx increases its accessibility for users across the globe. This takes the hassle out of purchasing and trading QTUM tokens.

4. Multiple wallet options for storage: QTUM offers its users the flexibility of multiple wallet options. This can include the official QTUM Core Wallet, Qtum Web Wallet, and Qtum Mobile Wallet. This availability can increase the ease of use for different user preferences.

Cons:

1. Relative new entrant in competitive blockchain space: As a newer entry to the ever-growing and competitive blockchain space, QTUM may face strong competition from other well-established blockchain platforms. This can result in QTUM struggling to gain a significant market share and user base.

2. Complex technology may hinder mainstream adoption: Despite its proven functionality and advanced capabilities, the overall complexity of QTUM's technology could hinder its mainstream adoption. Users with little technical knowledge may struggle to understand and use its services.

3. Dependent on the performance and security of two different blockchains: Since QTUM merges the technologies of Bitcoin and Ethereum, it inherently depends on the performance and security of these two blockchains. Any systemic issues with these blockchains could potentially affect the performance of QTUM.

4. Market volatility can impact value: Like any other cryptocurrency, the market value of QTUM is subject to high levels of volatility. While this could mean high returns for investors during positive market trends, it also exposes them to potential losses during a market decline.

What Makes QTUM Unique?

QTUM integrates the best elements of Bitcoin and Ethereum to create a novel blockchain platform. From Bitcoin, QTUM borrows its highly stable UTXO transaction model and adds the smart contract layer from Ethereum, which are complemented by its native Proof-of-Stake (PoS) consensus mechanism. This combination allows for a greater degree of reliability in transactions while also providing a platform for the development and execution of complex smart contracts.

QTUM's unique approach lies in its Account Abstraction Layer. The Account Abstraction Layer essentially serves as a bridge between the Bitcoin UTXO model and Ethereum's EVM (Ethereum Virtual Machine), enabling the functionality of both to coexist in a harmonized environment. Through this system, QTUM brings developer-friendly smart contracts into a stable blockchain environment.

However, this innovative combination presents a unique set of challenges. Being dependent on two different technologies means potential issues on either platform may impact QTUM's performance. Furthermore, the complex architecture may pose a barrier to mainstream adoption as some users might find it difficult to understand and operate.

uniqueness

How Does QTUM Work?

Qtum (QTUM) is a hybrid blockchain platform that combines the best features of Bitcoin and Ethereum. It uses Bitcoin's UTXO model for transactions and Ethereum's EVM for smart contracts. This makes Qtum a more secure and efficient platform for developing and deploying smart contracts.

QTUM is the native token of the Qtum blockchain. It is used to pay for transaction fees, execute smart contracts, and stake to help secure the network. QTUM holders can also participate in platform governance by voting on proposed changes to the Qtum protocol.

Circulation of QTUM

Qtum (QTUM) is a hybrid blockchain platform with a total supply of 107,822,867 tokens and no mining cap, allowing for the ongoing creation of tokens until reaching the maximum supply. Its price has experienced significant fluctuations, from an all-time high of $93.70 in January 2018 to around $4.50 at present, influenced by factors such as market conditions, development progress, and speculation. The blockchain boasts over 2.8 million addresses, 367 global nodes, and annual staking ROI of 8.71%, while the annual inflation rate stands at 0.47%. With a block reward of 0.5 QTUM, a block interval of 32.04 seconds, and a staking difficulty of 1,247,082, Qtum provides insights into its network statistics and tokenomics.

Circulation

Exchanges to Buy QTUM

QTUM tokens can be purchased and sold on several prominent cryptocurrency exchanges, which support numerous currency pairs. Here are ten such exchanges and some example of currency or token pairs they support:

1. Binance: This platform supports trading pairs such as QTUM/BTC, QTUM/ETH, QTUM/USDT, and others.

2. Huobi Global: This exchange allows trading with pairs like QTUM/USDT, QTUM/BTC, and QTUM/ETH.

3. OKEx: Here, you can trade with pairs such as QTUM/USDT, QTUM/BTC, QTUM/ETH, among others.

4. Bithumb: Offers pairs such as QTUM/KRW which caters to South Korean users by allowing them to trade the token against the local currency.

5. KuCoin: This platform supports trading pairs including QTUM/BTC and QTUM/USDT.

6. HitBTC: This exchange enables trading pairs like QTUM/BTC, QTUM/ETH, and QTUM/USDT.

7. Kraken: This platform allows its users to trade with pairings like QTUM/USD, QTUM/EUR and QTUM/BTC.

8. Bitfinex: On this exchange, the following pairs are available for trading: QTUM/USD, QTUM/USDT, QTUM/BTC.

9. Bibox: This platform allows trading pairs such as QTUM/USDT, QTUM/BTC, to name a couple.

10. Crypto.com: QTUM can be traded here with pairs like QTUM/BTC and QTUM/USDT.

Keep in mind that not all exchanges operate in all countries, and available trading pairs can vary by location. It's also crucial to ensure that the chosen platform complies with the necessary security standards to guarantee a safe trading experience.

How to Store QTUM?

QTUM tokens can be stored in a variety of wallets. It is advisable to use wallets that are officially recognized and recommended by the QTUM team for maximum safety and reliability. Here are the main types of QTUM-supporting wallets:

1. QTUM Core Wallet: This is the official desktop wallet provided by QTUM. It's a full node wallet, which means that users who choose this option are downloading the entire QTUM blockchain to their desktop. This might require significant computing resources, but it also gives the user a high degree of control over their assets.

2. Qtum Web Wallet: This is an internet-based wallet, which provides the convenience of being able to access your QTUM tokens from any device with an internet connection.

3. Qtum Mobile Wallet: Designed for Android and iOS, these wallets allow users to manage their QTUM tokens from their smartphones, offering the advantage of accessibility and convenience.

4. Third-Party Wallets: Besides the official QTUM wallets, several third-party wallets also support QTUM, offering a range of features. Examples include hardware wallets like Ledger and Trezor, which are physically secure devices designed exclusively for storing cryptocurrencies. Another popular option is the multi-currency Qbao wallet.

It's worth noting that while web and mobile wallets offer more convenience, they are typically considered less secure than hardware and full-node desktop wallets. Therefore, the choice of the wallet depends on individual user needs and their balance of convenience versus security.

Wallets

Should You Buy QTUM?

QTUM can be suitable for a variety of individuals, including:

1. Long-Term Investors: Investors who believe in the long-term potential of smart contracts and are willing to hold the cryptocurrency for an extended period may find investing in QTUM appealing. This includes individuals looking for utility tokens with a unique technology proposition combining robustness and stability with smart contracts facility.

2. Traders: Crypto traders who are comfortable navigating the volatile landscape of cryptocurrencies and are looking to trade QTUM against other currencies for potential profit may also be interested.

3. Developers: Developers looking to create decentralized applications might also be attracted to QTUM, given its integrated approach to offer robust transaction capabilities with the power of Ethereum's smart contract.

4. Blockchain Enthusiasts: Those interested in novel technological approaches within the blockchain space might want to get hands-on with QTUM's unique combination of Bitcoin and Ethereum features.

Before deciding to buy QTUM, please consider the following advice:

Research: Engage in thorough research about QTUM, its founders, technical details, partnerships, and use cases. Keep yourself updated about recent news and developments related to QTUM.

Diversify: Don't put all your investments in one single asset or platform. Cryptocurrencies are known to be highly volatile. Having a diversified portfolio can help spread the risk.

Security: Choose a reliable wallet and ensure secure storage for your QTUM tokens.

Professional Financial Advice: Always consider seeking advice from financial advisors or professionals who have deep understandings of the crypto market, as this analysis is for informational purposes only and does not constitute investment advice.

It's essential to note that like any investment, purchasing QTUM carries financial risk, and investing in cryptocurrencies might not be suitable for everyone.

Conclusion

QTUM, an open-source cryptocurrency project based on a combination of Bitcoin's stable UTXO model and Ethereum's smart contract functionality, presents an intriguing proposition in the blockchain space. It aims to offer reliable and efficient decentralized applications while providing a secure platform through its native utility token, QTUM. However, being relatively new and inherently complex, the platform faces challenges in terms of competition and mainstream adoption.

Like any other cryptocurrency, it's listed on several leading exchanges and has multiple wallet options for storage, providing ease of access for its potential users. In terms of making money or appreciating value, it is important to note that the performance of cryptocurrencies is subject to market volatility, and they pose significant financial risks. While the future development of QTUM could see advancements and increased adoption that might enhance its value, it is not guaranteed, and thus investment should always be approached with a clear understanding of the risks involved. Potential investors are encouraged to conduct thorough research and consider professional financial advice.

FAQs

Q: What kind of blockchain project is QTUM?

A: QTUM is an open-source blockchain platform that merges Bitcoin's UTXO model with Ethereum's smart contract functionality.

Q: What is the utility of QTUM's native token, often known as Quantum?

A: The native QTUM token serves as a stake in the network's consensus mechanism, which is key to participating in network operations.

Q: What are the perceived strengths of the QTUM platform?

A: The key strengths of QTUM include the fusion of Bitcoin's stability with Ethereum's smart contracts, usability in staking, listing on several leading exchanges, and the provision of multiple wallet options for storage.

Q: Are there any notable challenges or drawbacks associated with QTUM?

A: Challenges for QTUM include its relatively late entry into the competitive blockchain field, the technical complexity that may limit mainstream adoption, dependence on two distinct blockchains for performance and security, and susceptibility to market volatility.

Q: Can you explain what sets QTUM apart from other cryptocurrencies?

A: QTUM's primary difference from other cryptocurrencies lies in its implementation of an Account Abstraction Layer that merges Bitcoin's robust UTXO model and Ethereum's EVM system, aiming to offer both transaction stability and smart contract functionality simultaneously.

Q: What is the fundamental working mechanism of QTUM?

A: QTUM works by integrating Bitcoin's UTXO model with Ethereum's Virtual Machine, managed by the Account Abstract Layer, and uses a Decentralized Proof-of-Stake protocol for consensus

Q: Who would be the ideal candidates for buying QTUM tokens?

A: Potential purchasers of QTUM tokens include long-term investors, active traders, developers aiming to create decentralized applications, and blockchain enthusiasts interested in its novel technological approach.

Q: What is the outlook for QTUM's future development and potential for profit or value appreciation?

A: QTUM's future development might involve further enhancements and increased adoption, possibly leading to value appreciation; however, like all cryptocurrencies, it is subject to high market volatility and financial risk, so potential profits are not assured.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

User Reviews

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10 ratings

Participate in evaluation
Junkcoin
2023-12-17 17:13
4
Dory724
qtum Bridges the gap between Bitcoin and Ethereum. Decent project, but faces competition in the smart contract space.
2023-11-20 17:37
6
lee97479
The interface design of Quantum Link is complex and unfriendly, which is really confusing at first. Furthermore, the withdrawal speed is really disappointing, and I often cry while waiting.
2023-10-19 19:12
3
leofrost
Qtum (QTUM) is a blockchain platform that combines the security of Bitcoin's UTXO model with the flexibility of the Ethereum Virtual Machine (EVM). It aims to facilitate the development of decentralized applications (DApps) and smart contracts while maintaining compatibility with existing blockchain ecosystems. Qtum's Proof-of-Stake consensus mechanism enhances scalability and energy efficiency. The project focuses on bridging the gap between blockchain technology and real-world business applications, offering a robust platform for enterprise solutions. Monitoring Qtum's partnerships, technological advancements, and adoption in both blockchain and business sectors can provide insights into the ongoing significance of the platform.
2023-11-30 22:12
3
FX1604847011
Quantum (QRL) is an intriguing token to invest in, packed with high-tech quantum-resistant offerings. Yet, the problem is, it's still under recognized. So, potential potential but low liquidity.
2024-03-13 15:44
7
FX1908958143
Quantum Chain has a user-friendly interface, easy to use but the withdrawal/deposit speed is a bit slow. The transaction fee is also acceptable.
2024-02-07 16:27
3
Windowlight
Qtum's combination of Bitcoin's security and Ethereum's smart contract capabilities makes it a versatile blockchain platform with potential applications across various industries.
2023-12-22 00:42
1
Dazzling Dust
Qtum serves as a versatile blockchain aiming to tackle four key challenges identified in BTC and ETH platforms: interoperability, governance, the inflexibility and costliness of proof-of-work mechanisms, and the challenge of integrating smart contracts with real-world applications. By addressing these issues, Qtum strives to provide a more adaptable and practical blockchain solution for a variety of use cases.
2023-11-29 05:39
7
Ugonna421
Qtum's integration of smart contracts with a proof-of-stake consensus mechanism is innovative. The platform's focus on bridging the gap between Bitcoin and Ethereum showcases its versatility.
2023-12-25 19:30
7
Jenny8248
QTUM aims to combine the best of both Bitcoin and Ethereum, utilizing a Proof-of-Stake consensus mechanism and the Ethereum Virtual Machine.
2023-12-05 00:32
5