qtum Qtum (QTUM)

$6.720
1.69% (24H)
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Market CapVolumeAvailable Supply
$696.39 M$133.93 M103.60 M QTUM

Qtum current price is $6.720 with a marketcap of $696.39 M. Its price is 1.69% up in last 24 hours.

Qtum is a decentralized and open-source smart contracts platform and value transfer protocol. Qtum uses proof-of-stake consensus, meaning node operators are rewarded for validating transactions. It is a DGP governed blockchain where community participants can vote to change certain network parameters. Qtum is built on a bitcoin core fork, but the foundation has created its own hybrid blockchain with the help of several key tools. The coin uses bitcoin’s chain because of its simple and stable nature, allowing the foundation to build upon it more easily. As the QTUM project is a hybrid of Bitcoin and Ethereum, its team comprises of members from both Bitcoin and Ethereum community. They also have team members who formerly worked with Tencent, Alibaba, Nasdaq etc. Apart from that, they are backed by some notable VCs and prominent people from the Blockchain community such as Patrick Dai (Project Co-Founder), Neil Mahi (Chief Blockchain Architect/Co-Founder) and Jordan Earls (Lead Developer/Co-Founder). Qtum provides a Turing-complete blockchain stack and is able to execute smart contracts and decentralised applications like the Ethereum blockchain. Qtum builds on Bitcoin's UTXO transaction model and uses the Proof-of-Stake algorithm. It is backed by some highly prominent members of the blockchain community such as Anthony Di Iorio, Xu Star, Bo Shen, David Lee, Jehan Chu and Roger Ver. Qtum sold over 10 million dollars’ worth of its tokens after only 90 minutes, eventually raising a total value of $15.7 million before stopping the campaign early after only 5 days. They raised a total amount of 11,156.766 bitcoins (BTC) and 77,081.031 ether (ETH) in exchange for the 51 million Qtum tokens being distributed to the public. In Qtum’s whitepaper, 51% of the coins were distributed to the public via the crowdfunding campaign. Of the remaining 49%, 29% of the coins would be allocated as community incentives, and the remaining 20% would be distributed to the early backers and development team.
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10 Qtum (QTUM)
=
67.10USD

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The Qtum #Blockchain combines Bitcoin's UTXO model with the EVM. Consensus is achieved using Proof-of-Stake.

We recently wrote an article about the UTXO portion of Qtum's design, here's part 2 that discusses the Ethereum Virtual Machine

https://blog.qtum.org/the-ethereum-virtual-machine-def21fdc8953

#cryptocurrency

Here's a short #Qtum video we made for the community, hope you like it!

#blockchain

https://www.youtube.com/watch?v=SAbhiPywLCI

Did you know a #Qtum block is solved approximately every 32 seconds, and the reward is 1 Qtum?

This amount will halve sometime around December 2021, so only 0.5 Qtum will be rewarded to stakers

It's possible to stake Qtum offline:

https://youtube.com/watch?v=FhO26dethj0

#DeFi

The #Qtum project has been Proof-of-Stake since our main network launch in September 2017. We released an update recently that allows you to stake your tokens offline, it's better for the environment!

Here's a tutorial video

https://www.youtube.com/watch?v=82r7B6TMPSk

#DeFi #cryptocurrency

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