QTUM is an open-sourced value transfer platform which concentrates on mobile decentralized apps or DAPPs
What is Qtum (QTUM)?
Qtum is a blockchain technology and cryptocurrency designed to facilitate the interoperability of major cryptocurrencies such as Bitcoin and Ethereum, as well as to make smart contracts more secure and easier to handle. Thus, It is a fully decentralized peer to peer microtransaction-able cryptocurrency which employs the stability and blockchain technology of Bitcoin and the modern features of Ethereum including EVM and Smart Contracts.
Qtum (QTUM): History
In March 2017, QTUM launched a crowdfunding campaign to seek funds for the development of their new blockchain-based platform. 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 five days. In February 2017, a Twitter account alleged that the lead developer of Qtum, Patrick Dai, is Steven Dai, the main mastermind behind the Bitbay scandal of 2014.
How Does Qtum (QTUM) Work?
Qtum uses the Bitcoin’s Unspent Transaction Output (UTXO) model and the Ethereum Virtual Machine (EVM) technology from Ethereum to allow businesses and individuals from around the world to create smart contracts easily. Qtum creates a smart layer which allows Ethereum Virtual Machines to interpret the UTXO blockchain data from Bitcoin. The system uses Proof of Stake algorithm for validating transactions. The ‘miners’ will get the incentive when network consensus is reached and is termed as IPOS (Incentivized Proof of Stake).
How to Buy Qtum (QTUM)?
First, we need to set up a wallet to store the QTUM you are about to buy. So go to the QTUM github, this is where they release their latest wallets. Then buy Ethereum by using Coinbase as we are unable to buy Qtum directly. Then you can trade it for Qtum.
Qtum (QTUM) Price Prediction 2018
QTUM can be a profitable investment option. Qtum price equal to 32.162 USD at 2018-02-14. If you buy Qtum for 100 dollars today, you will get a total of 3.109 QTUM. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-02-09 is 439.222 US Dollars. With a 5-year investment, the revenue is expected to be around +1265.65%. Your current $100 investment may be up to $1365.65 in 2022. Qtum (QTUM) price today is $32.09 and have the current supply of 73,880,396 QTUM. The market cap value is $2,370,489,446 and the volume is marked as $378,221,000. Qtum price prediction, Qtum price forecast, Qtum price and news, QTUM price forecast, QTUM price prediction 2018, What is the price of Qtum 2018.