What is Qtum (QTUM) Coin
Qtum (pronounced ‘“quantum”) is a proof-of-stake (PoS) smart contract open-source blockchain platform and value transfer protocol. It aims to bring together the strengths of Bitcoin and Ethereum in one chain. Qtum is built on Bitcoin’s UTXO transaction model, with the added functionality of smart contract execution and DApps. Recently, the platform added support for DeFi applications. As of March 2021, there are more than 20 tokens created on the Qtum blockchain.
The project was announced in March 2016 and held an ICO a year after, in March 2017, which brought its founders $15 million USD. The Qtum main chain was released on Sept.13, 2017. Initially, the Qtum coin was issued as a ETH-20 token, but with the launch of the mainnet, it was converted to native blockchain.
- Qtum (QTUM) is a blockchain aiming for “socio-technical application suitability, the adoption of formal semantics language expressiveness, and the provision of smart-contract template libraries for rapid best-practice industry deployment”.
- Its blockchain combines a UTXO model with a Proof-of-Stake (PoS) consensus mechanism, thanks to the use of a Account Abstraction Layer. In addition, Qtum allows for multiple virtual machines, such as the Ethereum Virtual Machine (EVM) and the x86 VM, and supports several programming languages including C, C++, Rust, and Python.
- The QTUM token is required to fuel transaction on Qtum and thus acts as some kind of “gas”.
- Qtum also has a decentralized governance protocol (DGP) to directly modify a predefined list of parameters such as the block-size and gas costs.
How To Buy Qtum (QTUM) Coin
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How Much is a Qtum (QTUM) Coin
Qtum (QTUM) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.
Qtum (QTUM) Coin Review
You can learn more about Qtum (QTUM) coin reviews and information on cryptocurrencies by visiting their official page available in the following.
Website https://qtum.org/en Whitepaper https://qtum.org/user/pages/01.home/Qtum%20New%20Whitepaper_en.pdf Github https://github.com/qtumproject Documentation https://qtum.org/en/developer Telegram https://t.me/qtumofficial Discord https://discord.com/invite/zyVMQSv Youtube https://www.youtube.com/channel/UCa4iVp5iMC8gijxBvzZI3UA