What is Qtum?
Qtum is an open source blockchain technology and cryptocurrency designed to facilitate the interoperability of significant cryptocurrencies such as Bitcoin and Ethereum, as well as to make smart contracts more secure and easier to handle.
In March 2017, QTUM launched a crowdfunding campaign to seek funds for the development of their new blockchain-based platform. The crowd share was scheduled to last 30 days, or until all tokens were sold. 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 just five days. They increased 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.
How do Qtum works?
QTUM was designed to integrate the best parts of the Bitcoin and Ethereum platforms into a business-friendly blockchain.A smart contract is a computer program that is capable of facilitating, executing, and enforcing the negotiation or performance of an agreement using blockchain technology. Bitcoin was designed to be a value transfer program, while Ethereum primarily a smart contracts platform. QTUM is a hybrid of the two, a value transfer protocol which can also support DAPPs and smart contracts. The system uses Proof of Stake (PoS) algorithm to validate transactions. The ‘miners’ will receive the incentive when network consensus is reached and is termed as IPOS (Incentivized Proof of Stake).
Qtum: Uniques Features
The accounting model is similar to a bank account. Each party has a balance and can subtract a portion of their surplus to increase the balance of another party to send money. The UTXO model, on the other hand, is similar to having an ecosystem built on bank checks. There is a “pay to” field which in our example provides instructions to how the money must be spent, and each check has an amount. QTUM is the world’s first Proof-of-Stake (POS) smart contracts platform.
How to buy Qtum?
QTUM can be bought on various exchanges, such as Korean based Coinone, Bittrex, and Binacne.
QTUM has a OSX, Windows and Linux wallet available for download. QTUM plans to release a mobile wallet app soon which will allow you not only to store your coins but will also allow you to stake your coins from the wallet. It is possible to stake your QTUM coins as well, but unfortunately, as of now, it requires a bit of programming knowledge to set up.
Qtum Price Prediction 2018
Qtum Price Prediction 2018 Cryptocurrencies are an extremely hot topic at the moment. Qtum coin price could potentially go in this year. The price of Qtum today is $58.34 and show the volume of $990,084,000. The market cap value is marked as $4,305,296,621 and current supply of 73,792,224 QTUM. If you buy Qtum for 100 dollars today, you will get a total of 1.726 QTUM. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-01-06 is 522.337 US Dollars. With a 5-year investment, the revenue is expected to be around +801.57%. Your current $100 investment may be up to $901.57 in 2022.Qtum altcoin news, Qtum altcoin mining, Qtum altcoin price, Qtum altcoin market cap, Qtum altcoin exchanges, Qtum Altcoins price today, Qtum cash, Qtum price chart.