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What is Qtum (QTUM)?

Qtum basic info

Name:Qtum
Ticker:
Introduction:

What is Qtum?

Qtum, pronounced as "Quantum", is a groundbreaking blockchain network that saw its inception in 2016. This open-source blockchain platform amalgamates the best features of Bitcoin and Ethereum, offering a developer-friendly environment that supports secure decentralized applications (DApps). By utilizing Bitcoin's Unspent Transaction Output (UTXO) transaction model and integrating it with an adaptation layer interface to the Ethereum Virtual Machine, Qtum has successfully created the first UTXO-based smart contract platform.

This Singapore-based project, founded by Ashley Houston, Neil Mahl, and Patrick Dai, raised US$15.6 million through an Initial Coin Offering (ICO) in 2017 before launching its mainnet in September of the same year. The unique architecture of Qtum, which combines the smart contract capabilities of Ethereum with the UTXO accounting system of Bitcoin, has positioned it as a formidable entity in the cryptocurrency space, fostering a rapidly growing DApp ecosystem that includes decentralized games, search engines, payment toolkits, and social networks.

Resources

Whitepaper: https://qtumorg.s3.ap-northeast-2.amazonaws.com/Qtum_New_Whitepaper_en.pdf

Official website: https://qtum.org/

How Does Qtum Work?

Qtum operates through a three-layer architecture, comprising the base layer where network addresses are maintained using the UTXO model, the Account Abstraction Layer (AAL) that acts as a bridge between the base and the Virtual Machine (VM) layer, and the VM layer where all smart contract processing occurs. This intricate structure allows Qtum to maintain smart contract code execution on the VM layer while passing the finalized account balance values to the base layer for record-keeping in the UTXO format.

The network employs a unique block validation method known as mutualized proof of stake (MPoS), enhancing the security of the Qtum blockchain and minimizing the likelihood of hacking attacks. This consensus mechanism shares block rewards between the node that validates a new block and the nine previous successful block validators, with a portion of the reward being delayed by 500 blocks.

What is QTUM Token?

QTUM is the native cryptocurrency of the Qtum network, serving as the gas token for transactions and smart contract transactions on the platform. Initially distributed through an ICO in March 2017, the token has a maximum specified supply of 107,822,406. QTUM tokens are instrumental in paying transaction fees on the network, participating in on-chain governance protocols, and staking to validate blocks. The token has shown promising signs of recovery, indicating its inherent potential and solid business fundamentals.

Qtum’s Impact on Finance

Qtum stands as a beacon of innovation in the financial sector, offering a secure and scalable platform for businesses to host their DApps. Its decentralized governance protocol (DGP) allows various stakeholders to influence the direction of the project, fostering a democratic and inclusive environment. Moreover, the network's large node network and growing DeFi ecosystem position it as a hotbed for DApp development, particularly in the decentralized finance (DeFi) niche.

By combining the security features of Bitcoin's UTXO model with the smart contract capabilities of Ethereum, Qtum has crafted a potent platform that is poised to attract significant attention from the business community. As Qtum continues to articulate its advantages and enhance its functionality, it stands as a promising investment, ready to make substantial inroads in the business-to-business world.

What Determines Qtum’s Price?

The price of Qtum cryptocurrency is influenced by a myriad of factors, akin to other digital assets in the sector. A critical area of interest for potential investors often includes an in-depth look at Qtum's price history. This encompasses a detailed analysis of historical price data and trends, which can often be visualized through a live price chart. Coupling this data with expert price analyses helps in crafting well-informed forecasts, pivotal for short-term and long-term investment strategies.

Predicting the price of QTUM has become a hot topic within the cryptocurrency community. Experts and analysts constantly monitor various indicators, including the QTUM market cap, to provide accurate forecasts. To predict future movements, many juxtapose the current price of QTUM with past trends seen in its price graph. Numerous platforms offer insights into Qtum (QTUM) price trends, assisting investors in making informed decisions based on comprehensive investment analyses. Moreover, closely observing the QTUM/USD price ratio is a practice that enables investors to better understand potential returns on investment and market movements.

As we look ahead, there's a growing interest in predictions concerning Qtum's price in 2023. These forecasts consider the present market dynamics and potential future developments within the blockchain sphere. It is anticipated that the QTUM crypto price will undergo several fluctuations, swayed by broader market trends and milestones achieved by the project. Staying updated with the latest price updates and regularly checking the coin's price can furnish investors with the insights needed to effectively navigate the volatile cryptocurrency market. As Qtum continues to evolve, it maintains a significant position in the industry, with its token price reflecting its standing and potential growth within the blockchain sector.

Conclusion

In conclusion, Qtum emerges as a revolutionary force in the cryptocurrency landscape, seamlessly integrating the stellar features of both Bitcoin and Ethereum to craft a robust, secure, and developer-friendly blockchain network. Since its inception in 2016, Qtum has embarked on a path of continuous innovation, facilitating a thriving ecosystem for decentralized applications (DApps), encompassing sectors such as decentralized finance (DeFi) and beyond. Leveraging the unmatched security features of Bitcoin's UTXO transaction model and the dynamic smart contract capabilities of Ethereum, Qtum presents an attractive investment avenue with a promising trajectory, reflected in the fluctuating yet resilient price trends of its native QTUM token.

Prospective investors and enthusiasts should keenly monitor the QTUM/USD price ratio and market capitalization to craft informed investment strategies, banking on comprehensive analyses and forecasts provided by industry experts. As Qtum cements its status as a formidable player in the blockchain network arena, its potential growth and expansive impact on the financial sector signify an opportune moment for investment and participation in its decentralized governance protocols.

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Current price:
All-time high:$106.88
All-time low:$0.7700

QTUM supply and tokenomics

Circulating supply:105,450,350 QTUM
Total supply:107,822,406 QTUM
Max supply:0 QTUM
Market cap:$331.45M
Fully diluted market cap:$338.91M
Token allocation:
Community
80.00%
The foundation initiator, early backers, and the development team
20.00%
Tokenomics:

Uniqueness

Qtum is a general purpose blockchain that tries to address four issues its founders found most problematic in BTC and ETH blockchain platforms: interoperability, governance, rigidity and costliness of proof-of-work mechanism and difficulty of connecting smart contracts with real life applications. The Qtum blockchain has two unique technologies that aim to solve that: Account Abstraction Layer (AAL) and Decentralized Governance Protocol (DGP).

The Account Abstraction Layer integrates the UTXO (Unspent Transaction Output) account layer inherited from Bitcoin with the smart contract layer, inspired by Ethereum. It allows users to build applications and host them on virtual machines, including the Ethereum Virtual Machine (EVM), and the x86 virtual machine. It also supports i686 instruction set and several programming languages like C, C++, Rust and Python, which makes it very easy to adopt existing apps and compile for Qtum. Not only does it allow turing-complete smart contracts, Qtum also plans to integrate common programming libraries in the form of smart contracts.

The Decentralized Governance Protocol allows smart contracts to change the core parameters of the network such as block size and gas fees without ever needing to hard fork the blockchain, which may save a lot of trouble as the network is evolving. Miners (stakers), developers and QTUM holders within the entire ecosystem are involved in blockchain governance through voting, and the blockchain can realize self-management, upgrades and iteration.

Links

Buy Qtum for $1Buy QTUM now

What is the development prospect and future value of QTUM?

The market value of QTUM currently stands at $331.45M, and its market ranking is #198. The value of QTUM is widely recognized by the market. When the bull market comes, the market value of QTUM will likely continue to increase.

Moreover, if QTUM can play a greater role in practical applications, such as Qtum builders fully leveraging the potential of QTUM, partnering with more businesses, and increasing its user base, the long-term value of QTUM will be significantly enhanced.

What will the price of QTUM be in 2025?
Based on QTUM's historical price performance prediction model, the price of QTUM is projected to reach $4.97 in 2025.
What will the price of QTUM be in 2030?
In 2030, the QTUM price is expected to change by +5.00%. By the end of 2030, the QTUM price is projected to reach $10.05, with a cumulative ROI of +229.70%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of QTUM and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is QTUM worth investing or holding? How to buy QTUM from a crypto exchange?

If you want to buy QTUM, the following information may be helpful for your investment decisions:
In the last 7 days, the price of QTUM has fallen by -21.28%, leading to negative returns for most QTUM investors. The market is currently pessimistic about the price trend of QTUM.
It is important to note that the current price of QTUM has retreated by -97.06% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether QTUM is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in QTUM or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of QTUM, if you want to buy or sell QTUM, you can consider Bitget for your trading needs. The best place to buy QTUM is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Qtum has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Qtum. Here's a step-by-step guide on how to buy Qtum on Bitget.

How to get Qtum through other methods?

Using cash to buy Qtum is not the only way to obtain Qtum. If you have the time to spare, you can get Qtum for free.
Learn how to earn Qtum for free through the Learn2Earn promotion.
Earn free Qtum by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Qtum airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Qtum through Bitget Convert, Bitget Swap, or spot trading.

What is Qtum used for and how to use Qtum?

The use case of Qtum may expand as the crypto market and the project itself develop. Currently, you can use QTUM to achieve the following goals:
Arbitrage by trading QTUM: Since QTUM is a frequently traded cryptocurrency, the price of QTUM is always fluctuating. Earn more QTUM by buying low and selling high on the exchange. Bitget spot market provides a variety of QTUM trading pairs to fully meet your needs.
Earn by staking QTUM: You can also generate income through financial management methods such as staking QTUM or lending QTUM. Bitget Earn offers a variety of financial products designed to help you earn more income from your QTUM.
Send or pay QTUM: If you want to give QTUM to your friends, a charity, or a fundraiser, or you want to pay someone with QTUM, you can quickly and easily send QTUM to the recipient through their payment address.
You can also go to the official website of the Qtum project to learn more about the use cases of QTUM. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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