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About Qtum

Qtum (pronounced “quantum”) is a cryptocurrency that seeks to add Ethereum smart contracts to Bitcoin’s blockchain while using proof of stake for verification. Qtum’s goal is to increase the interoperability of smart contract applications.

Qtum (pronounced 'quantum') is an open-source blockchain platform and value transfer protocol that utilizes a proof-of-stake (PoS) consensus mechanism. It aims to amalgamate the strengths of Bitcoin and Ethereum on a single chain. Built on Bitcoin's UTXO transaction model, Qtum incorporates the functionality of smart contract execution and Decentralized Applications (DApps). The platform has recently extended its support to DeFi applications and hosts over 20 tokens on its blockchain. Qtum's unique technologies, the Account Abstraction Layer (AAL) and the Decentralized Governance Protocol (DGP), aim to address issues of interoperability, governance, rigidity, and the costliness of proof-of-work mechanisms.

Qtum operates through a unique consensus mechanism known as Mutualized Proof-of-Stake (MPoS). This mechanism encourages users to keep their coins locked to facilitate and secure block validation, a process known as staking. The right to validate a block is determined by a combination of a user's connectivity to the network and random chance. The block reward is constant and does not depend on coin age, with rewards spread proportionally to the stake. This means the more coins a user contributes to the process, the more they may be compensated. Qtum's Account Abstraction Layer (AAL) integrates the UTXO account layer inherited from Bitcoin with the smart contract layer, inspired by Ethereum. This allows users to build applications and host them on virtual machines, including the Ethereum Virtual Machine (EVM), and the x86 virtual machine.

Qtum aims to provide a general-purpose blockchain that can be used to address a variety of issues found in BTC and ETH blockchain platforms. Its unique technologies, the Account Abstraction Layer (AAL) and the Decentralized Governance Protocol (DGP), allow for the creation and hosting of applications on virtual machines. This includes the Ethereum Virtual Machine (EVM) and the x86 virtual machine. Qtum's compatibility with several programming languages like C, C++, Rust, and Python, makes it a potential platform for developers looking to build and deploy decentralized applications. The platform has integrated common programming libraries in the form of smart contracts.

Qtum was announced and held an Initial Coin Offering (ICO) subsequently, gathering significant resources. The Qtum main chain was released later. Initially, the Qtum coin was issued as an ETH-20 token, but with the launch of the mainnet, it was converted to native blockchain. The project was initiated by Patrick Dai, who studied computer science at Draper University and worked on several blockchain projects before starting Qtum. The other two co-founders are the CTO and blockchain architect Neil Mahi and lead developer Jordan Earls. The Qtum team also includes several high-profile backers, including Roger Ver from Bitcoin.com and Jeremy Gardner, an early crypto investor and co-founder of Augur.

Market

Singapore Market Stats

Market cap

S$563.8M

Volume (24h)

S$77.8M

Circulating supply

104.8M QTUM

All time high

S$145.58

Price change (1h)

+0.33%

Price change (24h)

+0.54%

Price change (7d)

-7.98%

Singapore News about Qtum

The Block • Apr 30, 24

Hong Kong’s spot bitcoin, ether ETFs see over $6.3 million in half-day volume upon debut

The trading volume of the newly listed spot bitcoin and ether ETFs in Hong Kong amounted to over $6.3 million during the morning session today.

Read more

News Article Image

BeInCrypto • Apr 30, 24

Spot Bitcoin and Ethereum ETFs Debut in Hong Kong: Will It Outpace Its US Counterpart?

Hong Kong officially launches spot Bitcoin and Ethereum ETFs, available in multiple currencies on the HKEX.The post Spot Bitcoin and Ethereum ETFs Debut in Hong Kong: Will It Outpace Its US Counterpart? appeared first on BeInCrypto.

Read more

News Article Image

The Block • Apr 30, 24

Hong Kong officially debuts Asia’s first spot bitcoin, ether ETFs

Six spot bitcoin and ether ETFs — managed by ChinaAMC, Harvest Global, Bosera and HashKey — officially debuted in Hong Kong today

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News Article Image

Bitcoin Magazine • Apr 30, 24

Spot Bitcoin ETFs Commence Trading in Hong Kong

Almost five months after the US approves spot Bitcoin ETFs for trading, Asia follows.

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News Article Image

The Block • Apr 29, 24

MicroStrategy buys 122 BTC in April to bring total holdings to 214,400 BTC

Michael Saylor's MicroStrategy purchased $7.8 million worth of BTC in April, bringing its total holdings to 214,400 BTC.

Read more

News Article Image

CoinDesk • Apr 29, 24

Bitcoin Wavers Around $63K, Awaiting Hong Kong Spot Crypto ETF Debut

Despite muted anticipation for the new products, an executive of one of the issuers reportedly expects that the first-day issuance of the Hong Kong offerings will exceed the U.S. debut in January.

Read more

News Article Image

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Qtum is on the decline this week.

The price of Qtum has increased by 0.33% in the last hour and increased by 0.54% in the past 24 hours. Qtum’s price has also fallen by 7.98% in the past week. The current price is S$5.38 per QTUM with a 24-hour trading volume of S$77.79M. Currently, Qtum is valued at 96.30% below its all time high of S$145.58. This all-time high was the highest price paid for Qtum since its launch.

The current circulating supply of Qtum is 104,755,842 QTUM which means that Qtum has as total market cap of 104,755,842.

FAQ

What is the current price of Qtum?

We update our Qtum to SGD currency in real-time. Get the live price of Qtum on Coinbase.

What is the market cap of Qtum?

The current market cap of Qtum is S$563.78M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Qtum?

The all-time high of Qtum is S$145.58. This all-time high is highest price paid for Qtum since it was launched.

What is the 24 hour trading volume of Qtum?

Over the last 24 hours, the trading volume of Qtum is S$77.79M.

What other assets are similar to Qtum?

Assets that have a similar market cap to Qtum include SafePal, Aleph Zero, L7, and many others. To see a full list, see our comparable market cap assets.

How many Qtum are there?

The current circulating supply of Qtum is 105 million.

Can I buy Qtum on Coinbase?

No, Qtum is not currently available on Coinbase, but you can sign up to get the latest news on Qtum and be notified when it gets added to our exchange.