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Market stats

$290.6M

$32.3M

-22.06%

104.2M QTUM

97% of total supply

$106.88

+0.54%

+1.09%

-10.78%

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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.

What Is Qtum?

Qtum is a decentralized, open-source, public blockchain platform. The platform is a community project that intends to connect Bitcoin and Ethereum communities, the blockchain ecosystem, and the real world. The currency is based on the UTXO model and utilizes several virtual machines, including Ethereum Virtual Machine. To be precise, UTXO is the number of cryptocurrencies left by the user after completing the transaction. Also, Ethereum Virtual Machine (EVM) refers to a blockchain-built software that enables the creation of decentralized apps (DApps).

Additionally, Qtum aims at the account abstraction layer (AAL) that supports the execution of smart contracts. More precisely, the account abstraction layer hides the internal code and filters data. Besides this, the network adopts the proof-of-stake consensus mechanism to resist damage to the network environment. Also, the currency enables specific blockchain settings to be changed using smart contracts. For example, the Qtum block size can be altered easily without altering the blockchain rules. 

Additionally, the QTUM token is a native token of the Qtum platform and is based on the ERC20 protocol. Moreover, the token executes a standard application programming interface (API) for coins within smart contracts on Qtum. In brief, an API is software that enables communication between two applications.

In other words, Qtum is similar to ERC20 tokens. Additionally, QRC tokens are created as digital assets through Qtum smart contracts for supporting DApps. Also, to make transactions with QRC20 tokens, users need QTUM to pay the transaction fees. Moreover, some Qtum wallets possess in-built smart contract templates to build the tokens by filling a form quickly. The network offers users five different types of easy-to-use wallets. These wallets include Qtum Qt wallet, a staking-friendly desktop wallet for beginners. Additionally, the platform offers web and Android mobile wallets to quickly store tokens.

Who Founded Qtum?

Qtum was introduced by Patrick Dai, Neil Mahi, and Jordan Earls. The currency was launched on March 1, 2016, and released its prototype on October 31, 2016.

Qtum is on the decline this week.

The price of Qtum has fallen by 10.78% in the past 7 days. The price increased by 1.09% in the last 24 hours. In just the past hour, the price grew by 0.54%. The current price is $2.790508 per QTUM. Qtum is 97.39% below the all time high of $106.88.

The current circulating supply is 104,231,600.5 QTUM.

Qtum on social media.

Qtum was mentioned in 308 out of 1,548,727 social media posts on Twitter and Reddit on Jul 02, 2022. 204 unique individuals are talking about Qtum and it is ranked #419 in most mentions and activity from collected posts.

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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

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