Today's Qtum Price Overview
- Current Price: $1.99 USD
- 24-Hour Trading Volume: $47.54 million
- Price Change (24h): +0.00%
- Circulating Supply: 105.71 million QTUM
- Max Supply: 107.82 million QTUM
What Is Qtum?
Qtum is an open-source public blockchain designed to merge the strengths of Bitcoin (security) and Ethereum (smart contracts). Its UTXO model (like Bitcoin) ensures robust security, while its Ethereum Virtual Machine (EVM) compatibility enables decentralized applications (dApps).
👉 Explore Qtum’s hybrid blockchain technology
Key Features:
- Proof-of-Stake (PoS) Consensus: Energy-efficient compared to Bitcoin’s Proof-of-Work.
- Account Abstraction Layer (AAL): Bridges smart contracts with UTXO transactions.
- Decentralized Governance: Token holders vote on protocol upgrades without hard forks.
History of Qtum
Founded in 2016 by the Qtum Foundation (Singapore), Qtum’s team included Patrick Dai, Jordan Earls, and Neil Mahl. Its 2017 ICO raised $15 million, distributing 51% of the initial 100 million QTM supply. The mainnet launched in October 2017.
Mission:
Qtum targets enterprise adoption by offering a scalable, secure platform for industries like finance and social networking.
How Qtum Works
- Bitcoin’s UTXO Model: Ensures transaction security.
- Ethereum-Style Smart Contracts: Powered by Qtum’s custom virtual machine.
- Global Node Network: One of the largest after Bitcoin and Ethereum.
Innovations:
- Energy Efficiency: PoS reduces electricity use vs. Bitcoin’s PoW.
- AAL Technology: Enables UTXO and smart contracts to interact seamlessly.
👉 Learn how Qtum compares to Ethereum
Use Cases for Qtum (QTM)
- Multi-Wallet Ecosystem: Supports iOS, Android, desktop, and hardware wallets.
- Transaction Fees: Paid in QTM.
- Governance: Token holders vote on platform upgrades.
FAQs About Qtum
Q: Is Qtum a good investment?
A: Qtum’s hybrid technology offers unique value, but always research market trends before investing.
Q: How does Qtum’s PoS work?
A: Validators stake QTM to secure the network and earn rewards, avoiding energy-intensive mining.
Q: Can Qtum replace Ethereum?
A: While Qtum enhances scalability and energy efficiency, Ethereum’s developer ecosystem remains larger.
Q: Where can I buy QTM?
A: Major exchanges like Crypto.com list QTM. Use decentralized wallets for storage.
Keyword Integration:
- Qtum price
- QTM token
- Proof-of-Stake
- Smart contracts
- UTXO model
- Blockchain governance
- Decentralized applications
- Energy-efficient crypto
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