Mar 21, 2018 - 10:39:10 AM UTC
Value and price movement of QTUM is different in USD and BTC markets.
Price has moved 4.27% (USD) or -3.33% (BTC) in the last 24h.
Market Cap Rank: 18. of 1000+
Qtum trading volume was 454,396,000 USD in the last 24h with circulating supply of 73,964,520 QTUM.
Qtum (QTUM) Price graph
Qtum (QTUM) price in fiat
About Qtum (QTUM)
Qtum (Quantum) is an open source, decentralized project that aims to capitalize on the success of Bitcoin, while competing for the Decentralized Application (DAPP) and Smart Contract market.
Qtum aims to become the first platform with Smart Contracts that execute as part of an Unspent Transaction Output (UTXO).
Qtum Foundation – have gained a prominent group of Angel investors and signed up a top four accountancy firm for project governance and risk control. The founder of Kuaidi, a major Chinese car-hailing service that merged with DiDi, and a big global bitcoin holder are amongst the backers.
The Qtum Foundation is a Singapore based entity that promotes adoption of the Qtum Blockchain. Project inception began in March 2016 as a proof-of-concept led by Patrick Dai who was a PhD candidate in Computer Science which previously worked at Alibaba. He began his research and development of blockchain technology in 2013.
Combining a modified Bitcoin Core infrastructure with an intercompatible version of the Ethereum Virtual Machine (EVM), Qtum merges the reliability of Bitcoin’s unfailing blockchain with the endless possibilities provided by smart contracts.
It is a cryptocurrency that is designed with stability, modularity and interoperability in mind, Qtum is the foremost toolkit for building trusted decentralized applications, suited for real-world, business oriented use cases. Its hybrid nature, in combination with a first-of-its-kind PoS consensus protocol.
By marrying bitcoin’s transaction model with a similar consensus system to the one in development at ethereum, Singapore-based Qtum is seeking to appeal to distributed application developers who may be experiencing difficulties with one or both systems.
As explained by Qtum’s founders, the open-source technology borrows key elements from each project, and is thus more of a union of both networks, even though it would have its own blockchain and investable token.
Technically, Qtum is a fork of Bitcoin Core version 0.13, running with the ethereum virtual machine – the element that executes that platform’s smart contracts.