Qtum (QTUM) Price

Name: Qtum
Brand: Cryptocurrency
SKU: QTUM
Price: 3.52 USD
Availability: InStock
Rating: 4,6 (6 reviews)

QTUM

Qtum

4,6

★

$3.52

-3.63%

Today's Current Price in US Dollar

Market cap

370,733,406.0

Total volume

20,008,072

Circulating supply

105,142,301

Total supply

107,822,406

Buy / Long

Sell / Short

Qtum stands as a groundbreaking platform that champions the decentralization and open-source ethos, providing a fertile ground for smart contracts and seamless value exchange. At its core, Qtum utilizes a proof-of-stake mechanism, rewarding nodes for their crucial role in transaction validation. This blockchain is steered by the Democratic Governance Protocol (DGP), allowing community members to exercise their voting rights to modify network attributes. Deriving its base from a bitcoin core fork, Qtum has managed to sculpt a unique blockchain infrastructure by integrating several pivotal tools. The decision to adopt bitcoin’s infrastructure was driven by its simplicity and robustness, facilitating an easier enhancement process by the foundation.

The Qtum initiative emerges as a blend of the technological prowess of Bitcoin and Ethereum, with its team drawing expertise from both domains. Additionally, the team boasts veterans from prestigious firms like Tencent, Alibaba, and Nasdaq. The project garners support from high-profile venture capitalists and luminary figures in the Blockchain realm, including project co-founder Patrick Dai, Chief Blockchain Architect and Co-founder Neil Mahi, and Lead Developer and Co-founder Jordan Earls.

Qtum heralds a comprehensive blockchain architecture capable of running smart contracts and decentralized applications, paralleling Ethereum’s functionality.

Adopting Bitcoin’s Unspent Transaction Output (UTOX) model, and fortified by the proof-of-stake algorithm, Qtum enjoys the endorsement of blockchain heavyweights such as Anthony Di Iorio, Xu Star, Bo Shen, David Lee, Jehan Chu, and Roger Ver.

Within a mere 90 minutes of its token sale, Qtum witnessed an overwhelming response, amassing over 10 million dollars. The fundraising campaign concluded prematurely, just 5 days in, with a remarkable tally of $15.7 million. The initiative successfully exchanged 11,156.766 bitcoins (BTC) and 77,081.031 ether (ETH) for the circulation of 51 million Qtum tokens to the public. According to Qtum’s whitepaper, the crowd sale disbursed 51% of the tokens directly to the community. The residual 49% was earmarked, with 29% dedicated to community incentives, and the balance 20% allocated to the project’s pioneers and the development cadre.