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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

Market stats

Market cap

$369.0M

Volume (24h)

$43.6M

Circulating supply

104.8M QTUM

All time high

$106.88

Market performance

Price change (1h)

-0.18%

Price change (1d)

-1.95%

Price change (1w)

+2.29%

Price change (2w)

-13.03%

Price change (1m)

-26.63%

Price change (1y)

+34.7%

News about Qtum

Unchained • May 09, 24

Optimism to Add Custom Gas Tokens and Plasma Mode for Layer 2 Builders on the Superchain

Ethereum scaling solution Optimism aims to create the ideal environment for layer 3 blockchains to build on its network of networks, otherwise known as the Superchain. In a blog post on Wednesday, the Optimism team said layer 3 developers could also leverage its OP Stack codebase and contribute a...

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The Block • May 09, 24

Only one spot bitcoin ETF recorded inflows yesterday

Spot bitcoin exchange-traded funds listed in the United States saw net inflows yesterday off GBTC experiencing no net inflows or outflows.

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The Block • May 09, 24

SBI Holdings and Chiliz to set up joint venture in Japan for sports fan tokens

The joint venture seeks to provide token-based experience and rewards for Japanese fans, including game-day activations and voting rights.

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News Article Image

The Block • May 09, 24

Canaan launches new A1566 bitcoin mining machine

Canaan launched its newest bitcoin mining machine, the A1566 of its Avalon A15 series, that features an energy efficiency ratio of 18.5J/T.

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BeInCrypto • May 09, 24

Why Is the Crypto Market Up Today?

The total crypto market cap is noting a bounce back from key support as is Bitcoin's price, with Akash Network price noting the most gains today.The post Why Is the Crypto Market Up Today? appeared first on BeInCrypto.

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Unchained • May 09, 24

US House Votes to Overturn Controversial SEC Guidance for Crypto Custodians

The U.S. House of Representatives voted to pass a measure that would overturn the U.S. Securities and Exchange Commission’s (SEC) controversial Staff Accounting Bulletin (SAB) 121, which would require crypto custodians to hold customer’s crypto assets as liabilities on their own balance sheets. T...

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Qtum is on the rise this week.

The price of Qtum has decreased by 0.18% in the last hour and decreased by 1.95% in the past 24 hours. Qtum’s price has also risen by 2.29% in the past week. The current price is $3.52 per QTUM with a 24-hour trading volume of $43.57M. Currently, Qtum is valued at 96.70% below its all time high of $106.88. 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 USD 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 $369.00M. 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 $106.88. 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 $43.57M.

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.