Qtum (QTUM) Price Overview
The current Qtum price stands at $1.99 USD. Over the past 24 hours, QTUM has seen a trading volume of $10.59 million and a price decrease of 2.51%. The 24-hour high was $2.05, while the low touched $1.98.
With a circulating supply of 89.4 million coins, Qtum's market capitalization is approximately $177.88 million. It currently holds a market rank of #168 among cryptocurrencies.
What Is Qtum (QTUM)?
Qtum (QTUM) is a hybrid blockchain platform designed to merge the stability and security of Bitcoin with the flexible smart contract functionality of Ethereum. Launched in April 2017 by a Singapore-based team led by developer Patrick Dai, Qtum was created from a fork of Bitcoin's blockchain and integrates a modified version of the Ethereum Virtual Machine (EVM).
This unique architecture allows developers to build smart contracts and decentralized applications (dApps) while benefiting from the proven security model of the Bitcoin network. Qtum is also fully compatible with existing Ethereum contracts, making it easier for developers to migrate projects.
A key feature of Qtum is its focus on mobile accessibility. The platform utilizes Bitcoin’s Simplified Payment Verification (SPV) technology, enabling fast and lightweight transaction confirmations without requiring significant computing power. This makes it particularly suitable for mobile applications and use cases in regions with limited technological infrastructure.
The long-term vision of the Qtum project is to become a leading platform for hosting decentralized applications and launching new token projects, positioning itself as a competitor to established smart contract platforms like Ethereum and NEO.
Key Metrics and Tokenomics
- Algorithm: Proof-of-Stake 3.0 (POS 3.0)
- Mineable: Yes
- Coin Type: Currency
- All-Time High: $73.73
- All-Time Low: $0.75
- Circulating Supply: 89,403,348 QTUM
- Release Date: December 19, 2016
Why Qtum Stands Out
Qtum’s hybrid model offers several distinct advantages. By combining the best aspects of Bitcoin and Ethereum, it provides a robust foundation for business-oriented blockchain solutions. Its compatibility with the EVM means a vast pool of Ethereum developers can easily start building on Qtum with minimal learning curve.
The platform’s use of Proof-of-Stake for consensus is more energy-efficient compared to Proof-of-Work networks, addressing growing concerns about the environmental impact of blockchain technology. Furthermore, its mobile-ready design opens up possibilities for a wide range of real-world applications, from supply chain management to decentralized finance (DeFi) services accessible on smartphones.
For those looking to diversify their portfolio with assets that bridge technological paradigms, Qtum presents a compelling case. Its ongoing development and focus on practical usability make it a project worth monitoring in the evolving blockchain landscape. 👉 Explore real-time price charts and market data
Frequently Asked Questions
What is the main purpose of the Qtum cryptocurrency?
Qtum aims to provide a secure and reliable platform for smart contracts and decentralized applications by combining Bitcoin's blockchain stability with Ethereum's virtual machine functionality. It is designed for developers and businesses seeking a robust foundation for their blockchain projects.
How can I purchase Qtum (QTUM)?
QTUM is available for trading on numerous major cryptocurrency exchanges. You typically need to create an account on an exchange, complete any necessary verification processes, deposit funds, and then you can trade for QTUM. Always ensure you are using a reputable platform.
Is Qtum a good investment?
As with any cryptocurrency, investing in Qtum carries inherent risks and its value can be highly volatile. Its potential is tied to the adoption of its platform by developers and businesses. It is crucial to conduct thorough personal research, analyze market trends, and consider your risk tolerance before making any investment decision.
What makes Qtum different from Ethereum?
While both support smart contracts, Qtum is built on a fork of Bitcoin's blockchain, which proponents argue offers greater security. It also uses a Proof-of-Stake consensus mechanism, which is more energy-efficient than Ethereum's former Proof-of-Work model. Qtum also emphasizes mobile compatibility from its core design.
Can Qtum be mined?
Yes, Qtum can be mined. However, it uses a Proof-of-Stake (PoS) consensus mechanism, which is different from the energy-intensive mining (Proof-of-Work) used by Bitcoin. In PoS, new blocks are created and validated by holders who "stake" their coins, rather than by miners solving complex puzzles.
Where can I securely store my QTUM tokens?
QTUM can be stored in a variety of wallets. Options include the official Qtum Core wallet for maximum security, light wallets for everyday use, and several reputable hardware wallets for long-term cold storage. For active traders, keeping funds on a major exchange might be convenient, but for larger amounts, a private wallet where you control the keys is highly recommended. 👉 Get advanced wallet strategies and security tips