Qtum
Current price
$0.8830
−5.46%24h
LiveUpdated 16s ago
TodayQtum drops 5.5%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.23%
- 24 hours−5.46%
- 7 days−5.96%
- 30 days−1.12%
- 1 year−55.44%
Qtum's move in context
Lagging the market today
−5.46% today against −3.28% for the market as a whole, a gap of 2.2 points. Small gaps like this are common, so they don't point to anything specific.
Part of a slide
−6.0% over 7 days and −1.1% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Qtum
Overview
Qtum is a hybrid cryptocurrency that marries the best features of Bitcoin and Ethereum, aiming to provide an effective platform for the development and deployment of decentralized applications (dApps). Its core mission is to combine the security and robustness of Bitcoin's UTXO model with Ethereum’s smart contract functionality, thereby enabling enterprises and developers to create blockchain solutions that are both adaptable and secure. Qtum differentiates itself through its innovative approach to blockchain governance, which allows for protocol adjustments via on-chain voting mechanisms, ushering in a new era of decentralized governance.
Technical Features
At its technical core, Qtum employs a unique consensus mechanism known as Proof-of-Stake (PoS), which not only enhances transaction speed but also significantly reduces energy consumption compared to traditional Proof-of-Work (PoW) systems. The platform utilizes the account abstraction layer (AAL), allowing for the seamless integration of smart contracts with the UTXO transaction model. This feature enables developers to write smart contracts in various programming languages, making it accessible for a broader audience. Qtum’s architecture is designed for high scalability; it can process thousands of transactions per second, and its hybrid model provides enhanced security by incorporating various cryptographic methodologies. Additionally, Qtum’s Decentralized Governance Protocol (DGP) empowers stakeholders to have a say in network updates and protocol adjustments.
Use Cases
Qtum serves a myriad of applications, particularly in areas such as decentralized finance (DeFi), where it enables secure and efficient financial transactions without the need for intermediaries. Its unique smart contract capabilities allow developers to create various applications ranging from decentralized exchanges to lending platforms. Qtum also plays a significant role in governance, with its voting mechanisms facilitating community involvement in decision-making processes. Other prominent use cases encompass cross-border payments, where its low transaction fees provide an efficient solution, and the burgeoning field of Non-Fungible Tokens (NFTs), tapping into unique digital ownership and collectibles.
Development Background
Qtum was founded in 2016 by a team of notable blockchain enthusiasts, including Patrick Dai, a former employee of Alibaba, who serves as its co-founder. The project gained significant backing from various investors and institutions, notably with a successful ICO that raised millions to propel its development. Since its inception, Qtum has achieved notable milestones, including the launch of its mainnet in 2017 and various partnerships aimed at bolstering its ecosystem, paving the way for its integration in traditional business applications and services.
Community and Ecosystem
The Qtum ecosystem is supported by a vibrant community of developers, users, and stakeholders dedicated to fostering platform growth. It boasts several partnerships with enterprises and blockchain projects, enhancing its credibility and outreach. The ecosystem features a range of applications built on its platform, including those focused on supply chain management, payment gateways, and identity verification. Active engagement through forums, social media, and frequent community events spurs development and innovation within the Qtum space.
Future Potential
Looking ahead, Qtum's future potential seems promising, particularly as it continues to leverage its robust technology and diverse use cases. The platform’s roadmap highlights ongoing developments aimed at enhancing scalability and functionality, including improved smart contract capabilities and integrations with emerging technologies such as IoT and AI. As blockchain adoption accelerates across various sectors, Qtum's versatility and strong foundation position it well to make a significant impact in the cryptocurrency landscape in the years to come.
Qtum market
- Position by market cap among the coins we track.
- #170
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $93.71M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.8700High $0.9450
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $100.22
- Now 1% of itReached 6 Jan 2018 · Needs +11,250% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 106.13M QTUM
- 98% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 107.82M QTUM
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 107.82M QTUM
- The most coins that can ever exist. Some coins have no limit.
Qtum converter
1 Qtum = $0.8830
