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Qtum Price

(QTUM)

$0.716
0.00%(5m)

1m5m15m1h8h1d1W
Qtum (QTUM) Live Price Chart

    Qtum Live Price Data

    The live price of Qtum is 0.716, with a total trading volume of -- in the last 24 hours. The price of Qtum changed by +1.56% in the past day, and its value has increased by +4.22% over the last week. With a circulating supply of 106,068,820 QTUM, the market cap of Qtum is currently 0 , marking a +1.56% increase today. Qtum currently ranks #190 in market cap.

    How do you feel about QTUM today?

    Note: This data is for reference only.
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    QTUM(QTUM) Profile

    altRank190
    rateBB
    Expand
    $0.693
    $0.742

    ATH
    $106.87599945
    Price Change (1h)
    -1.64%
    Price Change (24h)
    +1.56%
    Price Change (7d)
    +4.22%
    Market Cap
    24h Volume
    Circulating Supply
    106,068,820
    Max Supply
    107,822,406

    About Qtum

    • What Is Qtum (QTUM) Crypto?

      Qtum is a decentralized, open-source, public, high-speed, green, scalable blockchain network that utilizes a Proof-of-Stake (PoS) consensus mechanism to secure its infrastructure. It leverages UTXO security and supports Ethereum-based dApps through the Ethereum Virtual Machine (EVM) compatibility feature.

      The Qtum blockchain operates with a decentralized governance protocol (DGP) to enable complete democratizing decision-making, leveraging smart contracts’ power. This key feature allows users to change the network’s block size without implementing a blockchain hard fork.

      Qtum operates on censorship-resistance principles and offers a trustless and permissionless infrastructure for deploying dApps. Its use of PoS consensus makes the blockchain environment-friendly to work. It provides a low barrier of entry for validators to join and contribute towards securing the network and validating transactions.

      QTUM is the native token of the Qtum blockchain and is used to pay gas fees when executing smart contracts, interacting with dApps, or performing transactions. It is also used for staking to contribute to the PoS consensus mechanism, validate transactions, and produce new blocks and is distributed as a reward to validator nodes.

    • How Does Qtum Work?

      Qtum takes forward the concept of the UTXO transaction model used by the Bitcoin network, adding programming capabilities and empowering the technology with support for smart contracts. The Qtum blockchain achieves this by using an account abstraction layer (AAL).

      AAL integrates Bitcoin’s UTXO model with smart contract functionality while potentially solving the problem of incompatibility between multiple blockchain ecosystems. Qtum also achieves EVM compatibility by developing the Qtum x86 virtual machine, allowing developers to deploy Ethereum-based dApps on its ecosystem.

      Qtum is also the first blockchain in the industry to leverage the Decentralised Governance Protocol (DGP) system for on-chain governance on top of its PoS consensus algorithm. These features allow Qtum to combine the best of Bitcoin and Ethereum blockchains while solving inherent drawbacks plaguing this technology.

      As of March 2023, the Qtum network has more than 420 global nodes and over 2.8 million unique addresses and offers a block reward of 0.5 QTUM to validators. It also provides an annual staking ROI of around 8%, and the QTUM token has an annual inflation rate of 0.47%.

    • History of Qtum Blockchain

      Former Alibaba product manager Patrick Dai founded Qtum in 2016, along with Neil Mahi and Jordan Earls. The blockchain launched via an ICO (initial coin offering) in March 2017, which netted the developers $15.6 million in funding.

      The mainnet launch of the Qtum network took place in September 2017. In 2018, the project launched the Qtum x86 Virtual Machine, letting developers build dApps using C++, Java, and Python programming languages.

      In August 2020, the developers implemented a hard fork that started offline staking capabilities to the Qtum network. Other significant developments through 2020 include protocol privacy Phantom and virtual machine architecture Neutron.

      Qtum underwent a hard fork called FastLane in April 2021, reducing its average block time from 128 seconds to 32 seconds. In November 2021, a soft fork implemented another significant network upgrade, bringing Bitcoin’s Taproot to the Qtum blockchain.

    FAQ

    • How much is 1 Qtum (QTUM) worth?

    • Is Qtum a Good Investment?

    • What Is the QTUM Coin Price Prediction?

    • What Is QTUM Token Used For?

    • How to Stake QTUM

    • How Many Qtum Coins Are There?

    • What is the all-time high price of Qtum (QTUM)?

    • What is the all-time low price of Qtum (QTUM)?

    • How much Qtum (QTUM) is there in circulation?

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