Review of the Quantum cryptocurrency (Qtum) and forecast for 2018-2023


To ensure the stability of a cryptocurrency portfolio, it is important to maintain diversification, including promising digital assets with great prospects. The Quantum cryptocurrency (Qtum), which, according to CoinMarketCap, is among the TOP 20 assets with the largest market capitalization, claims to be one of them.

Qtum is not just another ERC20 token or cryptocurrency without a specific business model, so it is quite attractive in the eyes of investors. The Quantum project is an independent blockchain platform designed specifically for business representatives who have the opportunity to conduct e-commerce using decentralized applications - DApps. In fact, the project combined the best features of the main blockchain projects. For example, the developers borrowed the UTXO core from the BTC blockchain, smart contracts from ETH, and new blocks are generated using the environmentally friendly Proof-of-Stake (PoS) algorithm, and not Proof-of-Work, which caused the energy crisis. sectors in many countries.

You can already buy the Quantum cryptocurrency on all popular exchanges, where it is traded under the ticker Qtum. By the summer of 2022, its capitalization is $1.2 billion, and its value is $13.5. At the peak of its popularity in January 2022, the capitalization exceeded $2 billion, and the value reached 103.45 USD. Considering such indicators, experts predict a great future for cryptocurrency, but before investing, it is worth studying the idea of ​​the project, getting to know its team, considering where it is better to buy Quantum, where to store it, and what are the exact forecasts for Qtum for 2022, 2022, 2022. 2022, 2022 and 2023.

How does the project differ from its competitors?

Blockchain technology is changing the world right before our eyes, opening up new opportunities for humanity in a variety of areas. It is of greatest interest to business representatives who have the opportunity to reduce their operating costs, increase the level of trust management, etc.

But to achieve these goals, an ecosystem is needed that promotes the development of e-commerce without being hampered by its limitations and allowing it to scale. Therefore, Bitcoin or Ethereum are not suitable, since their technical limitations do not allow speeding up transactions and force participants into certain limits. To remedy the situation, the creators of the Qtum cryptocurrency have developed a universal blockchain platform.

Its signature differences are worth listing, which will help to understand why the cryptocurrency is of such interest to investors and has already accumulated billions of dollars in funds for its development.

Master contract

Quantum developers have improved smart contracts, which were originally created by the efforts of the Ethereum project. The problem with the smart contracts proposed by Buterin was that all data for them should already be contained in the ETH blockchain. This greatly limits business development, where sometimes you need to add variables to successfully close a deal. For example, the terms of the contract are influenced by various factors related to logistics, delivery conditions, guarantees, deadlines, etc. Taking them into account in advance and entering them into the blockchain is extremely problematic, and under the terms of smart contracts, the details must be clearly defined in advance.

Quantum suggests using a master contract for the same purposes, and the following diagram will help you get acquainted with the principle:

Universal approach to platform operation

Usually the cryptocurrency network is independent and cannot be connected to other platforms, but in Qtum the situation is different. Its creators initially planned to develop a universal version, as a result of which their network supports work with both the Bitcoin blockchain and the ETH network.

In doing so, Quantum offers companies a product that can be used legally. The problem with many decentralized platforms and the assets operating on their basis is that they do not allow regulators to show transparent asset flow patterns, and this complicates work and reporting. The creators of Qtum solved the problem by integrating a variety of “white tools”. Among them, for example, the Identity Module stands out, which identifies each participant within local interactions.

This way, companies forced to account for every step they take can link all their activities on the Quantum network to each specific customer and partner, promoting absolute transparency. The project motivates them to do this by offering additional bonuses, and the corporations themselves, thanks to this scheme of work, are able to provide services and fulfill the requirements of each counterparty with increased requests for verification of personal data.

Targeting mobile gadgets

The project has created a comfortable ecosystem for mobile devices. Using the platforms of Qtum's popular competitors on smartphones and tablets is not very convenient, but the project offered lightweight and reliable versions of wallets that allow you to quickly make transactions and perform other actions via the cloud.

These advantages allow the Quantum blockchain to help different types of businesses develop. Therefore, the scope of cryptocurrency is very broad, which makes it so attractive in the eyes of investors. In the description of the project, the developers themselves note that the Qtum network solves the problems of financial institutions, gamers, social media, etc.

What kind of currency is this?

Qtum is a cryptocurrency that goes far beyond a regular coin with its “buy and sell” potential. We are talking about an effective tool with the widest possible range of applications. The platform operates in a standard and modular mode, creating contracts and applications that operate on most existing chains. The electronic currency Qtum is a real competitor to the leaders of the cryptocurrency rating. Its position is strengthening literally before our eyes; moreover, it was able to demonstrate good dynamics even in the conditions of market panic in the first months of 2022.

Year of foundation:2017
Authors:Patrick Day
Capitalization:1,188,688,825 USD
Number of coins:88,500,080 (out of 100,500,080)
Mining:not provided

One of the basic parameters of the Qtum platform is the decentralization of application storage

. They are distributed in small blocks on the chain, eliminating the traditional vulnerability associated with using one or more servers. The latest example of shortcomings is the recent outage of the Telegram network. In turn, the Qtum cryptocurrency and the platform behind it exclude such force majeure. Most experts already assess the project positively, although the implementation of the ideas is still far from complete.

Network settings

The Qtum network is open source, which means open source. That is, companies can order application development for it from third-party developers, creating highly specialized applications for their needs. Other technical features include:

  • using the PoS algorithm, in which mining occurs by holding coins in wallets;
  • implementation of the UTXO core from the Bitcoin network eliminates unspent transactions;
  • A virtual machine (EVM) was borrowed from the ETH network, through which master-contracts function - an improved version of traditional smart-contracts.

In addition, the approach used by the creators of the Quantum cryptocurrency allows individual DApps - decentralized applications - from different blockchains to interact with each other through a specially created software bridge.

Description of the differences between Qtum and Bitcoin

While Bitcoin is content with its leadership, providing limited functionality, the creators of Quantum are working on a platform aimed at developing and launching decentralized applications and smart contracts.

In the UTXO model, transactions are used as input of unspent coins, which are subsequently destroyed, and new UTXO are created as output. The UTXO model has a parallel processing function with the ability to initiate transactions between multiple addresses. In addition, it maintains a higher level of privacy for these users and offers the ability to change the address that serves as an exit in the transaction.

Quantum Project Team

The project is managed by the Qtum Blockchain Foundation. The headquarters is located in Singapore, where it brings together the best coders and software product promotion professionals with extensive experience in such giant corporations as the Asian Alibaba, the American NASDAQ, the Chinese Baidu, etc.

The team of coders is led by a well-known personality in the field of blockchain technologies, who in 2022 was featured on the main page of Forbes magazine. We are talking about Patrick Dai, who joined the list of young and successful businessmen who achieved impressive incomes before reaching 30 years of age.

If we compare the management of Qtum with how it happens in similar projects, then the fact that in this case the fund is a commercial organization immediately catches the eye. Its form of work assumes that the Qtum Blockchain Foundation hires the required specialists on its own, organizes the work of departments and coordinates the relationships between them, eliminating the services of third-party contractors from the chain.

The company has already established the impeccable work of the main departments for creating DApps, resource management, debugging program code, marketing, increasing interest from large investors, establishing partnerships with corporations, etc.

All decisions on the development of the project are made at a meeting of the special council of the Qtum Blockchain Foundation, which includes heads of departments, major investors and the executive director. All fund officials are re-elected every 2 years.

The functioning diagram of the Qtum Blockchain Foundation is presented below:

To understand the seriousness of the project, it doesn’t hurt to name a few people who provided funding for QTUM:

  • Anthony Di Iorio – co-founder of the Ethereum network, one of the 5 founding fathers of the ETH project;
  • Xiaolai Li – co-founder of BitFund;
  • Star Xu – head of OKCoin;
  • Roger Ver is the owner of Memory Dealers, who made his fortune through early investing in BTC.

With the funds of these 4 people, the Quantum project was created, which, from the moment it appeared, received a powerful start to the development and implementation of the ideas set before it.

Technologies used

Kutum is an open source blockchain system with PoS protocol. The new technology was based on a Bitcoin core tool called UTXO - output of unspent transactions. Thanks to the ability to add layers of abstraction, it became possible to use the Ethereum Virtual Machine (EVM) and the PoS system. This made it possible to develop smart contracts into master contracts.

The new environment allows decentralized applications to interact with familiar blockchains. Several “account abstraction layers” are used as a bridge for interaction.

Conducting an ICO

At the start of the project, its creators issued 100 million coins of the Quantum cryptocurrency and distributed them as follows:

  • 51 million were sold during the initial coin offering in March 2017;
  • 20 million was set aside for the team of creators to motivate their work on the further development of the project;
  • 29 million is reserved to control the exchange rate in order to keep volatility within acceptable limits and ensure financing for future work.

Since the Qtum cryptocurrency was supported by well-known people at the initial stage, it is not surprising that the ICO was successful, and the developers easily raised the necessary capital. At the time of the initial offer, the cost of 1 Qtum was 0.15 USD, and by the end of the year the price rose above 100 USD.

It is not difficult to calculate the investment attractiveness - by investing 100 USD in Qtum coins during the ICO, it was possible to increase the investment by the end of 2022 to 66.6 thousand USD.

Who is already working on the Quantum blockchain?

Since the value of the Quantum cryptocurrency (Qtum) is highly dependent on whether third-party projects begin to use the ecosystem it offers, it is necessary to get to know the platform partners who have already started exploiting it, starting to exploit the capabilities of the universal network.

The first partner was the company Agrello from Estonia, which appreciated the advantages of Qtum at the ICO stage. In mid-spring 2017, development began on the Lifecycle Management smart contract based on the Quantum network, which appeared on the market in early autumn of the same year.

In December 2022, many business structures openly announced that they had begun work on developing their applications for the Qtum ecosystem. For example, the investment company Zerion entered into a partnership agreement to connect the smart contracts it created based on the Quantum blockchain, and the ObEN organization began to use Quantum’s capabilities for computing operations aimed at developing software products with artificial intelligence.

Since January 10, 2018, a partnership has been established with Luna, a decentralized network for dating (online dating). The STARS utility was developed specifically for its needs, allowing you to transfer data and carry out anonymous transactions in cryptocurrency.

The partnership with IDHub should also be noted. This startup aims to develop and implement a special ecosystem where participants can trust each other, acting legally through the use of special digital identifiers.

Cryptocurrency rate

By the summer of 2022, the rate of the Qtum cryptocurrency against the dollar rolled back to 13.5, although at the beginning of 2022 it was slightly above 100 USD. That is, in rubles, the rate of the Quantum cryptocurrency is 800-900 rubles, and in winter at its peak it was above 6,000 rubles for 1 Qtum.

The weighted average rate of Qtum to the dollar and bitcoin can always be viewed by an investor on the CoinMaketCap website:

Traders will be more suitable for the Qtum online chart with TradingView, which has the necessary tools for technical analysis:

Speed

The confirmation time is relatively long and sometimes exceeds several hours. Currently, due to the increasing number of transactions per second, not all transfers go directly to the block. It depends on the transaction fee - the higher the fee, the faster. The network speed is 60 transactions per second. However, thanks to the virtual machine, in the future the network will process transactions faster and execute them in parallel. The entire prize goes to the miners. As a result, node maintenance is quite expensive. Bitcoin is based on mining only. The prize is generated based on the number of tokens in the wallet. The transaction fee is around 0.004 Qtum.

Project achievements

Since more than a year has passed since the completion of the Qtum ICO, it is natural to wonder what its creators have achieved? Do they really spend the funds raised on development and achievement of the stages specified in the roadmap?

The first stage, for which company representatives reported, fell in September 2022. As stated in the documentation on the official Quantum website, programmers implemented the following:

  1. We added a virtual machine from the Ethereum network, which now allows us to work with smart contracts developed for the ETH platform based on Solidity, a special programming language created for these purposes.
  2. The Smart Staking protocol was introduced into the Qtum blockchain, which allows the PoS algorithm to be used for smart contracts from Ethereum.
  3. We launched the GUI interface, which is necessary for the comfortable creation of smart contracts and allows you to carry out transactions within the Qtum network.
  4. To change the network without resorting to a hard fork, we added the Decentralized Governance protocol.

But the developers’ assurances still raised doubts among fierce skeptics, since the Quantum platform at that time had not yet been launched, and as you know, the launch is often accompanied by failures and the identification of critical errors.

However, within a month, all questions regarding the network’s performance were resolved, since Qtum ceased to be a token within the Ethereum network, where it operated on the ERC 20 protocol. The project launched its own network and, admittedly, the launch went smoothly. Yes, there were some errors, but debugging them did not take much time, and they themselves were not critical.

All this aroused enthusiasm among investors, who began to increase investments in the Qtum cryptocurrency, which pushed its price to rapid growth. In addition, the driver of the price increase was the partnership with the large company Wireline, which decided to conduct business using the Quantum blockchain platform, identifying it as the most convenient.

By the end of November, the Qtum Blockchain Foundation had a roadmap that announced the future path of development of the project:

  • launching a virtual machine for x86-based installation files;
  • release of Quantum wallet for various operating systems on personal computers and mobile gadgets;
  • creation of ready-made templates for e-commerce;
  • launching the message sending service;
  • opening a store where DApps are sold and their development is ordered;
  • organizing the work of the API gateway and SDR;
  • launching into orbit the Space chaine, a satellite that operates in an open source satellite network designed to make space exploration accessible to ordinary people.

On the Quantum project website, the project roadmap is presented in the following schematic way:

Mining Qtum

Qtum cryptocurrency mining is based on the Proof-of-stake algorithm. The latter involves choosing users to confirm transactions based on the balance of the latter. The more digital assets of the project are stored in the account, the higher the chance of finding a block and earning money.

Earlier, one of the project developers, Jackson Below, spoke in detail about the process of mining the QTUM cryptocurrency in his guide for beginners. The main provisions regarding asset production include the following:

  • Mining can be started with 1 QTUM. However, the less funds in the user’s account, the lower the likelihood of effectively making money from cryptocurrency mining using the PoS principle.
  • Each wallet in Qtum Core in the cryptocurrency system is a decentralized node.
  • There are no masternodes on the Qtum network.
  • To participate in Qtum PoS mining, a user can simultaneously use the project’s cryptocurrency stored in different wallets.

In January 2022, representatives of the startup announced the preparation of a project to launch a system of space satellites for organizing PoS mining. It was decided to implement the plan in partnership with the Singaporean company SpaceChain Foundation.

Check out @Via_Satellite discuss the #Qtum satellite initiative:

“With the satellite launch, Qtum hopes to lower the cost of industrial usage, which would set the stage for mass adaptation of its blockchain.” https://t.co/lkHBIQLqIa#Bitcoin #Blockchain #Fintech #Cryptocurrency
— QtumOfficial (@ QtumOfficial) February 12, 2018

In November of the same year, the Qtum Foundation team announced the deployment of a project node in space . The work was carried out jointly with the SpaceChain Foundation. “Node” allows you to carry out multi-signature transactions and run smart contracts on the network.

@SpaceChain has launched another blockchain node into space! This is the first fully functioning space-based #Qtum blockchain node that can perform multi-signature transactions & run smart contracts in space. Watch it orbit the earth in real time! https://t.co/FgBWiFOBy1

— SpaceChain Foundation (@SpaceChain) November 9, 2018

Node movements can be monitored in real time.

Project partners

To assess the growth prospects for the Quantum cryptocurrency (Qtum), it is useful to look at who is already collaborating with the project, agreeing with the convenience of the ecosystem it has created for business.

In this regard, first we should mention the Estonian company Agrello, which invested in the project at the ICO stage and immediately began developing a smart contract called Lifecycle Management, launched in the fall of 2022.

In winter 2022, representatives of many companies spoke about partnership with Qtum, praising the virtues of the created ecosystem. For example, ObEN used the platform to conduct calculations and create software capable of introducing artificial intelligence into various areas of human activity. A large investment fund Zerion has developed a series of smart contracts for its purposes, which were launched in the Quantum blockchain

At the beginning of 2022, it became known that Luna, a blockchain network for online dating, had entered into a partnership with the project. To implement the tasks it poses, we created a special software utility STARS, which ensures anonymity when transferring data and making payments in Qtum coins.

One cannot fail to mention the work with ID Hub - this is an extremely ambitious startup that is developing a user identification system that simplifies the work of many commercial structures when transferring them to the blockchain platform.

What has been done since the end of the ICO

Studying its actions after the ICO will help evaluate the work of the Qtum team. What were the developers able to achieve, and what promises were realized?

The first goals set by the developers were achieved in early autumn 2022, according to the plan announced in the White Paper. The team prepared and launched an update to the main network, which brought the following important innovations:

  1. The developers implemented the Ethereum EVM, a virtual machine with which Qtum was able to interact with smart-contracts created on the ETH network using the special Solidity programming language.
  2. The operation of the Qtum network was supplemented by Smart Staking, a special protocol that ensures the operation of the PoS algorithm for the smart contracts used from the ETH blockchain.
  3. The GUI interface involved in the development of smart-contracts and the transfer of information or transactions of Qtum coins has been launched.
  4. To change the platform settings, the Decentralized Governance protocol was introduced to avoid forks to achieve the same goals.

In mid-October, the network proved its worth by launching the ability to directly exchange tokens from ERC-20 wallets to the Qtum platform cryptocurrency. And although at the start there were some minor annoying errors, the debugging process took only a few days, and on October 18, 2017, against the backdrop of these events, it became known that the strategic partner of the Qtum project was Wireline, which plans to launch its exchange services on its basis.

At the end of autumn, the Quantum Foundation published a Road Map, presenting the following upcoming events:

  • implementation of a virtual machine for x86 distributions;
  • the emergence of Quantum cryptocurrency storage wallets for PCs and smartphones;
  • preparation of ready-made business cases;
  • launch of an instant messaging service;
  • organizing a store selling dApps – decentralized applications;
  • SDR and API tool support;
  • launch of the Space chain satellite.

This is what the Road Map looks like schematically.

Where to buy cryptocurrency

Since Quantum is in the TOP 20 most popular cryptocurrencies, buy it on all major exchanges. If we present a list of them in descending order of trading volume, we get the following:

  • LBank – here you can not only buy Qtum for BTC or ETH, but you are also allowed to trade many other cryptocurrencies in relation to the Quantum cryptocurrency;
  • OKEx supports tether and bitcoin pairing;
  • Allcoin – pairs to Bitcoin and CKUSD;
  • ALL – similarly;
  • Binance – here Qtum can be bought for BTC, ETH, USDT and Binance BNB token;
  • Huobi – pairs with BTC, ETH, USDT;
  • Bittrex – only for Bitcoin;
  • KuCoin is only Bitcoin, although previously there was also NEO;
  • Bitfinex – pairs with BTC, ETH and USD;
  • HitBTC – pairs with ETH and BTC;
  • Livecoin – pairs with ETH, BTC and USD.

As you can see, it is generally convenient to buy Quantum with one of the other cryptocurrencies. For ordinary money, in particular, for dollars, the coin is sold only on Bitfinex and Livecoin, but the first of these exchanges closed the possibility of registering an account for novice traders, setting a very high minimum deposit threshold. Therefore, Livecoin remains the only convenient opportunity to buy Qtum for dollars or rubles, which, by the way, can be conveniently deposited here through AdvCash, Qiwi, Yandex Money, etc.

Only the EXMO crypto exchange has a similar range of convenient payment systems for investors from Russia and the CIS countries.

Factors that may interfere with qtum growth

Like any blockchain project that offers to use its technology, cutum has disadvantages. At first glance, they are insignificant, but in certain circumstances each can become an obstacle to the progress and development of the project.

The disadvantages of the coin include:

  1. Relative youth. 1.5 years after its launch, the project is still in its early stages of development and does not have widespread public support.
  2. No mining. The fact that the Quantum token cannot be mined significantly limits the number of users.
  3. The technical innovations of the coin have not yet fully revealed the advantages of practical use.

Where to store purchased coins

Having discarded the option of storing purchased Qtum coins on a cryptocurrency exchange, it is worth considering where to get and how to use a more reliable wallet. To do this, you need to go to the official website of the project in the section with wallets, located at the following address: https://qtumeco.io/wallet.

Each visitor here will be able to choose the option that suits them. The easiest way is to open a wallet on the Web, which will allow you to use it without being tied to hardware. You can also use a “light” wallet for mobile devices that connects to cloud storage and does not download the entire blockchain, but still the safest way is to install the hard version of Qtum wallet for basic savings.

TOP 3 Wallets for Qtum

Like many others, the QTUM cryptocurrency is supported by a large number of crypto wallets. However, it would be useful to give examples of storages where QTUM can be stored. The project team placed special emphasis on providing users with the necessary functionality to work with cryptocurrency. On the official website of the startup you can download a wallet for popular operating systems. Alternative options include the following:

DescriptionWallet
Organization of cold storage of cryptocurrencyLedger Nano S
Simultaneous work with a large number of cryptocurrenciesAToken
Regular interaction with cryptocurrency via mobile phoneTrust Wallet

Wallets that support working with the project token:


Data: Qtum official website

Mining new coins

Many people are interested in how to mine Quantum on video cards or a processor. Therefore, it is worth clarifying right away that such mining does not work in the case of Qtum, since the network does not support the PoW protocol, like Bitcoin or Ethereum, but works on the PoS algorithm.

That is, here, in order to mine new blocks, you just need to buy coins and store them in your wallet. The size of the amount and its storage period directly affect the number of new coins received. Well, the principle of operation is simple - the more, the better. Each purchased coin that ends up in the wallet begins to participate in the mining of new blocks after it has been in it for 20 hours.

Decentralized applications (dApps)

Traditionally, after creating a new application, its database is hosted on a server. It does not matter whether it is hosted on one or several servers. In any case, it is at risk of a hacker attack. Cyber ​​fraudsters can change information stored on the server, but it is impossible to verify what exactly was changed.

Qtum provides the ability to develop decentralized applications. Using blockchain technology prevents any possibility of changing the stored data.

Cryptocurrency rate forecasts for 2018-2023

Based on current market dynamics, the Qtum cryptocurrency rate should recover and consolidate above 100 USD by the end of 2022. Experts call such a forecast for the current year a minimum plan, since the prospects for the coin are very good, and its current relatively low value is due only to the general stagnation of the market.

Even with the most pessimistic forecast, which assumes that the situation will not change, market capitalization will not grow, and institutional capital will not be allowed into the cryptocurrency, the prospects for the Qtum cryptocurrency remain very good. Skeptics have calculated the following indicators for such a scenario by the end of each of the next five years:

  • by 2022 – 36.8 USD;
  • by 2022 – 45.3 USD;
  • by 2022 – 50.5 USD;
  • by 2022 – 57.5 USD;
  • by 2022 – 64.5 USD;
  • by June 2023 – 67.76 USD.

With this forecast, if you invest in the Quantum cryptocurrency now, you can earn at least 350% in five years. This is relatively little for crypto, but for classical investing it is an impressive result!

In addition, do not forget that the forecast is pessimistic, and it is simply impossible to believe that the market will not recover. Governments of individual countries are actively working to create a legal framework for the honest operation of investment companies, and more and more decentralized exchanges are appearing around the world, where you can safely work without fear of regulators. Combined with the fact that Quantum offers a real product that people need, there is no doubt that it will give its investors many more X's!

What was the forecast based on?

  1. Analysis of the strengths and weaknesses of the Quantum cryptocurrency.
  2. Project development plans, road map.
  3. Forecast from Krahdollara.ru.
  4. Forecast from Cryptoalien.

Quantum (Qtum, quantum) is a token of the modernized Bitcoin Core infrastructure with a reliable blockchain and enormous opportunities provided by advanced smart contract technology. It is not just another ERC20 coin or cryptocurrency without a specific business model, which means it is quite attractive to investors. If you're looking for a way to diversify your investment portfolio, take a closer look at Quantum - it could be a worthy candidate.

Official website of the project - https://qtum.org/ru


Qtum logo

Advantages

Qtum is an advanced network for creating decentralized applications.

Platform advantages:

  1. Using smart contracts . Allows you to exchange assets taking into account the requirements of participants, create new projects based on Qtum.
  2. Compatibility . The platform interacts with Bitcoin and Ethereum, but active work is underway to expand Qtum compatibility.
  3. Mobility . A protocol of simple checks with UTXO technology allowed the use of smart contracts on mobile devices.

In the fall of 2022, the developers announced the implementation of the scalable SCAR protocol, but the exact timing of integration is still unknown.

The SCAR protocol is designed to increase transaction speed. The mechanism solves the problem of increasing the number of nodes. The speed of SCAR depends on the number of payments. With a large volume of transactions, the block creation time is reduced, maintaining the speed of payments.

Operating principle

Qtum technology combines the Ethereum consensus model and the Bitcoin transaction system. The developers used the UTXO model. To spend assets, participants must prove ownership.

Like Ethereum, Quantum used a virtual machine for smart contracts. The mechanism allows you to combine smart contracts with the PoS mechanism. Thanks to a combination of PoS and PoW algorithms, the Quantum network is compatible with mobile phones and the Internet of Things.

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