Qtum cryptocurrency - exchange rate chart against ruble and dollar

Qtum is a cryptocurrency that has absorbed the best qualities of Bitcoin and Ethereum. The project entered the market at the beginning of 2017 and has already managed to gain a foothold in the list of the 40 best cryptocurrencies by capitalization. Qtum allows you to create decentralized applications and implement projects based on the Ethereum platform into blockchain.

Buy or sell Qtum cryptocurrency

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.

About the Qtum project

Qtum is not a coin, but a platform that was created to combine the best features of the two most famous Bitcoin products with Ethereum technology. In fact, it is electronic money, electronic currency, digital currency, electronic cash, virtual currency, electronic payment system, innovative payment network, peer-to-peer payment system.

Qtum is a very interesting decentralized application project that combines the Bitcoin 0.13 client, the Proof of Stake (PoS) model and the Ethereum Virtual Machine to provide smart contract services. The project received $1 million in funding, with investors including Fenbushi partner Bo Shen, Ethereum co-founder Anthony DiIorio, BitFund founder Xiaolai Li and others.

Qtum's goal is to create a decentralized application platform for value transfer by combining the best features of two of the most famous products.

“Qtum has integrated EVM into a blockchain based on the UTXO model. Writing contracts for this project will be as easy as writing for Ethereum, plus you will also be able to take advantage of the UTXO model,” explains Qtum developer Jordan Earls. “These benefits include mobile/lightweight SPV support, a more resilient model (given that Ethereum has forked several times to address similar issues), and compatibility with existing Bitcoin tools and protocols.”

Qtum is based on master contracts and an incentivized PoS model

The Qtum development team talks in detail about how the platform will enable smart contracts and master contracts that include data from outside the blockchain. The Qtum project explains that master contracts implement much more than regular smart contracts.

“A contract signed by two banks can be terminated with the consent of those two banks,” states the Quantum Foundation. “A master contract gives the contracting parties complete control over the execution or termination of contracts. This is a simulation of problems of real complexity. The master contract is a big step forward, providing new capabilities to blockchain applications and expanding the concept of a smart contract.”

The Qtum developers claim that in their project they have for the first time implemented a smart contract system using the UTXO model, while simultaneously integrating the Proof of Stake mechanism. They call the method of achieving consensus on the network IPOS (Incentivized Proof of Stake).

Online course schedule

The graph displays the current exchange rate of Qtum against the Russian ruble and the US dollar:

At the start, the cryptocurrency was trading at 2 cents, but it was possible to record huge profits. After 2 months there was a sharp jump in the exchange rate. Already in May 2022, the cost of Quantum increased to $5. Until the beginning of December, the cost of the coin fluctuated between 5 and 20 dollars. The cryptocurrency boom that began at the end of the year also affected Quantum. In January 2022, the cryptocurrency set a price record of 103 USD, after which the decline began.

Quantum practically copies the Bitcoin trend. Following the cryptocurrency market, the cost of coins is sliding down. Today, the Qtum rate is 97% lower than its absolute maximum. According to the developers, the price of Qtum depends entirely on the demand for the cryptocurrency.

QTUM Cryptocurrency Data

Data as of January 16, 2022 (source: CoinMarketCap):

• The maximum number of coins is 107,822,406 QTUM.
• Number of coins – 102,063,864 QTUM.
• The circulating supply of coins on the market is 96,313,844 QTUM.
• Current market capitalization is $182,189,948.
• Trading volume for the last 24 hours – $339,443,900.
• Current price is $1.89.
• Maximum cost – $99.87 (January 7, 2022).
• The local minimum cost is $1.47 (September 24, 2019).
• Place in the capitalization ranking – 37.

At the time of the ICO, only 100 million coins were issued.

What is Qtum

Qtum is an open source platform based on Bitcoin Core. Interaction between network participants does not require the creation of accounts. In the Quantum blockchain, smart contracts have been combined with the PoS consensus mechanism.

The main goal of Quantum is the creation of smart contracts using the UTXO protocol. The developers created a platform available for mobile devices, which allowed them to expand the range of users. In the future, the creators intend to improve application storage. Projects based on the Qtum platform will be entered into the common blockchain in the form of transactions.

During the first stage of the ICO, the developers collected $16 million: $10 million were collected in the first hours of the token sale. The explosive start captured the attention of the cryptocurrency community. The coin immediately broke into the leadership of digital assets in terms of capitalization.

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How the project developed

The non-profit organization Qtum Blockchain Foundation, which is developing the project, was founded in 2016 in Singapore. Within a year, specialists prepared a presentation of the startup.

In 2022, from March 16 to April 15, the project team conducted an ICO, earning funds for the further development of the initiative from the sale of the Qtum cryptocurrency of the same name. It is known that in the first 10 minutes of the ICO, 5,000 BTC were collected .

Qtum ICO results. Data: TokenData

The project's test network was launched in June 2022. During 2017-2018, the project’s cryptocurrency competed for listings on major digital asset exchanges. As of January 16, 2022, the digital asset is listed on 69 exchanges (count includes exchange divisions). Qtum is traded in pairs with cryptocurrencies and fiat. At the time of writing the review, the maximum trading volume was recorded on the Cat.Ex platform (in the QTUM/TRX pair).

Trading pairs with Qtum cryptocurrency. The screenshot shows the top 10 trading pairs by total trading volume per day. Data: CoinMarketCap

• During the ICO, 51 million tokens were sold.
• 20 million coins were handed over to developers and company representatives.
• 29 million Qtum were reserved for the development of the project.

In 2022, the startup team was engaged in attracting new users. In October, specialists carried out a number of updates that improved the functionality of the project’s smart contracts. The startup will likely continue to grow in 2020.

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.

Where to buy and store Qtum

Working with any cryptocurrency begins with creating its storage place - an electronic wallet. Any program that supports the QRS20 standard is suitable. The official Qtum wallet for any platform can be downloaded from the developers’ website //qtumeco.io/wallet.

The user can choose from distribution kits of desktop (installed) programs for Windows or Mac:

• Qtum Core is a fully functional version of the Ktum network client. Supports Linux operating system. Allows you to develop master contracts, Dapps, and make transactions. Installation and configuration requires about 500 GB of free space to download the entire blockchain. Synchronization with the network may take a significant amount of time.
• Qtum Electrum is a lightweight desktop version of the wallet. Gives access to all system capabilities, with the exception of the development of decentralized applications. Simple, partially Russified, compatible with mobile and hardware versions. Secure due to data encryption and the use of private keys. Supports other QRS20 standard coins.

Three applications are offered for gadgets based on IOS and Android:

• Qtum Core (Mobile) – full functionality of the platform, including working with master contracts. Supports only internal system tokens.
• QBao is a mobile client of the QBT decentralized social network based on Ethereum. Suitable for storing a number of types of coins, conducting all types of transactions;
• Bitpie is a multi-currency application designed to work with Bitcoin forks, leading cryptocurrencies, including this one.

The official web wallet is Qtum Web Wallet, on the portal //qtumwallet.org. A convenient, simple and fairly reliable resource for storing and using Ktum, it does not support other altcoins.

The official Qtum storage hardware is the Ledger Nanos multi-currency devices. The highest possible level of safety, ease of use, compactness, affordable price. All popular coins are supported.

For storing, accumulating, conducting transactions, trading, any familiar multi-currency wallet is suitable - Coinomi, Exoduc, Holy Transaction and others.

You can buy Qtum cryptocurrency on most crypto exchanges for altcoins or real money. The choice of a trading platform depends on personal preferences, location, planned investment volume, and attitude to confidentiality.

For the Russian Federation and residents of the CIS it will be convenient:

• Binance is a Chinese portal with a low withdrawal fee of 0.1%. Has a Russian interface. For trading volumes up to 2 bitcoins, verification is not required. Disadvantage: only works with cryptocurrency. Qtum can be purchased with BTC or altcoins;
• Exmo is a European (UK) service with high-quality Russification, one of the three most popular trading platforms. Ideal for beginners, it is highly secure for storing funds. Supports trading of leading altcoins; little-known coins are not listed.
• Yobit – presents more than a thousand types of tokens, including those that have just appeared. It works with the Qiwi payment system, which allows you to buy/sell Internet money for rubles and withdraw funds without complications.

Qtum Services

The company has two applications:

• Spring Email
• Qloha

The software uses a cryptocurrency mechanism that makes messaging easier.

Wallets for storing coins that are available for mobile devices are under development. Testing of the innovative SparkNET .

Since the platform is business-oriented, programmers develop services in this direction. Almost all developments are compatible with mobile devices.

Features and Benefits of Qtum

Despite the similarities with Ethereum, the Quantum cryptocurrency has a number of functional differences, which are contained in master contracts. The program allows you to create “real world” transactions, connect third parties to execution, and track implementation stages “online” even from mobile devices.

All working information is recorded on the blockchain. Its loss or change without notifying system participants is impossible. The contract ends automatically with the actual fulfillment of all specified conditions.

Ready-made master contract templates have been developed for various business areas. The emphasis is on real production, trade, logistics, telecommunications, tourism, social networks.

Qtum's work was based on expanding the functionality of the most popular systems running on the basis of smart contracts.

Thus, in their place in the project, “master contracts” were put in place, the main difference of which is the ability to make decisions about activation based on additional factors outside the blockchain.

Example. A specific order was made, specified in the contract. According to the current state, it was completed, and data on its implementation were entered by the contractor.

An ordinary smart contract will not be able to fulfill its part of the agreements (in this case, payment), while the master contract will be able to take into account in its work the data of a third-party organization and confirmation of the fulfillment of obligations on their part. Information will be taken exclusively from verified sources, the data of which allows us to be sure of their reliability.

The user can independently program his contract for certain resources that supply information, which allows him to automate the process.

Additional benefits that Qtum offers its users include the following:

Possibility of communication with other blockchain projects. At its core, Qtum is a hybrid of Bitcoin and Ethereum. Taking all the best from its older brothers, the project was endowed with the ability to implement communication between systems.

This means that working with it allows you to eliminate the third link in the chain, in the form of intermediary exchanges.

Customization to the needs of the business industry. The creators place special emphasis on this side of their work. The main advantage for business is the desire of the project to fully comply with the legal side of the issue.

In other words, Qtum operates in accordance with current laws, which allows it to be considered by large businessmen.

There will be no mining in the project. The system will run on POS, allowing users to earn additional income. It will be charged for processing confirmations of transaction requests.

Cryptocurrency mining

The PoS algorithm is used for mining, participants receive commissions from transactions.

To start earning money, you need to go through several stages:

1. Get a wallet to store coins.
2. Credit the purchased funds to your account.
3. Wait for confirmation of 500 nodes.
4. Monitor wallet activity.

A transaction on the network is carried out after the formation of 500 blocks. When the links are confirmed, participants begin to make a profit. The total number of bets is taken into account, which determine the probability of mining the next block. It takes a little more than two minutes to form a node on the network. For each block, miners receive 4 coins and transaction fees, which are located in the node.

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Mining Quantum is far from classical coin mining. It is rather a lottery: the creation of a node is based on the principle of probability, and the coins in the account are tickets to enter the lottery.

How to top up your wallet

The question of how to top up a wallet has a classic answer. To do this, you need to purchase a coin on one of the services that support this asset. Many only support transactions in the “cryptocurrency for cryptocurrency” format.

Therefore, we solve the problem simply and quickly:

1. Go to the official Matbea website.
2. Register to get access to a wide list of storage facilities and assets.
3. We purchase “Quantum” for rubles on the account of our Visa/Mastercard or a popular payment system.
4. We instantly record the receipt of coins inside our own “wallets” on this site.

No unnecessary “movements” or complications. You can leave the coin here after activating all multi-factor protection options. If it is more pleasant for the user to keep funds on independent hardware or software storage, they can immediately initiate withdrawal.

Create a wallet

Further development

Today the platform is at the development stage. The main problem of Qtum is its dependence on Bitcoin. Factors that may affect the rate growth:

• powerful team;
• a clear plan for further development;
• the popularity of the project, despite its short existence;
• advanced blockchain technology;
• cooperation with reputable companies and support of large investors.

The developers strictly follow the roadmap - all deadlines are met. Patrick Dye (the founder of the network) believes that you need to focus not on marketing issues, but on technical aspects. Although it cannot be said that Qtum is an unpopular platform: the network attracts business structures. Using the platform, supply chains are controlled at minimal cost.

Disadvantages of Qtum:

1. Weak PR campaign. The authors do not intend to spend money on advertising until the project is completed.
2. Big competition. There are a number of platforms in the blockchain space that offer similar conditions.
3. "Dampness" Qtum. The full launch of the platform is planned for the third quarter of 2022.
4. Dependence of the Quantum cryptocurrency rate on Bitcoin.

If the authors focus on a specific niche, the project is doomed to success. The developers set a course for East Asia, where the bulk of Qtum’s partners are concentrated.

At this stage, buying Quantum for long-term investment is risky. The situation will become clearer after the full launch of the project. Now you can make good money on exchange rate volatility through trading.

Qtum to US Dollar exchange service created for your convenience.

EXMO is a reliable cryptocurrency exchange with a high level of security of funds and data and the fastest technical support that responds within 15 minutes 24/7. Taking care of the client is the main priority of the EXMO team.

The EXMO platform, where you can exchange QTUM for USD, was founded in 2013 and has offices in London, Kyiv, Istanbul and Moscow. EXMO is one of the largest exchanges in Europe in terms of traffic, QTUM trading volume and liquidity.

The platform's easy-to-use interface will be convenient for both beginners and professional traders. The platform uses TradingView charts , which contain all the tools and data a trader needs for technical analysis when trading Qtum or the US Dollar.

Log in to the platform, buy/sell Qtum and store Qtum in the EXMO multi-currency wallet.

How to send coins to another person

In the case of this asset, there is no problem in answering the question of how to send coins to another person. To initiate a transfer (regardless of the “wallets” you and the recipient use), you just need to have an address to send funds:

1. Use the “Make a transfer / Send” function.
2. Enter the recipient's address as a unique combination of letters and numbers.
3. Specify the amount to send and become familiar with the amount of the commission.
4. Double-check all entered data.
5. You are making a transfer.

Next comes confirmation of the transaction via blockchain with recording of the transfer. Everything is safe and secure, but requires a short wait for enrollment.