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QTUM

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Description

What does QTUM do?

QTUM project borrows technology from both Bitcoin and Ethereum. According to QTUM’s official website, this combination “merges the reliability of Bitcoin’s unfailing blockchain with the endless possibilities provided by smart contracts.”

QTUM calls itself “the blockchain made ready for business.” It is an open-source cryptocurrency that allows its users to create dApps (decentralized apps) that are supported on mobile devices. One of the main goals of QTUM is to act as a bridge between blockchain technology and the business world.

What are QTUM coins used for?

Running dApps and executing smart contracts requires computing power that must be paid for. This cost is commonly referred to as “gas.” On the Ethereum network, individuals pay for gas with Ether. On QTUM, gas is paid with QTUM coins.

Another use for QTUM coins is for participation in QTUM’s Proof of Stake consensus mechanism. Users that hold QTUM coins in their wallet act as nodes and receive dividends (in the form of more QTUM coins) for their services.

QTUM coins can also be used to store and transfer value.

How can QTUM value appreciate?

A big factor in QTUM’s growth as a network will be its ability to gain recognition in the business world. If the cryptocurrency is seen as useful by major companies, it may gain momentum, which would lead to QTUM’s price increasing.

Like NEO, QTUM is a cryptocurrency based in China. Chinese bans and regulations on cryptocurrencies may make investors uncertain about their future. If China takes a more favorable view of cryptocurrencies, QTUM may gain a lot more attention and adoption, which would significantly raise the price of QTUM.

What is the difference between QTUM and its competitors?

The closest competitors of QTUM is NEO. One main advantage of QTUM’s over the other two cryptocurrencies is its usage of EVM, which allows developers to port apps to QTUM easily, meaning it is simpler for a developer to modify their software to work with QTUM than it would be to work with NEO.

NEO has gained more attention than QTUM so far, but QTUM’s team is skilled and dedicated. Also, QTUM has a long list of angel investors.

  • Mainnet Launch: March 2017
  • Open Source: Yes
  • Consensus Type: PoS
  • Technology: Qtum
  • Total Coin Supply: 100,587,292
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Description

What does QTUM do?

QTUM project borrows technology from both Bitcoin and Ethereum. According to QTUM’s official website, this combination “merges the reliability of Bitcoin’s unfailing blockchain with the endless possibilities provided by smart contracts.”

QTUM calls itself “the blockchain made ready for business.” It is an open-source cryptocurrency that allows its users to create dApps (decentralized apps) that are supported on mobile devices. One of the main goals of QTUM is to act as a bridge between blockchain technology and the business world.

What are QTUM coins used for?

Running dApps and executing smart contracts requires computing power that must be paid for. This cost is commonly referred to as “gas.” On the Ethereum network, individuals pay for gas with Ether. On QTUM, gas is paid with QTUM coins.

Another use for QTUM coins is for participation in QTUM’s Proof of Stake consensus mechanism. Users that hold QTUM coins in their wallet act as nodes and receive dividends (in the form of more QTUM coins) for their services.

QTUM coins can also be used to store and transfer value.

How can QTUM value appreciate?

A big factor in QTUM’s growth as a network will be its ability to gain recognition in the business world. If the cryptocurrency is seen as useful by major companies, it may gain momentum, which would lead to QTUM’s price increasing.

Like NEO, QTUM is a cryptocurrency based in China. Chinese bans and regulations on cryptocurrencies may make investors uncertain about their future. If China takes a more favorable view of cryptocurrencies, QTUM may gain a lot more attention and adoption, which would significantly raise the price of QTUM.

What is the difference between QTUM and its competitors?

The closest competitors of QTUM is NEO. One main advantage of QTUM’s over the other two cryptocurrencies is its usage of EVM, which allows developers to port apps to QTUM easily, meaning it is simpler for a developer to modify their software to work with QTUM than it would be to work with NEO.

NEO has gained more attention than QTUM so far, but QTUM’s team is skilled and dedicated. Also, QTUM has a long list of angel investors.

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