As of not long ago, Qtum was not even a blip on an investor’s radar. A coin that was relatively imperceptible before the occasions of December 2017, figured out how to ascend around 200 percent since it came up as an ICO.
Gradually however continuously, Qtum is turning into a major coin and picking up the attention of investors while making progress on its way.
Qtum is fundamentally an open-source platform that focuses on building decentralized applications on the blockchain. It consolidates the UTXO of bitcoin and smart contract system of Ethereum to offer a comprehensive protocol package. The one of a kind component of this digital currency is that Qtum is the first stage to help the Proof-of-Stake algorithm. This, thusly, implies decreased load on the mining network and cost per transaction too.
Qtum is otherwise called Quantum and is a China-based coin. Much the same as Ethereum, Qtum can execute the smart contracts and works correspondingly to Ethereum also that enables clients to develop, distribute and operate the business applications quicker.
Established in 2016, Qtum is driven by CEO Patrick Dai and positions among the top 25 Cryptocurrencies at the present time.
The Bitcoin and Ethereum hybrid began with some place around $6. In mid-December, a year ago, Qtum rose to its all-time high at $70 that has every one of the investors riveting on this coin. In any case, the coin saw some losses in value this year, however, a descending trend has been the general situation of the digital currency market. As of now, it is riding on $26 with a market cap of $1,923,783,996 USD.
The most intriguing improvement at this moment is the utilization of bitcoin’s UTXO by Qtum that will enable the clients to execute the smart contracts from the light wallets appropriate on their phones. It is surely on its approach to disrupt the blockchain as well as the internet traffic.
A significant association of Qtum has been with Baofeng, a mainstream Chinese video portal that helped it turn out to be much well known and bigger.
Qtum additionally has a considerable measure of fascinating projects pipelined that demands your attention. As of late, in a joint effort with Space Chain, the first ever blockchain satellite has been effectively launched. Through MediBloc (healthcare industry), CFun, BitClave (multimedia industry) and Energo (energy industry), Qtum is soon going to have a presence in relatively every sector.
The development team of Qtum is constantly dealing with its platform to make it appropriate for broad adoption. Being made of the best parts of both bitcoin and Ethereum, Qtum is a digital coin that should be on your crypto list this year.