Qtum (QTUM)
Rank #194
Market snapshot
- Price
- $0.718678
- Market cap
- $76.2M
- 24h volume
- $8.3M
- Circulating supply
- 106,089,955.5
- Total supply
- 107,822,406
- Max supply
- 107,822,406
What is Qtum?
Qtum merges the security features of Bitcoin with the smart contract functionality of Ethereum, creating a unique blockchain solution. This hybrid approach allows developers to build decentralized applications (dApps) that leverage the strengths of both ecosystems. Qtum's architecture is designed to be user-friendly for developers, enabling them to create and deploy smart contracts.
How Qtum works
Qtum operates on a hybrid blockchain that utilizes Bitcoin's UTXO model alongside Ethereum's smart contracts. This design allows for a flexible and secure environment for dApps. The platform enables developers to build applications that can interact with both Bitcoin and Ethereum networks, enhancing interoperability. Qtum's proof-of-stake consensus mechanism contributes to its scalability and energy efficiency, making it suitable for a wide range of applications.
Key information
- Symbol
- QTUM
- CMC rank
- #194
- Network / platforms
- N/A
- Categories
- N/A
- Date added
- May 24, 2017
Key characteristics
Qtum features a unique architecture that combines the security of Bitcoin with the flexibility of Ethereum, allowing for powerful decentralized applications. The platform supports the development of dApps and provides resources for developers to build on its infrastructure. Qtum's QRC20 token standard facilitates the creation of tokens on its blockchain, supporting various projects, including AI-focused initiatives. CoinMarketCap categorizes Qtum under its defi, binance-ecosystem, and smart-contracts tags.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and the destination details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Qtum?
- Qtum is a decentralized, open-source public blockchain that combines Bitcoin's security with Ethereum's smart contract capabilities.
- How does Qtum work?
- Qtum operates on a hybrid blockchain that merges Bitcoin's UTXO model with Ethereum's smart contracts, allowing for flexible and secure dApp development.
- What are the technical features of Qtum?
- Qtum features a unique architecture that supports the development of decentralized applications, leveraging both Bitcoin's security and Ethereum's flexibility.
- What are the risks associated with transferring Qtum?
- Users should verify the asset and network before transferring assets and understand that transfers may be irreversible.
- How can I verify Qtum before acquiring it?
- Verify the asset name, network, and the destination details before transferring, and review the custody method.
- Where can I find official resources for Qtum?
- Official resources for Qtum can be found on their website at https://qtum.org/ and their GitHub repository at https://github.com/qtumproject/qtum/.
