What is QTUM coin? Information, Price & Outlook for Qtum
What is QTUM?
Qtum is a platform aiming to become the public blockchain for businesses. Offering compatibility with established blockchains and a mobile friendly ecosystem.
Pros:
- The Qtum platform is already used for interesting dApps like Bodhi (BOT) and INK (INK).
- It’s likely still undervalued considering it’s current status and the fact it can leverage Ethereum developments.
- It’s well marketed and has a strong team.
Cons:
- It is a massively competitive market for platforms vying for enterprise customers.
- There is a lot of turmoil in the market and every platform could face upheaval when factoring in demands set by regulations across multiple countries if decentralised networks cross borders.
Official Videos:
Comparison:
- Ethereum: Ethereum is a major platform allowing developers to build decentralized apps on its blockchain technology. The same is true for Lisk, Nuls, Stratis et al.
Competitors:
- NEO
- LISK
- NULS
- Neblio
2018 Market Outlook:
Value as of March 10th 2018 - $19.45
"Do you have a 2018 Market Prediction for QTUM? Tell us in the comments"
Intelligentsia:
- Founder, Patrick Dai, worked on Alibaba.
- Advisor, Matthew Roszak, founding partner of Tally Capital and co-founder of Bloq.
- Anthony Di Iorio, founder of Ethereum and CEO at JAXX Wallet.
Milestones:
- January 2017, $1m USD Seed Round funding.
- March 2017, $15.6m USD raised in Initial Coin Offering (ICO).
- September 2017, Qtum went live.
- November 2017, Dennis Jia, launches CFUN Project on the Qtum Blockchain.
- February 2018, Qtum launches first satellite node in partnership with SpaceChain.
- February 2018, Digital Advertising Blockchain DATx launches with Qtum.
Roadmap:
There are no dates on the Qtum roadmap but some of the goals for 2018 include:
- X86 Virtual Machine added to mainnet.
- Multiple Wallet support
- Ledger Nano support
- Qtum API and SDK
- dApp store.
Supply:
- Market Cap: $1,438,271,392 USD
- 24 Hours Volume: $132,166,000 USD
- Circulating Supply: 73,938,752 QTUM
- Total Supply: 100,438,752 QTUM
Function:
- Qtum is a hybrid platform, combining the core of Bitcoin with the Ethereum Virtual Machine. Giving developers a familiar foundation.
- Developments built by Bitcoin or Ethereum communities can be ported over to Qtum.
- The Qtum team is focused on smart contracts for business applications. Thus giving legacy organizations the opportunity to move to blockchain.
- Qtum also connects to APIs, also known as oracles that grant access to smart contract information via external devices, such as mobile.
- Qtum also uses proof-of-stake rather than proof-of-work.
Usage:
- You can earn Qtum by staking. To stake you need to setup a Qtum wallet and transact Qtum for it to mature on the network.
- The platform has already been used to build:
- SpaceChain: An open-source satellite network offering an alternate medium for data transmission, storage and development.
- Medibloc: Utilizes the Qtum blockchain technology to make medical records secure.
- Energo: An energy trading platform which connects energy consumers with producers in a local area smart grid.
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