The crypto industry does not stand still. Its development is more and more rapid, and more and more often new products enter the digital currency market. One of these products is the Qtum (QTUM) cryptocurrency, which has absorbed the features of two large-scale projects – Ethereum and Bitcoin. In this article, we will consider in detail what is the Qtum (QTUM), its features, the digital currency rate and the prospects forecast.
Launch of the project
Qtum (QTUM) project was launched thanks to influential investors in the virtual currency environment – Anthony di Iori, Staru Xu, Xiaolai Li and Bo Sheng, who jointly invested more than 1 million dollars in a promising start-up.
The main goal of the project was the creation of a unique Blockchain technology as an alternative proposal for those who are dissatisfied with certain aspects of Ethereum and Bitcoin.
The full name of the project is Quantum. Its launch and use of an own Qtum (QTUM) tokens began in early 2016. Altcoin Qtum (QTUM) is developed by young, but the very promising team from Singapore, headed by Patrick Dai.
It should be noted that the development of Qtum (QTUM) took place very quickly. So, this project has already managed to get ahead of the progress achieved by the world of digital currencies.
Qtum – the child of two cryptocurrencies
What is Qtum (QTUM)? This question interests both experienced miners and beginners in the community of digital currencies.
This cryptocurrency has an open source code. Thanks to the efforts of the development team, the QTUM project succeeded in dividing the positive sides of the two main players in the cryptocurrency market – Bitcoin and the Etherium. In Bitcoin, the QTUM token has borrowed the main technology and algorithm of Blockchain, as well as the innovative function of abstracting accounts. Thanks to upgrades and improvements, it became possible to connect standard protocols for the operation of the Blockchain technology and the virtual machine of the Ethereum.
The official site of Qtum (QTUM) is https://qtum.org/.
Qtum (QTUM) is supported by the Proof-Of-Stake protocol, which ensures the security and efficiency of the platform.
So, let’s designate the main advantages of Qtum (QTUM):
- Blockchain core;
- Virtual protocols and advantages of the Ethereum project;
- Proof-Of-Stake user protocol;
- The presence of mobile applications, with which you can manage cryptocurrency;
- Self-regulated unique Blockchain technology;
- A platform designed mainly for doing business.
It should be noted that the shortcomings of Qtum (QTUM), if they exist, are solely due to the fact that this product is new on the market. So the cryptocurrency can quite reach the leading position in the general crypto industry.
Qtum (QTUM) earning process
Now we will consider the question of how to get Qtum (QTUM). It’s pretty simple – you can buy Qtum (QTUM) on the BTER, Yunbi, Younbao, Liqui, and Bittrex trading platforms. Soon Qtum (QTUM) coins can also be purchased at the Coinone crypto-exchange.
It is important to say that due to the increased growth of this digital currency, it is possible to introduce it on other exchanges of virtual currencies.
The exchange rate of Qtum (QTUM)
What is 1 Qtum (QTUM) – one of the most common questions on thematic forums, which interests all investors without exception.
For today, on February 8, 2018, one Qtum (QTUM) coin is 23,96 US dollars, or in Bitcoin-equivalent it is 0.00292784 BTC.
Note that in August 2017, there was a significant jump in the rate. At that time 1 Qtum (QTUM) could be bought for almost 16 US dollars. The current capitalization of virtual currency is about 1,7 billion dollars.
According to preliminary estimates, the level of inflation of the Qtum (QTUM) cryptocurrency is 1 percent per year. Qtum (QTUM) coins are issued in the amount of 100 million pieces.
Installing the Qtum (QTUM) wallet
Now we come to the main question – what is Qtum (QTUM) address, what is it for and how to get it.
The key feature of this cryptocurrency, which distinguishes it from all others, is the absence of its own wallet, where the user can store the purchased tokens. Therefore, the Qtum (QTUM) address does not actually exist. To receive the currency, it will be necessary to specify the address of the wallet used by the miner. It is necessary to check that the electronic wallet supports this cryptocurrency.
It is planned that in the future the currency can be sent by mail using the SpringEmail project. However, as long as such forwarding remains impossible, Qtum (QTUM) support is carried out by other multicurrency wallets, like Exodus.
To register this wallet, go to https://www.exodus.io.
Click the “Download” button located in the upper right corner of the screen. After going to the download page, the user must select the operating system of the computer. The wallet is supported on software with the Windows, Mac, and Linux. In a new window you need to choose where the installation file will be saved. After the download is complete, open the installation file and follow the instructions.
Now you have a multicurrency wallet on your computer that supports Qtum (QTUM) cryptocurrency.
However, there is a mobile Qtum (QTUM) wallet, which is currently in the testing phase. Very soon it will be available for all miners.
Prospects for the development of Qtum (QTUM)
Prospects for the development of Qtum (QTUM) are quite large. This is due to the fact that a young but professional team is working on the project. The forecast for the exchange rate gives high hopes.
In addition, this project deserves close attention since it has already surpassed the progress that has been made in the field of cryptocurrency. The Qtum platform (QTUM) is mobile, reliable and flexible, and is considered one of the most promising start-ups that can still show itself.