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Qtum Ignition (QTUM) exchange rate

Price for today

2.84 USD 3.28%

0.00014502 BTC 0.52%

Market Cap
296,053,551 $
Volume 24h
57,061,401 $
  • Name Qtum Ignition

  • Symbol QTUM

  • Circulating supply 104 231 940 $

  • Max supply 107 822 410 $

  • Cmc rank 95

  • Volume 24h 57 061 401 $

  • Percent change 1h -0,2 %

  • Percent change 24h 3,3 %

  • Percent Change 7d -5 %

About Qtum Ignition

Launched in 2017, Qtum is a decentralised platform that combines the best characteristics of the Ethereum and Bitcoin blockchains. In terms of functionality, Qtum resembles Ethereum as it also promotes the use of blockchain in various business sectors, production and trade. Qtum uses oracles for an effective interaction between the blockchain and the real world. The implementation of smart contracts outside the network is monitored by third parties (programs, organizations, etc.). They carry out the necessary calculations, control the supply chain, and help to fulfill the terms of the agreements. Moreover, the responsibilities of a particular oracle can vary quite widely.

What Is Qtum (QTUM)?

What happens when you mix Bitcoin's security protocols with Ethereum's smart contract functions? The result would be something very similar to what Qtum is trying to achieve. Operating as an open-source smart-contract blockchain, Qtum has been able to bridge a gap that satisfies all stakeholders, here is how they are doing it.

Qtum cryptocurrency is a project seeking to provide an alternative to Ethereum in terms of decentralized applications (dApps).

Individually, both Bitcoin and Ethereum have serious limitations that have come to affect their users.

Bitcoin's Proof-of-Work consensus system has come under great criticism because of the amount of resources (energy and computing power) it requires to work. Yet, there is no denying how secure the system is, especially compared to Ethereum.

The latter has driven the development of the cryptocurrency community through the use of smart contracts leading to the development of hundreds of dApps. However, the immense adoption has led to constant congestion on the platform, resulting in transaction delays, outrageous gas fees, and overall inefficiency.

A bridge in the gap is Qtum, which distinguishes itself from other “Ethereum alternatives” by using familiar developer languages. By enabling the use of programming languages similar to the likes of C++ and JavaScript, projects and developers save the time and resources otherwise spent learning new languages.

Qtum’s native token (QTUM) takes the same name as the platform. It is used as a reward for stakers who validate transaction blocks. It also gives eligibility to participants of the Decentralized Governance Protocol (DGP). 

Qtum Price Live Data

As with most cryptocurrencies, the QTUM price is not stable. However, with the Godex interactive QTUM price chart, you can follow the real-time price of QTUM coins, as well as track changes over time.

The chart with red and green bars is called a candlestick chart. It provides you with insights into the performance of the QTUM coin over time.

The colored bars are indicative of how the value of the QTUM token has changed within the day. The bars are called candles, and each candle represents a specific day on the QTUM chart. Where green candles indicate an increase in the price of QTUM for the day, red candles tell the opposite — that is, there was an overall decrease in the price of QTUM at the close of the day.

Time is measured across the chart (from left to right), while the price indicator is on the vertical axis to the right.

A glance at the chart will tell you how the QTUM token has performed on any given day. When you move your cursor across the chart, a cross with a dotted line pops up. Move the cursor around to trace the changes in the price of QTUM in relation to time.

Qtum Exchange Rates

The highest QTUM value ever recorded was $99.87 on January 7, 2018. Around that time, Qtum was working on a blockchain collaboration with 360 Blockchain Research Center and the New Bitcoin Foundation. The collaboration was officially announced two days later on January 9, 2018.

The collaboration was only one part of the publicity Qtum was attracting at that time. After it made its appearance at BlockShow Asia earlier in November of 2017, the project picked up traction, featuring in conversations amongst cryptocurrency enthusiasts, investors, and blogs with an appearance in Forbes. 

The increased publicity and enthusiasm in the project drove the price higher until it culminated in the highest price it ever recorded. Still, the QTUM stock has remained volatile. You can check the real-time price on QTUM exchange platforms like Godex.io.

How to Convert Qtum

If you are looking to convert QTUM to/from other cryptocurrencies, consider using Godex. Godex is a wholesome cryptocurrency exchange platform that:

  • lets you carry out transactions without having to register;
  • affords a fast transaction process in simple, straightforward steps;
  • protects your transactions using strong security protocols;
  • does not impose limits to the number of coins you can exchange;
  • allows you to convert to over 200 cryptocurrencies;
  • offers you a chance to earn up to 0.6% of every transaction through its affiliate program;
  • provides interactive charts, like a QTUM USD chart, to help track the QTUM coin price.

Can You Mine QTUM?

You cannot mine QTUM because the platform uses the Proof-of-Stake algorithm. Instead of solving cryptographic problems like in Proof-of-Work (PoW) systems like Bitcoin, QTUM uses a staking mechanism.

A staking system appropriates rewards based on the number of tokens a validator deposits (stakes). Your chances as a QTUM staker to earn a QTUM coin depend on the magnitude of your QTUM stake. Therefore, you will earn QTUM coins in transaction blocks where you have the highest stakes. You can also exchange other coins you won to QTUM using the anonymous Godex exchange.

F.A.Q.

How Does Qtum Work?

The platform's core is modeled after Bitcoin's UTXO transaction framework, which provides a safe and dependable skeleton.

A smart-contract system modeled after Ethereum uses the Proof-of-Stake (POS) consensus algorithm to create a functioning eco-system for creating and running dApps. It ensures that dApps built on Ethereum work on Qtum's network, and vice-versa. dApps running on Qtum can be functional on multiple virtual machines.

Connecting the UTXO transactional core and the POS smart-contract system is the Account Attraction layer.

What Makes Qtum Unique?

Qtum connects the Unspent Transaction Output (UTXO) feature of Bitcoin and the dApp capabilities of Ethereum. It also allows cross-compatibility for dApps built on different platforms. 

Smart contract applications can be developed in familiar languages like C++, JavaScrip, C, as they are supported by the platform’s native language x86 VM.

The governance protocol (DGP) oversees changes within the platform without tampering with the QTUM blockchain.

How Many Qtum (QTUM) Coins Are There in Circulation?

The first supply of QTUM was 100 million, which was generated before the project was launched. More coins would be created through the staking process, increasing the total coins available till 2045. The peak supply will be capped at 107,822,406 QTUM.

The block reward at the start was 4 QTUM, and then changed to 1 QTUM in April 2021. This amount will be halved every 4 years for a total of 7 times. By then, no new QTUM will be produced.

Is Qtum (QTUM) a Good Investment?

The Qtum cryptocurrency project is backed by solid, proven technologies. Rather than reinventing the wheel, it has steered towards optimizing the two major contributors to the cryptocurrency industry.

However, despite having been around since 2017, QTUM crypto has not gained as much traction compared to competitors like Solana, Cardano, etc. This can be a positive indication that QTUM is currently undervalued, but it could also mean that the project might remain stagnant for the near future.