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Qtum (QTUM) is the 166th largest cryptocurrency in the world by market cap, valued at $289,430,033. The current price of Qtum is $2.77, which is -1.464% lower than yesterday. Prices have ranged between $2.82 and $2.72 over the past 24 hours. All prices are listed in US dollars and accurate as of February 03, 2023 12:02 UTC.
Qtum (pronounced "Quantum") is an open-source blockchain project designed to combine Ethereum’s smart contracts with Bitcoin’s blockchain. Its aim is to allow for the development of faster and more secure smart contracts and decentralized applications on a business-friendly blockchain.
Developed by the Singapore-based Qtum Foundation, Qtum is a hybrid blockchain application platform that aims to bring together the best parts of the Bitcoin and Ethereum projects and to facilitate interoperability between the 2. Its core focus is on the business applications of smart contracts, with an aim to introduce a wide range of organisations to blockchain-based solutions that increase efficiency and reduce costs.
The Qtum platform is built on a Bitcoin core fork, chosen for its simplicity and stability, and then an account abstraction layer that includes multiple virtual machines that contribute different functionalities. Headlining these is the Ethereum Virtual Machine, which gives Qtum the ability to create its own smart contracts.
QTUM is the native token of the Qtum network, and tokens are required to use Qtum apps and the Qtum blockchain.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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