What Is Qtum (QTUM)?
The open-source Qtum platform is a dual-layer blockchain with a smart contract layer and a secure cryptocurrency layer. This combines the best of both Ethereum and Bitcoin to create a scalable enterprise solution meant for mass adoption on a B2B level.
It uses Bitcoin UTXO, Ethereum Virtual Machine (EVM) smart contracts, an Account Abstraction Layer (AAL), and Proof-of-Stake (PoS) mining that makes it quantum computing-resistant.
Who Is Qtum?
Qtum was co-founded by Patrick Dai, and the young team is based in Singapore. The platform was developed in March 2017, and it’s focused on the Chinese market.
Use Cases of Qtum
Qtum is a smart-contract platform like Ethereum, and it’s working on creating a decentralized application (dApp) layer for developers. This step would put it on the same level as Ethereum with Plasma and Lightning compatibility.
Basically, Qtum is a blank slate that needs massive third-party development support and enterprise adoption to succeed.
How to Mine Qtum
QTUM is not mineable. Instead, it’s earned via a Proof of Stake (PoS) algorithm. This means you essentially earn interest based on the balance of QTUM held in a compatible wallet.
The maximum supply of Qtum is 107,822,406 QTUM, and it reached an all-time high price of $106.88 on January 7, 2018, according to CoinMarketCap.
Learn More About Qtum
If you want to learn more about Qtum, Coin Central is one of the best cryptocurrency and blockchain media outlets. It’s far better than the scam rag investment company Crypto Briefing I used to work for. Fuck Crypto Briefing, check out Coin Central’s much better Qtum Beginner’s Guide.
Otherwise, check out this intro to Pundi X.