The current Qtum (QTUM) price is $1.99**, with a 24-hour trading volume of **$12,641,698. Over the past day, QTUM's value decreased by 3.22%, while it gained 2.65% over the last week. Qtum's market capitalization stands at $210,062,886, with a circulating supply of 105,711,253 QTUM out of a maximum supply of 107,822,406. Currently ranked #152 in the crypto market, Qtum is 98.14% below its all-time high and 319.94% above its all-time low.
👉 Explore Qtum's latest price trends
What Is Qtum (QTUM)?
Qtum is the native cryptocurrency of the Qtum blockchain, a hybrid platform combining elements of Ethereum and Bitcoin. Designed as an ERC-20 token initially, Qtum now powers a decentralized network offering DeFi services, smart contracts, dApps, and NFTs. The blockchain enhances transaction efficiency and programming flexibility, addressing scalability issues faced by Bitcoin and Ethereum.
Key Features:
- Hybrid Blockchain: Merges Bitcoin’s UTXO model with Ethereum’s smart contract functionality.
- MPoS Consensus: Uses Mutualized Proof-of-Stake for faster, eco-friendly validation.
- EVM Compatibility: Supports decentralized applications (dApps) across multiple virtual machines.
The History of Qtum
Founded in 2016 by Patrick Dai, Neil Mahi, and Jordan Earls, Qtum aimed to resolve scalability and interoperability challenges in major blockchains. After raising $15 million in its March 2017 ICO, Qtum launched its Mainnet in September 2017, transitioning from an ERC-20 token to a native asset.
Milestones:
- 2018: QTUM peaked above $100 before stabilizing.
- 2022: Implemented a hard fork introducing Taproot upgrades and EVM enhancements.
How Qtum Works
Qtum’s deflationary model caps its supply at 100 million QTUM (adjustable via governance). Its hybrid technology integrates:
- Account Abstraction Layer (AAL): Enables smart contracts on Bitcoin’s UTXO model.
- Decentralized Governance Protocol (DGP): Allows dynamic adjustments to blockchain parameters (e.g., block size, gas fees).
Staking and Security:
- MPoS Algorithm: Validators are chosen based on staked amounts, with rewards proportional to their stake.
- Block Rewards: Halve every four years, similar to Bitcoin’s emission schedule.
Qtum Price Analysis
QTUM’s price volatility reflects its niche as a scalable smart-contract platform. Key metrics:
- Market Cap: $210 million
- Circulating Supply: 105.7 million QTUM
- All-Time High: $106 (January 2018)
FAQs About Qtum
1. What is Qtum used for?
Qtum powers decentralized applications, smart contracts, and DeFi solutions on its hybrid blockchain.
2. How does Qtum’s MPoS differ from PoS?
MPoS prioritizes staked amount over staking duration, ensuring faster, more democratic validation.
3. Where can I buy Qtum (QTUM)?
QTUM is available on major exchanges like Binance, Kraken, and KuCoin.
4. Is Qtum a good investment?
While QTUM offers innovative technology, its price depends on adoption and market conditions. Always research before investing.
5. What makes Qtum unique?
Its hybrid model combines Bitcoin’s security with Ethereum’s programmability, solving scalability issues.
For real-time updates, check Qtum’s official channels or trusted crypto trackers.