Price of Qtum (QTUM) today
As of the latest data, Qtum (QTUM) is currently priced at $4.11 with a market capitalization of $420.40M. The 24-hour trading volume stands at $90.03M, The circulating supply of Qtum is approximately 104.76M. The cryptocurrency has seen a 2.55% increase in value over the past 24 hours.
About Qtum (QTUM)
Qtum, with the symbol QTUM, is a blockchain platform that combines the stability of Bitcoin's blockchain with the smart contract functionality of Ethereum. It aims to bridge the gap between these two major cryptocurrencies, offering a platform for decentralized applications and smart contracts. Qtum utilizes a proof-of-stake consensus mechanism, allowing users to stake their coins to help secure the network and earn rewards.
The technology behind Qtum includes a modified version of the Bitcoin Core infrastructure, the Ethereum Virtual Machine for smart contract execution, and the Qtum Account Abstraction Layer for compatibility with different virtual machines. This combination of technologies enables developers to create decentralized applications that can run on multiple virtual machines, providing flexibility and scalability.
With a focus on interoperability and usability, Qtum is suitable for a wide range of use cases, including decentralized finance, supply chain management, and digital identity verification. Its user-friendly development tools and support for multiple programming languages make it accessible to developers of all skill levels. Overall, Qtum offers a versatile platform for building decentralized applications and smart contracts on a secure and scalable blockchain network.
How does Qtum work?
Qtum is a decentralized blockchain platform that combines the security of Bitcoin's UTXO model with the flexibility of Ethereum's smart contracts. It enables peer-to-peer transactions and allows developers to build decentralized applications (dApps) using a variety of programming languages. Qtum utilizes a proof-of-stake consensus mechanism, which allows users to stake their coins to help secure the network and earn rewards. One of its unique features is the ability to create decentralized applications that can be easily integrated with existing systems, making it suitable for a wide range of industries such as finance, supply chain management, and healthcare. Qtum's underlying blockchain technology ensures transparency, security, and immutability of data, making it a reliable platform for conducting transactions and executing smart contracts without the need for intermediaries. Its diverse functionalities and potential applications across various platforms and industries distinguish Qtum from traditional financial systems, offering a more efficient and cost-effective way to transact and interact in a decentralized manner.
How to keep your Qtum (QTUM) safe?
To keep your Qtum (QTUM) safe, consider using hardware wallets like Ledger for enhanced security measures. These wallets store your private keys offline, making them less vulnerable to hacking. Additionally, trusted platforms like OKX, Kraken, and Binance offer secure storage options for your Qtum, with features such as multi-signature wallets and cold storage. By utilizing these platforms and wallets, you can better protect your Qtum holdings from potential threats and ensure the safety of your investments.
