QTUM - Asian combination of Bitcoin and Ethereum

How to create the perfect cryptocurrency? Take the two best known and copy the best from each. This assumption came from Chinese Patrick Dai and American Jordan Earls, creators of the cryptocurrency Qtumwho raised USD 10 million for their idea during the week and were able to implement it quickly.

We continue the cycle of the Forex Club portal, in which we describe the largest, most interesting, most famous and controversial cryptocurrency projects in the world. Today it's time for Qtum - a cryptocurrency that draws the best from others.

Patrick Dai, QTUM

Anyone who observes the world situation at least a little knows that China and the USA are competing fiercely economically, but also politically. The struggle for influence in the world takes place on practically every front. Leaders regularly freeze and unfreeze their relations, levy tariffs on various products, take them off, then re-impose and increase them, they race at the technological, scientific, military level ... The friendship between these countries is undoubtedly the rougher.

However, this does not mean that their citizens do not cooperate. A great example is the world of cryptocurrency, which is assumed to be based on financial disputes between countries. It is in this field that the American can boast of fruitful cooperation Jordan Earls and Chinese Patrick Dai, i.e. the creators of the Qtum platform.

CRYPTOCURRENCY EXCHANGE - OVERVIEW

How QTUM was created

Qtum is a project based on blockchain technologythat combines features Bitcoin (BTC) and Ethereum (ETH). It provides the possibility of micropayments based on cryptocurrencies, and at the same time allows you to create smart contracts and applications. He wants to merge companies and institutions, making it easier for them to settle and exchange using native QTUM cryptocurrency. Companies from South Korea and China are already using these solutions.

It all started in 2017 when the white paper was published. It was then that the collection of money began by selling tokens as part of the ICO. They were based on the ERC20 smart contract in the Ethereum network. In the month from March 16.03.2017, 15.04.2017 to April 15,6, 10, tokens for the amount of USD XNUMX million were sold. The first USD XNUMX million was received in the first week of the offer.

Of the 100 million tokens planned for trading, 51% went to public sale, 29% was assigned to a fund dealing with the development of applications created in the Qtum network, and 20% was given to the creators and developers of the project.

From 08.09.2017/XNUMX/XNUMX QTUM is a cryptocurrency that works on its own blockchain.

How Qtum works

The combination of Bitcoin and Ethereum features makes Qtum compatible with two clear leaders in the cryptocurrency market. It can work with the more and more popular Lightning Network Bitcoin, and allows you to create smart contracts in virtually all the most famous programming languages: Python, Go, C ++ and Rust, which is a big advantage over Ethereum, which is limited in this respect.

The Qtum network operates on the Proof of Stake consensus algorithm, so you cannot - unlike Bitcoin - mine subsequent transaction blocks. Transactions are confirmed by nodes, i.e. the holders of the largest number of tokens that must be frozen on their accounts (they cannot be traded on cryptocurrency exchanges).

QTUM quotes

Currently, QTUM can be traded on 63 cryptocurrency exchanges around the world. As at 28.04.2020/96,6/102,3, 1,51 million units were traded from a target number of 146,3 million. With a valuation of USD 07.01.2018 per token, this gives a capitalization in excess of USD 106,88 million. The highest figures in history took place on XNUMX, when you had to pay as much as USD XNUMX for each token.