What is Qtum (QTUM)?
Qtum (pronounced “quantum”) is an open-source blockchain platform for proof-of-stake (PoS) smart contracts and a value transfer mechanism.
It aspires to combine the advantages of Bitcoin and Ethereum into a single chain. With the addition of smart contract execution and DApps, Qtum is based on Bitcoin’s UTXO transaction architecture.
The project offers a variety of tools for creating decentralized applications and blockchains, as well as a multi-wallet environment.
The blockchain’s native coin, QTUM, is used to pay for the execution of smart contracts.
Who Are the Founders of Qtum?
The Qtum Foundation, a non-profit company based in Singapore that creates and maintains the software, was established in 2016 and launched by Qtum.
The initiative’s founder and the head of the Qtum Foundation is Patrick Dai. Lead developer Jordan Earls, CTO, and blockchain architect Neil Mahi are the other two founders.
What Makes Qtum Unique?
The first Proof of Stake blockchain using the UTXO transaction mechanism and smart contract capability was made by Qtum.
The project intends to utilize the more effective Proof of Stake consensus process while combining the security of Bitcoin with the usability of Ethereum.
This practical design strategy is made possible by the unique integration of the Decentralized Governance Protocol and Account Abstraction Layer technologies, which gives it a performance edge over other blockchains.
The Bitcoin blockchain is insufficient for Qtum since it only considers the transaction’s size when calculating the fee paid to miners.
As a result, the project uses Ethereum’s gas model, which enables refunds for unused gas after transactions.
However, Qtum anticipates that the gas price would be very different from Ethereum and therefore develops a free-market fee model where consumers and miners can both optimize operations.
How Many QTUM is in Circulation?
The 100 million QTUM coins that were initially available were all instantly created, according to the Qtum whitepaper, before the service went live.
The total quantity of QTUM is 107,822,406 QTUM coins, with 104,562,460 QTUM coins now in circulation.
Qtum token price Predictions by year 3035
Price predictions table: 2024-2035
| Year | Max Price | Avg Price | Min Price | Detailed Prediction | Factors |
|---|---|---|---|---|---|
| 2024 | $25 | $15 | $8 | Detailed Prediction for 2024: In 2024, Qtum (QTUM) could experience a maximum price of $25 as it continues to gain momentum in the blockchain space, attracting investors with its hybrid approach combining Bitcoin’s reliability and Ethereum’s smart contract capabilities. The average price is expected to stabilize around $15, driven by technological advancements and potential partnerships. Despite market fluctuations, the minimum price might remain above $8 due to strong fundamentals. | Factors influencing 2024 predictions include: 1. Momentum in the blockchain space 2. Hybrid approach combining Bitcoin and Ethereum features 3. Technological advancements 4. Potential partnerships 5. Strong fundamentals |
| 2025 | $30 | $25 | $8 | Detailed Prediction for 2025: By 2025, Qtum’s maximum price could reach $30 as it further establishes itself as a reliable platform for decentralized applications (DApps) and enterprise solutions. The average price is projected to be around $25, supported by increased adoption and potential collaborations with industry leaders. Despite occasional market corrections, the minimum price might remain above $8 due to sustained interest. | Factors influencing 2025 predictions include: 1. Establishment as a reliable DApp platform 2. Adoption growth 3. Collaborations with industry leaders 4. Market corrections |
| 2030 | $50 | $30 | $25 | Detailed Prediction for 2030: Looking ahead to 2030, Qtum’s maximum price may reach $50 as it solidifies its position as a leading platform for decentralized finance (DeFi) and enterprise-grade solutions. The average price is forecasted to stabilize around $30, driven by regulatory clarity and increased integration into traditional finance. Despite market volatility, the minimum price is expected to remain above $25, reflecting strong investor confidence. | Factors influencing 2030 predictions include: 1. Leading role in DeFi and enterprise solutions 2. Regulatory clarity 3. Integration into traditional finance 4. Market volatility 5. Investor confidence |
| 2035 | $65 | $40 | $35 | Detailed Prediction for 2035: In 2035, Qtum’s maximum price could potentially reach $65, propelled by widespread adoption of its platform in various industries and regions. The average price is expected to stabilize around $40, supported by regulatory support and mainstream acceptance. Despite market uncertainties, the minimum price might remain above $35 due to robust ecosystem development and sustained demand. | Factors influencing 2035 predictions include: 1. Adoption in various industries and regions 2. Regulatory support 3. Mainstream acceptance 4. Ecosystem development 5. Market uncertainties |
These predictions are speculative and subject to change based on various factors such as market dynamics, regulatory developments, technological advancements, and overall sentiment. Investors should conduct thorough research and consider consulting with financial experts before making investment decisions.
How is the Qtum Network Secured?
Qtum uses a different technological strategy than the ones Bitcoin and Ethereum do right now.
Qtum selected the MPoS (mutualized proof-of-stake) consensus mechanism for network security. The Proof-of-Stake 3.0 protocol has been changed.
Users are encouraged by the protocol to keep their currencies locked to facilitate and secure block validation. Staking describes this.
The right to validate a block is determined by network connectivity and random chance in a competition between coin holders that confirms each block.
Here, the block reward is constant, and the likelihood of receiving it is not based on the coin’s age like in earlier PoS protocols.
Since the incentives are distributed proportionally to the stake, the user receives more rewards the more coins are placed.
The MPoS protocol is additionally shielded from “junk contract” attacks by allocating 10% of the block reward to the miner who mined the block along with nine other miners and deferring the rest 90% of the payment by 500 blocks in the future.
The proof-of-stake algorithms, in contrast to the proof-of-work method employed in Bitcoin, are substantially less expensive to maintain, are more environmentally friendly, and can offer a significant amount of decentralization, which is the key to blockchain security.
How Can Crypto Investors Use Qtum (QTUM)?
Because of Qtum’s compatibility with Ethereum, Ethereum dApps can be quickly introduced to the network.
The various supported programming languages make the project’s technology stack accessible to mainstream developers.
The blockchain is intended for commercial usage, and because of its interoperability, it may be used to assist operations like production, logistics, planning, and systems from other partners.
When executing smart contracts and QRC-20 transactions, the QTUM token is utilized to transmit money, stake coins, and cover transaction costs.
Holders of QTUM can take part in protocol governance as well.
Where to Buy QTUM?
QTUM is a freely tradeable token that can be found on most exchanges. Currently, the top exchanges for trading Qtum are:
FAQs
- Is there a future for QTUM?
In 2026, the QTUM is expected to reach and surpass its all-time high.
The virtual currency will be valued at $15.19 in 2026, with a minimum of $13.51 and an average of $14.18.
- Qtum: Is it a blockchain?
Qtum is a public, open-source, decentralized blockchain platform.
- Is it possible to mine QTUM?
The Proof of Stake (PoS) technique underpins Qtum (QTUM).
As a result, it cannot be mined using GPUs, CPUs, or ASICs like other traditional coins. Staking is the only way to obtain QTUM.
