Qtum (QTUM)

Qtum (QTUM)

Rank #97

$2.88

1.13%

0.0001 BTC

QTUM
USD

MARKET CAP

$300.407M

ALL TIME HIGH

$106.88

VOLUME 24H

$37.171M

CIRC. SUPPLY

104.235M

VOL/MCAP

12.00%

TOTAL SUPPLY

103.945M

DILUTED MCAP

$310.746M

MAX SUPPLY

107.822M

1H USD

0.1%

24H USD

1.13%

7D USD

1.56%

30D USD

0%

60D USD

0%

90D USD

0%

Tag:

platformsmart-contractskenetic-capital-portfolioView all

Qtum Price Chart

24h Change

1.13 %

Qtum - QTUM Profiles

Overview & History

Qtum (pronounced Quantum) is a smart contract platform that uses a Proof-of-Stake (PoS) consensus mechanism to validate transaction blocks and provide security assurances. It combines different aspects of the Ethereum and Bitcoin blockchains. Qtum uses Bitcoin core as the base of its network for security and stability reasons and, therefore, operates via a UTXO model. The project also integrated Ethereum's virtual machine (the EVM) so the chain could run Turing complete code needed to support smart contracts, and thus decentralized applications (dApps). Qtum's stack features a middleware layer, dubbed the account abstraction layer (AAL), to ensure the UTXO set was compatible with the smart contract execution layer. Qtum's native token (QTUM) allows users to pay transaction fees, participate in network security, and vote on protocol upgrade proposals.

History

Qtum's roots

Qtum (pronounced Quantum) was founded by Patrick Dai, Neil Mahi, and Jordan Earls. Prior to founding Qtum, Patric was a member of the Alibaba team while Neil Mahi came in with 20 years of software development experience. Both founders had spent multiple years working with cryptoassets before pursuing Qtum.

Marrying aspects of Bitcoin and Ethereum

Qtum aims to harness the best attributes of the Bitcoin and Ethereum blockchains to create a smart contracting platform. The protocol uses the Bitcoin core code as its base for security and stability reasons. Since Bitcoin does not support Turing complete smart contracts, Qtum integrated Ethereum's virtual machine (dubbed the Ethereum Virtual Machine or EVM) to make the network capable of running decentralized applications (dApps). It also has plans to integrate additional virtual machines, namely the X86 VM, to support smart contract programming languages beyond Solidity.

The combination of Bitcoin and Ethereum attributes creates a compatibility issue. Bitcoin uses a UTXO model to track coin ownership, while Ethereum (like most other protocols sporting virtual machines) employs an account-based model for simplicity. The Qtum tech stack, therefore, contains a conversion layer, called the account abstraction layer (AAL), in between Bitcoin code and the EVM to ensure UTXO and virtual machine compatibility.

PoS consensus and on-chain governance

Qtum opted to use an adaptation of Blackcoin's Poof-of-Stake (PoS) model as its consensus mechanism. The team believed Proof-of-Work (PoW) blockchain protocols suffered from categorical scaling limitations that PoS could help alleviate. Qtum also has an on-chain governance system (aka Decentralized Governance Protocol or DGP) to pass on decision-making responsibilities to token holders. Network parameters up for discussion include block size and base gas fee, among others. In addition to the on-chain governance system, the Qtum Foundation plays a central role in the development and promotion of the Qtum blockchain.

People

We found 10 people related to qtum-qtum, include Wenbin Zhong

Organizations

We found 1 organizations related to Qtum has Qtum

Qtum

Qtum

2013
Chicago, Illinois, United States
About

Qtum is an open sourced public blockchain platform, leveraging the security of UTXO while enabling multiple virtual machines including EVM and the revolutionary x86 VM. Qtum is PoS based and boasts a Decentralized Governance Protocol (DGP) allowing specific blockchain settings to be modified by making use of smart contracts. For instance, the blocksize of Qtum can be increased without the need of a hard fork. Qtum is a global project that aims to be the bridge between the Bitcoin and Ethereum communities, the real world and blockchain world. Therefore it only makes sense that the Qtum team comes from both the Bitcoin and Ethereum communities as well traditional companies like Baidu, Alibaba, Tencent, NASDAQ and more. The Qtum project is proud to be backed by some of the most notable blockchain players, traditional Venture Capitalists, and executives from some of China’s largest technology companies.

Highlight

Funding Rounds:

4

Total Funding Amount:

$ 17M

Individuals Investors:

0

Organizations Investors:

5

Funding Rounds

Qtum has raised a total of $17M in funding over 4 rounds. Their latest funding was raised on December 19, 2018 from a Grant - Qtum round.

Announced Date
Transaction Name
Number of Investors
Money Raised
Lead Investors
December 19, 2018
Grant - Qtum
$400K
March 17, 2017
Initial Coin Offering - Qtum
1
March 17, 2017
Initial Coin Offering - Qtum
2
15600000
January 11, 2017
Seed Round - Qtum
9
$1M
Investors
Qtum Price Live Data

QTUM Price

$2.88

Trading Volume

$37.17 M

All Time High

$106.88

1hour Change

0.10%

24hours Change

1.13%

24hours Range

1.13%

24hours Low

$7.26

24hours High

$7.53

Liquidity ±2%

$102,607.26 B

Bids -2%

$10.26 M

Asks +2%

$9.74 M

Market Cap

$300.41 M

Fully Diluted Market Cap

310.75 M

Circulating Supply

104.24 M

Total Supply

103.94 M

Max Supply

107.82 M

Qtum Markets

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