QTUM update: QTUM Live price, price chart, news and markets

The QTUM price update as of now is $2.31. In the previous 24 hours, its trading volume was $44,689,058, and its value has increased by 2.85%. As of now, QTUM's live market cap is $243,701,612, and it is ranked as the #197 on the Coincu. QTUM has a circulating supply of 105,617,575 and a maximum supply of 105,617,575.

Exploring the Unique Aspects of Qtum

Since the emergence of Bitcoin, blockchain technology has undergone significant evolution. Numerous Layer 1 platforms have surfaced, each with their own distinctive innovations deviating from Bitcoin's original model. However, Qtum stands out by amalgamating the best features of Ethereum and Bitcoin, resulting in a one-of-a-kind architecture. In this article, Binance Academy will delve into the remarkable characteristics that make Qtum a captivating project.

An Introduction to Qtum

Qtum is an open-source public blockchain platform that leverages the security of UTXO (Unspent Transaction Output) while also enabling multiple virtual machines, including the Ethereum Virtual Machine (EVM). Qtum is based on Proof-of-Stake (PoS) and incorporates a Decentralized Governance Protocol (DGP), which allows specific blockchain settings to be modified through smart contracts. For instance, the block size of Qtum can be increased without necessitating a hard fork.

The Key Features of Qtum

The Project's Objective

Qtum aims to be a hybrid blockchain application platform. Its core technology combines a modified version of Bitcoin Core, an Account Abstraction Layer supporting various virtual machines (including the EVM), and a Proof-of-Stake consensus mechanism. This amalgamation enables the utilization of blockchain technology across diverse industries, facilitating the execution of Smart Contracts and Decentralized Applications on a familiar platform. The Account Abstraction Layer acts as a bridge between the EVM model and Bitcoin Core's UTXO model. Additionally, Qtum will introduce Oracles and Datafeed features to facilitate the creation of Smart Contracts based on trusted sources.

Revolutionizing application database storage is one of Qtum's key goals. Rather than relying on centralized storage on a single server, applications running on the Qtum platform will be stored in databases on the blockchain.

Distinctive Selling Points

A Blockchain Platform Ready for Business

Qtum provides a business-friendly smart contract platform that offers a standardized, stable, and secure development environment. This enables developers to easily code, deploy, and execute smart contracts.

A Credible Decentralized Application Platform

Qtum serves as a decentralized application platform that is compatible with existing blockchain infrastructure. It is designed to be modular, allowing for the integration of new technologies as they emerge.

Enterprise Blockchain Solutions

Qtum also offers customized solutions for enterprise clients, catering to their specific needs and requirements.

The Unique Value of Qtum