What is QTUM coin? Information, Price & Outlook for QtumsteemCreated with Sketch.

What is QTUM?

Qtum is a platform aiming to become the public blockchain for businesses. Offering compatibility with established blockchains and a mobile friendly ecosystem. 

Pros:

  • The Qtum platform is already used for interesting dApps like Bodhi (BOT) and INK (INK).
  • It’s likely still undervalued considering it’s current status and the fact it can leverage Ethereum developments.
  • It’s well marketed and has a strong team.

Cons:

  • It is a massively competitive market for platforms vying for enterprise customers.
  • There is a lot of turmoil in the market and every platform could face upheaval when factoring in demands set by regulations across multiple countries if decentralised networks cross borders.

Official Videos:

Comparison:

  • Ethereum: Ethereum is a major platform allowing developers to build decentralized apps on its blockchain technology. The same is true for Lisk, Nuls, Stratis et al.

Competitors:

  • NEO
  • LISK
  • NULS
  • Neblio

2018 Market Outlook:

Value as of March 10th 2018 -  $19.45  

"Do you have a 2018 Market Prediction for QTUM? Tell us in the comments"   

Intelligentsia:

  • Founder, Patrick Dai, worked on Alibaba.
  • Advisor, Matthew Roszak, founding partner of Tally Capital and co-founder of Bloq.
  • Anthony Di Iorio, founder of Ethereum and CEO at JAXX Wallet.

Milestones:

  • January 2017, $1m USD Seed Round funding.
  • March 2017, $15.6m USD raised in Initial Coin Offering (ICO).
  • September 2017, Qtum went live.  
  • November 2017, Dennis Jia, launches CFUN Project on the Qtum Blockchain.
  • February 2018, Qtum launches first satellite node in partnership with SpaceChain.  
  • February 2018, Digital Advertising Blockchain DATx launches with Qtum. 

Roadmap:

 There are no dates on the Qtum roadmap but some of the goals for 2018 include:

  • X86 Virtual Machine added to mainnet.
  • Multiple Wallet support
  • Ledger Nano support
  • Qtum API and SDK
  • dApp store.

Supply:

  • Market Cap: $1,438,271,392 USD  
  • 24 Hours Volume: $132,166,000 USD 
  • Circulating Supply: 73,938,752 QTUM 
  • Total Supply: 100,438,752 QTUM 

Function:

  • Qtum is a hybrid platform, combining the core of Bitcoin with the Ethereum Virtual Machine. Giving developers a familiar foundation.  
  • Developments built by Bitcoin or Ethereum communities can be ported over to Qtum.
  • The Qtum team is focused on smart contracts for business applications. Thus giving legacy organizations the opportunity to move to blockchain.
  • Qtum also connects to APIs, also known as oracles that grant access to smart contract information via external devices, such as mobile.
  • Qtum also uses proof-of-stake rather than proof-of-work.

Usage:

  • You can earn Qtum by staking. To stake you need to setup a Qtum wallet and transact Qtum for it to mature on the network.
  • The platform has already been used to build:
    • SpaceChain: An open-source satellite network offering an alternate medium for data transmission, storage and development.
    • Medibloc: Utilizes the Qtum blockchain technology to make medical records secure.
    • Energo: An energy trading platform which connects energy consumers with producers in a local area smart grid.  
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