Qtum QTUM Price

What is Qtum (QTUM)?

Qtum: Bridging Innovations from Bitcoin and Ethereum into a Unified Blockchain

Qtum emerges as a pioneering blockchain platform that seamlessly merges the strengths of Ethereum's smart contracts and Bitcoin's robust transaction model into a single, adaptable network. It distinguishes itself with a scalable Proof-of-Stake (PoS) system, aiming to address the scalability and environmental concerns inherent in traditional proof-of-work blockchains. This amalgamation empowers developers by allowing smart contract execution and support for ERC20 tokens and NFT functionality, all within a decentralized governance framework.

At the heart of Qtum lies its unique governance model, blending on-chain governance using DGP (Decentralized Governance Protocol) and off-chain governance via the Qtum Chain Foundation. This setup enables participation from developers, community members, miners, and users in network governance, empowering them to propose and vote on essential protocol upgrades and management decisions. Qtum's Account Abstraction Layer (AAL) stands out, seamlessly integrating Bitcoin's UTXO account layer with Ethereum's smart contract functionality, making it effortless for developers to port existing applications onto Qtum, utilizing various programming languages like C, C++, Rust, and Python.

The network operates on a modified Proof-of-Stake 3.0 consensus mechanism termed MPoS (Mutualized Proof-of-Stake), ensuring security and decentralization. Stakers secure the network and validate blocks by staking their tokens, earning rewards proportional to their stake. This mechanism, contrasting with traditional proof-of-work systems, significantly reduces energy consumption while ensuring robust network security. Additionally, Qtum's decentralized governance empowers the community to fine-tune essential network parameters such as gas costs and block sizes, making it a dynamic and adaptable ecosystem.

What is unique about Qtum (QTUM)?

Qtum uniquely combines Ethereum's smart contracts and Bitcoin's transaction model, employing a scalable Proof-of-Stake (PoS) system for decentralized governance, ERC20 tokens, and NFT support, all while integrating different programming languages like C, C++, Rust, and Python.

Who are the founders of Qtum (QTUM)?

Qtum was founded by Qtum team which also includes Patrick Dai, Neil Mahi, and Jordan Earls.

Who are the backers/investors of Qtum (QTUM)?

Qtum has received backing and investment from various entities, including Hashed Fund, Kenetic Capital, Distributed Global, Draper Dragon, Bo Shen, Anthony Di Iorio, Xiaolai Li, James Sowers and Star Xu.

What is the consensus mechanism of Qtum (QTUM)?

Qtum operates on a modified Proof-of-Stake 3.0 consensus mechanism called MPoS (Mutualized Proof-of-Stake), enabling token stakers to secure the network, validate blocks, and earn rewards based on their stake.

Where can I buy Qtum (QTUM)?

You can buy Qtum (QTUM) on Binance, MEXC, BybitBitgetGate.io cryptocurrency exchanges.