Qtum (QTUM)The exchange rate of one QTUM at 14:35 UTC is 3.618$
The Qtum digital currency is relatively young, but rapidly progressing in the cryptocurrency exchange market. It combines the positives of cutting-edge brands like Bitcoin and Ethereum. It is rare to find such a stable and reliable coin mining platform.
General characteristics of Qtum
Qtum is considered a relatively young, but constantly developing currency on the exchange, as evidenced by the frequent change in the price chart. The development of this platform was carried out by Chinese developers. The creation of such a complex hybrid is justified: there is an introduction into various fields of activity, the creation of new smart protocols and applications.
17 people with vast experience worked on the platform, led by Patrick Dai, a world-famous specialist in cryptocurrencies. The company is established with a board of directors and persons responsible for the activities of the platform.
Although the firm does not pursue commercial gain, it has influential investors, including Anthony Di Iorio, Star Xu, Xiaolai Li and Bo Shen. The total investment is more than $1 million. As we can see, the approach to the development of the currency is serious, and the tasks are high. If they are met, then Qtum will be comparable in price to its predecessor currencies.
The authors of the cryptocurrency used advanced scripting languages from Bitcoin, which gave many ways to implement the launch of smart contracts based on UTXO.
Qtum is still actively developed, but is based on:
* virtual machine (VM) of the Ethereum cryptocurrency;
* UTXO and Bitcoin blockchain;
* personal network ALL, which is creating synchronization in work.
Chinese developers decided to develop their digital currency in the direction of Bitcoin. And for good reason, because the platform turned out to have an advanced level of security. The aforementioned UTXO protocol gives 100% confidence in the absence of fraud or duplication: all contracts and agreements remain unchanged. It is not possible to suddenly cancel the procedure or replace the terms of the transaction, which makes Qtum a cut above other cryptocurrencies.
The PoS protocol with Ethereum virtual machine makes it possible to abandon routine work, such as cryptocurrency mining, thereby simplifying the work and verification of monetary transactions.
According to the creators, AAL performs an important function for the platform in creating synchronous work between the blockchain and the virtual machine. The problem is that Bitcoin uses key generation to protect the information and the wallet (throwning backbreaking job for hackers). However, using such a system is inconvenient, unlike Ethereum. On this platform, there is an individual account where all information and mined money are stored. The use of such a scheme is quite simple, but the security deteriorates drastically.
In order to maintain the advanced level of security of Bitcoin and create a convenient use, like Ethereum, the creators have implemented the ALL protocol. Its purpose is to simulate personal accounts with access to a set of addresses from the blockchain.
Positive and negative aspects of Qtum
As mentioned before, Qtum was created by a combination of two other platforms: Bitcoin and Ethereum. Taking the best qualities from its predecessors, Qtum has almost no shortcomings:
* new and reliable platform with full control of operations and many tools;
* combination of the best qualities and protocols of Bitcoin and Ethereum;
* absolute compatibility with IoT and mobile devices;
* availability of fast mining;
* responsible approach on the part of the authors (systematic platform updates, innovations);
* easy contract creating (there are several programming languages) - even if a person does not have special knowledge in programming, but understands Ethereum, he can easily create and use smart contracts;
* active participation of users in the proposal to improve the platform.
This currency has no negative sides, only minor inconveniences that can soon be corrected by the creators.
Buying and selling Qtum
Qtum is a famous digital currency all over the world. It is currently listed on at least 149 exchanges. However, its sale is difficult: it is better to use Binance, and for exchange for others, we advise you to choose EXMO.
To buy a cryptocurrency (any, not just Qtum), you need to follow this algorithm (using Binance as an example):
1) Register on the official Binance website.
2) Find the desired currency.
3) To purchase, you need to replenish your account. On the exchange, you can easily change money both from cryptocurrency to real money (ruble, dollar, euro), and to another digital currency.
4) Go to the "Exchange" tab. However, do not rush to buy right away: study the chart when it is more profitable to buy and when it is better to sell. At the bottom, you must fill out a purchase request and select an order option.
Qtum exchange rate against ruble, dollar, euro. Cooperation
This cryptocurrency is still young on the exchange and is developing rapidly. As already mentioned, the authors combined all the positive features of Bitcoin and Ethereum in the platform.
Qtum is based on blockchain technology, which is very similar to Ethereum, has the ability to interact with Bitcoin, as well as many other development paths.
Speaking only about the exchange rate, it is better to use a currency converter and follow the graphs of changes (major changes every day). The platform is developing, improving and attracting the attention of new users. Therefore, it is not possible to talk about a specific figure now. At the time of writing the article, the following rates can be seen on the exchange:
* In relation to the ruble: 1 Qtum = 509.8651 rubles.
* In relation to the euro: 1 Qtum = 5.8388 euros.
* In relation to the dollar: 1 Qtum = 6.9119 dollars.
The popularity of Qtum did not pass by – the cryptocurrency has a partnership with the follwoing well-known platforms:
* “Amazon”
* “Oath”
* “Celer Network”
Saving Qtum
Before moving on to saving this cryptocurrency, you should purchase a special address (Qtum address). This is the main difference between Qtum and other cryptocurrencies: it does not require the creation of separate wallets to store it, because the coins will be credited to any wallet you specify. But there is one thing: the platform must support this digital currency, otherwise the transfer cannot be made.
Well-informed people often use wallets that support ERC20. However, there are many other ways to collect the currency. There are several storage options on the Internet:
* mobile devices;
* Internet version;
* PC wallet;
* hardware wallet;
* universal multi-currency wallets.
It is worth mentioning that there is also a storage by the Qtum project itself.
Many people who have cryptocurrencies use multicurrency wallets. Often, only downloading from the client's official website and installation is enough to use them. Then you can safely use the application and store the accumulated coins. However, special virtual currency storages have also been created:
* “Qtum Core”
* “Qtum Electric”
* “Ignition Mainnet”
Qtum cryptocurrency forecast
Digital currencies, due to their general rapid development, not only seriously compete with conventional money, but pose a threat of crowding them out. The main differences of cryptocurrency are cheap payments to anywhere in the world and investment income.
There are several points in favor of why it is worth investing in Qtum:
* This is an established currency, not a bubble that can burst at any moment. It can be found in many exchange markets, which gives confidence in the safety of investments.
* Low price (relative to other brands), but, as experts say, it is possible to enter the TOP-20 this year if the planned projects are implemented.
* Easy investing, so great for beginners.
These are already weighty arguments for buying a currency, even for the leaders of the cryptographic market. You can be sure that after some time it will become one of the key ones, expanding the possibilities for doing any business on the Internet.
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