22.09.2018 03:08

Qtum

QTUM

$4.05

arrow_upward 14.49%

0.000599 BTC

Market Cap:

$360 128 568

Circulating Supply:

88 906 840 QTUM

Max Supply:

0 QTUM

About Qtum

Qtum Qtum (read Quantum) is a Chinese hybrid platform that connects existing blockchains with the virtual machine like Ethereum. This platform allows developers to create applications and smart contracts on the current blockchain technology. Focusing on creating a platform that helps companies create smart contracts on the blockchain, Qtum firstly is the toolkit. Designed as a reliable and modular platform, it can create small contracts that will be used on most of the major blockchains. The overwhelming majority of the development team is Chinese, although representatives of Europe are also present. The Qtum Blockchain Foundation itself was registered in Singapore in November 2016. Based on the data, presented on the Qtum website, it is not a commercial organization, and direct it's activities solely to refine and improve the project. The platform Crowdsdale was held in March 2017, with 51 million tokens sold to users through 6 exchanges, including 5 Asian and one Canadian. The purpose of the platform is to change the way that application databases are stored. Instead of a centralized method of storing the database on a single server, applications, running on the Qtum platform, will be stored in the database as transactions on the blockchain. Key points from the white paper of the Qtum project: · Proof-of-stake algorithm, so there is no mining · Anyone with any number of coins will be able to run the node, create a new block in the blockchain and get a reward for it · Chances will be the more, the more coins you hold · There is a formula by which a node calculates a hash of a new block every 16 seconds · And the more coins you have on your balance sheet, the easier you can get a successful hash If you want to know the latest information about Qtum, visit its telegram account @qtumofficial

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