Qtum's price today is US$1.98**, with a **24-hour trading volume of $47.6 million. Over the past day, QTUM has remained stable (+0.00%). The cryptocurrency has a circulating supply of 105.71 million QTUM and a maximum supply of 107.82 million QTUM.
What Is Qtum?
Qtum is a hybrid blockchain that merges the strengths of Bitcoin and Ethereum. As an open-source public blockchain platform, it integrates Ethereum’s smart contract functionality with Bitcoin’s Unspent Transaction Output (UTXO) security model. Qtum is designed to facilitate enterprise adoption by offering a scalable, secure, and developer-friendly ecosystem.
Key features of Qtum:
- Proof of Stake (PoS) consensus for energy efficiency
- Decentralized Governance Protocol (DGP) for seamless blockchain upgrades
- Smart contract compatibility with Ethereum’s Virtual Machine (EVM)
👉 Discover how Qtum compares to other leading blockchains
A Brief History of Qtum
Founded in 2016 by the Qtum Foundation, Qtum (pronounced “quantum”) was developed by Patrick Dai, Jordan Earls, and Neil Mahl. The project raised $15 million in its March 2017 ICO, distributing 51% of its total 100 million QTM supply. The Qtum mainnet launched in October 2017, positioning itself as a platform for business-oriented decentralized applications (dApps).
How Qtum Works
Qtum modifies Bitcoin’s core code by embedding Ethereum-style smart contracts, enabling developers to build dApps while leveraging Bitcoin’s security.
Key Components:
- UTXO Model (from Bitcoin) – Ensures high security.
- Account Abstraction Layer (AAL) – Bridges UTXO and smart contracts.
- Qtum Virtual Machine (QVM) – Executes smart contracts across distributed nodes.
Unlike Bitcoin’s energy-intensive Proof of Work (PoW), Qtum uses PoS, reducing energy consumption while maintaining decentralization.
👉 Learn more about Qtum’s technical advantages
What Is Qtum (QTM) Used For?
- Network Fees: QTM pays for transaction fees.
- Governance: Token holders vote on protocol changes.
- Multi-Wallet Support: Available on iOS, Android, desktop, and hardware wallets.
FAQ
1. Is Qtum a good investment?
Qtum’s hybrid model offers long-term potential, but as with all cryptocurrencies, market volatility requires careful research.
2. How does Qtum differ from Ethereum?
Qtum combines Bitcoin’s security with Ethereum’s smart contracts, whereas Ethereum relies solely on its own blockchain model.
3. Where can I buy Qtum (QTM)?
QTM is available on major exchanges like Crypto.com, Binance, and OKX.
4. What is Qtum’s max supply?
The maximum supply is 107.82 million QTM.
5. Does Qtum support decentralized apps (dApps)?
Yes, Qtum’s EVM compatibility allows developers to deploy Ethereum-based dApps on its network.
6. Is Qtum energy-efficient?
Yes, its PoS mechanism consumes significantly less energy than Bitcoin’s PoW.
By seamlessly merging Bitcoin and Ethereum’s strengths, Qtum presents a unique value proposition in the blockchain space. Its energy efficiency, governance model, and smart contract support make it a compelling platform for developers and enterprises alike.