The two biggest contenders on the crypto market by both market cap and overall popularity currently are Bitcoin and Ethereum, but despite all their advantages, just like everything, they have their downsides. The platform we are looking at today - Qtum - as well as its coin (QTUM) aim to address these problems by combining and utilizing the aforementioned coins’ strong suits to its advantage while simultaneously bringing something new to the table.
Qtum (or ‘Quantum’) is an open-source and proof-of-stake based public blockchain platform founded in 2016 with its mainnet being launched in September 2017. It employs Bitcoin’s UTXO (Unspent Transaction Output) model to provide its users with security and transparency and makes use of Ethereum’s DApp (decentralized application) capabilities. Additionally, Quantum utilizes a multitude of virtual machines, the most notable ones of which include the x86 virtual machine and the Ethereum VM, the security aspect of which is backed-up by the UTXO model.
As mentioned previously, Qtum’s goal is to tackle the issues of Bitcoin and Ethereum, which, as they see it, lie in their governance, interoperability, as well as the high cost associated with the proof-of-work mechanism. Therefore, there are a few things that set QTUM apart from other coins, which include:
Decentralized Governance Protocol (DGP). This allows for the modification of certain key blockchain parameters via smart contracts.
Abstract Account Layer (AAL). This is the technology that meshes Bitcoin’s UTXO layer with Ethereum’s VM layer, in which the AAL acts as the bridge between them. This allows for the development of Dapps and turing-complete smart contracts.
A large array of QTUM-supporting wallets; the largest PoS peer-to-peer network; the ability to create QRC-1155 NFTs, and others.
These act as the greatest contributors to the coin’s unique value and the focal points of its attractiveness as a cryptocurrency.
The Quantum coin price and the Qtum cryptocurrency itself are available on a large number of exchanges and platforms, be it for fiat money or other cryptocurrencies. One such platform is WunderTrading.
WunderTrading is a platform where you can both keep up with the Quantum cryptocurrency price and use its various features and tools to optimize your trading experience as a whole, a great example of which is copy trading crypto - a tool that allows you to copy the trades of professional traders. Additionally, a fully-customizable tradingview bot, which can be further enhanced with trading bot crypto alerts and commands, can nearly fully automate your trading transactions.