Qtum (pronounced “Quantum”) is a cryptocurrency and a blockchain technology which is intended to ease the interoperability of the main cryptocurrencies like Bitcoin, Ethereum and others, including improving the security of smart contracts and reducing the difficulty involved in them.
Qtum is being handled by the Qtum Foundation founded by Patrick Dai and based in Singapore. Its primary objective is to assist businesses in building decentralized applications. To be precise, their focus is in building solutions that mobile devices can execute, ensuring that the devices are attuned with chief blockchain ecosystems in existence.
To make their applications more reliable, Qtum puts together a somewhat changed version of the Ethereum Virtual Machine and an altered Bitcoin Core infrastructure in creating their applications. What businesses get at the end is a trustworthy Bitcoin blockchain added together with smart contract technology as well as Ethereum’s important technical qualities. This ensures interoperability, modularity and stability.
Qtum price fluctuations in the last half a year
Historical data available on coinmarketcap.com shows that, like any other cryptocurrency or altcoin, the price of Qtum has remained volatile in the past six months. For instance, the digital coin opened trading on 18 January 2018 at $36.05 and closed at $37.37, witnessing a low of $34.23 and a high of $39.91. It also opened trading on 7 January 2018 at $94.06 and closed at $85.77, reaching an all-time high of $105.41 USD.
Going back memory lane, you see that on 11 January 2018, the price of the cryptocurrency was $53.65 USD while on 12 January, it was $46.01 (down by $7.64 USD) and then rose again on the 13 January to $50.45 USD. Another example of its volatility was seen on 24 October 2017, when it started trading at $9.96 and closed at $10.76 after rising to $11.64 midway. This simply implies that nobody can predict with certainty what the price of the coin could be in the next minute. Traders, therefore, must trade with caution at any given time to avoid unnecessary loses. It’s imperative to study market trends conscientiously before placing any trade.
Qtum’s market value
As at 19 January 2018, Qtum is ranked number 18 on the CoinMarketCap table, with a unit price of $41.46 USD per coin, putting it on the list of the top 20 most capped cryptocurrencies at the moment. Investors’ confidence on this coin and their willingness to invest their money in the project has been responsible for its tremendous growth since it was listed in May 2017.
Qtum is currently listed on major exchanges and one of those to be added recently is the IQ Option. With the addition of the IQ Option, Qtum has further broadened its coast and all IQ Option users now have access to trade the cryptocurrency on the platform.
Qtum to develop its x86 virtual machine and expanded Network
Qtum is not resting on its oasis. According to Bitcoin Magazine, the company recently entered into partnership with Baofeng in order to commence the running of its 50,000 full Qtum nodes and develop the x86 Virtual Machine, which is expected to provide multiple languages for smart contracts. You may check their whitepaper here for more information.
By the time the x86 VM is fully developed, Qtum would surely be a major force to reckon with in the area of smart contracts. With the expected improvements in security, trust, modularity and interoperability, the world is bound to witness Qtum coin with a stronger value.Trade on Qtum
NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.
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