What is QTUM crypto currency

Qtum brings the blockchain into space - what's in it for investors?

At the beginning of February, Qtum, in cooperation with Spacechain, launched a satellite into space on which the Qtum blockchain runs. The satellite (CubeSat) is thus de facto the first network node to confirm blockchain transactions in space.

In this context, Qtum also signed a partnership with Spacechain to set up an entire network of satellites in space, which is intended to prevent future regulatory problems. The reason for the action: In autumn 2017, China de facto banned the trading of cryptocurrencies and initial public offerings (ICOs).

If the blockchain is moved into space, it will become even more difficult for regulators to intervene. The Qtum blockchain is therefore more secure because it is even more decentralized and less vulnerable. But what does the campaign bring for investors?

What is Qtum and what makes the blockchain so special?

To answer this question, investors first need to understand what the Qtum blockchain is and what the team wants to achieve with its project.

The blockchain project Qtum (Qtum Foundation Pte Ltd) based in Singapore was launched in March 2017 by blockchain experts Patrick Dai, Neil Mahi and Jordan Earls. Early investors include Bitcoin legend Roger Ver, Ethereum co-founder Anthony Di Iorio, OkCoin boss Star Xu and BitFund founder Xiaolai Li.

The Qtum Mainnet was then launched in mid-September 2017 and today consists of more than 3,000 network nodes in more than 60 countries. Qtum sees itself as the leading platform for the development of decentralized applications (DAPPs).

The aim of Qtum is to bring the best of Bitcoin and Ethereum technology under one roof. The result is a hybrid blockchain (Qtum), which combines the UTXO model of Bitcoin and the Ethereum Virtual Machine of Ethereum.

Both worlds have so far been considered incompatible, as Bitcoin uses a different account model than Ethereum. However, Qtum has managed to create a kind of bridge between the two worlds of technology with the help of the Account Abstract Layer technology.

This means: Qtum is the very first blockchain that is based on the UTXO model of Bitcoin and on which intelligent contracts (smart contracts) can be executed. Unlike the Bitcoin Blockchain, Qtum does not rely on a Proof of Work (PoW) procedure when it comes to verifying transactions, but on an energy-efficient Proof of Stake (PoS) procedure.

What distinguishes the Qtum cryptocurrency?

Since Qtum, like Ethereum, is a smart contract platform, the crypto currency of the same name, Qtum, is de facto used as a means of payment to execute transactions and smart contracts on the Qtum blockchain.

As part of the Initial Coin Offering (ICO) in spring 2017, 51 million Qtum Coins have already been issued to investors, at the time of the ICO Qtum was taking in more than US $ 15 million. Most recently, almost 74 million Qtum Coins were in circulation, the maximum number of Qtum Coins is limited to around 100 million.

What can investors expect?

Currently, a new block is generated on the Qtum blockchain every two minutes, which means that 4 Qtum are distributed to the stakers per block. Investors can start staking with as little as 1 Qtum in the wallet and after a waiting time of approx. 20 hours. The coins are allocated on a random basis, with the chances of verifying a block increasing the more coins the investor holds in his wallet and releases them for staking.

Another decisive factor for the return on investment (ROI) is the current network weight, i.e. how many investors or users are currently staking. The more users stake, the lower the return for everyone. Important: For staking, the investor must always be online with his wallet.

Example: If the investor currently has 100 Qtum Coins in the wallet with a current network weight of 16.6 million, he can expect a distribution on average every 246.5 days and thus comes to 1.48 distributions or 6 Qtum per year, which corresponds to a return of approx. 5.9%. On average, every investor can currently expect a return of 3 to 7% per year.

In addition to distributions by verifying new blocks, investors can also expect airdrops of tokens that are newly created on the Qtum blockchain. Investors need to know that Qtum is already the second largest DAPP platform after Ethereum. More than 30 DAPPs (Energo, Qbao, Vevue, Medibloc etc.) are currently being developed on the Qtum blockchain or are already online.

Conclusion: hybrid blockchain Qtum shines with an interesting approach

The idea of ​​bringing the best of the Bitcoin and Ethereum blockchain under one roof with a hybrid blockchain promises potential. The interest in the Qtum blockchain on the developer side can be clearly seen, this is also shown by the steadily growing number of DAPP projects that are being implemented on the Qtum blockchain.

With the implementation of the Smart Contract x86 Virtual Machine, Qtum wants to take the next big step in 2018 and further scale the blockchain and make it even more attractive for developers. Currently around 70 transactions per second can be processed on the Qtum blockchain, in the future over 1,000 transactions per second and more should be possible on the Qtum blockchain.

With the implementation of the x86 virtual machine, Qtum will support further programming languages ​​in the future, this should inspire further developers for the Qtum blockchain. Qtum co-founder Jordan Earls assumes that the implementation of the x86 virtual machine can take place in the third quarter of 2018.

In short: Interested investors who want to invest in the blockchain environment should keep an eye on Qtum, the project not only has one of the best teams, but also very ambitious goals. Despite all the euphoria, investors should not underestimate the very high risk of investments in crypto currencies, because not only high profits, but also total losses are possible here.

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