$5.45
1H
0.63%$0.0341
24H
5.01%$0.2601
7D
-0.83%$-0.0456
Qtum (read Quantum) is a Chinese hybrid platform that connects the existing blockchain with a virtual machine, such as Ethereum. In the Qtum blockchain, there is an internal token – Qtum coin. It is a platform that enables developers to build applications and smart contracts on the current blockchain technology.
Focusing on building a platform that helps companies create smart contracts on blockchain, Qtum is a toolkit in the first place. Designed to be both robust and modular, the platform can create small contracts to be used on most major blockchain.
Using QTUM, network users pay nominal fees to execute transactions or smart contract operations, creating an open and permissionless financial system.
High-throughput platforms have begun to establish themselves as hotbeds for DeFi applications, including Qtum and TRON – both of which offer similar functionality to Ethereum, albeit with drastically lower fees.
The debut of QiSwap, its current partnership with Qtum, and its proposed future alliances may serve as one of the game-changers of the DeFi ecosystem.
Ethereum 2.0 which is built to work on the Proof of Stake Network has been facing delays and postponement in going live as attributed to bug fixing. The developers planned the upgrade of the proof-of-stake algorithm for June.
According to many Bitcoin proponents, crypto is bulletproof thanks to the blockchain. However, the industry’s famous players quite often have the power to influence prices and opinions.