If you didn't update your Qtum wallet in time for the hard fork in February, it's not a problem. Simply download the new v27.1 release from Github:
We get asked this all the time, people who missed the update want to know what to do. It's simple, just make sure you backup your old wallet first in case there's any issues, and then download the new version. Once the blockchain is synchronized, everything will work.
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DigiByte reposted
Qtum
True decentralization in a blockchain project is important. It stops central authorities from blacklisting wallet addresses, rolling back the chain, or stopping transactions completely.
You can tell if a project is truly decentralized if no permission is required to validate transactions. Everyone should be allowed to operate a node, without having to hold coins or being voted for.
The community should have the choice whether or not they support updates. If they don't like the project's direction, they can simply reject future updates and run on their own fork of the project.
There's a lot more that could be added to this topic, but we'll stop here for now. Feel free to carry on the conversation in the comments.
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PatrickX reposted
Qtum
Check out the Qtum MetaMask Snap:
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Qtum
We're proud to be platinum sponsors of the @festival_web3 in Hong Kong. Day 1 was great, lots of meaningful conversations. Tomorrow we will be speaking on stage 2 about Qtum AI
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Qtum
We just arrived in Hong Kong for the @festival_web3
The show starts tomorrow, but we went early to check out the booth. Looks great!
See yalls tomorrow
The current price of Qtum is ₺83.3573. Over the last 24 hours, Qtum has decreased by -2.84%. It currently has a circulating supply of 105,627,821 QTUM and a maximum supply of 107,822,406 QTUM, giving it a fully diluted market cap of ₺8.80B. At present, the Qtum coin holds the 118 position in market cap rankings. The Qtum/TRY price is updated in real-time.
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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In the dynamic landscape of the blockchain industry, different networks offer unique solutions to address the limitations of existing platforms. While Ethereum has enjoyed significant success, it is not without its challenges. Scalability issues, high transaction fees, and delays have hindered its ability to provide seamless transactions. However, amidst the search for alternative blockchains, there are promising contenders often referred to as "Ethereum killers." Qtum (QTUM) is one such blockchain that aims to overcome these limitations and offer innovative features and improved performance.
What is Qtum
Qtum, introduced in 2016, is a unique blockchain project that merges the characteristics of Bitcoin and Ethereum to provide users with a powerful and versatile platform. Acting as a fusion of the two prominent networks, Qtum incorporates the Ethereum Virtual Machine (EVM) into a Bitcoin fork. This integration enables Qtum to leverage Bitcoin's Unspent Transaction Output (UTXO) model while harnessing Ethereum's decentralized application (dApp) capabilities.
To facilitate this amalgamation, Qtum introduced a third layer called the Account Abstract Layer (AAL), which serves as a bridge between the two blockchain networks. This innovative approach allows Qtum to deliver the best features and benefits from both Bitcoin and Ethereum.
Additionally, Qtum implements the Mutualized Proof of Stake (MPoS) algorithm, a simplified and energy-efficient consensus mechanism.
The Qtum team
Qtum was founded by Patrick Dai and a team of experienced blockchain and crypto experts, including Neil Mahi (co-founder and CTO), Miguel Palencia (COO), Brett Fincaryk (Marketing Lead), and David Jaenson (Senior Developer).
How does Qtum work
Qtum was designed with three layers: Bitcoin’s core chain, the EVM, and AAL. Qtum offers users a single and efficient account for all smart contract operations. When a smart contract is processed on the Qtum network, the AAL adds the resulting transactions to a block.
Nodes can validate transactions by staking QTUM. They are duly rewarded for their contributions to the network. The higher the stake, the higher the chances of getting picked to validate transactions.
Qtum’s native token: QTUM
QTUM is Qtum’s native token. It is a utility token that grants access to services such as smart contracts, decentralized application development, and staking.
QTUM tokenomics
According to the project’s whitepaper, QTUM has a total supply of over 100 million tokens. QTUM holders get the benefits of accessing Qtum’s core offerings.
How to stake QTUM
Qtum introduces offline and online staking. Offline staking allows QTUM holders to assign their non-staking wallets to others without necessarily giving up control of their funds. This allows them to be inactive network participants. Online staking, on the other hand, entails active participation — in other words, the validating of Qtum blocks.
You earn via three ways on Qtum: block rewards, transaction fees, and gas fees from smart contracts. Getting started is straightforward. You need to sync your PC with the Qtum blockchain, buy and hold QTUM, then lock for a period.
QTUM use cases
QTUM enables the usage of smart contracts and dApp development. It serves as a means of payment for executing smart contracts and developing and launching dApps. It can be also staked to earn rewards.
QTUM distribution
QTUM coins are distrubted as follows:
80 percent was alloted for community participants.
20 percent was reserved for the founders, early project supporters, and token development.
What is the future of Qtum
Qtum is committed to providing users with a seamless, instant, and cost-effective transaction experience. The integration of Bitcoin's core, the EVM, and the innovative third-layer protocol helps Qtum to achieve these goals. To solidify its position as a leading dApp network, Qtum recognizes the importance of continuous development. With a steadfast commitment to innovation, Qtum is poised to make significant strides in its quest to provide an unrivaled dApp network.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 318 new posts about Qtum, driven by 220 contributors, and total online engagement reached 5.9K social interactions. The sentiment score for Qtum currently stands at 53%. Compared to all cryptocurrencies, post volume for Qtum currently ranks at 0. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Qtum.
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Posts
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Contributors
220
Interactions
5,880
Sentiment
53%
Volume rank
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Posts
250
Interactions
5,463
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Qtum FAQ
What is Qtum?
Qtum is an innovative blockchain platform that combines the strengths of Bitcoin and the Ethereum Virtual Machine (EVM) while utilizing the advanced Mutualized Proof of Stake (MPoS) algorithm. As a fork of Bitcoin, Qtum inherits the security and reliability of the Bitcoin core, while also being fully compatible with the Ethereum ecosystem. Qtum aims to provide faster and more cost-effective transactions, along with seamless smart contract operations.
What are the benefits of QTUM?
QTUM offers numerous benefits to its users. Firstly, it grants access to smart contract usage, enabling the automation and execution of various operations in a secure and decentralized manner. Additionally, QTUM facilitates the development of decentralized applications (dApps), empowering developers to create innovative solutions within the Qtum ecosystem. Furthermore, QTUM holders have the opportunity to stake their funds for rewards.
Where can I buy QTUM?
Easily buy QTUM tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include QTUM/USDT and QTUM/BTC.
Currently, one Qtum is worth ₺83.3573. For answers and insight into Qtum's price action, you're in the right place. Explore the latest Qtum charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Qtum, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Qtum have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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