[#DON'T MISS]QTUM CRYPTOCURRENCY[Things you don't know]
[QTUM CRYPTOCURRENCY]
It's a long time I haven't posted any article on cryptocurrency. Maybe the external world has impacted me, Bitcoin is going down and so am I :).Guys, how many of you have invested in cryptocurrency list shared by me?.In case you are planning to invest in cryptocurrency please do read at least some of the article shared by us.
I can say with hundred percent confidence that these article has helped at least thousand of readers to date and will definitely help you as well.Cryptocurrency ecosystem is still in the nascent stage.This year is very important from cryptocurrency point of view.Some of the countries are accepting cryptocurrency while others are not very keen to accept it.Without naming any bank, I would like to say that some of them are restricting the people from buying Bitcoin or other cryptocurrencies using their credit cards.I hope and pray to almighty that cryptocurrency wins the fight for its survival.
Let's get back to today topic.We are going to discuss QTUM cryptocurrency in detail.I will try to cover almost everything related to QTUM in the best possible way.
- What is QTUM and how does it work?
- How to buy QTUM cryptocurrency?
- QTUM ICO.
- QTUM Future.
- QTUM Team.
[What is QTUM and how does it work?]
QTUM can be defined as blockchain technology and cryptocurrency This project is being developed by QTUM foundation, a Singapore based company.Mr. Patrick Dai is the CEO of the company.QTUM is built upon UTXO transaction model and employs a proof-of-stake consensus mechanism, a more practical approach towards business adoption.QTUM aims to build the unnoticed gap between business world and the blockchains.
The specification of QTUM cryptocurrency, as shown above, gives you the glimpse of basic information.Moving further let's put some light on some additional features.
- QTUM supports Bitcoin improvement protocol.
- QTUM possess the ability to create smart contracts that communicate with Oracle and trusted data feeds.
- QTUM gives your smart contracts more functionality and usability.
- Qtum supports the SPV protocol.
- For smart contract usage, QTUM is planning to adopt additional virtual machines.
If we talk in layman language, QTUM blockchain operates in a similar manner as does Ethereum but possess a different infrastructure.
If you ask me "What is QTUM?", then, according to me It's a hybrid of Bitcoin and Ethereum and takes the best part of both to bring to us a blockchain which is unmatchable.
Let's understand it better with this video.
[How to buy QTUM cryptocurrency?]
QTUM is a superlative project and quite a few cryptocurrency exchange support its transaction.I am mentioning the exchange along with the supporting pair for better clarity.
Binance: QTUM/BTC, QTUM/ETH
KuCoin:QTUM/BTC, QTUM/NEO
Bittrex: QTUM/BTC, QTUM/ETH
When I am writing this article, QTUM is trading at $33.03 with an increase of 2.89 percent.QTUM has a decent market capitalization with a good portion of total supply into circulation.
QTUM will always reward its miners and the current block reward is 4 QTUM.Can you guess the number of QTUM block generated every day?It's almost 2900 QTUM block generated every day and it takes almost 2 minutes to generate a single block.Since QTUM will always reward the miner so in theory, the total amount of supply will keep increasing leading to inflation.A very important point to note here is that the rate of inflation will diminish over time as the reward is fixed to 4 QTUM/block.
QTUM staking is an important aspect of this article and we will discuss the question related to it.
Seriously, I am impressed by the QTUM success in engaging with the developer community.The team of QTUM is focusing on the fundamentals, hosting hackathons, doing workshops, building grassroots support for the platform.QTUM has an ocean of developers because of its compatibility with Ethereum. Porting a dapp from Ethereum to QTUM is relatively simple and would allow devs to tap into the mobile dapp ecosystem. Even though QTUM has been around 1/24 as long as NEO it already has more Dapp/smart contract development which is incredible. Devs are choosing QTUM, it's just other coins have more appealing marketing in the west from the viewpoint of uninformed investors; thus, they have higher valuations even though the fundamentals don't justify it.
Conclusion-Invest in QTUM.
QTUM will always reward its miners and the current block reward is 4 QTUM.Can you guess the number of QTUM block generated every day?It's almost 2900 QTUM block generated every day and it takes almost 2 minutes to generate a single block.Since QTUM will always reward the miner so in theory, the total amount of supply will keep increasing leading to inflation.A very important point to note here is that the rate of inflation will diminish over time as the reward is fixed to 4 QTUM/block.
QTUM staking is an important aspect of this article and we will discuss the question related to it.
- How can we stake QTUM?
- How does QTUM staking work?
- How will I know that QTUM staking is working?
- Will I continue to stake in case my computer is switched off due to any reason?
- What is the best possible way to stake QTUM?
Before coming to the question, Can anyone tell me 'what is staking?'.Any guess?
Staking can be defined as earning interest for the coins you hold.In other words, we can say staking is the reward you receive by supporting network by holding coins and running a node.
[How can we stake Qtum?]
Staking is one of the easiest things to do in the cryptocurrency world.
- Send QTUM to the wallet.
- Wait for 500 blocks to the transaction.
- Let it get matured and then only start staking.
- Last but not the least, keep wallet running.
[How does QTUM staking work?]
- Every transaction sent to a QTUM wallet takes 500 blocks to “mature”.After maturing only staking starts.
- The total number of staking QTUM is the network weight.
- Always remember larger the weight, the lower the probability.
- Every 2 minutes, a QTUM block is set to be mined.
- The best part is each block rewards its miner with not only 4 QTUMs but also the fees in the transactions within the block.
- In case, an unspent transaction in wallet mines a block, it is considered to have been “staked” and thus has no chance to mine a block for the next 500 blocks.
[How will I know that QTUM staking is working?]
GUI Version of QTUM core (v0.14.3) wallet:
Look for the lightning symbol present at bottom right.
Symbol=Hollow, Wallet is NOT staking.
Symbol=Filled, Wallet is staking.
In case you are using QTUM core (v0.14.3) wallet command line tool, then firstly you need to run the command getstakinginfo
Return value contains Staking=FALSE, then Node is NOT staking.
Return value contains Staking=TRUE, then Node is staking.
[Will I continue to stake in case my computer is switched off due to any reason?]
A BIG NO! To participate in Stake of Proof, your computer needs to be turned on.
[What is the best possible way to stake QTUM?]
Raspberry Pi Computer is the best choice.In case you want to know in detail about it please read this article.
[QTUM ROADMAP]
[QTUM ICO]
[All you need to know about QTUM team]
- QTUM is an important project which aims to be a bridge between Bitcoin and Ethereum.
- QTUM team comes from the communities of Bitcoin and Ethereum.
- QTUM team also have members from companies like Alibaba, NASDAQ, Baidu etc.
Patrick Dai- Co-Founder
Neil Mahi-Blockchain Architect.
Jordan Earls-Core Developer
and so on........
[QTUM FUTURE]
QTUM is having a great future.The core team is extremely talented with a rich experience in technology.As we all know QTUM is trying to bridge a gap between Bitcoin and Ethereum and if QTUM is successful in doing so then definitely it will create a blue ocean for itself.In fact, it's too early to say anything.Let's wait and watch.I believe QTUM is a coin which should be held for a long time.
Seriously, I am impressed by the QTUM success in engaging with the developer community.The team of QTUM is focusing on the fundamentals, hosting hackathons, doing workshops, building grassroots support for the platform.QTUM has an ocean of developers because of its compatibility with Ethereum. Porting a dapp from Ethereum to QTUM is relatively simple and would allow devs to tap into the mobile dapp ecosystem. Even though QTUM has been around 1/24 as long as NEO it already has more Dapp/smart contract development which is incredible. Devs are choosing QTUM, it's just other coins have more appealing marketing in the west from the viewpoint of uninformed investors; thus, they have higher valuations even though the fundamentals don't justify it.
Conclusion-Invest in QTUM.
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