QTUM (QTUM) Price

  • QTUM(QTUM)
    $3.1419
    -0.0420(-1.3197%)
    02:23:21(GMT)|Real-Time Data, Currency in USD
    • Open
      $3.1839
      Day's Range
      $3.1188- $3.2459
    • Market Cap
      $314.19 M
      Volume
      $91.20 M
    • Current Supply
      100.00 MQTUM
      Max Supply
      100.00 MQTUM

QTUMOverview

  • Proof TypePoS
  • AlgorithmPOS 3.0
  • Market Cap$314.19 M
  • Volume$133.93 K
  • Current Supply100.00 MQTUM
  • Max Supply100.00 MQTUM
  • Open$3.1839
  • Day's Range$3.1188- $3.2459

QTUMPrice

QTUM is a blockchain and cryptocurrency designed to support mobile DApps and is described as a hybrid of Bitcoin and Ethereum. The QTUM platform supports the transfer of value, as is the case with Bitcoin while supporting DApps and also smart contracts as is the case of Ethereum.

One of the big issues that the QTUM platform looks to address is a requirement for users to synchronize the entire blockchain, which fails to deliver the concept of light clients, with synchronization of the entire blockchain required.

QTUM and uses a Proof-of-Stake consensus algorithm in order to reduce energy consumption in the quantum experienced by Bitcoin and Ethereum miners. The PoS consensus means that blocks are usually forged, or minted instead of being mined, with block rewards in addition to transaction fees and forgers receive a percentage of interest for the amount of funds they stake.

QTUM is essentially a variation of Bitcoin with Ethereum Virtual Machine (EVM) compatibility.

The QTUM EVM is constantly backward compatible ensuring access for a wider number of internet users, even in low bandwidth environments, to deliver decentralizing PoS transaction validation.

With internet traffic continuing to shift towards mobile devices, QTUM aims to address lack of availability of certain blockchains and smart contracts to mobile users and users in low bandwidth areas.

In addition to giving greater blockchain access, QTUM also addresses one of Ethereum’s flaws, that being a requirement for a smart contract to be initiated from within the blockchain.

Key characteristics of the QTUM network include:

  • Account Abstraction Layer (AAL): Allows the EVM to function on the QTUM blockchain without significant modifications to the virtual machine and existing Ethereum contracts.
  • UTXO: Bitcoin’s ledger uses unspent transaction outputs, making the UTXO-based blockchain incompatible with Ethereum’s data storage, Ethereum using account balances. The issue as address with QTUM’s AAL, which converts outputs into account balances, enabling the transfer of information between the blockchain and EVM.
  • Decentralized Governance Protocol (DGP): Incorporated to solidify the governance framework and rules into contracts, ensuring that decisions are made in a democratic way when needed and to automatically complete the blockchain state management.
  • GAS Model: Taken from Ethereum, each EVM opcode executed has a price and each transaction has an amount of gas to be spent. Post-transaction remaining gas is refunded to the sender. QTUM calculates the value of gas by comparing existing prices in Ethereum with the amount of processing and blockchain resources need for each opcode to QTUM.

QTUM was launched in March 2017, co-founded by Jordan Earls, Patrick Dai and Neil Mahi, with a total supply of 100,000,000 QTUM coins and an inflation rate of approximately 1% per annum

Some distinct differences and characteristics of the QTUM Platform include:

  • The use of AAL ensures that QTUM gets to benefit from advancements made in both Bitcoin and Ethereum.
  • QTUM was developed to deliver smart contracts to a wider audience by removing proof of work consensus, addressing business concerns over miner influence on the blockchain.
  • QTUM delivers the security and stability from the Bitcoin blockchain and the easier to use programming from Ethereum.

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QTUMTechnical Analysis

Summary

BUY
  • Moving Averages
    BUY(18)
  • Indicators
    BUY(7)

Moving Averages

SIMPLEEXP.WEIGHTED
MA (5)2.76832.78192.7647
MA (10)2.83992.81872.8036
MA (20)2.87782.86802.8486
MA (50)2.99462.96502.9254
MA (100)3.11093.01923.0355
MA (200)3.02573.02573.0534
BUY0180

Trend Indicators

MACD (12,26,9)-0.0619
ADX (14)47.518
RSI (14)25.8036
Williams %R (14)-96.7914
Stochastic RSI (14)20.3693
ROC (10)-5.641
CCI (14)-108.2724
Ultimate oscillator (7,14,28)28.4719
Stochastic Fast (14)3.2086
ATR (14)0.0333
BBands (20)0.2697
BUY173

Pivot Points

names3s2s1pivotr1r2r3
classic2.75162.75332.75662.75832.76162.76332.7666
fibonacci2.75332.75522.75642.75832.76022.76142.7633
camarilla2.75372.75412.75452.75832.76542.76582.7658
woodieN/A2.06371.37742.06871.38242.0737N/A
demarkN/AN/A2.75742.75872.7624N/AN/A
names3s2s1pivotr1r2r3
classic
fibonacci
camarilla
woodie
demark

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