Qtum - Combining the positives of Bitcoin and Ethereum
Can Qtum be the next big Layer 1 blockchain?
What is Qtum?
Qtum is a blockchain based on the Bitcoin codebase but adapted to support smart contract features. This way, developers can build decentralized applications (DApps) on the blockchain. It’s meant to be an architectural combination of blockchains like Bitcoin and Ethereum’s.
Why does Qtum have value?
Qtum has a growing ecosystem of DApps and DeFi protocols. It is a stable and secure blockchain since it copies the code of Bitcoin. It is also more decentralized than other competitors. It’s goal is to take some of the positives of Bitcoin (security, UTXO model) and combine it with the positives of Ethereum (smart contracts, easily deployable DApps).
What are the Pros of Qtum?
● It allows for the development of smart contracts and DApps.
● It is EVM compatible.
● The block size can be increased without hard forks.
What are the Cons of Qtum?
● Since the coin supply is not fixed, the coin is bound to inflate.
● Although the TPS is higher than Ethereum’s, it is lower than other blockchain alternatives.
What are QTUM’s tokenomics?
The coin supply is not fixed. When the project launched, there was an initial supply of 100 million. 51 million were sold in the ICO; 8 million were distributed to private investors; 12 million to the project team; 20 million were reserved for business development; and 9 million for academic research.
Who founded Qtum?
Patrick Dai, Neil Mahi, and Jordan Earls.
Who are Qtum’s investors?
Qtum has conducted 5 funding rounds, raising $17 million. The main investors are NON-fungible Chan, Hashed Distributed Global, Bo Shen, Tally Capital, Jeremy Gardner, Jason Fang, Anthony Di Iorio, Matthew Roszak, and Xiaolai Li.
Concise Crypto Grade:
B- :Qtum is another novel blockchain that is combining the security of a blockchain like the Bitcoin network but trying to give it some aspect of composability with smart contracts like Ethereum. The problem with chains like this is that unfortunately, it usually doesn’t provide the same value as the original (Bitcoin or Ethereum) and then doesn’t quite solve for the downsides to those two chains. Qtum kind of finds itself in this middle ground where it is secure and you can build out DApps that use smart contracts, but it doesn’t offer the same ecosystem, speed, or scability that Ethereum competitors offer and it just not as secure and historically significant as Bitcoin.
Where can I buy Qtum?
Binance, Bithumb, Huobi Global, Gate.io, Kraken.
What ecosystem does Qtum run on?