How to Buy QTUM
QTUM is a blockchain technology that blends smart contracts from Ethereum (ETH) with the stable blockchain of Bitcoin (BTC) with verification provided by proof-of-stake. By combining these elements together, QTUMs goal is to simplify blockchain technology use for businesses.
Currently, blockchain technology is not accessible to all businesses. By establishing an easy to use platform that can be used with BTC and ETH blockchains, QTUMs mission is to make it possible for all businesses to develop smart contracts and mobile applications. Additionally, QTUM hopes to allow all organizations to develop their own coins, make supply chain management systemized, and take part in agreements that are self-actionable in an environment that is standardized.
What is QTUM?
QTUM is a blockchain technology that is based in Singapore. It’s an open-source, decentralized platform that attempts to take advantage of Bitcoin’s success while at the same time competing with both the smart contract and decentralized application market. The goal of this technology is to make it easier and safer for businesses to use smart contracts by allowing them to benefit from BTCs secure blockchain and ETHs smart contracts.
The code used by QTUM is based on BTCs blockchain technology; however, layers have been added to this blockchain to enable the virtual machine of ETH to make smart contracts operable on top of BTC. These modifications allow QTUM to benefit from new advances in both BTC and ETH while allowing ETH-built smart contracts to be easily transported.
QTUM was developed to allow organizations to make use of smart contracts. The intention is to simplify the switch from legacy systems amongst established companies to solutions that are based on the blockchain, thereby improving automation and reducing costs. For example, with QTUM, a business could develop its own cyber coins that could be used to command the products and services that are offered.
QTUM blends together the secure protocol used by BTC with the ETH-based virtual machine. These two elements combine via the QTUM Account Abstract Layer by transporting code between ETHs virtual machine and BTCs core. This combination enables developers to establish and complete smart contracts. In other words, QTUM is an easy to use platform that businesses can use to develop and make use of smart contracts safely and at rapid speed, both on mobile devices and on desktops.
As opposed to the proof-of-work algorithm protocol, QTUM uses a proof-of-stake algorithm. With this protocol, instead of being mined, and blocks are forged, transaction fees and block rewards are offered. Furthermore, developers are given a percentage for the total funds they stake.
Where to Buy QTUM
QTUM can be purchased at several online cryptocurrency exchanges. Some of the most popular exchanges where it can be purchased include:
The majority of QTUM purchases and sales take place via the ZB exchange.
Why Buy QTUM
The mission of QTUM is to become adapted for mainstream use in the business world. While it has yet to achieve that goal, and if it does, it needs to establish that it is a usable platform for businesses, given the fact that there is a large list of high-profile, credible advisors and backers, it is likely that QTUM will achieve its goal. If it does, it is believed that the value of QTUM will soar.
At the time of writing, the current price for QTUM was $2.59 USD and the market cap was $248.66 million USD.
How to Sell QTUM
QTUM coins can be sold for other crypto coins, including ETH and BTC. In order to sell QTUM, use the following steps:
- Create an account on the altcoin exchange
- Fund your altcoin account with QTUM tokens
- Sell QTUM tokens for crypto coins that can be sold for fiat currencies, such as BTC or ETH
- Sell the crypto coins that you purchased with QTUM tokens for a fiat current, such as Euros or US dollars
- Withdraw the fiat currency from your altcoin exchange account to your bank account
Which Wallets Can I Use for QTUM?
Several wallets can be used to store QTUM tokens. Some of the most popular wallet options include:
- QTUM Core wallet
- Ledger nano
- QTUM Electrum