What Is Qtum (QTUM)?
Qtum (pronounced ‘“quantum”) is a proof-of-stake (PoS) smart contract open-source blockchain platform and value transfer protocol. It aims to bring together the strengths of Bitcoin and Ethereum in one chain. Qtum is built on Bitcoin’s UTXO transaction model, with the added functionality of smart contract execution and DApps. Recently, the platform added support for DeFi applications. As of March 2021, there are more than 20 tokens created on the Qtum blockchain.
To learn more about this project, check out our deep dive of Qtum.
The project was announced in March 2016 and held an ICO a year after, in March 2017, which brought its founders $15 million USD. The Qtum main chain was released on Sept.13, 2017. Initially, the Qtum coin was issued as a ETH-20 token, but with the launch of the mainnet, it was converted to native blockchain.
Who Are the Founders of Qtum?
Patrick Dai is the project’s founder and the chairman of the Qtum Foundation. He studied computer science in Draper University and then dropped out of PhD from the Chinese Academy of Sciences. He started his career as a product manager at Alibaba and then worked on a series of blockchain projects, including Factom, Vechain, Bitse Group and Meilink before starting Qtum in 2016.
The other two co-founders are the CTO and blockchain architect Neil Mahi and lead developer Jordan Earls.
Many of the team members listed on the Qtum official website seem to not have an active Linkedin page or a Github profile. It is confirmed though that Qtum has several high-profile backers, including the Bitcoin.com’s Roger Ver and Jeremy Gardner, an early crypto investor turned skincare professional, co-founder of Augur and EIR in Blockchain Capital.
Qtum Price Prediction
If you’re looking for Qtum price predictions for 2022, 2023, 2024, 2025, 2030 and want to know where the prices of Qtum (QTUM) will go in the future? We will analyze the past prices of Qtum (QTUM) and will found out what experts are saying about its future price actions.
Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.
Not to mention predicting something so perfect is completely impossible. But we will try our best. Let’s start.
|Year||Minimum Price||Average Price||Maximum Price|
|USD Price||$ 6.14|
|24h Volume||$ 84,882,167|
Qtum (QTUM) Price Prediction
At reconshell.com we predict future Qtum price predictions/QTUM forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of Qtum. We do our best to collect maximum historical data for the QTUM coin which include multiple parameters like past price, Qtum marketcap, Qtum volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
Qtum Price Prediction 2022
According to our deep technical analysis on past price data of QTUM, In 2022 the price of Qtum is predicted to reach at a minimum level of $8.17. The QTUM price can reach a maximum level of $10.08 with the average trading price of $8.47.
Qtum Price Prediction 2023
The price of Qtum is predicted to reach at a minimum level of $12.21 in 2023. The Qtum price can reach a maximum level of $14.28 with the average price of $12.55 throughout 2023.
QTUM Price Forecast for 2024-2025
As per the forecast price and technical analysis, In 2024 the price of Qtum is predicted to reach at a minimum level of $17.25. The QTUM price can reach a maximum level of $21.26 with the average trading price of $17.88.
The price of 1 Qtum is expected to reach at a minimum level of $25.52 in 2025. The QTUM price can reach a maximum level of $30.02 with the average price of $26.23 throughout 2025.
Qtum Price Prediction 2026
Qtum price is forecast to reach a lowest possible level of $37.81 in 2026. As per our findings, the QTUM price could reach a maximum possible level of $44.47 with the average forecast price of $38.86.
Qtum Price Prediction 2027
According to our deep technical analysis on past price data of QTUM, In 2027 the price of Qtum is forecasted to be at around a minimum value of $53.97. The Qtum price value can reach a maximum of $66.21 with the average trading value of $55.91 in USD.
Qtum (QTUM) Price Prediction 2028
The price of Qtum is predicted to reach at a minimum value of $75.14 in 2028. The Qtum price could reach a maximum value of $93.11 with the average trading price of $77.38 throughout 2028.
Qtum Price Prediction/Forecast 2029
As per the forecast and technical analysis, In 2029 the price of Qtum is expected to reach at a minimum price value of $108.57. The QTUM price can reach a maximum price value of $131.78 with the average value of $112.44.
Qtum (QTUM) Price Prediction 2030
The price of Qtum is predicted to reach at a minimum value of $157.29 in 2030. The Qtum price could reach a maximum value of $189.66 with the average trading price of $161.79 throughout 2030.
Qtum Price Prediction 2031
Qtum price is forecast to reach a lowest possible level of $221.85 in 2031. As per our findings, the QTUM price could reach a maximum possible level of $278.89 with the average forecast price of $228.33.
What Makes Qtum Unique?
Qtum is a general purpose blockchain that tries to address four issues its founders found most problematic in BTC and ETH blockchain platforms: interoperability, governance, rigidity and costliness of proof-of-work mechanism and difficulty of connecting smart contracts with real life applications. The Qtum blockchain has two unique technologies that aim to solve that: Account Abstraction Layer (AAL) and Decentralized Governance Protocol (DGP).
The Account Abstraction Layer integrates the UTXO (Unspent Transaction Output) account layer inherited from Bitcoin with the smart contract layer, inspired by Ethereum. It allows users to build applications and host them on virtual machines, including the Ethereum Virtual Machine (EVM), and the x86 virtual machine. It also supports i686 instruction set and several programming languages like C, C++, Rust and Python, which makes it very easy to adopt existing apps and compile for Qtum. Not only does it allow turing-complete smart contracts, Qtum also plans to integrate common programming libraries in the form of smart contracts.
The Decentralized Governance Protocol allows smart contracts to change the core parameters of the network such as block size and gas fees without ever needing to hard fork the blockchain, which may save a lot of trouble as the network is evolving. Miners (stakers), developers and QTUM holders within the entire ecosystem are involved in blockchain governance through voting, and the blockchain can realize self-management, upgrades and iteration.
How Many Qtum (QTUM) Coins Are There in Circulation?
According to the Qtum whitepaper, the initial supply of QTUM coins was 100 million, all of which were minted instantly before the project went online. 51 million coins were sold to the public through an ICO process in March 2017. Over that, 8 million coins went to the early private investors and 12 million were allocated to the project team with a four-year lock-up. The rest is controlled by the Qtum Chain Foundation, a non-profit company registered in Singapore, which will receive it in four parts by March-2021. These are 20 million coins allocated for business development purposes and 9% for academic research and promotion.
The coin supply is not fixed, new tokens can be mined with block reward halving every four years from the initial block reward subsidy of 4.0 QTUM per block, going through seven halvings to eventually reaching zero by year 2045, when the maximum supply will reach 107,822,406 QTUM.
How Is the Qtum Network Secured?
The technical approach to Qtum is not the same as Bitcoin and Ethereum currently use. Qtum chose the MPoS (mutualized proof-of-stake) consensus mechanism for network security. It is a modified version of Proof-of-Stake 3.0.
The protocol incentivizes users to keep their coins locked to facilitate and secure the block validation. This is called staking. Confirming each block is a competition between coin holders, where based on connectivity to the network and random chance they get to right to validate the block. Unlike the early PoS protocols, here the block reward is constant and does not depend on coin age for determining the likeliness of getting it. The rewards are spread proportionally to the stake, so the more coins are staked, the more reward the user gets. On top of that, the MPoS protocol is protected against “junk contract” attacks by splitting 10% of the block reward between the block producing miner and nine previous miners and delaying the remaining 90% by 500 blocks in the future.
Unlike the proof-of-work mechanism used in Bitcoin, the proof-of-stake algorithms are significantly less costly to maintain, are more environmentally friendly and can provide a great deal of decentralization, which is the cornerstone of blockchain security.
Where Can You Buy Qtum (QTUM)?
QTUM is a freely-tradable token, available on most exchanges. Pairs available for trading include Bitcoin and altcoins, stablecoins and fiat money.
The top exchanges for trading in Qtum are currently Binance, Huobi Global, OKEx, HBTC and Hydax Exchange. You can find others listed on our crypto exchanges page.