Buy Qtum
What is Qtum?
Qtum is a decentralised blockchain network designed to combine the security and UTXO model of Bitcoin with the smart contract capabilities of Ethereum's Virtual Machine (EVM). It aims to provide a scalable and energy-efficient platform for building applications and executing smart contracts. Qtum achieves this by merging the best features of Bitcoin and Ethereum, offering a hybrid platform suitable for smart contracts and decentralised applications .
How does Qtum work?
Qtum utilises a hybrid blockchain architecture that integrates Bitcoin's UTXO model with Ethereum's EVM through a technology called Account Abstraction Layer (AAL). This structure allows Qtum to support smart contracts and decentralised applications while maintaining high security and efficient transaction handling. Qtum operates on a Proof of Stake (PoS) consensus mechanism, which encourages decentralisation, minimises energy consumption, and reduces the reliance on physical mining hardware .
What are the potential use cases for Qtum?
Qtum supports a wide array of potential use cases across various sectors:
- Decentralised Finance (DeFi): Qtum facilitates the creation of decentralised exchanges and supports stablecoins, enhancing financial applications.
- IoT Applications: Its PoS model and EVM compatibility make Qtum suitable for energy-efficient IoT solutions.
- Enterprise Solutions: With its business-friendly environment, Qtum offers customised blockchain solutions for enterprises and has partnerships with major cloud services like Amazon Web Services.
- Governance: The Decentralized Governance Protocol (DGP) allows for on-chain and off-chain governance, enabling parameter adjustments without hard forks.
- NFTs and Token Standards: Qtum supports various token standards for NFTs and digital asset creation .
What is the history of Qtum?
Qtum was founded in 2016 by Patrick Dai, Jordan Earls, and Neil Mahi. It conducted its Initial Coin Offering (ICO) in March 2017, raising significant funds in BTC and ETH. The main network was launched on September 13, 2017. Over the years, Qtum has undergone several updates, including the major Qtum 2.0 upgrade in 2019, introducing features such as offline staking and confidential assets. The platform is backed by a global community of developers and significant venture capital support .
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Frequently Asked Questions (FAQs)
What is the current price of Qtum (QTUM)?
The Qtum price is $5.4385 AUD, representing a -0.24% from the day prior.
Where is the best place to buy Qtum (QTUM) in Australia?
The best place to buy Qtum (QTUM) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Qtum (QTUM) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Qtum (QTUM)?
The trading volume of Qtum (QTUM) is $29.0M AUD in the last 24hrs, representing a -0.24% from the day prior.
How can I buy Qtum (QTUM)?
Qtum (QTUM) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Qtum (QTUM)?
The current market cap of Qtum (QTUM) is $568.0M AUD.
Can I convert Qtum (QTUM) to cash?
Yes - With Coinstash you can convert your Qtum (QTUM) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Qtum (QTUM) are there?
The current circulating supply of Qtum (QTUM) is 105.5M.
Is Coinstash a safe place to buy Qtum (QTUM) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Qtum (QTUM) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.