In early February, Qtum cooperated with Spacechain to launch a satellite into space where the Qtum blockchain is located. Therefore, CubeSat is the first network node that confirms blockchain transactions in the area.
Qtum worked with Spacechain to establish a complete satellite network in space to avoid future regulatory issues. Reason for action: In 2017, China effectively banned cryptocurrency trading and ICO (public offering).
Moving the blockchain into space makes it harder for regulators to intervene. Therefore, the Qtum blockchain is more decentralized and less fragile, thus making it more secure. But what will this campaign bring to investors?
What is Qtum crypto? What makes Qtum blockchain so unique?
To answer this question, investors must first understand what the Qtum blockchain is and what the team is trying to accomplish through the project.
Singapore’s blockchain project Qtum (Qtum Foundation Pte Ltd) was started in March 2017 by blockchain experts Patrick Dai, Neil Mahi and Jordan Earls. Early investors include Bitcoin legend Roger Ver, Ethereum co-founder Anthony Di Iorio, OkCoin boss Star Xu, and BitFund founder Li Xiaolai.
The Qtum main net was launched in mid-September 2017 and currently comprises over 3,000 network nodes in over 60 countries. Qtum sees itself as the leading platform for decentralized application development (DAPP).
Qtum’s goal is to integrate the best Bitcoin and Ethereum technologies. The result is a hybrid blockchain (Qtum) that combines Bitcoin’s UTXO model with Ethereum’s virtual machine.
Since Bitcoin’s account model is different from that of Ethereum, so far, the two worlds are incompatible. However, with Account Abstract Layer technology, Qtum has built a bridge between these two technologies.
In other words, Qtum is the first blockchain-based on Bitcoin’s UTXO model and capable of executing smart contracts. Unlike the Bitcoin blockchain, Qtum does not rely on Proof of Work (PoW) procedures when verifying transactions but on energy-efficient Proof of Stake (PoS) procedures.
How is Qtum cryptocurrency different?
Like Ethereum, Qtum is a smart contract platform, so the cryptocurrency of the same name, Qtum, is used as a payment method to execute transactions and smart contracts on the Qtum blockchain.
In spring 2017, 51 million Qtum tokens were issued to investors as part of the ICO (Initial Token Offer). At the time of the ICO, Qtum has acquired over $ 15 million. Recently, nearly 74 million quantum coins have been in circulation, and the maximum number of this coin is approximately around 100 million.
Is Qtum a good investment & What can investors expect?
A new block is currently created on the Qtum blockchain every 2 minutes, which means that each block will have 4 Qtums allocated to the stakeholder. Investors can only put one qtum in the wallet and wait around 20 hours to start staking. Coins are distributed randomly; by checking the block, investors can store more coins in the wallet and unlock them for stalking.
Another determining factor for return on investment (ROI) is the network’s current weight, which is the number of investors or users currently participating. The more user there is the lower each person’s profit. Important Note: To participate, investors must always use the online wallet.
Example: If an investor currently has 100 Qtum coins in the wallet and the current network weight is 16.6 million, he can expect an average payout every 246.5 days, which equals 1.48 distributions or 6 Qtums per year. Sure. 5.9%. On average, all investors can now expect returns of 3-7% per annum.
In addition to confirming and distributing new blocks, investors can also see newly created token airdrops on the Qtum blockchain. Investors should know that Qtum is already the second-largest DAPP platform after Ethereum. Over 30 DAPPs (Energo, Qbao, Vevue, Medibloc, etc.) are currently under development on the Qtum blockchain or are already online.
Conclusion: Qtum hybrid blockchain shines in an exciting way
The idea of combining the best Bitcoin and Ethereum blockchains with hybrid blockchains become true. Developer interest in the Qtum blockchain is evident, showing that the number of DAPP projects implemented on the Qtum blockchain is steadily increasing.
With smart contract x86 virtual machine, Qtum hopes to take the next step in 2018 to expand blockchain to make it more attractive to developers. Currently, around 70 transactions per second can be processed on the Qtum blockchain, and in the future, over 1000 transactions can be processed per second on the Qtum blockchain.
With the implementation of the x86 virtual machine, Qtum will support other programming languages in the future, which will inspire the developers of the Qtum blockchain. Qtum co-founder Jordan Earls speculates that the x86 virtual machine implementation could be completed in the third quarter of 2018.
In short, interested investors wishing to invest in the blockchain environment should pay close attention to Qtum, as the project is not only one of the best teams, but also has ambitious goals. While delighted, investors should not underestimate the too high risk of investing in cryptocurrencies, as this can generate high returns and result in total losses.
Related : Pi Network & mobile app mining