Qtum functions as an open-source blockchain platform, known as the Qtum Chain. It is compatible with Ethereum’s EVM and uses a Proof-of-Stake consensus mechanism. Decentralization, trustlessness, permissionless, and community comprise the platform’s core principles.

QTUM is the platform’s native cryptocurrency. It has a total supply of 107,822,406 QTUM.

What are Qtum’s key features and how does it work?

The platform allows developers to launch decentralized applications. Some of its key features include:

An easily upgradable blockchain that can implement changes without undergoing hard forks.
An innovative consensus mechanism known as Mutualized Proof-of-Stake (MPos). It uses technology to avoid potential attacks by sharing block production rewards between nodes, as well as delaying payment.

Qtum also features its own wallet platform. Users can store their QTUM tokens and any QRC20 standard token. There are a variety of Qtum-built wallets available on desktop, mobile, web, as well as hardware. Each wallet has different support and functionalities to suit traders of different types. Users can also participate in staking and earn rewards or governance rights by staking QTUM.

What is noteworthy about Qtum?

The Qtum Chain uses a unique governance model that is composed of two core components: on-chain governance using DGP and off-chain governance in the form of the Qtum Chain Foundation. On-chain governance allows the participation of developers, community members, miners, and other users, besides simply token holders, in the network governance. Such users are entitled to propose and vote for on-chain proposals. This type of governance is conducted via smart contracts and the types of proposals are based on protocol upgrades, this includes modifications to network parameters and changes to management and governance seats.

The off-chain governance deals with issues related to safeguarding raised funds, sustainability of community projects, and the overall effectiveness of the management.

Where can you buy QTUM?

QTUM is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Binance, OKX, AscendEX, Huobi Global, and Crypto.com. The price of QTUM will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for QTUM market prices, please view the price charts on this page.