The constant evolution of cryptocurrencies is incredible to such an extent that a new cryptocurrency is monthly available, with new technology capable of revolutionizing a specific area, however, among all the cryptocurrencies that were launched in 2017, there is one that has called A lot of attention from people: Qtum
What is Qtum? Everything you need to know about this project
Qtum is a cryptocurrency that works together with Blockchain technology, it has a series of features that position it as the best option for business, since it is a cryptocurrency that has a focus on the business area.
This open source project has a headquarters in Singapore, its infrastructure is based on the Bitcoin Core, and Ethereum's EVM technology, due to the implementation of the Ethereum feature it is possible to make intelligent contracts with a programming language called Solidity .
Taking into account the aforementioned, it should also be noted that the Qtum project has a field of options available to give it utility, ie; that can be integrated into different systems and in this way, obtain the different benefits that Qtum has to offer, because due to its formula structured with the principles of Bitcoin and Ethereum cryptocurrencies, Qtum has the peculiarity of being able to be synchronized to devices mobile phones or even any computer that can connect to the Internet, as well as the possibility of making intelligent contracts and managing them automatically.
The cryptocurrency has a definitive amount of 100 million units available for commercialization, of which more than 70 million are already in circulation.
Is it possible to mine it?
Mining is one of the benefits that Qtum has and all thanks to the principles of Bitcoin that has this cryptocurrency, which makes it possible for the Qtum to be mined in a simple way, it is not obligatory to have a team with high technology to do the verification of block chains.
How to mine Qtum?
Qtum mining is quite complex and can be complicated to understand for new users, although this is not like mining known to many, it is quite simple, you simply have to send some Qtum to a wallet.
Once the Qtum are in the wallet, you must wait at least 500 blocks, which are generated in an approximate of 16 hours, then you must let the wallet work, and keep it in constant movement in the network.
For every 2 minutes that this asset is in your wallet, and this is making multiple transactions, 4 Qtum are generated, this result is obtained when you manage to mine 1 block of the cryptocurrency.
How is it obtained? Other ways to obtain it apart from mining
The simplest method to obtain Qtum is through the purchase or exchange by the exchange houses, whether virtual or physical, although obviously, these exchange houses must have such cryptocurrency available. Among the exchange houses that always have Qtum for exchange, the following stand out:
Bittrex
Binance
Huobi
CoinOne
Bithumb
Qualities of Qtum: Can you really replace the Bitcoin in the future?
Just as the rest of the cryptocurrencies globally have a series of positive qualities, they also have negative secondary characteristics, Qtum is no exception, however, thanks to the fact that Qtum has Bitcoin and Ethereum technology, the benefits are much more remarkable , that the negative things that this cryptocurrency has.
The most outstanding characteristic of Qtum, is the fact that it can be mined and obtained in a simple way in the market, it is available in several exchange houses, it can be traded or exchanged for another asset, as well as it can be mined in a wallet to get more Qtums, as long as the steps mentioned above are performed.
Another benefit found in Qtum's list of qualities is that it has the possibility of making smart contracts quickly and efficiently, due to the technology provided by EVM (virtual machine Ethereum).
Qtum Forecast: Is it really worth investing in this cryptocurrency?
The possibility that Qtum has to stand out in the market of cryptocurrencies is quite large, because this is already known by almost all the population that is in China and South Korea, it is expected that the rest of society accept with seriousness the cryptocurrency, since it has the appropriate feature that facilitates making smart contracts through Blockchain, without mentioning all the positive features that this cryptocurrency has.
At the beginning of the year 2018, the cryptocurrency already had an approximate value of USD 60 and it is constantly growing. Moreover, it is predicted that it will obtain stability in the market, unlike the rest of cryptocurrencies, which are extremely unstable.
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