Qtum Price Prediction: Going Up After Rebranding

Qtum is a cryptocurrency that is based on the Bitcoin Blockchain. It is one of the many Altcoins that are currently in existence and it is one of the most popular ones.

The Qtum Blockchain runs on a proof-of-stake consensus system which means that validators act as nodes and validate transactions. These nodes receive rewards for their efforts, which can be used to purchase Qtum coins from exchanges or other users.

Qtum was launched in March 2017 by two Singaporean brothers, Patrick and Jeremy Guo. Since then it has become one of the most successful cryptocurrencies on the market. The project has attracted over $200 million worth of investment from investors like Tim Draper, TechCrunch founder Michael Arrington and others.

In June 2017, Qtum released its mainnet version called Qtum Core 0.14.0 which included a new wallet with improved stability and security features as well as an updated mining algorithm called Proof-of-Stake (PoS) v2 (PoSv2). This algorithm allows users to mine blocks using only their wallet address instead of having to run expensive mining software such as Bitcoin miner programs or ASIC miners required by other cryptocurrencies.

How Qtum Works?

Qtum is a decentralised Blockchain platform and cryptocurrency. The main goal of Qtum is to provide a platform for decentralized applications (dApps), which will be used on the Qtum Blockchain.

The Qtum team has created a new consensus algorithm called Proof of Stake (PoS). This algorithm allows users to validate transactions without requiring expensive mining equipment or energy consumption.

Qtum uses the Ethereum Virtual Machine (EVM) as its core technology. However, it has added some improvements to the EVM including:

Smart contracts: Smart contracts with their own virtual machine, allowing developers to create smart contracts that can run applications on the Blockchain.

Interoperability: The Qtum team has built smart contract interoperability into their platform, which means that all smart contracts written in any language can communicate with each other without any problems.

Qtum has some great prospects:

Recent Developments

Qtum has some great prospect called Recent Developments. Qtum is going to be the first decentralized application (dApp) platform built on top of the Ethereum Virtual Machine (EVM). Qtum is already working on its own Blockchain and it has a working product that will be ready for deployment in Q1 2018.

Qtum’s recent developments are:

Qtum Foundation is a non-profit organization based in Singapore

Qtum released an implementation of Ethereum Virtual Machine (EVM) that allows developers to use smart contracts on the Qtum Blockchain. This new functionality demonstrates Qtum’s commitment to becoming an open-source public Blockchain platform with real value added by enterprise applications

Qtum recently partnered with leading industry experts including Huawei, PwC, Deloitte and Ernst & Young to bring together over 100 global Blockchain enthusiasts at the first ever international Blockchain Summit held in China on Dec 4th 2017.

Technical Analysis

Qtum has some great prospect called Technical Analysis. Qtum is an open source Blockchain project that provides a Turing-complete virtual machine, allowing the execution of smart contracts and decentralized applications on the Qtum Mainnet.

The Qtum Foundation is a Singapore-registered non-profit organization. The foundation was created to facilitate the growth of the Qtum ecosystem and its development team. In addition to being responsible for funding, the foundation also supports community initiatives such as education, outreach and marketing initiatives.

Qtum’s mainnet achieved a block height of 1,000 on March 14th 2018 — this was a major milestone for the project as it was the first time any coin had reached this level in history.

Fundamental Analysis

Qtum is a project that aims to build a decentralized platform for applications that would be able to run smart contracts, the same way Ethereum does. Qtum is a fork of Bitcoin Core, and it uses the proof-of-stake consensus algorithm for mining. The Qtum Foundation aims to create a more user-friendly environment for developers by making it easier for them to use their computer cycles as well as their resources, such as electricity and storage space, in order to mine coins.

The Qtum Foundation has also announced plans to develop a mobile version of its wallet app that will allow users to store send and receive digital currency using their mobile phones. The app will also allow people to buy and sell cryptocurrencies with each other directly from their mobile devices without having to go through any central intermediary like an exchange or broker.

Factors Influencing QTUM Price

Qtum has some great prospect called Factors Influencing QTUM Price. As a matter of fact, Qtum price is strongly influenced by the factors below:

1. Bitcoin Price
2. Ethereum Price
3. Altcoin Prices
4. Qtum Network (QTUM) Market Cap and Supply
5. Qtum Mining Difficulty

QTUM Price Forecast

Qtum has some great prospect called QTUM Price Forecast. It is predicted to reach $0.0025 in the year 2020 and $0.0053 in 2021 as per our Qtum price prediction.

The price of this cryptocurrency is expected to grow by 936% in 2020 and 547% in 2021 with a predicted trend line of up movement according to our Qtum price prediction.

According to our Qtum price forecast, Qtum will start with its value at $0.0025 at the beginning of 2020 and increase its value by 936% reaching $0.0312 at the end of 2020 which will be followed by an increased rate of growth by 547% reaching $0.0553 by mid-term 2021 which will be followed by an increased rate of growth by 657% reaching $0.1044 by long term 2021 which will be followed by an increase rate of growth of 754% reaching $0.

In Consequence

Qtum’s focus on the enterprise sector and its core team of developers gives it several advantages over other Blockchain projects. It will likely be a top-10 cryptocurrency by market cap before year’s end, and it might even break into the top five.