Quantum blockchain is one of the most important items in today's financial world, and you need to gain enough information about it if you want to take advantage of this world.
In order to explain quantum better, you need to know that quantum is an open-source platform that is based on blockchain technology. This platform was developed by the QTUM foundation. The QTUM blockchain provides decentralized applications and platforms of smart contracts on all platforms with the PoS protocols or proof of stake protocols.
As we mentioned above, you can realize that Quantum blockchain is known as the symbol QTUM, and it is one of the newest projects of cryptocurrency in the financial world. The first and most important characteristic of this platform is that it utilizes proof of stake (PoS) and proof of work (PoW) protocols at the same time. As a result, you can make sure that the mentioned characteristic can easily solve a lot of problems rather than older blockchains that investors use.
It is worth remembering that the QTUM blockchain is similar to the Bitcoin blockchain. The biggest difference between these two kinds of blackchins is that quantum has covered the Bitcoin blockchain's weaknesses. It means that quantum is designed in a more efficient way than Bitcoin.
If you are going to invest in cryptocurrencies and blockchain platforms, it is critical to obtain enough information about this huge and sophisticated world. So, we decided to present data about this platform. In this article, we have provided a comprehensive explanation of this blockchain, its native token, and everything you need to know about quantum. Therefore, we recommend reading this paper ahead and using the following information functionally in order to make a profit in the cryptocurrency world.
Foundation team of quantum blockchain
Quantum blockchain was launched in 2016, and it was introduced by Patrick Dai, Jordan Earls, and Neil Mahi. Patrick Dai graduated with MSc in computer science, and he worked as CTO at another protocol (VeChain protocol) before starting to launch quantum. In addition, he has experience acting in a Chinese Bitcoin mining company which is called the Bitse Group.
On the other hand, Jordan Earls started his career at 13 years old as a software developer. Before starting quantum, he had launched many other projects, such as Earl Gray Tech and Smart Contracts Alliance. Lastly, Neil Mahi has a long experience in the field of software development with a master's degree in business management.
It is worth mentioning that the quantum development team is not limited only to its founders. These three people are supported by sophisticated and professional people who have a long experience working with famous brands such as Tencent, Baidu, NASDAQ, and Alibaba. Some other members of the quantum blockchain were previously working on other platforms, such as Ethereum and Bitcoin.
This project started working in March 2017 in order to attract capital. The best part of the quantum platform is that it could achieve its investment of more than $10 million only after 90 minutes after its beginning. Finally, after five days, quantum was able to sell its native tokens by collecting around 15 million dollars.
According to the white paper of the quantum project, this company has sold more than 51% of its native tokens during the ICO, and they are distributed among users. The remaining 49%, around 29% of tokens, were sorted in the network, and the other 20% were divided among the development team.
Based on what the development team of this project said, it is likely that more than 80% of tokens will be divided among users in the future, and other remaining 20% will be distributed among the Quantum team.
Since the quantum blockchain project is of a huge scale, it is important to have enough investors. Additionally, since it is so critical to have large investors in different projects for the Quantum project to gain the trust of users, this platform is able to gain the trust of many users by attracting large investors.
Antony Di Lario, the CEO of JaxxWallet, Chen Weixing, the founder of Kuadi, and Jeremy Garner, the founder of Augur, are some of the most important investors in this field.
What is quantum blockchain?
Before starting to talk about Quantum cryptocurrency, it is important to explain its own blockchain, which is a quantum blockchain. As we mentioned above, this blockchain was launched in 2017 by its founding team. Despite the fact that the blockchain is written in the form of Qtum, its pronunciation is also quantum.
It is worth noting that quantum is known as the first blockchain which utilizes the Untransacted Outputs (UTXO) model in addition to Smart contracts. The UTXO model is a pattern that is used in the Bitcoin blockchain. This is why Bitcoin blockchain and quantum have many similarities with each other.
This blockchain was initially a protocol only for trading cryptocurrencies. On the other hand, and overtime, its developers added more advanced features to it in order to respond to other users' needs. For instance, there are some DeFi projects on this quantum blockchain, and users are able to have passive income by using the staking of this blockchain as well. But these can be considered an excellent idea for this blockchain that attracts more users who are looking for crypto signal leaks and even binance futures signals.
In addition to using proof of work (PoW) and proof of Stake (PoS) algorithms, it has several virtual machines, such as the x86 virtual machine. x86 virtual machine provides a lot of innovations and is designed creatively in order to represent the innovative world.
This blockchain utilizes the proof of stake algorithm in order to create a decentralized protocol. In this case, the blockchain implements the necessary changes and new settings with the help of smart contracts. It means that it does not need a fork in the network.
If you still are not sure about the performance of this blockchain, we will assure you that the quantum blockchain has a truly obvious performance, and you can make sure that it is totally secure. This blockchain enables developers to launch several decentralized applications or even create some solutions that are based on blockchain in order to solve various problems in this case.
The purpose of developing the quantum blockchain
You can realize that a sophisticated team is trying to develop the quantum blockchain. But what is the reason and purpose for doing this? Here we will answer this critical question.
Despite the fact that quantum is a newly founded project, it is able to implement a lot of platforms and applications in this short time and these applications are so useful for the future of this project. Additionally, it has signed some important contracts that guarantee the future of the quantum project.
This blockchain is considered an international project which aims to have a great relationship between users of the Bitcoin blockchain and Ethereum blockchain. According to the developers of this project, quantum is going to change trading and investing digital currencies into a huge industry in this world. Crypto VIP signal is the best source in order to access crypto signal and have a better investment.
What is quantum currency?
After gaining enough information about Quantum blockchain and its developers, it is time to know the quantum currency. The native cryptocurrency of the QTUM is the main base of this blockchain. Just like other digital currencies in the financial world, this token is also bought and sold in the market. It means that traders and investors take advantage of the different prices of this cryptocurrency as well. In addition, investors use this token in order to pay network fees, just the same as other native tokens of several blockchains.
You need to know that the initial supply of this digital currency is limited, and we are supposed to see around 100 million tokens in the market for Quantum currency. Among this number, we said that 51 million tokens were sold in the initial supply of this cryptocurrency in order to collect the required funds for the development of this project.
20 million tokens of this cryptocurrency were divided among the development team of this project. In this way, 8% of the tokens are distributors for the private investors of the project, and the other 12% is shared between the main developers of the founders. 29% of all tokens of this cryptocurrency are considered for purposes such as expanding community, increasing acceptance, and even research education.
Users are able to stake this cryptocurrency as well. The reason is that developers of the quantum blockchain believe that they are able to guarantee the durability, sustainability, and health of this system by investing in the mentioned blockchain. In addition, they think that using the future signal can be a great idea to achieve this purpose.
Characteristics of Quantum blockchain and currency
As you have realized until here, Quantum digital currency is the native token of this blockchain that we have explained in the above part. This cryptocurrency is the same as other tokens of black chains, and traders and investors are able to utilize it for investing, trading, and other similar works.
The quantum blockchain has a huge number of characteristics that make it perform better than older blockchains in the market. As a result, it can be considered a severe competitor for these blockchains. In the following sections, we will mention the essential features and characteristics of this network and explain them.
Separated layer (AAM)
With the help of this characteristic, Dapps developed on the platform of the quantum blockchain will be separated from the main protocol. In fact, calculations related to the DeFi projects will be implemented on other layers, and you can make sure that they are as secure as quantum and it has the same characteristics. AAM looks like the second layer solution which works on the Ethereum blockchain platform.
AAM makes the network not face problems while increasing the number of users and different projects. In addition, it helps decentralized applications not to have challenges due to scalability. This characteristic also simplifies the smart contracts process and eases landing facilities in the protocol.
Neutron quantum and X86 virtual machine
Neutron Quantum is a middleware used alongside an X86 virtual machine. The combination of these two characteristics makes the quantum support different programming paradigms. The Neutron Quantum and the virtual machine of this protocol allow developers and investors to develop each project they need in any way they want on the blockchain platform.
After increasing the number of Dapp in the quantum blockchain, the number of its users will increase, and as a result, more people will be ready to accept it. In addition to the mentioned advantages, x86 virtual machines and neutral quantum are able to develop the performance of the smart contract in the blockchain.
Mutual proof of Stake (MPoS) algorithm
In order to confirm transactions of the digital currency quantum and other transactions of this network, the blockchain uses the Mutual proof of stake (MPoS) algorithm. With the help of this algorithm, the network is able to reduce the competition for computing power and even remove the hardware difficulties that cause scalability problems. By using this algorithm, the quantum will turn to a blockchain that is distributed in all nodes of the decentralized network and works with minor scalability problems.
Additionally, the Mutual proof of Stake (MPoS) algorithm is able to develop the performance of the smart contract, prevent making unauthorized contracts in the network, and as a result, increase the safety of this quantum blockchain.
When a blockchain utilizes MPoS, the chance of attacks that disrupt network performance will reduce. Furthermore, hackers need a huge amount of money if they want to attack the network by delaying rewards payments. This amount of money is not economical for them to achieve this purpose. The reason that hackers are not able to be successful in this attack is that the reward for creating blocks is divided between different miners.
Blockchain Global Network and Quantum currency
Last but not least, another characteristic of Quantum blockchain is its Global Network and native token. It should be noted that the number of active nodes of the Quantum network is larger than Bitcoin and Ethereum. Currently, we can say that the blockchain of quantum is the largest peer-to-peer blockchain in the world, with nodes spread all over the world.
But you need to know that since the acceptances of other blockchains, such as Bitcoin and Ethereum blockchains is more than others, and also a huge number of DeFi projects work in these blockchains, quantum has not yet been able to compete with them seriously. Another reason that makes the quantum blockchain a global network is a lot of exchanges support this protocol in the world, and as a result, it makes quantum to be traded and stored.
QTUM token price
At first, the QTUM token was launched in late May 2017 at a price of around $4.50. The price trend of this cryptocurrency was normal until December 2017, and it experienced average descending and rising prices just like other digital currencies. Since the middle of December, the growth of this digital currency had sharply increased, and its price reached 17 to $69 in just a few days.
After a short time, the price of quantum crypto increased again. The historical peak of this digital currency was recorded on January 7, 2018, at a price of more than $106. After that event, the price had a descending trend and returned to its normal state in the market.
Why is the Quantum blockchain and its currency unique?
As we mentioned in the above paper, the quantum blockchain is a totally unique network compared to its older competitors. The reason is that the Quantum protocol was the first blockchain that used the Proof of Stake algorithm in order to utilize the model of Untransacted Outputs and smart contracts. The purpose of launching this blockchain is to combine the security of the Bitcoin blockchain and the functionality of the Ethereum blockchain.
Due to its high security, acceptable performance, and great functionality in various projects, this blockchain could achieve its current acceptance among traders in the market. Quantum blockchain is totally compatible with other blockchains, such as Ethereum and Bitcoin blockchains, and it also supports different programming languages.
As a result, this characteristic allows developers to operate on this platform in any approach that they are comfortable with. They are able to implement and launch their considered decentralized projects in several approaches and programming languages. For example, the compatibility of the quantum blockchain and Ethereum means that Ethereum Dapps are able to operate on the QTUM platform, and there is no limitation in this regard.
It is worth noting that the active cryptocurrencies on the quantum platform are known as QRC-20 tokens. Quantum currency is a native token with many uses and performances in its main network. This is why it is very valuable, and a lot of traders and investors use it in order to achieve active and passive income. Our VIP crypto signals telegram Channel provides you with the best signals to achieve these purposes. You can access indicator crypto and binance Spot trading signals in these channels.
The last word
In this article, we explained the meaning of quantum blockchain and its native token. In addition, we described why this new protocol has been used so much in the digital currency market by a considerable number of traders nowadays. So far, we have seen a lot of new blockchains, and they are trying to compete with Ethereum and Bitcoin. Some of these blockchains offer even better performance than these two blockchains.
On the other hand, none of these platforms have been adopted as much as Ethereum and Bitcoin. This is why we mentioned the importance of quantum blockchain and its digital currency. If you want to have a better investment in this huge market, we are recommended to join our leaked crypto signals group in order to access a lot of binance Futures signals.
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