Qtum (QTUM) Cryptocurrency And Blockchain For Business
Someone has been following it for some time, but Qtum (QTUM) is making people talk about itself especially in the last hours. At the moment the QTUM price is around $60.
Last May, its price was held below $1, while today it broke through $60 again. Considering a time frame of 1 month, QTUM started from $12.59 on December 5th and then went up to $29 on December 15th and reached the historical record of $60.50 on December 19th.
On the 22nd it returned to $40 due to the Bitcoin crisis and then resumed its run gradually up to today’s data.
What is Qtum (QTUM)?
This new cryptocurrency comes from a blockchain that has given itself a very specific goal, which is to become a point of reference for those who do business.
An interesting aspect of this latest generation blockchain is that it is the perfect meeting point between the core Bitcoin infrastructure and a version of the Virtual Machine that belongs to Ethereum.
So it is a reality that is new to certain areas, but which for others takes up something that the market has already seen, known and experienced.
Qtum (QTUM) Strengths
What makes the difference, however, is the intent to focus mainly on the business sector. Basically, QTUM wants to use smart contracts on various fronts, bringing them to the attention of professionals and businesses.
They are seeking particular interest from large companies, which, as is well known, often need to speed up their contractual procedures. And what better way to speed up the administrative machine if not opening up to the mobile?
It should be noted that half of the web traffic is now generated by mobile devices and tablets, so Qtum provides a way to allow these devices to access blockchain-based applications securely.
From this point of view, QTUM winks at mobile applications, and it does so with greater conviction than many of its rivals: with the Simple Payment Verification Protocol. In fact, this blockchain gives the possibility to run the so-called smart contracts even from smartphones and tablets.
Last but not least, it uses a retroactive compatibility which does nothing but protects the user in the face of possible future updates: the user who relies on QTUM, in essence, does not risk being denied compatibility with the technologies that are part of Bitcoin or the Etherereum.
So those who have already joined a Bitcoin application or a smart Ethereum contract can continue to trust Qtum’s full operation with these third-party systems.