Qtum (CURRENCY:QTUM) traded up 0.7% against the dollar during the 1 day period ending at 21:00 PM Eastern on January 5th. Over the last week, Qtum has traded up 13.1% against the dollar. Qtum has a total market capitalization of $251.81 million and $465.05 million worth of Qtum was traded on exchanges in the last 24 hours. One Qtum coin can currently be bought for about $2.58 or 0.00007563 BTC on major cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

About Qtum

Qtum Coin Trading

Qtum can be bought or sold on the following cryptocurrency exchanges:. It is usually not currently possible to buy alternative cryptocurrencies such as Qtum directly using US dollars. Investors seeking to trade Qtum should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Qtum using one of the aforementioned exchanges.

Qtum Foundation, a Singaporean non-profit organization, created Qtum platform in 2016. The platform is designed to help companies or organizations create smart contracts while allowing users to do transactions like Bitcoin. Users are able to build apps and create smart contracts on the blockchain while managing transactions easily.

Since Qtum is an open source platform, users are able to modify the code so they can write smart contracts on top of it. As a result, there will be layers of applications running on the EVM. Ethereum has good blockchain mechanism, but the security isn’t impressive. Blockchain, on the other hand, is safer and more trusted. It’s only logical to combine both beneficial features within a single platform.

You can basically use debit card, credit card, or even PayPal to buy the Qtum (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Qtum as the exchange.

With cryptocurrency, things are different. You need to use debit card or credit card to buy the Ethereum or Bitcoin first. After you get the Ethereum or Bitcoin, you can convert it to Qtum. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.

In general, the process would be:

There is no better way to get started with cryptocurrencies than aiming high for the big boys. You have to buy your first shares of Bitcoin or Ethereum by creating an account at COINBASE. The best to do so is by creating a confirmed account in the platform and explore your options.

The site will ask for some basic information about yourself, make sure to tell the truth. Otherwise, you could face withholding of your investment. Make sure to type your name, your e-mail, and your password correctly. The stronger your password is, the safest your money will be. You will be asked to check your status as a living being using a re-captcha box and to agree to the terms of use of the platform.

That’s the first step in buying Qtum, once you get your Bitcoin or Ethereum, you can continue to the next step.

After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH from your Coinbase wallet.

With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations.

These are the best exchanges we can recommend for you to exchange BTC or ETH with Qtum:

Coinswitch is not exactly an exchange service, but more like an aggregator system that works with similar mechanisms as established exchanges. They allow the investor to get in touch with different exchanges and get all the information they need about the deals they offer for their listed digital currencies.

IMPORTANT! Once you are registered to any of the above, find the BTC/QTUM or ETH/QTUM trading pair and then place the order to buy those pairing cryptocurrencies. Go back to COINBASE and transfer/exchange your Bitcoin/Ethereum.

As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.

You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.

There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.

For Securing your Qtum (QTUM) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor

LEDGER NANO-X

TREZOR MODEL-T

Also Read:

You won’t be able to buy this directly with PayPal. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the Qtum. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.

You can’t buy it directly, you need to get bitcoin/ethereum first. buying BTC or ETH with cash you can do the following:

You can’t buy QTUM directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to Qtum. You can buy BTC/ETH with skrill by using these exchanges::

Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair BTC/QTUM and begin the transactions.

Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support ETH/QTUM trading pair.

The cheapest way is to use bank account to buy Bitcoins first or to buy the Qtum right away. The fastest way is to use a credit card but you will then be charged higher fees.

Once you have purchased the Qtum, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:

Securely trade on-the-go and manage a large number of assets at the same time, with only one device.

The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence.

Find a crypto exchange which allow pairing QTUM with BTC or ETH – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.

You can’t mine this actually. It has a completely different network and structure than the regular Bitcoin. The only way to own a Qtum is to buy it from a reliable exchange.

Qtum platform provides a functional and convenient place for business to create smart contracts in a safer way. By combining the best technology from Ethereum and the safety from Bitcoin, everyone can enjoy the offered features of this platform. Anyone interested in making a smart investment while managing digital smart contracts should consider this platform.

Blockchain platform Qtum has announced a bumper $1M fund to spur third-party developers to create DeFi applications on Quantum Chain, as per a release on August 17.

The release stated Qtum’s architecture overlaps with Ethereum significantly; both networks use the EVM and Solidity programming language, making it easy for devs to jump ship. 

Qtum founder Patrick Dai announced the initiative and pledged up to $5 million in total if there is sufficient demand.

The token pumped by over 10% after the announcement, as interest for DeFi applications and networks in the crypto space has grown in the past few months.

Qtum said it has higher throughput and lower fees but lack Ethereum’s network effects and developer community. To solve this, Qtum’s DeFi fund will bootstrap development while giving Solidity programmers an incentive to migrate.

In a blog post on August 17, Qtum presented its case for being a more suitable framework for DeFi development. It listed a number of advantages that Qtum holds over rival chains including compatibility with ETH’s smart contract ecosystem.

Neutron middleware compatibility that enables other programming languages to be used to code smart contracts was also included. WASM, RISC-V, and the x86 virtual machine developed by Qtum can all be utilized on its UTXO-based blockchain.

While Qtum and Ethereum are bonded by the same EVM and smart contract language, there are some key differences between the pair, the release noted.

For one, Qtum uses the UTXO model that was popularized by Bitcoin, whereas ETH deploys an account-based system for tracking on-chain addresses. And two, Qtum is a PoS chain, while Ethereum’s transition to Proof of Stake is still a work in progress. 

However, features unique to Qtum include a Decentralized Governance Protocol (DGP) that enables specific blockchain settings, such as the block size, to be modified by making use of smart contracts, said the release.

Switching some of that business to faster, more scalable chains will bring relief to DeFi while users frustrated by being priced out of interacting with decentralized finance while freeing developers to deploy applications that are not constrained by throughput and gas costs.

The list below shows exchangers where you can exchange Qtum (QTUM) to Bitcoin (BTC). The exchangers are sorted by the rate, with the best rates on the top. To select an exchanger, you may want to check its reserves and reviews. To exchange money, click on the exchanger you choose and go to its website.

The first-time visitors of our exchanger monitor can check out the video demonstrating all exciting features of our service.

All exchangers specified in the list provide the service of exchanging Qtum to Bitcoin automatically. You can use our instructions in the FAQ section if you have never exchanged electronic money at our site before and you come across any difficulties with the exchange process.

Keep in mind that change rates Qtum Bitcoin can be better when you go to an exchange site from the BestChange.com monitor than when you visit exchangers in a regular way.

If you cannot find how to exchange the money after you go to the site, contact the exchanger operator (administrator). It is quite possible that no automatic exchange Bitcoin is available at the moment and your exchange will be processed manually.

If you fail to convert Qtum cryptocurrency to Bit Coin cryptocurrency in the exchanger you got interested in, let us know about it so that we can take the necessary measures in time (discuss the problem with the owner or exclude the exchanger from this exchange direction). You can also visit our forum in order to view offers about manual exchange from our other visitors.

Every exchanger present on our website has been thoroughly checked before listing, and BestChange team constantly monitors their due performance. This increases safety of financial transactions in exchangers listed in the monitor. When choosing an exchanger, please pay attention to the reviews left by other users, the condition of the exchanger's website, reserves, and the current status of the exchanger on our monitor.

Read this article in German, French or Spanish. You read that right, we're adding yet another digital asset to Bitpanda! From now on, you will be able to buy, sell and swap Qtum (QTUM) on Bitpanda. And what better way to celebrate this integration than a giveaway? Read on to find out how to win QTUM and BEST!

Qtum is an open-source cryptocurrency software aiming to combine Etherum’s smart contract functionality with Bitcoin’s security in order to offer an enticing alternative to the Ethereum blockchain. Due to the fact that Qtum offers higher security than Ethereum with a combination of keeping compatibility with Bitcoin, it’s safe to say that this attracts application developers. Qtum’s cryptocurrency, QTUM, is used to pay the fees of those who help manage the network.  

Now onto the exciting stuff. Our giveaway starts at 00:00 CEST on the 1st of September, 2020 and ends at 23:59 CEST on the 7th of September, 2020. Here are the prizes:

The top five users with the highest total amount of QTUM purchased will receive €2,000 worth of BEST each.

The top ten users with the highest total amount of QTUM purchased will receive €800 worth of QTUM each.

Ten users (outside of the top 10 users) who are BEST VIP level 1 and above and who trade any amount of QTUM will be randomly selected to receive €200 worth of QTUM each!

Please note that you can only buy and sell QTUM on Bitpanda, deposits and withdrawals are not possible.

You can read the terms and conditions here and we will credit the winners on their Bitpanda wallets within one week.

Click here to buy QTUM.

Top-ups and withdrawals for these currency pairs are already available via the Wallet section.

About QTUM:

QTUM is a cryptocurrency and blockchain technology designed to assist interoperability with the use of a virtual machine similar to Ethereum. The secondary objective is to make smart contracts easier and secure. This project is developed by the Singapore based Qtum Foundation.

The Qtum’s development efforts will enable to market this platform to different industries like Counterfeit Protection, Industrial Logistics (warranty, shipping and more), mobile telecommunications, manufacturing and finance.

QTUM has a current market capitalization of $181 117 015 (according to coinmarketcap.com).

Follow all updates on the EXMO platform in the News section of our website or via our official Telegram, Twitter and Facebook channels.

You can find useful information about cryptocurrencies and exchange trading on EXMO’s YouTube channel.

Thank you for staying with us! Best regards, EXMO team

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Smart contract blockchain Qtum will launch offline staking at block 680,000 on August 28 with support from several major exchanges. Binance, OKEx, Huobi, Coinone, CoinDCX, and Gate are among the platforms to have pledged support for offline staking, enabling users to lock up their QTUM tokens and earn staking rewards.

The introduction of offline staking arrives at a critical juncture in Qtum’s evolution, as the blockchain platform positions itself as Asia’s preeminent DeFi framework On August 17, Qtum announced a $1M fund to encourage third-party developers to create DeFi applications on Qtum Chain and bootstrap innovation.

Offline staking has been a major milestone in Qtum’s roadmap and has been preceded by significant testing in readiness for the August 28 hard fork when the feature will be added at block height 680,000. Following the introduction of offline staking on Qtum’s testnet on June 29, the community participated in “Testnet Stake-a-Thon,” an incentivized program designed to test the capabilities of the newly upgraded network and delegation contracts.

Up until now, Qtum has allowed Proof-of-Stake consensus staking only from online nodes that secure and operate the blockchain. As a result, QTUM holders who did not want to run a full node had security concerns, or struggled to meet the resource and power requirements were unable to participate in staking.

The new upgrade allows addresses from offline wallets to securely delegate their UTXOs (Unspent Transaction Outputs) to an online node that will operate Proof of Stake consensus for the UTXOs of that offline address. Offline staking will increase participation in the staking process, resulting in a network that is more democratic, distributed, and secure.

Qtum is an open-source public blockchain platform that leverages the security of Bitcoin’s UTXO model while enabling multiple virtual machines including EVM and x86 VM. Qtum provides a standardized, stable, and safe development environment for smart contracts, enabling business-friendly smart contract coding, deploying, and executing. Qtum’s PoS-based network features a Decentralized Governance Protocol (DGP) that allows specific blockchain settings to be modified by making use of smart contracts.

The related post outlines all the problems and solutions in the DeFi environment during the last period, first of all the excessive cost of Ethereum gas that makes operations impractical for small users.

The Qtum blockchain is compatible with the famous EVM (Ethereum Virtual Machine) and with most of the tools already around such as Truffle and MetaMask. 

It is also compatible with other virtual machines such as WASM, x86, RISC-V.

Another point in its favour is its scalability since it adapts to the needs of the network and the cost of gas is significantly lower than what can be found on Ethereum at the moment, a no small advantage that could be appreciated by all users.

Not to forget also the Phantom Protocol that is based on the zk-SNARKSs, which allows creating and converting QRC20 tokens into private assets and thus achieving anonymous DeFi products, which will be the next step in this sector.

Qtum also has its own stablecoin, RMB.

This blockchain may surely give a hard time to the others but there is always the barrier, on the user side, that has to be overcome, namely adoption.

That’s why the team wants to encourage developers to migrate or create DeFi dApps from scratch, trying to attract more users.

In fact, if an important project migrates or is built on a blockchain, users who already know the project and who may also use other blockchains can start using Qtum.

This is not the first time that a blockchain adopts such a system of incentives to increase its position in decentralized finance: in fact, a few days ago IOST also offered 1 million dollars for the development of DeFi dApps.

Qtum is pronounced as “Quantum” which is a blockchain hybrid network based on smart contract enterprise applications. In view of a focal fork of bitcoin which joins the safe blockchain of bitcoin with a virtual organization near Ethereum. As far as market top, QTUM is the local badge of the organization and reliably positions in the main 20 virtual forms of money. Visit here for Bitcoin if you want to invest first time in bitcoins.

Introduction about QTUM price prediction

There are many factors that may lead to the importance of QTUM ‘s development or decline. Cryptocurrencies are unpredictable and complex commodities so the investors had to look at the risks and opportunities ahead to get a better view of where QTUM ‘s price could be heading.

Advantages for QTUM Growth

As indicated by CoinMarketCap, the circling load of QTUM was 73,947,180 out of a possible flexibly of 100,447,180 QTUM at the hour of distribution. This would additionally raise interest for the stage and its local token if the Qtum stage will turn into the main organization for creating business-situated related to decentralized applications.

After the crowd sale of the undertaking in March 2017, almost 51 % of all QTUM tokens were delivered. 20% of the rest of the tokens were saved for initiators, early contributors and the creative group of the Qtum Foundation; 20% for business creation and 9% for essential examination, instruction, and market extension.

On a wide assortment of cryptographic money markets, QTUM can be obtained and exchanged, which not just makes it advantageous for speculators to reach yet in addition to loans distinction to what exactly is as yet a generally youthful undertaking.

Qtum is coordinated and directed by The Qtum Foundation, a non-benefit association enrolled in Singapore. Built-up under the direction of PwC the establishment’s job is to manage the advancement of the Qtum Blockchain, advocate administration straightforwardness and advance the wellbeing and congruency of the open-source biological system.

One of the benefits of Qtum is its support for the Ethereum Virtual Machine which suggests that it should be possible to conveniently port Ethereum-based DApps to Qtum. Plans in the future to support other virtual machines will improve their utility.

More than 50 DApps had just been delivered on Qtum including the Emergo, Qbao and Veuve DApps. In the event that you can fabricate a greater number of famous DApps in the months ahead, this will help push the stage’s progress.

Disadvantages of QTUM progress

The key to Qtum ‘s development would be whether large partnerships grasp it or not. In the event that it can’t set up enough associations with huge corporate brands. The stage’s fame and its local token might be affected by it.

Although Ethereum is a well-established network since July 2015, QTUM only operates for a much shorter timeframe. Although the company definitely seems to have lots of momentum behind it.

There are a few other keen agreement stages engaging for a piece of the overall industry. The greatest is no uncertainty Ethereum. However, Qtum will likewise confront solid rivalry from any semblance of NEO and EOS. The test of ousting Ethereum and accomplishing more noteworthy ubiquity than different undertakings will be a major one.

Since Qtum consolidates innovations from both Bitcoin and Ethereum, any tech challenges experienced by these two frameworks. For example, adaptability challenges may likewise be moved to Qtum. On the other side, this additionally implies Qtum will profit by the activities of bitcoin and Ethereum to support the versatility of the organization.

Qtum, a unique proof of stake (PoS) blockchain built on a Bitcoin-like UTXO mechanism, announces that its first decentralized finances instrument (DeFi) goes live in mainnet. QiSwap will onboard both QTUM and QRC-20 assets.

In accordance with the press release shared with U.Today, QiSwap, a pioneering decentralized exchange (DEX) based on the Qtum blockchain, goes live in mainnet. It will ensure a cutting-edge decentralized trading experience for QTUM and Qtum-based tokens (QRC-20 standard).

From day one, QiSwap will have its own automated market maker mechanism (AMM). The Qtum team stresses that the new service will have negligible fees, rapid transaction settlement and lucrative "yield farming" opportunities for QTUM and QRC-20 liquidity providers.

QiSwap (QI) token will be used by community enthusiasts as a governance token. Thus, the elements of self-governance will be implemented into the new DEX from its inaugural stage of operation.

The initial suite of trading pairs available on QiSwap will include QTUM-QC (Qcash), QTUM-qBTC (wrapped Bitcoin), QTUM-qETH (wrapped Ethereum) and QTUM-qFil (wrapped Filecoin). The entire smart contract ecosystem of Qtum is audited and stress tested by top-notch cybersecurity vendor SlowMist.

Other trading pairs will be activated two weeks after the Phase 2 launch. Then, QiSwap will collaborate with third-party exchanges to connect liquidity pools based on additional trading pairs.

On the fourth stage of the much-anticipated mainnet iteration, QI-based governance mechanisms will be activated.

Qtum (QTUM) is a fully-open-source blockchain that merges multiple virtual machines, including the world's most popular Ethereum Virtual Machine.

Qtum founder Patrick DAI announced that the project provided developers with $ 1 mln to develop DeFi decentralized applications on their blockchain. Problems and solutions in the DeFi environment were also highlighted. First of all, this is the excessive cost of Ethereum gas, which makes transactions impractical for users.

It is noteworthy that the Qtum blockchain is compatible with the famous Ethereum Virtual Machine (EVM) and with most of the existing tools, such as Truffle and MetaMask. Another advantage in its favor is its scalability as it adapts to the needs of the network and the cost of gas is significantly lower compared to Ethereum at present.

This is not the first time that blockchain has adopted such an incentive system to strengthen its position in decentralized finance. A few days ago, IOST also offered $1mln to develop DeFi dApps.

Image courtesy of Forex News

Bitcoinist | Aug 17, 2020 | 19:11

Blockchain smart contract network Qtum has become the latest ecosystem to woo Ethereum developers. Unlike many of its rivals, however, Qtum can boast compatibility with Ethereum’s EVM, meaning developers can port projects directly over. On August 17, the Qtum Foundation announced a $1 million DeFi development fund that will be allocated to solo devs and teams seeking to create scalable DeFi dApps.

Qtum is not the first blockchain platform to lay down the red carpet to DeFi devs; Matic Network recently issued a similar call, with a generous grant program to kickstart adoption. Qtum founder Patrick Dai is determined to make Qtum the chain of choice for frustrated Ethereum devs, priced out of deploying smart contracts on ETH’s mainnet, and has pledged a total of up to $5 million to bootstrap DeFi adoption.

While “ICO” was 2017’s buzzword, “blockchain” 2018’s, and “interoperability” 2019’s, in 2020, DeFi is the only trend in town. Blockchains ranging from TRON to EOS have made overtures to DeFi developers, positioning their system as being more suited to hosting dApps that rely on high transaction volume. Qtum has laid out its case for Qtum Chain being the next home of DeFi innovation in a blog post that fleshes out the advantages it holds.

“On-chain privacy is a relatively lacking but a crucial feature for the current DeFi ecosystem,” it explains before touting Phantom Protocol, a zk-SNARKs-based on-chain privacy protocol developed by Qtum. The presence of stablecoins on Qtum – a vital component of decentralized finance – has also been cited as another reason why the blockchain is ready to host DeFi in all its glory.

Qtum even has its own stablecoin, QCash, which was launched in 2017. Instead of being pegged to the US dollar, it’s priced against the RMB, making Qtum Chain an ideal launchpad for Asian crypto projects.

Qtum’s value proposition can be distilled into offering the best elements of Bitcoin and Ethereum, combining the robust security of the former with the world computer concept pioneered by the latter. One of Ethereum’s biggest problems is that interacting with multiple smart contracts, such as when pooling assets or liquidity mining, uses up a significant amount of gas, which quickly gets expensive.

Because Qtum uses Bitcoin’s UTXO model, each transaction can have multiple inputs and multiple outputs. When used in conjunction with the OP_SENDER opcode, multiple contracts can be called in parallel for a single transaction, with a different caller for each output. In plain English, this means users can interact with multiple DeFi contracts efficiently, dramatically lowering costs.

Ethereum’s transition to ETH 2.0, scheduled for early 2021, should bring down on-chain fees. In the meantime, however, DeFi developers face a quandary: to keep building on a blockchain that’s packed to overflowing, and where block space is at a premium, or to entrust their project to an alternative chain that’s more scalable. When FTX recently announced that it was creating Serum, an interoperable DEX, it chose Solana for this reason. If Qtum can establish similar capabilities on its own blockchain, it should speed the exodus of Ethereum developers tired of being hamstrung by high fees.

SINGAPORE, Nov. 19, 2020 /PRNewswire/ — Qtum, an open-source blockchain project that leverages proof-of-stake (POS) consensus and different virtual machines to power business-friendly smart contracts, has just moved one step closer to realizing its decentralized finance (DeFi) ambitions, with the completion of the QiSwap testnet phase.

QiSwap is a decentralized exchange protocol that is used to provide liquidity for QTUM and QRC20 assets based on automated market making (AMM) algorithms. Through QiSwap, anybody will be able to create new markets, provide liquidity, and build DeFi applications on top of Qtum that were previously not available. 

By leveraging the Qtum blockchain, QiSwap is able to offer extremely low transaction fees, rapid transaction confirmation times, and an additional revenue stream for Qtum and QRC20 liquidity providers, who will earn fees with every completed trade. The platform will be powered by the QiSwap token (Qi), which will be used for community governance. 

Though QiSwap is an independent project, it is working in close collaboration with the Qtum team to ensure the synergistic development of the platform. 

Now, less than three months after the launch of the QiSwap public testnet, the product is set to move to its mainnet launch. On November 13, QiSwap will conduct phase 1 of the mainnet launch and the platform will go live with one trading pair: QTUM-QC. After this, the following schedule will apply:

QiSwap aims to target several major trading pairs first and foremost, including: Qtum-QC (Qcash); Qtum-qBTC (wrapped BTC); Qtum-qETH (wrapped ETH); and Qtum-qFil (wrapped Filecoin). At a later date, QiSwap users will be able to add their own custom QRC20 token pairs. 

The QiSwap smart contracts recently passed an audit by SlowMist, a prominent security audit and consulting platform, which has completed more than 800 audits of well-known smart contracts to date. Zero vulnerabilities were found, but a small number of enhancement suggestions were put forward—which the QiSwap team are considering for future releases. 

Qtum is an open sourced public blockchain platform that enables multiple virtual machines including EVM and soon, the x86 VM. Qtum is PoS based and boasts a Decentralized Governance Protocol (DGP) allowing specific blockchain settings to be modified by making use of smart contracts. The security and transparency of Bitcoin’s UTXO model combined with Ethereum’s EVM and a customized proof-of-stake mechanism provides stability and transaction finality.

QiSwap is the first fully decentralized protocol that automatically provides liquidity for QTUM and QRC20 assets based on automated market making (AMM) algorithms. Built on top of the Qtum blockchain, QiSwap benefits from extreme speed, transparency, and security, giving anybody a means to source and provide liquidity through one easy-to-access platform. 

With yield chasing and liquidity mining on decentralized finance (DeFi) platforms being the current crypto craze, Qtum (QTUM) is offering a more robust value earning mechanism via offline staking without any significant risks to user funds. Offline staking on Qtum follows a major protocol upgrade at the end of August.

With Ethereum (ETH) 2.0 still in the testing phase, projects like Qtum are seizing the moment to gain even a greater share. As more blockchains move towards full Proof-of-Stake (PoS) consensus, platform devs are going to be putting more effort into incentivizing greater adoption to improve the network effect of their respective blockchains.

Unlike in online staking, offline staking enables token holders to stake their “coins” right from their cold wallets. This method offers greater security protection for crypto owners as the staking process occurs within an “air-gapped” offline wallet.

Staking has become a popular method of earning interest on cryptocurrency tokens as several blockchain networks make the transition to PoS consensus. In PoS, instead of contributing computer power to the network — as is the case with Proof-of-Work (PoW) — token owners hold their coins in staking wallets that earn rewards for validating transactions on the chain.

Apart from the security benefits, offline staking is becoming more popular owing to the significantly lower technical barrier. Instead of the hassle of setting up a dedicated network node, offline staking allows token holders to stake their cryptos to an already existing node operator.

Finally, with offline staking, the crypto tokens remain domiciled in the user’s offline wallet. Granted such wallets are compatible with the network’s staking delegation protocols, token owners need not surrender the custody of their coins to participate in staking as is the case with online staking.

According to the Qtum press brief, offline staking on the platform enables token holders to earn a significant yield on their coins without the risk of value slashing or having to lock-up their QTUM in delegated vaults for weeks at a time. The Qtum team says the emergence of offline staking is the first step in a wave of fresh innovations coming to the blockchain platform.

Explaining the unique benefits of Qtum offline staking, an excerpt from the press brief reads:

With offline staking activated, Qtum says its network will become even more democratized. In the absence of minimum staking requirements, offline staking will incentivize users to stake their coins from their wallets, no matter the size of their position resulting in a more distributed network effect for the blockchain.

Offline staking on Qtum will also users to stake tokens of others by running a node and earning fees in the process. According to the press briefing, exchanges like Binance, Huobi, and OKEx already support Qtum offline staking.