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Qtum (QTUM)
Price
$4.27 4.59%
Qtum (QTUM)
Number of casinos: 4
Cryptocurrency Code: QTUM
Website: qtum.org
Source code:
Max Supply: --
Qtum (QTUM) gambling options
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The History of Qtum
Qtum is known to be a decentralized blockchain platform that combines elements of Bitcoin’s and Ethereum’s infrastructures to create a versatile and efficient network. By utilizing Bitcoin’s UTXO (Unspent Transaction Output) model as its foundation and adopting a proof-of-stake consensus mechanism, Qtum ensures a more energy-efficient and accessible transaction validation process. Its hybrid nature enables the integration of future updates from both Bitcoin and Ethereum, which are seamlessly combined with Qtum’s proprietary innovations.
Unlike systems that rely on centralized mechanisms like masternodes or delegated proof-of-stake, Qtum is fully decentralized. Anyone with an internet connection and compatible hardware can contribute to the network by actually validating transactions, with no need for holding coins or electing validators. The blockchain achieves a block target time of approximately 32 seconds, and each block can store up to 8 MB of data. Coupled with SegWit technology, Qtum can handle up to 1,100 transactions per second, with the potential to scale even further through Layer 2 solutions such as the Lightning Network.
Qtum also supports a wide range of token standards, offering greater flexibility for developers. Its QRC-20 standard mirrors Ethereum’s ERC-20, while the qBRC-20 standard draws from Bitcoin’s BRC-20. Along with the integration of NFT capabilities, Qtum provides developers with tools that surpass the standalone functionality of either Bitcoin or Ethereum.
Addressing common challenges in blockchain technology, such as interoperability, governance, and the limitations of proof-of-work systems, Qtum employs two groundbreaking features: the Account Abstraction Layer (AAL) and Decentralized Governance Protocol (DGP). The AAL bridges Bitcoin’s UTXO model with Ethereum-inspired smart contracts, allowing for seamless interaction between the two layers. Meanwhile, the DGP enables adjustments to key network parameters, like particular block size and gas fees, without requiring disruptive hard forks. Governance is managed through a voting system involving stakers, developers, and QTUM holders, ensuring the blockchain remains adaptable and capable of self-regulation as it evolves.
Qtum’s innovative approach to blending the strengths of major blockchain systems has positioned it as a forward-thinking platform, equipped to address the challenges of scalability, governance, and real-world application integration.
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Check out the top-rated online casino brands that accept Qtum below through our reviews:
The Popularity of Qtum
Since its launch, Qtum has steadily gained recognition within the cryptocurrency and blockchain space for its unique hybrid approach, combining Bitcoin’s stability with Ethereum’s flexibility. Its proof-of-stake consensus mechanism has appealed to a wide range of users and developers by offering energy efficiency and low barriers to participation. Qtum’s ability to adapt and integrate innovations, such as the QRC-20 and qBRC-20 token standards and support for NFTs, has further enhanced its reputation as a versatile and developer-friendly platform. Additionally, its focus on solving critical blockchain challenges, including governance and scalability, has drawn attention from enterprises and blockchain enthusiasts alike. Over the years, Qtum’s consistent evolution and emphasis on practical applications have contributed to its steady presence in the competitive cryptocurrency market.
News and Articles for Qtum
View the latest news and articles about Qtum in our regularly updated news section:
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How Has Qtum Grown during the Years?
Through consistent innovation and an emphasis on solving real-world challenges, Qtum has demonstrated impressive growth and resilience in the evolving cryptocurrency landscape.
2017: Qtum launched in March after a successful Initial Coin Offering (ICO) that raised $15.6 million. The team released the mainnet in September, positioning Qtum as a groundbreaking blockchain that combined Bitcoin’s UTXO model with Ethereum’s smart contract capabilities.
2018: The platform focused on establishing partnerships and expanding its ecosystem. Key achievements included integrating with Amazon Web Services (AWS) to provide blockchain-as-a-service solutions and launching its first decentralized applications (dApps).
2019: Qtum introduced the offline staking protocol, a significant milestone that allowed users to participate in staking without running a full node, thereby increasing accessibility and network participation.
2020: The project launched its Qtum 2.0 update, enhancing scalability and introducing features like SegWit and Lightning Network compatibility. These developments significantly boosted transaction speeds and throughput capacity.
2021: Qtum added support for DeFi initiatives, integrating tools like oracles and expanding its NFT ecosystem. The project also incorporated the BRC-20 standard, further diversifying its blockchain capabilities.
2022: The platform strengthened its governance model with updates to the Decentralized Governance Protocol (DGP) and continued improving its developer tools, making the blockchain more attractive for building diverse applications.
2023: Qtum focused on scaling and interoperability, with enhancements to its Account Abstraction Layer (AAL) and further development of Layer 2 solutions. These particular updates cemented Qtum’s position as a highly adaptable and forward-thinking blockchain network.
| ear | Price ($) | % Change |
| 2017 | 54.43 | – |
| 2018 | 57.39 | 5.44% |
| 2019 | 5.29 | -90.78% |
| 2020 | 3.30 | -37.66% |
| 2021 | 24.78 | 650.93% |
| 2022 | 7.81 | -68.48% |
| 2023 | 3.63 | -53.56% |
| 2024 | 5.02 | 38.41% |
What are the Best Platforms to Trade with Qtum?
Qtum (QTUM) is available for trading on several major cryptocurrency platforms, including:
- Binance – Qtum is supported on Binance, one of the largest crypto exchanges globally, providing a robust trading environment.
- Kraken – Qtum is also listed on Kraken, where users can buy, sell, and trade it with various tools available for both beginner and advanced traders.
- Crypto.com – This platform includes Qtum in its trading options, alongside its user-friendly app and broad accessibility.
- However, Qtum is not currently available on Coinbase or Cash App. These platforms typically have a more limited selection of cryptocurrencies and may not yet support Qtum.
How to Open an Account in Binance and Find my Qtum Address?
Here’s a simple 5-step guide on how to open an account on Binance and find your Qtum address:
Step01
Register for a Binance Account
Visit the Binance website or download the Binance app. Click on Register and input your email address or authentic phone number, along with a secure password. Verify your authentic email or phone number by entering the code sent to you.
Step02
Complete Account Verification
To unlock full features, complete the identity verification process. Go to the User Center or Profile section and upload required documents, such as a government-issued ID and a selfie. Binance will review your submission, which may take a few hours to a few days.
Step03
Deposit Funds into Your Account
Once your account is set up, log in and go to the Wallet section. Select Fiat and Spot and click on Deposit. You can fund your account using cryptocurrencies, bank transfers, or credit/debit cards, depending on your location and preferences.
Step04
Search for Qtum
In the Markets or Trade section, search for Qtum (QTUM). You can buy Qtum using a supported trading pair, such as QTUM/USDT or QTUM/BTC.
Step05
Find Your Qtum Wallet Address
Navigate to the Wallet section and click on Fiat and Spot. Search for Qtum in the list of available cryptocurrencies, then click Deposit next to it. Binance will display your unique Qtum wallet address. Use this address to receive Qtum from external wallets or exchanges.
What Casino Games Can I Play with Qtum?
Qtum is widely accepted in the online gambling space, allowing players to engage in a variety of casino games. These include:
- Casino Games – Classic games such as slots, roulette, baccarat, and blackjack are available at online casinos that support Qtum transactions.
- Poker – Both video poker and live poker options are accessible, offering competitive gameplay for Qtum users.
- Live Casino Games – Many platforms allow Qtum players to enjoy live dealer games like live blackjack, live roulette, and live baccarat, providing an immersive casino experience.
- Sports Betting and Esports – Qtum can be used for placing bets on traditional sports and esports events, giving users flexibility in wagering across various categories.
- Slots – Qtum is accepted for playing popular slot games, including progressive jackpots and themed slots with engaging features.
| Crypto currency | Sym | Casino | Slots | Roulette | Baccarat | Poker | Blackjack | Live casino | eSports | Sports |
QTUM
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Interesting Facts About Qtum
Qtum stands out as a blockchain platform that merges the strengths of Bitcoin and Ethereum, creating a hybrid network with enhanced functionality and efficiency. Its innovative features, such as decentralized governance, token versatility, and robust scalability, make it a compelling option for both developers and cryptocurrency enthusiasts.
- Qtum combines Bitcoin's UTXO model with Ethereum's smart contract capabilities, offering a hybrid blockchain solution.
- It uses a proof-of-stake actual consensus mechanism, making it more energy-efficient than proof-of-work networks like Bitcoin and Ethereum.
- Qtum’s blockchain supports high throughput, achieving up to 1,100 transactions per second with the potential for Layer 2 scaling to handle millions of transactions.
- The platform enables decentralized governance through its Decentralized Governance Protocol (DGP), allowing changes to network parameters without hard forks.
- Qtum supports multiple token standards, including QRC-20 (its version of ERC-20) and qBRC-20, along with compatibility for NFTs.
- The blockchain integrates the Account Abstraction Layer (AAL), bridging Bitcoin’s transaction model with Ethereum’s smart contracts.
- Qtum allows anyone to participate in network validation without needing to hold tokens or run masternodes, promoting decentralization.
- The network achieves an average block time of 32 seconds, efficiently processing data in blocks of up to 8MB.
- Qtum’s decentralized ecosystem includes partnerships with various dApps, wallets, and enterprise projects, enhancing its utility and appeal.
- Qtum is supported on major cryptocurrency exchanges, including Binance, Kraken, and Crypto.com, making it easily accessible for traders worldwide.
CasinoLandia's Conclusion About Qtum
In conclusion, Qtum stands out as a unique and versatile cryptocurrency that successfully bridges the gap between Bitcoin’s reliability and Ethereum’s smart contract innovation. Its hybrid blockchain model, decentralized governance, and broad token support make it a strong contender in the evolving crypto landscape. Qtum’s accessibility on major trading platforms, compatibility with a wide range of applications, and adoption within online gambling platforms underscore its growing relevance and potential. As Qtum continues to enhance its technology and expand its ecosystem, it presents exciting opportunities for both developers and users, including those exploring cryptocurrency in the context of online gaming and beyond.
Author
Polina Dimova | Content Writer