Qtum provides the aspects of both the Ethereum network and the Bitcoin network while leveraging the benefits of both. Qtum crypto has taken Ethereum’s smart contract capabilities and Bitcoin’s unspent transaction output (UTXO) model.
Qtum functions on the proof-of-stake consensus mechanism, which means that users stake assets to validate transactions and get rewarded for it.
The Qtum coin is QTUM and is distributed to users in relation to Qtum’s consensus mechanism. Users can use QTUM to pay transaction fees on the network, vote on proposals and thus participate in the on-chain governance protocol, and stake QTUM to validate blocks.
Users can stake QTUM offline, which means that they need to provide their wallet addresses instead of locking up coins. As such, they have complete control over the staked assets and can move them at any time.
Qtum price UK history shows the highest value of 19.46 GBP . We recorded this price on May 10, 2021, but we cannot exclude that a higher price was registered before September 28, 2018.