Coin highlights: Qtum



QTUM (Qtum) as Large-cap Coin is 37th in the 2100NEWS ranking. The quality of the order book of QTUM is Good. The average quality of the order book for large caps members of the NWSL100 index is 17.2. What is the true value criterion in the crypto world?

*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you tokens that are worth keeping in mind.

 

About coin

QTUM has been launched in 87 exchanges. Through ICO in March 2017, they raised $15 mio.

Qtum as Large-cap Coin is 37th in 2100NEWS ranking (after Index Review of 23rd October 2020). It is an Index member: NWST1100, NWSL100, NWSCo100.

2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 19.8, (Average for Large caps: 17.2)


Over the past week, the average market cap was $192.2 million, average daily volume was $179.9 million.


 

In this section, we will examine how the market, with price changes, evaluates project progress. It seems important to us if the project is outside of the usual tide of crypto project prices. In order to make an appropriate peer comparison, we gauged the QTUM (Qtum) with 2100NEWS DA Coin Index (NWSCo100).  On average (violet area chart), the relationship between QTUM to NWSCo100 has shown that it was weaker over the last three months, it has underperformed the NWSCo100 by 27%. However, the relationship between QTUM and NWSCo100 has shown that it was stronger in the bullish market and weaker in the bearish, so it has a higher Beta. (Beta is a measure of the volatility—or systematic risk—of a digital asset compared to the market as a whole.). So, if we compare the QTUM green area graph with the orange index area graph while observing the correlation graph, the correlation graph gives us an explanation that the correlation is not strong (Pearsons correlation coefficient = 0.62). However, 77% of the time, it was moving in the same direction as the NWSCo100. So, it has been an ordinary representative of the NWSCo100 index in terms of price changes.

*The chart below shows the QTUM compared to NWSCo100 at the top, the box in the middle of the chart shows the original QTUM price, and at the bottom of the chart we see NWSCo100 and the correlation between  QTUM and NWSCo100.

 

2100NEWS observation:

Among this year’s tasks, Qtum upgrades are the most represented. Qtum mainnet hard forked on August 28 to launch offline staking protocol. DeFi has been very popular in recent months. Since 2017, Qtum has been gradually developing a variety of unique technical and environmental features that are perfectly suited for building DeFi projects. They are aware of the importance of community. In gratitude for their contribution and encouragement for the continued use of Qtum Testnet Stake-A-Thon, the Qtum Testnet Offline Staking Lucky Draw campaign awards prizes. They have 186.6K followers on Twitter

 

About Qtum- what they do

Qtum is an open sourced public blockchain platform, leveraging the security of UTXO while enabling multiple virtual machines including EVM and the revolutionary 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. For instance, the block size of Qtum can be increased without the need of a hard fork.

To achieve the interoperability and combine the UTXO model and the smart contract Account model, and decouple the value transfer layer from the contract execution layer, Qtum created the Account Abstraction Layer (AAL). Qtum developed optimizations for the interface and conversion between smart contract operations and UTXO operations, and developed four new opcodes: (1) OP_CREATE: create a smart contract; (2) OP_CALL: call smart contract (send QTUM to the contract); (3) OP_SPEND: spend QTUM in smart contract; (4) OP_SENDER: allow address other than contract call sender to pay for Gas.

Based on the strong scalability of the AAL, the Qtum Chain can implement multiple virtual machines running in parallel without changing the underlying architecture. Qtum is developing a new design Qtum x86 virtual machine. A “virtual machine” is an isolated software execution environment that can run on many different hardware platforms (Macs, PCs, servers, virtual private servers in the cloud, etc.). Qtum’s current virtual machine uses EVM and Solidity.

 

General information

Based in Singapure, Qtum is an internationalized and professional blockchain group. It has members from 10 different countries/regions. In addition to co-founder Patrick Dai, mention should also be made of Neil Mahi, Blockchain Architect and Jordan Earls, Core developer.

 

Exchanges: 50x, AAX, Alterdice, ATOMARS, BCEX, Bibox, BigONE, BiKi, Binance, Binance JEX, Binance.KR, Binance.US, BiONE, Bitbns, Bitfinex, BitForex, Bithumb, Bithumb Global, Bithumb Singapore, BitMart, BitMax, Bitribe, Bitsonic, Bittrex, Bitvavo, BitZ, BW.com, Cat.Ex, CBX, CDAX, Chiliz, Coinall, CoinBene, Coindeal, CoinEgg, CoinEx, Coinone, COREDAX, Crex24, CROSS exchange, Crypto.com Exchange, Decoin, Dex-Trade, DigiFinex, DragonEX, Dsdaq, EXMO, Exrates, EXX, Gate.io, GOPAX, HBTC, HCoin, HitBTC, Hoo, Hotbit, Huobi Global, Huobi Indonesia, Huobi Korea, Hydax Exchange, IDCM, Indodax, IndoEx, Korbit, Kraken, KuCoin, LATOKEN, LBank, Liquid, LiteBit.eu, MXC.COM, OKEx, OKEx Korea, P2PB2B, Poloniex, ProBit Exchange, RightBTC, Sistemkoin, TradeOgre, Upbit, VALR, VCC Exchange, VELIC, WazirX, Xtheta Global, ZB.COM, ZBG.

 

Website:     https://qtum.org/en

You can follow them:     Facebook    Reddit    Twitter

 

Do you know more about this topic or would you like to report an error in the text? Leave a comment or email us at info@2100news.com.

 

The Crypto Highlights are considered the opinion of 2100NEWS and the material is for informational purposes only and 2100NEWS is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. At the time of this article’s writing, the author did not hold any tokens QTUM.



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