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Choose your quick section of our QTUM review below.
A Quick Overview of our QTUM Review:
QTUM was created with three different layers to serve business users by encompassing the Unspent Transaction Output (UTXO) model employed by Bitcoin, and the decentralised application (DApp) capabilities of Ethereum, wrapping these in a Proof of Stake (PoS) consensus mechanism that avoids the massive energy requirements of the Proof of Work (PoW) model.
QTUM Live Price
What is QTUM?
QTUM is not a new project th
at was originally designed to be a “Ethereum Killer” and it is an interesting project that was created as a fork of Bitcoin core. QTUM is combined with Ethereum’s Virtual Machine (EVM) and provides users with the best of both Bitcoin and Ethereum by bridging the gap between them with a third layer known as “Account Abstract Layer”.
Key Features and Takeaways of QTUM
QTUM is a popular cryptocurrency project and its native token, also dubbed QTUM, is one of the top 100 cryptos in the market. QTUM has the following key features and takeaways:
QTUM was created with three different layers to serve business users by encompassing the Unspent Transaction Output (UTXO) model employed by Bitcoin, and the decentralised application (DApp) capabilities of Ethereum, wrapping these in a Proof of Stake (PoS) consensus mechanism that avoids the massive energy requirements of the Proof of Work (PoW) model.
By using EVM, QTUM is provided with a stable and proven development and DApp environment that also ensures known security and throughput capacity.
QTUM solved many issues faced by Ethereum by combining the Bitcoin chain, which is known for its high levels of security. QTUM has added additional services to this which includes a native wallet, smart contracts, and oracles that allow for the use of off-chain data.
In using EVM, QTUM can allow the development of DApps and it can also take advantage of the PoS consensus mechanism which rids the platform of the need for miners and substantial resource requirements for which the PoW consensus mechanism is known.
This also means that all QTUM tokens have already been created at the genesis of the blockchain.
By including the Bitcoin core, QTUM provides solid security foundations by using UTXO and this prevents the chances of fraud on the platform and avoids double-spending.
Because QTUM uses two different blockchains, it means that there must be a way for the two to communicate with one another, which is where Account Abstraction Layer comes in.
This Account Abstraction Layer works to convert Bitcoin’s UTXO into an “account balance” model, which is used by Ethereum. This allows for seamless, efficient communication between Bitcoin and Ethereum regarding transactions and account balances.
In using EVM, QTUM allows third-parties to create tokens easily in addition to allowing industries to automate the management of supply chains.
As result of the use of standardised ecosystems, QTUM can also offer industries the tools to create contracts that are both machine- and human-reachable, making smart contracts flexible and less prone to issues or errors.
The oracles that are employed by QTUM allow for trusted third-parties to provide data as well as make off-chain calculations. Third-parties can also assist in various computations and monitor smart contracts that are on the blockchain.
With QTUM providing the management of smart contracts for mobile devices by using light clients, QTUM can run nodes that do not keep the complete blockchain history, allowing them to participate on the blockchain by storing the most recent, relevant transactions.
With this, QTUM also uses the Simple Payment Verification (SPV) employed by Bitcoin, allowing wallets to confirm transactions without needing to verify its full contents, increasing transaction speeds for mobile devices.
The QTUM wallet which is offered to users is fully mobile and can interact directly with the smart contracts on the QTUM chain.
QWTUM Unita is a new feature which was added to QTUM in 2019, increasing enterprise adoption. Unita uses scalable consensus algorithm (SCAR) which is built on top of other QTUM solutions.
SCAR saves a significant amount of network resources including disc space and bandwidth while it creates a data storage and transfer protocol which is fully-automated and can handle up to 10 000 transactions per second.
The team behind QTUM consists of a strong group of tech professionals who have backgrounds that range from cybersecurity and telecommunications to full-stack development as well as blockchain expertise.
There is also a large group of angel investors and specialists in capital markets who have placed their faith, and significant amounts of capital, with QTUM. These include Roger Ver, the CEO of Bitcoin.com, and Xu Star, the CEO at OKCoin (who also founded OKEx).
The QTUM token is used to access various services and to make them more accessible to businesses and developers on the QTUM blockchain.
QTUM Mining
QTUM tokens cannot be mined but can be staked as result of the Proof of Stake mechanism which is more energy efficient and does not require as much computational resources to secure the blockchain.
On PoS blockchains, such as QTUM, users can lock coins into the protocol so that they can validate the blocks. The more tokens the user has, the more opportunities they will have to validate the next block.
The “stake” in this, is what incentivises users to maintain security on the network and in locking up coins, it ensures that the validators remain honest, or they risk losing their stake if they misbehave.
Users who are selected to verify the next block are rewarded with a staking reward which is like PoW’s block rewards.
Cold Staking
In August 2025, at block 680 000, QTUM introduced “Cold Staking”, which is also referred to as offline staking.
This process allows users to delegate their QTUM tokens to online nodes from their wallets, allowing the nodes to stake on their behalf. This new process eliminates the need for stakers to maintain a fully online node, allowing them to delegate their QTUM to what is known as a “Super Staker” node, while obtaining the staking rewards.
Super Stakers do not have methods or means to spend delegated coins and they can only be used for staking on the QTUM network. This presents a way for QTUM holders to keep their wallets offline, more commonly referred to as “Cold Wallets”, which is the most secure wallet and also where the term “Cold Staking” is derived from.
Pros and Cons
| ✔️Pros | ❌Cons |
|---|---|
| The platform is decentralised with strong software to ensure that databases are stored more efficiently | QTUM is still a young blockchain and there may not be a lot of businesses that accept the token |
| QTUM’s blockchain is safe and secure, backed by the Bitcoin blockchain | |
| QTUM has a lot of innovative features that combines the best from both Bitcoin and Ethereum, something that other projects have not done successfully | |
| QTUM has major partnerships | |
| QTUM has a dedicated, experienced team behind it | |
| There is a lot of potential for future growth and upcoming innovations to expand and ensure widespread adoption |
Transaction Fees
| Type of Fee | Information |
|---|---|
| Trading Fees | Between 0.08% to 0.125% |
| Withdrawal Fees | 0.1 QTUM |
Should you buy QTUM?
Apart from bringing together the technology of two major cryptocurrency giants namely Bitcoin and Ethereum, QTUM has introduced a variety of new features to the crypto space that has investors flocking to start investing in this project.
Apart from the solutions that QTUM brings and the innovations, it is also backed by a dedicated, experienced team, and top investors such as Roger Ver and Xu Star, two prominent figures in the cryptocurrency industry.
In addition to this, QTUM also has partnerships with major companies in the blockchain space as well as within the traditional business sectors. These partnerships have developed over time and there are more being announced as time passes, giving QTUM the backing and credibility that investors love to see in a company.
QTUM has the security of Blockchain while having access to smart contracts and decentralised applications (DApps) from Ethereum, and apart from this, it has its own unique features, making it valuable to enterprise users.
The QTUM team is known for its innovation
How to buy QTUM (QTUM)
Step 1 – Open an account on Binance
Navigate to the official Binance website and select “Register Now”. You will be redirected to a “Create a Free Account” where you can either register with your email address or your mobile number.
You can enter your email address and user-selected password or select the “Mobile” option at the top of the form. Select your country code and enter your mobile number along with your user-selected password.
Once you have completed the necessary fields, you can read and accept the Terms of Service before selecting “Create an Account”.
You may have to complete a Security Verification that will confirm that you are not a robot. Next, there is an account verification. During this, a 6-digit verification code is sent to the email address or mobile number that you provided. The code is only valid for 30 minutes and must be entered in the blocks provided on this page.
Once the verification is completed, a welcome page will load, and you will be given the options through which you can either trade or purchase cryptocurrency. If you are new to crypto, you can visit the “Learn More” Section at the bottom of the page.
Step 2 – Secure account with two-factor verification
On the trader’s dashboard, select the option to secure your account with two-factor verification. Even though phone verification is a secure option, the most preferred and secured method is to make use of the Google Authenticator.
Once downloaded and installed, either scan the QR code or type in the one-time, unique code provided to add your Binance account credentials onto Google Authenticator.
Once completed, write down the back up key provided to recover your account on Google Authenticator in case you lose or misplace it. In the final step, enter the 6-digit code which you will receive on your registered email address along with the Google verification code.
Step 3 – Deposit funds
Binance allows for the purchase of cryptocurrencies via fiat deposits as well as cryptos. Deposits can be accessed from the following locations:
The “Welcome to Binance” banner.
Hovering over “Buy Crypto” at the top of the web page and selecting your preferred method.
Selecting “Deposit” on the “balance details” section on your traders dashboard.
Once you have selected the option to “Deposit”, you can select whether you wish to deposit cryptocurrencies from another wallet, or whether you want to make a fiat deposit.
For Crypto deposits, follow these steps:
Select your coin between Bitcoin, Ethereum, TetherUS, BNB, or EOS.
Select the network to be used between BEP2, BEP20 (BSC), ERC20, or TRC20 and accept the conditions for using the network.
Copy the address or scan the address QR code from the wallet where you are depositing and follow further prompts. Kindly note that each network has its own set of network confirmations between 1 up to 15 confirmations before the deposit will be done.
For deposits in Fiat currencies, follow these steps:
Select the deposit currency from the dropdown list. To gain access to more currencies, it is necessary to verify your identity and face.
Select the payment method to be used, depending on the currency chosen.
Enter the deposit amount and any other details. Kindly note that the transaction fee will be displayed along with the balance after this is subtracted.
Continue with the deposit.
Step 4 – Start Trading
Once you have completed your deposit, you can navigate to the “Markets” section at the top of the page to view the available cryptocurrencies. From here, you can buy, sell, and trade currencies at competitive prices.
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Frequently Asked Questions
When was QTUM first launched?
QTUM was founded in 2016 and launched its main net in September 2017.
Who founded QTUM?
Patrick Dai founded QTUM.
What is “ICO”?
It is Initial Coin Offering that, unlike an IPO, does not mean that those who invest in the cryptocurrency will have an ownership stake of the company that they provide funds to.
When was QTUM’s ICO and how much did it raise?
QTUM’s ICO was held in 2017 and raised 210 million ZAR.
Is QTUM legit?
Yes, QTUM is legit.
What is QTUM’s total supply?
The total supply of QTUM is 100 561 452.
What is the purpose of QTUM?
QTUM combines the best features of both Bitcoin and Ethereum’s blockchains, adding innovative features to become a leading blockchain and platform in the world.
On which blockchain is QTUM based?
QTUM is based on its own blockchain and creates a bridge between the Bitcoin and Ethereum blockchains.
Does QTUM work with smart contracts?
Yes, QTUM supports the use of smart contracts.
Does QTUM have potential to become more valuable?
Yes, QTUM has a significant amount of potential to become more valuable.
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