Review of QTUM Cryptocurrency: A Symbiosis Between Bitcoin and Ethereum or Another Scam?

qtum cryprocurrency

At the moment, two coins dominate the cryptocurrency market: Bitcoin and Ethereum. The former has a more secure blockchain, and the latter is a part of a global platform for creating new decentralized projects. Each of them has its own strengths and weaknesses, but what if somebody combined these two technologies within one project? This is what the creators of Qtum cryptocurrency thought. In this article we will discuss what came out of it.

Contents:
(please, click the topic to scroll down to it)

  1. Key features of Qtum
  2. Qtum platform, is it a revolution or not?
  3. Where can I buy Qtum coins and how to store them?
  4. Conclusion

1. Key features of Qtum

Last year, the development team decided to create a platform that would compete with Bitcoin in terms of reliability and be more powerful in functionality and technology than Ethereum. They called it QTUM.

During the ICO, the project collected a little more than $16 million. QTUM coin is the first cryptocurrency in the history that is able to support both Bitcoin and Ethereum protocols simultaneously.

2. Qtum platform, is it a revolution or not?

This project is quite unique. The main feature of Qtum are the so-called master contracts, which are advanced versions of smart contracts of the Ethereum. They are able to adapt to various external circumstances. Any adjustment in the relations between the parties immediately goes to the blockchain. Any entry that got into the registry can no longer be modified or deleted, so it might be an ideal tool for business.

In order to demonstrate the working principle of master contracts, let’s review an example. Supposing there are two parties that have concluded an agreement for the sale and delivery of a certain product from point A to point B. Within the framework of a usual smart contract, the conditions would be met only if the goods arrived at point B, but the master contract is more advanced, it can react to the actions of third parties. In this particular example, the third party will be the logistics company, which takes the goods from point A, and then compiles these data in the block. As soon as the cargo is received by the carrier, the buyer learns about it and has the opportunity to monitor further fulfillment of the conditions directly from the Qtum system.

This is just one case of applying this technology, real spheres where master contracts could make a revolution are quite numerous: entertainment, telecommunications, Internet of things, smart cities and much more.

3. Where can I buy Qtum coins and how to store them?

This coin is still too young, but despite this, you can buy Qtum at a huge number of cryptocurrency exchanges. These exchanges are mostly located in Asia, but you can also find such giants as: Bytfinex, Binance, Upbit, Bittrex, etc among the general list of platforms. Qtum can be exchanged for Bitcoin or Ethereum, and it can be bought even for fiat money at a couple of exchanges (LiveCoin, Quoine, LiteBit).

Speaking about the issue of storage, it should be noted that the coin was created on the basis of the Ethereum blockchain, so you can store it on any wallet that supports Ethereum.

Of course, official Qtum wallets also exist. There are two versions:

  • The simplified version – Qtum Core;
  • The full version with the whole blockchain – Qtum Electrum.

4. Conclusion

Qtum is a young, but very promising project, the goal of which is to combine the functions and reliability of the two leading cryptocurrencies in one place. From the functional point of view, Qtum with its master contracts is much more advanced than Ethereum with its smart contracts. Master contracts make it possible to substantially simplify and improve the business relations of the parties in various fields.

The project is only one year old and has not been fully implemented yet, as the development team still has a lot more work to do. We will follow developments and share with you the latest news from the world of the cryptocurrency industry.

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Akon: Nobody Knows What Cryptocurrency Is, But It Doesn’t Mean You Should Not Invest Into It

akon talks crypto

The famous American rapper Akon, the author of such hits as Smack That and Right Now, seems to be very interested in cryptocurrencies. First, he announced the launch of his own digital coin – Akoin – which is supposed to be the currency of a crypto city in Africa.

While the details of his ambitious plan have not yet been revealed, Akon keeps researching the possibilities of the crypto world. Recently he gave an interview where he discussed the financial situation in Africa and his vision on cryptocurrency.

When the interviewer said he did not quite what cryptocurrency was in the first place, Akon’s response was simple – “Nobody does.” The rapper actually finds digital assets very similar to regular company shares.

You know they’re going to yield an investment. You go there with your money because you know, these guys, in the next four, five or ten years, their projection said they are going to make triple what they are making now.” – he mentioned.

In the end, Akon said he would keep studying the subject and would do everything in his power to improve the difficult situation in Africa.

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Elon Musk Turned to the Creator of Dogecoin for Help in the Fight Against Twitter Scammers

musk needs help with crypto spammers

The CEO of Tesla Motors, entrepreneur and engineer Elon Musk published a message in his Twitter meant for the creator of the cryptocurrency Dogecoin Jackson Palmer with the request to invent a way to deal with crypto scammers on the social network.

A few minutes later, Musk received a response with an invitation to use a script that would resolve the issue with the scammers. Judging by the message of Dogecoin’s creator, Elon Musk used it.

https://twitter.com/ummjackson/status/1041577055970893824

We remind you that Elon Musk had to deal with Twitter fraudsters not once and not twice. Bots with offers to receive different cryptocurrencies for free were attacking Musk so much that he even started writing brilliant responses to them. Later, the social network management even began to block accounts containing the name of Elon Musk.

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McAfee Birthday Collection: Top-5 Eccentric Statements, Promises, Innovations and Scandals

john mcafee birthday compilation

The editorial board of The Coin Shark wishes happy birthday to the most unconventional crypto personality John McAfee and hopes he will thrive and please the crypto community for many more years.

For this occasion we decided to compile the loudest things that McAfee has said or done this year.

1. There is no doubt that the wildest promise of John McAfee remains his infamous claim about the price of Bitcoin in 2020. The interesting part is, of course, related to the physical tortures that McAfee is ready to face if his predictions turn out to be wrong.

2. Another loud claim of McAfee was his firm intention to run for presidency during the next election. Given the low levels of popularity that the current US President is coping with, we believe that anything might happen at this point. Politics aside, no doubt that the crypto world will be thrilled to have such a president.  

3. We could not leave out the epic with McAfee’s crypto wallet Bitfi. Was it really hacked? Was McAfee planning to give such a pricy award? We don’t know. However, what we do know is that the story brought a whole lot of attention to the wallet, so maybe it was an ultimate goal in the first place.

4. The CoinMarketCap should beware, because John McAfee is on its toes. His own site with market capitalization and cryptocurrency exchange rates is already functioning.

5. Last, but certainly not least comes the McAfee crypto challenge. Brilliant minds with innovative crypto solutions can join his team to improve and develop the crypto world together.

Anyway, even if John McAfee does not eat any parts of his body or loses the run for presidency, he will always remain one of the brightest stars of the crypto universe. Happy birthday, John!

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Bitcoin and Ethereum Price Analysis Today on the 18th of September: Cryptocurrencies Collapsed Again

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coin360, Bitcоin (BTC) lost 3.07% in the past 24 hours. The price at the time of writing is $6286 per coin.


Source: https://coin360.io/

In the past 24 hours Bitcoin reached the highest mark for the day at $6452, later it fell drastically to $6338 and then fell to $6257 per coin. At the time of writing BTC added about $30.


Source: https://coinmarketcap.com/

In this time interval, we can observe a downtrend.

The remaining cryptocurrencies fell into the deep red zone:

Bitcoin Cash lost 7.23% over the past day and costs $414 per coin;

Ripple dropped by 2.50% and is worth $0.27;

EOS fell by 9.17%, and its price is $4.86;

Litecoin lost 7.79% and its value is $51;

Cardano fell by 7.69% and is worth $0.063;

Stellar decreased by 3.51% and costs $0.19;

IOTA lost 6.01%, and its value is $0.53;

Dash lost 6.58%, and its price is $182;

Monero became cheaper by 7.89% and is worth $107.

Ethereum reached the highest mark of $221 in the past 24 hours. A few hours later, ETH dropped to $195. At the time of writing, the price of the coin is $197.


Source: https://coinmarketcap.com/

The total market capitalization dropped to $192 billion. Bitcoin accounts for 56.3% of the total volume. In monetary terms, this is $108 billion.

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John McAfee Is Not Having It With Online Trolls

mcafee is fighting the trolls

Scammers, fraudsters, trolls – whatever you want to call them – have been pushing their luck with a lot of major crypto personalities and famous people.

We all remember how a fake account of Vitalik Buterin tried to cheat the poor followers out of their money and when Elon Musk could not get rid of annoying trolls asking him whether he wanted to purchase Ethereum or not.

This time the crypto enthusiast John McAfee decided to oppose the Internet “pests”. He published an angry message on his Twitter.

So, we genuinely recommend all the trolls to leave McAfee alone for their own sake.

We remind you:

John McAfee Predicted the Bitcoin Price for 2020

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Binance Is Launching a Regular Exchange in Singapore

binance opens a fiat exchange in Singapore

Binance, the biggest crypto exchange in terms of trading volume (based on the info from the CoinMarketCap) decided to expand into the fiat direction. Its CEO, Zhao Chengpeng, made an announcement where he claimed that the fiat branch of Binance will soon open in Singapore.

Firstly, the beta version will launch. It will happen on the 18th of September. This is a necessary step to try the idea out and fix all the flaws that might come up. The details of further development of the fiat currency exchange have not yet been revealed.

We remind you:

Review of Binance Coin Сryptoсurrency: Benefits for Holders and Prospects for Development

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