What is QTUM?

What is Qtum (QTUM)? Qtum is a platform that was created for the sphere of business and unites the performance capabilities of BTC and EVM (Ethereum Virtual Machine). This platform assists with the process of smart contracts making. It is a sustainable, powerful module tool. The idea of Qtum was to combine reliance of BTC and ETH functions to receive the best of these two cryptocurrencies.

Where did QTUM come from?

The project is also interested in transferring into the market of mobile communications, manufacture, financial industry, social networks and other. At this point of time, the members of Qtum team has developed two decentralized apps. Those are Qloha messenger and Spring Email. Both these services use cryptocurrency solutions to optimize apps for messaging and email protocol called STMP. QTUM blockchain has its inner token called Qtum coin.

What are the advantages of QTUM?

The Qtum Foundation organization is registered in Singapore. It was launched in 2017. Its founder is Patrick Day who is a professional in the world of blockchain and cryptocurrency. He also worked in the Alibaba project. There is an information that previously Patrick was involved in BitBay project under the different name - Steven Day. This is a proven fact. Patrick Day is accused by the developer of BitBay, David Zimbeck, of stealing about 200 Bitcoins from this project. But the accusations were not proven.

What are the disadvantages of QTUM?

It is known that the Qtum team consists of more than 17 developers. Most of them are from China and Europe. QTUM has many well-known people among its investors like Anthony Di Iorio, Xiaolai Li, Star Xu, and others.

How to buy QTUM on SimpleSwap?

Let’s say you want to buy QTUM. What should you do? We suggest you go to the SimpleSwap homepage and follow the instructions below:

  • Choose the currency you want to exchange (e.g. BTC) in the first drop-down list. Enter the amount you would like to swap.
  • Select QTUM in the second drop-down list. You will see the estimated amount that you will receive after the exchange.
  • Enter the Recipient’s Address. QTUM will be sent to this address. Be careful and make sure you use the correct address.
  • Check all the information you have entered. If everything is correct click the Exchange button.
  • You will see the Bitcoin deposit address. You need to transfer the necessary amount of BTC to this address to start the exchange.

This is everything you need to know to buy QTUM.

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