What is QTUM?

Qtum is a platform that was created for the area 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 get the best of these two cryptocurrencies.
The project is also interested in transferring into the market of mobile communications, financial industry, social networks and other. The members of the Qtum team have developed two decentralized apps. Those are Aloha messenger and Spring Email. Both these services use cryptocurrency solutions to optimize apps for messaging and an email protocol called STMP.
The QTUM blockchain has its own crypto called the Qtum coin.

Where did QTUM come from?

The Qtum Foundation organization is registered in Singapore. It was launched in 2017. Its founder is Patrick Day who is a real professional in the world of blockchain and cryptocurrency. He also worked in the Alibaba project. There is information that previously Patrick was involved in a BitBay project under the different name - Steven Day.
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.

What are the advantages of QTUM?

  • Qtum wallet is available for Linux, Windows, Android, iOS, and Mac operating systems.
  • To work with Qtum it is enough to use a mobile phone. You don’t really need to have an account.
  • Use of PoS (Proof of Stake) ensures the full safety.
  • Perspective Roadmap.
  • Its services may be used not only by individuals but also by the corporate organizations.

What are the disadvantages of QTUM?

  • Ethereum Virtual Machine has yet to be fully developed. Considering that, some of EVM issues apply to the Qtum blockchain. One of the main issues is the security and it’s often related to the Solidity programming language.
  • Limited mining opportunities.

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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