For investors who absolutely love the blue chip cryptocurrencies, Qtum (CRYPTO:QTUM), pronounced "Quantum," is far more exciting:
Once one of the larger digital currencies by market value, Qtum has fallen just outside the top 100 and now sports a market cap below $1 billion. But don't let its size fool you -- this blockchain-based network is built with competitive advantages in mind.
The secret to Qtum's success is that developers took the best aspects of Bitcoin and Ethereum and combined them into a single network. From Bitcoin, Qtum's developers are employing the highly secure UTXO transaction model. Meanwhile, from Ethereum, the network is utilizing smart contract capability. Whether people are sending money or handling more complex transactions, it can all be done on Qtum's network.
Something else worth noting is that the EVM is compatible with Qtum's blockchain network. This means dApp developers can enjoy better scaling (up to 70 TPS) and considerably lower transaction fees, relative to Ethereum.
Another differentiating factor with Qtum is its Account Abstraction Layer (AAL). The AAL is the technical component that ensures developers can continuously upgrade smart contact capabilities on the network, yet still remain compatible with the UTXO transaction model.
All the above plus a chart that shows it's on it's Big Support = We are going Long.
One Love,
the FXPROFESSOR
PS. THE MARKET IS STILL BEARISH..WE ALWAYS HAVE SOME short POSITIONS HERE..Do the same maybe?
Once one of the larger digital currencies by market value, Qtum has fallen just outside the top 100 and now sports a market cap below $1 billion. But don't let its size fool you -- this blockchain-based network is built with competitive advantages in mind.
The secret to Qtum's success is that developers took the best aspects of Bitcoin and Ethereum and combined them into a single network. From Bitcoin, Qtum's developers are employing the highly secure UTXO transaction model. Meanwhile, from Ethereum, the network is utilizing smart contract capability. Whether people are sending money or handling more complex transactions, it can all be done on Qtum's network.
Something else worth noting is that the EVM is compatible with Qtum's blockchain network. This means dApp developers can enjoy better scaling (up to 70 TPS) and considerably lower transaction fees, relative to Ethereum.
Another differentiating factor with Qtum is its Account Abstraction Layer (AAL). The AAL is the technical component that ensures developers can continuously upgrade smart contact capabilities on the network, yet still remain compatible with the UTXO transaction model.
All the above plus a chart that shows it's on it's Big Support = We are going Long.
One Love,
the FXPROFESSOR
PS. THE MARKET IS STILL BEARISH..WE ALWAYS HAVE SOME short POSITIONS HERE..Do the same maybe?
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