Why You Should Keep Qtum on Your Radar in 2018
This past month saw more dramatic price increases for cryptocurrencies across the board. At times, Bitcoin traded near $20,000 before a healthy correction over the past week. Qtum’s gains have been exceptionally impressive, following altcoins including Litecoin, Bitcoin Cash and Ripple in price breakouts even doubling in a 24 hour period during December.
Qtum reached a new all-time high of over $70 on 19th December, up from around $12 just 10 days prior. Its price has since retreated below $50 which is still very healthy, considering the token had only traded between $5 and $15 since May.
Qtum knows improving on the existing blockchain technologies is paramount for its success and focuses heavily on introducing accessible options for the business world. The aim is to fuse the blockchain and business worlds.
Many draw comparisons, including Qtum, to the Ethereum project but a shifted focus could be what gives this up and comer the edge.
December signalled a significant milestone as the work in building dApps (Decentralized Applications) saw the market cap smash through $3 billion and over another major Chinese competitor – NEO.
The push for real-world use is evident throughout the project. Users are able to create their own tokens, automate tasks and self-execute agreements in a trusted and stable environment.
Building on these technologies, Qtum aims to introduce a library of smart contacts to offer instantaneous accessibility. Industry professionals will be able to select from a range of off the shelf agreements for supply chain management, telecommunications, social networking and many more. Benefits of smart contracting are applicable to almost any industry.
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