About Qtum (QTUM)
Qtum (pronounced “quantum”) is a decentralized blockchain network and cryptocurrency that was created as a digital payments disruptor across multiple tech-aligned industries.
The network was reportedly inspired by both Ethereum and Bitcoin. It employs security akin to that of Bitcoin, alongside smart contract implementation similar to that of the Ethereum network. Unlike Bitcoin and pre-Merge Ethereum, however, Qtum implements a Proof-of-Stake (PoS) consensus mechanism.
In May 2023, Qtum partnered with Tenet, a layer-1 ecosystem for generating yield and utility for liquid staking derivatives (LSD) and Conflux to boost LSD exposure in China. The partnership will see Qtum provide Tenet with liquidity staking derivatives (LSDs), offering its users a wider range of staking products. The partnership will also help Tenet to tap into the large Chinese market.
Qtum’s native cryptocurrency, QTUM, is used to pay for network operations like transaction fees on its platform. QTUM price is updated and available in real-time on Binance.