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Qtum (QTUM) is Finally Launching the Qtum X86 Virtual Machine

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Qtum

Qtum has finally announced the date of the long-awaited project, known as Qtum X86 Virtual Machine. QTUM is considered to be one of the biggest “opponents” to Ethereum network, given the fact that this digital asset represents a smart combination of Proof-of-Stake, Ethereum Virtual Machine smart contract based on the principle behind the first original coin, Bitcoin. Thanks to this superb combination, the team is now presenting one of the greatest achievements of the QTUM team – Qtum X86 Virtual Machine.

Qtum Sets the Date for the Launching of Qtum X86 Virtual Machine

Qtum makes up for one of the most prominent representatives of the blockchain technology. Designed into an incredible combination of Ethereum Virtual Machine smart contracts, Bitcoin’s principle, and Proof-of-Stake protocol, this crypto is considered to be a direct opponent to Ethereum platform.

Qtum additionally stirred up the market with the latest announcement they have made about the upcoming Virtual Machine that should be live presented tomorrow, on May 23rd.

The country of choice where the project will be presented in is South Korea.

After its main net has been out and running for quite some time now, the next step was creating its own Virtual Machine. This project should further on revolutionize the way smart contracts are being operated with, meaning that it should change the way decentralized apps are being created and deployed.

What is Qtum X86 Virtual Machine?

Qtum X86 Virtual Machine is a smart contract operating software that is designed to enable easily deployable decentralized applications.

What makes this smart contract software superior in oppose to its peers is the fact that  X86 allows developers to work in numerous different programming languages, that way supporting more programming languages than any blockchain-based virtual machine by far.

The machine will allow developers to make contributions to the blockchain community in many different languages, which included Python, C++, Rust, Go and many other.

This way, Qtum is making the deployment and design of decentralized applications more available to developers, given the fact that it supports more programming languages, that way enabling a greater number of developers to make contributions by creating Dapps.

So, now, besides form having QTUM as a highly scalable platform which is able to make faster transactions in oppose to the majority of its peers, including Ethereum, Qtum has made Dapps and Dapps deployment easily available to a wide range of developers that would be soon able to use Qtum X86 Virtual Machine for creating all sorts of decentralized applications.

The initial project will be presented live in Seoul in South Korea, on Wednesday, May 23rd, and this event is planned to be an invite-only event where only a handful of chosen will get to see the Qtum Virtual Machine in action for the first time ever before it is officially launched for the public.

The presentation will be held as a part of a meetup scheduled for the mentioned date.

How is Qtum doing at the Current Moment?

Ranked as the 20th-best currency on the global coin ranking list Qtum makes up for one of the top coins both in the market according to its market cap, and by its technological capabilities.

Following the latest trend in the market, we can see that the majority of currencies trading down against the dollar while going down in the red zone, with QTUM making no exception.

For the past two days we could have seen the majority of coins dropping against the dollar, however, it seems that Qtum has gone down in the red in most of its charts, including 60-day, 40-day, and weekly charts.

That is how we can see QTUM going down against the dollar by -21% in the period of the last 60 days, while it can also be seen dropping against the dollar by -20% over the period of the last 30 days.

During the course of the last two weeks, QTUM has gone down by -28% while it traded in the red during the last week where it dropped by -14% against the dollar.

We can see QTUM dropping today as well, following the most recent market trend, while dropping against the dollar by -5.27%.

Following the latest change in the market, QTUM can now be traded at the price of 15.62$.

Qtum is currently way out of the range of its previous all-time high that was set back at the beginning of January when QTUM was traded at the price of around 103$ per one unit. It is pretty clear that Qtum is still pretty far from its all-time high, even though it is clearly moving forward from the technological point of view.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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