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.
For the latest cryptocurrency news, join our Telegram!
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.
Image courtesy of Pexels
XRP Surges By 8% In A Surprise Bull Run
The new price surge that surrounded almost the entire crypto market brought quite a pleasant surprise for XRP holders, as Ripple grew in price by over 8% in the last 24 hours. In fact, XRP managed to achieve a price surge equal to that of Ethereum as of this morning.
While the third largest cryptocurrency is still quite behind ETH when it comes to market cap, many believe that it is only a matter of time before XRP regains its former glory. With that being said, a lot of people are still more than pleased with seeing Ripple climbing back to more stable levels, especially after a big price drop that hit the coin last week.
The new hike up allowed XRP to climb back to $0.446322. While this is still low when compared to its highest point in the last week ($0.52), the coin still seems to be well on its way to recovery. In fact, many believe that XRP has found a new bottom, one that is significantly higher than the last one. Most of this new success can be traced back to a price surge that Ripple has had recently when it even managed to briefly overthrow Ethereum as the second largest coin by market cap.
Despite its drop since then, XRP still remains one of the coins with the strongest growth in the last month. While the market is still far from stable,…
If Tether crashes, will that money pour into Bitcoin?
For a long time now, the so-called stablecoin, Tether (USDT) has been a topic of discussion within the crypto community.
Tether, as a stablecoin, is said to be fully backed by the USD. This allowed it to be one of only a handful of cryptos that can avoid volatility issues, due to the fact that it is backed by a stable fiat currency. However, for as long as it was around, Tether was very secretive of its bank accounts and funds in general.
While claiming to have the ability to back each of its USDT coins, many have questioned whether or not this can be true. At the time of writing (October 16, 2018), Tether has released 2,256,421,736 USDT in circulation. This means that it needs to have at least $2,256,421,736 in order to cover its circulating supply.
At this point, three questions emerge, and answering them could very well change the future of this stablecoin. The questions are as follows:
- Are all USDT coins fully backed?
- If yes, then where did that much money come from?
- If not, what will happen when the market discovers the lie?
Tether continues to keep secrets
As mentioned, Tether has always claimed to be able to back each of its coins. However, instead of operating on transparency, the coin used different tools, mostly opaqueness, misdirection, and playing the victim whenever someone tried to unveil what is truly going…
Is Bitcoin (BTC) Better Than USD?
Despite all its recent progress, cryptocurrencies still do not inspire trust in a lot of people. Many view them as unsafe money, with its very nature being doubtful. However, a recent report by the Polish Academy of Sciences’ Institute of Nuclear Physics shows that situation regarding cryptocurrencies may not be as bad as it seems. In fact, the report claims that Bitcoin might even be a better currency than it looks like.
Bitcoin vs traditional money
Bitcoin, as many are already aware of, is the first cryptocurrency. It was created a decade ago and was officially launched in 2009. But, even though it has been around for around 9 years at this point, it is still largely mistrusted by a lot of investors, especially when it comes to large institutions.
However, thanks to the Cracow-based Institute of Nuclear Physics’ recent report, this common opinion might actually be wrong. The Institute has conducted a detailed statistical analysis of the BTC market and has published the results in a scientific journal called Chaos: An Interdisciplinary Journal of Nonlinear Science.
Surprisingly enough, the report portraits Bitcoin in a very positive light.
The report started by commenting on the credibility of traditional money. In the past, money that people have been using was backed by specific material commodities, such as gold. These commodities gave the money its value and served as a guarantee that the money actually has worth. This is…
The low volatility of Litecoin and Bitcoin on the spotlight
Ripple CEO set to be part of Mars Blockchain Summit alongside reps from NASDAQ, Barclays, and the likes
Tron (TRX) launches official developers network website, TronGrid
Don't Miss1 week ago
Exclusive: Ripple (XRP) to be exhibited at SWIFT’s Sibos conference
Altcoins5 days ago
TRON TRX: A Perfect Way To Bring Games To Blockchain
Altcoins1 week ago
Electroneum (ETN) on the rise, can it make to highest market cap coins?
Altcoins2 weeks ago
Ethereum killers? Think Tron (TRX) and Qtum, according to startup mentor
Don't Miss1 week ago
Exclusive: Singapore to develop Ripple (XRP)-powered invoice trading platform
Altcoins2 weeks ago
Why is xRapid not bringing XRP price up?
Altcoins1 week ago
You think Tron (TRX) looks good? It’s even better
Featured news2 weeks ago
Bank of America starts Ripple and Stellar alike service for cross-bank operations