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

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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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Blockchain-Focused ETF Arrives on London Stock Exchange

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The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

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Three Biggest Things To Know Come Cryptocurrency Tax Season

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In recent years, digital cash systems known as cryptocurrencies such as Bitcoin and Litecoin have exploded into the public eye. A blend of cash and stocks, their use and value has grown exponentially. In 2017, the IRS decided to focus great effort on taxing them. In theory, this should be as simple as calculating taxes on any other type of property, bond, or other assets. Cryptocurrency, however, presents a unique challenge. The full extent of one person’s crypto activity can stretch across dozens of platforms and take a variety of different forms. This makes it difficult to gather all of this information cohesively, much less begin the seemingly- complicated process of reporting it.

These three tips should help anyone looking to legally report their crypto activity to figure out where to start.

Documentation is key!

There are dozens of different “exchanges” individuals can use to change their cash into crypto. When the flat currency is changed into cryptocurrency at the exchange, you establish your cost basis. This makes this data crucial when you begin the process of reporting.  Those who have used a variety of different exchanges should keep detailed records of everywhere that they made trades. Once tax season arrives, most exchanges will allow users to view their entire trading history with that exchange. This information will be necessary later to complete taxes.

Calculate your total gains

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