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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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