When it comes to underrated cryptocurrencies, there are lots of candidates that could become a part of the conversation. But few stand at the level of QTUM (QTUM) – this is a digital currency that has steadily built its profile in 2018, making it currently one of the only few true risers in the digital token space. The question we are asking, then, is whether QTUM is actually underrated; but before we look at the numbers, we at least need to explore the digital currency itself.
QTUM was developed by the QTUM Foundation based in Singapore. It was developed with the specific aim of harnessing the power of two of the biggest digital currencies on the planet – Bitcoin and Ethereum. How does it this? Well, although Bitcoin has one of the most secure architectures out there, its unspent transaction volume (UTXO), there has been a lot of disquiet surrounding Bitcoin deployable status across a wide range of business protocols. Ethereum has seen some limitations in its blockchain architecture, and although it has a robust platform for allowing smart contracts, its limitations have become legendary, so much so that there are several Ethereum spinoffs that are openly contesting for status on the same Turin complete structure.
These anomalies and limitations are the reason QTUM was created. By harnessing the power of two of the pillars of digital currency space, QTUM has now staked its claim as one of the key players going forward.
So how does it work, exactly?
QTUM combines a modified Bitcoin core infrastructure with Ethereum’s virtual machine (EVM). The result is a stable, modular and interoperable platform that has now positioned itself as the cryptocurrency of choice for broad-based business applications. It has achieved all this whilst building out a platform that offers full decentralized positioning, allowing users to deploy the blockchain in a real-world, real-time environment. QTUM is also the first protocol deployed off the blockchain that offers a PoS consensus protocol. This protocol not only makes QTUM mobile ready, it also helps developers and users to access the vast array of internet of things (IoT).
QTUM also offers something truly spectacular in the digital currency space – smart contracts that can be deployed anywhere across the blockchain by virtually anyone. The facility with which it does is uncanny. QTUM users are able to deploy their own tokens, put supply chain management on complete autopilot all while creating self-executing agreements in a very standardized environment. All this is done under a robust vetting and testing environment for the ultimate in peace of mind.
QTUM also deploys well in the machine-learning environment. Using the platforms smart contract lifecycle management system, users can create human-readable agreements that can be readily transformed into machine-language. This allows the platform to develop into truly deep currency architecture, something many of the leading digital currencies have lacked until now.
Naturally, this broad application spectrum for QTUM has started to creep into the awareness of investors. This has led to recent increases in valuation creating some buzz around the currency. This is what we know about the current situation. Over the last 7 days, QTUM has started to flex its muscle. On April 14, the token hit a low of $15.58, only managing to creep back up to $16.81 the following day. It then dropped to $15.75 on April 16, signaling early that investors might be willing to miss the boat on the token’s upside. But that didn’t happen; instead of tanking, QTUM rose and rose, eventually hitting a high of $19.40 on April 19. This was a huge lift for a token that for a little while has been underrated miserably by investors.
The next few weeks will be very intriguing for QTUM and it appears the token is telling them to take note.