Qtum is a hybrid Blockchain Platform for mobile applications and smart contracts.
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- What is Qtum?
- How was Qtum launched?
- Who is the team behind Qtum?
- How to stake Qtum?
- Which network metrics do the rewards depend on?
- Is there a risk to stake Qtum?
Qtum is a cryptocurrency that combines ethereum’s smart contract functionality with bitcoin’s security to create a coin that is suitable for adoption by large organizations.
QTUM raised $1 million in private early-stage funding for the project from 11 angel investors that helped build the testnet and initial implementation of the idea. Subsequently, in March 2017, QTUM completed a crowdsale that raised $15.6 million in just over 5 days.
51 percent of QTUM tokens (51 million) have been distributed to the crowdsale participants. Funds raised this way will finance the Qtum Foundation’s operations for the next four years, including development, administration, marketing, and financial/legal consulting. Of the remaining 49 percent, 29 percent of QTUM tokens (29 million QTUM) have beeen allocated to community initiatives concerning business development, research, education, and market expansion. 20 percent of QTUM tokens (20 million) have been distributed among founders, early backers, and the development team.
The singapore-based QTUM team is led by Patrick Dai.
To stake QTUM coins it is recommended to run the official Qtum Core wallet with an entire copy of the blockchain on your Computer or a Virtual Private Server (VPS).
To get the highest possible rewards, please make sure to stay online 24/7 and keep the wallet unlocked for staking only.
The individual reward depends on the Block Reward, Block Time, Daily Network Rewards and Total Staked.
Every block one staker is randomly selected whereas 1 staked coin counts as one “lottery ticket”. The selected staker has the right to create a new block and broadcast it to the network. He then receives the block reward and the fees of all transactions successfully included in this block.
In our Staking Calculator you can play with the above mentioned metrics to understand the dynamics and create all kinds of reward scenarios.
Staking Qtum is safe as long you protect your private keys. There is no risk of slashing.