QTUM Crypto CFD Trading - What Is QTUM ?
QTUM is a development environment for smart contracts, a platform for decentralised applications and offers services to enterprises. Smart contracts are computational implementations of the idea of a negotiated agreement between parties, using the blockchain to execute the various processes involved (although they have a more general meaning as applications executed on a network).
One issue with blockchain implementations is that it can be necessary to perform a hard fork from a blockchain when changing important rules governing the operation of the blockchain. This creates a new cryptocurrency. QTUM allows major changes such as adjusting the blocksize limit, without requiring a hard fork rather by using a smart contract. This capacity is called a Decentralised Governance Protocol (DGP).
Ethereum is also a development platform for smart contracts and has a larger network, but one difference is that Ethereum uses a Proof-of-Work algorithm, while QTUM uses a Proof-Of-Stake (though both networks use the Ethereum Virtual Machine and Ethereum plans to move to Proof-of-Stake). These algorithms are used in the process of automated validation, as they enable the consistency of data to be checked in a distributed network, by using a consensus to be reached about this data by the nodes in the network (this is how data can be validated in a distributed network without a central control node).
The brokers is the table do not offer the cryptocurrency used on the QTUM network, rather they offer CFDs based on QTUM. A QTUM CFD references its value to the value of QTUM on cryptocurrency exchanges, enabling the trader to trade QTUM without owning it. The trader can go long or short, can use leverage (increasing leverage increases risk and cryptocurrencies are extremely volatile) and does not need a wallet, as this is a means of storing a cryptocurrency.
