Qtum QTUM to Paypex PAYX Exchange

Crypto Pair Details: QTUM to PAYX

Qtum QTUM

Qtum is a decentralized and open-source smart contracts platform and value transfer protocol. Qtum uses proof-of-stake consensus, meaning node operators are rewarded for validating transactions. It is a DGP governed blockchain where community participants can vote to change certain network parameters. Qtum is built on a bitcoin core fork, but the foundation has created its own hybrid blockchain with the help of several key tools. The coin uses bitcoin’s chain because of its simple and stable nature, allowing the foundation to build upon it more easily. As the QTUM project is a hybrid of Bitcoin and Ethereum, its team comprises of members from both Bitcoin and Ethereum community. They also have team members who formerly worked with Tencent, Alibaba, Nasdaq etc. Apart from that, they are backed by some notable VCs and prominent people from the Blockchain community such as Patrick Dai (Project Co-Founder), Neil Mahi (Chief Blockchain Architect/Co-Founder) and Jordan Earls (Lead Developer/Co-Founder). Qtum provides a Turing-complete blockchain stack and is able to execute smart contracts and decentralised applications like the Ethereum blockchain. Qtum builds on Bitcoin's UTXO transaction model and uses the Proof-of-Stake algorithm. It is backed by some highly prominent members of the blockchain community such as Anthony Di Iorio, Xu Star, Bo Shen, David Lee, Jehan Chu and Roger Ver. Qtum sold over 10 million dollars’ worth of its tokens after only 90 minutes, eventually raising a total value of $15.7 million before stopping the campaign early after only 5 days. They raised a total amount of 11,156.766 bitcoins (BTC) and 77,081.031 ether (ETH) in exchange for the 51 million Qtum tokens being distributed to the public. In Qtum’s whitepaper, 51% of the coins were distributed to the public via the crowdfunding campaign. Of the remaining 49%, 29% of the coins would be allocated as community incentives, and the remaining 20% would be distributed to the early backers and development team.

Paypex PAYX

Paypex іѕ a digital platform that strengthens and еnhаnсеѕ thе рауmеnt ѕуѕtеmѕ based on Ethereum blосkсhаіn tесhnоlоgу аnd ѕmаrt contract. Primary functions include the ability to іnсrеаѕе the еffісіеnсу of these payment systems, decrease thе соѕt оf money transfers аnd ѕеnd or rесеіvе сrоѕѕ-bоrdеr payments instantly. Paypex рrоvіdеs the most groundbreaking blосkсhаіn technology whісh fоrmѕ the entire structures оf a wide rаngе оf payment gateway for individual аnd buѕіnеѕѕ. Paypex is роѕіtіоnеd аt thе crossroads bеtwееn Ethereum blосkсhаіn tесhnоlоgу, рауmеntѕ, and buѕіnеѕѕ, gіvіng thе аll ѕесtоrѕ ассеѕѕ tо mоdulаr ѕоlutіоnѕ tо mаnаgе аll thеіr рауmеntѕ needs. The coin and platform can also be used for shopping online from numerous ecommerce websites. The transactions carried out through the Paypex wallet are confirmed instantly and there is also no transaction fee involved in the process. The Paypex wallet can also be used by shop owners for receiving payments easily from the customers. Moreover, online stores can integrate the Paypex wallet API for accepting payments from customers. Paypex is also set to launch its cryptocurrency coins called Paypex tokens that can be used for online shopping as well as carrying out different types of online transactions. The Paypex tokens function as blockchain based cryptocurrency that can be bought, sold or traded for exchanges. The Paypex wallet balance can be converted easily to Paypex token and/or vice-versa. The price of tokens is likely to change according to the demand and supply matrix. It is believed that Paypex tokens are going to play an important role in bridging the gap between the Paypex wallet and the other cryptocurrecies/Fiat Money.

SOURCE: COINGECKO

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