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Qtum (pronounced "quantum") is a hybrid blockchain featuring elements of both Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus mechanisms. The Qtum blockchain is an ecosystem of decentralized applications (dApps) powered by the native QTUM token. These tokens can be stored and transacted using the Qtum wallet. Furthermore, Qtum staking allows users to earn a passive income with crypto in a variety of ways. Established by Qtum Chain Foundation, Qtum is becoming a serious competitor in the crypto industry. However, for those that are wondering, “what is Qtum?” and, “what is the QTUM token used for?” - let us explain!
Taking the best bits from the biggest blockchain in the industry, the Ravencoin fork also includes some upgrades to the challenges that have faced Bitcoin since its launch. The project has many similarities with the big orange coin, including having a Ravencoin halving event. But there are some key differences. Ravencoin is a decentralized peer-to-peer network that aims to make transacting any kind of asset - physical or virtual - across geographic borders seamless. Ravencoin has a truly decentralized ethos, featuring an ASIC-resistant mining algorithm to ensure token distribution is fair when users mine Ravencoin (RVN). Further, there was no pre-mine, pre-sale, or RVN token distribution to founders or the team at the time of launch. Moreover, transacting and storing the native RVN coin could not be easier thanks to the availability of the Ravencoin Wallet.
