What does Quantum Coin’s code mean (Quantum Coin Halving)
What does Quantum Coin\’s code mean? According to bitcoinist, Quantum Coin (Qtum)
What does Quantum Coin’s code mean? According to bitcoinist, Quantum Coin (Qtum) code refers to “Quantum Cryptocurrency” in simple terms. Specifically, the term “Quantum Cryptocurrency” is represented by the letter “q” at the beginning of Bitcoin. In digital assets, if a token has a quantity of multiple units, then this token can be understood as a valuable electronic cash system with various uses, such as payment for goods and services or rewards for others, and another type is used for financial transactions, investments, and savings.
Quantum Coin Halving
Recently, the founder of Quantum Chain, Zhang Zhengwen, stated that there will be no reduction in output before halving. The only mechanism for this reduction is to control the total quantity and distribute rewards to block producers and network maintainers through mining. In addition, there are plans to adjust the total network computing power every four years to increase the total number (i.e., issuing 100 million coins daily), which will reduce inflation rate. It is reported that on March 16, 2019, Bitcoin experienced its second halving, and there were also two sharp price drops after this halving. (Babbitt)
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