QTUM Forks at Block 100,000, Reminds of Wallet Update
Recently, QTUM noted significant growth in its nodes, led by China.
The QTUM project is reminding users to update to the latest official wallet to make sure their transactions would be compatible after the update happening at block 100,000. At that time, the QTUM network went through an irreversible update, also known as a hard fork.
The updates are needed for core desktop wallets, in order to link the user to the proper version of the blockchain. While not updating the core wallet will not lead to losses, this is only in the case that the coins are not moved. If the user plans a transaction, the new version would prevent errors and potential losses.
For the mobile QTUM wallet, an update is also unnecessary.
Lately, QTUM has staged a period of recovery on lowered trading volumes, rising above $33 once again. The price against BTC has also seen relative growth, at 364,988 Satoshi, still down from the peaks above 500,000 Satoshi.
QTUM Relies on Korean Traders
QTUM relies on very thin trading volumes on Binance and other exchanges for buyers not based in Korea. This is something of a risk when investing in QTUM, as thin volumes increase trading risk.
Korean prices are still at a premium, but the rest of the market may follow as crypto assets are continuing with the recovery. At this point, QTUM is an early-adoption token when it comes to non-Asian investors, and its network may show qualities over the years.
QTUM has seen prices around $70, and some believe the network deserves a higher valuation. At this point, QTUM-based projects are more numerous compared to NEO, and more developments are in the pipeline. QTUM is also one of the few successful proof-of-stake coins with an ever-widening network of nodes.
QTUM is also one of the recent ICOs which are far ahead with their milestones. But being mostly marketed in Korea, the project has not seen the effect of Western buyers picking it up for speculation. QTUM for now is not coming back to the Exodus wallet, where it could be held in the first stage as an ERC-20 preliminary token.