![Quorum price](/images/cryptocurrency/large/quorum.png)
Quorum Price (RUM)
$1.26
1.05%
Quorum Price Chart (RUM/USD)
Last updated 22 Jun 2022, 09:11AM UTC. Currency in USD.
Markets
# | Exchange | Pair | Price | Spread | Volume(24h) | Trust |
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RUM Price Statistics
- Quorum Price Now $1
- 24h Low / 24h High $1 / $1
- Trading Volume $18,677
- Market Cap Rank #0
- Market Cap $0
- Volume / Market Cap 0.0000
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All-Time High
$3 -60.07%
Apr 30, 2022 -
All-Time Low
$1 8.08%
Jun 19, 2022
Quorum Cryptocurrency
Introduction
Quorum cryptocurrency is a revolutionary digital currency that is gaining significant traction in the world of finance. Built on Ethereum, it introduces various enhancements and features that make it stand out from its counterparts.
Privacy and Security
One of the prime focuses of Quorum cryptocurrency is improving privacy and security. It employs a unique implementation of the privacy-focused technology zk-SNARKs, ensuring that all transactions remain private and anonymous. With Quorum, you can rest assured that your financial information will be securely shielded from prying eyes.
Permissioned Blockchain
Unlike many other cryptocurrencies, Quorum employs a permissioned blockchain. This means that only verified participants, such as financial institutions and enterprises, are allowed to participate in the network. This feature enhances the network's security and reduces the risk of fraudulent activities.
Smart Contracts
Quorum cryptocurrency also supports the use of smart contracts, which are self-executing contracts with predefined conditions. These contracts are stored on the blockchain and automatically execute when the specified conditions are met. The integration of smart contracts eliminates the need for intermediaries and increases transaction efficiency.
High Scalability
Scalability is a common concern for many cryptocurrencies. Quorum addresses this issue by utilizing a consensus algorithm known as Quorum Chain, which allows for significantly higher transaction throughput. This innovation ensures that Quorum can handle a large number of transactions simultaneously, making it ideal for enterprise use.
Conclusion
Quorum cryptocurrency offers a promising alternative to traditional financial systems. With its emphasis on privacy, security, permissioned blockchain, support for smart contracts, and high scalability, Quorum is positioned to revolutionize the way transactions are conducted. As the cryptocurrency landscape continues to evolve, Quorum remains at the forefront of innovation, promising a more efficient and secure future for financial transactions.