Coins: 10053 Exchanges: 946 Market Cap: $1,225,562,243,650 1.25% 24h Vol: $48,208,812,807.548 Dominance: BTC 46.65%, ETH 18.33%
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Quorum price

Quorum Price (RUM)

$1.26

1.05%
Rank #6004

Quorum Price Chart (RUM/USD)

Last updated 22 Jun 2022, 09:11AM UTC. Currency in USD.

Market Cap
$0
Volume (24h)
$18,677
Change
1.05%
Circulating Supply
0
All Time High
$3
Markets
# Exchange Pair Price Spread Volume(24h) Trust

RUM Price Statistics

$1
24H Range
$1
  • 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
  • All-Time High $3 -60.07%
    Apr 30, 2022
  • All-Time Low $1 8.08%
    Jun 19, 2022
Homepage:
rumsystem.net
Explorers:
mixin.one
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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.