Quorum (RUM)
Details about Quorum cryptocurrency
€3,208
9.317
Unknown
https://rumsystem.net/apps
Quorum price charts
RUM exchanges
Quorum, the crypto
Quorum (RUM) is a blockchain platform designed for enterprises and developed by JPMorgan Chase. It is a permissioned, decentralized network built on top of the Ethereum public blockchain. Quorum uses a combination of transaction privacy, voting-based consensus, and network-wide transparency to support trust, confidentiality, and efficiency in enterprise-level blockchain applications.
The point
The main point of Quorum (RUM) is to provide a secure, scalable, and flexible platform for enterprise blockchain applications. It aims to enable businesses to leverage the benefits of decentralized technology without sacrificing the privacy and control required by large organizations. Quorum offers a range of features, including private transactions, permissioned access, pluggable consensus, and smart contract safety, that support a variety of use cases, from supply chain management to finance and beyond.
The problem
Quorum (RUM) tries to solve the problem of applying blockchain technology to enterprise-level use cases. While public blockchains like Ethereum offer many benefits, they lack the privacy, speed, and control that large businesses require. Quorum seeks to bridge this gap by providing features like private transactions, permissioned access, and customizable consensus that address the needs of enterprise users. By doing so, it aims to make blockchain technology more accessible and relevant to businesses across industries.
Compare RUM and BTC performance
Timeframe | RUM | BTC |
---|---|---|
1h change | 0 % | -0.158584 % |
24h change | 0 % | 3.27017 % |
7 day change | -0.05 % | 9.29633 % |
14 day change | -0.05 % | 2.30959 % |
30 day change | -1.13 % | 24.6099 % |
200 day change | -33.48 % | 173.296 % |
Year change | -26.53 % | 160.06 % |