Quant might have found the missing link to bridge the gap between different blockchains. With a patented Overledger Technology, they are on track to solving interoperability issues at a large scale. Learn more about how they aim to accomplish this. Covered: What Is Quant? How Does Quant Work? Partners, Backers, & Team Tokenomics What Is […] The post What Is Quant? appeared first on CryptosRus.

What Is Quant?

Quant might have found the missing link to bridge the gap between different blockchains. With a patented Overledger Technology, they are on track to solving interoperability issues at a large scale. Learn more about how they aim to accomplish this.

Covered:

  • What Is Quant?
  • How Does Quant Work?
  • Partners, Backers, & Team
  • Tokenomics

What Is Quant?

Interoperability has always been in the discussion when it comes to blockchain technology. But, more than ever, it’s becoming more apparent that users need an easy way to interact with multiple blockchains. Gilbert Verdian founded Quant Network to provide a solution at an institutional level.

The Quant Network is the first project to solve blockchain’s interoperability issues through an operating system. Their Overledger Operating System (OS) aims to automate the trust functions between several blockchains and connect different global networks. As a result, large networks such as financial services and healthcare can optimize their workflow and increase efficiency with Quant.

Quant. (2021, June 30). The Overledger Network is Live! Retrieved from https://twitter.com/quant_network/status/1278063661601480705/photo/1

Unfortunately, most blockchain and Distributed Ledger Technologies (DLT) still lack seamless interoperability among the internal ledgers and external networks. Quant’s Overledger technology is supposed to act as the blockchain’s “missing link.” Designed to bridge the gap between various blockchains and enterprise software, the Overledger OS is a plug-and-play solution that doesn’t require teams to deploy any new infrastructure. 

The uniqueness about Quant is that it is an operating system project without a blockchain. Furthermore, the complete production went live in 2021 with Overledger 1.5, enabling MainNet Interoperability and access for Bitcoin, Ethereum, and Ripple blockchains. 

RECOMMENDED: BITCOIN ANALYSIS FLASHING REVERSAL SIGNAL AFTER DECEMBER DRAWDOWN

How Does Quant Work?

Claimed the world’s first DLT Gateway for enterprises, Quant offers an Overledger DLT Gateway technology. However, since Quant is a patented technology and not an open-source project, we only have general information on the workings of their system.

Essentially, Quant Network’s technology comprises two main components, the Overledger OS and the Overledger Network. 

The Overledger OS is the beating heart of the ecosystem. It allows users to create and access multi-chain applications (mApps). MApps are made up of Treaty Contracts instead of smart contracts like dApps. Treaty Contracts make it possible to build an application using multiple blockchains since it allows different smart contracts to interact. Additionally, the mApp’s features depend on the blockchains it is built on, not the Overledger OS. For example, a mApp built on Solana and Bitcoin could process 65,000 transactions per second while providing users with some privacy aspects. 

The Overledger Network consists of the developers and enterprises that use the Quant Network. Here, they pay an annual licensing fee for using the technology. Users can also sell their created mApps and data on the Overledger Network Marketplace. 

Seq. “Value Beyond Speculation – Why Quant has the potential to be an incredible long-term investment.” Cryptoseq. Accessed 23 Dec. 2021, https://cryptoseq.medium.com/value-beyond-speculation-why-quant-has-the-potential-to-be-an-incredible-long-term-investment-cb63f7d4706a

RECOMMENDED: POLYGON INTEGRATING WITH OPERA BROWSER TO ACCELERATE WEB3 ADOPTION

Partners, Backers, and Team

Gilbert Verdian, the CEO founder of Quant, has over 20 years of experience working with financial services, governments, and global enterprises on cybersecurity and other technologies. Being a blockchain advocate, he saw the potential issues that could arise during institutional adoption of blockchain and aimed to solve them with Quant. He gathered talented and experienced professionals such as Peter Marirosans, Martin Hargreaves, and Dr. Luke Riley to form a strong team. 

With Verdian’s and the team’s extensive experience in the tech world, it is not surprising that Quant has robust partnerships in the business world. Listed below are some of Quant’s significant partners:

  • SIA, a well-used hi-tech ledger in public and private financial organizations, has partnered with Quant. Together, they integrated the SIAchain infrastructure into the network to enable cross-platform services. It is still in development, but they have been successful in the testing milestone.
  • Crown Commercial Service’s G-Cloud 12 platform utilizes the Quant Overledger technology. In addition, the United Kingdom government uses its distributed ledger technology (DLTs) to assist businesses, governments, and individuals. 
  • AUCloud is collaborating with Quant to develop Australia’s national blockchain.
  • Mayor’s International Business Project of London & Partners has approved Quant to assist in their worldwide operations.
  • Amazon’s AWS Partner Network also teamed up with Quant Network to give AWS Cloud users more flexibility, scalability, and reliability.

RECOMMENDED: DATA SHOWS POLYGON HAS SURPASSED ETH IN “NEW TOKENS DEPLOYED”

Tokenomics

QUANT (QNT) is an ERC20 token that grants digital access to an application and service. To pay the platform annual licensing fee, access the Overledger OS, create and execute mApps, QNT is needed. In addition, QNT acts as a license key to access the Quant ecosystem and manage applications. 

The Swiss Financial Market Supervisory Authority (FINMA) regulates the QNT token. Currently, it is listed on Binance, Coinbase, and Kucoin.

Concerns:

The mystery of Quant technology is the biggest concern. Quant is not open source, so we must trust the general information available. There is also no roadmap on this project, and the whitepaper on the token is unclear. However, Quant 2021’s achievements have been impressive.

Solving the blockchain interoperability problem is also quite a competitive market. With that being said, they are also one of the fastest-growing networks and continuously gaining new partnerships. If Quant continues to upgrade and improve their technology, they have a chance to compete with the top interoperability blockchain projects.  

Where To Buy?

You can purchase QUANT through KuCoin exchange similar to how you would buy another cryptocurrency. You can either place a market buy or a limit buy. With a limit buy, you determine the price you are willing to pay, and your order gets filled once the token price reaches your limit price. If you want to get your hands on the token quickly, you can place a market order, where you agree to pay the current price and have your order filled almost immediately. If you are interested in purchasing QUANT you can do so by visiting KuCoin or Gate.io.

The post What Is Quant? appeared first on CryptosRus.