What is Quant?

QNT is a popular altcoin among sports fans. However, before you Trade QNT, it is vital that you understand what you are investing in. Let's find out what's OP and how it functions.

Quant was released in June 2018 to link blockchains and networks worldwide without compromising their performance or interoperability. It is the first initiative to build a decentralized blockchain OS to address the issue of incompatibility across different blockchains.

The Overledger Network and the operating system distributed ledger technology it employs are essential to the project's goal of bridging disparate blockchain infrastructures. According to its creators, this is the first blockchain-specific operating system.

Quant's main goal, achieved through the utilization of Overledger, is to close the gap between various blockchains. Quant describes the Overledger network as the foundation on which the future digital economic ecosystem will be constructed, making it a key component of the project.

Using Overledger, developers can create MApps, or multi-chain apps, that run independently of any central server. Developers need a predetermined number of Quant tokens before they may create a Mapp on the network (QNT).

How is Quant different?

With the advent of blockchain and distributed ledger technology, creative minds have quickly identified applications in virtually every sector. However, ensuring that all of these initiatives work together without a hitch has been a challenge. Quant was developed to bridge the gap between different blockchains.

Overledger is Quant's operating system, and it was made to connect all blockchain-based projects. It also links apps inside the same blockchain environment, such as Ethereum.

Quant offers numerous layers allowing applications to connect on multiple levels, going beyond the standard multiple blockchain interactions. Quant is built in layers, with one dedicated to transactions, another to messaging, another to filtering and sorting, and yet another to exchanging and referring messages that are similar but pertain to different programs.

The Quant Market is able to read and track activity from a wide variety of ledgers. Overledger allows developers to create smart contracts that can be used on any chain, including ones that do not natively support them (like Bitcoin's blockchain). In addition, the marketplace serves as a platform for developers to distribute multi-chain apps (MApps).

How many QNT tokens are in circulation?

Developers need to obtain a QNT license to create anything on the platform. Tokens must be locked for a period of 12 months. Using the QNT tokens is essential for covering the expenses of maintaining the Gateways and executing read/write operations on Overledger.

The maximum supply of QNT tokens is 14,612,493 tokens. The QNT tokens were distributed as follows:

• During the ICO, 9.9 million QNT coins were sold to the general public.
• 2.6 million QNT coins were allocated to the company reserve to keep the project going.
• The company's founders were given 1.3 million QNT tokens.
• The corporate advisors received 651,000 QNT tokens.

Network security

Quant Network relies heavily on Overledger as its foundational blockchain technology. Overledger guarantees that all DLT networks can communicate with one another and can interact with various blockchains.

Overledger is a network that provides gateways to connect several blockchains together. The community of Quant Network manages treasury smart contracts, much like the proof-of-stake blockchains used by Ethereum.

Community members process QNT transactions initiated by users and directed toward gateways. They do it in a way that holds them accountable to any observer.

Founders

Gilbert Verdian, one of the Quant network's founders, came up with the blockchain project while working in healthcare. Verdian recognized the need for interoperability to provide coverage for registered patients with multiple systems. With over 20 years of expertise, Verdian has helped companies improve their security, technology, and business strategies worldwide.

Verdian has held many high-ranking positions in the IT industry before joining the Quant Network, including CISO at Mastercard-affiliated Vocalink, CIO at NSW Ambulance, CISO at eHealth NSW, and security head at the UK Ministry of Justice.

Dr. Paolo Tasca, the company's other co-founder, is an entrepreneur, digital economist, and expert in distributed systems. Dr. Tasca has advised the European Union Parliament, the United Nations, and many national central banks as their expert in blockchain technology. In addition to being the co-founder and governing board head of the Retail Blockchain Consortium, he is also a co-author of various publications on fintech.

Where can you buy QNT?

QNT is available on the licensed cryptocurrency exchange CryptoForce and several other national and international exchanges.

Disclaimer: Cryptocurrencies are highly volatile and subject to market, technical, and regulatory risks. Crypto trading requires one’s own diligence, and Cryptoforce will not be responsible for any losses incurred. Any information provided here should not be regarded as Cryptoforce’s technical or financial advice