What is Quant?
Quant is an interoperability platform designed to connect different blockchains and existing systems in a secure and scalable way. Instead of operating as a standalone blockchain, Quant functions as a universal API and operating system that enables the transfer of data, assets and applications across multiple distributed ledger technologies. The platform is primarily aimed at enterprises, financial institutions and developers who need seamless interoperability between public and private networks.
Source: https://quant.network/
How does Quant work?
Quant works through its core technology called Overledger. Overledger is a blockchain-agnostic interoperability layer that sits on top of multiple blockchains and legacy systems. It allows developers and organizations to build multi-chain applications, also known as mApps, without being locked into a single network. Access to Overledger services is paid for using the QNT token, which is used for licensing and service fees within the Quant ecosystem.
The token
Abbreviation: QNT
Category: Utility token for an interoperability network
Blockchain: QNT is issued as an ERC-20 token on Ethereum
Protocol: Overledger interoperability protocol
Year of launch: 2018
The technology behind Quant
The technology behind Quant is based on Overledger, a middleware layer that does not rely on its own consensus mechanism or blockchain. Instead, it connects existing distributed ledgers through standardized APIs. This approach removes the need for developers to run nodes or manage complex integrations, making it easier to synchronize data, transactions and smart contracts across different networks such as Bitcoin, Ethereum and other DLTs.
The Quant ecosystem
The Quant ecosystem focuses strongly on enterprise adoption and real-world use cases. Products such as Overledger, Quant Flow and upcoming solutions like Overledger Fusion are designed to support cross-chain payments, tokenised settlement and programmable money. Quant works closely with financial institutions, central banks and large organizations to enable secure interoperability between blockchain networks and traditional systems.
Who is the founder of Quant?
Quant Network was founded by Gilbert Verdian. He developed the original concept for Quant based on his background in cybersecurity, healthcare IT and enterprise systems. His experience in regulated industries played a key role in shaping Quant’s focus on security, compliance and interoperability.
Impact on the environment
Click here to read more information about the environmental impact of this coin.
Risk disclaimer
Please note: for more information about this crypto asset, consult the official resources provided by the project via https://quant.network/
Before trading, make sure to read the general risk warning about crypto asset trading:
Cryptocurrencies, including Quant (QNT), are volatile and involve risks. The value of QNT can fluctuate significantly, and investments may result in financial losses. Always do your own research and only invest money you are prepared to lose.
The BTC Direct disclaimer van be found here.