Quant is a decentralized blockchain platform that connects other blockchains on a global scale without reducing the system’s efficiency or interoperability. The Quant system is the first platform to be built based on a blockchain operating system.
The Quant operating system was designed based on a distributed ledger technology. The system is able to connect different blockchains by making use of an Overledger network.
The main goal of Quant’s creation, including its application of the overledger function, is to close the existing gap between different blockchains. According to the creators of the Quant network, it is the ecosystem on which the new digital economy will develop.
The application of Overledger technology to the network also allows the creation of multi-chain applications by developers all over the world on the platform. However, in order for developers to build on the platform, they are required to hold a certain amount of Quant tokens.
Who are the Founders of Quant (QNT)?
The Quant system was founded by Gilbert Verdian and Dr. Paolo Tasca. The idea for the project was conceived by Gilbert Verdian while he was working in the health sector. Verdian was able to apply the need for interoperability in his sector by ensuring the recovery of patients registered on different platforms.
In addition to his experience in the health sector, Verdian is also vastly experienced in other fields including technology, security, and the process of proper business operations all over the world.
Before the establishment of the Quant network, Verdian worked in Vocalink, a MasterCard company as the company’s Chief Information Security Officer. He also worked with the NSW ambulance as the chief information officer. Verdian was also the security lead in the United Kingdom’s Ministry of Justice.
The other half of the system’s creation, Dr. Paolo Tasca is an entrepreneur and a digital economist whose specialization is in distributed systems. Dr. Tasca is also a well-experienced professional with previous service as a specialist in blockchain technology for the United Nations, the European Union parliament, and several central banks across the world.
Over the years, he also co-authored a series of books on fintech and is also part of the governing body of the Retail Blockchain Consortium.
What is Quant (QNT) used for?
Quant is an ecosystem that provides a bridge between different blockchains. While it does this through its overledger network technology, the system is able to connect blockchains all over the world.
In addition to this, the platform also has a native token known as QNT. The token is used for the execution of transactions on the network and can be exchanged with other cryptocurrency pairs in order to make a profit for the holders.
What Is the Unique Point of Quant (QNT)?
Ever since distributed ledger technology was included in the blockchain network, developers all over the world have been able to find applications for the system in different sectors of the world. However, in all the use cases, there has been a recurring problem of interoperability between the projects. The Quant network was created to supply the missing link required by the different projects.
The operating system used by the Quant network comprises an overledger technology that serves as a passage for different blockchain-based projects to access other blockchains. It can also be applied in connecting different applications in the same blockchain ecosystem, as is the case of Ethereum.
Quant allows for the interaction of several blockchains by creating different layers for the interaction within a system at different levels. In the available layers are the inclusion of messaging functions, execution of transactions, ordering, and filtering. It also provides an application for referencing and sharing messages related to each other and applications.
The App Store of the Quant system is capable of reading and monitoring transactions over different ledgers. The developers on the network are able to write contracts using the overledger technology across a large variety of chains, including the platforms that don’t support them, such as Bitcoin. The platform can also be used to create and deploy multi-chain applications.
How many Quant (QNT) coins are in circulation?
Even though individuals and groups do not need to purchase Quant tokens to use the network, they will need the tokens to use the resources of the platform.
In order to use the resources of the platform to create anything, the developers are required to purchase a license using Quant tokens. The process requires the tokens in question to have been locked up for a year. Using the overledger technology to perform read or write operations on the platform requires the extensive use of Quant tokens.
The maximum amount of Quant token is capped at 14,612,493 tokens and was split differently among the involved parties. A total of 9.9 million tokens were sold to the general public during an ICO, 2.6 million tokens were designated to the company’s reserve to keep the network functioning. A total of 1.951 tokens were split between the company founders and its advisors.
Presently, the Quant ecosystem has a circulating supply of 12,072,738 QNT, with the company holding an extra 2 million tokens. The tokens held are unlocked and could be sold at any time based on the company’s discretion.
Is the Quant (QNT) Network secured?
The Quant ecosystem is only functional because of the inclusion of the overledger technology in its system. The technology facilitates communication among DLT networks and allows for interaction with different blockchains.
The overledger protocol provides gateway linkage between different blockchains. The participants on the Quant network, similar to the Ethereum network’s proof-of-stake mechanism, have direct involvement in dealing with smart contracts.
Payments on the Quant platform are executed via a process that begins with the users straight to the gateways. This process is executed in a way the participants are held accountable for their actions.
How do I buy Quant (QNT)?
Quant offers scalability and interoperability at a grand capacity via its application as an operating system. This allows developers to take advantage of the system for building other applications on the platform. As such, its adoption rate has increased and is available across several exchanges. To buy QNT tokens, the steps below provide the right direction to purchasing its tokens.
* Open an account with crypto trading platform.
* Transfer the specific amount of your fiat currency to your account.
* Wait for your deposit to be confirmed and Buy QNT through your trading account.
Which Cryptocurrency Wallet Supports Quant (QNT)?
The PTPWallet platform supports many cryptocurrencies simultaneously, such as Quant tokens. Because of its speed, flexibility, and unique features, it has grown to become one of the most used new platforms. In addition, users can easily use PTPWallet as their main Quant wallet as it offers a simple and interactive interface, making it easy to navigate its system.