Quant: Connecting the Blockchain World
Imagine a world where all the different blockchains – like Bitcoin, Ethereum, and others – can talk to each other seamlessly. That's the vision behind Quant, a groundbreaking project that aims to solve one of the biggest challenges in the world of cryptocurrency: interoperability.
Think of blockchains as different countries. Each country has its own language, rules, and way of doing things. If you want to send money from one country to another, you need a translator and a way to convert your currency. In the world of blockchains, it's the same. You need something to bridge the gaps between them and make them understand each other.
That's where Quant comes in. It's like a universal translator for blockchains, creating a network called Overledger that allows different blockchains to interact and exchange information.
What is Quant (QNT)?
Quant is a project launched in June 2018 with the goal of connecting blockchains and networks on a global scale. It's the first project to tackle the interoperability problem by building the first blockchain operating system, kind of like a "Windows" for blockchains.
Think of it this way: Just like Windows lets you run different programs on your computer, Quant's Overledger network lets developers build applications that can work across multiple blockchains.
The Key to Interoperability: Overledger
At the heart of Quant is the Overledger Network. This network is like a superhighway that connects different blockchains, allowing them to communicate and share information smoothly.
Overledger gives developers the tools to create decentralized multi-chain applications (MApps). These apps can work on different blockchains, like Ethereum, Bitcoin, or even those yet to be created. This opens up a whole new world of possibilities for developers to build innovative applications that can tap into the power of multiple blockchains.
The Founders of Quant
Gilbert Verdian: Verdian, one of the founders of Quant, had the idea for the project while working in the healthcare industry. He realized the importance of interoperability in making sure patient records were accessible across different healthcare systems. Verdian has over 20 years of experience working in technology and security, having served as the chief information security officer for companies like Vocalink, a Mastercard company, and eHealth NSW.
Dr. Paolo Tasca: Tasca is a digital economist specializing in distributed systems, the technology behind blockchains. He has served as an advisor on blockchain technologies for organizations like the European Parliament, the United Nations, and several central banks around the world. He's also a co-founder of the Retail Blockchain Consortium, an organization focused on bringing blockchain technology to the retail industry.
What Makes Quant Unique?
Quant's unique approach to interoperability is what sets it apart from other projects. Here's how:
The Overledger Network: This network acts as a gateway for any blockchain-based project to interact with other blockchains. It allows developers to connect applications across different blockchain ecosystems, like connecting an Ethereum application to a Bitcoin application.
Multiple Layers for Interaction: Quant doesn't just connect blockchains; it creates different layers for applications to interact at various levels. These layers handle things like transactions, messages, filtering, ordering, and sharing information. This makes it easier for developers to build complex and secure applications that can work seamlessly across different blockchains.
The Quant App Store: This app store provides a platform for developers to create, release, and share multi-chain applications (MApps). It also enables developers to create smart contracts that work across a variety of blockchains, including those that don't traditionally support them, like Bitcoin.
The Quant Token: QNT
The Quant token (QNT) is the fuel that powers the Overledger network. It's a utility token, meaning it's used to pay for services on the network.
Here's how QNT works:
- Licensing: Developers and businesses need to buy a license to use the Overledger Network. They can use QNT to pay for these licenses.
- Transaction Fees: QNT is also used to pay for transactions on the Overledger Network, like sending information between blockchains.
- Gateway Operations: Gateways, which connect different blockchains to Overledger, require QNT to operate smoothly.
QNT Token Supply and Distribution:
Category |
QNT Tokens |
Public Sale (ICO) |
9.9 million |
Company Reserve |
2.6 million |
Founders |
1.3 million |
Advisors |
651,000 |
Total Max Supply |
14,612,493 |
Current Circulating Supply: 12,072,738 QNT
Note: The company holds 2 million QNT tokens that are unlocked and could be sold or issued at any time.
How is Quant Secured?
Quant's security is based on a multi-pronged approach:
- Overledger Network: The network itself acts as a secure bridge between blockchains, ensuring that information is transmitted securely and reliably.
- Gateways: Each gateway is responsible for connecting a specific blockchain to the Overledger network. These gateways are designed to be secure and robust, preventing unauthorized access and data breaches.
- Community Governance: The Quant community plays a role in securing the network by helping to manage treasury smart contracts. This ensures that QNT payments flow smoothly and transparently between users and the network.
Where Can You Buy Quant (QNT)?
QNT tokens can be purchased on various cryptocurrency exchanges, including:
- Bilaxy
- Bittrex
- Bithumb Global
- 1inch Exchange
- Uniswap (V2)
- Hotbit
You can trade QNT against other cryptocurrencies like Bitcoin (BTC) and Ether (ETH), stablecoins like Tether (USDT), and even fiat currencies like the euro.
The Future of Quant
Quant has the potential to revolutionize the way we interact with blockchains. By solving the interoperability problem, it can unlock a world of new possibilities for developers and businesses to build innovative, cross-chain applications.
As the blockchain ecosystem continues to grow and evolve, Quant's Overledger network is poised to play a critical role in connecting different blockchains and creating a more interconnected and accessible digital world.