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Quant is an advanced protocol that facilitates the widespread adoption of distributed ledger technology (DLT). The Quant network provides interoperability for multiple DLT types and enterprise-grade application development tools. The native QNT token is used to access the Overledger DLT Gateway developed by Quant. Overledger is responsible for DLT interoperability and enables developers to create multi-DLT applications (mApps) utilizing innovative Multi-DLT Smart Contracts.
Quant is an advanced protocol that facilitates the widespread adoption of distributed ledger technology (DLT). The Quant network provides interoperability for multiple DLT types and enterprise-grade application development tools. The native Quant token (QNT) is used to access the Overledger DLT Gateway developed by Quant.
Overledger is responsible for DLT interoperability and enables developers to create multi-DLT applications (mApps) utilizing innovative Multi-DLT Smart Contracts. Moreover, Quant provides a variety of exciting and scalable enterprise and developer solutions that are compatible with some of the industry’s largest blockchains. Additionally, the Quant network is easily integrated into existing IT frameworks, making enterprise access to decentralization easier than ever!
What is The Quant Network
The operating system (OS) of Quant Overledger is the first gateway for distributed ledger technology (DLT). Overledger was developed to connect enterprise, public, and regulatory organizations’ existing DLT systems. Quant is an interoperable communications protocol that enables developers and businesses to connect and interact with multiple DLTs simultaneously.
Quant provides enterprise-ready solutions, with a number of patent-protected products currently available and many more in the pipeline. In addition, these solutions are future-proof, offering scalability options with no additional overhead. The Quant network ensures the interoperability of digital asset transfers across any protocol or platform and on any type of distributed ledger.
Quant’s Overledger DLT Gateway supports the top five enterprise-used blockchains, also known as the “Enterprise 5” Ethereum, JPM Quorum, XRP ledger, Hyperledger Fabric, and R3 Corda are among them. In addition to Bitcoin, Binance Chain, and EOS, the Overledger DLT Gateway supports a number of the largest other blockchains.
How Does The Quant Network Function?
Quant is facilitating the interoperability and accessibility of distributed ledger technology (DLT) for enterprise-wide adoption. Using this technology, Quant intends to eliminate a number of obstacles preventing DLT interoperability. This is accomplished using Overledger, an application programming interface (API) gateway that supports multiple types of distributed ledgers.
The Evolution Of The Overledger Network
Overledger Network became operational in June 2020. Multiple distributed ledger networks are currently supported by Overledger Network. Ethereum, Bitcoin, Hyperledger Fabric, Corda, Quorum, and XRP Ledger are among these. Overledger Network is anticipated to be integrated into national and regional distributed ledger networks by the end of 2021. This will enable Overledger to provide access to global DLT infrastructures.
Through Overledger DLT gateways, the Overledger Network connects several public, private, and commercial distributed ledger technologies (DLTs). This is accomplished by providing a variety of DLT resources and tools, such as a REST API, or representational state transfer application programming interface. REST APIs are intended to utilize existing protocols to their fullest extent while allowing developers to create applications without downloading entirely new libraries and software. In addition, the Overledger Network will likely integrate with other open digital assets (ODAP) compliant protocols in the future.
Overledger Network offers “the most advanced DLT interoperability in the world.” Overledger facilitates the establishment of trading relationships and the monetization of data assets and services usable in Overledger applications. In addition, Overledger users can increase their return on investment (ROI) in DLTs by removing many barriers to interoperability between various DLT types and making them accessible to enterprise developers.
In addition, Overledger Network is currently utilized in supply chain management, the financial sector, and the energy industry. As an extension of Quant’s core technology, Overledger Network enables the development of a vast array of cross-DLT applications. By connecting data providers across multiple DLT systems, this technology can streamline and digitize business processes across organizations and industries by removing data silos.
Overledger DLT Gateway
Users can seamlessly interact with Quant’s Overledger DLT Gateway using the REST API. The Overledger DLT Gateway is a communications protocol that sits atop diverse distributed ledger types. In addition, the protocol is utilized without interacting with application-level ledgers. This indicates that utilizing the Overledger DLT Gateway does not necessitate consensus or fork requirements. The Gateway operates without a single point of failure and without transaction bottlenecks.
Quant’s Overledger DLT Gateway is capable of simultaneously interacting with multiple ledgers, enabling future-proof scalability for decentralized applications (dApps) and multi-DLT applications (mDapps). Moreover, creating these applications has never been simpler!
Decentralized applications (dApps) are web applications developed using Web3 infrastructure. There is neither a central governing body nor a single point of failure in these applications, as they are decentralized. When referring to decentralized applications, blockchain technology is typically implied. dApps are distributed across a network of nodes, with transactions and data immutably stored on a single blockchain.
However, multi-DLT applications (mDapps) implement not only blockchain technology but also a variety of other distributed ledger technologies (DLTs). mDapps can simultaneously facilitate transactions across multiple ledgers, whereas decentralized applications (dApps) are limited to a single chain or network. mDapps produce a standard application model that is compatible with multiple DLTs.
Moreover, developers can write smart contracts in any programming language on any distributed ledger technology thanks to Quant’s Overledger DLT Gateway (DLT). This includes DLTs that do not support smart contracts by design. Multi-DLT applications (mDapps) were created to provide horizontal scalability for enterprise-ready distributed ledger solutions.
Multi-DLT Smart Contracts
Multi-DLT Smart Contracts are exclusive to the Quant network and facilitate complex operations across multiple distributed ledger technologies (DLTs). This includes multi-ledger tokens and cross-chain atomic swaps. Moreover, Multi-DLT Smart Contracts, which can be implemented on-chain or off-chain, provide governance for on-chain interactions of Multi-DLT Smart Contracts across multiple DLTs. These smart contracts are indispensable to the Quant network and provide a solid foundation for multi-DLT applications (mDapps).
Quant Token (QNT)
Any developer who wishes to construct on the Overledger platform must possess the native ERC-20 QNT token. Using fiat currency, developers purchase licenses to use Quant Network’s services. Then, Quant Treasury reserves for 12 months a quantity of QNT tokens equal to the amount paid by developers.
Similarly, Overledger clients use the QNT token to pay for read and write activity and the transfer of assets across chains and DLT systems. Once more, fiat currency is exchanged for QNT tokens. However, unlike when paying for licenses, users are not required to lock QNT tokens when paying for read and write operations.
To interact with Overledger and gain access to the Quant ecosystem, users must possess a quantity of QNT tokens. This is due to the fact that the QNT token was designed to facilitate the development, utilization, and access to multi-chain applications (mApps) across the Quant network. According to CoinGecko, there are 12.8 million circulating QNT tokens out of a maximum supply of 14.6 million tokens at the time of publication.
Quant provides developers with solutions for a variety of blockchains, such as Ethereum, Bitcoin, Ripple, Corda, Hyperledger Fabric, and Hyperledger Besu. Quant offers a standard API for interacting with the desired blockchain, which is suited for businesses that wish to develop their own applications.
In addition, developers and businesses will not be required to own or operate their own nodes. This drastically reduces the technical requirements and, consequently, the entry barrier. Consequently, businesses can gain quick and frictionless access to a variety of DLT services. In addition, these DLT solutions are easily integrated with existing systems.
Quant For Enterprise
The Quant network provides a variety of enterprise-ready solutions to assist organizations in achieving secure and private decentralization. This includes the utilization of Multi-Ledger Tokens (MLT), cryptocurrency payment infrastructure, and end-to-end DLT access.
Multi-Ledger Tokens (MLT) were primarily designed for FinTech companies, banking services, and Central Banks. However, any marketplace or micropayment platform can utilize MLT. Quant’s patented MLT technology enables users to mint tokens equal to the value of a fund or asset, which are issued on an enterprise-managed private distributed ledger. The newly issued Multi-Ledger Tokens can then be implemented and integrated with various distributed ledger technologies (DLTs). Using MLT, users can access currency or application tokens that are universally accessible across payment platforms. In addition, this technology offers a faster, cheaper, and more efficient method of sending and receiving funds, as well as transparent real-time status updates.
Quant offers businesses the ability to send and receive cryptocurrency payments immediately. In addition, businesses can choose the currency in which they receive funds, automate crowd-funding processes, and use distributed ledger technology (DLT) to receive payments via Overledger. This provides customers with an extensive selection of payment options. In addition, because Overledger will easily integrate with any future DLT, this creates a scalable and future-proof payment service for businesses.
Quant also provides businesses with end-to-end DLT access, which is ideal for international supply chains. This enables businesses to access multiple distributed ledger technologies (DLTs) through a single, user-friendly application. It allows decentralized finance (DeFi) firms, payment platforms, and other multi-party consortiums to connect and interact with multiple DLTs. Suppliers, customs, logistics, and payments may each utilize a distinct DLT. Therefore, Quant facilitates the safe and secure connection of all these ledgers.
Quant Network and QNT Token Overview
Quant recognized that seamless interoperability was required to facilitate widespread adoption of blockchain technology and distributed ledger technology (DLT) as a whole. This included communication between blockchains, interoperability with other DLTs, as well as frictionless integration with existing enterprise systems and application programming interfaces (APIs). This interoperability is becoming a reality as a result of the Quant network and Overledger DLT Gateway.
Quant combines and organizes various distributed ledger technologies (DLTs) in a single location. Quant also enables the development of applications that utilize multi-DLT tokens and immutable transaction histories across multiple DLTs. Quant is an innovative project with abundant scalability and adaptability. During the recent bear market, the price of the QNT token has appeared to be strong. The Quant network appears fundamentally well-positioned in the cryptocurrency markets.
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