QNT

What is Quant (QNT)

The Quant Network is an innovative blockchain platform focused on solving the problem of interoperability across various blockchain networks. It is best known for its development of Overledger, which is often described as the first blockchain operating system. Overledger enables the connection of different blockchains, allowing for the transfer and sharing of information and assets across diverse blockchain networks.

This capability addresses a significant challenge in the blockchain world: the isolated nature of existing blockchains. Each blockchain has its unique features and strengths, but traditionally, they have operated independently. The Quant Network's approach allows for the creation of multi-chain applications (MApps) that can interact with multiple blockchains simultaneously.

The platform's use of its native token, QNT, facilitates access to its network services, including transaction processing and the development of MApps. The Quant Network is particularly focused on providing enterprise-level solutions, enabling businesses and organizations to harness the power of blockchain technology in a more flexible and efficient manner.

By prioritizing security and regulatory compliance, the Quant Network appeals to a wide range of industries, especially those operating in regulated environments. Its approach to blockchain interoperability has the potential to drive innovation and broaden the adoption of blockchain technology across various sectors.

How does Quant (QNT) work?

The Quant Network addresses the issue of blockchain interoperability through its core component, Overledger, which functions as an API gateway supporting multiple distributed ledgers. An API, or Application Programming Interface, facilitates communication between computer programs. Overledger's operating system enables developers to create multi-DAPPS (mDApps) compatible with widely-used blockchains, a capability made possible by Overledger's four-layer protocol architecture.

1. Transaction Layer: This layer stores transactions verified by distributed ledger technology. It ensures that transactions verified on one ledger are not re-confirmed by another, streamlining the consensus process across different blockchain domains.
2. Messaging Layer: Unlike the transaction layer, which is divided into separate ledgers, the Messaging Layer records transactions from all ledgers in a shared channel. It aggregates all transaction-related data, including smart contract details and messaging digests, from each ledger in the Transaction Layer. The contents of the Messaging Layer are concealed from the Transaction Layer, allowing the amalgamation of transactions from all ledgers.
3. Filtering and Ordering Layer: This layer filters and sequences the messages from the Messaging Layer, especially those referred to in the digest of off-chain messages. It ensures that messages meet the specific requirements and schema of the application. For example, an application might only validate transactions involving a certain amount of coins or restrict transactions to specific addresses.
4. Application Layer: Governing the interactions with blockchains, this layer sets the rules and methods for engagement. It segregates each multi-chain application, ensuring independent operation. To engage with Overledger, multi-chain applications must adhere to two sets of rules: one mandatory, the other optional. These rules define the protocols for interacting with other users, programs, and the Overledger system itself. Applications communicate through the Messaging Layer, with messages that meet specific criteria moving through the Filtering and Ordering Layer to the Application Layer.

History of Quant

1.Foundation and Early Development (2015-2017):

• 2015: Quant Network was founded by Gilbert Verdian, who envisioned a solution to the interoperability problem in blockchain ecosystems.
• 2016-2017: Initial development of the Quant Network began, focusing on creating a technology that could seamlessly connect different blockchains.

2.Launch and Introduction of Overledger (2018):

• Early 2018: Overledger, the network's flagship blockchain operating system designed for interoperability, was officially introduced.
• Mid-2018: Quant conducted its initial coin offering (ICO) to raise funds for further development and expansion.

3.Expansion and Enterprise Focus (2019-2020):

• 2019: The focus shifted towards enterprise adoption, with the team working on making Overledger scalable, secure, and enterprise-friendly.
• 2020: Enhancements were made to Overledger to ensure regulatory compliance, making it more appealing to enterprises in regulated industries.

4.Growing Ecosystem and Community Engagement (2021-2022):

• 2021: Quant began emphasizing community development, providing resources and tools to developers for creating applications on Overledger.
• 2022:Continued efforts to expand the ecosystem, including partnerships and collaborations with other blockchain networks and enterprises.

5.Ongoing Development (2023-Onwards):

• 2023 and Beyond: The focus remains on advancing interoperability solutions, improving security features, and fostering innovation within the blockchain space. The team continues to work on making blockchain technology more accessible and useful for a broader range of users, especially enterprises.

Tokenomics

Token Utilities

QNT is the native utility token of the Quant Network, and it plays several crucial roles within the network's ecosystem. The utility of the QNT token includes:

• Access to the Overledger Network: QNT tokens are used to access the Overledger network, Quant's blockchain operating system. Developers and users need QNT to create and run multi-chain applications (MApps) on the platform. The token acts as a key to unlock the network's functionalities.
• Transaction Fees: Transactions on the Quant Network, including those involving the creation and operation of MApps, require QNT tokens as payment for transaction fees.
• Licensing:Enterprises and developers may use QNT tokens to pay for licenses to use Overledger for their blockchain projects. This could include licenses for various levels of access or capabilities within the network.
• Gateways Payment: Participants who run gateways on the Quant Network are compensated in QNT tokens. These gateways facilitate the interoperability of different blockchains within the network.
• Settlement: QNT can be used for the settlement of contracts and agreements within the network, particularly in transactions involving multiple blockchains.

Token Distribution

The total supply of QNT is 14,612,493 . This is split into the following:

• 9,964,259 — Amount sold to the public during the ICO
• 2,649,493 — Is for the company reserve and used for Research and Development, Facilities, Infrastructure, Legal / IP, Marketing, Exchanges
• 1,347,988 — is for the company founders
• 650,753 — is for the company advisors

Why Is Quant (QNT) Valuable?

The Quant Network's value arises from several key aspects of its technology and approach, which position it distinctively in the blockchain ecosystem:

• Interoperability Solution: One of Quant's most significant contributions is addressing blockchain interoperability. By enabling seamless communication and functionality across different blockchain networks through Overledger, Quant Network provides a much-needed solution to the fragmented blockchain landscape. This interoperability is critical for realizing the full potential of blockchain technology in various applications and industries.
• Enterprise-Oriented Approach: Quant Network focuses on providing solutions for enterprises, a sector with specific needs for security, scalability, and compliance. By catering to these requirements, Quant opens up blockchain technology to a wide range of business applications, potentially driving broader adoption and increasing its own value in the process.
• Innovative Technology – Overledger: The development of Overledger, the blockchain operating system at the heart of Quant Network, is a technological innovation. Overledger allows for the development of multi-chain applications (MApps) that can interact with multiple blockchains, offering developers flexibility and broader possibilities for application development.
• Regulatory Compliance: Recognizing the importance of regulatory compliance, especially for enterprise clients, Quant Network prioritizes meeting these requirements. This focus on compliance makes it more attractive for businesses in regulated industries and can drive adoption.
• Scalability and Efficiency: The network addresses key issues like scalability and efficiency, which are critical for the practical use of blockchain technology in large-scale applications. By resolving these issues, Quant enhances its appeal to a wide range of potential users and applications.
• Limited Token Supply: The limited supply of QNT, the native token of the Quant Network, adds to its value. A capped supply can lead to scarcity, which, when coupled with increasing demand, may increase the token's value.
• Ecosystem and Community Development: The growth of the Quant Network ecosystem, including partnerships and community engagement, contributes to its value. As more developers and users join and build on the network, its utility and relevance in the market grow.