Quant is quite different in its utility compared to most other blockchain-based projects in that it allows blockchains to “talk” to one another quite simply. As such, it offers several advantages over other projects, including:
- Flexibility. The option and ability to move to different ledgers if the underlying technology becomes obsolete or transaction fees can be too high, meaning Overledger users can take advantage of its availability, potentially saving them money.
- Backward Compatibility. Overledger offers the ability to connect to older or “legacy data sources” via external APIs, taking advantage of key aspects of blockchain technology.
- Simplicity. Overledger was designed for ease of use, and its development interface is highly standardized. DApp developers can quickly learn the Overledger API to produce cross ledger and standard applications, reducing time to market while simultaneously democratizing development.
What is Quant?
Quant (QNT) is an Ethereum token and the system native currency of Overledger, the “world’s first blockchain operating system.” The idea behind Overledger is to connect different blockchains, and at the same time, connect existing non-blockchain networks to blockchains, thereby facilitating the creation of “internet-scale multi-chain applications,” which are otherwise known as mApps. Overledger thereby serves as an agnostic platform capable of connecting different networks worldwide to blockchains, enabling its users to avoid having to rely on anyone single vendor or technology. In this way, it helps simplify the development of apps that can run on a multitude of blockchains.
Where to Buy Quant (QNT) in the US?
QNT is available to trade on the following cryptocurrency exchanges:
Where to Buy Quant (QNT) in Europe and the Rest of the World?
Users outside of the US have a broader selection of exchanges to choose from:
- Gate.io – 2 markets offered, QNT/USDT and QNT/ETH
- KuCoin – QNT/USDT
- Bittrex – QNT/BTC
- Coinbase – QNT/USD
- Bithumb Global – 2 markets offered, QNT/BTC and QNT/USDT
How to Buy QNT on Gate.io
- Visit Gate.io
- Create a Gate.io account by providing:
- To do this, you’ll need to buy some Tether (USDT) or Ethereum (ETH) from a different exchange. You will need to trade with the QNT/USDT or QNT/ETH pairings. Here are the most trusted brokers of these cryptocurrencies:
- Once your USDT has deposited, visit the trading pair here
How Quant Works
Quant works primarily as a payment mechanism for Overledger, a blockchain Operating System (OS) built to process data from or to any blockchain, therefore allowing DApps to exchange information across blockchains. To accomplish a universal level of interoperability and provide horizontal and vertical scaling, Overledger reduces blockchain architectures to four different components: “transaction layers,” “messaging layers,” “filtering and ordering layers,” and “application layers.” Their architecture follows similar principles that inspired classic internet data relay models by redistributing tasks through the four different layers. In doing this, Overledger enables developers to create multi-chain applications (“Mapps”), which are DApps that run seamlessly using the same business logic across differing blockchain networks and platforms.
History of Quant
Blockchain technologist Gilbert Verdian founded the Quant Network in 2017. The idea of intertwining blockchains was brought on by the rapid increase in the number of platforms built on Ethereum during 2017, which has started to raise questions on the limitations of using a single protocol, thus ushering in need for a system of interconnecting various blockchain platforms. The QNT token sale lasted for one day only, in March 2013. The QNT token first hit the cryptocurrency markets in August 2018 and, unlike most other ICO products launched that year, steadily increased in value through the year’s end. By February 2019, it had entered the top 100 coins by market cap.