Quant (QNT) is a native token on Quant Network, which can be called a blockchain operating system — a platform designed to bring interoperability to the blockchain world by serving as a bridge between the different distributed ledgers. It was founded in 2018. Quant’s CEO Gilbert Verdian is an experienced tech manager. His previous work included making sure that there’ was sinters portability between different healthcare platforms, where he got the idea for Quant.
It is designed so as to bring interoperability to the blockchain world by serving as a bridge between the different distributed ledgers. It was founded in 2018. Quant’s CEO Gilbert Verdian is an experienced Tech Manager. He had derived the idea of interoperability while working on different healthcare platforms, from where the idea for Quant originated.
Quant’s Overledger Network, which is its main product, is an enterprise solution using an API gateway as a way for companies to connect their blockchain project to multiple blockchains. Blockchain developers can also make multi-chain applications (MAPPS) based on the Overledger platform.
Quantis designed to work with any distributed ledger architecture, not just those based on the blockchain technology, but also, unlike Layer 2 solutions, deploying Quant doesn’t require making changes to the existing DAG blockchain infrastructure — REST API provides an easy way to connect to the chain.
Quant(QNT) coin is a utility token that enterprises and developers have to purchase and lock in a payment channel in order to use the platform. QNT crypto token also serves as an annual fee to operate the gateway, in exchange for a percentage of the transaction fees.
Quant is an Ethereum token used to enable Quant Network’s Overledger brand of business software solutions to connect social blockchain with private networks. Quant Network supports the creation of multi- Distributed Ledger Technology that facilitates custom applications to run on multiple blockchains simultaneously.
The Quant network was launched in June 2018, which means it has been in the market for less than five years.
Around this time, the project held an Initial coin offering (ICO) where it raised about $11million equivalent to 83.78 Crore INR.
In addition, its ecosystem is built around Overledger, and it deals with blockchain interaction problems without the use of any sophisticated software. According to the technical analysts, the future of investing in Quant might be one of the most profitable decisions for investors