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Quant (QNT) operates as a second-layer architecture designed to bring universal interoperability to the market. The platform enables all types of DLT (distributed ledger technology) to communicate data between networks including blockchain, DAG, and Tempo. The goal of the project is to bring enterprise software solutions to the markets that simplify DLT integration and expand the adoption of these technologies.
What Problems Does Quant (QNT) Attempt to Fix?
Quant solves one of the biggest problems facing the DLT sector currently – a lack of interoperability. In its current state, the market is filled with thousands of DLTs. However, the ability of these DLT-based data stores to work together is very limited. This leads to islands of information, extra developer workload, and a host of technical barriers.
Quant eliminates these problems and connects public and private networks utilizing proprietary software called the Overledger. This protocol enables multi-chain communication in a seamless manner. As such, developers can build more powerful and robust applications utilizing Quant.
Benefits of Quant (QNT)
Quant introduces a host of features and benefits that make it unique in the market. For one, it’s designed from the ground up to remove all technical barriers to DLT integrations. The protocol is simply and easy to install. You don’t need to know smart contract languages, cryptography, or DLT data structures to set up your network. The interface reduces the technical complexity of the entire process.
Universal DLT Interoperability
Quant enables users to connect to all types of DLTs. The network APIs make DLT technology accessible for mainstream enterprises. Developers, governments, and individuals can now leverage the full power of DLT technology without the need to hire professional programmers.
Quant works with existing technology stacks and protocols. The network leverages ISO DLT-interoperability standards to ensure the fast, easy deployment of business solutions. It’s also flexible. You can exchange assets and information between any two networks regardless of the type.
Quant was designed by a team with years of experience in enterprise security and nation-level critical systems. The platform employs some high-level security features to keep your data safe. For example, the gateway does not store information. Instead, it operates as a second layer that orchestrates the interactions between the various ledgers. Notably, all data remains encrypted at the source.
This strategy adds no additional DLT, consensus, bottleneck, complexity, fork requirements, or single point of failure in the communication between the various ledgers. Specifically, the network utilizes single standards-aligned APIs to remain secure.
Quant is 100% compliant. This was seen as a necessary requirement as part of the firm's goal to service large enterprise clientele globally.
Quant’s unique approach is more cost-effective than the competition. Keenly, Quant was built to operate as a software solution over the current networks in place. It doesn’t require new infrastructure which can also lead to the introduction of bottlenecks. In most integration, the standard settings are all that’s needed to get the operation going.
How Does Quant (QNT) Work
Quant is an Ethereum-based platform. It leverages the security of one of the top blockchain networks in the world. Additionally, Quant enjoys interoperability within the Ethereum ecosystem. This network consists of DEXs, DeFi platforms, wallets, games, and more.
Quant introduces a modular architecture that doesn't interact with the various ledgers at the application layer. Instead, the system operates above the networks. As an off-chain solution, Quant enjoys vertical scalability and is future-proof.
The Overledger network is responsible for securing the exchange of data and value using Quant. The protocol accomplishes this task regardless of underlying technology by utilizing the Overledger Gateway. Once connected, the users can freely exchange data within the trusted ecosystem.
Overledger DLT gateway
The Overledger DLT Gateway is among the first DLT interoperability protocols designed specifically to service large enterprise clientele. The system enables any company to enjoy interoperability across different systems, networks, and DLTs. Notably, the system even allows the interoperation of any type of data, state changes, smart contracts, IDs, or digital assets (fungible and non-fungible) between ledgers.
Impressively, Quant’s Overledger DLT Gateway enables Smart Contracts to be written in any programming language on any DLT Overledger DLT Gateway. Currently, this system supports the Enterprise 5:
- Hyperledger Fabric
- R3 Corda
- JPM Quorum
- XRP ledger
Quant (QNT) mDapps
mDapps are one of the premier features of Quant. This protocol enables decentralized applications to operate on multiple blockchains at once. The goal of these applications is to enable developers to benefit from the simultaneous use of multiple ledgers. For example, they could utilize consensus from one chain while leveraging data from a completely different private network.
Multi-Dapp Smart Contracts
Multi-Dapp smart contracts allow developers to create complex operations that interact between different DLT technologies seamlessly. These contracts are flexible and can be set up to operate off-chain or on-chain.
Quant (QNT) Remote Connector Gateways
The Quant Remote Connector Gateways provides another layer of interoperability to the system. This protocol empowers hosts to share access to their DLT nodes with Overledger DLT Gateways. There are Remote Connectors Gateways (RCGs) and community RCGs. The main difference between the two is that community gateways can create nodes for one or more public ledgers directly.
Quant is based out of London, UK. It operates under full compliance with UK regulations and was recently recognized as a Gartner Cool Vendor 2019. The firm continues to expand its network via partnerships and new services.
How to Buy Quant (QNT)
Quant (QNT) is available on the following exchanges:
Uphold – This is one of the top exchanges for United States & UK residents that offers a wide range of cryptocurrencies. Germany & Netherlands are prohibited.
Paybis is a truly global company offering services to residents from 180+ countries, including Canada, Europe, UK, & USA.
Kraken – Founded in 2011, Kraken is one of the most trusted names in the industry with over 9,000,000 users, and over $207 billion in quarterly trading volume.
The Kraken exchange offers trading access to over 190 countries including Australia, Canada, Europe, and is a top exchange for USA residents. (Excluding New York & Washington state).
Uphold Disclaimer: Terms Apply. Cryptoassets are highly volatile. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong..
Connecting DLTs to Save Enterprises Billions
Quant provides a much-needed service to the market. The protocol reduces the cost of DLT integration significantly and enables any business to enjoy the added efficiency and security these networks provide. You can expect to see more from Quant as interoperability continues to be the main concern for these communities.
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