About the Quant project
Quant Network is a technology company from the United Kingdom specializing in providing interoperable solutions connecting multiple protocols, blockchains, or other distributed networks. It offers a suite of services and products, including Overledger OS, an operating system with distributed ledger technology, and Overledger Network, a decentralized “network of networks” that connects various DLT ecosystems.
Quant’s Overledger Network was officially launched in June 2020. The platform uses the QNT utility token (an ERC-20 token issued on the Ethereum blockchain) to verify transactions, pay network fees, and reward members who provide services to users.
LATOKEN review. What makes Quant unique
Quant’s goal is to connect the various DLT networks to ensure the interoperability of the blockchain industry. The company’s largest platform, Overledger Network, was first announced in September 2019. The company described it as a solution to enable enterprises to connect their own networks to various DLT networks. To do this, the Overledger Network uses “gateways,” which are hosts that provide access to either authorized corporate registries or unauthorized blockchains.
Overledger allows users to create decentralized multipurpose applications that are not tied to a single blockchain. Users can run apps, smart contracts, agreements, or move data across various blockchain technologies.
Capabilities of Quant (QNT)
Overledger is the platform that multipurpose decentralized applications will run on. Quant Network will provide tools for developers to build applications for interoperability between blockchains using a software development kit (SDK).
Quant will completely change how people interact with blockchains. A good example would be the recognition of a person’s personality by one subject. By integrating Overledger, an identifier created on a specific blockchain can be recognized on every other blockchain connected through Overledger. As a result, consumers don’t have to constantly create accounts and remember all those passwords.
Besides, the Quant Network will incentivize developers by launching its own App Store. By allowing Overledger to be widely used through open-source, the Quant Network can reward developers by distributing tokens in their applications.
How the Quant Network is secured
QNT is an ERC-20 token issued on the Ethereum blockchain. That is, Ethereum validators are responsible for the security of any transactions in the chain. Ethereum relies on a Proof-of-Work consensus algorithm, in which miners compete with each other to add new blocks to the blockchain, and most of all nodes on the network must confirm the entry to publish it.
Quant states in its community whitepaper that it takes cybersecurity seriously and that its team members have years of experience in this area. QNT is used to validate every transaction on the network with the additional ability to sign and encrypt transactions. All businesses, developers, users, and applications must validate every transaction, and with encryption, Quant itself can neither view nor modify the transaction.
QNT can be purchased and traded on our exchange, that is why we wanted to share this LATOKEN review. To do this, follow the link below and start trading now.
- Ranked #2 worldwide in the startup tokens primary market with 220+ IEO’s since 2017.
- Has over 2 mln registered users, over 1 mln Android app installs.
- Is in the TOP 10 of CoinGecko rank by the amount of token pairs and coins listed.
- VCTV, a live streaming panel with high-profile industry leaders, produced over 500 shows to advise traders and investors how to navigate the crypto world with discussions, news updates, and interviews.
- Advisory Board includes former CFOs from JP Morgan and Paypal.
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