Quant

Quant

Quant

Quant

QNT
Founded
2018
Price
$55.92
Your Income
1.14 K QNT
QNT vs US
0.004%
Market Cap
$813.04 M
Separate Merge Volatility

QNT/USD - Price

Interval: Hours Days Months
Period: 1D 7D 14D 30D 60D 90D 180D 360D 720D 1080D

90 Days Average: $ Volatility Score (from 1 to 100)

QNT/USD - Market Cap

Interval: Hours Days Months
Period: 1D 7D 14D 30D 60D 90D 180D 360D 720D 1080D

90 Days Average: $

QNT/USD - Daily Volume

Interval: Hours Days Months
Period: 1D 7D 14D 30D 60D 90D 180D 360D 720D 1080D

90 Days Average: $

QNT - Supply

Interval: Hours Days Months
Period: 1D 7D 14D 30D 60D 90D 180D 360D 720D 1080D

90 Days Average: QNT

The heart of the Quant project is the Quant Network as a technology that automates trust functions between multiple blockchains using the Overledger operating system. The system is billed as the first operating system to connect blockchains and networks on a global scale, but without hindering their interoperability.

Overledger represents the core around which a future digital economy ecosystem is expected to be built, allowing developers and businesses to build decentralized multi-chain applications (known as MApps) for their customers. However, becoming a part of Overledger will only be secured using QUANT (QNT) tokens, which are used to pay platform usage fees or annual licenses.

The idea for creating the Overledger/Quant was birthed in the head of the project’s CEO and founder Gilbert Verdian while working in the healthcare sector. He then identified the crucial role of interoperability in ensuring coverage for patients registered on diverse networks and featured across multiple datasets. With this in mind, the team led by Verdian set about solving a bunch of problems to create a future concept called the “Internet of Trust”:

  • Although blockchain and distributed ledger technologies are finding a growing number of use cases, they still lack seamless interoperability between internal ledgers and external networks. Quant must bridge this gap as the “missing link” of blockchain. Overledger is supposed to provide each network used for a specific purpose with a gateway to all other blockchains, something like a “magical” portal with a functional interface. The same goes for supporting communication between applications within the ecosystem with the desired blockchain. At the same time, interoperability is not limited to transferring value between blockchains. Without being forced to add another blockchain, users can rely on the trust and security of the source chain.
  • Developing specific blockchain-based solutions should not lead to higher costs and technological requirements. With Quant, businesses are not limited to accessing a single blockchain, meaning their applications can implement and offer various features from all blockchains to the platform that enables access.
  • Overledger is a technologically agnostic platform. Users who want to work with it are not limited to one technology provider trying to connect to different networks and blockchains. Choosing the best system based on the need to meet various technological and business requirements of a blockchain for use with dApps can be a complex task. By allowing the users to use the Overledger, the team hopes to speed up the adoption of both new applications and their features.

Removing communication barriers between blockchains and supporting the use of MApps as dApps running on multiple different ledgers prompted the Overledger team to design an architecture that should support interoperability and scalability. The architecture in question was inspired by the TCP/IP models used with the communication networks. The developers decided that organizing it based on layers that perform separate tasks was the best way to achieve the platform’s goals, leaving Overledger with the following components:

  • Transaction Layer. This layer handles the storage of transactions using ledger technology. It is home to all operations required to reach the consensus in several blockchain domains. This process is more straightforward by placing all related functions in a single layer. Yet, the scope of transactions made on a specific blockchain is limited to that domain, meaning they cannot be made valid in other ledgers.
  • Messaging Layer. This logical layer tackles all information retrieved from the deemed relevant ledgers. Types of information include smart contract data, metadata, and transaction data. When it comes to metadata, the added strings usually represent the digest of out-of-chain messages which can be interpreted as the payload. This layer is also used for storing all transaction information and the digests of the messaging between multiple applications.
  • Filtering and Ordering Layer. This layer also handles messages, particularly those extracted and composed of the transaction information. Messages specified in the transaction via a hash exchanged off-chain undergo ordering and filtering. In addition, this layer is tasked with establishing relationships between messages originating from the messaging layer. This layer also validates off-chain messages for the metadata. The validation engine verifies application requirements that can be determined from transaction data. For instance, an application in question can only accept transactions involving a particular address or may need payment in tokens to be transferred. Based on the filtering performed at this layer, applications can only consider messages that involve moving a predetermined amount of tokens to a specific address.
  • Application Layer. Messages considered valid based on the required format and signatures can update the associated application’s state. Different applications may share identical messages or make references to messages related to other applications. These references use unique hash pointers referring to transactions in the message digest ledger. These pointers refer to the storage location of a particular cryptographic hash. They also function as identifiers to identify a transaction from a database and confirm its unchanged status.

QNT are tokens whose leading role is to provide digital access to a particular service, or an application (MApp) made part of the Quant platform. Login is provided for both users and developers.

The access fee will also be based on the fixed amount in fiat currency, depending on the number of tokens. For example, consumption fees for developers and enterprises at 10 USD per month include payments to Quant Treasury based on the equivalent price in QNT tokens.

As the number of users increases and the accompanying change in demand for QNT, the total number of tokens required to access the platform and applications may vary depending on the value of the tokens. Their number in circulation (as of March 2019, these figures amounted to more than 9 million out of 14.6 million in supply). Fixing the value of access fees to fiat should allow developers to hold more flexible amounts of QNT as its price can change against fiat. As of March 2019, Quant’s market capitalization stands at US$34 million, with QTN traded on cryptocurrency exchanges such as Bittrex, HotBit, and others.

Other Cryptocurrencies
Early Bonus Program

Starting on 01 January 2024, and goes for the next 365 Days.

Every day remaining equals 10 CryptoTeka Tokens multiplication.

58 Days Remaining.
580 bonus CryptoTeka Tokens.

CryptoTeka Connect

Crypto Deals
Register on Binance Register on Coinbase Register on KuCoin Register on Huobi Global Register on Bitfinex Register on Gate.io Register on CoinList
Crypto Movers

Get Notifications on the Top 1000 Cryprocurrencies every 10 minutes.

Crypto Subscribers

Get on our contact list, and we'll keep you up to speed.

The latest Crypto news and expert insight sent to your inbox for free.

Subscribe for push notifications.

Free Crypto push notifications to your computer or phone.

Subscribe for Blockchain projectsSubscribe now

cryptoteka.io
Powered by
Coingecko Marketstack Metals-API World Bank

Change Default Currency

Fiat Currencies

Cryptocurrencies