David - Cryptocurrency Enthusiast
Quant Network is a blockchain interoperability project that aims to connect multiple distributed ledgers using the Overledger DLT operating system. The project was founded in 2015 by Gilbert Verdian to improve the communication and effectiveness of information worldwide.
The Quant Network offers an open-source protocol for businesses and developers to connect and communicate with various DLTs simultaneously. The Overledger DLT Gateway, supports multiple blockchains, including Bitcoin, Hyperledger Fabric, Ethereum, R3 Corda and BNB Chain, allowing developers to create decentralized applications (mDApps) that support widely used blockchains.
The Quant Network's native cryptocurrency, QNT, is a revolutionary ERC-20 token that offers blockchain independence, enabling it to seamlessly switch between various blockchain networks. This feature is essential for developers looking to build on the Overledger platform, as it allows for greater flexibility and interoperability. Additionally, QNT tokens are required for end-users to access and utilize the multiple decentralized applications (mDApps) within the Overledger ecosystem, making it a crucial component of the Quant Network's infrastructure. With QNT, the Quant Network aims to bring a new level of interoperability and scalability to the blockchain ecosystem.
The Quant Network's Overledger operating system allows programmers to develop mDApps that support widely used blockchains and offers interoperability through the use of REST APIs. The Overledger protocol architecture's four separate layers offer future-proof scalability and secure communication between networks.
Accessing the services offered by the Quant Network requires the purchase of a license, which can be obtained by developers using fiat currency. These funds are then converted to QNT tokens by the Quant Treasury, allowing businesses to make compliant purchases without the need to interact with cryptocurrency exchanges directly. This streamlined approach to acquiring QNT tokens allows developers to easily access the Quant Network's services and begin building decentralized applications (mDApps) on the Overledger platform.
In conclusion, The Quant Network is a promising project that aims to address the issue of blockchain interoperability by using the Overledger DLT operating system. It offers a unique solution for businesses and developers to connect and communicate with various DLTs simultaneously. With the support of multiple blockchains and the use of QNT tokens, the Quant Network aims to bring a new level of interoperability and scalability to the blockchain ecosystem.
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