Quant (QNT) is a cryptocurrency launched in June 2018 to connect blockchains and networks globally without compromising the networks efficiency and interoperability. It is the first project that attempts to solve the interoperability issue by creating the first blockchain operating system.

Quant was created as a Distributed Ledger Technology (DLT) or mainnet for operating systems, called Overledger Network, to connect various blockchain networks. The project is referred to as the first operating system developed for blockchains.

The main objective of Quant is to bridge the gap between different blockchains with Overledger. The projects backbone is the Overledger Network, which Quant refers to as the ecosystem upon which the future digital economy will be built.

QNT, an ERC-20 token issued on the Ethereum blockchain, is the utility token of the Quant Network. It is used to pay for applications and services on the Quant network, staking/holding, and paying licensing fees.

Since the introduction of blockchain and Distributed Ledger Technology (DLT), various industries have discovered use cases for these technologies. However, there has been a challenge in achieving seamless interoperability between different blockchain projects. Quant was developed to address this issue by serving as the missing link between various blockchains.

Quant's operating system, Overledger, acts as a gateway for any blockchain-based project to access all other blockchains. It also enables applications within the same blockchain ecosystem, such as Ethereum, to connect with each other.

Quant goes beyond simple interaction with multiple blockchains. It establishes different layers that facilitate interaction at various levels. These layers include transaction handling, message delivery, filtering and ordering, as well as an application for sharing and referencing identical messages related to other applications.

Additionally, Quant's app store has the capability to read and monitor transactions across multiple ledgers. With Overledger, developers can write smart contracts for chains that are not natively supported, such as Bitcoin. The app store also enables the creation and publication of multi-chain applications (MApps).

Gilbert Verdian, one of the founders of Quant Network, had the idea for the blockchain project while working in the healthcare sector. Verdian recognized the importance of interoperability in ensuring that patients registered on different platforms could be captured.

Verdian has over 20 years of industry experience in modernizing security, technology, and business strategies for companies looking to achieve concrete results worldwide.

Before his work at the Quant Network, Verdian served as Chief Information Security Officer (CISO) at Vocalink, a Mastercard company, Chief Information Officer at NSW Ambulance, CISO at eHealth NSW, and Security Lead at the UK Ministry of Justice.

The second co-founder, Dr. Paolo Tasca, is an entrepreneur and digital economist specializing in distributed systems. Dr. Tasca has served as a special advisor for blockchain technologies to the European Parliament, the United Nations, and numerous central banks worldwide.He is also a co-author of several books on fintech and co-founder and chairman of the Retail Blockchain Consortium.

Based on the QNT price history, Quant Network has performed well and delivered good returns to investors in the past. However, we recommend you do your own research (DYOR) before making any investment decisions in the crypto market, owing to the high volatility that digital assets experience.

The overall market conditions and investor sentiment towards cryptos could play a vital role in the price of QNT. As with any cryptocurrency, the price of QNT is subject to fluctuations based on supply and demand in the market. For instance, high demand for digital assets could support the Quant Network price in the market.

Fundamentals such as news and developments related to Quant could also impact the price of QNT. Positive news or announcements, such as new partnerships or integrations, could increase the tokens demand and drive the QNT to USD price.

Quant (QNT) is a cryptocurrency that serves as a utility token within the Quant Network ecosystem. The Quant Network aims to solve the interoperability issue between blockchains by creating a blockchain operating system called Overledger, which allows developers to create decentralized multi-chain applications (MApps) that can interact with multiple blockchains. Here's how to use QNT token:

Utility Token

Quant (QNT) is a utility token within the Quant ecosystem. It is required to pay for the Overledger license that developers need to access the Overledger network and use it for creating MApps. Quant (QNT) is also used as a medium of exchange for transactions and services within the Overledger network.

Staking

Quant (QNT) currently does not support staking, but Quant Network has mentioned in its roadmap that it will implement staking features. Staking allows token holders to stake their tokens in a wallet or smart contract for a certain period and receive rewards or interest for their staked tokens in return. Staking can be a way for token holders to participate in network consensus and earn passive income.

Governance

Quant (QNT) may also play a role in network governance in the future. Governance refers to the decision-making process within a blockchain network, and token holders may have the opportunity to vote on proposals, changes, and upgrades to the network. This could give Quant (QNT) holders a say in shaping the future development and direction of the Quant Network.

Cross-chain Interoperability

Quant (QNT) enables cross-chain interoperability within the Quant Network ecosystem. Overledger, the operating system developed by Quant Network, allows MApps to interact with different blockchains and facilitates communication and data exchange between them. Quant (QNT) can be used to pay transaction fees, services, and access to other blockchains within the Overledger network, enabling seamless interoperability between blockchains.

Digital Asset Management

Quant (QNT) can also manage digital assets within the Quant Network ecosystem. It can be used as a medium of exchange for transactions involving digital assets, such as cryptocurrencies, tokens, and other digital values. This could enable the transfer of digital assets across different blockchains for various use cases like payments, remittances, and asset transfers.

Enterprise Adoption

Quant Network aims to introduce blockchain technology to enterprises, and Quant (QNT) can be used as a means of payment for access to and use of services and solutions provided by Quant Network. Businesses may need Quant (QNT) to pay licensing fees, access Overledger, and utilize other enterprise-oriented solutions offered by Quant Network.

As of April 2023, there are 14,544,176 QNT in circulation, and the max supply of QNT tokens is fixed at 14,612,493.

Yes, it is possible to stake QNT tokens. Staking can be done through various staking service providers. By staking their tokens, holders can lock them in a wallet or a smart contract for a specific duration and, in turn, receive rewards or interest. Staking offers token holders an opportunity to earn passive income and actively participate in network management.

No, Quant (QNT) cannot be mined. Unlike Proof of Work (PoW) blockchains like Bitcoin, where miners use computing power to validate transactions and create new blocks, Quant (QNT) uses a different consensus mechanism called Proof of Stake (PoS). PoS allows token holders to participate in network consensus by staking their tokens as collateral. Miners do not play a role in securing the Quant network, and there are no rewards for mining.