What is Quant Network (QNT)? - Kakiforex.com - Financial Market Media No. 1 in the World What is Quant Network (QNT)? What is Quant Network (QNT)?

June 2, 2021

What is Quant Network (QNT)?

 Not sure if you’ve heard of it or not, Quant Network is seen to have strong fundamentals to continue to survive in the long run.

First, you need to know that the Quant Network (QNT) is not a blockchain, but rather an ecosystem that has several components including a blockchain operating system-Overledger OS, multi-chain apps (mApps), Overledger Network, Overledger Network Marketplace, Treasury, and QNT tokens .

Overledger OS as mentioned earlier, allows any blockchain, enterprise platform or network that uses Overledger OS to interact with several different blockchains simultaneously.

mApps is different from decentralized applications (dApps). If dApps are built on one blockchain, mApps are built on several blockchains. Each mApp consists of Treaty Contracts, which are sophisticated programs that allow multiple smart contracts on different blockchain networks to work together.

However, it also depends on the blockchain that is at the base layer. If the mApp is built using Ethereum, then the application can only run 15 transactions per second. If using Solana then the speed is as much as 65,000 transactions per second.

The Overledger Network includes several developers in the Overledger OS. It triggers these parties to trade data and digital applications using the Overledger Network Marketplace. Transactions on the platform are conducted using Treasury, a serial smart contract built on Ethereum.

The token, QNT was developed using ERC-20. It is used to pay for goods, services and licensing costs in the Quant Network ecosystem.

The token once recorded a price drop of almost $ 1.50 when the crypto market slumped in March 2020. However, it recovered with a price increase to an all -time high (ATH), $ 63.41 on May 19, 2021.

It is rumored that their team is in an effort to venture into various sectors such as the health sector, supply chain and financial services.

For example, Quant Health is an app built for health institutions to track electronic health records. In addition, they are also working to provide Overledger as a solution to countries and central banks that want to launch a central bank digital currency (CBDC).

In fact, the collaboration between Quant and Ledger3 can be said to be a huge project in protecting the Australian seafood export market.

If you are interested in QNT, you can get it on several exchanges such as Bittrex, Bilaxy, Uniswap (V2), Hotbit, 1inch Exchange and Bithumb.