What is Quant (QNT) and How Does It Work?

Quant is a crypto-industry service provider facilitating data communication and connectivity between private networks (like banks or corporations) and public blockchains. A little like a blockchain oracle consultant and software developer.  

Case in point, Quant’s enterprise software Overledger was designed to facilitate a conduit between public blockchains and private networks, enabling access for blockchain projects to interact across diverse blockchain networks.

Quant is actively engaged in the advancement of central bank digital currencies (CBDCs), drawing from their prior involvement with central banks in the United States and the United Kingdom. 
 

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Quant Network, founded by Gilbert Verdian in 2015, garnered over $11 million through a successful initial coin offering (ICO) in April 2018. Gilbert Verdian, serving as CEO, holds prominent positions including Chair of the UK Blockchain and Distributed Ledger Technology committee and membership in the EU's Blockchain Observatory and the Federal Reserve. Co-founders Colin Paterson and Paolo Tasca joined in 2017, with Paterson as Chief Technology Officer and Tasca as Chief Strategist. Tasca later transitioned to an advisory role and holds various positions including Executive Director of the UCL Centre for Blockchain Technologies and Co-Chair of the Hedera Treasury Management and Token Economics Committee. Colin Paterson, a cybersecurity expert, has held positions at Deutsche Bank and Vocalink, acquired by Mastercard in 2017. 

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Quant (QNT) operates through its innovative Overledger Network, which serves as a bridge connecting various blockchain networks, enabling them to communicate and share data seamlessly. At its core, the Overledger Network facilitates the creation of multi-chain applications (MApps) that can function across different blockchains. This is achieved through Quant's unique gateway technology, which provides a universal language for blockchain interaction. By enabling interoperability, Quant breaks down the barriers that typically isolate blockchain ecosystems, allowing for more integrated and efficient decentralized solutions.

The Overledger Network leverages APIs and SDKs to simplify the process for developers to build and deploy these MApps. These tools ensure that developers can easily integrate their applications across multiple blockchains without compromising security or performance. Additionally, Quant's architecture supports scalability and robustness, making it suitable for a wide range of use cases, from financial services to supply chain management. Through its focus on interoperability, security, and developer-friendliness, Quant is driving the next generation of blockchain applications that can operate cohesively in a multi-chain environment.

QNT is an ERC-20 (Ethereum) token integral to driving the functionality of Quant Network's Overledger suite of software solutions. QNT tokens are used to access the Overledger network and are necessary for reading from and writing to multiple blockchains; QNT, therefore, enables these functionalities—or the secure, simple, and cost-effective connection between public blockchain, private networks and/or various private blockchains and crypto networks. QNT also facilitates the creation of multi-chain applications (MApps).  

Crypto disclosure 

Crypto asset statement

• The Quant Network offers an infrastructure for seamless connectivity between distributed ledger networks, with Overledger acting as an API gateway.  
• Overledger facilitates multi-chain application development by connecting different blockchains for data and asset transfer, leveraging the strengths of each blockchain.
• QNT tokens power the ecosystem, used for accessing Overledger, paying licensing fees, and creating blockchain-agnostic tokens through the QRC-20 standard.

Start Trading Quant (QNT) on Ndax

• To buy Quant (QNT) in Canada, you can set up an account on a cryptocurrency trading platform such as Ndax and buy QNT directly with the Canadian dollar.
• You can also buy Quant in Canada using a peer-to-peer trade. However, using platforms such as Ndax will allow for safer, easier, faster, and more affordable transactions.

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Storing your Quant (QNT)

It is highly recommended that you store Quant (QNT) in a cryptocurrency hardware wallet. However, at Ndax we have all the security measures in place to allow you to safely store your cryptocurrency on our platform. See Ndax Security. For cold wallets, check out Ledger or Trezor for your hardware wallet needs.

Quant (QNT) stands as a testament to the transformative power of blockchain technology, transcending traditional financial boundaries to forge a new paradigm in connectivity and interoperability. As the digital economy evolves, Quant's Overledger network emerges as a pivotal innovation, enabling diverse blockchain networks to communicate seamlessly, thus amplifying their collective strengths. This breakthrough heralds a future where financial institutions, enterprises, and blockchain ecosystems coalesce into a unified, efficient, and agile digital landscape.

The journey of Quant is not just about technological advancement; it is about the realization of a vision where data flows unimpeded across multiple chains, fostering a level of collaboration and access previously unattainable. By investing in QNT, one is not merely participating in a cryptocurrency movement but is also contributing to a foundational infrastructure that promises to redefine our interaction with the digital world.

As we stand on the cusp of this new era, Quant invites us all to explore its potential, engage with its community, and contribute to a platform that is shaping the future of finance and technology. The significance of Quant in the cryptocurrency space is undeniable, and its continued development is something to watch with keen interest and active participation.

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