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Quant (QNT) is the native coin of the Quant Network, a blockchain platform that makes it easier for blockchains to operate with one another. It aims at connecting blockchains and networks on a global scale, without reducing the efficiency and interoperability of the network. It is the first project to solve the interoperability problem through the creation of the first blockchain operating system.

The project is built as an operating system distributed ledger technology— and Overledger Network — for connecting different blockchain networks.

The main aim of Quant — using Overledger — is to bridge the gap that exists between different blockchains. The backbone of the project is the Overledger network, which Quant bills as the ecosystem on which the future digital economy ecosystem will be built.

What Makes Quant Unique?

Since the introduction of blockchain and the distributed ledger technology, innovators have found use cases in almost every known industry. However, there has been the problem of seamless interoperability between these projects. Quant was created to be the missing link between the “different” blockchains.

Quant’s operating system, Overledger, was designed to act as a gateway for any blockchain-based project to access all other blockchains. It also works in connecting an application to other applications in the same blockchain ecosystem, like Ethereum.

More than multiple blockchain interactions, Quant creates different layers for apps to interact at different levels. Quant has different layers for transactions, messaging, filtering and ordering, and an application for sharing and referencing identical messages related to other applications.

The Quant App Store has the ability to read and monitor transactions across multiple ledgers. Using Overledger, developers write smart contracts across a wide variety of chains including those that don’t support them — such as Bitcoin. Overledger also allows developers to create and release decentralized multi-chain applications (known as MApps) for their customers.

How Does Quant (QNT) Work?

Quant is one of several blockchains trying to bring about interoperability and end the era of “blockchain maximalism.”

The Quant Network lets blockchain developers launch their multi-DLT dapps (mDApps) on several blockchains at once. This interoperability prevents the risk that a developer will devote time and money to building on a blockchain that fades from popularity in a few years.

In addition, developers can benefit from the network effects of the largest blockchains and ecosystems without having to discern which one is most likely to succeed and can take advantage of a given blockchain’s advantages.

QNT is the glue that holds the entire operation together. It’s an ERC-20 utility token (meaning it’s housed on the Ethereum blockchain) that’s used to pay for the licenses and annual fees that developers need to access the Quant Network and to pay for items within Overledger.

Quant’s focus is on connecting private blockchains (business blockchains, like ConsenSys’ Quorum and R3’s Corda) with public ones (like Ethereum). While Quant isn’t on the Ethereum Virtual Machine (EVM), it allows companies to interface with the EVM through the Overledger API. Several other blockchains, like Avalanche, Binance Smart Chain and Fantom, are compatible with the EVM, meaning that developers can redeploy apps on other blockchains without expending additional resources.

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