Review on Quant by David Olayide

Name: Quant
Item: Quant
Rating: 4

March 29, 2021

Quant Crypto

Quant is an operating system distributed ledger technology and Overledger Network, that was built and developed for the purpose of connecting different blockchain networks together. Quant as a project, was launched in June 2018 with the goal of connecting blockchains and networks on a global scale in a way that would not reduce the efficiency and interoperability of the network. The Quant project, is regarded as the first project to solve the interoperability problem through the creation of the first blockchain operating system.

Quant utilizes Overledger to closeup, or fill the gap that is present between different blockchains. So you can easily say, that spine of the project is the Overledger network, which Quant refers to as the ecosystem on which the future digital economy ecosystem will be built. Overledger also allows developers to build decentralized multi-chain applications also known as MApps for their customers. For developers to build a Mapp on the network, they must hold a certain amount of Quant tokens (QNT).

When it comes to the blockchain technology and cryptocurrencies, the use cases are numerous and almost unlimited. Very many fields are covered with even more being discovered and implemented everyday. However it is very noticeable that there is very little interoperability between a lot of these blockchains, and it is this particular problem, that Quant aims to a achieve.

 Overledger, which is Quant's operating system, was designed to act as a gateway for any blockchain-based project to access all other blockchains. Additionally, it also works in connecting an application to other applications in the same blockchain ecosystem, like Ethereum. There’s currently a maximum supply of 14,612,493 QNT tokens, and a circulating supply of  12,072,738 QNT tokens. Bittrex, Bilaxy, HotBit, Uniswap, are some of the cryptocurrency exchanges that supports the trading of this token.

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