Quant network3/2/2023 They know firsthand how difficult it can be to onboard businesses onto the potential of the blockchain. The Quant Network is certainly focused on Enterprise-based solutions. It’s an ERC-20 token built on the Ethereum network. The tokens act as a license key to access the ecosystem or execute applications within it. Developers using Quant to build their own MApps must also pay in QNT. The same is true for all other features of the network, including Gateways, Platform Fees, and Add-On Services. For example, to enjoy the benefits of the interoperability of the Quant Network, users must pay in QNT. It is primarily used to access the Quant Overledger DLT port. The QNT token is the backbone of the quant network. Naturally, this does mean the QNT network will act as a go-between for customers and the blockchain, with the trade off being the interoperability between each different DLT. Most excitingly, the opportunity is to build decentralized multi-chain applications (known as MApps) for their user base, which could – if the API remains solidly integrated to the evolving blockchain space – give rise to impressive supra-apps that everyday retail and business users can take advantage of. The Quant Network aims to create an easy-to-use layer for every business to be able to run on the underlying “code” of multiple, distributed DLT systems. Think of it as an operating system for all blockchains. It also gives a chance for developers with no knowledge of DLTs to build systems on the blockchain, with Overledger handling all the complexity of smart contract languages, data structures and so on and so forth. As the API is a single standard, enterprises can utilize DLT actions through it comfortably.Įffectively, the Quant Network manages its own set of private nodes across a range of popular blockchains, DAGs and Tempo architectures to provide blockchain-based services like payments to its customers without the customer having to overhaul their current system. It provides a secure, simple and cost-effective API connection to all DLTs. ![]() ![]() ![]() Through its Overledger tech, businesses will be able to have easy connectivity inroads into the data stored on the blockchain without having to utilize it themselves. The Quant Network claims to have “solved DLT interoperability”. However, connecting old systems into new technological paradigms is not an easy task, and this is what the Quant Network hopes to solve. Enterprises who quickly latch their systems onto the emergent capabilities of the blockchain will become market leaders in their sector as the years go by. The varied DLTs and the enormous inroads and upscaling that blockchain technologies provide is threatening to leave some businesses behind. However, it also includes other DLTs like a Direct Acrylic Graph (DAG), the technology which powers the gloriously named NANO currency, and Tempo – a new consensus mechanism still in its infancy. DLTs include, of course, blockchain – and the myriad of currencies built using the technology. The Quant Network is an enterprise-focused network that uses its proprietary Overledger to connect businesses to different Distributed Ledger Technologies (DLTs) through its API.
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