Quant Network

Quant Network is a blockchain-technology company that is looking to achieve universal interactivity between blockchains using its Overledger OS blockchain operating system. It supports Bitcoin, Ethereum, XRP, Binance Chain, Stellar, EOS and IOTA.

QNT Price Live Data

The live Quant price today is $98,66 USD with a 24-hour trading volume of $26 794 840 USD. We update our QNT to USD price in real-time. Quant is down ,68% in the last 24 hours. The current CoinMarketCap ranking is #75, with a live market cap of $1 191 084 747 USD. It has a circulating supply of 12 072 738 QNT coins and a max. supply of 14 612 493 QNT coins.

If you would like to know where to buy Quant, the top cryptocurrency exchanges for trading in Quant stock are currently Binance, Mandala Exchange, Bybit, KuCoin, and HitBTC. You can find others listed on our crypto exchanges page.

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What Is Quant (QNT)?

Quant launched in June 2018 with the goal of 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.

To learn more about this project, check out our deep dive of Quant.

The project is built as an operating system distributed ledger technology— and Overledger Network — for connecting different blockchain networks. The project is billed as the first OS to be built for blockchains.

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.

Overledger allows developers to build decentralized multi-chain applications (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).

Who Are the Founders of Quant?

Gilbert Verdian, one of the founders of the Quant network, had the idea for the blockchain project while he was working in the healthcare sector. Verdian identified the importance of interoperability in ensuring that patients registered on different platforms are covered.

Verdian has over 20 years of industry experience in upgrading the security, technology and business strategies of businesses around the globe in order to achieve tangible results.

Prior to the Quant Network, Verdian served as the chief information security officer (CISO) of Vocalink, a Mastercard card company, the chief information officer of NSW Ambulance, the CISO of eHealth NSW, and the security lead of the Ministry of Justice, UK.

The second co-founder, Dr Paolo Tasca, is an entrepreneur, digital economist who specializes in distributed systems. Dr. Tasca has served as the special advisor on blockchain technologies for the EU Parliament, the United Nations and numerous central banks worldwide.

He is also co-author of several books on fintech and is the co-founder and governing board chair of Retail Blockchain Consortium.

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. Developers can also use the store to create and release multi-chain applications (MApps).

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Read up to date crypto news on the CoinMarketCap blog.

How Many Quant (QNT) Tokens Are There in Circulation?

Enterprises do not need to purchase the QNT tokens in order to use the Quant Network. However, they need the QNT tokens to use the network.

A developer has to purchase a license (in QNT) to create anything on the platform. This requires tokens to be locked up for 12 months. The cost of running the Gateways and performing read/write operations on Overledger requires the use of the QNT tokens.

The max supply of QNT tokens is set at 14,612,493 tokens. The QNT tokens were split in the following way:

9.9 million QNT tokens were sold to the public during the ICO;

2.6 million QNT tokens were assigned to the company reserve, to keep the project running;

1.3 million QNT tokens were reserved for the company founders;

651,000 QNT tokens were issued to the company advisors.

Currently, the circulating supply of the token is 12,072,738 QNT. The extra 2 million tokens are held by the company. These tokens are unlocked and could be sold or issued at any time.

How Is Quant Secured?

Overledger forms the backbone of the Quant Network. Overledger ensures communicability among DLT networks and interacts with different blockchains.

The Overledger Network includes gateways for linking different blockchains. Similar to Ethereum’s proof-of-stake blockchains, the Quant Network community is involved in handling treasury smart contracts.

The community handles QNT payments flowing from users to the gateways. They do this in a manner where people are held accountable to any observer.

Where Can You Buy Quant (QNT)?

Quant tokens can be purchased, sold, and traded on several exchanges, including;

Bilaxy

Bittrex

Bithumb Global

1inch Exchange

Uniswap (V2), and

Hotbit.

QNT can be traded against cryptocurrencies such as Bitcoin (BTC) and Ether (ETH), stablecoins such as Tether (USDT), and fiat currencies such as the euro.

Are you new to crypto and curious how to purchase QNT? Here’s a step-by-step guide to teach you all about crypto and how to buy your first coins.

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Established in 2015, VeChain is a global blockchain company providing enterprises with blockchain-enabled solutions for their business needs. It offers VeChain ToolChain™, a blockchain-based SaaS platform for enterprise clients. The blockchain application platform allows businesses of different sizes to collaboratively develop services and products on VeChain ToolChain™. VeChain ToolChain™ also has BaaS, PaaS, and SaaS offerings.

VeChain offers blockchain applications and has international offices in China, Singapore, Luxembourg, Japan, France, Italy, and the United States. Some of the company's strategic partners include PwC and DNV. The company has also established partnerships with different enterprises in varying industries, such as Walmart China, Bayer China, BMW Group, BYD Auto, PICC, Shanghai Gas, LVMH, D.I.G, and ASI Group.

The platform features a standardized interface and a single-click switch among the different product services. It allows for the flexible configuration of roles and corresponding features. Diversified product options provide five types of product services: food safety track and trace SaaS, sustainability track and trace SaaS, general supply chain track & trace SaaS, low-code deployment PaaS, and blockchain as a service platform.

VeChain's data visualization offers different visualization methods of trust data, including a customizable data management dashboard and product multi-designed landing pages for end-customers. The blockchain solution combines software and hardware and consists of a software application platform, mobile apps, IoT chips and sensors, and the blockchain service. Five of its value-added services include third-party professional verification and certification, data collaboration, smart contracts, application interfaces, and reseller services.

This is a blockchain-enabled food traceability platform that offers the food and beverage industry different traceability functions that are deployable, including product provenance and quality certificates. VeChain's food safety traceability digitalization is a blockchain-based digital solution for managing food safety and traceability.

Data that is related to food origin, nutrition ratios, manufacturing, processing, logistics, and others can be uploaded to the blockchain, and food safety information can be managed transparently. It also includes on-chain brand marketing, offering standardized landing page display functions that allow brands to tell their brand stories to consumers.

This is a lightweight and deployable traceability application that enables brands to record their sustainable footprints through the supply chain, including but unlimited to the use of recycling raw materials, green production processing, green packaging and logistics, product carbon footprint, and others.

The blockchain technology offers a solution that helps brands showcase their sustainability practices. Customized product carbon footprint calculation service is also available for an array of products. The platform supports the integration of scientific calculation methodology for product carbon footprints provided by experts that specialize in ISO14067.

With about 300+ enterprise cases, the general supply chain track & trace Software-as-a-Service (SaaS) covers the traceability requirements of different business scenarios and industries, offering a path to a consumer-facing blockchain solution. There are standardized templates for different industries available out of the box, for streamlining production, marketing and brand building.

This deployment platform-as-a-service (PaaS) offers clients the flexibility to develop process templates and use tools to develop their own blockchain applications within particular scenarios. Clients can integrate existing business applications with APIs and SDKs and finish development documents.

There are customized tools to help businesses adapt, and the process builder enables clients to develop business processes and customize data visualization forms. The PaaS platform offers data sharing and collaboration to develop ecosystems.

Blockchain as a service (BaaS) is a way to link the underlying blockchain and is utilized as a gateway service to access on-chain smart contracts with a traditional API. This is available for independent deployment to develop an application with multidimensional customization to meet different business demands and offer a more immediate end-user experience.

It also includes provides an on-chain storage service for a wide array of industry clients, like retail, luxuries, logistics, pharmaceuticals, and automotive. There are diversified on-chain tools and standardized smart contract services. The blockchain explorer is designed to offer developers a blockchain ecosystem and support service.

To assist companies in addressing climate change, VeChain provides a solution based on blockchain technology and scientific methodology, covering scenarios such as a sustainability track-and-trace service, a carbon emission inventory mechanism, and a product carbon footprint. Third-party assurance services are available within the solution, by partners like DNV.

It also offers a product sustainability track and trace tool that enables brands to record their sustainability footprints through their supply chain. Additionally, it involves carbon emission reduction management, pertaining to the research and development of carbon emission reduction methodology that is based on reduction scenarios and embedding into the blockchain-based system.

Reductions are calculated via smart contracts and kept as carbon assets, which can be monitored via the visualized dashboard. The critical data and calculation formulas are stored on the blockchain. They also work with partners to offer certification and monetization of digital carbon assets.

The solution uses blockchain and IoT technologies to attain and store key data from participants in the supply chain. They can share the information captured across the supply chain, enabling companies to trace back the source of their goods worldwide to ensure that the goods are properly sourced.

Enterprises are able to set up a digital supply chain, and key records can be shared with counterparties. With logistics warehouse tracking and IoT technology, enterprises are able to track logistics and storage information. They can collect and store vital data on-chain, like temperature, humidity, location, and inventory. The product lifecycle traceability tracks the information of a product's whole life cycle.

This on-chain document management solution manages different document types, like bills, certificates, and contracts, then stores them on the blockchain following verification by a certification authority. Using blockchain technology, the company works to erase paper-based counterfeited certificates, bills, and contacts, and offer authentic data for government agencies, as well as financial service providers.

VeChain blockchain digitalizes the electronic certificates and documents; then, they are audited by a third-party certification authority before being stored on the blockchain. They also offer digital content copyright protection and electronic evidence repository. Other key data repositories include online transactions, payment vouchers, service instructions, and medical data that require transparent storage. They can all be uploaded to the blockchain and timestamped.

Hedera is a public, distributed ledger technology (DLT) platform that supports new and existing applications to run at web scale. Similar to a blockchain, the hashgraph DLT platform allows for creating and exchanging value, proving identity, verifying and authenticating data, as well as other tasks. Hedera's network is built on the hashgraph distributed consensus algorithm, invented by Leemon Baird, Hedera's chief scientist and one of its cofounders. The company was founded in 2018 by Baird and Mance Harmon, who serves as Hedera's CEO. Baird and Harmon are also the cofounders of Swirlds, a developer platform for hashgraph applications.

The hashgraph consensus algorithm that the Hedera network is built upon is able to provide near-perfect efficiency in bandwidth usage, as well as process hundreds of thousands of transactions per second within a single shard (a fully connected, peer-to-peer mesh of nodes in a network). As a result, the Hedera network is much faster and energy-efficient than a traditional work of proof blockchain. In a traditional work-of-proof blockchain, a single miner is chosen to select the next block. Additionally, consensus rules dictate that these blocks eventually settle into a single longest chain agreed upon by the community. Two blocks cannot be mined simultaneously, as it will cause the blockchain to fork; if this happens, one block will be selected and the other block will be discarded and lost.

Blockchain (pictured left) can only mine one block at a time, while Hashgraph (right) uses a consensus algorithm to solve multiple at once.

In hashgraph, a community of nodes, not just a single miner, come together to select which transactions will be added to the ledger. This is done through gossip-about-gossip and virtual voting, which confirm the validity and the consensus timestamp of every transaction. Any transaction that has been deemed valid and that occurs within the appropriate time will be added to the ledger. Additionally, all transactions in hashgraph are added to the ledger once they have been verified. Unlike blockchain, where blocks are sometimes discarded to avoid conflict and uphold the chain, hashgraph incorporates every container into the ledger, and nothing is ever discarded. Blockchain is also prone to failing if new blocks are formed too quickly, which is why it needs work of proof or another mechanism to artificially slow down growth. Proof of work mechanisms are not necessary in hashgraph because nothing is ever thrown away and everything is added to the ledger.

Hashgraph has been validated as asynchronous Byzantine Fault Tolerant (ABFT), the highest possible level of security for distributed systems. Additionally, hashgraph has been found to use less energy and make more transactions in a shorter period of time than other popular blockchains, such as Bitcoin and Ethereum.

Hedera enables developers to build decentralized applications on its platform. This is done by using two main services, called the Consesus Service and the Token Service. With the Consensus Service, users are able to submit messages to the Hedera public ledger, where they are validated and timestamped. Users are also able to encrypt messages for privacy and security purposes. Messages can contain information pertaining to money transfer settlements, user engagements on an advertising platform, tracking of provenance for a supply chain, and many more different events.

Hedera's Token Service offers applications the ability to perform configuration, minting, and management of unique tokens on the network, without the need to set up or deploy a smart contract. Tokens are fair and secure and can be transferred for a fraction of $0.01. Hedera allows for the creation of a variety of different tokens, such as USD-based stablecoins or an in-game token reward system.