QUANT NETWORK: PROVIDING MULTI-CHAIN APPLICATION THROUGH BLOCKCHAIN
Introduction
The blockchain industry as we know it, is getting to be more popular as the day goes by with the content of transactions changing from purely cryptocurrencies to include Fiat currency that is done globally and even the ability to share music. The blockchain has a limitless range of potentials and is predicted to enter most of our digital systems.
However, the true potential of blockchain has not been unlocked as it is way more than what it is used currently for such as buying and selling of cryptocurrencies, trading and profit earnings as even greater profit can be gotten from the blockchain.
Blockchain currently has some rather serious faults which have made it quite impossible for the full potential of blockchain industry to be unlocked. Some of these faults are lack of standardization which allows for openness and for even competing technologies to function together, also the devoid of interoperability as blockchain technology are monopolized in structure and cannot work with other systems outside its own.
The Quant Network founders saw the need to counter these faults in the technological structure of the current blockchain industry as it was obvious that the blockchain was being underused and could still serve as a base to connect many networks and outside systems such as the health care and financial system.
So Quant Network proposed the overledger which will be the first interoperable blockchain operating system that will make easy internet size development of decentralized multi- chain applications.
WHAT IS INTEROPERABILITY?
Interoperability is the ability of a product or system to interact, function and work well with others and also the capability of software systems that might be making use of different operating system and hardwares to trade information.
WHAT IS AN OVERLEDGER
It is a technology that has the capacity to share value applications across diverse blockchain. It is also a platform that brings in connection the world's network systems to blockchain, thereby not making it a blockchain but rather a system that stay on top of blockchain.
WHY PROPOSE AN OVERLEDGER?
1.Overlegder was proposed because it is a feature that will eradicate the limitation in the current blockchain technology which is the inability for them to connect with each other and even engage wider systems like the world's healthcare and financial system.
- The Overledger was designed in such a way that it can contain many other blocks of diverse blockchains and which automatically means all transactions that occurs in these blockchains are present in those blocks and the Overledger block can be used as a regular block without conflict.
- Overlegder unlinks the blockchain structure in transaction layer, messaging layer, filtering and ordering layer and application layer in order to achieve a balanced level of interoperability.
Conclusively, the proposed Overledger operating system will address the interoperability limitations facing blockchain which will open doors to a wider potential such as empowering businesses with ease for the connection of their network to blockchains without being trapped, help businesses to emerge into new markets, reduce the risk of investment and greatly increase the safety and interoperability of health data which will limit resources that will be wasted as the result of lack of transparency and standard governance.
Token Details
Token Name: Quant Network
Token Ticker: QNT
Platform: ERC20
ICO Price: 1QNT= $1.51USD
Whitelist: YES
KYC: YES
THE TEAM
For more information about this project, visit any of this links
Website:
Whitepaper:
Telegram:
Twitter:
Blog:
Facebook: