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).
A hardware wallet is a type of cryptocurrency wallet that stores the private keys of your cryptocurrency assets in an offline device. This is done to provide an added layer of security against cyber attacks, which can compromise online wallets and exchanges.
Quant hardware wallets are a type of hardware wallet that are specifically designed to store and manage Quantum (QNT) cryptocurrency assets. These wallets typically use advanced encryption and security features to protect your QNT assets from unauthorized access.
Some popular examples of Quant hardware wallets include Ledger Nano X, Ledger Nano S, Trezor, and KeepKey. These devices come with various features such as easy-to-use interfaces, built-in screens for verifying transactions, and support for multiple cryptocurrencies.
If you plan to invest in QNT, a Quant hardware wallet is a recommended storage option to ensure the security of your assets. However, it’s important to note that hardware wallets can still be vulnerable to physical damage, loss or theft, so it’s important to take proper precautions to protect your device and backup your private keys.
The best option for storing any cryptocurrency would be to use a hardware wallet. These are pieces of hardware that store the private key to your coins offline.
Today, there are two leading hardware manufacturers to choose from – Ledger and TREZOR. Both companies have different models of hardware wallets that will get the job done.
If you want deeper insights on specific models, you can read my Ledger Nano X review or my TREZOR Model T review.
A software wallet is type of cryptocurrency wallet that stores your private keys on a software application installed on your computer, mobile device, or web browser. These wallets are convenient and easy to use, but they can also be less secure than hardware wallets, as they are connected to the internet and therefore potentially vulnerable to cyber attacks.
Quant software wallets are software wallets specifically designed to store and manage Quantum (QNT) cryptocurrency assets. Some popular examples of Quant software wallets include MyEtherWallet, Trust Wallet, Exodus, and Atomic Wallet. These wallets offer various features such as support for multiple cryptocurrencies, easy-to-use interfaces, and integration with decentralized exchanges.
When choosing a Quant software wallet, it’s important to consider security features such as two-factor authentication, backup and recovery options, and encryption of private keys. It’s also recommended to download wallets only from trusted sources and to keep your software and operating systems up-to-date to prevent potential security vulnerabilities.
Ultimately, whether you choose a Quant hardware wallet or a software wallet, it’s important to take appropriate measures to protect your private keys and ensure the security of your cryptocurrency assets.
Hardware wallets cost money, so if you’re not sure how serious you are about cryptocurrencies and just want to get a taste of what they feel like, perhaps you would be better off starting with a software wallet.
A software wallet is a free program that lets you store your coins on your computer or mobile phone.
The easiest Quant software wallets to get started with are undoubtedly Exodus, Atomic Wallet and Guarda . All wallets are very intuitive. Exodus, Atomic Wallet and Guarda is available on desktop for Windows, Mac and Linux, as well as on mobile for both iOS and Android. If you want more information you can read my Exodus, AtomicWallet and Guarda review.
Once you decide on an exchange, open an account and buy your Quant . Make sure to withdraw the Quant from the exchange to your personal wallet.
Never leave coins on an exchange, as you risk losing them all if that exchange gets hacked or shuts down (which has happened in the past) and always double check address before send coins because you can send the coins to wrong address .
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.
Quant (QNT) is a unique cryptocurrency that aims to bridge different blockchain networks together and enable seamless communication between them. This is done through the use of the Overledger technology, which is designed to act as a universal translator for blockchain networks.
There are several factors that make Quant unique:
Interoperability: Quant aims to enable interoperability between different blockchain networks, allowing them to communicate and share data with each other. This is done through the use of Overledger, which is designed to work with any blockchain network.
Cross-chain transactions: With the help of Overledger, Quant enables cross-chain transactions, meaning that users can transfer value between different blockchain networks without the need for intermediaries.
Decentralization: Quant is a decentralized network, meaning that it is not controlled by any central authority or entity. This ensures that the network is resilient and resistant to censorship.
Community-driven: Quant has a strong community of developers and users who are passionate about the project and actively contribute to its development and growth.
Use cases: Quant has a wide range of potential use cases, including in industries such as finance, healthcare, supply chain management, and more. This makes it a versatile and valuable tool for businesses and organizations looking to leverage blockchain technology.
Overall, Quant’s focus on interoperability and cross-chain communication makes it a unique cryptocurrency with the potential to drive innovation and create new opportunities in the blockchain space.
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:
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.
Quant (QNT) is secured through a combination of cryptographic algorithms, decentralized consensus mechanisms, and network governance. Here are some of the key security features of the Quant network:
Consensus mechanism: Quant uses a proof-of-stake consensus mechanism, which means that validators are chosen based on the amount of QNT they hold and stake. This ensures that the network is secure and resistant to attacks by malicious actors.
Encryption: All transactions on the Quant network are encrypted using advanced cryptographic algorithms, which ensures that they are secure and private.
Overledger technology: Quant’s Overledger technology enables the network to communicate and interact with different blockchain networks, which helps to prevent the risk of a single point of failure.
Decentralization: Quant is a decentralized network, meaning that it is not controlled by any central authority or entity. This makes it more resilient to attacks and ensures that it cannot be easily manipulated.
Governance: The Quant network is governed by a community of users and developers, who are responsible for making decisions about the network’s development and growth. This ensures that the network is transparent, democratic, and responsive to the needs of its users.
Overall, the combination of advanced cryptography, decentralized consensus mechanisms, and community governance make the Quant network a secure and reliable platform for storing and transferring value.
Quant (QNT) can be bought and traded on several cryptocurrency exchanges. Here are some popular exchanges where you can buy and trade QNT:
Binance: Binance is one of the largest cryptocurrency exchanges in the world and offers QNT trading pairs with several cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).
Bitfinex: Bitfinex is a popular cryptocurrency exchange that offers QNT trading pairs with BTC and USD.
BitMax: BitMax is a cryptocurrency exchange that offers QNT trading pairs with several cryptocurrencies including BTC, ETH, and USDT.
Huobi: Huobi is a cryptocurrency exchange that offers QNT trading pairs with several cryptocurrencies including BTC, ETH, and USDT.
Uniswap: Uniswap is a decentralized exchange that enables peer-to-peer trading of QNT and other cryptocurrencies.
It’s important to note that buying and trading cryptocurrencies carries risks, and it’s recommended to do your own research and understand the risks involved before investing in any cryptocurrency. It’s also recommended to store your QNT in a secure wallet, such as a hardware wallet, to ensure the safety of your funds.