The industry-wide problem of dApps being largely single-ledger dependent has stoked competition among players such as Quant, determined to build technology for the deployment of multi-ledger dApps.įrom Quant's white paper: "From a technology perspective, the fact that distributed or decentralized applications are single ledger-dependent, makes it difficult to choose the appropriate DLT fit for a purpose, meeting technical and business requirements when considering DLTs for decentralized applications.
"With its overledger functionality, Bitcoin, Ripple, and Ethereum ledgers are interoperable with Quant protocol," FXEmpire's Oluwapelumi Adejumo said. Possibly being an interoperability category killer is seen as an enviable position in the fast-unfurling age of Central Bank Digital Currencies (CBDCs) to which Quant seems to have pegged its future prospects. Quant's ongoing work with governments warrants some mention.
Verdian has boasted that Quant is positioned to re-design the world's financial architecture, so as to create more and more seamlessly interconnected networks that, in turn, will unlock "new efficiencies for enterprise, individuals and governments alike," Verdian said.
In August of 2021, QNT was surging and grabbing attention asset as the crypto industry's forward-thinkers sought more cost-effective ways to transfer value, in turn driving interoperability hype. Interoperability between blockchain networks has emerged as one of the most important concepts in crypto these days, Cointelegraph said. "We’ve solved DLT interoperability," Verdian has publicly declared. Building on his experience grappling with disparate payments infrastructures, Verdian set out to help enterprise IT teams integrate multiple forms of DLT, according to Cointelegraph. The project began in 2018, brainchild of founder/leader Gilbert Verdian, formerly Chief Information Security Officer at Vocalink, MasterCard's UK-based payments systems provider. "Quant Network is set to revolutionize blockchain technology with Overledger," CoinGecko said.
#QUANT NETWORK WINDOWS#
Quant's blockchain operating system, Overledger, was specifically designed as an Application Programming Interface (API) for distributed ledger technology (DLT), with a goal of becoming a go-to gatekeeper connecting public blockchains and private networks.ĭevelopers use Ethereum-run QNT utility tokens to stake/power-up Quant's core transactional activity, fostering multi-DLT applications, or "mDApps." What are mDApps? These are unique, possibly game-changing, applications that integrate various functions – decentralized applications ("dApps") – of different chains, similar to how Windows facilitates multiple applications on one computer. London-based Quant Network is a protocol focused on interoperability, a term of art and science, specifically referring to two or more blockchain networks being able to communicate – that is, share/access each other’s data – or “interoperating.”
0 kommentar(er)
