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Quant (QNT) is a cryptocurrency and blockchain platform designed to bridge the gap between different blockchain networks and enable seamless communication and interoperability among them. It aims to solve the problem of fragmentation within the blockchain ecosystem by providing a universal protocol for connecting and transacting across different blockchains. The Quant platform utilizes Overledger, a blockchain operating system that serves as a gateway between different networks, allowing users to build decentralized applications (dApps) that can interact with multiple blockchains simultaneously. At its core, Quant enables cross-chain interoperability by acting as a middleware layer that connects disparate blockchains, regardless of their underlying technology or consensus mechanism. This is achieved through the Overledger Network, which serves as a bridge between blockchains, enabling the transfer of data and assets across different networks. By doing so, Quant opens up a world of possibilities for developers, businesses, and individuals, as it eliminates the need for multiple isolated blockchain networks and promotes interoperability, scalability, and flexibility.
Quant employs a unique approach to achieve cross-chain interoperability. Instead of relying on atomic swaps or sidechains, which are limited to specific blockchain networks, Quant connects to different blockchains at the application layer, allowing dApps to access and interact with data and assets across multiple chains. This is made possible through Overledger's connectors, which act as gateways between different networks, facilitating the exchange of information and value. Overledger's architecture is designed to be agnostic, meaning it can integrate with any blockchain platform, whether it's public or private, permissioned or permissionless. The native cryptocurrency of the Quant network, QNT, plays a crucial role in the ecosystem. It serves as a utility token that grants access to the Overledger platform and its features. QNT is used to pay for transaction fees, access data from different blockchains, and deploy dApps on the Quant network. Additionally, QNT tokens are staked by participants in the network, providing security and consensus mechanisms for the platform.
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