Communicated Content – Since Bitcoin gained a huge share of the market, there have been numerous other coins that have come upon various blockchain structures. Blockchain continues to evolve, but one issue that still bothers investors and developers is its lack of interoperability between different blockchain structures.
Blockchains are built differently, which is probably one of the many reasons why interoperability seems to be a frequent matter of concern. If interoperability and compatibility between networks were not issues of concern, cryptocurrencies would be adapted on a wider scale around the world.
What is the Quant Protocol?
In 2015, Gilbert Verdian founded the Quant Network, which has a native token known as Quant (QNT). The Quant Network was developed in order to make the global exchange of information more efficient. This was because Gilbert discovered that Distributed Ledger Technologies (DLT) could solve the problems he was facing while working in the UK and Australian governments.
The over ledger functionality in the Quant Network opened Bitcoin, Ethereum, and Ripple ledgers to its application. This is the closest that the issue of interoperability has come to being solved in the blockchain industry. The Quant Protocol, with the over-ledger functionality, acts as a payment validator token that is used in an over- ledger operating system.
What is Quant Crypto?
Quant crypto (QNT) is a token on the Quant blockchain. It provides digital access to a particular service or application. This means that developers and enterprises pay a fee to get QNT tokens which then give them access to particular services and applications based on a fixed fiat currency amount.
How does the Quant Protocol work?
The Quant Protocol works in layers that match specific tasks in order to remove barriers that are commonly encountered on blockchain in communication, interoperability and scaling.
The transaction layer: storage of transactions is very important in this layer. Related operations are placed in one layer and verified across the blockchain using varied and isolated ledgers. A validated transaction cannot be invalidated under any circumstances.
The messaging layer: on this layer, information and data transfer are handled. Smart data, metadata, and transaction data are processed on this layer. Metadata interprets messages and translates them into different languages that can be understood by different blockchains.
The filtering and ordering layer: this layer handles messages as well, but unlike the messaging layer, it filters searches into specific results. The filtering and ordering layer is responsible for the validation of off-chain messages because it is the only layer that has a history of messages transferred throughout the protocol.
Key features of Quant
Overledger network: secures the transfer of data and information on quant. When a user is connected to the Quant Protocol, they can exchange data with any two blockchains within the system.
Overledger DLT Gateway: assists the network with interoperability between its distributed ledger system and networks. Data, non-fungible tokens, fungible tokens, smart contracts, and even IDs can be transferred smoothly using DLT.
Quant (QNT) mDApps: mDApps allow decentralized apps to work on as many blockchains as possible. This means that developers can take advantage of blockchains without necessarily dealing with their restrictions.
Quant can be easily used without any prior knowledge of cryptography or programming. Additionally, you can use fiat currency to buy quant, and directly exchange it back to fiat currency if you need to. This means that it is easily accessible to a wider range of users.
