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Bridging The Gap
As blockchain technology is integrating to mainstream adoption, numerous companies across various sectors are utilizing it to tap into its potential for creating more decentralized networks.
However, as industries leverage this technology to integrate information with other companies, they may encounter challenges related to interoperability between blockchains. Quant is pioneering a solution, introducing a new system that enables the bridge and interoperability between multiple blockchains.
Today we’ll explore Quant, its native asset QNT, and why this project could revolutionize the industry.
What is Quant?
Quant is a specific type of distributed ledger technology (DLT) service provider that facilitates the connection and communications among various blockchains by leveraging Overledger, its technology platform.
Overledger is not a blockchain, but rather an application programming interface (API) that links various blockchains together. This allows for organizations to share information efficiently with other networks.
In addition, the Overledger system can be leveraged by developers in creating multi-blockchain decentralized applications (mDapps). Launching mDapps allows these applications to be compatible with pre-existing blockchains.
What is QNT?
Organizations that want to use Overledger and integrate this system into their operations will need QNT to pay for the necessary licensing fees and any additional charges.
Developers building on Overledger must use QNT, and holding this asset is required for creating or engaging with mDApps within the Quant ecosystem.
Why are people interested in Quant (QNT)?
Interest in Quant is growing due to its cross-chain interoperability feature that allows different blockchains to connect. As blockchain inches closer to becoming more mainstream, Quant addresses the challenge of enabling blockchains to seamlessly exchange information by integrating them together.
If you’re looking to buy and sell QNT you can do it with the benefits of a tax-advantaged crypto IRA at iTrustCapital!
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