Quant was launched in June 2018 with the objective of linking blockchains and networks on a global scale while maintaining network efficiency and interoperability. It is recognized as the first project to address the interoperability challenge by developing the inaugural blockchain operating system. For more detailed information about this project, explore our in-depth analysis of Quant. This initiative is designed as an operating system utilizing distributed ledger technology and the Overledger Network, aiming to connect varied blockchain networks. It is positioned as the premiere operating system created for blockchains. The core purpose of Quant, through the use of Overledger, is to close the gap between disparate blockchains. The foundation of the project is the Overledger network, which Quant promotes as the platform upon which the future digital economy ecosystem will be constructed. Overledger enables developers to create decentralized multi-chain applications, referred to as MApps, for their clients. To develop a MApp on the network, developers are required to hold a specific amount of Quant tokens (QNT).

Gilbert Verdian, a co-founder of the Quant network, conceived the blockchain project during his tenure in the healthcare sector. Verdian recognized the critical role of interoperability in ensuring that patients registered on various platforms are adequately covered. With more than 20 years of experience, Verdian has been instrumental in enhancing the security, technology, and business strategies of companies worldwide, leading to measurable results. Before founding the Quant Network, Verdian held several key positions, including Chief Information Security Officer (CISO) at Vocalink, a Mastercard company, Chief Information Officer at NSW Ambulance, CISO at eHealth NSW, and Security Lead at the Ministry of Justice in the UK. The second co-founder, Dr. Paolo Tasca, is an entrepreneur and digital economist with expertise in distributed systems. Dr. Tasca has acted as a special advisor on blockchain technologies for the European Union Parliament, the United Nations, and various central banks globally. He has co-authored several publications on fintech and is the co-founder and governing board chair of the Retail Blockchain Consortium.

Since the advent of blockchain technology and distributed ledger systems, innovators have applied these technologies across a range of industries. However, a significant challenge has been ensuring seamless interoperability among various blockchain projects. Quant was developed to serve as the bridging solution between disparate blockchains. Quant's operating system, Overledger, is designed as a gateway to enable blockchain-based projects to access various other blockchains. It also facilitates the connection of applications within the same blockchain ecosystem, such as Ethereum. Beyond facilitating interactions between multiple blockchains, Quant establishes distinct layers for applications to interact at varied levels. These layers cater to transactions, messaging, filtering and ordering, and the sharing and referencing of similar messages among related applications. The Quant App Store possesses the capability to read and monitor transactions across numerous ledgers. By utilizing Overledger, developers can write smart contracts across a diverse range of chains, including those traditionally non-supportive of smart contracts, such as Bitcoin. The store also allows developers to create and release multi-chain applications, known as MApps.

QNT serves as a utility token and functions as a payment method for Quant services, particularly facilitating the payment of fees by Overledger users. Every client and developer is required to purchase a license and can utilize QNT tokens to cover transaction fees. This necessitates a 12-month lock-up period for the tokens. The operation of Gateways and the execution of read/write operations on Overledger demand the use of QNT tokens. The total supply of QNT tokens is capped at 14,612,493 tokens. The distribution of QNT tokens is as follows: * 9.9 million QNT tokens were made available to the public during the ICO; * 2.6 million QNT tokens were allocated to the company reserve to ensure the project's continuity; * 1.3 million QNT tokens were set aside for the company founders; * 651,000 QNT tokens were issued to the company's advisors. Currently, the circulating supply of the token stands at 12,072,738 QNT. An additional 2 million tokens are retained by the company. These tokens are not locked and have the potential to be sold or distributed at any time.

The foundation of the Quant Network is the Overledger, which facilitates communication among distributed ledger technology (DLT) networks and enables interaction with various blockchains. The Overledger Network incorporates gateways that connect different blockchains. Much like Ethereum’s proof-of-stake blockchains, the Quant Network community manages treasury smart contracts. This community administers QNT payments from users to gateways, ensuring that all transactions are transparent and parties are accountable to any observer.

Quant tokens are available for purchase, sale, and exchange on various platforms, including: - Bilaxy - Bittrex - Bithumb Global - 1inch Exchange - Uniswap (V2) - Hotbit QNT can be traded against cryptocurrencies such as Bitcoin (BTC) and Ether (ETH), stablecoins such as Tether (USDT), and fiat currencies like the euro. For real-time monitoring of QNT prices, you can explore this information on Eulerpool.