Authored by: @hetty-rowan

LOL, as early as I posted the blog online yesterday, that's how late it is today. And believe me, not because I didn't want to sit down to write the blog earlier. But I think everyone knows it, a day that is completely different from what you planned or thought. I had such a day today. So now it's time to sit down and hopefully post a good blog online. Today is of course the day to take a deeper dive into a crypto. And no, you don't have to invest… it's just about knowing WHAT's for sale, and WHAT it does, what the differences are from other cryptos. Because sometimes, and I think I'm not alone in this, you can't see the wood for the trees anymore.

So let's go!

Today we're going to take a look at a project with a very ambitious goal!

What is Quant Network (QNT)?

Blockchain is the foundation of our future, but what exactly is it? In short, blockchain is a system for storing a chain of data, in which the blocks are not customizable. A full explanation of this term can be found in this article. However, a major disadvantage of this technology is that it does not yet work (well) with other blockchains, so that you as a user run up against limits.

Quant Network (QNT) is committed to removing these limitations. The organization's goal is therefore revealing, because it reads as follows:

"Connect global networks with blockchains, with only three lines of code."

By this they mean that with the arrival of 'Overledger' interoperability will be realized, whereby different blockchains are connected with each other.

So, the Quant Overledger technology is basically a blockchain operating system. This innovative system is located above the protocols and transaction layers. Why is interoperability essential? I already described above that there is currently no interoperability between different blockchains, which limits the exchange of information. The fact that each blockchain has its own algorithm and structure makes it extremely difficult to realize a link. If you want to connect blockchain to a non-blockchain database, then the end is missing.

The solution is currently being found in the development of dApps, which allows you to create the link manually. This circumvents the extremely complex, technical work and the difference in user rights until an overarching blockchain operating system has been developed. With the arrival of Overledger, there will be a solution to these challenges with just three lines of code.

What exactly is Overledger?

Overledger runs above the blockchains and not on them. Overledger itself is not a blockchain; something to realize to really understand what it is. It will come as no surprise that the initiative has several influential partners. Companies, such as Amazon, Oracle & Sia, are collaborating and supplying, among other things, the clouds on which Overledger runs.

In addition, there are many, many other parties involved in this project. Think of MOBI, payment giant PayUK, the University of Hamburg, Tech Nation, etc. The ambitions of CEO Gilbert Verdian, about which you can find more information below, are clearly limitless.

The technology of this operating system requires a refreshing look, because it is a groundbreaking project. Connecting not only blockchains, but also databases, is a complex matter. By making the blockchain interoperable, the doors for smart contracts open immediately.

At the moment, it is difficult to see the data from another blockchain, as this data is on different networks. If you want to complete a transaction from A to B, Quant would make it possible to easily realize this information transfer by creating a bridge.
How does Overledger work?

Okay, so it's good to realize that Overledger is made up of several layers. The bottom layer is the TCP-IP.

• Transaction Layer
  The transaction layer is placed on top of the network protocol, visible in the image as TCP-IP. This layer bundles all transactions, which are signaled on different blockchains. This is done on the basis of the consensus algorithm, as it is safe and efficient.
  
  
• Message Layer
  On top of the transaction layer you will find the message layer. Here we find the information, which comes directly from the smart contracts and transactions. This layer also stores transaction information, as well as communication data between multiple applications.
  
  
• Filtering and Ordering Layer
  In the filtering and ordering layer, all data is actively ordered and filtered. The connection between data from the messaging layer, but also from other networks, is made here.
  
  
• Application Layer
  This is the top layer. Are the sent messages valid or not? When approved, it is essential that a signature is added, so that the message can be passed on in a trusted way. Various multichain applications are able to refer to messages, which in turn make the link with the relevant database.
  
  
• Who are the competitors?
  Overledger from Quant is a unique product, so there are few competitors. Currently, blockchains can work together, provided they are built on the same blocks. This means that, for example, Ethereum (ETH), Polkadot or Solana work fine with each other, but you cannot connect a different type of block.

There are, of course, ecosystems that are after improving the blockchain. Scalability and interoperability are not only interesting for Quant, but for many initiators. Because you have to make a choice on which blockchain you will build, you will need bridges to other chains at a certain point in the process. With the arrival of Overledger from Quant you can connect to any blockchain and this problem is solved.

Is Quant Network a good investment?

I am not financial advisor and cannot advise you on whether it is wise to invest in QNT. Always do your own research and be aware of what you are doing, and that you are always taking a risk. So let's just take a look at the tokenomics of this token.

Quant (QNT) is an ERC20 token. Ouch, that will be a dealbreaker for many people, but we have to admit that even in 2021 most tokens still seem to be ERC20 tokens. During the ICO in 2018, after the team received some of the tokens and some were destroyed, a supply of 14.6 million tokens was made available. There are approximately 12 million tokens in circulation, with the remainder still in the hands of Quant itself. The token is expected to be highly sought after in the near future, causing the price to rise.

QNT is a utility token, which means that you use it to access products and/or services. They are therefore less popular to invest in, because `they serve something, have a purpose. The offer is expected to increase in the coming years, so that you can also pay for more and more tasks with QNT. Currently, QNT is used to access Overledger, obviously to encrypt transactions and to access applications.

Roadmap Quant Network

There is currently no known roadmap for Quant, partly because they have already started the rollout. They have an ambitious goal (connecting global networks to blockchains, with just three lines of code), but they are not discouraged.

In the summer of 2021, Quant received a donation from an Alpha Sigma Capital, so it is clear that large investors believe in Quant's future. We have already described global partners above, who do not want to miss the boat and believe in the objective of the initiative. In the video below, the CEO talks about blockchain interoperability and the possibilities of Overledger. He talks about the fact that Overledger is a pioneer in the field of blockchain operating systems and that they manage to not only connect blockchains, but also connect existing networks to the blockchain. This makes it possible to develop and launch mApps (multi-channel applications).

SIA is European market leader in design, creation and management of technological infrastructures for large financial institutions, works together with Quant Network. Together they want to look at the possibilities of developing innovative solutions that focus on blockchain interoperability for more than 570 banks and financial institutions.

The fact that Ripple has been trying to get hold of these deals for years, and Overledger has succeeded, says it all. Overledger from Quant Network (QNT) is seen as a secure, scalable, reliable solution to today's challenges.

In the first months of 2021, Quant Network has already realized quite a few plans. You can now access Ripple, Ethereum (ETC) and Bitcoin (BTC) thanks to the launched Overledger OS. It may sound like an essential step in any growth process, but nothing could be further from the truth. The striking thing about Overledger is that you can use no fewer than three different blockchains via ´´one dashboard.

As you can see, there may be no official roadmap, but the plans of the CEO and his team are undeniable. This project is going to go far and make the current restrictions on the blockchain disappear like snow in the sun.

The team behind Quant

The founder of this wonderful brand is Gilbert Verdian. Verdian is an expert in business innovation & technology, who has worked for several leading companies worldwide. He mainly works on advanced technology and is fascinated by AI, blockchain and cybersecurity. It is therefore no coincidence that he is at the helm of Quant Network's innovative technology.

The other team members also have an impressive track record. Think of Full Stack Developer Rui Wang, who has years of experience in software development, and Full Stack Developer Alexandru Chiriac, who comes directly from University College in London.

It is worth mentioning that the team has a careful and structured approach to the development of the software. They may have attracted impressive partners, including SIA, but for a long time, hardly anything new was mentioned. As an entrepreneur, I myself, would name each organization one by one and ensure that that wave is deployed. That is where you get your exposure from. At Quant Network, there is no fleeting media attention, hype or the look-at-me part of the crypto world.

Quant Network on social media

Want to follow Quant Network CEO Gilbert Verdian online? You can easily do that on Twitter. He's not overly active, which might make Quant's channel more appealing to watch. Quant Network currently has over 45,000 followers on Twitter, but they are growing every day by sharing their motto 'unleashed the power of networks as connected as the world we live in' with the world.

For the absolute fans, you can follow Quant Network and LinkedIn on Github, the latter of which is certainly interesting with the updates to be expected. In addition to the social media channels, you can also download a whitepaper from the site and join the conversation on Bitcointalk.org.

Conclusion

crypto, blockchain; many people still can't see the blockchain in there lives. But this is definitely going to change. We share online, pay via the internet and really look up everything. With the development of the metaverse, connection to the infinite will only play a greater role in our lives. Interest in cryptocurrencies is growing and more and more people are becoming acquainted with blockchain.

The blockchain also has its limitations, as discussed in this article. Quant's innovative approach and the arrival of Overledger make the possibilities endless. And of course we always encourage that! I suspect that we will only hear more about this horizon-expanding initiative in the near future, which will continue to expand the possibilities for both consumers and businesses.

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