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Quant

Quant: everything you need to know about QNT

Axel van den Boogaard

Axel has been immersing himself in the world of crypto and blockchain for quite some time, which he then translates into understandable articles.

Quant facts

Abbreviation

QNT

Category

Operating System

Founder(s)

Gilbert Verdian

Blockchain

Ethereum

Protocol

Overledger

Launch date

June 2018

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What is Quant?

Quant (QNT) is a decentralized blockchain platform that facilitates digital applications. Its token, QNT, is an Ethereum-based token used to power the Quant Network's Overledger, an operating system for enterprise software solutions. Overledger aims to connect public blockchains and private networks and is designed as an operating system to grant blockchain-based projects access to other blockchains.

How does Quant work?

The Quant team focuses on supporting the interoperability and scalability of the Quant network. This removes communication barriers between different blockchains, allowing digital applications to continue running on various blockchains.

Key technical features of the Quant network are built around interoperability:

  • Quant enables communication between different blockchains.
  • It supports Multi-chain Applications (MApps).
  • It facilitates smart contract transactions between different blockchains.

The Overledger OS is a patented technology that allows users to create and use multi-chain applications (MApps). Instead of using smart contracts like other DeFi apps, MApps rely on treaty contracts, enabling users to build applications on multiple blockchains.

The Idea Behind Quant

The concept of Quant was born in the mind of CEO and founder Gilbert Verdian while working in the healthcare sector. He often saw patients registered with multiple healthcare providers, each with their own databases and networks. He wanted to find a way for patients to receive comprehensive care and reimbursement without compromising their privacy or disrupting database operations. Thus, the concept of the "internet of trust" was born.

De technologie achter QNT

For the technology behind Quant, developers drew inspiration from various models of communication networks. They also divided the network into layers, each with its own set of tasks. Based on this architecture, the Quant network has the ability to read and verify transactions from multiple ledgers. The layers are organized as follows:

  • Transaction Layer: This layer houses all operations necessary to achieve consensus on transactions across different blockchains. All transaction data is stored in this layer.
  • Message Layer: This layer handles all relevant information retrieved from the ledgers, such as smart contract data, metadata, and transaction data. It is also used for storing all transaction data and handling message exchanges between different applications.
  • Filtering and Ordering Layer: This layer validates the messages from the message layer and establishes connections between these messages, validating messages switching from one blockchain to another. Messages are sorted and filtered based on criteria that can be applied to transaction data.
  • Application Layer: This layer ensures that information from verified messages is passed to the correct application.

The Quant ecosystem

Overledger forms the core around which a future digital ecosystem can be built. Developers and companies can then build decentralized multi-chain applications (MApps) for their clients within this ecosystem. Overledger is intended to provide access to all other blockchains from any network, like a magical portal with a functional interface. This also applies to the communication between different applications within the ecosystem.

Participation in the Quant ecosystem can be facilitated using the Quant token (QNT), which can be used to pay for platform usage costs or annual licenses. QNT is also an ERC-20 token.

A Tailored Business Solution

The Quant and Overledger team primarily focuses on developing tailored solutions within specific sectors such as banking and healthcare. Its overarching architecture eliminates the need for companies and institutions to build complex infrastructures, which require significant maintenance and costs individually. Companies are also not limited to working with just one blockchain. This means they can offer a wide range of features from all the blockchains that the platform provides access to.

Thanks to Overledger, the team behind it can promote the adoption of Quant and accelerate the implementation of new applications and features. The Quant App Store is also intended to enable developers to create and release MApps on the network.

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Benefits of Quant

Quant is relatively new and certainly revolutionary, even within the crypto world. What are the advantages of Quant that attract investors?

  • Built on the Ethereum blockchain, making many blockchain features usable and integratable.
  • A new, interoperable operating system capable of working with different blockchains.
  • Innovative technology with a focus on innovation.
  • Focus on data processing between different systems.
  • Developers require little specific blockchain knowledge.

Drawbacks of Quant

Like any other blockchain, Quant has its disadvantages. What should you consider when investing in Quant?

  • Quant is relatively small and unknown compared to other established blockchains.
  • The system is somewhat centralized, which may increase security risks.
  • The platform will need to continue innovating to stay ahead of competition within the crypto world.

Who is the founder of Quant?

The cryptocurrency Quant was founded by Gilbert Verdian, who is also the CEO of the project. He developed the Quant Network and the Overledger operating system with the aim of connecting and collaborating between different blockchains and networks.

Price forecasts

In 2026 experts expect a minimal price of €240.50 and a minimal price of €793.75 in 2031.

Good time to get in?

View all key statistics of the past 24 hours here.

24h ago

€77.44

24h high

€78.07

24h low

€76.60

24h change
€0.5007

Market information

Use these figures to get a better picture of the Quant market.

24h volume

€9.7 million

Marketcap

€1.1 billion

QNT in circulation

14.5 million

All time high

€361.77

QNT Return On Investment

See how much the price has risen or fallen over the years.

1 year
24.24%
3 years
27.44%
5 years
2,028.11%

Historical Quant price

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