Will Crypto Quant (QNT) See a Price Increase After Website Launch?

The crypto Quant (QNT) was up 2.67% to hit US$96.85 as of 11:20 a.m. ET on Monday. The project was launched in 2018 to connect blockchains and networks globally.

Quant (QNT), built on a distributed ledger technology operating system, was all the rage after announcing plans to launch a new website without revealing the date.

What is Quant (QNT)?

Quant, a technology provider, aims to connect blockchain networks globally without diluting network interoperability and efficiency. He intends to solve the interoperability problem using the blockchain operating system.

Based in London, Quant provides enterprise-grade interoperability to securely exchange digital assets and information across large-scale networks, platforms and protocols.

Its Overledger Distributed Ledger Technology (DLT) gateway connects and complements existing DLTs and systems to drive innovation and growth for diverse businesses, including private and public entities and regulatory agencies.

Quant partners include Nvidia, Oracle, Hyperledger, Haw Hamberg, Global Legal Blockchain Consortium, etc. Quant is considered the first operating system designed for blockchains.

Its Overledger DLT gateway is based on Kubernetes technology, originally designed by Google. It provides a scalable system for automated application deployment and management.

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Data source: coinmarketcap.com

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How do DLTs work?

Although DLTs are used for procurement, logistics, payments, provenance, etc., they cannot communicate with each other. Thus, its Overledger offers DLT integration with a single API, which can be used by all DLTs simultaneously, making application development easier and faster.

Quant calls Overledger its backbone on which the future of the digital economy will be built. It also supports central bank digital currency (CBDC). Quant Founder and CEO Gilbert Verdian said, “CBDCs offer the opportunity to enhance fraud prevention by incorporating rules and policies relating to type and size of transactions, counterparties and jurisdictions.

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QNY token:

The token has a market capitalization of US$1.17 billion. Its total supply is 14.6 million and its circulating supply is 12.07 million. Crypto exchanges that offer QNT trading include Binance, KuCoin, Biconomy, Bybit, and BingX.

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At the end of the line :

Blockchain technology or distributed ledger technology can be used in multiple contexts. Developers have found its use cases in almost every industry. However, interoperability between different projects has been an obstacle. But Quant has tried to solve the problem through its Overledger operating system which can connect different blockchains.

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