Quant Price Prediction: How Much Will QNT Be Worth in 2025?

Quant Network is a technology company that specializes in developing enterprise-grade blockchain solutions and interoperability protocols. Their main product is Overledger, a blockchain operating system that aims to connect different blockchains and traditional systems, enabling cross-chain communication and facilitating the development of multi-chain applications.

The Overledger network was launched by Quant Network. Quant Network was founded by Gilbert Verdian, who also serves as the CEO of the company. The Overledger network was introduced to the public in 2018.

Gilbert Verdian is also the current CEO of the company. He is an experienced cybersecurity and technology executive with a background in the financial industry.

Gilbert Verdian has strong expertise in cybersecurity and has held various leadership roles in this field. Prior to founding Quant Network, he served as the Chief Information Security Officer (CISO) at Vocalink, a Mastercard company that provides payment processing services. He has also worked as the Head of Cyber Strategy at the UK Government's Department for Work and Pensions, where he played a key role in implementing cybersecurity initiatives.

The main purpose behind the launch of Overledger was to address the issue of blockchain interoperability. Quant Network recognized that the lack of connectivity between different blockchain networks was a significant barrier to widespread blockchain adoption. They sought to create a solution that would enable seamless interaction and data exchange between disparate blockchains.

By developing Overledger, Quant Network aimed to provide a platform that would act as a bridge between various blockchain networks, traditional systems, and even future technologies. Overledger's interoperability protocols and APIs allow developers to create applications that can leverage multiple blockchains, enhancing their functionality and enabling cross-chain transactions and data transfer.

Overledger allows businesses and developers to build applications that can interact with different blockchain networks, such as Bitcoin, Ethereum, Ripple, and many others. It provides a standardized interface for accessing various blockchains, making it easier to integrate and exchange data between different systems.

Quant Network aims to solve the problem of blockchain interoperability, which refers to the ability of different blockchains to communicate and share information with each other. By providing a solution for interoperability, Quant Network seeks to unlock the full potential of blockchain technology by enabling seamless connectivity between disparate networks.

Overledger enables the development of multi-chain applications, where components of an application can utilize and integrate with multiple blockchain networks. This flexibility allows developers to leverage the strengths of different blockchains for specific use cases, increasing the scalability and functionality of their applications.

It's important to note that Overledger acts as a layer that connects various blockchains and traditional systems, allowing them to interact and exchange data. The underlying consensus mechanism of each connected blockchain network remains unchanged and independent within Overledger.

Quant Network emphasizes regulatory compliance in its solutions. Overledger includes features such as Digital Asset Gateways (DAGs) and Regulatory Compliance Gateways (RCGs) to ensure compliance with financial regulations and facilitate the exchange of assets between different networks.

The launch of the Overledger Platform on June 27, 2023, is a significant development in the world of blockchain technology. With this platform, Quant Network introduces a game-changing infrastructure accessible to large enterprises, SMEs, and developers alike. The Overledger Platform brings forth enterprise-grade technology, universal interoperability, and secure smart contracts that have been instrumental in Quant's collaborations with institutional and central bank clients.

The Overledger Platform sets a new benchmark for enterprise blockchain solutions, focusing on ease of use and accessibility. Through its software-as-a-service (SaaS) model, businesses can now leverage the power of blockchain technology without the need for extensive technical expertise. This breakthrough allows customers to issue digital money and interoperable assets with a few simple clicks, facilitating seamless movement across different blockchain networks. Moreover, developers can create applications that can run on any network, write secure smart contracts executable on any blockchain, and easily integrate with their existing systems using simple APIs.

The QNT token is the native cryptocurrency of Quant Network. It’s an ERC-20 token hosted on the Ethereum blockchain. The QNT token serves several important functions within the Quant Network ecosystem. It is used as a utility token to access and pay for services within the Overledger network, including transaction processing, accessing network features, and utilizing the interoperability capabilities of Overledger.

The total supply of QNT tokens is fixed at 14,612,493 tokens. The distribution of tokens occurred through a token sale and private placements. The QNT token plays a role in the governance of the Quant Network ecosystem. Token holders may have voting rights or participate in decision-making processes related to the development and evolution of the Quant Network platform. 

The distribution of the QNT token occurred through a combination of private placements and a token sale. As of July 2023, the circulating supply is at around 12 million QNT. 

Average Transaction Fees on the QNT Network

The Quant Network primarily focuses on facilitating interoperability between different blockchain networks through its Overledger technology. As Overledger acts as a layer that connects various blockchains, the transaction fees associated with the underlying blockchains would apply when conducting transactions within the Quant Network ecosystem.