About Quant (QNT)

Quant Frequently Asked Questions (FAQ)

What is the primary function of the Overledger network in the Quant system?


The primary function of the Overledger network in the Quant system is to act as an interoperability layer that allows multiple blockchains to connect and interact with each other, enabling the secure transfer of data and digital assets across different ledger systems.




Who are the founders of Quant and what are their backgrounds?


Quant Network was founded by Gilbert Verdian and Jean-Paul de Jong. Gilbert Verdian has an extensive background in cybersecurity and has held leadership roles at prominent organizations such as Vocalink (a Mastercard company), the UK Ministry of Justice, and HSBC. Jean-Paul de Jong is a technology-focused professional with experience in building scalable software. Their combined expertise in security and technology development helped establish Quant as a company aimed at connecting blockchains and networks on a global scale, without reducing the efficiency and interoperability of the network.




How does Quant aim to ensure seamless interoperability between different blockchain networks?


Quant intends to deliver seamless interoperability by providing a single, user-friendly interface called Overledger. This gateway connects different blockchains and allows for secure, cross-platform transactions and information exchange, without necessitating changes to the underlying networks.




What is the total maximum supply of Quant (QNT) tokens, and how are they distributed?


The total maximum supply of Quant (QNT) tokens is capped at 14,612,493 QNT. The distribution is as follows: 9.9 million QNT were initially issued to the public, founders, and the Quant team, with the remainder being reserved for company reserves, enterprise licenses, and growth. There is a fixed supply with no additional tokens to be minted.




What are the requirements for developers to build MApps on the Overledger Network?


To build MApps (Multi-chain Applications) on the Overledger Network, developers must first sign up and obtain access through the Developer Portal. They require an API key for authentication and must follow the network's specific guidelines and best practices for development, including adherence to the Overledger SDK documentation. Additionally, developers should have a solid understanding of the underlying blockchain technologies and the smart contract languages used by the ledgers integrated with Overledger.




In what ways is Quant's approach to blockchain interoperability unique compared to other platforms?


Quant's approach to blockchain interoperability is distinctive due to its Overledger network, a blockchain operating system that facilitates the connection among different blockchain networks without needing to alter their existing infrastructures. This is unlike other interoperability solutions which often require blockchain modifications. Moreover, Quant emphasizes secure, cross-chain communication, and its Multi-Ledger Tokens (MLTs) enable seamless asset transfer across multiple blockchains, enhancing the interoperability and functional value of the platform.




How do Quant tokens (QNT) function within the ecosystem and what are they used for?


Quant tokens (QNT) are the native utility tokens within the Quant Network, primarily used for accessing and operating services on the Quant platform, including Overledger, which is the network's blockchain operating system. QNT tokens are required for developers and users to pay for network fees, licensing, and to consume services. They also play a role in creating MApps (multi-chain applications), ensuring secure and interoperable transactions across different blockchains through the network.




How is the Quant Network secured and what role does the community play in this?


The Quant Network is secured using advanced cryptography and a multi-layered approach to connectivity and data sharing. Leveraging the benefits of blockchain technology, it ensures secure transactions and interoperability between different networks. The Overledger platform, integral to Quant, uses a distributed trust model to enhance security. The community plays a crucial role by taking part in the governance of the network, providing feedback, and participating in consensus mechanisms, which could include validating transactions or nodes, depending on the final structure of Quant's network. Their involvement helps maintain the integrity and security of the ecosystem.




Can developers write smart contracts on non-smart contract blockchains using Overledger?


Yes, developers can write smart contracts on non-smart contract blockchains using Overledger by leveraging its unique ability to create Multi-Chain Applications (MApps) that operate across different blockchains, even those that do not natively support smart contracts.




What role does the Quant App Store play in the Quant ecosystem?


The Quant App Store functions as a platform within the Quant ecosystem where developers can monetize their multi-chain applications (MApps) and users can access a wide range of applications that interoperate across different blockchains. It serves as a marketplace for blockchain innovation and a bridge for seamless application functionality across multiple ledgers.