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Quant

QNT

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QNT

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Overview

#33Popularity

UtilityAsset type

2015Active since

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What is Quant?

Quant Network is the organisation behind Overledger, a proprietary technology that allows different DLTs (distributed ledger technologies) such as blockchain, DAG and Tempo to communicate with one another.

Overledger is an API that lets a company’s existing IT infrastructure plug into all major blockchains and DLTs, helping businesses to more easily adopt blockchain technology, while developers can also use the network to build decentralised multi-chain applications (MApps).

QNT is the token that powers Overledger, being used to pay for network costs and annual licence fees, as well as being staked to help secure the network. In order to build MApps, developers must hold a certain amount of QNT, which are locked up for 12 months.

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