How QNT Works

The QNT token is integral to the Quant Network, a platform developed to solve the problem of interoperability in blockchain technology. By utilizing Overledger, Quant’s primary product, the network allows seamless interaction and communication across different distributed ledger technologies (DLTs). Here's an overview of how it works:

Overledger DLT Gateway

At the core of Quant’s ecosystem is the Overledger DLT Gateway. Overledger operates as a middleware layer ensuring connection and interaction between various blockchains, whether public or private, and existing legacy systems. This unique setup bypasses the limitations of single-ledger dependency, promoting interoperability without forcing developers to rewrite applications.

Multi-Ledger Tokens (MLT)

One of QNT’s core functionalities is its role in facilitating Multi-Ledger Tokens (MLT). MLTs allow users to create, distribute, and manage digital assets by leveraging various blockchains simultaneously. This capability is essential for increasing the flexibility and functionality of tokenized assets across a broad spectrum of environments, from traditional finance to decentralized ecosystems. By using Quant’s Overledger, developers can create tokens that communicate freely across different blockchains, which helps break down the traditional siloed nature of decentralized ledgers.

Overledger Network

The Overledger Network is designed to function as a decentralized network for connecting businesses and institutions with blockchain frameworks. The system focuses on secure, scalable, and efficient data exchange while maintaining distributed ledger privacy. Enterprises and developers can utilize the Overledger SDK (Software Development Kit) to develop cross-network applications tailored to specific industry needs. Smart contracts and DApps developed within this ecosystem are capable of interacting across multiple networks, thereby increasing their utility.

API Connection

Overledger is not a blockchain but rather a blockchain-agnostic protocol. The system makes use of standard APIs for connecting various blockchains to one another. This standardization, accomplished through the gateway, enables developers to access any chain they wish for their applications. The versatility of the Overledger protocol allows companies to reduce blockchain adoption barriers by providing universal access without sacrificing security or decentralization principles.

Role of the QNT Token

The QNT token is a utility token that ensures access and usage of the Overledger platform. Developers and businesses must possess QNT to create, execute, and manage multi-chain DApps or services. QNT is used to pay for license fees, which come in varying tiers depending on usage requirements, and to authorize participating nodes for Overledger’s various services.