Will Quant (QNT) crypto see a price boost after website launch?

The Quant (QNT) crypto rose 2.67% to US$96.85 at 11:20 am 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 trending after it announced plans to launch a new website without revealing the date. 

What Is Quant (QNT)?

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

Headquartered in London, Quant delivers enterprise-grade interoperability to securely exchange digital assets and information across networks, platforms, and protocols at scale.

Its Overledger distributed ledger technology (DLT) gateway connects and complements the existing DLTs and systems to boost the innovation and growth of various enterprises, including private and public entities and regulatory bodies. 

Quant’s partners include Nvidia, Oracle, Hyperledger, Haw Hamberg, Global Legal Blockchain Consortium, etc. Quant is considered the first OS built for the blockchains.

Its Overledger DLT gateway is based on Kubernetes technology, designed originally 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 DLTs work?

Although DLTs are used for procurement, logistics, payments, provenance, etc., they cannot communicate with each other. So, its Overledger offers DLT integration with a single API, which can be used by all the DLTs simultaneously, making application development easy 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 potential to build in fraud-prevention by embedding rules and policies around the 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. The crypto exchanges that offer QNT trade include Binance, KuCoin, Biconomy, Bybit, and BingX.

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Bottom line:

Blockchain technology or distributed ledger technology can be used in multiple contexts. Developers have found its use cases in almost all industries. However, interoperability among various projects has been a hurdle. But Quant has tried to solve the problem through its Overledger OS that can connect different blockchains. 

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