Technological advancement has started its rising trend for a long time; technology has made life so much easier. In the past, sending messages from one person to another was always difficult as there were no mobile phones; the sending medium was by post offices and that usually takes a whole lot of time. Transportation was also difficult as there were no automobiles; transportation was mainly by 'beasts of burden', horses and the likes.
Technology has creates a very wide gap between then and now; now we have differnt types of mobile phones, automobiles and other applications which have ultimately made life so much easier and it hit a new high with the inception of the first ever digital currency "Bitcoin" in 2009 which in turn led to the blockchain technology trend.
The nature of technology, it always advances. After the creation of Bitcoin, several other digital currencies have been created in which each has its own decentralised blockchain technology and now we have hundreds of digital currencies with more being created. Cities and Industries have started tapping into the blockchain technology for virtually everything; very soon everything we do would have a blockchain technology origin considering the rate at which blockchain technology is being readily embraced globally.
Why Do Digital Currencies Have Unique Blockchain Technologies?
This question has a very simple answer; digital currencies are not just created for the fun of being created, they are created with the aim of solving a particular problem and so the blockchain technology of a particular digital currency is in such a way as to suit the problem that particular currency is aiming at solving.
With every technological improvement and advancement, there is always a downside and the downside to the creation of these digital currencies is that the current blockchain ecosystem is too complex and ultimately lacks the ability for different blockchains to exchange and circulate information between one another; looking at this from a far viewpoint, it poses no immediate issue so to speak but taking a microscopic view it is really a big issue when it comes to the universal adoption of different blockchain applications.
Apart from this problem, there is also the issue of single digital currency ledgers not being effective anymore. There has been constant improvements with blockchain technology but still the problems with single ledgers remain unchanged.
During the inception period of digital currencies, technology led to the increase of cyber crimes and there was a need for a decentralised offline wallet to store these digital currencies that are being created which led to the creation of 'single digital currency ledgers'. These single ledgers could hold every blockchain technology but over time, the effectiveness of these ledgers began to reduce. This posed an issue from the technological and business viewpoint as decentralised applications created are being forced to operate with single ledger dependencies.
The only solution to the issue of single ledger dependency is the creation of a new technology capable of executing multi-ledger decentralised applications. This leads us to the "Quant Overledger".
Quant Overledger inherently removes the communication barriers across multiple blockchains.
With Quant Overledger, interoperability between different distributed ledger technologies would be possible, reducing and ultimately eradicating the problem single ledgers poses to technology and business generally.
The main focus of Quant Overledger is divided into three phases:
- the development of an interface to make connectivity to multiple blockchains possible.
- the linkage of existing networks to new blockchains
- the development of a new blockchain operating system allowing developers to easily create multi-chain applications.
The Quant Platform's Business Model:
The quant platform plans to generate revenue via four(4) ways;
Quant Token
Quant token symbol is QNT. QNT would be issued on the ERC-20 standard with 31,000,000QNT tokens available for sale during the token sale and 14,467,000 QNT tokens would be reserved for future purposes.
Price during token sale is 1ETH=430QNT.
Token Distribution and Fund Allocation.
Quant Roadmap.
Quant Team.
Useful Links:
Website: https://www.quant.network/
Whitepaper: https://objects-us-west-1.dream.io/files.quant.network/Quant_Overledger_Whitepaper_v0.1.pdf
Business Paper: https://objects-us-west-1.dream.io/files.quant.network/Quant_Overledger_Business_Paper_v0.1.pdf
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