Brief Definition of Quant | Indodax Academy Dictionary
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Quant is a blockchain project that aims to provide cross-chain interoperability via the Overledger platform. Overledger is a blockchain operating system that allows multiple blockchains, both public and private, to communicate and interact with each other.

The QNT token is a utility token used to power Quant Network’s Overledger software solution

Quant Network seeks to overcome the problems of isolation and limitations currently faced by multiple blockchains running separately. Using Overledger DLT, Quant Network aims to connect public blockchains and private networks, and enable decentralized applications (DApps) to run simultaneously on multiple blockchains.

QNT tokens are used to pay the licensing fees required to access and use Overledger, as well as to create or deploy cross-chain decentralized applications (mDapps) within the Quant ecosystem

Examples of Quant usage in sentences:

“The company decided to use Quant Network’s Overledger to build a cross-chain decentralized application that can run on multiple blockchains at once.”
“To pay Overledger’s licensing fees and gain access to the platform, they must use QNT tokens.”
“By using Overledger, companies can take advantage of the benefits of multiple blockchains without interoperability issues.”

Apart from the Quant terms that have been explained here, there are many other crypto terms that you can learn more about. You can find information about these terms in the most complete crypto dictionary from Indodax Academy.


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