- Quant continues to expand the power of its networks, with the launch of the Overledger Network.
- With the Overledger Network, developers of mDApps can now utilize Quant’s distributed network of RCGs to carry out BTC, ETH, and XRP transactions.
- The Quant development team recently celebrated its 6th anniversary together.
- With Quant’s growth in 2021, the QNT tokens have also been on the move, gaining 119% in value since the start of 2021.
Different blockchains have different functions, each solving a unique problem, but not without drawbacks. The Quant Network was created to solve this problem by facilitating interoperability between blockchains.
The project was designed to bridge the gaps between blockchains on a global scale without reducing efficiency. The Quant Network is built on outstanding technology, but how has it fared in recent times?
Recent Developments and Future Events
On September 26th, the team behind the Quant Network celebrated its 6th anniversary (the project was not launched until June 2018).
Also in September, Quant launched the Overledger Network. Part of Overledger 2.1. the Overledger Network is the culmination of almost two years’ work.
With the launch of the Overledger Network, developers of mDApps (a multi-DLT version of decentralized applications) can now utilize Quant’s distributed network of Remote Connector Gateways (RCGs) worldwide to carry out BTC, ETH, and XRP transactions.
According to the Quant Network, support for the different cryptos will continuously be rolled out and added to the Overledger Network in phases, however, it did not state any timeline for the releases but could release future upgrades for the Overledger.
The Overledger Network can also unblock and distribute value, dApps, and mDApps across current, and possibly future, blockchains. The network will also allow institutions to host gateways to interoperate and unlock private digital assets and permissioned DLTs to the rest of the world.
Before Overledger 2.1, the Quant Network launched an API (Application Programming Interface (NASDAQ:TILE)) in Overledger 2.0.5 that provided its users with access to DeFi, NFT and stablecoin ecosystems.
Interestingly, Quant’s API technology allows users to transact and settle between different digital asset types with just a few lines of code.
Price Updates
Quant (QNT) has begun to recover, following the downtrend sparked by China’s anti-crypto policy. Over the last 24 hours, QNT has gained 4%, pushing its price up to $282.96.
The 24 hour price chart for Quant (QNT). Source: Tradingview
Since the start of 2021, QNT has rallied more than 119%. Quant has gained more than 47% in the last month alone, meaning that it now possesses a market cap of $3.42 billion. When graded by market caps, Quant is ranked as the 41st largest crypto.
On The Flipside
- While the Quant Network offers an outstanding solution to interoperability, the project is not as popular as it should be.
- Other interoperably focused projects like Cosmos have grown more popular, and rank much higher than Quant.
Community
Over Quant’s 3 years in the crypto space, it has built a strong community of believers. Underlining this is the official Quant Network’s Twitter (NYSE:TWTR), which has amassed over 51.3k followers.
Community members have also formed other pages, like @NewsQnt and @Quant_111, to keep up with community events.
The Dailycoin team discovered that the Quant community is particularly hyped about the launch of the Overledger Network. Following the release, one Twitter user, named @Liverpoool164, wrote:
Imagine that you invested in something that serves as the base for everything like Microsoft (NASDAQ:MSFT) Android and IOS actually much bigger and without any real competition in the upcoming change. $QNT pic.twitter.com/VrSsBF4doH— Liverpool (@Liverpoool164) September 24, 2021
@kether49, another Twitter user, wrote the following about the Quant project:
Central banks chose $QNT and you still cant see the big picture? No riddlers or riddles needed. Quant is the future of interoperability— Kether (@kether49) September 28, 2021
Addtionally, @SanNL11, had this to say about the project;
Seamless RTGS interoperability alone will make $QNT make a >10k$ coinNo solution better fit than $QNTs multi-ledger token on Overledger@CryptoSeq gives an example$ISO20022 $RTGS $SDX $INTEROPERABILITY $CBDC https://t.co/xelnOUtLf5 pic.twitter.com/B09Zqt4THu— San (@SanNL11) September 29, 2021
@QuamfyKazi, who is bullish about the future of Quant (QNT), believes that;
Expecting to see $QNT around the 1.5-2.5K mark minimum around Christmas time This is very possible Who’s excited? Chart from: @legitcryptonerd @QNTMami pic.twitter.com/NYYwZj9Doq— $QNT Kazi (@QuamfyKazi) September 26, 2021
Why You Should Care?
With the launch of the Overledger Network, Quant aims to revolutionize blockchain technology. The network can unblock and distribute value and next-gen blockchain applications across current and future blockchains, making them a very promising project.
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