The First Project Report: The World's First Cross-Chain Operating System, Quant's Alternative Cross-Chain Road

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In order to connect blockchain and networks globally without reducing network efficiency and interoperability, the Quant Networks solution was proposed in 2018, which is the world's first Web3 project to solve interoperability issues by creating a blockchain operating system.
To achieve interoperability between different DLT frameworks, as well as between DLT and existing networks and enterprise systems, Quant proposed a solution to this single-ledger dependency problem, which is to introduce a new technology to design, deploy, and execute decentralized applications with multiple ledgers. This technology is called Overledger. Overledger is the future blockchain operating system (OS). It enables applications to function across multiple blockchains. Overledger securely eliminates barriers that prohibit communication across multiple blockchains, providing unlimited possibilities for data and applications.
June 14, 2024 QNT will land in The First spot area, let's find out what is Quant? . What makes this project stand out? What is the Tokenom of QNT?
What is Quant?
As a cutting-edge blockchain platform, Quant is committed to using innovative technology to solve interoperability issues between blockchains and open a new chapter in blockchain interconnection. Quant's core mission is to seamlessly integrate blockchain with existing networks and promote the development of multi-chain applications (Mapps), enabling these applications to run efficiently across multiple blockchain platforms.
Quant is not only a bridge of technology, but also an engine of innovation. It is built through the operating system distributed ledger technology - Overledaer Network, used to connect different blockchain networks. The main goal of Quant is to use Overledger to bridge the gap between different blockchains. Overledger allows developers to build decentralized applications (called mDapps) for their clients. In order for developers to build mDapps on the network, they must hold a certain amount of Quant tokens (QNT).
Quant proposed a solution to this single-ledger dependency problem, which is to introduce a new technology to design, deploy, and execute decentralized applications with multiple ledgers. This technology is called Overledger. Overledger is the future blockchain operating system (OS). It enables applications to function across multiple blockchains. Overledger securely eliminates barriers that prohibit communication across multiple blockchains, providing unlimited possibilities for data and applications.
Therefore, when we mention Quant, we often associate it with its star product - Overledger. However, Quant is the driving force behind this and the core force driving the interoperability of blockchain and the development of multi-chain applications.
As Quant's most prominent technology, Overledger will handle all the difficulties in blockchain connections. At the same time, this technology ensures the synchronization of all databases and applications on the current and future blockchain, without being limited by any algorithm or method.
Overledger aims to build a super gateway for existing networks to be compatible with blockchain and vice versa. Quant targets 4 audiences.
  • Enterprise : Enables many enterprises to easily connect their networks to blockchain systems without being "locked in" by existing platforms or providers. By promoting cross-chain interoperability, Overledger helps many companies enter new markets to enhance resilience and minimize losses.
  • Personal : Establish trust between people or machines to ensure secure and reliable payments. Provide customers with a level of access and control over their personal information that we have never experienced before.
  • Healthcare : Enhancing the security and connectivity of health data. Revolutionizing the global health information exchange (HIE) by making medical records better and more secure for the benefit of patients and the scientific and healthcare communities.
  • Government : Facilitation allows some governments to cut salaries to increase transparency and cooperation with government entities and citizen advertising businesses. Create opportunities for contacts between public and private institutions.
Unlike existing DLT interoperability platforms, Overledger decouples the message layer from the transaction layer of related DLT technologies, with the following features:
Flexibility: If the underlying DLT becomes obsolete or transaction fees are prohibitive, the option and ability to move to a different ledger ensures availability and saves money for users.
Backward compatibility: The ability to connect legacy data sources or external APIs to DLT technology, leveraging key features of the technology.
Simplicity: Easy-to-use development interface to produce cross-ledger and standard applications, shorten IPO time and democratize development.
Quant Token Economics
QNT, as the Utility Token of Quant Network, is used to connect and use other products and services on the network. In addition, QNT Token is also used to verify transactions on Overledger. Including all developers, users or multi-chain services must authenticate by using the QNT token connected to their mAppID and bpi-Key.
Developers use QNT tokens to:
  • They pay licensing fees when building software on Overledger.
  • Maintenance fees for applications on Overledger.
  • Pay for other services and utilities.
  • Developers will also collect QNT tokens from their applications.
Enterprises use QNT for:
  • License fees for building applications on Overledger.
  • Platform fees.
  • Service maintenance fees and additional fees when used in conjunction with other services.
  • Users can use QNT Token to access other mApps on Overledger.
The total supply of QNT tokens is 14,612,493 QNT, and its distribution plan is as follows:
TGE (Token Generation Event) (54.6%)
Private and pre-sale (13.6%)
Reserve (18.1%)
Founders (9.2%)
Consultants and employees (4.5%)
Unlike Polkadot, which has established a large and complex cross-chain ecosystem, Quant has solved the limitations of the current blockchain's inability to communicate with each other by building an operating system. Quant has successfully integrated into multiple blockchains such as Bitcoin and Ethereum, and is one of the few projects that have been implemented and operated well. In this round of market trends, with the help of The First, QUANT can achieve a larger ecological coverage, capture large-scale ecological applications, and highlight commercial value.