![]() The recent release of QRC-20 smart contracts introduced a drag and drop style system for creating QRC-20 tokens on the Quant Network - making it easy for businesses to deploy them without any prior experience. Quant Network also allows developers to launch their own blockchain-agnostic tokens using its QRC-20 token standard - similar to the ERC-20 token standard created by Ethereum for deploying compatible fungible tokens on its blockchain. ![]() Furthermore, QNT tokens must be held to create or use mDApps in the Quant ecosystem. All fees, including developer and user fees, are paid with QNT tokens. QNT tokens are used to pay the licensing fees required to access Overledger. Launching an mDApp allows developers to create applications that are compatible with pre-existing, highly-adopted blockchains. Most online applications, from trading software to social media sites, operate using an API.ĭevelopers can use the Overledger operating system to launch multi-blockchain decentralized applications (mDApps). Overledger provides an API link for businesses to connect their standard enterprise technology infrastructure with a range of blockchain ledgers.Īn API is a piece of intermediary software that creates or processes requests between two or more programs or computers. The Quant network’s native cryptocurrency token, QNT, powers the ecosystem and is used to pay for the use of the Quant network.Īt the core of the Quant network is the Overledger DLT Gateway platform. Overledger allows organizations to share information efficiently with other networks. Overledger is not a blockchain itself, but an Application Programming Interface (API) gateway that connects blockchains together. QNT crypto is the native token of the project, which lives on the Ethereum blockchain. Quant aims to address this obstacle through their blockchain gateway, Overledger. Technical differences across these platforms often make it a challenge to connect to and transfer data from one blockchain to another. Today, numerous blockchain networks are in use by organizations and many are built with different coding languages and software development kits. Quant provides organizations and governments with the infrastructure they need to connect their products with multiple blockchains and efficiently transfer data between systems. The Quant Network is a software focused on building connections between existing distributed ledger networks.
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