{"id":11014,"date":"2023-01-10T11:31:08","date_gmt":"2023-01-10T11:31:08","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=11014"},"modified":"2022-05-18T02:18:39","modified_gmt":"2022-05-18T02:18:39","slug":"what-is-quant","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/what-is-quant","title":{"rendered":"What is QUANT?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-quant\/#how_does_quant_network_work\" >How does Quant Network work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-quant\/#the_quant_network\" >The Quant network<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-quant\/#how_do_mapps_work\" >How do mApps work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-quant\/#overledger_and_qnt_network_marketplace\" >Overledger and QNT network marketplace<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 4<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p>Quant is one of the best projects launched in\u00a0<strong>2018<\/strong>. Its main goal is to connect blockchains to other networks around the world. The project has its own token called Quant (QNT) from\u00a0<strong>Quant Network<\/strong>. In this post we will tell you all about what it is used for and how it works.<\/p>\n<p>As we already know, in the blockchain world there are numerous\u00a0<strong>projects<\/strong>\u00a0and each of them\u00a0<strong>solutions<\/strong>\u00a0to certain problems. These blockchains have their own ecosystems, each one different and unique. The differences between all these ecosystems make it very difficult to achieve a\u00a0<strong>connection<\/strong>\u00a0between them. Therefore, Quant seeks to\u00a0<strong>combat<\/strong>\u00a0this problem by achieving\u00a0<strong>interoperability between blockchains<\/strong>. Below we will see how it works.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"how_does_quant_network_work\"><\/span><strong>How does Quant Network work?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The first thing to know is that the\u00a0<strong>Quant network uses distributed ledger technology or DLT<\/strong>. This technology is used in most industries today for a variety of reasons. It is worth noting that it is a rather complex technology, so it does not integrate with different generations of systems and this means that it cannot reach its<strong>\u00a0full potential.<\/strong><\/p>\n<p>Quant\u2019s platform, unlike its technology, is a simple platform. This platform has a high level of security that makes\u00a0<strong>interoperability convenient when connecting any DLT network<\/strong>\u00a0in the world. However, we must keep in mind that this is a closed source project and therefore requires a\u00a0<strong>license<\/strong>\u00a0to be used.<\/p>\n<p>In Quant\u2019s platform we can use certain currencies such as\u00a0<strong><a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-bitcoin\/\">Bitcoin<\/a>,\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-ethereum-eth-and-how-does-it-work\/\">Ethereum<\/a>,\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/buy-xrp\/\">Ripple<\/a>,\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-stellar-2\/\">Stellar<\/a>, among others.<\/strong><\/p>\n<p>Thanks to the Overledger OS system we can connect not only blockchains, but\u00a0<strong>numerous types of DLTs, databases, CRM systems<\/strong>\u00a0and much more. No additional blockchain is required for this, and thanks to this we can say that it is a\u00a0<strong>smooth and<\/strong>\u00a0<strong>hassle-free process<\/strong>.<\/p>\n<p>The networks that Quant connects are linked by what we know as\u00a0<strong>a single API<\/strong>. This feature allows developers to access these\u00a0<strong>DLTs<\/strong>\u00a0in a short period of time. This is because the infrastructure needed to run them is implemented.<\/p>\n<p>In terms of what this technology allows us as users, the\u00a0<strong>Quant Network<\/strong>\u00a0cryptocurrency allows its users to<strong>\u00a0develop smart contracts<\/strong>\u00a0in blockchains that do not support this type of technology. An example would be the Bitcoin network. In addition, users can also employ Quant to develop their multi-blockchain applications. These applications are referred to as mApps. The\u00a0<strong>mApps<\/strong>\u00a0can\u00a0<strong>run on multiple blockchains<\/strong>\u00a0at the same time, as they require different resources from various networks for their operation. In addition, this network also\u00a0<strong>has the ability to encrypt and sign transactions as well as transfer digital assets between different blockchains<\/strong>.<\/p>\n<p>If a user wants to access the Quant network it is important to note that they must acquire the native QTN\u00a0<strong>token to access<\/strong>\u00a0the\u00a0<strong>Overledger<\/strong>\u00a0operating system.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div id=\"image_371848305\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/12\/QUANT1.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/12\/QUANT1.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/12\/QUANT1-300x205.jpg 300w\" alt=\"QUANT\" width=\"768\" height=\"526\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/12\/QUANT1.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/12\/QUANT1-300x205.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/12\/QUANT1.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"the_quant_network\"><\/span><strong>The Quant network<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As it is a<strong>\u00a0closed source network<\/strong>, the details of its operation are not available to the public. However, there is information that we can know, such as\u00a0<strong>the fact that Quant is not a blockchain per se.<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>To achieve a correct operation, this ecosystem has the following elements:\u00a0<strong>Overledger OS, Multiprocess applications (mApps), The Overledger network, The Overledger network marketplace, The treasure and finally the QNT token<\/strong>. Below we will detail its main functions.<\/p>\n<p>The Overledger OS functions as the heart of the ecosystem. Simply put, it is an\u00a0<strong>interoperable<\/strong>\u00a0blockchain operating system. This system allows users to access multiple blockchains simultaneously.\u00a0<strong>Overledger OS<\/strong>\u00a0is mainly characterized by being\u00a0<strong>hyper-decentralized.<\/strong>\u00a0This means that it executes and stores data in sets of blocks and not in a single one.<\/p>\n<p>&nbsp;<\/p>\n<p>As mentioned above, we cannot know exactly how this system works, but we know that it is mainly based on\u00a0<strong>Google\u2019s open source Kubernetes<\/strong>\u00a0technology. The Kubernetes technology allows an application to support a large number of users without crashing due to network overload and automatically corrects any\u00a0<strong>errors<\/strong>\u00a0encountered.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>To make use of this technology, users must pay an annual license fee. By purchasing this license users can\u00a0<strong>develop mobile applications<\/strong>\u00a0on the operating system. These applications are very\u00a0<strong>different<\/strong>\u00a0from what we know as dApps (Decentralized Applications) that are built on a single blockchain as for example in the Ethereum network.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"how_do_mapps_work\"><\/span><strong>How do mApps work?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The mApps are composed of\u00a0<strong>treaty contracts<\/strong>. These are programs capable of executing multiple\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-a-smart-contract\/\">smart contracts<\/a>\u00a0on different\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-blockchain-and-how-does-it-work\/\">blockchains<\/a>. Depending on which blockchain these applications are developed on, their\u00a0<strong>speed<\/strong>\u00a0of execution will vary. To understand this better let\u2019s take an example. If we develop a mobile application based on the Ethereum network it will execute at most approximately 1<strong>5 transactions per second<\/strong>, while if we develop a mobile application based on the Solana network, it would be capable of executing about\u00a0<strong>65,000 transactions per second.<\/strong><\/p>\n<p>Numerous\u00a0<strong>resources from different blockchains<\/strong>\u00a0can be used to run these mApps. We could use the features of the\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/all-about-solana-sol\/\">Solana<\/a>\u00a0network for its speed and couple them with the features of the Bitcoin network to take advantage of its privacy.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div id=\"image_1923801304\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/12\/QUANT.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/12\/QUANT.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/12\/QUANT-300x205.jpg 300w\" alt=\"QUANT\" width=\"768\" height=\"526\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/12\/QUANT.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/12\/QUANT-300x205.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/12\/QUANT.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"overledger_and_qnt_network_marketplace\"><\/span><strong>Overledger and QNT network marketplace<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>An important part of this project is the\u00a0<strong>Overledger Network Marketplace. This marketplace<\/strong>\u00a0allows users\u00a0<strong>to trade with mApps<\/strong>\u00a0by selling or buying their data. The transactions executed in this marketplace are executed through the system\u2019s Treasury and\u00a0<strong>smart contracts developed in Ethereum.<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p>It should be noted that the network treasury charges a\u00a0<strong>small fee<\/strong>\u00a0that goes towards the development and operation of the Quant network. Through the Treasury, companies can pay for the necessary licenses at<strong>\u00a0FIAT<\/strong>\u00a0to subsequently acquire\u00a0<strong>QNT tokens.<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>QNT is\u00a0<strong>Quant\u2019s native network token<\/strong>. These tokens are locked in the Treasury during the license. QNT is an ERC-20 token and through it we can access the platform and the ecosystem.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 4<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>Quant is one of the best projects launched in\u00a02018. Its main goal is to connect blockchains to other networks around the world. The project has its own token called Quant (QNT) from\u00a0Quant Network. In this post we will tell you all about what it is used for and how it works. As we already know, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-criptomonedas"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/11014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=11014"}],"version-history":[{"count":0,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/11014\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/7412"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=11014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=11014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=11014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}