Coin of the week

t its core, Quant Network is a blockchain interoperability protocol aimed at allowing different systems to communicate and interact seamlessly.

‍Today, we will cover the following topics:
- About Quant (QNT)
- How does Quant work?
- Main features of Quant
- Technical Analysis
- Why is QNT The Coin of the Week?

‍About Quant (QNT)

What is Quant?

‍Quant Network's Overledger is a blockchain interoperability protocol enabling seamless communication between systems, allowing multi-chain applications (mApps) to run simultaneously.

It enhances blockchain efficiency across industries like supply chains and healthcare.

Quant aims to address blockchain interoperability challenges, offering solutions to connect public blockchains and private networks.

It prioritizes global blockchain connectivity and interoperability, working with central banks on Central Bank Digital Currency (CBDC) initiatives to shape the future digital economy.

‍QNT Token

‍QNT is the native token of the Quant network, regulated by the Swiss Financial Market Supervisory Authority as a utility token granting digital access to services.

QNT is an ERC-20 token enabling access to Overledger and validating transactions, with a capped supply of 14.88 million QNT, and 81% in circulation.

Users, developers, and gateway operators purchase annual licenses, converted to QNT and held in the Quant treasury. Non-renewal forfeits fees, discouraging market dumping.

Overledger transaction fees are paid in QNT to gateway operators.

‍How does Quant work?

‍The Overledger system empowers developers to create multi-chain decentralized applications (mDApps) supporting popular blockchains. This capability is made possible by the architecture of the Overledger protocol, consisting of four separate layers.

‍Transaction Layer

‍Verified transactions using distributed ledger technology are stored here. This layer ensures that already validated transactions cannot be confirmed again, streamlining the process of achieving consensus across different blockchain domains.

‍Messaging Layer

‍Transactions from all ledgers are recorded in this shared channel, consolidating transaction-related information including smart contract data and messaging digests from each ledger in the Transaction layer. Transactions are wrapped to maintain privacy between layers.

‍Filtering and Ordering Layer

‍This layer filters and orders messages referred to in the digest of out-of-chain messages from the Messaging Layer. It ensures compliance with application needs and schema, such as specific coin quantity requirements or transaction address limitations.

‍Application Layer

‍This layer governs interactions with blockchains, setting guidelines and methods for all other layers. Each multi-chain application operates within its confines. To use Overledger, applications define necessary and optional rules for communication with other users, programs, and the system.

‍Main features of Quant

‍Quant Network boasts several key features that set it apart:

‍Overledger DLT Gateway

‍Allows seamless communication between blockchains without engaging with ledgers on an application level, offering future-proof scalability for DApps and mDApps.

‍mDApps Support

‍Supports the creation of mDApps, which combine various blockchain features into a single application and can operate across multiple blockchains simultaneously.

‍Multi-DLT Smart Contracts

‍Facilitates complex processes like cross-chain atomic swaps, ensuring secure transactions across distinct blockchains without the need for intermediaries.

‍Unique Security Layer

‍Overledger introduces a unique security layer, ensuring the security and interoperability of multi-chain applications.

‍Scalability

‍Achieves high scalability by processing a significant number of transactions across multiple blockchains concurrently.

‍Technical Analysis

‍From a technical perspective, QNT has been hovering within a range between $100 and $150.

Currently, QNT is approaching the lower boundary of this range. As long as the support at $112.5 holds, we will be looking for buy setups on lower timeframes, anticipating a continuation towards the $130 resistance level.

Why is QNT The Coin of the Week?

‍For this week, we've chosen QNT because of its ability to solve the interoperability problem, provide security, scalability, and facilitate the development of multi-chain applications.

Moreover, from a technical perspective, it is currently hovering around the lower bound of its range, providing us with an opportunity to capitalize on the upcoming bullish impulse movement.

Thanks for tuning in to this week's coin of the week! We appreciate your readership and enthusiasm for exploring the crypto landscape with us.

Join us next week as we unveil another exciting project worthy of attention. In the meantime, don't miss out on our Discord community, where you can engage in 24/7 trading calls and immerse yourself in all things crypto alpha.

See you next week for another coin of the week! 🚀