Quant Coin Gains 15% As Demand For Solutions To Run App On Multiple Blockchain Soars
Quant coin (QNT), the native cryptocurrency of Quant Network has appreciated almost 52% in the past week. As companies across the globe hurry up to implement blockchain, one major hurdle remains.
The entire distributed ledger technology and blockchain platforms offered by several companies remain fragmented and disjointed.
With that in mind, Quant Network created Overledger, a unique blockchain operating system that aims to resolve the issues of single ledger dependency by simplifying interaction among DLTs, permitting general purpose apps to run on top of various blockchains.
Overledger enables applications to run across several blockchains. Overledger safely terminates barriers that limit interaction between various blockchains, providing innumerable opportunities for data and applications.
The prospective applications of blockchains are apparently unlimited. Blockchain is used by smart cities, new factories 4.0 and business startups for a variety of needs, from making cross-border payments to music sharing. Almost all of digital usage and footprint is expected to be run through blockchain systems in the forthcoming years.
According to the WEF, blockchain apps will contribute to 10% of global GDP by 2027. However, in order to really create endless opportunities with blockchain technologies, there is a need to:
- Enable applications to run across multiple blockchains
- Not be restricted to any single technology
- Facilitate the exchange of data across multiple blockchains. This involves cognizance of transactions related to ownership changes (for off and on-chain assets) and obligations/rights, originating from smart contracts, across various blockchains.
Overledger is a blockchain operating system that provides the ability to transfer value and applications across existing and future blockchains, without being restricted to a single technology or mechanism. Overledger is an agnostic platform that links the world’s networks to existing and future blockchains.
Over the top of blockchains, Overledger provides a meta-gateway for current networks to link to blockchains and vice versa.
Quant Network is scheduled to release SaaS product in the third quarter. At the time of writing this article, Quant Coin has gained 15% to trade at $13.06.