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{"id":231,"date":"2021-07-25T01:15:12","date_gmt":"2021-07-25T08:15:12","guid":{"rendered":"https:\/\/zombie.wtf\/?p=231"},"modified":"2021-07-25T01:29:30","modified_gmt":"2021-07-25T08:29:30","slug":"quant-laymans-terms","status":"publish","type":"post","link":"https:\/\/zombie.wtf\/quant-laymans-terms-231\/","title":{"rendered":"The Quant (QNT) Network Overledger in Layman&#8217;s Terms"},"content":{"rendered":"\n<p>Token Name: Quant Network<br>Token Symbol: QNT<br>Token Contract Address: 0x4a220e6096b25eadb88358cb44068a3248254675<br>Token Website:&nbsp;<a href=\"https:\/\/quant.network\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/quant.network\/<\/a><br>Uniswap Link:&nbsp;<a href=\"https:\/\/app.uniswap.org\/#\/swap?outputCurrency=0x4a220e6096b25eadb88358cb44068a3248254675\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/app.uniswap.org\/#\/swap?outputCurrency=0x4a220e6096b25eadb88358cb44068a3248254675<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Quant Network, in laymans terms, is a service that allows scalable cross-chain\/platform\/protocol collaboration in a safe and secure manner. Quant&#8217;s Overledger gateway is the first of its&#8217; kind &#8211; allowing existing systems seamlessly work with each other. This enables a multitude of entities, companies, etc. to work together by connecting different types of blockchain technologies.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Why Quant is a Big Deal<\/h2>\n\n\n\n<p>Thanks to Quant, this means that different outfits can use a blockchain that works best for them without having to worry whether there will be issues with migrating or using that data with another system.<\/p>\n\n\n\n<p>And the best part? Quant is able to do this by not actually interacting with any of the ledgers \/ blockchains that it&#8217;s connecting. This means that there are no extra complexity or points of failure when connecting the legers &#8211; which is where it gets the &#8220;OverLedger&#8221; portion of its name. This also simplifies the creation of Dapps and mDapps<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"900\" height=\"655\" src=\"https:\/\/zombie.wtf\/wp-content\/uploads\/2021\/07\/QuantNetworkOverledger.jpg\" alt=\"\" class=\"wp-image-233\" srcset=\"https:\/\/zombie.wtf\/wp-content\/uploads\/2021\/07\/QuantNetworkOverledger.jpg 900w, https:\/\/zombie.wtf\/wp-content\/uploads\/2021\/07\/QuantNetworkOverledger-300x218.jpg 300w, https:\/\/zombie.wtf\/wp-content\/uploads\/2021\/07\/QuantNetworkOverledger-768x559.jpg 768w, https:\/\/zombie.wtf\/wp-content\/uploads\/2021\/07\/QuantNetworkOverledger-670x488.jpg 670w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><figcaption>This is the perfect (simplified) graphic to display how Overledger connects various aspects \/ blockchains. Credit: Coinbureau <\/figcaption><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Quant dApps &amp; mDapps in Laymans terms<\/h2>\n\n\n\n<p>Dapps are &#8220;Decentralized Applications&#8221; &#8211; AKA applications that run on a decentralized network. mDapps are &#8220;Multi-DLT Decentralized Apps&#8221; &#8211; AKA applications that are able to run on multiple various blockchain ledgers. <\/p>\n\n\n\n<p>Quant&#8217;s DLT (Distributed Ledger Gateway) Gateway allows for smart contracts to be written in any number of programming languages, even on DLTs that don&#8217;t support smart contracts natively.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Quant Network Overledger Conclusion<\/h2>\n\n\n\n<p>There is much more to cover, when it comes to Quant (and I will do so at a later date).<\/p>\n\n\n\n<p>In Conclusion, the Quant Network Overledger is a really neat (and much needed) concept that tackles a very important aspect of widespread adoption of blockchain technology and cryptocurrencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quant Network, in laymans terms, is a service that allows cross-chain\/platform\/protocol collaboration in a safe and secure manner &#8211; 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