Quant Network is the Blockchain operating system for the future
what is Blockchain:
A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a cryptographic hash of the previous block, a timestamp and transaction data.By design, a blockchain is inherently resistant to modification of the data. It is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way”. For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for inter-node communication and validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority.
Blockchains are secure by design and exemplify a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been achieved with a blockchain. This makes blockchains potentially suitable for the recording of events, medical records, and other records management activities, such as identity management,[ transaction processing, documenting provenance, food traceability[ or voting.
Blockchain was invented by Satoshi Nakamoto in 2008 for use in the cryptocurrency bitcoin, as its public transaction ledger. The invention of the blockchain for bitcoin made it the first digital currency to solve the double-spending problem without the need of a trusted authority or central server. The bitcoin design has been the inspiration for other applications.
what is Quant Network:
Quant network wants to build meta protocol that facilitates the development of applications for the communication between different blockchains in other words Quant Network is proposing an application which creates a platform for blockchains to interact with each other. Although Overledger shares common technical aspects with some of the existing projects, it separates the business logic from the underlying ledger technologies. This means that general-purpose applications can exist on different ledgers at the same time, with the ability to communicate with each other. In fact, Quant Network proposes an “over layer” on top of existing blockchains which applications can run on.
The Overledger is the platform on which multi-chain decentralized applications will run. Quant Network will provide the means for developers to create applications to interact across blockchains using a Software Development Kit (SDK).
When developers create their own DApp, they will not have to worry about details such as, will it fork, will it be fast enough, etc. Overledger will provide the DApps with the ability to have it communicate to any blockchain. Usres will actually be able to launch entreprises and middleware applications not tied to a single blockchain.
What is ICO ‘’ Initial coin offering’’ :
An initial coin offering (ICO) (derived form initial public offering) is a means of crowdfunding centered around cryptocurrency, which can be a source of capital for startup companies. In an ICO, a quantity of the crowdfunded cryptocurrency is sold to investors in the form of “tokens”, in exchange for legal tender or other cryptocurrencies such as bitcoin or ethereum. These tokens supposedly become functional units of currency if or when the ICO’s funding goal is met and the project launches.
ICOs provide a means by which startups avoid costs of regulatory compliance and intermediaries, such as venture capitalists, bank and stock exchanges, while increasing risk for investors. ICOs may fall outside existing regulations depending on the nature of the project, or are banned altogether in some jurisdictions, such as China and South Korea.
TOKEN SALE: 1 MAY – 12 MAY
Ticker: QNT
Token type: ERC20 ICO
Token Price: 1 QNT = 1.89 USD (0.00233 ETH)
Fundraising Goal: 46,200,000 USD (57,000 ETH)
Total Tokens: 45,467,000
Available for Token Sale: 68,19%
Team:
The project has prominent advisors from the london tech and has a strong capable team, Quant Network’s CEO has a very solid background, including a lot of experience in information security. He is definitely at the forefront of this project, and the company could not have a better fit. The team and advisory board are strong, and they have been working on Quant’s Overledger since 2015.
Quant Network Advisors
CEO - Gilbert Verdian has been working in Cybersecurity for 20 years at CIO/CTO/CISO level in Financial Services, Governments, Consulting and Industry. He’s also the founder of the Blockchain ISO Standard TC307 where 40 countries are working together to develop the Standard.
Chief Strategist – Dr. Paolo Tasca heads up the world’s largest blockchain centre, The Centre for Blockchain Technologies at University College London and is a Digital Economist with an economics background in central banks.
CTO - Colin Paterson is a technology innovator with a 20 year background in Information and Cybersecurity.
For more information about the ICO please visit the Following Links:
Website: https://www.quant.network
Twitter: https://twitter.com/quant_network
Facebook: https://www.facebook.com/quantnetwork
Telegram: https://t.me/QuantOverledger
written by;
Bounty0x Username: hassan500