Quant Overledger DLTs Gateway - A Success?
"Overledger DLT Gateway allows the interoperation of any type of data, state changes, smart contracts, IDs, or digital assets (fungible and non-fungible) between ledgers. It provides enterprises and developers with what Quant calls “universal interoperability”. Our technology is inspired by the TCP/IP model, on which today’s internet is built."
As the crypto industry continues to expand, I must say that it's getting harder to get an eye on so many gems, basically there's a lot of distractions I'd say…
As the world moves towards an era where so much will be pushed into the air, where it's functionality would be determined by the network model it runs no, to beat competitions, having one's hands on the right tools will be key.
Have you heard of "Scalability"?
Well, here's a tip of why it matters so much.
"Able to greatly increase in capacity, with relative ease"
Scalability and Speed tend to work in hand. Human patience and tolerance in most cases is like 0.0014%
Yes, that's a rough and not calculated figure, but if you look around, you'd understand that no one loves being stressed or kept waiting. In that case, the quest for an ease through things is increasing in high numbers, that's why companies building on things that will ease work, bring effortless good results tend to sell in a blink. Scalability and speed is one factor that quite influences some interesting figures.
"The Quant project encompasses the Overledger blockchain operating system and QNT token, both tasked with ensuring interoperability between multiple blockchains and enabling linking between global networks and chains with more flexibility."
As quoted from cryptonews.com
Question is : has this been achieved? Or what are the chances of achieving its so called future "Internet of trust"
On the Quant space, I've observed that the most frequently used word is "interoperability" and I think it's whole value, and use case boils down to this.
As the World grows to embrace the Internet, Quant believes there's a need to introduce a system that eases connections, I may be wrong.
While going through a few details on their website, it quite feels like there's some potential, and judging from the Quant token price having had quite the ROI over the 3 years life span, a very limited supply as well (about 14 million), it all came together feeling alright!
An article published on Coindesk tend to raise some debates on why Quant promises for crypto has been a failure.
That's way back as August 2020, not so far I agree, but maybe there's some good news, maybe?
What do you think about Quant?
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