The evolution of the blockchain technology has triggered a wide range of development in the various global sectors. Many organizations like financial institutions, educational sectors, Medical bodies, and others, have all adopted this technology into their various activities. However, this system is faced with a major problem of lack of adequate interoperability and inability to make use of a Distributed Ledger Tools.
This is due to its dependency on a single central server, and this has made it liable to a lot of difficulties like insecurity, lack of seamless interoperability, and others. These call for an upgrading and improvement of the blockchain technology, which is exactly what has led to the emergence of QUANT OVERLEDGER platform.
WHAT IS QUANT OVERLEDGER?
Quant overledger is a platform designed to give solution to the flaws occuring in the use of the blockchain technology.
IMPLEMENTATION OF DECENTRALIZATION
The main issue facing the blockchain technology is the use of a single ledger of operation which is associated with the risk of insecurity, and restriction in activities accessible on the platform.
Overledger aims at solving the problem by implementing the blockchain technology with a decentralized system of operation. This will bring about seamless interoperability; users will be able to access a cross-platform activities, rather than being restricted to their own platform. This will also increase the communication rate between Distributed Ledger Technologies (DLTs)
across various blockchain platforms.
The platform offers an enhanced level of scalability in executing transactions and various other activities on the plaform.
In the cases where new technologies are to be added on a platform, or the updating of the existing ones, it is usually tasky and difficult. It often result to inability to build a meta-adapter which can bring together all existing and new blockchains, there is therefore a need for the building of various adapters with different capabilities for the for the operation of the blockchains.
Overledger offers an approach in which both existing and new blockchains are binded and treated together as a decentralized queue of transactions.
The platform has four implemented layers for the effective performance of various tasks. These layers are:
✳️TRANSACTION LAYER: Here, transactions on the ledgers technology are stored. It contains various operations which are to be sent to different consensus. It is represented by different isolated ledgers.
✳️ MESSAGING LAYER: this layer stores transaction information. It also help in retrieving any form of relevant information from the ledgers. This layer also enhances security of information by giving solution to the issues of authentication, identification, and authorization of all actions involving messaging.
✳️FILTERING AND ORDERING LAYER: This layer filters out messages from the transaction data, including those that were just referenced in the transaction. It initiates a connection between messages that were appended on the messaging layer. It also validates out of case memory in the case of a metadata storage.
✳️ APPLICATION LAYER: This allows various applications to interact together by using messages that meet the required format and signatures.
Overledger brings about an advanced level of blockchain interoperability.
ICO INFORMATION
Token ticker : QNT
Token type: ERC20 ICO
Token Price: 1 QNT = 1.51 USD (0.00232558 ETH) Fundraising Goal: 36,900,000 USD (57,000 ETH) Total Tokens: 45,467,000
Available for Token Sale: 68,19%
Whitelist: YES
Know Your Customer (KYC): YES
Сan't participate: CHINA, CUBA, IRAN, NORTH KOREA, SYRIA, USA
DETAILS ABOUT THE TEAM
To learn more about the Quant network overledger project, visit any of this links;
Website: https://www.quant.network
Whitepapper: http://files.quant.network/files.quant.network/Quant_Overledger_Whitepaper_v0.1.pdf
Telegram Group: https://t.me/QuantOverledger
Twitter: https://www.twitter.com/quant_network
Facebook: https://www.facebook.com/quantnetwork
Authors 0x username: Bossbaby