Quant was founded in 2015 by Gilbert Verdian, Paolo Tasca and Colin Paterson. Later in 2018, they launched their token $QNT on the #Ethereum blockchain.
How will Quant create interoperability between blockchains?
#Quant developed a software called, the 'Overledger' which is designed to connect to public and private networks, allowing for easy multi-chain communication and removing any unwanted barriers.
#Quant's Overledger consists of THREE layers, each gets delegated task-specific jobs. These are the THREE layers:
Transaction Layer - where the storage of transactions is of prime importance. Everything needed for agreement occurs on the 'Transaction Layer'.
Messaging Layer - will deal with data and information transfer, which includes Transaction Data, Smart Contract Data and Metadata.
Filtering and Ordering Layer - is similar to the messaging layer as it also manages messages on the network, however, this layer filters and validates messages/searches into the database, as neatly as possible.
The Overledger DLT (Distributed Ledger Technology) gateway
The main purpose is to transfer data such as Fungible Tokens, #NFTs, Smart Contracts and more between any network or distributed ledger system.
In 2020, the DLT market was valued at $3B, however, predictions suggest the DLT market will reach $39B+ by 2025.
The #Quant network also consists of 'mDapps' which are essentially 'DApps' (Decentralised Applications) but instead mDapps have the capabilities of working on as many blockchains as the Quant network can connect to.
This is amazing for developers looking to take advantage of building a #DApp with minimal restrictions, by being able to reap the benefits from any selected #blockchain.
$QNT is an ERC-20 token built on the #Ethereum blockchain, which has the capability of swapping to any other network.
$QNT, which is the native token of the #Quant network is used to provide access to an application/service.
To access the 'Overledger' operating system, it is required to pay a license/platform fee using the $QNT token on the #Quant network. Fees are paid in a fixed 'FIAT' amount and the number of $QNT tokens needed varies on the price of the token.
At the time of writing, $QNT is sitting at a price of $118 with a large market cap of over $1.58B. You may think the price is high now, but back in 2021 #QUANT was sitting at a major price of $428+ and exceeded a market cap of over $4.6B!
@Chainlink is a decentralized oracle network that was created by Steve Ellis & Sergey Nazarov that first launched in 2017, on the #Ethereum network.
First, let's understand what #Chainlink does and how it works.
@Chainlink is a 'Decentralized Oracle Network (DONs)' maintained by #Chainlink 'Node Operators', that provides off-chain (real-world) data to smart contracts on the blockchain.
Here's a thread on the state of Play-to-Earn projects.
Play-to-earn games, for better or for worse, have attracted a lot of attention in crypto space over the past year. Because of this, we can't go around it anymore.
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Top projects like Alienworlds and Splinterlands see a large number of users on average per week - 504,000 and 440,000 respectively.
Funding for Play-to-Earn games is increasing year by year, demonstrating the growth of the industry.
The developers then raised money to compensate users affected by the hack. Other games, such as the Solana’s Aurora and the Avalanche’s Clavada, have stepped up to challenge Axie Infinity's first mover advantage.
How To Develop The Right Attitude For Trading Success! 🔥
In this this thread, I'll advise you read along on how to develop right attitude to trading success.
All of my newsletters/guides are posted on my website for free:
🌎AltCryptoTalk.com
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It is important to have the right attitude towards trading and this involves seeking the required knowledge to succeed. Someone can have educational and professional experience in traditional finance, but struggles to understand the crypto market.
Learning could involve accessing the right trading resources — such as e-books and technical tools — as well as getting mentorship from an experienced crypto trader. You should also be willing to ask yourself a few questions before embarking on your trading journey.
#Presearch is a decentralized search engine that not only rewards users for exploring #Web3 on their platform but aims to bring security and privacy to its users.
@Presearchnews launched their search engine and token $PRE in 2017.
In October 2020, @Presearchnews established that its users made over 10 million monthly searches. Today, 21 months later averages over 150 million user searches!
Are crypto optimists going to make it in five years? That's the million dollar question in today's thread. Read along as i share my thoughts on this intriguing topic.
I've been reading about some crypto concepts recently, and one that caught my attention was the metaverse. The idea of a virtual world where I can assume a new identity and participate in real-world activities sounds interesting.
However, critics says it's a ridiculous concept because the metaverse in its current form achieves nothing. It is just another money-making scheme that involves cryptocurrencies and NFTs. After considering all of this, it struck me to share some of my reservations with you.
In 2018 a a ton of crypto projects raised a staggering USD $5B in ICOs. With a total mcap of over $900B, the cryptocurrency market has attracted the attention of many, including traders looking for quick cash with few regulations.
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What Are ICOs?
The word ICO is an abbreviation for Initial Coin Offering, this is a marketing strategy used by owners of cryptocurrency projects to raise capitals for further development of their project, through the use of ICO trading platforms, such as; CG and many more.
Hence, the investors receive unique cryptocurrency "tokens" in exchange for their monetary investment in the project. This unique token gives investors exclusive access to certain features of the project.