The blockchain ecosystem has been without a universal operating system that will enable applications to operate across manifold blockchains available. Evident on the blockchain network is the inability of applications to communicate without restrictions for enhanced functions and possibilities.
However, there are obvious restrictions and limitations for application and value distribution on multiple blockchains using the presently available technology. This has brought the conventional less adoption of the blockchain technology by enterprises and governments due to the lack of a general interface for enhanced performance and development. Thus leading to wrong questions like ‘why should I use blockchain’ by business executives given the implementation costs.
Imagine a simple multi-party project that will thrive without hassles provided that there is an operating system will face barriers due to the fact that ideas would have to be sold to the highest stakeholders. Then the issue of compatibility of such blockchain will become another problem, however, such idea will and might be thrown away. Given the fact that the blockchain network is in fragments with many competitors and many emerging alternatives apparently with complex architecture and at the same time lacking interoperability, businesses won’t be able to pick and depend on one of the blockchains once and for all.
Practically, the dearth of compatibility among blockchains instigates the decentralized applications (DApps) to become subject to single-ledger. So after a company decides on a blockchain solution to use, they are fixed in or forced to migrate. With a sight on the abounding potential on the blockchain network, there is a need to provide an operating system for the blockchain network, Quant Overledger aims to provide a platform for applications to function fully over the multi-chain application on the blockchain network.
Overledger OS using QNT token will enable interoperability of blockchain applications. Since DApps run a single blockchain or a protocol at a time which means that asset is accumulated on different multi chains. Overledger OS will provide an interface were assets from a certain digitized community is usable, recognized and effective on other existing networks and between blockchain enterprises. This is given the giant uses of the blockchain network and its magnificent progress in pilot projects and new emerging platforms and also leading to adaptive application development on the blockchain network
Overledger is a patent-pending blockchain Operating System (OS) taking a cue from both OSI and TCP/IP layering models to address the issue of single ledger dependency on the blockchain network. Overledger OS aims to serve as the future OS for the blockchain that has the ability to manage and execute data to and fro any type of blockchain permitting DApps to exchange the data found on the distributed ledger technology while using the exchanged data that has been pooled together mutually.
Overledger OS accomplishes interoperability of the blockchain application and enterprises by decoupling the blockchain architecture which includes the transaction layer, messaging layer, filtering and ordering layer and application layer. This is similar to the principles that inspired the OSI and TCP/IP models for communication networks of reallocating tasks.
Hinges on the overledger OS novelty
The Overledger operating system for a decentralized application and multiple chain application in providing interoperability through:
Being flexible
this the option to choose from existing ledgers if the distributed ledger technology basically used charges exorbitant fees on transactions or become dated.It’s backward compatibility
The overledger OS has the ability to connect to application programming interface to the DLTs to enjoy the basic aspects of the technology.Very simple
A very smooth and comfortable interface to create across the ledger and standard applications that saves time and is easily developed by developers.
The overledger will create an ecosystem of users in a community with an enterprise driven multi-chain applications and users while connecting the internet to blockchain via overledger. This, however, will lead to the mass adoption and acceptance of the blockchain through the cooperation of developers and testers. When there is a mass adoption of overledger on the blockchain network, basic Internet application on the overledger operating system. The users on the overledger operating system will be their Quant IDs to blanket the Quant IPs to make transactions across blockchain application and multi-chain applications while Instituting an internet of trust.
Overledger having handled technology for enterprises and governments previously using their know-how to create technology that can be simply adopted with manifold benefits. Therefore, overledger has created an open Blockchain Programming Interface (BPI) through which blockchain application will be developed and also an overledger Software Development Kit (SDK) which consists of a set of software that could be used by developers to achieve the criterion to assess the overledger functionality whose benefits are enormous.
This operating system will make all technology and multi-chain application open for use while distributing the functional application on the blockchain. The overledger while eliminating redundancies and bring technology agonistic which is ready for existing and future blockchain technology. Also in the offing is the Quant app store which is slated to be launched in the first quarter of 2019 to offer opportunities to develop MApps and earn on publishing their applications.
TOKEN
The Quant Overledger token (QNT) will be issued in the form of an ERC20 token. It will function as a multi-utility token that will be used to fuel the Quant platform.
Platform: Ethereum
Token Symbol: QNT
Soft cap: 23.467 Million QNT tokens
Current price: 1 ETH = 430 QNT
Accepted currencies: ETH
TEAM
Kindly visit https://www.quant.network/ for more information.
Whitepaper: https://www.quant.network/wp-content/uploads/2018/04/Quant_Overledger_Business_Paper_v0.1-1.pdf
Twitter: https://www.twitter.com/quant_network
Bounty0x: ammier
Author's profile link:https://bitcointalk.org/index.php?action=profile;u=1820055;sa=summary