With the development of the Internet and cryptocurrency market, blockchain technology is increasingly in demand. Its potential seems limitless and currently developed economies of the world along with dozens of startups use blockchain technology for all spheres of life - from making global payments to exchanging music. Not surprisingly, in the next few years, most of the digital consumption will be performed through blockchain technology, even if people do not realize it. Although the potential of this technology may seem endless, there are certain limitations.
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An important limitation in the work of modern blockchain technology is the inability of block connections to interact with each other. In this regard, there is a fair question - why not to create a corresponding smart contract for Ethereum? The main limitation of modern blockchain technology, identified by Quant founders, was the inability to dock the blocks and their interaction with each other, i.e. common lack of interoperability. In order for blockchain technology to realize its true potential, it should provide unimpeded communication between several blockchains, as well as the recognition of transactions by purpose. In this connection, there is a fair question - why a smart contract not to recognize the code generated in other projects of blockchain system as part of its process?
Overledger platform has become a real breakthrough in this direction, which is the first compatible blockchain operating system that facilitates the development of decentralized, multipurpose online applications. Overledger can unlock and adapt applications to each other in current and future blockchain projects. Thus, Overledger is a unique platform that connects all the world's networks with the blockchain and ensures that a user is not limited to any supplier or technology.
History of Overledger
London company Quant Network is set to revolutionize blockchain technologies with the development of Blockchain operating system called "Overledger". An experienced team of professionals is committed to implementing the interaction of different groups of users through the Internet, creating an open trusted network for people, technology and secure data storage for safe operation.
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In 2016, the CEO and co-founder of Quant Network, Gilbert Verdian, joined forces with leading expert in technology innovation Colin Paterson and digital economist Paolo Taska to form the team that will participate in the development of the future operating system based on blockchain. No other organization has so many opportunities, as well as combined technical expertise, covering the whole world and various sectors to implement this idea.
Quant team is also committed to cooperation and the formation of strategic partnerships to address problems that impede the development of the potential of blockchain technology. The company recently joined Accord project and established a partnership with the University of HUW Hamberg to address the issue of the development of smart contracts.
The project was launched in 2016, and by April 2017 the research had been completed and Quant Network company was registered in Zurich. In the 1st quarter of the current year, the preliminary project pre-sale was held. The basic ICO was also successfully over in the 2nd quarter, having quickly reached the level of the project's hardcap ($40.6 million). The release of the full-featured version of the platform is scheduled for January 2019 in conjunction with the release of the Quant App Store application. The main partners of Overledger project are the Distributed Ledger Foundation, Haw Hamburg.
Advantages of Overledger
Overledger will consider the main limitations of the existing blockchain technology and realize its true potential. Overledger platform is set up to destroy existing stereotypes and boundaries. Also, thanks to the platform, it is possible to expand the capabilities of companies to connect their network to existing technologies or suppliers without time limits. With the support of the multipurpose platform, Overledger will allow enterprises to access new markets, increase financial stability and reduce the risk of unprofitable investments.
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For individuals, Overledger platform provides secure transactions and a high level of control over personal information. Also, the platform will significantly improve security, confidentiality and compatibility with other health data programs. The platform allows improving global health information exchanges (HIEs) by making electronic medical records more effective and safe for the benefit of individual patients, as well as the scientific and medical community.
Overledger is also beneficial for states, allowing government to make decisions with minimum level of bureaucracy, but increasing transparency and cooperation between governments, business and citizens. There will be an opportunity for cooperation between the public and private sectors.
Overledger cryptocurrency
Despite the end of the period of token sales for investors, it is necessary to note the basic information about the cryptocurrency for users. For calculations on Overledger, QNT tokens are implemented in compliance with the ERC-20 standard. All calculations on the platform are performed in ETH, 1 ETH allows purchasing of 430 QNT.
Conclusions
Thus, Overledger is the only platform that facilitates the development of decentralized, multi-purpose applications and provides the merging of various projects of different scales. The main functions of the platform are the ability to connect blockchain-based platforms and existing networks, creating platforms for decentralized, multi-purpose applications and connecting the Internet to blockchain via Overledger. Overledger platform provides users with security and a high level of trust for the available commission fee when working with applications. Overledger will consider the main limitations of blockchain technology, limiting its true potential, and will allow for merging projects safely, quickly and comfortably.
Links:
Website: https://www.quant.network/
WhitePaper: https://clck.ru/Dd9jv
Telegram: https://t.me/QuantOverledger
Facebook: https://www.facebook.com/quantnetwork
Twitter: https://twitter.com/quant_network
Medium: https://medium.com/@quant_network
ANN: https://bit.ly/2K7n4IV
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.