1/ @quant_network are laying the foundations for a new digital asset network that can provide scalable interoperability, rapid payments, reducing gas fees by up to 93% for all blockchains with MultiDLT payment channels whilst seamlessly integrating with existing financial networks
2/ Overledger Network can be the settlement network for all blockchains offering lightning fast payments with low gas fees with Multi-DLT layer 2 payment channels that are interoperable. Think of it as multi-chain lightning networks across blockchains. $QNT
3/ It will also connect financial institutions, central banks and CBDCs and existing payment rails. Where any enterprise / community member can offer a service through overledger gateways via the marketplace for others to consume.
4/ Other blockchain ecosystems will be easily able to connect to Overledger network to take advantage of this faster payments, scalable interoperability and make their ecosystem available to other members of OVN and enterprises / clients using it.
5/ Metcalfe’s Law states that a network’s value is proportional to the square of the number of its users. This Network of Networks effects will cause not only the ecosystem to grow exponentially but also the value of the network as more and more join the ecosystem.
6/ These network effects lead to explosive growth as seen with the Internet and other social media platforms. $QNT captures the value of all connected blockchains and APIs and all connected blockchains and APIs benefit from being part of the Network of Networks.
7/ DEXs can build on top / connect to Overledger Network to provide fast and low-cost transactions across all blockchains with the native asset being traded. Enterprises will use Overledger Network for real-time low cost settlement / Capital Markets / Cross border transactions
8/ Fast, scalable, low-cost, high frequency enterprise grade oracles are also possible that can span multiple blockchains with treaty contracts. (Multi Chain Smart Contracts).
9/ Quant have been meeting financial institutions, enterprise clients and Governments to connect to OVN. their vision is that OVN is going to be hub that connects the US, China, Latin America, Australia, UK and Europe to interoperate digital assets and cross-border transactions.
10/ "We're talking one of the largest software companies in the world who want OVL gateways to create and inter-bank network for all their financial services clients and connecting them all through their gateway to the OVN." -Gilbert Verdian
13/ For more info on Quant see the following tweet with links to other threads. $QNT https://twitter.com/CryptoSeq/status/1341410210641002496
You can follow @CryptoSeq.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:

By continuing to use the site, you are consenting to the use of cookies as explained in our Cookie Policy to improve your experience.