Each blockchain is designed differently, offers different functions and contains within it ecosystems aimed at addressing different problems. In short, there is no one-size-fits-all blockchain. Furthermore, blockchains are generally not designed to interact, communicate or exchange information with each other.
And that’s exactly where Quant Network comes in, a tool designed to enable interoperability between blockchains via its Overledger operating system, which connects not only blockchains, but also databases, DLTs (decentralized databases), CRMs (customer relationship management systems) and more. Overledger then takes care of connecting each of these components, and offers easy access to developers, via a single intuitive interface (API) that can be used to interact with them.
Quant Network thus removes the barriers that prevent communication between blockchains, and is now a powerful tool, with very useful and interesting practical applications. So let’s find out how to invest in the Quant project and how to buy QNT.
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Buying Quant: Is it worth it?
Quant token (QNT) is based on Ethereum and, currently, has a market cap of $2.5 billion and a total of 14.6 billion units in circulation.
Here are some of the benefits of investing in Quant
- Future Value: Quant Network is evolving and aims to establish itself firmly as a new standard in the Blockchain world. The project is led by very competent and qualified experts; presumably, we will hear about it in the coming years.
- Innovation: Quant’s infrastructure has introduced many innovations and has filled some of the gaps related to traditional Blockchain technologies; at the moment it represents a phenomenon to be followed with great attention.
Let’s see instead the main disadvantages.
- Closed Source: Quant is a closed system that does not publicly share the source code or details on how the technology works; this aspect makes it more difficult to make accurate analysis and estimates on the value it will have in the future.
- Cyberattack: the use of centralized exchanges plays a key role in the interoperability of Quant’s infrastructure; if someone were to find a flaw, a cyberattack could be successful and investors’ coins could be exposed to the risk of theft.
Where to buy Quant
Let’s see now how to buy Quant. Quant cryptocurrency is available on major exchange platforms and online brokers. One of the safest and most convienent is undoubtedly the eToro platform.
eToro is a CySEC regulated online broker that recently celebrated the milestone of 20 million registered users. The platform is characterized by its ease of use and its wide variety of available tools, as well as its security and reliability.
How to Create an Account with eToro
Simply go to the official website eToro, click on Sign Up Now and then enter the information requested in the registration form (username, email address and password) or, alternatively, you can log in through a social profile (Facebook or Google).
Registration is completely free and you can start using the platform immediately. You can also download the eToro mobile app, available on Play Store and App Store.
Features and Functionality
To get started, you can decide whether to use a real wallet or a virtual wallet. The virtual wallet allows you to experiment with your investments, using money that is, in fact, virtual. The real wallet, on the other hand, consists of your real investments and the funds you have deposited on the platform.
If this is your first time depositing funds on eToro, you will be asked to verify your profile by entering your cell phone number, some personal information and answering questions aimed at ensuring a better and safer experience on the platform.
After verifying your profile, simply click on Deposit Funds. Here you can enter the amount you wish to deposit and select the payment method for the deposit, including credit or debit card, PayPal, wire transfer and many more. Once you have deposited your funds, you can finally manage your investments.
How to Buy QNT on eToro: Procedure and Commissions
To buy Quant on eToro, you will simply need to click on Search and type QNT (or Quant) in the search bar at the top of the page. Once you have selected QNT cryptocurrency, you will be able to click on Invest.
You will be able to choose to invest right away, or you can set up an order. If you choose to invest right away, simply type in the amount or number of units you want to buy. If you choose to place an order, you can specify the price at which you want to enter the market.
The commission on the purchase is determined by the spread value, indicated on the official site of eToro in the table of commissions. After you confirm the transaction, you can find the new investment within your Portfolio.
To sell your coins, you can click on your position in the Wallet to view the detail, which will contain all transactions made. Then select the transaction you want to cancel, and click Close Transaction to sell your position.
So we can conclude that Quant Network is a very interesting technology, supported by a very competent team that is working to change the world of cryptocurrencies and blockchain. Interoperability between blockchains is shaping up to be Quant Network’s strong point and, presumably, we will be hearing a lot about it in the future. So we think it’s interesting to keep an eye on this phenomenon, and carefully consider whether Quant cryptocurrency could be a good investment to add to your portfolio.