Quant utilizes a variation of a Proof of Stake consensus algorithm that enables users to stake their coins to help secure the network. This helps to ensure that the blockchain remains secure and is resistant to attacks.
The platform also uses a unique consensus algorithm called “Delegated Proof of Stake” (DPoS) which is designed to provide a high level of scalability and security. Unlike Proof of Work, DPoS requires users to stake their coins to support the network and earn rewards. This helps to ensure that the network remains secure and is resistant to attacks.
The platform also makes use of a smart contract system that allows developers to create and deploy decentralized applications (dapps) on the network. This gives developers the ability to create applications that are secure and trustless. Dapps built on Quant can be used for a variety of tasks such as tokenizing assets, creating digital wallets, trading digital assets, and more.
Founder: Gilbert Verdian
Proof Of Stake
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