Quant Community (QNT) Partnership With NASDAQ
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At the moment, we’ll talk about information that NASDAQ printed an article outlining Quant’s traits and the way Quant could also be utilised to beat various restrictions which have been recognized in various tasks available on the market. NASDAQ printed a storey titled, Might Quant’s Overledger Stop One other Wormhole Incident? on February 4th. The article mentioned present information of one of many largest cryptocurrency hacks in historical past. A foul actor seized virtually $300 million in belongings because of the exploit, which happened by way of the Wormhole bridge. A hacker was in a position to make use of a set of sensible contracts on the bridge to validate a fraudulent transaction on Wednesday.
The hacker was capable of steal 120,000 bundled ETH price $326 million ultimately. One-third of the wealth has remained on Solana, the place it’s being mingled with different belongings, whereas the opposite two-thirds has been transferred to the Ethereum community. The article went on to clarify how using Quant’s Overledger service can scale back the hazard of bridge exploitation and, because of this, the probability of crypto belongings being stolen. Quant is ready to instigate interoperability procedures, permitting each community on the planet to speak with each other. It intends to perform this utilizing Overledger fairly than bridges. Overledger permits customers to hook up with blockchain networks immediately and seamlessly. Overldger provides a layer of safety to this service by permitting belongings to be moved from one chain to a different.