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Thread 1/3
Often people ask: “Overledger is not a blockchain, why QNT instead of FIAT?”
FIAT is not viable due to:
- Cross border transactions do not work with FIAT without sacrificing speed, control and introducing additional fees.
Often people ask: “Overledger is not a blockchain, why QNT instead of FIAT?”
FIAT is not viable due to:
- Cross border transactions do not work with FIAT without sacrificing speed, control and introducing additional fees.
Thread 2/3
- Underlying blockchains consumption fees, the QNT token can be atomic swapped for other cryptos to pay for the transaction fee. With FIAT you would need to integrate centralized brokers which take a cut and are vulnerable to hacking.
- Underlying blockchains consumption fees, the QNT token can be atomic swapped for other cryptos to pay for the transaction fee. With FIAT you would need to integrate centralized brokers which take a cut and are vulnerable to hacking.
Thread 3/3
- The Token as a License model ensures licenses cannot be tampered with and provides a verifiable audit trail. With a hackable database, someone could delete all licenses and stop the world using Overledger from functioning leading to catastrophe.
- The Token as a License model ensures licenses cannot be tampered with and provides a verifiable audit trail. With a hackable database, someone could delete all licenses and stop the world using Overledger from functioning leading to catastrophe.
