Quadrant Protocol price is $0.00371313
| Market Rank | #2918 |
|---|---|
| Market Cap | $ 2.0M |
| Volume 24h | $ 24.2 |
| Circ. Supply | 543.2M |
| Total Supply | 1000.0M |
| Max Supply | ? |
| Genesis Date | 25/6/2018 |
The current price of Quadrant Protocol (EQUAD) is $ 0.00371313. It has recently decreased by -3.42% in the past 24 hours.
Quadrant Protocol (EQUAD) is a blockchain-based protocol allowing access, creation, and distribution of data products and services, ensuring authenticity and provenance at its foundation. The protocol aims to offer a blueprint for mapping disparate data sources, enforcing data's trustworthiness via data stamping and building 'Constellations', referring to data smart contracts from different sources. This mechanism makes sure that data consumers can trust the legitimacy of the data they are purchasing, and the 'Nurseries', or the data producers, are compensated fairly each time their data is put to use.
Quadrant Protocol stands apart from its competitors by enabling 'Elons' - the sharpest data minds - to find connections between different 'Constellations' and form mega 'constellations'. These mega-constellations can then be utilized by data consumers to solve real-world problems. Moreover, Quadrant is designed to work with both centralized and decentralized services, which adds a layer of flexibility and scalability to its operation.
Quadrant Protocol's architecture comprises the core Quadrant blockchain, clients such as the Data Producer, Data Consumer, and Anchor, in addition to Guardian Nodes. It operates based on a Proof of Authority consensus mechanism which ensures better transaction handling, lower gas prices, high-speed transactions, and restrains malicious nodes from injecting data into the network. For bolstering security, an external Proof of Work chain is used for anchoring purposes. Currently, Ethereum's blockchain is applied for this role, but it can be switched with any public chain in the future if necessary.
Quadrant Protocol uses two separate currencies within its network: eQuad and QUAD. QUAD is a utility token planned for exclusive use on the network, and it's used for data stamping, enabling simple and complex access structures, facilitating simple and complex subscription payments, and for staking by Elons. eQuad, on the other hand, is an ERC-20 compliant token sold during the Token Generation Event (TGE). This currency can be converted into QUAD through a gateway when the Quadrant mainnet is launched.
As of now, the market cap rank of Quadrant Protocol (EQUAD) is #2919 with a market cap of $ 2.0M.
You can purchase Quadrant Protocol (EQUAD) on Probit, Hotbit, IDEX, which is currently offering this cryptocurrency.
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