Quant Network is secured by the Quant Overledger, which forms the network’s backbone. It is responsible for ensuring the secure transfer of information and data on the Quant network by maintaining communication between the DLT networks. Moreover, Quant Network uses the Overledger Distributed Ledger Technology to enhance the network’s security further.
Additionally, the Quant Network community plays a crucial role in maintaining the network’s security as they are responsible for handling the treasury smart contracts and the QNT payments from users to the gateways.
However, online theft and fraud are often conducted not by attacking the blockchain network but by targeting users’ online/hot wallets to expose their private keys. Such malicious actors trick users into revealing their private keys or attack systems with malware.
Hardware/cold wallets overcome this vulnerability by storing private keys in physical storage devices cut off from the internet and, therefore, out of the reach of malicious actors.