The cryptocurrency market woke up to a red chart today. While Bitcoin (BTC) was dragged back to the $22,000 band, significant losses were observed in the altcoin market. However, Aptos (APT) and Quant (QNT) continued to gain value despite the red chart.
Aptos has managed to become the star of the latest uptrend. The project started mainnet operations with a strong airdrop in 2022. Although the network is fairly new, it has managed to attract the attention of the blockchain community. APT continued its rise today and climbed above the $13 band.
Project developers achieved significant success in 2023, especially in the field of NFT. There are many NFT projects in the Aptos network. A group including the Aptoads, Aptomingos and TopazMarket NFT collections held an event earlier this week to develop Aptos NFTs.
Quant (QNT) Focuses on Bridges
Quant, which is among the important Layer 1 projects, focuses on bridges developed for inter-chain transfers. Bridges built with networks such as Ethereum and BNB Chain are vital for Layer 1 projects. Industry leaders such as Avalanche and Solana have connected with Ethereum DeFis after the bridges they established in 2021. After this, there were jumps in AVAX and SOL prices.
Quant developers also touched on the risks of bridges in the analysis they shared. Community member Dr. Luke Riley believes that a detailed study in this area will lead them to success;
Bridges are used to move digital assets from one blockchain to another and are a core concept for interoperability. Unfortunately, they are often cited as an important point of vulnerability in large-scale hacking and theft cases. This need not be the case, bridges can be designed securely if the right architecture and protocols are in place.
As it will be remembered, Wormhole, which served as a bridge bet #BountyCreator# ween Solana and the leading altcoin Ethereum, was attacked by cyber hackers and caused great losses.$APT$$QNT$
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The cryptocurrency market woke up to a red chart today. While Bitcoin (BTC) was dragged back to the $22,000 band, significant losses were observed in the altcoin market. However, Aptos (APT) and Quant (QNT) continued to gain value despite the red chart.
Aptos has managed to become the star of the latest uptrend. The project started mainnet operations with a strong airdrop in 2022. Although the network is fairly new, it has managed to attract the attention of the blockchain community. APT continued its rise today and climbed above the $13 band.
Project developers achieved significant success in 2023, especially in the field of NFT. There are many NFT projects in the Aptos network. A group including the Aptoads, Aptomingos and TopazMarket NFT collections held an event earlier this week to develop Aptos NFTs.
Quant (QNT) Focuses on Bridges
Quant, which is among the important Layer 1 projects, focuses on bridges developed for inter-chain transfers. Bridges built with networks such as Ethereum and BNB Chain are vital for Layer 1 projects. Industry leaders such as Avalanche and Solana have connected with Ethereum DeFis after the bridges they established in 2021. After this, there were jumps in AVAX and SOL prices.
Quant developers also touched on the risks of bridges in the analysis they shared. Community member Dr. Luke Riley believes that a detailed study in this area will lead them to success;
Bridges are used to move digital assets from one blockchain to another and are a core concept for interoperability. Unfortunately, they are often cited as an important point of vulnerability in large-scale hacking and theft cases. This need not be the case, bridges can be designed securely if the right architecture and protocols are in place.
As it will be remembered, Wormhole, which served as a bridge bet #BountyCreator# ween Solana and the leading altcoin Ethereum, was attacked by cyber hackers and caused great losses.$APT$$QNT$