Quadrant is a blockchain-based protocol that enables the access, creation, and distribution of data products and services with authenticity and provenance at its core. It will operate on a Proof of Authority consensus mechanism to handle more transactions, operate at a lower gas price, achieve faster transactions, and restrict malicious nodes from entering data. An external Proof of Work chain will be used as an anchor for security purposes. The Quadrant Network will utilise two different currencies for its protocol: eQuad and QUAD. The native digital cryptographically-secured utility token of the Quadrant Network (QUAD) is a major component of the ecosystem on the Quadrant Network, and is designed to be used solely on the network. eQuad is an ERC-20 standard-compliant placeholder digital tokens on the Ethereum blockchain which would be sold, and which may be converted into QUAD via a gateway when the Quadrant Network mainnet is eventually launched. In this whitepaper, "eQuad" shall refer to the placeholder token prior to mainnet launch, and shall refer to QUAD after the mainnet launch.
