Ten Takeaways On One Ledger

in #cryptocurrency6 years ago

oneled.png

  1. Cross-ledger blockchain platform utilizing modified Byzantine Fault Tolerant consensus and sharding. One Ledger is both highly scalable and customizable.

  2. Architecture relies on two core principles: side chains and business modularization. Side chains may be synchronized with existing networks such as BTC, ETH, orIBM Hyperledger and may be permissioned or permissionless.

  3. Mission is to make it easier for existing enterprise adopt and integrate blockchain technology into their existing business applications.

  4. Allows both corporate and retail customers to utilize the One Ledger digital wallet to transact, and conduct payment processing/settlements across multiple business networks.

  5. Consensus architecture across multiple blockchains, allowing cross-chain data search and processing. Utilizes hierarchical grouping akin to the Merkle Tree.

  6. Data security is fostered through a common validation mechanism.

  7. Killer feature* : development of SDK that allows dAPPs to be ported and deployed with smart contracts over a variety of platforms.

  8. 100M OLT tokens for a hardcap of $10M as follows: seed round 1M, private presale 9M, public sale 5M (values in USD). Seed round has vesting for 6 months, with monthly cliffs for the bonus implemented in smart contracts.

  9. All star team with founder David Cao having over 3 years of blockchain experience and 10 years of enterprise architect experience. Key members include Alex Todd, Stephen Li, Edwin Zhang, Othalia Doe-Bruce, Paul W. Homer, Alex Lan, and Lester Li.

  10. Advisors include Trevor Koverko, CEO of Polymath Network, Reuben Loo of MW Partners, and venture investor Sam Onat Yilmaz.

Reference and further data in the whitepaper: https://oneledger.io/wp-content/uploads/2018/04/oneledger-whitepaper.pdf

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