Reviews Of Decentralized Network -OPK
Talking about packaging, one could have a slight idea of its market but packaging has different markets that one might not think of. Packaging has its digital packaging and labeling market which is almost as important as the product inside of it. Everything on the package, the design, just everything is scrupulously considered. Another example is the alcoholic drinks packaging which could be the bottle, the can, as well as the label. As more people find alcohol as a social drink as well as a celebratory drink, the right packaging will help it to stand out. One crucial market for packaging is the dairy packaging. People nowadays feel the health importance of dairy products and as the demand for it increases all over the world, the packaging becomes very important and one could say crucial because of its special handling.
Open Packaging Network will then answer the future need for an efficient communication in the packaging industry by bringing in, in one platform, the important parties such as the sellers, buyers, producers, consumers, suppliers, and stakeholders. The process would play out with the buyer and seller as the main actors.
There are two types of process for the Open Packaging Network transactions in the Bid-Bet Model which are the Bidding and the Betting. The Bidding process starts with a buyer posting their order. The sellers then will start bidding with their token as stake. The validators will then come into action to prepare the list of the sellers who bid to the buyers. After considering the list, the buyer will stake some coins and then select which offer they will take up on.
The payment will be underway and controlled by the smart contract. For the Betting process, it works the same way as the bidding process only it is betting and instead of a buyer posting their order, a seller will post an item from their inventory and the buyers will, in turn, start betting. In both processes, one can notice that validators are an important party, they prepare and validate lists in accordance to a pre-set rules.
Since validators are present in both the processes of Open Packaging Network of Bid-Bet Model, choosing the validator of a certain transaction goes through a process with a consensus algorithm. First, there's voting by stakeholders that will depend on the coins they held. Then, voting is followed by consensus which is based in the Delegated Proof of Stake. From the pool of voted validators, item-orders are matched to a certain validator which will then start to prepare and validate the list of the transaction of an item-order.
For the payment network within Open Packaging Network, it will allow the use of BTC and ETH along their own token the OPK, but the advantage of using OPK token is that it will only add a minimal transaction fee compared to the transaction fee by ETH and BTC payment method.
To More Know About Us:
Website: http://www.opnplatform.com/
ANN Thread: https://bitcointalk.org/index.php?topic=4550928.0
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