OneLedger: a bridge across blockchains

voxter (38)in #ico • 7 years ago

Nowadays, blockchain platform is on the rise of world-wide interest and is used in various fields of activities, such as: business, economy, finances, IT, cyber security.

Along with the extension of blockchain networks, the significant problem of platform interaction is identified.

Private and public networks cooperate well through the blockchain system. Difficulties of scalability improvement, multinetwork usage for dAPP also stay opened. The OneLedger project offers solutions of these problems for the business community and individuals. The project team created a «technology bridge», that will connect multiple blockchains, providing more opportunities for the consumers. It will help to implode the blockchain technology into various applications and services.

Conceptual issues

The project team has created a three-layer internet protocol that will improve scalability with an improved consensus algorithm.

The project architecture complies with the principles of the sidechains and the business modulation.

Open chains and closed chains are used in the system. To simplify the model the consensus algorithm is transferred to the appropriate OneLedger sidechain. It will inherit all the protocol properties. The sidechain is synchronized with any public blockchain that supports the hash-time lock contracts (HTLC).

Business modulation is the creation of modules for the companies using a supportive API platform. The offchain data interacts with the OneLedger blockchain and other blockchains available on the platform.

OneLedger founders plans to create a master key authentication platform. It will allow users to register accounts where digital wallets, credit systems and arbitration mechanisms will be. Master key will make all the chains available to the user network, create general identity.

The user will provide only one OneLedger identifier instead of large number. The credit estimate will be assessed due to the users behavior in the network. The arbitration mechanism can be used by the participants to solve problems that may come up in the system lincs. Listed functions will be upgraded to the particular customer needs.

OneLedger team also develops SDK to oversimplify the process migration and Smart contracts arrangement through multiple systems.

DApps will be started across multiple platforms without having to write codes in various languages. Identity management will be executed with the closed and open certification keys.

Peer group analysis

In comparison with the most popular competitors, such as: Hyperledger, BTC, ETH, the OneLedger project allows for higher scalability and substitutable.

The OneLedger сompetitive edge:

easy of use for companies;
unique architecture;
peg with the U.S. dollar.

Token Metrics

OLT Tokens public sale ー May/June 2018. Crowdsale conditions:

tokens general number ー 100 000 000 OLT;
token currency rate — 1 OLT = $0,52;
token standart — ERC 20;
soft cap — $4 000 000;
hard cap — $15 000 000;
seed financing — $1 000 000 (vesting period is 6 months with monthly allowance);
1st private pre-sale — $6 000 000;
2nd private pre-sale — $3 000 000;
public sale — only $5 000 000.

Right now registration for public sale is closed, the team is verifying KYC submissions of 25000 users, but only 10000 will be eligible to participate in public sale.