[ANN] ✨ OneLedger ✨ A Business Modularization Blockchain Protocol

[OneLedger]

We are excited to announce that Kucoin will be joining the OneLedger network as a Validator during the Kratos launch.

The details of the Kratos launch are given in the following blog: https://oneledger.io/blog/oneledger-mainnet-rollout





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🌟Update on BitTreasure🌟

Close to 18m OLT tokens have been locked up so far.
The event is open until April 22, 10am EDT.

Participate now to earn more OLT 🚀

Sign up here: https://btmx.com/#/finance/financeList




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OneWallet Public Launch takes place on May 11, 2020.

The OneWallet has a feature integrated called the OneLedger Naming Service (ONS). Users can utilize this service to buy, sell and manage domains. Read the blog to learn more!!

Blog: https://www.oneledger.io/blog/oneledger-naming-service




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Here are the winners of OneWallet Beta Testing. Congratulations!!

We would like to thank everyone who participated as a Beta tester and gave their valuable feedback 😊

To those who have won, please pm @sparmar9 to veriify your account and further instructions.

OneWallet Public Launch takes place on May 11, 2020 🔥





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OneWallet Public Launch takes place on May 11, 2020 🔥

In this video, our Director of Product, Aly Kassam, and our Full Stack Developer, Oleksandr Kovalov, guide you through the basics of Ledger wallet and how to use it to store and transfer your OLT tokens once it’s integrated by the Ledger team. Check it out!!

Video:

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Meet Pavan Kappara, the Software Architect at OneLedger. In this video, Pavan shares his experience with OneLedger and the challenges involved in the blockchain industry. Check it out!!

Video:

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Hello Ledgerians,

We just launched the OneWallet Chronos (Testnet) version on the Google Chrome Web Store.

Please note, this is a Test version and do not send any ERC20 OLT to this address.

OneWallet Kainos (Mainnet) version will launch on May 11, 2020.

Blog: https://www.oneledger.io/blog/onewallet-is-live-on-chronos-network

Download now: https://No link shortners - please include original link/OneWalletChronos




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https://www.oneledger.io/blog/onewallet-is-live-on-chronos-network


OneWallet is Live on Chronos (Testnet) Network





Hello Ledgerians,

 

Today, we have accomplished yet another milestone. The OneWallet Chronos (Testnet) Version is now available on Google Chrome Web Store for the public.

Please keep in mind that this version of OneWallet is a Testnet version currently hosted on the Chronos (Testnet) network. Please do not transfer any ERC20 OLT tokens to this version of OneWallet. This is strictly for testing purposes only.

The OneWallet Mainnet Version will be released on May 11, 2020.




The current OneWallet Testnet version supports almost all of the functionalities which will be available for the Mainnet version. You can use the wallet to buy/sell domains and transfer test tokens between Ethereum and the OneLedger network.

 

Click here to download the OneWallet Chronos Version.

 

Our next milestones are:

1. The Mainnet launch - April 30, 2020

2. OneWallet Mainnet Version release - May 11, 2020

3. Token Migration from ERC20 to OLT native tokens - May 11, 2020

 

Thank you for all your support. If you have any questions/feedback, feel free to reach out to us on Telegram.


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Hello Ledgerians,

The Token Swap will take place on May 11, 2020 and will be supported by CoinEx, Kucoin and BitMax.
All 3 exchanges are currently syncing with our #DevelopmentTeam  to perform the Mainnet token intergration within their exchanges. Once they have successfully finished this step, they will make an official announcement with all the details for the swap.

Thank you for your patience.




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https://www.oneledger.io/blog/oneledger-launches-kainos-mainnet





OneLedger launches Mainnet (Kainos)


The day has finally arrived. What started as a dream in 2018 is finally coming to fruition. In 2018, a small group of inspired individuals decided to create an interoperable blockchain which would one day perform transactions in a decentralized manner
without the need for intermediaries. After two years of blood, sweat and tears, today, our team has reached a stage where we can launch a truly interoperable blockchain in this industry.

The OneLedger Mainnet (Kainos) is now live. This is the start of a new era for enterprises and developers. Enterprises can start integrating the OneLedger blockchain solutions, and the Developers can start building Dapps on the OneLedger network.

Our #DevelopmentTeam  has been working around the clock since the company's inception, and we would like to extend a huge round of applause to them for building the Founder, David Cao's vision. A vision where traditional small to large businesses can easily connect with the decentralized world.

We are launching the following tools for our community as part of the Kainos launch:

OneExplorer
OneExplorer is a website where users can view transaction history, account balances, block information and transaction fee.
Click here to view the OneExplorer.

OneWallet
Official OneWallet release takes place on May 11, 2020. Through OneWallet, users can participate in OneLedger's unique Domain Management Services, use interoperability between Ethereum and OneLedger and store digital assets.
In future versions, OneWallet will be used as a one-stop-shop for all the consumer and business needs.
Watch the OneWallet demo videos:
Video 1: Create Account and Send Transaction
Video 2: Domain Management
Video 3: Interoperability

Next Step: Token Swap




As we have transitioned from the Ethereum to the OneLedger network, we will need to go through a Token Swap. For those of you who do not know, a token swap is a process of converting the digital assets from one network to another. This swap will convert your ERC20 OLT tokens to the native OLT tokens and will be supported by the three official exchanges, CoinEx, Kucoin and BitMax. Our #DevelopmentTeam  is currently working on integrating the Kainos network with the exchanges. The exchanges will make an official announcement regarding the procedure once the integration is complete.

We want to thank our community for all the support we have received in our journey towards the Mainnet launch. We look forward to many years of blockchain development together!!


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https://www.oneledger.io/blog/introducing-oneledger-payments-solution-ol-pay




Introducing OneLedger Payments (OL Pay) Solution


OneLedger’s Kainos launch allows us to forge forward into an era of Service and Application Development. The first of these services is a Payment Solution, allowing our partners to leverage our interoperable Blockchain solution through a widget on their website.

The OL Pay widget provides businesses with an opportunity to leverage all the currencies supported by the OneLedger Protocol. The solution will also provide complete settlement to fiat for businesses looking to provide additional payment options but do not wish to hold digital currencies.


OL Pay will first launch with Non-Profit organizations to help scale their donations to digital currencies, and allow them the ease of transfers into fiat currencies. Digital asset donations will be treated exactly as donations of financial assets (such as stocks and bonds). For financial assets, the value is determined once the asset is converted to fiat, that is where our solution will be most effective as OneLedger is working with a settlement partner, VirgoCX, to ensure fiat conversion happens in real-time. That way, the digital asset donation will retain the fiat value at the time of donation.


VirgoCX is a Canadian operated fiat to crypto digital asset exchange and will provide the liquidity required for the currencies supported by OneLedger and VirgoCX and convert them into fiat. OneLedger will support CAD and USD initially.


“Global payments and remittances powered by digital assets are an inevitable trend. We have seen significant growth in the digital assets payment space and it will be integrated with more industries with wider adoptions of digital assets. Partnering with OneLedger allows VirgoCX payment business to service more merchants and digital asset holders globally”. Said Adam Cai, CEO at VirgoCX.


“Our goal for OL Pay is to get a strong footing with Non-Profits and then enter the eCommerce space, ensuring that the solution is streamlined and leverages OneLedger’s interoperability offering. VirgoCX and our strategic Non-Profit partners provide the foundation we need to make OL Pay a success.“ Said Aly Kassam, Director of Product at OneLedger.


To kick off this project, OneLedger has strategically partnered with a couple of Canadian charities that are currently accepting cryptocurrencies, Project Give Back and Pathways to Education Canada.

“We recognize that there are so many crypto users who are eager to express their charitable goals and OneLedger has provided a seamless platform for them to do so. By supporting Project Give Back, they are enabling thousands of children to learn about kindness and philanthropy and seeding a generation of empathic leaders of tomorrow”, said Melanie Levcovich, the Chief of Operations at Project Give Back.


“As early adopters in the space, Pathways is proud to have been the first Canadian charity to issue tax receipts for Bitcoin donations. With the support of OneLedger, we’re excited to explore new ways to connect with crypto users and provide the opportunity to make meaningful change in the lives of youth living in low-income communities across the country,“ said Jason Shim, Director of Digital Strategy & Transformation, Pathways to Education Canada.


In addition, each of the Non-Profit Partners and our Settlement Partner will be provided with Domain Name in our OneLedger Domain Naming Service. The Domain Name will serve as a URL to send funds on the OneLedger Network and in the future, will be directed to their Business Page in the OneWallet. Stay tuned for enhancements to the OneWallet, OneLedger Naming Service (ONS) and Business Verification Services.


OneLedger is actively recruiting other NGOs to partner with. If you are an NGO looking to work with digital assets, please connect with us here.

 

-----------------

About OneLedger

Enterprise blockchains operating in silos require a bridge to connect the data flow from one blockchain to another. OneLedger bridges that gap, transferring data seamlessly. Our universal protocol allows for integration with any blockchain, giving Smart Contracts deployed on OneLedger the ability to directly access any chain connected to the network. OneLedger bridges private and public blockchains with centralized databases, making it truly unique to the needs of enterprises.

OneLedger Business Solutions

OneLedger Consumer Products

OneWallet

 

About VirgoCX

VirgoCX, a Toronto-based regulated fiat-to-crypto exchange that aims to provide the best-in-class digital asset and stable coins trading experience in Canada. Retail and institutional investors can benefit from one of the lowest trading costs in the industry, high order book liquidity and institutional-grade custodianship, along with 24/7 customer service. As a registered entity (Money Service Business), VirgoCX’s institutional-grade custodianship minimizes the counter-party and settlement risks concerning digital asset investors.


About Project Give Back

Project Give Back is a premier provider of compassion and leadership education for elementary students.  Project Give Back began in 2007 through the inspiration of its founder and community advocate, Ellen Schwartz.
For over a decade, this unique grassroots project has grown and expanded and is a highly regarded educational program in schools. Her vision and mission of giving has empowered thousands of children, along with their families and local communities.

Project Give Back inspires young minds to develop meaningful relationships with their community and become global-minded citizens.  The program ignites a spark and students of today become the leaders of tomorrow who make a positive impact on the lives of others.  The Project Give Back symbol, a boomerang, represents the inner joy we feel when we throw kindness out into the world.


About Pathways to Education Canada

Pathways to Education is a national, charitable organization breaking the cycle of poverty through education. Its award-winning program is creating positive social change by supporting youth living in low-income communities to overcome barriers to education, graduate from high school, and build the foundation for a successful future. Through the collective power of partnerships, Pathways to Education’s innovative program is equipping youth with the skills they need to succeed in the modern workplace.



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You can use the #OneWallet to manage accounts on all the blockchains supported by the network.

OneWallet Kainos version launches on May 11, 2020. Download from the Web Store.

3 days to go⏰





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Important update for $OLT Token Swap. Please read and reach out to us on Telegram if you have any questions.

The exchanges are aiming for a swap sometime next week and they will make an announcement soon.

Blog: https://www.oneledger.io/blog/token-swap-faq




Token Swap FAQ


Hello Ledgerians,

We want to provide you with an update for the Token Swap. We have been continuously communicating with the three exchanges: BitMax, Kucoin and CoinEx.

All the three exchanges will provide an update in the coming days regarding the Token Swap for their specific exchange. After they announce, we will notify our community via all our social channels and the newsletter.
The exchanges are still aiming to start the swap process sometime next week.

We have noticed some questions regarding the Token Swap, and we would like to address it.

1. Is there a deadline for the swap?
Ans. There is no fixed deadline for the swap at the moment (we will announce and give adequate time if a deadline is implemented in the future). The exchanges will frequently trade their ERC20 tokens with the mainnet tokens from the OneLedger team at the backend. The user will not notice this, as this arrangement is between the exchanges and the OneLedger team. The users do not need to worry about anything related to the swap. It is a very straight-forward process.

2. How do I swap the tokens?
Ans. After the exchanges announce with the specific steps and date, all you would need to do is deposit your ERC20 tokens to an Exchange of your choice (BitMax, Kucoin or CoinEx), and then withdraw it. When you withdraw these tokens, they will be the Mainnet OLT tokens, as the swap would have already taken place at the backend.

3. How do I differentiate between the ERC20 and Mainnet OLT tokens?
Ans. The ERC20 OLT tokens can only be deposited/withdrawn from an address starting with “0x…”
The Mainnet OLT tokens can only be deposited/withdrawn from an address starting with “0lt…”
Please keep this in mind when depositing or withdrawing OLT tokens from the respective network.

If you have any questions/concerns related to the Token Swap, feel free to reach out to our team on our Telegram channel. We are happy to help!!

 

Note: Please do not send tokens to anyone pretending to be from the OneLedger team. We have recently become aware of many scammers pretending to be from the OneLedger team and asking for tokens. Stay safe!!


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You can use the OneWallet to buy your favourite Domains on the OneLedger network.

OneWallet Kainos version launches on May 11, 2020. Download from the Chrome Web Store.

2 days to go 🚀


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Get ready to use the interoperability feature between Ethereum and OneLedger within the OneWallet.

OneWallet Kainos version launches on May 11, 2020. Download from the Chrome Web Store.

1 day to go 🚀

$OLT $ETH


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Hello, Ledgerians. Please see the details from CoinEx for the $OLT Token Swap.

Blog: https://announcement.coinex.com/hc/en-us/articles/360042906592-ERC-20-OLT-Withdrawal-Closed-Permanently


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Hello, Ledgerians. Please see the details from Kucoin for the $OLT Token Swap.

Blog: https://www.kucoin.com/news/en-kucoin-will-start-the-oneledger-mainnet-token-swap


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Hello, Ledgerians. Please see the details from BitMax for the $OLT Token Swap.

Blog:  https://bitmaxhelp.zendesk.com/hc/en-us/articles/360047487774-Announcement-on-Supporting-OneLedger-OLT-Token-Swap


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Hello Ledgerians,

We just launched the OneWallet Kainos version on the Google Chrome Web Store.

Blog: https://www.oneledger.io/blog/onewallet-is-now-live

Download now: https://No link shortners - please include original link/OneWallet

OneWallet is now Live.




Hello Ledgerians,

 

The moment you were waiting for is finally here. The OneLedger team has officially released the OneWallet on the Kainos Mainnet for the public.


The OneWallet is currently available on the Chrome Web Store.  https://chrome.google.com/webstore/detail/onewallet-kainos-mainnet/bbmdccojdbpcpmoadenplnoncfcijgkn

 

OneWallet is the first of many products we are releasing to the blockchain community with an intention to bring in crypto mass adoption through our wallet as we integrate more features in the future.

 

Let's run you through some of the features of the OneWallet:

 

1. Manage Blockchain Accounts



Through OneWallet, you can manage accounts of all the blockchains supported by the OneLedger network. The wallet currently supports Ethereum and OneLedger with an aim to integrate support for more public and private blockchains in the future.

You can use OneWallet's "Send" functionality to send digital currency from your Ethereum and OneLedger accounts.

 

&t=166s


2. Interoperability



Through OneWallet, you can use OneLedger's interoperability to transfer cryptocurrencies from one network to another. Since OneLedger currently supports interoperability between Ethereum and OneLedger, users can transfer ETH between the Ethereum and OneLedger accounts.

&t=185s

Please note: The ETH Redeem Transfer, which moves ETH from OneLedger to Ethereum network, has been temporarily disabled to maintain network security.

 

3. OneLedger Naming Service (ONS)




Another key feature included within the OneWallet is our unique OneLedger Naming Service (ONS). You can use this feature to Buy, Sell and Manage all your domains on the OneLedger network.

The ONS allows the community to move away from complicated hexadecimal account addresses to a user friendly naming convention.

The fees gained from the purchase/selling of any domains will be distributed amongst the validators on the network.

To learn more about ONS, click here.

&t=172s

We hope you have a pleasant experience using our wallet. If you have any questions, please reach out to us on Telegram. We are happy to help!!


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Hello Ledgerians,

Kucoin has successfully completed the OneLedger Token Swap.

Announcement: https://www.kucoin.com/news/en-token-swap-of-olt-complete


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Kainos (Mainnet) is now available on the Google Cloud Platform. Get started now!!

Click here: https://console.cloud.google.com/marketplace/details/chronos-225820/oneledger-mainnet-kainos-node?q=oneledger%20kainos%20mainnet%20full%20node&id=089656f4-5edb-4c56-8628-9b1839f5b1ba


--------------------------------


Hello Ledgerians,

The Developers have completed another sprint. Here is the biweekly Dev update.

Blog: https://www.oneledger.io/blog/development-update-18-0

Development Update




In this sprint, we concentrated on completing all the Protocol Security Audit Bugs and being Feature Complete for the OneWallet 2.0.

The list of changes include:

Protocol and Kainos Network Config

- Core Protocol

Kainos ETH config Set up

Code Cleanup

Ethereum Witness Set up

Remove Validator Command in CLI

Create Witness Store

Dump Trackers into Genesis file with new "0lt" Prefix

Create the ability to Add and Remove Validators while Network is running

Updated Tendermint to V0.33.3

Test Mandatory Restart conditions for Tendermint

Add Password Policy

Implemented initialization command to create Genesis File

Kainos Load Testing

- DevOps

Deployed Kainos

SPIKE: To test if Explorer can Listen for Validators

Implemented Listener for Validator and Witness

Deployed Explorer UI for Kainos

Log Rotation

Explorer DB Backups for Kainos and Chronos

Chronos Monitoring

Kainos Monitoring

OneWallet 2.0

Add ERC20 Token Warning to Wallet

Ledger Connect Coming Soon Screen

Add "0lt" Prefix

Add Password Policy

Changed icon set for Kainos and Chronos Wallet versions

Map Domain to Website URL

Account History UI Layout Change

Changed Layout of My Domains

- Bugs

Fixed PDF Download

Fixed Send to Domain phishing attack

OneExplorer

Create Chain ID for OneLedger Restarts

Added Chain ID to Account History

Altered RPC Commands to query Account History ordered by Chain ID

Updated Explorer to Support Tendermint v 0.33.3

SDK

Updated SDK to handle "0lt" prefix

SDK Load Testing

In the next sprint, we will continue working on Governance, Account History fixes for Domain Management, Infrastructure Operational Scripts and Staking.


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Hey Ledgerians,

Have you downloaded the OneWallet yet?

If not, here is the link to download and store your Mainnet OLT in a secure way: https://chrome.google.com/webstore/detail/onewallet-kainos-mainnet/bbmdccojdbpcpmoadenplnoncfcijgkn

If you are a seller looking to sell a domain or a buyer looking to buy a domain, message in our official Telegram channel, and you might find a great price for your domain through this peer-peer domain service 😄




---------------------------------


Hey Ledgerians,

BitMax has successfully finished the Mainnet OLT integration and is ready for the Token Swap.
Please see the message below from BitMax:

“BitMax.io has completed OneLedger (OLT) mainnet upgrade and token swap. OLT deposit & withdrawal have been resumed with support for both ERC20 OLT and Mainnet OLT deposit. BitMax will only support withdrawal of mainnet OLT tokens.

 
Sorry for any potential inconvenience.
 
BitMax.io Team
May 29th, 2020”


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Hello Ledgerians,

The Developers have completed another sprint. Please check the blog below for the latest update.

Blog: https://www.oneledger.io/blog/development-update-19

Development Update




 

In this sprint, we concentrated on completing all the Protocol Security Audit Bugs and being Feature Complete for the OneWallet 2.0.
The list of changes include:

Protocol and Kainos Network Config
- Core Protocol
Governance Framework for creating a proposal
Fix and retest ETH Redeem
Fix Domain Query for On Sale Domains by Beneficiary
- DevOps
Infrastructure Cleanup
Create Docker Image for Kainos Full Node for GCP
Scripts for Restarting Nodes
OneWallet 2.0
Transfer Screen: Add Account Balances
Account History: Redeem now shows both Ethereum Internal and External Transactions
Completed Transaction was not using the new prefix of "0lt"
Account History should display the Value for Domain Create, Update, Sell and Buy Tx
- Bugs
OneWallet Loading Screen Freezing fix
Account History: Send OLT and Send ETH should be negative
SDK
Multi-node testing
Fix Account History issues for Domain and Redeem Values
OneExplorer
Added ETH Total Balance checks
Add Chain ID to queries for Account History
Integrate Monitoring Tool with Validator and Witness Node Listener
Capture Lists of Validators that vote on a block
- Bugs
Fix Account History Query for Domains Create, Update, Sell and Buy to show the Value
Fix Query for Redeem Transaction to show the correct Value
In the next sprint, for the Protocol we will continue working on Governance, Finish Testing Redeem ETH functionality. On the OneWallet and SDK side, we will complete the Subdomains, Expire and Renew Functionality and add Pagination to Account History. We are also starting to update the OneExplorer to catch up with the Kainos release.
Our #DevelopmentTeam  has recently transitioned to a six-week release cycle in order to test and include more functionalities for every release. And therefore, moving forward, the development update will be issued every six weeks along with the code release.


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Hello Ledgerians,

Our team will perform maintainance on the OneLedger network on June 3, 2020 at 3pm ET. The entire process should take approximately 4 hours.
The transactions will not go through during the maintainance period.
We apologize for any inconvenience this may cause.



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The maintainance on the mainnet is now complete. The transactions will now resume.
Thank you for your patience.


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Hey Ledgerians,

Join us for a Telegram AMA on Thursday, June 11, 2020, at 11am ET.

Get your questions ready❓❓

We hope to see you there 😊


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Participate in the ".ol Domain Contest" now.

1. Edit your Twitter bio according to the contest rules
2. Like, comment & retweet this post after you have followed all the instructions in the blog
3. Your rewards will be sent to your Domain 😄

Contest Instructions: https://www.oneledger.io/blog/ol-domain-contest



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We recently updated the OneWallet. Please update your wallet via Google Chrome Web Store to enjoy it's latest features if it did not already auto-update.

Blog: https://www.oneledger.io/blog/onewallet-update-v2.2

Download OneWallet now: https://No link shortners - please include original link/OneWallet1


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Kratos Launch Plan





 

Hello Ledgerians,

The clock is ticking. Things are moving in the right direction. After launching Kainos successfully in April, it is now time to proceed towards the next phase of our Mainnet update, Kratos. Kratos extends the OneWallet
capabilities to include the much-anticipated features of the OneLedger project, Staking and Governance.

We are aware that the Ledgerians are very excited to get their hands on Staking and Governance and join the OneLedger consensus. Keeping this in mind, we would like to involve our community throughout the development of the Kratos phase. We welcome the community to participate in testing features on the Chronos Testnet network and provide us with feedback, with an overall target of launching the full functionality of the Kratos Mainnet on or before August 31, 2020.

We will work according to the following plan:






Post this release, the Validators can start staking their tokens to receive Block Rewards. OneLedger has reserved 25% (i.e. 250,000,000) of the total supply for Block Rewards. Details about the entire mechanism can be found in the Tokenomics paper.

The Block Rewards will be distributed as follows:





The number of tokens distributed amongst the validators will depend on the number of Validators in the network and the total percentage of Tokens staked by each validator. For interested individuals, we will release the Validator Registration Form soon with further instructions. We will also release a Validator Rewards Calculator in the next update of OneWallet. Users will be able to calculate their earnings through this application.
 
Thank you for all your support. If you have any questions, feel free to reach out to us on our Telegram channels.




-------------------------------------------



OneLedger AMA - Recap






Hello Ledgerians,
 
Let's start with the positive news first. We established a timeline for the next major update of the OneLedger Mainnet, Kratos. Click here to read the details.
The OneLedger team held an AMA on June 11, 2020. This AMA was hosted by David Cao (Founder) and Aly Kassam (Director of Product). It was a very busy AMA, and the community surely did keep the team on it's toes. We had lots of exciting conversations back and forth.
 
We would like to thank everyone who participated in this AMA. There is lots more to come from us as we head into the adoption phase of our products.
 
Lets give you a brief recap of the AMA:

Q) You are releasing a lot of features like the OL pay, DNS on OneWallet etc but the major issue is marketing. If you don't market your products, nobody will know about it hence why the price is tanking. What exactly are the team's marketing plans going forward?
Aly: For marketing, since the COVID has hit us, we have had to make amendments to our plans. We are starting to approach universities and other avenues to bring in more developers. We want to build our product with a strong focus on our community after the Kratos launch. We are also concentrating on Marketing significantly more this year. We're currently speaking with marketing consultants and agencies that will help significantly with our marketing strategy. In the meantime, we are doing a few twitter contests to create Wallet Adoption, and adoption of features like domain management and transferring ETH to our network.
 
Q) Hi, how much runway do you have?
David: The current runway is good enough to launch the product and support for a couple of years.
 
Q) Are you planning to hire more developers? Also are you planning to open offices in different countries?
Aly: Our focus for the latter part of 2020 is on Marketing and BusDev, we are not increasing the number of developers at the moment. Yes, when the opportunity arises we definitely will open in different countries, we are primarily looking in the Asian Markets. In fact, we are engaging with BusDev in Asia and Africa.
 
Q) Will there be an android app release? Many people want to store their investments safe on a smartphone.
Aly: We are currently focusing on Kratos Launch and creating applications on top of the OneLedger Network. Our Chrome Extension is built in Electron, which allows us to be multi-platform, and we will be moving to more of a REACT framework, once  we do that we will be set up for Mobile applications.  So at the moment,  the Mobile Wallet would be a 2021 initiative.
 
Q) There are so many projects in the market with interoperability, scalable and so on. How is OLT able to outperform the other?
Aly: We're not built on top of an Ethereum fork and our platform is built for speed and scale.  We produced 4000+ TPS in our Load Testing, which is 100 to 200x that of Ethereum. Also our Interoperability is at the Protocol Level, which is the lowest level you can have interop at. This allows us to build services that use Interoperability and allows Developers to leverage those services without worrying about how our interoperability works.
 
Q) What are the special  features of OneLedger blockchain? and does it better than the traditional business protocols? How can you assure security to those businesses?
Aly: OneLedger blockchain is primarily a DPoS blockchain. Our TPS is way above other chains. We provide a complete customizable transaction layer, which gives you more control over traditional smart contracts. Above all, we are focussing a lot on usability and innovation. If you see, we already have a Domain Naming Service in our wallet, and we have a lot of plans to make it more business-centered. From the security perspective, our wallet is completely decentralized. We don't store any keys or accounts on blockchain and everything is totally localized to your devices.
 
Q) I know you guys are partnered with Adastra. How is your partnership going so far with Adastra?
Aly: With Adastra we are in several talks with implementations for government projects, but as you can imagine a lot of that slowed down during COVID. We are validating if there is a potential for voting and voter registration systems. We built our governance module with this architecture in mind.
 
Q) Customer  service is an essential part of growing an ecosystem. In a survey conducted online, people said they would use a service if the support was super responsive, how do you rate your SUPPORT when handling issues of users?
Aly: We strongly believe that keeping our customers happy is the most important aspect in order to  succeed as a company. Our CM’s are present in our TG group 24x7 to ensure that our current customers are treated well. In the future, once we have enterprise projects running, we will set up a worldwide customer service team to be available 24x7 and keep our clients happy.
 
Q) First, I want to thank the team and congratulate all for the project and the efforts made until here on this project. I believe a lot in this project.
For me, the best project in this space.
I did my own research about blockchain projects and I found $OLT this year (i’m new to this space, about 10 months). After doing my research, I have no doubt that $OLT is one of the best, if not the best, projects I have found in this space. So, I'm very glad to join this AMA.
My question is:
Which specific about technology and strategy of makes you believe it will be successful and what does plan to do to attract more users in the upcoming time?
David: We are so happy to have people like you researching and supporting us. You guys give a lot of new enthusiasm and fresh energy. From the technology side, we are keeping our eyes open to all the developments happening in the blockchain world. We are making all the efforts to make our chain the best in terms of scalability and usability. Every week, we sit and brainstorm all the new ideas that can increase adoption of OLT. After Kratos, the entire focus will be on developing Applications (We mean the real game changing applications) that can make us truly steps ahead and above other chains in the business.
 
Q) Where can you see OneLedger months from now?
Aly: Our vision has always been the gateway for businesses. The way we see that pan out in the public chain is by creating e-commerce opportunities for businesses on our chain and facilitating them through our interoperability. So consumers can bring different types of supported tokens on to our network and be able to utilize them through eCommerce and charitable donations. We find that 90% of digital currency in exchanges is not being traded and it's being held in hopes of a bull market.  We want to provide other avenues for digital currency usage. On the B2B side, we will always be actively searching for new opportunities to implement blockchain systems, we are still approaching the supply chain use cases now in the Retail and Automotive sectors as they are taking a massive hit during COVID. Product transparency can be a huge differentiator for luxury brand retail, as we have seen LVMH invest in Blockchain tech as of late, and digital currencies also open up the market to the younger generation for these retailers.
 
Q) What unique features does OneLedeger have and others don't? And why should I invest in your project, how is the safety of your ledger?
Aly: We have Domain Management, we're fully interoperable, we are building the capability for OL Pay which starts with charities being able to receive donations through our payments infrastructure and moves into eCommerce. Our scale and speed are unparalleled and we will continue to build more apps on top of our network. We have completed security audits on our network and applications and our wallet is fully decentralized, see the attached video where I explain the wallet decentralization.
 
Q) How many OLT swapped from Ethereum to native OLT token and how many OLT wallets were created? Also when the team will add some features in explorer? I want to see this information in detail like Etherscan.
Aly: About 28% of the Total Token Supply. Etherscan has had about 4-5 years worth of development, we are adding features and functionality to the OneExplorer. But we are concentrating on things that are relevant to our network. We are always open to suggestions on what features are required. If you notice in our Kratos Launch plan, there is a OneExplorer update coming with some additional features.



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Watch this video to learn more about “How to restore your OneWallet”.

OneWallet is completely decentralized and no information is stored on our servers.

Experience the true power of decentralization now.

Video:

Download OneWallet: https://No link shortners - please include original link/OneWallet1


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Hey Ledgerians. Our team is looking for feedback to build our future products.
We would appreciate it if you could fill out the feedback form to the best of your knowledge.

Thank you 🙂

Form: https://No link shortners - please include original link/OLTCommunityFeedback




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Participate to receive $ETH 🎁

1. Register your Subdomain on #OneWallet
2. Like & retweet the post after you have followed all the instructions in the blog
3. Your rewards will be sent to your Domain 🙂

Contest instructions: https://www.oneledger.io/blog/register-subdomain-and-get-eth

Download OneWallet: https://No link shortners - please include original link/OneWallet1


-------------------------------------------


Hey Ledgerians,

It doesn’t happen often that CZ asks for projects to be shilled. Now that he has asked for it, let us join forces to show him the true strength of our community 💪

Comment on his status with $OLT and WHY it should be listed on Binance.

Lets get started 🚀

Tweet: https://twitter.com/cz_binance/status/1277273890830479361?s=21

[sidik7]

a feature that is already pretty good from ONELEDGER with some of the latest updates and the development of the project is getting better this is increasing and gives impact on the value in the future .

[OneLedger]

Our team is expanding!! Are you a Business Development Expert or a 3rd party agency who has the capability to bring on projects?

If so, then we would love to hear from you.

Apply now: https://apply.workable.com/oneledger/j/7C116AF5C6/

*This is a remote hiring.

[OneLedger]

You spoke, we listened. There are many changes taking place behind the scenes and we are reading all the feedback we have received. Feel free to fill out the form:

https://share.hsforms.com/1pkIRrqaZQ1KEy7x4ckS2yQ3dkay

Start expecting positive updates and changes leading up to the Kratos launch #staking $OLT





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We are happy to open our doors to the German community on Telegram. Let's continue our march towards global adoption 🚀

Telegram: https://t.me/OneLedgerGerman




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The design of is all about mitigating the connection issues to allow a safe gateway between the centralized and the decentralized world - Aly Kassam, Director of Product at OneLedger.

Happy Friday 🙂




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https://www.oneledger.io/blog/meet-george-connolly

Meet George Connolly, the OneLedger President.



The OneLedger team has onboarded a new President. Kindly welcome George Connolly.


With over 20 years of Senior Management and Executive experience in Management, Operations, Strategy, Contract Negotiations, Marketing, and Retail, George will spearhead the OneLedger growth in public and enterprise arena. As we move towards the launch of Kratos, our team is focussing on creating a sales channel and establishing business relationships with various organizations worldwide. George will play a key role in establishing these relationships and driving the company vision and expansion.

On his first day working as the OneLedger President, we asked him a few questions to introduce himself to the community.

 

Q) What makes you interested in blockchain?

The integrity it brings to financial transactions will change the corruption cycles across the globe. The speed and decentralization it brings to those transactions will promote faster, less expensive transactions that will result in developing markets closing the gap on already developed markets relative to global financial functionality. The inevitable reduction in fiat currency will bring more transparency, security and equity between global economies. This will all augur well for global business.

 

Q) Why did you join OneLedger?

A few years ago, I was selling software solutions to the financial and security industries. AML/KYC has always been at the forefront of a slow, expensive and centralized system that is still fraught with mistrust. We started looking at PKI and e-Citizen ID's to solve some of the problems. API's to manage the transactions and provide the assurance that was severely needed. Nothing delivered a comprehensive solution until the blockchain immutable ledger system of audit compliance was introduced. Ethereum EVM and Hyperledger's smart contract solution was groundbreaking and showed great promise. It was at that time that it was obvious that blockchain was the future. To date, we are still working on adoption and education, but now is the time for this evolution. The progress OneLedger has made with its unique adapter that makes it an agnostic tool is a game-changer with its relative ease of use (BaaS/PaaS) and acceptance. This is what excites me about OneLedger, and I am thrilled to join this team and embark on a game-changing mission.

 

Q) What are your plans for OneLedger as a company moving forward?

The future I see for OneLedger is one where it will be offering a complete blockchain solution to global markets. From identity management for individuals and companies with national digital wallets covering all AML/KYC protocols to supply chain and integrated financial systems, integrated medical records, cadastre systems, tax and central government modalities - all underpinned by the users choice of cryptocurrency.

 

Ledgerians, do you have more questions for George?

Feel free to ask him during the Telegram AMA on Thursday at 11am ET.




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Join us for a Telegram AMA on Thursday, July 9, 2020, at 11am ET.

Get your questions ready❓❓





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The Telegram AMA begins in less than 12 hours. Top 5 questions will receive 1500 $OLT each.

Get your questions ready❓❓






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Check out this article to learn more about projects working on innovative tech solutions in the blockchain industry 🙂

Blog: https://medium.com/@foleybizz/top-5-altcoins-with-real-use-cases-to-invest-in-2020-d48e576649ee

Retweet: https://twitter.com/OneLedgerTech/status/1281640812628107265?s=20




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https://www.oneledger.io/blog/oneledger-ama-recap




OneLedger AMA Recap


Hello Ledgerians,

 

We recently held an AMA. This was the first time our new appointed President, George Connolly joined us for an AMA along with our Director of Product, Aly Kassam.


This was by far one of the busiest AMA's we have had. The community had long conversations with our two team members and asked a lot of very knowledgable questions regarding the OneLedger project. After the AMA, we asked George and Aly about their AMA experience. In their own words:

George: "This was my first AMA experience and I absolutely loved it. I am very excited to begin my work at OneLedger and interact with the community more often. We have a very huge community and it is important for us to listen to their feedback and lead the company in the right direction. I look forward to many more AMA's in the future."

 

Aly: "Today's AMA was great. I love chatting with our community. We have an outstanding group of people who are so passionate about our project. It's amazing to see them ask us all these questions about what we are building."

 

Looks like our senior team really enjoyed the AMA. We would like to thank everyone who contributed to this AMA and those who support our project.

 

Lets give you a quick recap of the AMA:

 

Q) How do you plan to expand your user base and motivate users?

Aly: We will be making a significant push in sales and marketing under George's leadership. Our Strategy will now target multiple opportunities, both in the B2B and B2C markets.

 

Q) Does OneLedger have any Coin Burn / BuyBack system or any plans for Token Burn for increasing the value of Tokens & attracts Investors towards Stake for investments?

Aly: Yes definitely, coin burns will be happening in multiple ways. We have incorporated it in our Governance Proposals for failed proposals as well as if you refer to our Tokenomics paper. The team has done buybacks in the past and we will definitely do that in the future.

 

Q) Welcome to the family Mr. George Connolly. What is your vision for OneLedger in a year from now?

George: Good morning and thank you for the question. I worked with PwC a few years ago leading a blockchain team in the LAC, digital tokens and distributed ledger tech was our focus for commercial markets. At that time there was about 14% uptake, with another 53% of the enterprise markets only having an interest. This technology is the future, the plan is to create a DL enterprise business model that is supported by our digital tokens OLT platform, and our unique Lynx engine. Building an ecosystem is the only way the industry will get the regulatory and functional compliance to go mainstream.

 

Q) What is the most ambitious goal of the project? I would appreciate it if you could share with us any upcoming updates? What should the community look for?

Aly: Over the last month we have been investigating a very important project that proactively helps with pandemics and future viruses. We have been reaching out to incubators and government entities in Canada and abroad to kick start this project. The project will be an International Health Passport that identifies whether people have taken the necessary tests to travel and work in hospitals and care facilities. We are actively working towards a market solution and with George on board and his connections with Price Waterhouse Coopers (PwC) and other Big 5 consulting firms, we believe we can make a strong push for this solution in the coming months.

 

Q) How do you plan to explain such technical topics to a wider audience? How do you plan to show the world that your product is not just another useless blockchain solution to a non-existing problem?

Aly: I really like this question, because it has been the topic of mine and George's discussions over the last few days. We are approaching the market with 2 solutions, 1. Health Passport, 2. Supply Chain EDI and we are doing it through different mechanisms. Firstly with our own manpower through reviewing current RFPs and secondly we have been recruiting Business Development resources around the world, finally we are approaching the Big 5 consulting companies to help push our blockchain into the market through their ongoing projects and their resources.

 

Q) What do you think is the best approach to show enterprise why is OLT the right choice for them instead of competition?

Aly: OLT has a model where we will provide BaaS and PaaS. There are multiple applications for blockchain but we will ONLY focus on perfecting our applications for three. This will be in areas where we are seeing double-digit Compound Annual Growth Rate (CAGRs) or where the market has significant demand like the Healthcare industry & Manufacturing, Public Sector and Financial Services. We are very strong in all these areas and with excellent and more opportunities than we can satisfy immediately.

 

Q) As I can see George has no experience in crypto, how do you think you can make OneLedger great that it'll compete with the best crypto projects out there when in fact you don't have any experience in this field before?

George: I actually have worked with PwC Advisory services, giving direction to enterprise companies seeking to integrate blockchain into their operations. More than 50% of my work was helping Financial Service Co's understand what the blockchain platform more so than the digital token could do for their business.

 

Q) DeFi is one of the trendy subject matter in the blockchain space. Can you share your opinions and insights on DeFi with us? Do you think that DeFi will disrupt the existing financial system? What is $OLT approach towards the DeFi sector? We would love to see ONELEDGER on DeFi?

Aly: Yes DeFi is definitely a hot topic these days, we have an article that will be coming out in the next couple of weeks regarding this. But essentially we believe that DeFi will definitely be successful, as most of the conversations we have had with Exchanges and based on our own recent survey, 75% to 85% of all crypto investors are just holding their funds and not actively trading, which means that asset-backed loans and interest-based financial products will definitely work in this market. So that's why DeFi is making really hot strides right now. But we also believe that within DeFi there needs to be a universal payment application that allows users to spend their tokens as well.

 

Q) Given that OneLedger's main focus was interoperability, would OneLedger consider building a Dex (like Uniswap etc.) to showcase the OLT tech and generate some passive income? This piece of work can be outsourced without getting distracted from the current roadmap. Also, any plans on staking or have you reached out to any staking pool services?

Aly: Dex is definitely on the cards. OneLedger has the perfect platform to build something like this. We are evaluating the challenges with Dex currently. As far as staking is concerned, we will be releasing staking on Chronos soon for the community to test it. We are also proactively reaching out to staking pool providers. We will keep you updated, once we finalize things.

 

Q) What's the plan on marketing, we've been asking this question for long but no concrete answer, what can we expect from the team regarding marketing going forward?

Aly: There are many changes taking place under the new leadership, and you will definitely see that reflected in the coming weeks. We understand your frustration from the past, but now we have made several changes to positively impact our marketing initiatives. Eg: Just yesterday we had a call with one of the top universities in Canada to introduce a blockchain course built on OneLedger. Things are moving in the right direction, we just ask you to be a bit patient.

 

Q) There are many projects out there aiming to solve interoperability, in which some have failed, how is OneLedger different from them, and what is your success rate?

Aly: We have already solved interoperability and have shown the capabilities from the protocol, through our services layer and into our OneWallet application. The difference is we are true to cross-ledger capabilities, other blockchains interoperate with their own blockchain instances, while we interact with completely different blockchains. The other aspect is as I've explained above, interoperability is built throughout our architecture starting at the protocol level, which means any applications built above it can leverage interoperability as a service of the network. You can parallel this idea to what Android and iOS have done with their Maps Service, if you build an App on iOS and Android you can pull a map into the app just by calling a service, this is the same way app developers on the OneLedger platform can call interoperability through our SDK.

 

Q) What’s the main work of Blockchain technology in Financial services provided by OneLedger? What role Blockchain plays in OneLedger services?

George: A key area of focus for us in the FISERV market is smart contracts. This is a contract between two or more parties that can be programmed electronically and is executed automatically via its underlying blockchain in response to certain events encoded within the contract. Much like an AI-driven Letter of Credit.

 

Q) Many blockchain projects and companies focus on making very complex systems, say they will revolutionize society. Why OneLedger is revolutionary?

Aly: 100% agree with this statement. We spent the last 2 years doing exactly this, working on tech that is revolutionary and we solved interoperability. That's precisely why we are shifting our focus to Marketing and Sales. Our platform is now complete, and our focus will be solely on selling and integrating it into businesses.  At the same time, we are always looking at new opportunities where our blockchain solution fits and we strongly believe that an International Health Passport will revolutionize the way people travel and aid in mitigating future pandemics.


Q) 1. OneLedger bridges blockchain infrastructure with businesses. What plan is OneLedger putting in place to have it's own traditional business to attract enterprises/businesses especially thriving SMEs and startups?
2. Products like ONS, OLPay, Kainos, Kratos and so on, please explain them in a layman language so that Ledgerians can capture details and potential use-cases?

Aly:
1. We already have a business entity set up in Canada and in Barbados. We are currently working on a POC for investment agreements for real estate, which will be a paid engagement. So yes we are already actively looking for and working on SME projects.

2. ONS: is now called Domain Management, which is our first step into identity management, Businesses and individuals are able to create their own Domains on our network.   

OL Pay: This is a solution for payments that leverages interoperability for payments in any currency we support. OL Pay will help kick off eCommerce on the OneLedger platform. 

Kainos: this is our first phase of our Mainnet, which is live right now. 

Kratos: is the second phase our Mainnet, which includes Staking and Governance.


Q) How many OLT did team dump since 2018? Or still, all team members are holding ??

Aly: The team hasn’t dumped any tokens since 2018. In fact, the company has bought back many tokens since that time. We are confident in our project’s capability to succeed long-term.

 

Q) George Connolly, what do you think will be the biggest obstacles for OneLedger and how do you think you can help this project overcome those obstacles??

George: We are perfecting our product mix and aggressively going to market. The challenge is to build out a large enough team to do all things concurrently; deliver on projects, drive business development and support the existing ecosystem - thus the reason we are hiring and currently have Business Development Officers in China and Africa and the Americas.

 

Q) How many enterprises has OneLedger approached and which are the ones coming onboard cuz we can't have a product that no one is using?

Aly: On the Mainnet we have 2 charities currently joining our Mainnet, refer to our OL Pay post. I have already mentioned a paid engagement in an answer above, we are also actively pursuing opportunities currently, where our blockchain solution fits and we strongly believe that an International Health Passport will revolutionize the way people travel and aid in mitigating future pandemics.

 

Q) Global funds are accelerating to flow into China. China's market is the best market at present. What are the team's plans for the future?

George: The global markets driving blockchain right now are US/China/Australia/Japan/Hong Kong/India/UK - our intention is to develop a presence in all these markets, where we can continue to grow our business.

 

Q) Is there any business partner now who is preparing to integrate OneLedger blockchain system in their business? When will you announce them?

Aly: We have a technology partner in Adastra that is actively working to position OneLedger as the underpinning Blockchain for their Blockchain projects. Once we have a system going to production for any of our projects, we will publish a news article.




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🎉 Congratulations 🎉

The winners of the July 9, AMA are:

@krypto111214
@cryptoclar
@yomlad1
@BenilloVi
@jinatocr

Please take a screenshot of your OneWallet OLT address and submit the address to @sparmar9 to claim your rewards 🙂

Thank you to everyone who participated during the AMA 🙂



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https://www.oneledger.io/blog/oneledger-in-defi




OneLedger in DeFi

Overview

As Decentralized Finance (DeFi) has become a hot topic, there have been questions about how OneLedger’s products relate to this newly defined DeFi space.



What is DeFi?

Decentralized Finance is based around financial products that have been created on a blockchain network. Traditional financial instruments like savings accounts, loans, securities and their derivatives and even digital payments can all be attributed to DeFi when completed over a decentralized network.

 

Why is DeFi a hot topic today?

Primarily, due to the interest gained on lending products, with an ROI of up to 8%, DeFi lending surpasses any bond yield, with a similar rate of risk. In a recent survey taken by the OneLedger community, approximately 43% of all token holders are holding, and not trading 75% - 100% of their portfolio, another 46% of the survey takers said they hold 50% to 75% of their portfolio and only 11% actively trade 50% to 75% of their portfolio. If we took a weighted average across these tiers approximately 78% of all tokens are being held and not traded.



According to CMC’s Total Market Capitalization, on July 13 2020, the total digital currency marketcap is $274B+. This would mean approximately $200B worth of digital currency is not being traded and available for alternate DeFi products.



But is DeFi really Decentralized?

At the moment, Blockchain networks, digital currencies, and some wallets are totally decentralized, but applications have not caught up yet. The most popular exchanges are centralized, and yes companies are creating Decentralized Exchanges (DEX's), but they are still not the most prominent exchanges. For lending products, most are based on smart contracts, and the logic for the lending is decentralized, but you will always have to go through a centralized mediary, a company or a foundation, that owns the smart contracts and the application built on top of the smart contract. As we shift into this new era of DeFi, it is important to remember that although the logic is becoming decentralized, corporations will still have to exist to provide users with the applications that run on top.

 

What is OneLedger doing in this space?

For OneLedger, it is important to provide the tools required to generate new applications in DeFi. We have already built a Decentralized Proof of Stake protocol, which has the capability of sustaining itself. Staking in itself is a primary form of DeFi, it provides validators with the ability to lock their tokens and earns them interest on top.

 

Interoperability for DeFi

Interoperability is another tool that we have created. Our Lynx Engine provides developers with a way to extend our interoperability to multiple digital currency pairs. A DEX leverages those pairs to create swapping capabilities and move away from centralized exchanges. We are currently exploring partnerships, which will extend our network in this way.

 

Interoperability also enables our payments service, OL Pay. Based on our analysis, approximately 78% of all tokens are not being traded and are being saved, and we are providing them an avenue to spend digital currencies just like a legal tender. OL Pay has 3 components:

Interoperability to move digital currencies on to our network, which is completed and functional within the OneWallet
A payments widget for customer websites, which is being worked on
Marketplaces that accept digital currencies, which is being worked on
Interoperability for FinTech is another major area where our solution helps current banks adopt Blockchain technology. Currently banks trade lending assets, and have attempted to research blockchain technology to manage these assets, but have failed at cross-bank lending. The blockchain networks are private and will always be private for these institutions, which means they require a way to intercommunicate across these institutions. We came across a use case like this with the National Australia Bank (NAB). NAB was trying to connect assets off their balance sheet with a Singapore based bank and was failing at this very use case.  Interoperability is key in solving this problem, and bringing institutions like NAB into DeFi.

 

Asset Management for DeFi

The OneWallet is a fully decentralized custodial wallet for all your digital assets. Using the HD Wallet capabilities, we ensured that we were providing the community with a tool where the only security needed is their 24 word passphrase. We have really gone the extra mile to ensure all of your assets are persisted only on the Blockchain and can only be leveraged through your 24 word passphrase. This is very important as we start scaling our network. Our next phase of Dapps will be integrated all through the OneWallet. So although the application that you’re dealing with may be centralized, the assets and the custody of the assets will be fully decentralized and controlled by you.



This capability then enables developers to create marketplaces where digital assets are traded but the custody is in the OneWallet, leveraged only through your 24 word passphrase, and the asset only lives on the blockchain. This is the exact implementation we used for our Domain Naming Service, which provides the full capability to Buy and Sell Domains. The same feature set can be used for future digital assets, whether they are loans, securities or any of their derivatives. We have also left this functionality open to other digital assets, such as purchase and investment agreements. 

 

Identity Management and KYC/AML

Identity management has always been a hot topic in blockchain, and we believe it is still a very important topic when it comes to DeFi. The reason is, DeFi still needs to be regulated. 

 

Currently governments charge Capital Gains Taxes on all securities in the form of income tax. The emergence of DEX's and other DeFi products will limit all government ability to charge income tax on capital gains or dividend income. 

 

The way OneLedger has managed decentralized identity may be the key to solving this issue. By managing your identity through Domains, governments are one step closer to being able to tie your activity, gains and losses, back to your income. 

OneLedger’s Domain Management ties an individual’s or a business’s identity on our network. By associating your domain or subdomain to a trading account or by associating it to a charity's donations account we are enabling government audits for those institutions that require it. We are working with exchanges to see if there is a possibility of incorporating Domains instead of addresses into their ecosystems, and DEX's built on the OneLedger platform can always leverage domains as well. As more applications are built on the OneLedger blockchain, we will promote the use of Domains over account addresses.

 

As the network grows, we will optionally introduce verified domains where Know Your Customer (KYC) is done for individuals and businesses. Verified domains will serve as a way for people to trust individuals and businesses on our network and as a tool for Anti-Money Laundering (AML), so that governments can conduct their audits freely. Domains and decentralized Identity won’t solve all the AML issues, but it's a step in the right direction to get DeFi regulated.

 

Final Thoughts

In the future, applications that service DeFi products will somewhat need to be centralized, because businesses will not completely cease to exist and no one developer can build an entire DeFi application. Several people must come together to ensure the working quality of a product, but the underlying assets and network can be decentralized and the custody of those assets can also be completely decentralized. At OneLedger, we are building the decentralized tools that DeFi applications can sit on top of and rely on our network to do the heavy lifting. We will partner and work with developers to build the next generation DeFi applications and provide an area for such marketplaces within our OneWallet, so that the crypto community has full access to these applications.

 

If you would like to learn more about OneLedger and it's applications, visit our website.


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We have just released a translated blog for our Chinese readers.

https://www.oneledger.io/blog/oneledger-%E4%B8%8E%E5%8E%BB%E4%B8%AD%E5%BF%83%E5%8C%96%E9%87%91%E8%9E%8D

OneLedger 与去中心化金融 (Chinese version)


概述
随着去中心化金融 (DeFi) 成为一个热门话题，OneLedger 的产品与这个新定义的 DeFi 领域之间的关系也备受关注。


DeFi 是什么?
DeFi 是在区块链网络上创建的金融产品。传统的金融工具，如储蓄账户、贷款、证券及其衍生品，甚至数字支付，在去中心化网络上部署后，都可以归属于 DeFi。

 

身份管理与实名认证 (KYC)/ 反洗钱 (AML)
身份管理一直是区块链领域的热门话题，我们认为，当涉及到 DeFi 时它仍然是一个非常重要的话题。因为在金融领域，数字身份会成为所有交易的基础验证。

OneLedger 去中心化管理身份可以帮助DeFi的发展往前迈进一大步，域名服务管理您的身份可以帮助合规和提供互信的交易。

OneLedger 的域名管理将个人或企业的身份与我们的网络联系在一起。通过将您的域名或子域名与交易账户相关联，或者将其与慈善机构的捐款账户相关联，我们可以为那些需要的机构提供合规和身份验证服务。我们正在与交易所合作，寻求将域名而不是地址纳入他们的生态系统的可能性，建立在 OneLedger 平台上的 DEX 也可以随时使用域名。随着更多的应用进入 OneLedger 区块链，我们将推广使用域名而不是账户地址。

随着网络的发展，我们将有选择地引入实名域名，对个人和企业进行实名认证。此实名域名将更好地让人们信任我们网络上的个人和企业，并作为反洗钱的工具，帮助企业的合规操作。域名和去中心化的身份认证并不能解决所有的反洗钱问题，但这是朝着让 DeFi 规范化的正确方向迈出的一步。

 

为什么 DeFi 会成为热点?
这一趋势的主要推动力是其相关借贷产品所带来的高额回报，在风险率相近的情况下，DeFi 借贷产品可带来高达 8% 的收益率, 超过任何债券。在 OneLedger 社区最近进行的一项调查中，约有 43% 的通证持有者表示其所持有的 75%-100% 的投资资产没有用于交易，另有 46% 的调查者表示这一百分比为 50%-75%，只有 11% 的人将其所持有的 50%-75% 的投资资产用于了交易。如果我们对这些层级进行加权平均，大约 78% 的通证都仅被持有而没有被交易。

 

DeFi 真的是去中心化的吗?
目前，区块链网络、数字资产和一些数字钱包是完全去中心化的，但应用层面还没有跟上。有些公司正在创建去中心化交易所（DEX），但是最流行的交易所依旧是中心化的。目前的借贷产品大多数都是基于智能合约，其逻辑是去中心化的，但需要通过一个中心化的中介机构，公司或基金会来提供智能合约和创建基于智能合约的应用。当我们迈入 DeFi 这个新时代时，虽然逻辑正在向去中心化发展，但公司仍将存在，并为用户提供终端应用。

 

OneLedger 在这个领域都做了什么?

对于 OneLedger 来说，我们很重视提供创建新 DeFi 应用所需的工具。我们已经建立了一个去中心化的权益证明 (Decentralized Proof of Stake) 协议，它可以维持其自身的运转。权益质押 (Staking) 本身就是 DeFi 的一种主要形式，它为验证者提供了锁仓并赚取利息的选项。

 

DeFi 与数字资产互通性
数字资产互通性是我们产品的另一个特点。我们的 Lynx 引擎为开发人员提供了一种将互通性扩展到多个数字资产对的方法。DEX 可以向这些货币对提供兑换功能，来帮助投资者摆脱中心化交易所。我们目前正在这个方向上探索合作伙伴关系来扩展我们的网络。

互通性也使我们的支付服务 OL Pay 成为可能。根据我们的分析，大约 78% 的通证没有被交易，仅被保存下来。我们提供了一个像消费法定货币一样消费数字资产的渠道。OL Pay 将有 3 个组成部分:

基于我们的数字资产互通性，利用 OneWallet 将目标数字资产转移到我们的网络中;
可植入客户网站的付款小组件;
接受数字资产的电商平台;
 

金融科技的互通性应用是我们的另一个主要领域，在这个方向上我们的解决方案可以帮助当前的银行采用区块链技术。目前银行普遍从事借贷资产的交易，并有部分试图研究利用区块链技术来管理这些资产，但这些尝试无法应用在跨银行借贷方面。区块链网络对于这些机构来说是长期私有的，这就意味着他们需要一种跨机构互通的方式。以澳大利亚国家银行（NAB）为例子，其试图将资产负债表外的资产与一家新加坡银行连接起来，但他们没有成功。互通性是解决这个问题的关键，是将 NAB 这样的机构纳入 DeFi 的渠道。

 

DeFi 与资产管理
OneWallet 是一个完全去中心化的保管钱包，可以保管您所有的数字资产。得益于其核心技术---分层确定性钱包，我们确保这个为社区提供的工具中唯一需要用户参与的安全设置是他们自己选择的 24 词口令。我们付出了相当的努力，以确保您的所有资产只在区块链上保存，并且只能通过您的 24 词口令进行操作。当我们开始扩大我们的网络规模时，这一点非常重要。我们下一阶段的去中心化应用 (Dapp) 将全部整合到 OneWallet 中。所以，虽然您所使用的应用可能是中心化的，但资产和资产的保管将完全是去中心化的，并只由您控制。




 

由此就可以让开发者创建托管在 OneWallet 中的数字资产交易平台，只能通过您的 24 词口令来操作，并且您的资产仅存储在区块链上。这正是我们域名服务的具体实现，它提供了购买和出售域名的功能。同样的功能集合可以用于未来的数字资产，无论是贷款、证券还是其任何衍生品。我们还将这一功能开放给了其他领域，如拟定购买和投资协议。

 

总结与展望
未来，服务于 DeFi 产品的应用在一定程度上是需要中心化的，因为企业不会消失，没有一个开发者可以构建整个 DeFi 应用。团队合作可以保证产品的质量，而底层资产和网络可以是去中心化的，这些资产的保管也可以完全去中心化。在 OneLedger，我们正在构建去中心化的工具，在此之上 DeFi 应用可以依靠我们的网络来完成重任。我们将与开发者合作，共同打造下一代 DeFi 应用，并在我们的 OneWallet 中为这种市场提供一个空间，来让加密货币社区充分使用这些应用。

 

如果您想了解更多关于 OneLedger 及其应用的信息，请访问我们的网站。




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&feature=youtu.be

Check out this video to see some exciting updates that are coming to the OneWallet.


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Download OneWallet now to explore all its unique features. It is available on the Google Chrome Web Store 🙂

https://chrome.google.com/webstore/detail/onewallet-kainos-mainnet/bbmdccojdbpcpmoadenplnoncfcijgkn





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Did you know?

Our Mainnet (Kainos) is available on the Google Cloud Platform.

Download now to test and support the OneLedger network.

https://console.cloud.google.com/marketplace/details/chronos-225820/oneledger-mainnet-kainos-node?q=oneledger%20kainos%20mainnet%20full%20node&id=089656f4-5edb-4c56-8628-9b1839f5b1ba




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Our team will be revealing the roadmap for the Post-Kratos launch on August 19, 2020.
Let's keep building and growing the OneLedger ecosystem 🚀





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Hello Ledgerians,

Here is the development update for Sprint 11, 12 and 13. Do give it a read, to find out what our Developers have been working on. Governance Proposals, Staking, Charity Dapps and lots more exciting stuff covered in this update.


https://www.oneledger.io/blog/development-update-20




Hello Ledgerians,
 
This Development Update consists of Release Notes from Sprint 11, 12 and 13. Please note, all the developments mentioned here are for the Chronos Testnet of the OneLedger blockchain.
During these sprints, we concentrated on completing all the Protocol Security Audit Bugs and being Feature Complete for the OneWallet 2.0.
 
Core Protocol
Governance Proposal Transactions
Validator Voting, Rejecting and Accepting Proposal Logic
Completed Validator Staking:
- The OneLedger Blockchain will assign a fixed number of Validators, the Validators that have staked the most amount will be eligible for Block Rewards. If a Validator is slashed and another node in the Validator list has more OLT staked, then they will automatically start receiving the Block Rewards
- Validator Staking requires a minimum of 3M OLT to be staked, but as stated above, you may have competition
Block Rewards (In Testing)
Block Rewards provides Validators with an incentive over the first 5 years to earn OLT to manage a node
Block Rewards Distribution (out of 25% total OLT supply) is as follows: 7%, 7%, 4%, 4% and 3% over the 5 year period. These rewards will be distributed amongst the Validators (*Conditions apply). For further details, read the Tokenomics paper.
OneWallet 2.3.0

Created new Dapp Framework using REACT under the OneWallet Ecosystem
Created Decentralized Signing infrastructure for Dapp Integrations, similar to Web3JS
Created the OneExplorer as the first OneWallet Dapp
Account History Paging
Cleanup Account History for Domain Transactions so that the values appear
OneExplorer - Domain Transparency

Account History now has Paging
OneExplorer Search bar can now Search for Domains and Subdomains
Update for Domain Management and Subdomains on the OneExplorer
View all Domain and Subdomain Transactions on the OneExplorer







Dapps
Governance Proposal Dapp
- Allows users to Create a Proposal and Vote for a Proposal on the OneLedger Blockchain






Validator Calculator
- As we are on the verge of Validator Staking, we have created a simple Dapp which shows the Revenue that can be earned over the next 5 years as a Validator




Charity Dapps
- Charities have been added to our Ecosystem, and we have created our first Charity Dapp which you can donate to, right from the OneWallet




In the next release, for the Protocol we will continue working on testing Block Rewards, Staking, Penalties and Delegation. For the OneWallet, we will be focussing on bug fixes for the Dapps and possibly rearranging some of the UI. For the OneExplorer, there are a few bug fixes with the Domain functionality we will look at. The majority of the work will go into the New Health Passport initiative the OneLedger team is working on, which includes a Mobile App for end-users and a Web interface for Healthcare and Border Patrol Agents.



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We are in the final stages of development for the much anticipated OneWallet update and the Validator Staking (on Chronos Testnet). We will release both these updates next week along with the necessary documentation for Validator staking.


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As we move closer to our Mainnet upgrade taking place on August 31st, 2020, it is important to understand how the OneLedger Tokenomics works.
Give it a read:

https://www.oneledger.io/hubfs/Website/Tokenomics/Tokenomics.pdf?hsLang=en




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https://twitter.com/OneLedgerTech/status/1288484389396062208?s=20


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https://www.oneledger.io/blog/oneledger-a-game-changer

OneLedger - A Game Changer!!





The blockchain journey started back in 2009 with the creation of the first cryptocurrency, Bitcoin. Since then, blockchain has come a long way and has grown as a solution that top businesses are now looking to integrate. Blockchain doesn't only power the many cryptocurrencies that we have today but, is fast becoming the foundation upon which many exciting applications are being built. There has been a steady shift from the public implementation of blockchains, primarily for cryptocurrencies, towards the private implementation of blockchain for business enterprises, embedded into decentralized applications. OneLedger is a blockchain protocol looking to help businesses take advantage of the decentralized solutions by providing customized business modules for enterprises based on their individual needs. At OneLedger, our primary focus is providing a seamless connection that allows a safe pathway between the centralized and the decentralized world.

 

What makes OneLedger so unique and truly a game-changer in this space?

There are many cryptocurrencies out there, but OneLedger's unique features make it a project that is advancing blockchain mass adoption. Before a new tech can start getting adopted by big tech companies and businesses, they must genuinely provide solutions to problems that are currently being faced. The way OneLedger differentiates itself from its competitors is that we provide a gateway to connect both the existing centralized applications to the decentralized platforms through the OneLedger protocol. A key differentiator is that we are not trying to sit over the other chains, but instead, we are interested in bridging the decentralized ecosystem with the existing centralized enterprise space. Our feature set, which includes programming interfaces, identity management, channels, business modules and master contracts were all designed to allow seamless integration for large enterprises.

Check out some of OneLedger's product features below and see how these products are positioned to solve some of the significant problems the world faces today.

 

Interoperability




Interoperability is an area where OneLedger excels more than other interoperable blockchains. Different chains' ability to communicate with each other has long been a topic of heated discussion in this space, with many projects trying to solve this particular issue with no breakthrough. OneLedger's interoperability is at the protocol level, which gives interoperability capabilities to any application built on top of the OneLedger network. This means that any app built on the OneLedger network doesn't need to know how interoperability works; it just needs to define which supported networks it wishes to operate with. The team is building a Lynx Engine, which can let people switch between different supported blockchains. So, when you build on the OneLedger network, you get Interoperability as a Service, and you do not need a third party to access this, which is unique in this space. Interoperability is also available within the OneWallet, which lets you manage all of your cryptocurrencies supported on the OneLedger network. You can transfer from one chain to another with ease and manage all your funds using a single wallet.

 

Identity Management

Identity management is one of the major problems that businesses and governments are facing today. It is increasingly becoming difficult to keep track of all the identities connected to and acting on a network. There is a need for enterprises to ensure that each entity receives the permission it needs to conduct businesses on its platform. Unauthorized access, duplicate access, limited or no validation of pre-requisites for access provisioning are some of the major issues in identity management these days. Tracking and verifying people's identity is becoming difficult and this is an area where OneLedger's blockchain platform provides a way out. By mapping the business identities to their domains, enterprises can increase trust and transparency with the several organizations they deal with.

Identity Management is a critical piece which is missing from the ever-growing blockchain ecosystem. Governments shy away from this technology due to the lack of transparency. By creating an identity piece, the Governments are further capable of adopting the blockchain technology.

 

Domain Naming Service




When it comes to sending funds between peers, the first thing that comes to mind is, PayPal and Payoneer. The reason is the ease with which funds could be sent on this platform. With just an email address of the receiver, funds could be sent and thus less prone to human errors. For a digital currency, this isn't the case. The receiver's wallet address is needed to send the funds, and this contains some long alphanumeric figures that are difficult to remember. OneLedger makes it extremely easy, even for a novice in the blockchain world to send and receive funds, with the use of easy to remember domain names, which serve as wallet addresses. Our Domain Naming Service also enables people to buy and sell their domains. The same feature set can be used for future digital assets, whether they are loans, securities or any of their derivatives. We have also left this functionality open to other digital assets, such as Purchase and Investment Agreements. 

 

OL Pay

OL Pay, which means OneLedger Payment solution, is another user-friendly feature which is in process of being developed by the OneLedger team. Businesses can leverage OL Pay to accept payments on their website by just installing our widget. With OL Pay, businesses can receive payments in all the currencies supported by OneLedger's interoperable network. This product can also provide complete settlement to fiat for organizations that would like to provide additional payment options and not wish to hold cryptocurrencies. Our OL Pay solution will first be leveraged by charity organizations like "Project Give Back" and "Pathways to Education" who can start accepting donations in digital currencies. They can also convert these currencies into fiat as per their convenience. OL Pay is a payment solution that can be leveraged by any business that wants to extend it's services towards accepting cryptocurrencies in the future. We are also working with a settlement partner, VirgoCX, to ensure conversion to fiat takes place almost immediately.

 

Mass adoption of blockchain technology depends mainly on how useful the solutions it provides are, to businesses and governments, and not just on speculations. OneLedger is providing services and products that traditional companies and the government can leverage to improve their efficiency. There are innumerable possibilities where OneLedger solutions can be applied to such as FinTech, Supply Chain, Payments, Transport and a host of other sectors.

 

Enterprises looking to implement blockchain solutions can contact us through our website. We are happy to help!