Hello everyone! Today I wish to share very promising project OneLedger that is going to develop a universal protocol for the interaction of various third-party blockchains (public and private!). This idea is not new and we already know similar startups (Aion, for example), but OneLedger is quite capable of surpassing them all and now I will share with you why.
Firsty, project is going to use rather popular sharding technology for a significant increase in performance and TX speed. Sharding is not a new technology anymore and is being actively developed by such projects as Ethereum and Zilliqa, but no one has implemented it in practice so far.
Secondly, project will support any blockchain with a technology of “hashed time lock contracts” (HTLC), easily integrating them into the OneLedger network. One of the most obvious applications of such support can be swap of tokens between different blockchains without using external exchanges. Each tokens pair create its own sidechain, which will interact with each other without main OneLedger chain. Due to this implementation of distributed network chains, the main chain will not be slowed down and will always show high performance.
In addition, OneLedger platform has numerous functions for commercial and enterprise-grade use. Companies will be able to run their own sidechains and determine the exact role of node operators. Enterprises will be able to use a unified OneLedger framework to develop their own applications and run them in several infrastructure networks of their choice.
By running your own sidechain on the OneLedger platform, you can fully control the roles and access level of users, that can be very useful in certain niches (healthcare, lending, etc.). OneLedger is going to provide additional functionality that will allow creating even your own digital wallets, arbitration, and credit system.
Simply put, OneLedger will perform the role of API between various business areas in the real world and the popular blockchain networks from the world of cryptocurrency. In addition, you can move your business traffic to a high-speed sidechain, easily launch Dapps, or organize a transparent authentication/donation process.
What’s more special about OneLedger:
Connect all wallets in popular blockchain networks to one account. All you need is to create a private master key and sign verification message with your accounts on other blockchains, associating them with OneLedger account.
SDK for developers with cross-platform support of smart contracts. Create one master contract and connect all other contracts for required platforms.
OneLedger business center. Users will be able to draw up a scheme of a working process due to a powerful interface, even with minimal blockchain knowledge. Expandable API will allow the implementation of any business process using a modular system.
Conclusion:
This project was initially focused on business and subsequent monetization, which now is not often among the blockchain platforms. Powerful tools for enterprise-level users, high interest among crypto community and very strong dev team — we may expect widespread use of this platform in 1–2 years and a huge success for early adopters.
Join the community:
Website: https://oneledger.io/
Telegram: https://t.me/oneledger
Medium: https://medium.com/@OneLedger
About the author:
ETH: 0xba575DecAF8fB355dd9e4B561B4C1b7bb02B4D2e