In 2009 bitcoin was created. Anonymous Satoshi Nakamoto created a digital asset that can be used as an alternative store of value to fiat. He created bitcoin but it is just one of the digital currency or assets we have today.
Aside bitcoin, many other digital assets have been created as well. Eg Ethereum, Neo, Dash etc.
He should be applauded for the blockchain as well. He brought to the world,a decentralised technology that contains distributed/uneditable data, that every body that uses the Internet can easily access.
You can acess this data but cannot alter it.
The most exceptional feature of the blockchain is that it is not controlled by any centralized body and therefore it can be used anonymously.
Majority of the digital assets we have today (about 1500) are built on a blockchain. Yet, there are problems these assets still face today. Problems like:
°Wallet ease-of-use(storage).
°Privacy of communication.
°Trading (exchange from one digital asset to another or to fiat).
°Secured transactions.
But OneChain is here with the solution to these problems.
Introducing OneChain
Using blockchain technology, OneChain will develop mobile apps that solves all four problems listed above. A vniversal wallet, lightning transfer speed, decentralised exchange and a P2P decentralised chat platform encapsulated in one mobile application.
As we can see in the image above, its a multi-purpose application.
Core Features of ONECHAIN
The OneChain Application is embedded with 4 key features:
1. OneChain Decentralized Exchange
The most commonly used exchanges we know today are centralized. Meaning that they are controlled by somebody or a group of people. This lone condition makes the exchange prone to hacks, theft, ddos attacks etc and this makes users discard the idea of storing their assets on exchanges for a long period of time.
This has shown that the cryptocurrency market needs a decentralized exchange for trading digital assets because transparency, easy traceability of transactions are guaranteed.
DEXes are on the rise now and this trend will continue. DEXes have been built on Ethereum blockchain, Neo blockchain and the Bitshares blockchain wont be left out.
The OneChain decentralized exchange will be built on the bitshares blockchain and this will be integrated into the mobile application.
The DEX will offer users the following:
Automated deposit and withdrawal as these request wont go through a manual review.
Easy exchange from one digital asset to another.
Support for more stable assets- bitshares currecies like the bitCNY and bitUSD.
Safe, fast and transparent transactions.
2. Decentralized Chat Platform
This will be a blockchain-based communication tool for users. Offering a wide range of security as well as privacy while communicating. The platform will be embedded in the OneChain mobile app which will be free to all and will be enabled with an end-to-end encryption method that protects users reputation ; wonderful chat experience and an trivial UI.
It will have the following core functions:
Secure environment.
Small dense-circle.
Incentives given to quality content creators.
Available to a wild range of people. And will be decentralized regardless of geographical position.
Reputation System.
Option to blacklist people you dont want to see or communicate with.
Simplified UI.
3.OneChain Super Universal Wallet
There are different categories of wallets used to store digital assets. They include **wallet(PC version), web wallet(website), mobile app wallet (android and iOS), off chain wallet(wallets integrated in exchanges). **
Moreso, official wallets of some digital assets tends to synchronise a lot of blockchain data, go through regular updating and upgrading (b3 wallet is a good example, lol) and sometimes require a lot of storage space with most of the data unrelated to a particular user.
OneChain will develop a super universal mobile wallet that is user-friendly and supports popular digital assets. It will be secured using a peculiar private key that will be given to each user upon request.
4. Lightening Transfer
In order to improve the ability to pay for digital currencies, various lightning transfer schemes have been proposed but are not yet mature.An example is bitcoin's lightening network that is still under development.
OneChain is based on a high - performance graphene technology. This will be the gas that fuels the transactions. Transactions will be done and dusted in a time interval of 5 seconds.
Roadmap
The project is a big one and as such will require time and focus. The team developed a well planned roadmap for each step of the project.
Token Specifications
The ONE token will be built on the Ethereum blockchain. And it will be the official token of the OneChain project.
ICO Details
Token symbol: ONE
Total Supply: 10 billion ONE
ICO supply (private & public): 200 million tokens
Soft cap: 50 million tokens
Price/Conversion rate: 1 ETH = 5,100 ONE; 1 BTC = 80,000 ONE; 1 EOS = 80 ONE
Projected crowd sale date: April 16th to May 26th.
Conclusion
The project and its concept is an exceptional one. The mobile application will be packed with 3 different platforms: ONE chat, ONE DEX, and ONE Wallet. Transactions done on either of the platforms will be done at lightning speed. The application will be available for both Android and iOS users. It will be free from regulations and can be used any where in the world, provided there is an Internet connection.
This is a promising project and a worthy investment if you ask me. I am buying into OneChain. So if you are looking for an all-in-one application for your digital assets, then look no further, OneChain is for you.
More information about the OneChain project at:
Website: https://onechain.one
Whitepaper here
Also here is the link to the Beta DApp
BITCOINTALK USERNAME: SamarasLoch