OneLedgerPrice

(OLT)

OneLedger is an enterprise-grade blockchain protocol focused on providing interoperability and scalability for businesses and individuals. Its primary goal is to act as a bridge between traditional legacy systems and various decentralized blockchain networks. By functioning as a universal gateway, it allows different public and private ledgers to communicate and interact with one another efficiently. The technical foundation of OneLedger is built on a multi-layered consensus architecture. This design includes layers for business initialization, channel-based interactions, and public chain consensus. This structure supports the creation of customizable sidechains that can be tailored to meet the specific requirements of a business while remaining connected to the main network. The protocol utilizes a modified consensus mechanism often described as Proof of Business or a high-performance Byzantine Fault Tolerant scheme to ensure network security and sharded scalability. Interoperability is a core feature of the project. It enables cross-chain transactions and atomic swaps by leveraging sidechains and hashed time lock contracts. This allows assets and data to move between different ecosystems, such as Ethereum or Bitcoin, without relying on centralized third parties. To support development, the project provides a software development kit and modular tools that allow creators to deploy decentralized applications across multiple chains using a single master contract. The OLT token is the native utility asset of the OneLedger ecosystem. Its primary roles include facilitating transaction fees for all network operations, supporting network security through staking and delegation, and enabling participation in governance decisions. Developers and enterprises also use the token to access marketplace services, deploy custom modules, and establish their own specialized sidechains. OneLedger targets a variety of sectors including supply chain, healthcare, and asset management. It has worked to form relationships with major infrastructure providers like Google Cloud and IBM to foster enterprise adoption. The platform is designed to provide a secure and transparent environment where organizations can digitize assets and streamline their operations using blockchain technology without the complexity typically associated with multi-chain integration. Learn more

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