OpenST is a public blockchain platform serving enterprises with millions of users. OpenST improves our blockchain toolkit with new features and practical solutions. OST is the cryptocurrency of the OpenST platform, which can be used to create and issue tokens in the OpenST protocol, and can also be used to pay for OST solutions.

Project Introduction

OpenST Mosaic is an overlay consensus engine that improves Ethereum's transaction throughput by utilizing proof-of-work to secure a large number of utility blockchains. OpenST Mosaic introduces a second level of consensus rules for open validators, providing economic finality for transactions executed on the OpenST utility chain and representing value that remains securely placed on Ethereum.
Since OpenST Mosaic asynchronously couples value chains to utility chains, the number of utility chains that Ethereum can support simultaneously is not tight. OpenST Mosaic further expands Ethereum's ability to grow as a blockchain overlay network. The OpenST utility chain also extends the established ETH gas market to cover transaction costs, but the utility chain can operate at a lower cost because OpenST Mosaic validators can be deployed in a collaborative environment protected by Ethereum's adversarial proof-of-work .

Project Vision

OST provides a solution and tool to help companies, communities, and individuals create their own branded tokens and create their own digital currency economy. Just like we use wordpress to create a website, it provides a framework and template, as well as a visual interface and simple operation process, without writing any code, and non-programmers and developers can quickly get started.

Project Highlights

simple token can help any company (from a well-known global brand to a new application maker) to issue "brand tokens (branded tokens)", so that enterprises can be transformed into dynamic economic ecosystems. Using this protocol can make the creation, sale, distribution and maintenance of tokens easier, and companies can focus on running their companies without worrying about blockchain technology. simple token supports customized needs and creates brand tokens tailored for enterprises.

Technical Overview

Building bridges
Since blockchain technology is still so new and exciting, it is also considered difficult and expensive for the everyday developer or company. However, the possibility of blockchain technology application is very wide and applicable to most industries.
In the blockchain space, there is this gap where people in the blockchain space are either competing or competing with ICOs trying to fund their startups. However, Simple Token believes they can even avoid this competitive market. Simple Token hopes they will become a tool to help mainstream applications develop and deploy their own branded cryptocurrency economy. The advantage, they say, is that these applications can leverage blockchain businesses without having to build and maintain their own publicly traded cryptocurrencies.

The Difficulties of Running an ICO
While ICOs are popular, they are not as simple as people make them out to be. Many countries are imposing strict restrictions on ICO products, and most ICOs are purely for raising funds rather than for specific product uses. There are indications that 90% of ICOs and altcoins will fail, and on top of that, they will affect the core business operations.

Keep open source
The OpenST protocol, which is the basis of Simple Token, is open source and is now used by developers, and the first point-to-point integration has been completed. Although the application of blockchain technology has reached new heights with the popularity of digital currencies such as Bitcoin, it is still a relatively small market.
Simple Token is the view that not all businesses that can use it are using it due to the difficulty of moving business solutions onto the blockchain. Therefore, Simple Token hopes to be a solution to bring mainstream applications into the blockchain so that they can keep up with the trend of technological changes.

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