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Welcome to Onet Coin
ONET coin is here to bring a revolution in the online shopping market by introducing the blockchain to the world of shopping and transacting

Introduction:
The ONET coin the most evolutionary crytocurrency to be introduced in the online shopping market. This is because of its capacity to understand specific markets. The belief that ONET coin works on is providing its customers a stable platform to function on. We at ONET have made positive moves in creating technology that is innovative difference in the way the multiple market function. Not just making it a leading cryptocurrency but also an agent in balancing the fluctuations in the markets.

ONET coin was introduce in the year 2017 with a single aim in mind, to be a cryptocurrency that brings a positive change to economics and remove the misconceptions towards cryptocurrency. With this vision in mind ONET coin has been making revolutionary changes to the block chain.

Technology:
What makes ONET coin different is that it has come to the market with a stable cryptocurrency. We at ONET make innovations and breakthroughs in the present technology to create a brighter future for our customers.

There are many technological advancements that we have made to give it the compatibility over its competitors. ONET coin believes in creating a secure and stable market by, embedding its technology to the present system and upgrade it.

Proof of work:
Proof of work is data that is difficult to produce, which satisfies certain requirements after verification. ONET incorporates the Hash algorithms for this particular process.

Proper application of this idea is ONET. This is a way for preventing spam. Proof of work are used in ONET to create a block. In order for that block to be accepted by network. Miners do the proof of work which validates the data in the block. The difficulty is adjusted to the rate of new blocks that are created by the network. Each block notifies that the work has been done creating a block. Each block contains the hash of the preceding block, thus each block has a chain of blocks that together contain a large amount of work. Changing a block requires regenerating all successors and redoing the work they contain. This protects the block chain from tampering proof.

Proof of Stake:
Proof of Stake is an agreement algorithms for public ledger blockchains that depend on a validator's stake in the network. Advantages of Proof of Stake include security, reduced risk of centralization, and energy efficiency. In general, a proof of stake algorithm works like this. The blockchain keeps track of a set of validators, and anyone who holds the stakes of the blockchain's cryptocurrency can become a validator by a type of transaction that validates their currency. The process of creating and agreeing to new blocks is then done through a consensus algorithm that all current validators can participate in. There are different kinds of algorithms, and many rewards to validators. From an algorithmic perspective, the major type of proof of stake is the chain-based proof of stake.

In proof of stake, the algorithm randomly selects a validator during a time slot, and assigns that validator to create a block, and this block must point to some previous block over time most blocks converge into a single big block constantly growing chain.

Stake holders assigned the right to blocks, validators permanently agree on whether the given block is part of the chain. Blocks may be chained together; the difference is the agreement on a block can come within one block, and is not dependent on the length or size of the chain after it.

Hybrid technology:
We need understand that anyone can create a block; while we only want a unique chain, so we want a way to decide which block we should trust. Proof of work has the nice property that you can use. Users can simply pick the longest valid chain with the highest amount of work and the correct chain. The miners have to break the Hash algorithm to gain rewards by solving the blocks that have been created in the block chain.

Proof of Stake isn't about mining, it's about validating. In effect blocks still need to be created by someone, and who gets to create the next block depends on the specific Proof of Stake algorithm, but the selection process must have some kind of randomness, or at least distribute voting shares properly (otherwise we revert to a centralized system).

Hybrid incorporation and benefits:
ONET coin is one coin that has incorporated the hybrid technology, this technology allows the ONET coin to work on both the principles of Proof of stake and proof of work in turn Helping the traders, customers and miners. Making ONET coin a stable entity. Further their powerful blockchain runs the most complex transactions. Giving them a transparent, secure and stable structure and reducing fluctuation. ONET coin will make the transfer easier and help miners and traders to earn rewards by solving the blocks.

Fluctuation control:
Fluctuation is a measure of distribution of returns for a given security or market. Fluctuation can either be measured by using the divergence or variance between returns from that same security or market, commonly, the higher the volatility, the riskier the security. High Fluctuation is a disadvantages for cryptocurrencies.lt hinders the growth of your asset from the point of view of storage and exchange on the global market. Traders get profits from major exchange margins, yet the risks pertaining to fluctuations in the market scares and hurts everyone. ONET coin manages this by its systems and structure. The technology that ONET coin has incorporated to handle this problem is unique to just ONET. We have created a threshold that automatically studies the market and provides a cap to where the coin will not dip or rise exponentially. We all know that the markets have a tendency to rise and dip But with the ONET coin that will not be the case. When you deal with ONET coin you will not see sudden drop in the block price of the cause the threshold will not allow the coin to dip under the cap keeping the ONET coin stable and secure from sudden fluctuations.

Why choose ONET coin:
Trustworthy Exchange:
The users update the blockchain themselves making it a transparent mode of transfer which eliminates the risk of fraud and theft.

User empowerment:
The user using the ONET coin has the information and control over all the transactions made making the user more involved in the process.

Accessibility:
The decentralized nature of the blockchain makes your money secure, as no federal agency or government can freeze or shut your account making it accessible anywhere and at any time.

Transparent:
The blockchain are updated by the users which on a public ledger creating a transparent structure. Any transaction that has been entered in the blockchain cannot be altered.

Powerful Blockchain system:
The blockchain is a digital public ledger for keeping track of the transactions made through cryptocurrency. Cryptocurrency is a decentralized body and has no regulations to control the
transaction. The blockchian is encrypted for security and transparency. These ledgers are updated by miners. A blockchain keeps the data information in different blocks in the blockchain and miners have to find the code of the blocks to crack them and tokens as rewards. ONET does not have a central regulatory authority and hence does not have any body to dictate when to create more currency. Miners can gain rewards from mining for the coins. But mining is not an easy process that is why the blocks are consolidated into shares which a miner can crack depending on the server setting. Each block has a different difficulty and once you crack a block the difficulty keeps increasing. Each share has a different block once cracked fewer total shares are required to find a complete block. This can simply be compared to actual bonds, where the more you accumulate the more chances of breaking a block. The other method is to request work from the server directly by the miners. Once requested the server side coin daemon will verify the block and check is the solution apt then is has the potential to become a block solution to be rewarded.

Stability:
ONET coin is the most stable cryptocurrency. This is because of the unique features incorporated in it like the Fluctuation control system, an evolving hash algorithm, strong blockchain and a
hybrid coin. Apart from all this the ONET has designated thresholds that will not let the price of the coin drop drastically. ONET believes in bringing stability to the market by providing a
stable blockchain platform to an unpredictable market. With the blockchain we can decentralize the structure handing the control to the Customers. The technology developed by the
ONET coin is stable that will make a considerable difference in the markets which will be noticed and appreciated globally. This is not the base argument in question. We will provide a global
platform to our customers that will bring a change in the present market. Making the ONET coin blockchain a standardized way to make transaction. The major vision we have is to transform the market to use the blockchain technology for a better work structure and provide transparency in the system.

Where to use ONET coins?:
Onet coins at first will be majorly introduced to online shopping market, where it will cement the incorporation of the cryptocurrency in a multi billion dollar market. The online shopping market is on aboom in the present state and tapping that potential with the incorporation of ONET coins to make transactions will provide a proper transparent structure to it. ONET wallet will be a one stop solution for your online transactions. These transactions will be protected by a private and public key without which no transaction can be made. The Block chain will keep your transactions transparent without charging the hidden fee that we have to pay banks.

Merchant Acceptance:
Merchant acceptance is the term used for merchants who accept credit cards as a form of payments from their customers in their store. In addition to accepting cash, check, and ACH payments, merchant acceptance, also known as credit card acceptance is a common form for over 9 million merchants in the United States today. ONET coin offers this in the form that creates a value and understanding for cryptocurrencies. ONET coin will collaborate with different exchanges and gain its acceptability around the globe for being used as a alternate currency. This will be accepted around the world not just by customers but also by merchants also for exchanges and traders as one.

International trading:
International trade is the exchange of capital, goods, and services acrossinternational borders or territories. It is the exchange of goods and services among nations of the world.ln
most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has existed throughout history (for example Uttarapatha, Silk Road,
Amber Road, scramble for Africa, Atlantic slave trade, salt roads), its economic, social, and political importance has been on the rise in recent centuries. International trade allows us to
expand our markets for both goods and services that otherwise may not have been available. ONET coins merchant acceptance will be a stepping stone for cryptocurrencies to be accepted as a mode of international trading. Worldwide trade will be conducted with ONET coin as it will be regulated as per the international trading norms and terms.

Remittance:
Remittance is the fund sent to countries of their origin via wire transfer or online transfer. These peer to peer transfer like a social network to transact funds globally. The significance of
remittance is economically significant for many countries that receive them. We coin creates a safe and transparent environment for these types of major transfers which have the
capability to affect financial markets.

Onet Coin Specification:
Total Supply: 200 Million
Pre mine: 40 Million
Technology: Hybrid
Block time: 2 minutes
Rewards: 4 coins
First 6 months: 10% POS per month
Next 6 months: 8% POS per month
Next 6 months: 6% POS per month
Next 6 months: 4% POS per month
Next 6 months: 2% POS per month
Next 6 months: 1% POS per month

Website:
https://onetcoin.com/

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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: onetcoin on February 22, 2018, 12:44:01 PM