Hey everyone - just a reminder: The number of entries/stakes earned in the bounty contest does not correspond with the number of tokens that each participant will earn. Instead, at the end of the bounty contest (when the public ICO has concluded) the dedicated pool of tokens will be divided proportionally between all valid participants based on the number of entries/stakes earned.

OPEN Platform enables users and developers of mainstream apps to use and accept cryptocurrency while avoiding restrictions imposed by current payment infrastrucftures. The platform provides a technology stack that addresses the problems developers face for in-app purchases. These problems include centralized merchant entities that charge fees for their service and long wait periods to access the funds.

The OPEN platform solution solves these problems by utilizing the blockchain and bridging the gap between users, the developer and the application database. This is done through Scaffolds, an intelligent solution for storing data on the blockchain. There is no need to flood the ecosystem with a multitiude of tokens for various in-app items as this would lead to unnecessary complexity.Now there is truly a way for decentralized payment in addition to accepting cryptocurrency in mainstream applications.

By providing open source tools and a utility token for this technology stack, we encourage adoption and invovlement in the OPEN ecosystem. Other benefits of the OPEN platform include being easy to implement with very little re-work of existing applications and redistribution of gains after staking a token to token holders.

Please read more about all of OPEN platform's features in the whitepaper!

OPEN Platform enables users and developers of mainstream apps to use and accept cryptocurrency while avoiding restrictions imposed by current payment infrastrucftures. The platform provides a technology stack that addresses the problems developers face for in-app purchases. These problems include centralized merchant entities that charge fees for their service and long wait periods to access the funds.

The OPEN platform solution solves these problems by utilizing the blockchain and bridging the gap between users, the developer and the application database. This is done through Scaffolds, an intelligent solution for storing data on the blockchain. There is no need to flood the ecosystem with a multitiude of tokens for various in-app items as this would lead to unnecessary complexity.Now there is truly a way for decentralized payment in addition to accepting cryptocurrency in mainstream applications.

By providing open source tools and a utility token for this technology stack, we encourage adoption and invovlement in the OPEN ecosystem. Other benefits of the OPEN platform include being easy to implement with very little re-work of existing applications and redistribution of gains after staking a token to token holders.

Please read more about all of OPEN platform's features in the whitepaper!

The current payment structure for in-app purchases relies on accepting payment through various centralized systems that finally result in the application’s protected database being updated. What if there was a way to bypass all of those centralized entities, immediately accept and process payment in a multitude of currencies including crypto, and update the application database accordingly?

 This is what OPEN Platform accomplishes by bringing a decentralized solution to the developer. By connecting the developer’s centralized database to the blockchain, they can avoid the centralized payment structure that causes delay and fees, but also without completely altering their existing backend.

 OPEN’s solution is easily implemented and modular, taking the best parts of a decentralized approach and leaving the strength of existing centralized databases for developers. This is accomplished by the OPEN platform stacked solution: API, Scaffolds, OPENWallet, OPEN Node and more. Read about it in our whitepaper!

The current payment structure for in-app purchases relies on accepting payment through various centralized systems that finally result in the application’s protected database being updated. What if there was a way to bypass all of those centralized entities, immediately accept and process payment in a multitude of currencies including crypto, and update the application database accordingly?

 This is what OPEN Platform accomplishes by bringing a decentralized solution to the developer. By connecting the developer’s centralized database to the blockchain, they can avoid the centralized payment structure that causes delay and fees, but also without completely altering their existing backend.

 OPEN’s solution is easily implemented and modular, taking the best parts of a decentralized approach and leaving the strength of existing centralized databases for developers. This is accomplished by the OPEN platform stacked solution: API, Scaffolds, OPENWallet, OPEN Node and more. Read about it in our whitepaper!

On any decentralized network there are specific operations that do not go well with them. These do not fit with the way that trustless networks work. For a trustless network to be sure that information or a transaction is real, it must validate that transaction with other nodes. This means that each transaction on a trustless network is many times more expensive than one that is off-chain.

The general rule of thumb for decentralized networks like blockchain is that:
- Computations are much more expensive
- Storage is much more expensive

In the future, even as decentralized technology expands its grasp it is necessary to look at the blockchain for what it is great at: getting trustless networks to come to a consensus. On-chain aspects can provide security, but that does not mean that every operation should be broadcast to and be done on the blockchain.

That is why the OPEN Platform is so essential. We provide a seamless path for merging the on-chain and off-chain aspects of software applications while leveraging the strengths of each.

Want more information? Check out our white paper!

On any decentralized network there are specific operations that do not go well with them. These do not fit with the way that trustless networks work. For a trustless network to be sure that information or a transaction is real, it must validate that transaction with other nodes. This means that each transaction on a trustless network is many times more expensive than one that is off-chain.

The general rule of thumb for decentralized networks like blockchain is that:
- Computations are much more expensive
- Storage is much more expensive

In the future, even as decentralized technology expands its grasp it is necessary to look at the blockchain for what it is great at: getting trustless networks to come to a consensus. On-chain aspects can provide security, but that does not mean that every operation should be broadcast to and be done on the blockchain.

That is why the OPEN Platform is so essential. We provide a seamless path for merging the on-chain and off-chain aspects of software applications while leveraging the strengths of each.

Want more information? Check out our white paper!

Today we'd like to discuss the OPEN Token economics a bit. OPEN Token gains the network effect of Bitcoin and Ethereum as it is utilized to enable all applications to accept all cryptocurrencies as infrastructure on the OPEN Platform.

A 20% Developer Pool is Maintained Daily
- For incentivizing developer on-boarding
- Staking and network user distribution mechanism for security 3% of all cryptocurrencies application payments are converted to OPEN daily
- Converted to Open via a public cryptocurrency exchange to maintain developer growth pool
 - Covers self sustaining ecosystem growth costs 20% Maintained to incentivize developers' new applications

Can you see how powerful this architecture is?

Today we'd like to discuss the OPEN Token economics a bit. OPEN Token gains the network effect of Bitcoin and Ethereum as it is utilized to enable all applications to accept all cryptocurrencies as infrastructure on the OPEN Platform.

A 20% Developer Pool is Maintained Daily
- For incentivizing developer on-boarding
- Staking and network user distribution mechanism for security 3% of all cryptocurrencies application payments are converted to OPEN daily
- Converted to Open via a public cryptocurrency exchange to maintain developer growth pool
 - Covers self sustaining ecosystem growth costs 20% Maintained to incentivize developers' new applications

Can you see how powerful this architecture is?

One of the unique aspects of our solution for developers to accept cryptocurrency for their in-app purchases is the Scaffold. The Scaffold is a smart contract that bridges the gap between the developer’s database and the end user. They can be created through our API and customized to suit the developer's needs.

Each Scaffold is created for a specific type of in-app purchase. When payment is sent from the user to the Scaffold, the Scaffold automatically transfers payment to the developer and returns to the User an OPEN State that acts as the purchase receipt.

For example, a Scaffold can be customized to issue subscriber status for a customer. The Scaffold will ultimately accept cryptocurrency from the user, provide the user with a subscriber state, and immediately send payment to the developer. No more lag time for developers to accept payment!

The scaffold is very modular and can be implemented with minimal modifications to their application. The OPEN API makes this a seamless and simple operation. Find in depth details and use cases regarding the Scaffold system in our whitepaper!

One of the unique aspects of our solution for developers to accept cryptocurrency for their in-app purchases is the Scaffold. The Scaffold is a smart contract that bridges the gap between the developer’s database and the end user. They can be created through our API and customized to suit the developer's needs.

Each Scaffold is created for a specific type of in-app purchase. When payment is sent from the user to the Scaffold, the Scaffold automatically transfers payment to the developer and returns to the User an OPEN State that acts as the purchase receipt.

For example, a Scaffold can be customized to issue subscriber status for a customer. The Scaffold will ultimately accept cryptocurrency from the user, provide the user with a subscriber state, and immediately send payment to the developer. No more lag time for developers to accept payment!

The scaffold is very modular and can be implemented with minimal modifications to their application. The OPEN API makes this a seamless and simple operation. Find in depth details and use cases regarding the Scaffold system in our whitepaper!

It's been a while since we gave you guys the chance of earning more stakes, so here's a good opportunity to increase your amount of entries in the contest!

What you have to do:

Create and publish an original piece of content that mentions Open Platform! You can write a blog post, publish an article, record a video, do a podcast... We love them all.


Requirements to earn bounty stakes:

1. Must be original content
2. Written content must be at least 450 words
3. Audio and video content must be at least 2 minutes
4. Must discuss Open Platform in a positive light
5. Must include a link back to our website using this url: http://go.openmoney.digital/3lm0
6. You must submit the URL to your published content as an answer to the custom action on our bounty contest - **you'll get 500 stakes!**. Sign up here if you haven't already http://go.openmoney.digital/bountycontest


REMEMBER! Trying to cheat your way to earning 500 entries **will get you disqualified**. We thoroughly revise every submission and we demand that you participate respecting our terms and conditions.

It's been a while since we gave you guys the chance of earning more stakes, so here's a good opportunity to increase your amount of entries in the contest!

What you have to do:

Create and publish an original piece of content that mentions Open Platform! You can write a blog post, publish an article, record a video, do a podcast... We love them all.


Requirements to earn bounty stakes:

1. Must be original content
2. Written content must be at least 450 words
3. Audio and video content must be at least 2 minutes
4. Must discuss Open Platform in a positive light
5. Must include a link back to our website using this url: http://go.openmoney.digital/3lm0
6. You must submit the URL to your published content as an answer to the custom action on our bounty contest - **you'll get 500 stakes!**. Sign up here if you haven't already http://go.openmoney.digital/bountycontest


REMEMBER! Trying to cheat your way to earning 500 entries **will get you disqualified**. We thoroughly revise every submission and we demand that you participate respecting our terms and conditions.

Just a reminder about our awesome bounty contest: The number of entries/stakes earned in the bounty contest does not correspond with the number of tokens that each participant will earn. Instead, at the end of the bounty contest (when the public ICO has concluded) the dedicated pool of tokens will be divided proportionally between all participants based on the number of entries/stakes earned. The more entries you accumulate the more tokens you'll receive!

Just a reminder about our awesome bounty contest: The number of entries/stakes earned in the bounty contest does not correspond with the number of tokens that each participant will earn. Instead, at the end of the bounty contest (when the public ICO has concluded) the dedicated pool of tokens will be divided proportionally between all participants based on the number of entries/stakes earned. The more entries you accumulate the more tokens you'll receive!

Developers who wish to develop applications (games or others) utilizing the blockchain should rely on a mix of on-chain and off-chain application architecture with respect to their application stack, especially until the Ethereum network has resovled its scaling issues.

 Off-Chain - Utilizing a traditional database or application layer for an application's heavy lifting. There is nothing wrong with utilizing a database for what it's meant to do, and helps to keep only components of an application that can truly benefit from being decentralized on-chain.

On-Chain - Relying on what blockchains are good at now, on-chain components of an application could very well just focus on payments, ownership of digital assets, game assets bought with cryptocurrency, and authorization/verification that you indeed bought x item to interact with smart contracts that are part of application.

Game settings, design algorithms (i.e the GeneScience or KittyAccessControl code in CryptoKitties), admin aspects, pricing models, should be done off-chain if utilizing something like OPEN.

Want more info? Check out our white paper!

Developers who wish to develop applications (games or others) utilizing the blockchain should rely on a mix of on-chain and off-chain application architecture with respect to their application stack, especially until the Ethereum network has resovled its scaling issues.

 Off-Chain - Utilizing a traditional database or application layer for an application's heavy lifting. There is nothing wrong with utilizing a database for what it's meant to do, and helps to keep only components of an application that can truly benefit from being decentralized on-chain.

On-Chain - Relying on what blockchains are good at now, on-chain components of an application could very well just focus on payments, ownership of digital assets, game assets bought with cryptocurrency, and authorization/verification that you indeed bought x item to interact with smart contracts that are part of application.

Game settings, design algorithms (i.e the GeneScience or KittyAccessControl code in CryptoKitties), admin aspects, pricing models, should be done off-chain if utilizing something like OPEN.

Want more info? Check out our white paper!

One of our most important architecture ideas is that not every aspect of every app needs to be decentralized. There are still advantages to centralized systems. There are clear benefits when applied correctly to solve a problem and not all situations call for a blockchain solution. In OPEN Platform’s case, the problem we address is the in-app purchasing system: how payments are received and ultimately affect an application’s centralized platform. The application database is complex and protected, necessary for the developer. Attempting to apply a blockchain for the database would not be practical; loss of efficiency and re-work by the developer.

The centralized systems that are replaced by our blockchain solution are all the payment channels needed today: user’s bank, merchant bank, payment provider, etc. Our Scaffold smart contracts allow payment to be direct between User and Developer. The Scaffold also acts as a link between the User and the Application Database. Payment for the specific purchase can be confirmed and affect the Database, completing the transaction.

The advantage for this solution is clear, avoiding the fees imposed by those centralized payment entities, accepting cryptocurrency, and instant access to the transaction funds. Selectively applying blockchain technology can provide great benefits for a system, leaving the centralized and decentralized portions to do what they do best. For a more comprehensive description of the OPEN Platform solution, please have a look at our whitepaper!

One of our most important architecture ideas is that not every aspect of every app needs to be decentralized. There are still advantages to centralized systems. There are clear benefits when applied correctly to solve a problem and not all situations call for a blockchain solution. In OPEN Platform’s case, the problem we address is the in-app purchasing system: how payments are received and ultimately affect an application’s centralized platform. The application database is complex and protected, necessary for the developer. Attempting to apply a blockchain for the database would not be practical; loss of efficiency and re-work by the developer.

The centralized systems that are replaced by our blockchain solution are all the payment channels needed today: user’s bank, merchant bank, payment provider, etc. Our Scaffold smart contracts allow payment to be direct between User and Developer. The Scaffold also acts as a link between the User and the Application Database. Payment for the specific purchase can be confirmed and affect the Database, completing the transaction.

The advantage for this solution is clear, avoiding the fees imposed by those centralized payment entities, accepting cryptocurrency, and instant access to the transaction funds. Selectively applying blockchain technology can provide great benefits for a system, leaving the centralized and decentralized portions to do what they do best. For a more comprehensive description of the OPEN Platform solution, please have a look at our whitepaper!

One of the unique aspects of our solution for developers to accept cryptocurrency for their in-app purchases is the Scaffold. The Scaffold is a smart contract that bridges the gap between the developer’s database and the user. They can be created through our API and customized to suit the developer who doesn't need to know or learn a blockchain specific programming language like Solidity.

Each Scaffold is created for a specific in-app product or subscription. When payment is sent from the user to the Scaffold, the Scaffold automatically transfers payment to the developer and returns to the User a State that represents the purchase.

For example, a Scaffold can be customized to issue subscriber status for a customer. The Scaffold will ultimately accept cryptocurrency from the user, provide the user with a subscriber state, and immediately send payment to the developer. No more lag time for developers to accept payment!

The OPEN scaffold is very modular and can be implemented with minimal modifications to their application. The OPEN API makes this a seamless and simple operation. Find in depth details and use cases regarding the Scaffold system in our whitepaper!