.

[savantsam]

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.

Thanks for the heads up! I will continue to participate in the bounty contest!

[ellerby123]

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.

Thank you for the reminder!

[CryptoBry]

Hello! OPEN is developing a novel decentralized application payment gateway that integrates seamlessly with existing application backends. Please check out our white paper for more details: https://s3.amazonaws.com/openmoney/OPEN_TECH_WP_V2.pdf

Once the OPEN platform will be available to the public, I am expecting it to be truly functional and has already ironed out many winkles and kinks. I am banking on the expertise of the OpenMoney team. I am now excited of the many possibilities of this project and will definitely also be buying my share of the tokens when ICO will open in January (I assumed).

[OpenMoneyBTT]

Recently, we have seen a single game, CryptoKitties, take up 15% of the network capacity for Ethereum. This is a perfect example of the primary issues that are faced when preparing the blockchain for the mass market. To fully realize its potential, the the platform needs to have faster transaction flow while maintaining its decentralized state.

Right now, the volume of transactions that can be processed on the blockchain at any given point of time is slow, whereas Visa can process around 50,000 transactions per second, Bitcoin can only take about 3 per second, and Ethereum can take about 15 per second.

 When we consider that Visa accounts for 150 million transactions per day on its own, the need for change is clear. There is no clear winner for scalability on the blockchain, but from the scope of the applications the basic goal is to increase the volume of the throughput by “sharding the chains” and then connecting them with some larger chains.

OPEN is committed to providing software developers the tools they need to overcome scalability issues that may effect their applications. By leveraging the benefits of both on-chain and off-chain databases, we allow them to continue to utilize their traditional database technology while porting to the blockchain only the functionalities that make sense to do so.

For more information, check out our white paper.

[savantsam]

Recently, we have seen a single game, CryptoKitties, take up 15% of the network capacity for Ethereum. This is a perfect example of the primary issues that are faced when preparing the blockchain for the mass market. To fully realize its potential, the the platform needs to have faster transaction flow while maintaining its decentralized state.

Right now, the volume of transactions that can be processed on the blockchain at any given point of time is slow, whereas Visa can process around 50,000 transactions per second, Bitcoin can only take about 3 per second, and Ethereum can take about 15 per second.

 When we consider that Visa accounts for 150 million transactions per day on its own, the need for change is clear. There is no clear winner for scalability on the blockchain, but from the scope of the applications the basic goal is to increase the volume of the throughput by “sharding the chains” and then connecting them with some larger chains.

OPEN is committed to providing software developers the tools they need to overcome scalability issues that may effect their applications. By leveraging the benefits of both on-chain and off-chain databases, we allow them to continue to utilize their traditional database technology while porting to the blockchain only the functionalities that make sense to do so.

For more information, check out our white paper.

Hmm interesting. I have never thought about the scalability issues involved with transactions. I look forward to watching OPEN grow and exceeding that 150 million transaction by Visa

[WhaleSlayer]

The team has been introduced as one with an incredible experience, but no references have been listed in this ANN. Where should we look?

[ellerby123]

Recently, we have seen a single game, CryptoKitties, take up 15% of the network capacity for Ethereum. This is a perfect example of the primary issues that are faced when preparing the blockchain for the mass market. To fully realize its potential, the the platform needs to have faster transaction flow while maintaining its decentralized state.

Right now, the volume of transactions that can be processed on the blockchain at any given point of time is slow, whereas Visa can process around 50,000 transactions per second, Bitcoin can only take about 3 per second, and Ethereum can take about 15 per second.

 When we consider that Visa accounts for 150 million transactions per day on its own, the need for change is clear. There is no clear winner for scalability on the blockchain, but from the scope of the applications the basic goal is to increase the volume of the throughput by “sharding the chains” and then connecting them with some larger chains.

OPEN is committed to providing software developers the tools they need to overcome scalability issues that may effect their applications. By leveraging the benefits of both on-chain and off-chain databases, we allow them to continue to utilize their traditional database technology while porting to the blockchain only the functionalities that make sense to do so.

For more information, check out our white paper.

CryptoKitties is a perfect example of how scalability issues run rampant on the blockchain. It's refreshing to see that OPEN has a practical solution to overcome these issues.

[OpenMoneyBTT]

Recently, we have seen a single game, CryptoKitties, take up 15% of the network capacity for Ethereum. This is a perfect example of the primary issues that are faced when preparing the blockchain for the mass market. To fully realize its potential, the the platform needs to have faster transaction flow while maintaining its decentralized state.

Right now, the volume of transactions that can be processed on the blockchain at any given point of time is slow, whereas Visa can process around 50,000 transactions per second, Bitcoin can only take about 3 per second, and Ethereum can take about 15 per second.

 When we consider that Visa accounts for 150 million transactions per day on its own, the need for change is clear. There is no clear winner for scalability on the blockchain, but from the scope of the applications the basic goal is to increase the volume of the throughput by “sharding the chains” and then connecting them with some larger chains.

OPEN is committed to providing software developers the tools they need to overcome scalability issues that may effect their applications. By leveraging the benefits of both on-chain and off-chain databases, we allow them to continue to utilize their traditional database technology while porting to the blockchain only the functionalities that make sense to do so.

For more information, check out our white paper.

Hmm interesting. I have never thought about the scalability issues involved with transactions. I look forward to watching OPEN grow and exceeding that 150 million transaction by Visa

Thanks for your support!

[OpenMoneyBTT]

The team has been introduced as one with an incredible experience, but no references have been listed in this ANN. Where should we look?

Hello WhaleSlayer, you can check out the team on our website: https://www.openfuture.io/

[CryptoBry]

Hmm interesting. I have never thought about the scalability issues involved with transactions. I look forward to watching OPEN grow and exceeding that 150 million transaction by Visa.

There is no doubt that at its present capability, cryptocurrency is not fully ready for the mainstream adoption of the platform which can result into much bigger volume of transaction on a global basis. Lately, I have been reading articles and  posts in many crypto forums comparing the capacity of cryptocurrency (most especially Bitcoin and Ethereum) to handle transactions and how they can be compared with the behemoth capacity of Visa.

Since we have the ambition for massive adoption, just getting into half of what Visa can process can already mean a lot. Unfortunately, we still have to see this into reality. Now, am wondering how will the OPEN Platform get affected by the Bitcoin and Ethereum scalability and how OPEN can be helping these two top cryptocurrency networks?

[OpenMoneyBTT]

If cryptocurrency is to become mainstream, and we at the OPEN Platform believe it will, changes or additions will need to be made to current systems in order to help usher in its adoption in a seamless manner, to heal those growing pains. We take the roadblocks to consumer adoption very seriously, so naturally we asked the question: what’s missing for the would-be cryptocurrency consumer?

Aside from the obvious – you can’t yet use cryptocurrency in conventional applications or on most existing websites as a form of payment, something we are actively solving – the thing that struck us as much-needed are receipts. Where are they?

As it stands, it’s convoluted at best and impossible at worst to produce an actual receipt for a cryptocurrency transaction. Outside of using a service like ethscan or blokchchain.info to prove a transaction occurred between digital wallets (and even this isn’t a complete solve), it’s pretty hard for the average person to prove they sent payment to a specific person for a specific thing, and conversely pretty difficult to prove the opposite.

That’s why we’ve created the OPEN State – an immutable, irrefutable, permanent receipt that lives on the blockchain. It can handle any type of payment transaction you can imagine, from movie tickets to subscription services and more. And, since its backed by the blockchain, it’s a receipt you can’t lose or alter. Not only is this great for cryptocurrency adoption, it’s great for businesses and consumers at large.

For more information, check out our white paper!

[savantsam]

If cryptocurrency is to become mainstream, and we at the OPEN Platform believe it will, changes or additions will need to be made to current systems in order to help usher in its adoption in a seamless manner, to heal those growing pains. We take the roadblocks to consumer adoption very seriously, so naturally we asked the question: what’s missing for the would-be cryptocurrency consumer?

Aside from the obvious – you can’t yet use cryptocurrency in conventional applications or on most existing websites as a form of payment, something we are actively solving – the thing that struck us as much-needed are receipts. Where are they?

As it stands, it’s convoluted at best and impossible at worst to produce an actual receipt for a cryptocurrency transaction. Outside of using a service like ethscan or blokchchain.info to prove a transaction occurred between digital wallets (and even this isn’t a complete solve), it’s pretty hard for the average person to prove they sent payment to a specific person for a specific thing, and conversely pretty difficult to prove the opposite.

That’s why we’ve created the OPEN State – an immutable, irrefutable, permanent receipt that lives on the blockchain. It can handle any type of payment transaction you can imagine, from movie tickets to subscription services and more. And, since its backed by the blockchain, it’s a receipt you can’t lose or alter. Not only is this great for cryptocurrency adoption, it’s great for businesses and consumers at large.

For more information, check out our white paper!

Wow the OPEN state is awesome! Can't wait to be able to pay tuition with crypto!

[ellerby123]

If cryptocurrency is to become mainstream, and we at the OPEN Platform believe it will, changes or additions will need to be made to current systems in order to help usher in its adoption in a seamless manner, to heal those growing pains. We take the roadblocks to consumer adoption very seriously, so naturally we asked the question: what’s missing for the would-be cryptocurrency consumer?

Aside from the obvious – you can’t yet use cryptocurrency in conventional applications or on most existing websites as a form of payment, something we are actively solving – the thing that struck us as much-needed are receipts. Where are they?

As it stands, it’s convoluted at best and impossible at worst to produce an actual receipt for a cryptocurrency transaction. Outside of using a service like ethscan or blokchchain.info to prove a transaction occurred between digital wallets (and even this isn’t a complete solve), it’s pretty hard for the average person to prove they sent payment to a specific person for a specific thing, and conversely pretty difficult to prove the opposite.

That’s why we’ve created the OPEN State – an immutable, irrefutable, permanent receipt that lives on the blockchain. It can handle any type of payment transaction you can imagine, from movie tickets to subscription services and more. And, since its backed by the blockchain, it’s a receipt you can’t lose or alter. Not only is this great for cryptocurrency adoption, it’s great for businesses and consumers at large.

For more information, check out our white paper!

The OPEN State is a huge game changer. Proof of payment in crypto transactions is a big issue and OPEN is providing a solution for it.

[luksbit]

In the case will be a payment platform for any type of service? or just for games, in relation to the fees, will be charged to the customer or the company that provided the service?

[CryptoBry]

If cryptocurrency is to become mainstream, and we at the OPEN Platform believe it will, changes or additions will need to be made to current systems in order to help usher in its adoption in a seamless manner, to heal those growing pains. We take the roadblocks to consumer adoption very seriously, so naturally we asked the question: what’s missing for the would-be cryptocurrency consumer? Aside from the obvious – you can’t yet use cryptocurrency in conventional applications or on most existing websites as a form of payment, something we are actively solving – the thing that struck us as much-needed are receipts. Where are they? As it stands, it’s convoluted at best and impossible at worst to produce an actual receipt for a cryptocurrency transaction. Outside of using a service like ethscan or blokchchain.info to prove a transaction occurred between digital wallets (and even this isn’t a complete solve), it’s pretty hard for the average person to prove they sent payment to a specific person for a specific thing, and conversely pretty difficult to prove the opposite.
That’s why we’ve created the OPEN State – an immutable, irrefutable, permanent receipt that lives on the blockchain. It can handle any type of payment transaction you can imagine, from movie tickets to subscription services and more. And, since its backed by the blockchain, it’s a receipt you can’t lose or alter. Not only is this great for cryptocurrency adoption, it’s great for businesses and consumers at large. For more information, check out our white paper!

One of the many reasons why we are swimming in many ICO projects is greed or that desire to just ride with something that is getting popular and make as much money as one can and then let the project the natural death. They are not really providing something new or the right solutions to the problems existing -- others don't even know what the real problems are so we can't expect those projects to least even for months.

The OpenMoney project is different. The people behind this project have analyzed the sets of problems affecting the adoption of cryptocurrency by the mainstream population and they come up with attractive correct solutions. In a world where trust is scare, having a receipt to be provided by the OPEN State can be of big help for both the end-consumer or buyers and the merchants to trust each other, which can encourage more revenues.

[JesusCryptos]

Open Money looks like an extremely ambitious project, it the team will be able to deliver, that could become really, really big.

[CryptoBry]

Open Money looks like an extremely ambitious project, it the team will be able to deliver, that could become really, really big.

Exactly! As I am seeing it now, the team knows what they are doing and they are offering many unique features which the whole of the cryptocurrency market can take advantage soon. who knows...this can be the standard which others would follow in the next few years. What they are trying to establish can be the solutions which many of us have been looking for. And the aim, of course, is providing the appropriate bridge between the consumers or end-users and cryptocurrency so we can promote mainstream adoption. It can be ridiculous to promote or ever of massive adoption and yet the infrastructure is not yet ready -- this is the spot where OpenMoney will be coming in and I am sure that it would be a very lucrative opening.

[OpenMoneyBTT]

Hey everyone - let's start the year off on the right foot. We are fast approaching the public launch of the OPEN Platform ICO and I know you're all interested in receiving your bounty tokens. Just be careful to follow our guidelines, and PLEASE don't try and game the system. CHEATERS WILL NOT RECEIVE TOKENS. We are carefully observing how our bounty participants are working and are super excited about sharing the profits with those of you who are playing by the rules and doing such a great job!

[ellerby123]

Hey everyone - let's start the year off on the right foot. We are fast approaching the public launch of the OPEN Platform ICO and I know you're all interested in receiving your bounty tokens. Just be careful to follow our guidelines, and PLEASE don't try and game the system. CHEATERS WILL NOT RECEIVE TOKENS. We are carefully observing how our bounty participants are working and are super excited about sharing the profits with those of you who are playing by the rules and doing such a great job!

This is exciting! Can't wait to see a successful public launch

[OpenMoneyBTT]

Hey there,
2017 is closing down and before it's over the whole team here at OPEN would like to send you all a giant THANK YOU! Without your support, feedback and perseverance we wouldn't be so close to making a huge splash in the cryptocurrency world. 2018 is going to be full of really exciting news and we can't wait to see all of you succeed thanks to your participation in our project. Enjoy the rest of your year!