One ledger: A novel cross-chain protocol

[alttry2019]

If the consensus mechanism is the core of the blockchain, then cross-chain technology is the key to implementing value transfers in blockchain. At this stage, all public chains are independent networks, such as bitcoin, Ethereum, EOS. As the public chains continues to increase, there will be more and more similar information islands in the blockchain world. This seriously hinders the development of the blockchain ecology.

OneLedger is the cross-chain technology connecting islands and is the key to realize the value of networks.

So, what is OneLedger?

Oneledger is a cross-chain consensus protocol. By setting up sidechains, individuals or companies using OneLedger can easily implement cross-chain interaction. At the same time, OneLedger provides SDK development tools specifically for enterprise developers. It can modularize and customize cross-chain development for different business entities. All interactions are performed on the side chain, which greatly improves cross-link development. The efficiency of the transactions between blockchains can be improved as well as the security.

The technology

Unlike other cross-chain technology projects that construct a relay chain, Oneledger accesses the public-linked account book as a smart contract, establishes side-chains, and exchanges book information via side-chains to achieve cross-chain transactions. Oneledger first exists as the underlying protocol, and through its sidechain technology, it further expands the application scope and innovation space of blockchain technology. Developers can more easily establish various intelligent contracts and make it easier to commercialize.

OneLedger provides enterprise developers with a dedicated SDK module that enables developers to implement modular and customized cross-chain DAPP development. The SDK toolkit greatly eases the development of DAPP. Through the Oneledger smart contract system, DAPP can quickly go online with any public chain. Oneledger is just like the WeChat applet and is very suitable for entry-level developers to develop and use DAPP.

The impact of technology

Nowadays, the blockchain is running at a low speed and the fees are very high. Through cross-border asset transfer, we can build a more efficient and low-cost network.  The OneLedger development direction is indeed the bottleneck that restricts the ecological development of the blockchain at the current stage, and OneLedger's proprietary enterprise-level SDK development tools can effectively help cross-chain developers to realize project landing and large-scale commercial applications as soon as possible.

One simple example of my understanding, the current decentralized exchanges IDEX and ED, there are very big problems:
1.The user base is small and the transaction depth is very low.
2.Decentralized exchanges Inadequate technology results in slow transaction speed and poor user experience.
3.The direct exchange between BTC and ERC20 cannot be achieved like a centralized exchange.

However, through the OneLedger agreement, cross-chain interaction can be easily resolved, transaction depth can be increased, transaction speed can be improved, and transaction experience can be improved. Any developer can build efficient cross-chain decentralized exchanges through the Oneledger protocol.

The team

CEO of OneLedger is the chairman fo CHina-Chanadian Blockchain Association. Team engineers are from Morgan Stanley, Nokia, Amazon, and IBM. The heavyweight project Polymath CEO is an angel investor of One Ledger and is also a member of the team advisory team.

The team members all have rich experience in the development of blockchain technology, and their GITHUB code has a dedicated technical team to conduct the audit. Both the hardware and software resources provide sufficient guarantees for the development and landing of the Oneledger project.

OneLedger is contributing its own efforts in the blockchain field.

[dbravo]

That’s a very informative post. OneLedger is a cross ledger protocol which is very scalable. It provides a lot of facilities for its clients.

[Mrs Troll]

But there is a very important nuance - they still do not have anything to show us as MVP (no code, no product). Once they release MVP this can go to the moon, but not right now.

[thomaseco]

A very good post and thank you for introducing OneLedger to all. Hope all will go through it and decide if they want to deal with it or not.

[ClarenceDo]

This is really great. This technology will add a new dimension in the blockchain technology. Now the blockchain technology is having some kind of problems like slow speed and high transaction fees. So to solve this problem this technology will play a great role. This is needed in the market now.

[Oyali]

Oneledger is a good project who is also rated very well by ico rating websites. The problem is that they have postponed their ICO for two times, because there was a high interest from the community. The KYC provider could not handle the requests, so for now the ICO is on 15 June.

[thresher]

OneLedger, I'll not be forgetting that name. Thanks for the post my friend, it's quite thorough. Let's keep a close watch on this because as troll said, it could go moon once they release an MVP.