Ethereum could be considered a component of every OST-based application. When OST creates auxiliary blockchains they are based on Ethereum, which means existing clients like Parity and Go Ethereum — Geth — can be used. The Mosaic team has employed the architecture of Casper the Friendly Finality Gadget to create fault-tolerant sidechains and resolve transactions asynchronously with the Ethereum mainchain. Mosaic is intended to support the scalability of OST-based applications to tens of millions of users.
…ding this power — or asking for it to be wielded on your behalf — it can feel pretty uncomfortable. Women in particular have a harder time transitioning from the personal and emotional to the transactional in their relationships. My female friends and I have discussed this extensively, and have even experimented with a “favor s…
The answer that I came up with is that issuing a cryptocurrency by itself is costless, but issuing a cryptocurrency that people care about is not costless. The equilibrium is that there exists this club of cryptocurrencies that people recognize as having …
Mappy, Happy, and Dappy may sound like Scrooge McDuck’s lost nephews, but these personas represent three types of businesses, differentiated primarily by the degree of decentralization they are ready to embrace in the near term. Knowing which of Mappy, Happy, or Dappy you are building for, and understanding the key differences between them, is critical to building successful blockchain products that gain end-user traction.
The wallets are the most difficult to convey because they’re completely different from real-world wallets. You need the users to understand that they are their own banks. There is no central authority. Users need to understand that it is crucial for them to save and safeguard a seed phrase so they can access their wallet. This is a very difficult problem that everyone is trying to solve. In addition, users are very accustomed to getting instant feedback for transactions, but that’s not necessarily the case with blockchain. For example, when partners interact with the Ethereum mainnet via OST to stake and mint their branded tokens, feedback can be sluggish. However, once they interact with OST side chains, which are extremely fast, they will be provided with feedback immediately.
Second, while the rest of the industry jumped immediately to building DApps (distributed applications) and platforms and technologies for DApps, we theorized that while DApps are part of an exciting future, they will take many years to materialize and gain traction, especially while user experiences lagged consumer expectations. We also saw that too many DApps were taking the “if you build it they will come” approach to growing audience, rather than building distribution into the product strategy. Instead, we envisioned that mainstream companies with large existing user bases could create the first mass-market blockchain big wins.
I am very pleased to announce that technology-industry visionaries Lars Hinrichs and Geoffrey Prentice have joined the OST.com Inc. Advisory Board as active advisors to the company as we prepare to go to market in 2019.
Founded in 2015, Grover makes technology accessible to everyone, by enabling people to subscribe to tech products monthly instead of buying them or financing them. Grover has raised total funding of €41m to date as they have scaled the business and market helping consumers prioritize access over ownership to access the technology they need and want. In addition to direct online subscriptions, Grover has partnerships with several large retailers including the MediaMarkt Saturn Group, Europe’s leading consumer electronics retailer to ensure more consumers have access to this groundbreaking service. Through partners Grover’s service is also available at the POS allowing customers to take their rental tech home right away.