Worldwide Introduction of OpenST Mosaic Protocol: Scaling Blockchain Economies to Billions of Users
Watch the Keynote: OST announces OpenST Mosaic at the Upbit Developer Conference, Jeju, South Korea, 13 September, 2018
On 13 September, 2018 OST Co-Founder & Chief Blockchain Strategist Benjamin Bollen and I presented the OpenST Mosaic Protocol at the Upbit “Proof of Developer” conference in Jeju, South Korea.
Watch the Keynote
We believe that OpenST Mosaic is a viable on-chain solution for scaling apps on Ethereum to billions of users, without requiring any upgrades to Ethereum as it (proof of) works today. Mosaic will also scale even further with future upgrades to Ethereum as they are released.
OpenST Mosaic is presented in the context of Ethereum, Ethereum 2.0, Casper, Sharding, and Plasma.
Mosaic is a consensus protocol to run meta-blockchains on top of Ethereum. Each meta-blockchain runs in parallel and injects an additional state space into Ethereum. Each meta-blockchain is secured by Ethereum with an open, staked validator set. All transactions on meta-blockchains are asynchronously finalised and committed onto Ethereum. This enables tens thousand+ transactions per second on Ethereum — critical for mainstream adoption.
Mosaic is a companion protocol to the OpenST Protocol introduced 1 year ago. The Mosaic paper will be released around 1 October, 2018.
View the Slides
Thank you to all of the OST team members for your tireless contributions to the project. Thank you also to our project advisors, and especially to Mark Bonchek who contributed directly to the presentation. Thank you to Upbit for hosting the most substantive and most well-produced blockchain event I have ever had the opportunity to attend. And, thank you to the Ethereum community for your feedback and inputs on the Mosaic Protocol.
OST blockchain infrastructure empowers new economies for mainstream businesses and emerging DApps. OST leads development of the OpenST Protocol, a framework for tokenizing businesses. In September 2018 OST introduced the OpenST Mosaic Protocol for running meta-blockchains to scale Ethereum applications to billions of users. OST KIT is a full-stack suite of developer tools, APIs and SDKs for managing blockchain economies. OST Partners reach more than 200 million end-users. OST has offices in Berlin, New York, Hong Kong, and Pune. OST is backed by leading institutional equity investors including Tencent, Greycroft, Vectr Ventures, 500 Startups.