Simple Token (OST)

It’s basically used to power and link niche token economies from mainstream consumer apps and build a network of Branded Tokens with OpenST protocol, which businesses can use to launch Branded Tokens without doing blockchain development of their own.

Till now crypto has only been powering upcoming DAPPs and very few tokens have been looking to integrate the current app infra to blockchain.

So in a way the OpenST protocol could be used to build things like Steem, MobileGo, Cryptokitty, DNT etc. Even one consumer app like Cryptokitty clogged the Ethereum network. ST can be a good solution to add scalability to the Ethereum blockchain with its sidechain solution.

OST is to ETH what ARDR is to NXT. Soon people will realize that sidechains are the solution to scale mainchains like ETH and NXT and sidechain projects could blow up.

Top News

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On-chain Governance with Polkadot and Ethereum 2.0

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Japanese Finance Expert and Professor Iwashita on Blockchain and its Future

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The Future of the Declining Altcoin Market

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