Place/Date: Singapore - May 1st, 2018 at 9:33 pm UTC · 3 min read
Contact: James Lawrence, Source: Odyssey
Odyssey recently announced the kickoff of the development of its own blockchain. Odyssey (OCN) ’s blockchain, also known as $OCN chain, will:
In blockchain technologies that exist today, there are not many immediate options or solutions for scalability and connectivity. With that being the case, Odyssey (OCN) Protocol is developing blockchain technologies of the future with scalability and interoperability in mind.
Sophie Guan, project lead, Odyssey Protocol Foundation, said:
“Today’s announcement shows the dedication and commitment we have to the community. This revolutionary protocol advancement, built with the future of scalability and connectivity in mind, will be a game changer in blockchain for years to come. We look forward to showcasing our team’s technical accomplishments, and progress, as we continue to exceed expectations of Odyssey’s vision for the future decentralized sharing economy.”
In the case of Odyssey (OCN) ’s network, $OCN Chain, it will be able to integrate OCPay with a multitude of other networks, services, and businesses globally.
This is in direct comparison to Ethereum, which has become overloaded with the advance of DApps being built on the network, leading to higher transaction fees and slower blocktimes.
Even in the case of other potentially higher performing networks that have lower transactions fees, the cost of migrating assets across networks is prohibitively high.
It is therefore easy to see why the future lies in connecting blockchains with different consensus methods, which will allow for higher performing networks to interact more easily with others, seamlessly sharing data and assets.
For example, OCPay will be able to have cross platform interoperability with networks such as TRX, ETH and QTUM. OCPay will also be directly integrated with service provider companies, such as oBike, and as well in the future, directly with local merchants at top restaurants, hotels, and theatres.
$OCN Chain will continue to advance its technologies and partnerships globally, with cross-chain token sales and payment options, and even more advanced use cases in the future such as E-voting, E-auction, E-coin to establish the foundation for the more connected blockchain world in the future.
Odyssey (OCN) looks forward to continuing its role leading the Future of the Decentralized Sharing Economy.
Odyssey (OCN) is initiated by Odyssey Protocol Foundation, registered in Singapore.
Odyssey (OCN) ’s mission is to build the next-generation decentralized sharing economy & Peer to Peer Ecosystem. Odyssey (OCN) aims to reduce overall operating cost, increase marketplace efficiency and boost ROI of product & service providers in the Global sharing economy & peer to peer ecosystem.
Disclaimer: Odyssey is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose.This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.