OpenLedger seeks to develop next-gen BitShares 3.0 blockchain

The idea of creating the FBA was proposed back in 2015, but was never implemented...

OpenLedger, the blockchain conglomerate, operating a decentralized exchange based on BitShares technology in addition to initial token generation services today put out a letter to users proposing a constructive collaboration to build the next generation of the BitShares blockchain. Currently operating in BitShares 2.0 version, the BitShares blockchain offers a stack of financial services including exchange and banking.

The OpenLedger team believes BitShares is severely underrated in comparison to other blockchain platforms. The key goal for the OpenLedger, they say, will be to research ongoing cryptocurrency technological trends, as well as create new features, with subsequent implementation into the BitShares blockchain. The team noted its vast experience in development using Graphene technology, as well as unmatched experience in working with Bitcoin, Ethereum, NXT, Omni, Waves blockchains.

The strategic goal of this call to action today is to push OpenLedger to create such a platform which will outpace the competition and allow for the creation of a truly decentralized and trusted digital economy.

The OpenLedger team stated “over the past two years, OpenLedger has played an important role in the development and establishment of the BitShares blockchain. Our high-qualified team of developers has been involved in dozens of third-party projects, acting as consultants and direct executors, continuously interacting with the community, developers, and traders to develop their products on the BitShares ecosystem. Believing in the limitless possibilities of BitShares technology, it is OpenLedger’s vision to build projects for all users, and truly develop ‘Blockchain as a Service’ (BaaS). To achieve these goals, we would like to rely not only on our own views and ideas but also on yours – the community opinion – and we invite you to like to take part and join us in this next stage of BitShares’ evolution.”

For the first stages OpenLedger is inviting the community to vote for one, or more, of the following proposed ideas:

1) Implementing a virtual machine (like Ethereum’s’ Virtual Machine) into Graphene.
2) Implementation of the Atomic Swap mechanism.
3) Creation of Fee Backed Asset.

Phase two will include counting the votes and reporting the results.

The results will be summed up either on November 9th (in the case of clear and straight voting), or on November 30th (if there will be active discussions or disputes). Whatever the positive outcome, OpenLdger says they will prepare a detailed roadmap, which will outline the steps, deadlines, project participants, and financial calculations, which will, in turn, be presented to the community.

The third stage will be a full deployment on the test network and the environment, with the testing process performed by the team and any interested parties within the community.

Following this, OpenLedger wants to start the integration into working nodes. If the changes are significant, it will perform the hard fork, provided that all witnesses agree.

The team finished their proposal to users stating:

“At OpenLedger we believe that true progress and mass adoption of blockchain technology will only come from working together. Collaboration is the new tool for global progress and it should be encouraged at every level, so please join us as we explore the future of the BitShares blockchain.”