OneChain is a new platform that is meant to scale and uptake the concept of blockchain to a whole new level. The product has been developed as a mobile dApp that integrates a chat platform, a decentralized exchange that facilitates lightning fast transfers and a universal wallet with the ability to support hundreds of cryptocurrencies.
The dApp has been developed for iOS and Android phones. Think of this as a one-stop solution for all your needs on blockchain: text, transact, send, and store. The good thing is that it operates in a fully open and decentralized environment.
As a user, you get the advantage of having an all in one dApp that supports multiple currencies. The platform is not only fast, but it is also secure as users can control their private keys through end to end encryption. This dApp operates on the ONE network which is cheap and fast. Users who use this network have the advantage of sending ERC-20 tokens without any gas. If you would like to transfer cryptocurrencies to another user, this will take as little as 5 seconds for the transaction to be complete.
The platform also offers support to over seven hundred cryptocurrencies on its Super Wallet. A notable quality about this wallet is that it was designed to be especially user-friendly, a key concern among users who interact with existing wallets.
The dApp also features the ONE DEX – a native decentralized exchange that can process up to 20,000 transactions per second. The good thing about this decentralized exchange is that it is developed to be hack proof and withstand all malicious attacks.
ONE token is OneChain network’s gate pass, all the circulated value requires ONE token. ONE is based on the current graphene Bihares technology. In the future, the team says it will consider upgrading to a higher performance blockchain such as EOS.
Finally, the platform further boasts of a decentralized P2P text messaging service that is completely free and encrypted. Current communication platforms lack the security that users demand and need. Blockchain technology offers a novel approach through which privacy can be enhanced in communication.
The OneChain project is led by Kenny Huang, a prolific programmer with over 20 years’ of R & D experience. He is a Senior Technical Advisor at Huobi and was an early participant of Bitshares.
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