The OPEN team is thrilled to announce Danhua Capital, also known as DHVC, as one of their latest investors and strategic partners. Danhua Capital is an early stage VC fund with more than $700MM in capital focused on investing in projects and technologies that have the potential to disrupt the world.
While it invests across all sectors, their blockchain portfolio is especially impressive as they were early investors in projects such as NEO, Aelf, Zilliqa, and Ontology – just to name a few. All of these groundbreaking projects have had valuations of over a $1 Billion.
For this reason, their support for OPEN’s vision of bringing cryptocurrency to the mainstream by empowering application developers is especially relevant. Danhua recognized OPEN’s ability to assist developers in integrating multiple blockchains into their core technology stack without the need for learning blockchain programming languages such as Solidity as a groundbreaking innovation.
Danhua has a history of backing immensely successful projects. In fact, over 10 portfolio companies of Danhua Capital have been able to achieve the coveted $1 Billion + valuation mark. OPEN is honored to be a part of such an incredible portfolio and to have the leaders of Danhua Capital see the same potential in OPEN’s vision.
OPEN envisions a world where all applications accept cryptocurrencies as easily as they do fiat currencies. Applications of the future will not entirely be on the blockchain, nor will they entirely live in centralized servers. The truth lies in the middle, with the blockchain serving as a kernel to do things that its technology is uniquely suited to do, such as payments, asset issuance, transparency, and auditability while letting centralized databases handle complex computations not required to be on chain. In order to do so, the blockchain part of an application must be able to seamlessly speak with other parts of the application.
That is the core of what OPEN does – they enable different types of data, some represented in decentralized networks and others in centralized ones, communicate with each other.
OPEN starts with payments as it is logical that liquid, digital currency be used to purchase liquid, digital assets. This first step enables cryptocurrencies to be used in a similar manner to fiat currencies. The key components that OPEN uses are a set of off-chain APIs and Developer tools that abstract away the difficulties of blockchain technologies, interoperable on-chain Scaffolds that are deployed to each of the blockchains in our ecosystem, our own high throughput OPEN Chain, and an innovative Blockchain Load Balancing Protocol.
The Danhua team recognizes the potential OPEN has to bring mainstream adoption to the blockchain space by building an API connected to a scalable and interoperable blockchain network that makes it incredibly easy for developers to integrate the blockchain into their applications.
With offices both in Shanghai and Silicon Valley, they have been able to see, firsthand, the power of the API economy that has transformed the technology landscape over the past few years.
APIs have the unique ability to simplify a complicated technology into an easily accessible tool for the developer, thereby enabling the adoption of otherwise hard to integrate technologies. APIs have helped big software companies, like Uber and Google, vastly improve their product offering and have helped propel them to becoming incredibly successful companies.
OPEN is providing its API services to make blockchain integration painless for developers – thus enabling mainstream adoption of decentralized technologies, and bringing the massively successful API economy to the blockchain industry. The world is currently populated by millions of centralized applications that are eagerly awaiting a secure, easy-to-implement and scalable solution. This solution is OPEN.
OPEN brings tremendous value to Danhua’s already phenomenal portfolio by providing an essential infrastructure that other portfolio companies can leverage to grow their existing businesses.
OPEN also has several industry leaders in the blockchain space backing it, including RChain’s Reflective Ventures, NEO’s Neo Global Capital, Draper Dragon, Sora Ventures, Element Group, One Block, Jeremy Gardner, and more!
With the top public blockchain projects in both Asia and the U.S. backing it, as well as investments from leading crypto funds and individuals, OPEN is quickly emerging as one of the most promising projects of 2018.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Supporting with Five Highlights, the New Generation of ColdLar Wallet Pro 3 Shocked Release
The new generation of ColdLar Wallet Pro 3 has been released, which makes a great step to become the Guardian for the Blockchain Assets.
Most of the experienced customers of cryptocurrency circle have known about ColdLar Wallet for a long time. However, the beginners also can understand its concept though this article.
ColdLar Wallet is not only an intelligent hardware cold wallet product, but also a full set of security storage solutions for blockchain assets. ColdLar Wallet adopts the ideal of “Dimension Reduction Protection”, and it is composed of cold end wallet device and hot end APP.
The cold end is a hardware device, which looks like a cell phone without requiring a network connection, mainly responsible for building transactions and signing transactions. And the hot end APP need to connect to a network with broadcast transactions and query balances as its main tasks.
The unique structure of “Hardware Device Plus Mobile App” ensures that the private key will never connect to the network. The full set solution transmits the encrypted information by encrypted two-dimensional code or NFC, which can guarantee the absolute security of transactions.
The security storage solution of ColdLar is based on the security structure of ColdLar wallet. And it takes the secure storage and algorithm of the private key as its core, as well as relies on the strong research and development capability of ColdLar, for completely isolating the hacker attacks.
Humaniq Doubles Number of Nations Where it Brings Global Unbanked Better Options
London, September 20, 2018 – International FinTech company Humaniq today expands its global reach by launching the Humaniq app with full functionality – wallet & crypto emissions – in a further 24 countries. The launch, from Asia to Latin America, takes the total list of nations Humaniq App operates into 46. The expansion will provide both social and financial empowerment to the global unbanked population and widen the horizon for financial inclusion initiatives.
Launching the app in new continents with already close to half a million users onboard after less than a year Humaniq is ready for further rapid growth and achievements. As of today, the Humaniq App can be downloaded in 24 new countries: Republic of the Philippines, Myanmar, Sri Lanka, Papua New Guinea, Mongolia, Seychelles, Belize, Dominican Republic, The Bahamas, Guatemala, Honduras, Costa Rica, Venezuela, Guyana, Suriname, Paraguay, Oriental Republic of Uruguay, México, Albania, Montenegro, Macedonia, Republic of Serbia, Bosnia and Herzegovina, Republic of Iceland.
It is no coincidence that there are Southeast Asia and Latin American countries in the list of nations Humaniq now operates in. Humaniq will fill in the gaps in financial inclusion, bringing knowledge and skills that will help people to use financial products and services effectively and with a greater awareness of their rights and responsibilities in financial markets.
Today, there are approximately 1.7 billion people without any access to financial accounts, according to the World Bank’s Global Findex Database 2017 (Findex).…
Play2Live starts opened beta testing of the blockchain streaming platform
Today, on September 19th, 2018, Play2Live has officially announced the launch of opened beta testing of their blockchain streaming platform to the general public. First access to the closed testing phase was granted on August 15th to media representatives and accredited streamers in order to check the operational capacities of the platform’s basic functionality. Play2Live has prepared for the launch broadcasts from famous EU&CIS streamers and a large promotion campaign, including LUC buyback.
In the opinion of the leading experts, one of the interesting benefits of the project includes the possibility of buying and earning LUC tokens directly at the platform’s website. The coins can be used for implementing different monetization options, including donations, voting, and for assigning special tasks to streamers. The neural network developed by the project team will be responsible for monitoring the fulfillment of assigned tasks. Play2Live CEO and founder Alexey Burdyko noted that users are in for a vast number of innovations and new features. Some “know-how” has never been used in e-Sports before.
Alexey Burdyko said: “We have been preparing the release of the beta version since the spring of 2018 when the investment campaign of the project (ICO) was completed. Throughout this time, we have strengthened the team and were able to develop and implement a number of innovations not only for Play2Live itself but for e-sports in general. With the start of public use of the basic…
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