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Why OPEN is a Developer’s Best Friend

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OPEN

Building a successful blockchain or cryptocurrency accepting application isn’t easy. It requires design, analysis, coding, testing, marketing and a healthy dash of good luck. Not only must developers achieve proficiency in their craft, but they also need to navigate complicated distribution channels like app stores and payment processing systems.

If we are going to see a blossoming number of new applications on the blockchain protocol, it has to make financial sense for developers. If they have to build their applications from scratch using new programming languages and adapting to new decentralized paradigms, many talented developers may find the barriers to entry to be too high.

Even worse. What happens if they do decide to take the plunge, and then the market shifts and the technology platform they’ve been working with is no longer “the place to be”? For example, can anyone be certain that Ethereum will be king three years from now?

It’s clear that a huge number of developers recognize the potential of cryptocurrencies and blockchain technologies. The over $500 billion in liquid digital assets sitting on the blockchain is a juicy incentive to being able to accept cryptocurrencies within applications.

Until now, however, the tools required to accept cryptocurrencies for applications haven’t existed.

OPEN provides developers with infrastructure that enables them to port their existing applications onto the blockchain and begin accepting cryptocurrencies. Developers do not need to learn new programming languages and can utilize languages that they are already familiar with through OPEN’s API. By using OPEN, developers can deploy blockchain components instantly without knowing Solidity by using a unique tool built for developers who wish to skip the learning curve of the blockchain and languages like Soliditiy. The developer can create customized payment schemes through the OPEN API, enabling cryptocurrency payments. All the while, changes are integrated directly with their application through the OPEN States.

OPEN resolves four essential problems that no other technology has been able to address until now. First, developers can easily integrate the blockchain into their existing applications without investing considerable resources. With just a few simple lines of code, they can begin accepting cryptocurrencies in a way that can communicate with their backend database, a struggle for cryptocurrency wallets themselves to deal with.

Second, the OPEN Platform allows them to easily sync their on-chain transactions with their off-chain databases. There are no manual checks of transactions and subsequent changes to the application backend. OPEN provides this direct link, making the entire transaction process seamless.  

Third, developers are paid immediately without the long transaction cycle they are used to with current systems. They also avoid the exorbitant app-store fees associated with traditional payment methods.

And finally, the OPEN Platform’s blockchain agnostic architecture assures them that their investment in time and effort will be protected regardless of which technology platform becomes prevalent down the road.

As an added bonus, developers that are part of OPEN’s Developer Program are able to receive airdrops for their users. (Read more about our Developer Program here). Without a doubt, OPEN is every developer’s best friend.

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.

Image courtesy of Bala Sivakumar via Flickr

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful trading…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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Crypto Apps

Sylo launches game-changing solution Oya and announces integration with Tezos

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Software development company Sylo has officially launched Oya today – a complete reimagining of its backend architecture. The company said the new product “leads the way for mainstream decentralization.” Sylo’s goal is to democratize access to communication and financial capabilities, without sacrificing privacy, personal data and user experience. Additionally, Sylo has deployed wallet support for public blockchain Tezos in their multi-chain wallet-messenger decentralized app, the Sylo Smart Wallet, which currently has over 250,000 users around the world.  

“We’ve solved the hard issues of scalability, performance and fair-reward in a decentralised setting, allowing developers to build apps with a real competitive advantage. The launch of Oya brings our vision of a future worth looking forward to, a whole lot closer and we’re really excited about what can be built on this new decentralised foundation,” said Ben Jordan, Sylo Co-Founder and Product Director, in a statement.

“The Oya Launch opens the door to a plethora of new features and business opportunities, many of which we will be unveiling over the next two quarters,” said Dorian Johannink, Sylo Co-Founder and Business Director.

The Tezos blockchain supporting firm TZ APAC is advising Sylo on technical integration of Tezos, to improve developer experience and increase adoption of the Sylo wallet in…

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