[ANN] ✨ OneLedger ✨ A Business Modularization Blockchain Protocol - page 4.

OneLedger

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Hey Ledgerians,

If you didn’t get a chance to sign up for testing the OneWallet Beta, don’t worry, we have you covered.

Check out this great demonstration by our Director of Product, Aly Kassam.

DEMO : https://www.youtube.com/watch?v=zeFwFp54Hp8

DEMO : https://www.youtube.com/watch?v=zeFwFp54Hp8

OneLedger

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OneLedger Technology Inc.

https://www.oneledger.io/blog/development-update6

Development Update

In this sprint, we focused on the OneWallet, Fees and Lynx Engine.

The list of changes includes:

1. Protocol v0.11.2

Features

- Protocol:

Completed Dynamic Fee Structure

- Lynx:

DevOps:

Elastic Search for Logging

2. Wallet v1.0.1

- Explorer SDK

Account History: Send and Receive Tx

Mapping to Transaction Types to Account History Label

- Wallet SDK

Error Code Mapping

Define Domains to .olt Extension only

- Wallet UI

Various Error messages on Pop-Ups

Link Account History to Chronos Explorer

Define Domains to .olt Extension only

Export Vault Verification Pop-Up

Login-Logout Flow Changes

Change Active, Inactive, and Sale Domains screens and flows

Change Search Domain Flow

Display Transaction Types to Account History Label

Various Bug Fixes

- DevOps

Load Balance FullNodes on Devnet for SDK usage

Deploy Faucet in Chronos for OneWallet

In the next sprint, we will continue our work on the Responsive UI for Explorer for Mobile Web, Complete Fees Integration, HD Wallet support in SDK and Protocol, Wallet Bug Fixes.

https://www.oneledger.io/blog/development-update6

OneLedger

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OneLedger Technology Inc.

Get your questions ready

The OneLedger team will be hosting an AMA on September 10, 2019.

Mark your calendars

fraazi

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How many peolpe are in your project? How many developers? What is their background?

OneLedger

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OneLedger partners with Google Cloud Platform (GCP) to provide fast enterprise blockchain solutions

https://www.oneledger.io/blog/oneledger_googlecloudplatform

Enterprises on GCP can utilize OneLedger tools to build full-scale blockchain networks.

OneLedger, a truly interoperable blockchain platform, is proud to announce a partnership with the Google Cloud Platform (GCP). GCP provides cloud computing services that facilitate an on-demand environment for developing, testing, delivering, and managing software applications.

GCP has a broad range of enterprises from different industries currently using its platform. By utilizing OneLedger's full suite of developer tools, businesses and developers will receive access to the OneLedger protocol, and be able to run the node within seconds. By launching the full node, clients get access to the OneLedger blockchain network, where they can develop and deploy their Javascript smart contracts.

Javascript is one of the most widely used programming languages in the world, especially amongst enterprises. Providing a gateway to enterprises to have easy access to a blockchain protocol, which is built on Javascript will make the adoption seamless. Being on the Google Cloud Platform serves two important functions, firstly, it exposes OneLedger to a wide user base which Google already has, and secondly, it helps developers get started smoothly.

"We want new clients to test our products. We want OneLedger to be a popular brand amongst businesses. Google does make the process easier and faster, and this will help us reach a broader audience." Said Aly Kassam, Director of Product at OneLedger.

The developers can now easily access the OneLedger protocol, and start building Dapps right away. They even have the capability to launch their own blockchain on top of the OneLedger protocol. When interoperability is implemented in the near future, companies will be able to interact with multiple blockchains after running the full node.

To get full access to OneLedger's developer tools, Click : https://console.cloud.google.com/marketplace/details/chronos-225820/olfullnode

https://www.oneledger.io/blog/oneledger_googlecloudplatform

OneLedger

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Dev Update, Futurist Conference and much more...

https://www.oneledger.io/blog/newsletter24

Hello Ledgerians,

Hope you are having a great day! We've reached mid-way through August, and we have lots of exciting news to share with you. Let's give you a quick recap of what we covered in the last two weeks in terms of Development and Marketing and Community.

1. In this sprint, we focused on the Lynx Engine and OneWallet.

More details https://www.oneledger.io/blog/development-update4

2. The Beta version of OneWallet will launch on August 31, 2019. We are looking for Beta Testers to test different features of our wallet.

To register, https://www.oneledger.io/products/onewallet . Limited spots available.

1. Our team was at the Blockchain Futurist Conference in Toronto, Canada. Here are some highlights from the conference.

Blog: https://www.oneledger.io/blog/oneledger-at-the-blockchain-futurist-conference

https://www.oneledger.io/blog/newsletter24

-----------------------

Development Update

https://www.oneledger.io/blog/development-update5

In this sprint, we focused on OneWallet, Fees and the Lynx Engine.
The list of changes includes:

Protocol v0.11.0

Features:

- OneWallet:

UI Overhaul

Chrome Extension Package Completed

Account History

- Protocol:

Started Dynamic Fee Structure

- Lynx:

ETH Locking Continued

BTC Redeem Functionality Started

- DevOps:

Bitcoin and Ethereum Network Setup for DevNet (Lynx Testing)

In the next sprint, we will continue our work on the Responsive UI for OneExplorer, complete the Dynamic Fees calculation, SDK Create Account on Ethereum, fix bugs from any Wallet Testing Feedback, and continue our work on the Lynx Engine.

https://www.oneledger.io/blog/development-update5

---------------------

OneWallet Bug Bash.

Freddy and Oleksandr trying hard to eliminate all the bugs 😎

One week until the OneWallet launch

gembira

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As I remember wallet should be released on 31 August? Is this will be decktop wallet or just web wallet? And what about mobile version? You should have android and IOS wallet too I think... Huh

OneLedger

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https://www.oneledger.io/blog/oneledger-at-the-blockchain-futurist-conference

OneLedger at the Blockchain Futurist Conference.

Hello Ledgerians,

Hope you are having a great week! It has been quite an eventful week here at OneLedger.

The OneLedger team was at the Blockchain Futurist Conference in Toronto, Canada, on August 13 and 14. With the event taking place in the tech-hub of Canada, we knew we had to be there. Our team had a booth at the event. While we interacted with many professionals from the blockchain industry, it was also a pleasure to educate the newbies starting their journey in blockchain. There were plenty of companies from sectors like supply chain, real estate, insurance, telecom etc. looking for ideal use cases where blockchain could be implemented.

Our team engaged in a couple of interviews as well as met some trendy Blockchain influencers.

Last but not least, it was our time to present OneLedger to the audience. Our main objective was to educate the masses about 'What is OneLedger? What are the solutions we are providing to enterprises? How can our technology be applied in different industry segments?'
This presentation was given by the OneLedger Business Development Executive, Sina Ghashghaei.

The full video of the presentation will be released soon.
Thank you for supporting us.

https://www.oneledger.io/blog/oneledger-at-the-blockchain-futurist-conference

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Development Update

https://www.oneledger.io/blog/development-update4

In this sprint, we focused on the Lynx Engine and OneWallet.

The list of changes include:
Protocol v0.10.12

Features:

- OneWallet

Offline Tx Generation
Faucet Integration with Wallet UI
Update the Electron App with common changes needed for Chrome Extension
Completed SDK support for fetching account history

- Lynx Engine

BTC lock & redeem redesigned
Completed BTC lock (multi-signature integration pending)
Completed setting up Devnet for ETH

In the next sprint, we will work on the following:

1. Wallet UI revamp

2. Lock ETH

3. Redeem BTC

4. Setup Devnet for BTC for Lynx Testing

https://www.oneledger.io/blog/development-update4

OneLedger

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Hey Ledgerians,

OneLedger's Business Development Executive, Sina Ghashghaei, will be representing us at the Blockchain Futurist Conference.
We are looking forward to this speech, are you? 😄

----------------------------------

https://www.oneledger.io/blog/oneledger-mainnet-rollout

Hey Ledgerians,

July was filled with lots of exciting news and announcements. We featured in a couple of interviews; we released the load testing results; the OneLedger Hack-Week took place, etc.
Now, we would like to give you a final update for this month.
As we move closer towards our mainnet launch, we would like to present our plan for rolling out the OneLedger Mainnet.

OneLedger Mainnet Rollout

Through this article, we would like to update you with some crucial future Development milestones.

Introducing 'Kainos'

Hailing from the Greek origins, Kainos means 'new' or 'fresh.'
Kainos, as the name implies, will mark a significant transition for OneLedger's technical development. It will redefine why our project had started initially, and provide businesses with the first step to bridge the centralized and the decentralized systems.

Kainos will contain new features on our platform. During this phase, the following implementations will take place:
⁃ OneWallet
- Extending OneVault for interoperability
- Extending SDK for interoperability
- Lynx Engine: Module that facilitates interoperability
- Transaction Fees Management
- Multi-Signature

- Blockchain State Snapshot
- OneExplorer Revamp
- Kainos Release

Once Kainos has launched, we will begin the token migration process from ERC20 to our native token. The OneLedger protocol is expected to have an elastic TPS, meaning each side-chain can host up to 4000 TPS (based on our Load Testing Results, https://www.oneledger.io/blog/load-testing-results ), allowing the OneLedger Blockchain to scale with adoption.

We are enterprise-ready now, and this will help us push our product towards businesses. We can develop custom solutions to meet the needs of businesses via this approach and start minimizing the gap between the centralized and the decentralized world.

After conducting extensive R&D, we have decided to launch Kainos in Q4 2019. Kainos will be followed by another phase, as described below.

---------------------------------------------

Introducing 'Kratos'

Kratos will take the OneLedger technical development to the next level. Kratos means 'strength' in Greek.

With the launch of Kratos, we will be establishing ourselves as a significant player in the blockchain world. Developers can build Dapps; the community can stake; interoperability will be a norm; these are just a few features we intend to implement.

Leading up to Kratos will include the following implementations:
- Token Migration
- Event Triggers
- Staking
- Governance

- More Dapps
- Kratos Release

The development of Kratos will take place in Q1/Q2 of 2020.

As always, we will keep publishing biweekly development updates as we continue our journey towards building a truly interoperable blockchain.

https://www.oneledger.io/blog/oneledger-mainnet-rollout

OneLedger

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OneLedger Technology Inc.

Hey Ledgerians,

OneLedger is an official sponsor of the Blockchain Futurist Conference.
Speaker announcement to be made soon.
We welcome you to join us for this conference.

Let’s bring blockchain to the world!!

OneLedger

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OneWallet Beta Launch

https://www.oneledger.io/blog/onewallet-beta-launch

We are launching the Beta version of OneWallet on August 31, 2019, and we want you to be a part of this process. The selected group of users will be able to test the wallet for bugs and provide feedback on the current and future versions of the wallet.
We want all our products to be community-driven, and it is essential to get valuable input from the community.

Conditions:
1. Numbers of Beta Testers = 100
- In case of more than 100 signups, preference will go to users who have been actively participating in our Telegram channel or interacting with the OneLedger Twitter account

-The remaining users will be selected through a random selection process
2. Top 10 people with the most valuable feedback will receive rewards in OLT (to be disclosed at a later date)

To sign up as a Beta tester, https://www.oneledger.io/products/onewallet

After you have signed up, sit back and relax. More details regarding the testing process will be sent to your email closer to the launch date.

https://www.oneledger.io/products/onewallet
https://www.oneledger.io/products/onewallet

OneLedger

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OneLedger Technology Inc.

https://www.oneledger.io/blog/newsletter22

Load Testing, Hack-Week, BiTA partnership and much more...

Hello Ledgerians,

Hope you are having a great day! We had promised you that July would be an action-packed month in terms of news. Well, we have already announced quite a few things, and guess what, the month is still not over yet. There is lots more to come. But for now, let's give you a quick recap of what we covered in the last two weeks in terms of Development, Marketing and Community, and Partnerships.

1. In this sprint, we focused on the Lynx Engine and OneExplorer.

https://www.oneledger.io/blog/development-update2

2. Our Development team recently conducted a Hack-Week to test various features of our platform.

https://www.oneledger.io/blog/oneledger-hack-week

https://www.youtube.com/watch?v=gncqWbGVYh8&

3. Our Development Team recently performed Load Testing to test the viability of the network.

https://www.oneledger.io/blog/load-testing-results

4. A new team member has joined the OneLedger family. Meet Freddi Li, the Software Developer at OneLedger.

https://www.oneledger.io/blog/oneledger_freddyli

1. Listen to our Director of Product, Aly Kassam, on the Evolvement Podcast with Michael Nye. They had a very interesting conversation regarding the future of blockchain technology and how blockchain will have a severe impact on businesses.

https://www.youtube.com/watch?v=IMYKkm2n6YU&

2. A new marketing member has been added to our team. Meet Tonya Montague, the Marketing Manager at OneLedger.

https://www.oneledger.io/blog/meet-tonya-montague

1. OneLedger has joined the Blockchain in Transport Alliance (BiTA). Our team will be contributing to the standards set for blockchain in the freight and the supply-chain industries.

https://www.freightwaves.com/news/oneledger-is-latest-blockchain-in-transport-alliance-member

2. We are proud to announce a partnership with Shyft Network.

Shyft is a blockchain-powered network designed to aggregate all existing protocols, with the ultimate goal of acting as a universal layer to join disparate ecosystems.

https://www.oneledger.io/blog/oneledger_shyft

https://www.oneledger.io/blog/newsletter22

gembira

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Just read tockenomics paper. But I don't understand everything... Min requiments for validators is 3m OLT, but how many is for delegators min requiments?

OneLedger

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Hey Ledgerians,

Check out this interview of the OneLedger team with Blockchain Brad.
Aly and Pavan discuss the applications of blockchain technology in business. If you want to know more about OneLedger’s business and development side, then this video is a must watch.

Show your support by sharing it across all social media channels 😊

Video: https://youtu.be/KSXyrJ-z-u0

--------------------------------------

Are you excited for OneWallet? 😄 Registrations will open soon 🔥

---------------------------------------

Hey Ledgerians,

The OneLedger Tokenomics paper is out now. You can download it from our website or click the link below.
Read to find out more about staking, Governance, Validator requirements etc.
For any questions, feel free to ask us on our Telegram official group.

Tokenomics:

https://www.oneledger.io/hubfs/Website/Tokenomics/Tokenomics.pdf

OneLedger

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OneLedger Hack-Week

https://www.oneledger.io/blog/oneledger-hack-week

Hey Ledgerians,

Recently, the OneLedger Development team conducted an internal Hack-Week. The goal of this was to test the developer-friendliness and the enterprise-readiness of the OneLedger protocol. Our team decided to implement a Domain Name Space functionality on top of the OneLedger protocol. This functionality will serve as an added feature in the OneWallet. Beta testers of OneWallet are sure to utilize this feature (its coming soon...).

Pick-a-Domain is OneLedger's Domain Naming Service where the community can buy and sell domains utilizing OLT as the currency. Each of these domains could be mapped to a public address. These domains will make it easier for the users to facilitate transactions by sending to actual usernames instead of remembering the long 0x03Hg4... hash addresses. Yes, our main intention is to build world-class technology, but at the same time, make it very easy for the users to adopt this technology.

Building a cool feature was just one of the purposes of this Hack-Week. Something else which we wanted to accomplish was to:
1. Test the robustness of our protocol. Since this application touches our protocol at a lot of different levels (from the Tx layer to the Database and from the SDK to the Vault) and adds a UI layer on top of it, this is a perfect application to validate our robustness.
2. Test the developer-friendliness of our platform. With this application, we are aiming to provide tutorials for the developers to be on-boarded on the OneLedger platform and develop their own distributed applications on top of our protocol.

3. Test the OneLedger platform as a source for building many feature-rich applications.

https://youtu.be/gncqWbGVYh8

Watch the OneLedger Full Stack Developer, Oleksandr Kovalov talk about the OneLedger Hack-Week

https://youtu.be/gncqWbGVYh8

OneLedger

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OneLedger Technology Inc.

Hey Ledgerians,

Interesting day at our office today. Our Director of Product, Aly Kassam, gave a presentation on Blockchain Technology and the applications of OneLedger. This session was attended by many people who aren’t familiar with blockchain technology.
The key to increasing adoption is by raising awareness.
Stay tuned. Many news coming your way 🙂

OneLedger

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Meet the OneLedger Team - Tonya Montague

https://www.oneledger.io/blog/meet-tonya-montague

OneLedger is becoming the company to look out for and you can see it through the growth of our team. The ups and downs of the market do not define the progress of our company. OneLedger is continuously growing and every day we are just getting better and better. Let us introduce you to a new team member who will help escalate our marketing initiatives.

Meet Tonya Montague, who is now the Marketing Manager at OneLedger.
Before starting with OneLedger, Tonya spent over 5 years building her career through traditional and digital marketing, helping businesses to build productive relationships, customer loyalty and increase their paying customers. She’s worked closely with a broad range of clients and coordinated with many teams, and international cargo organizations.

One of her favourite quotes is “What you focus on is what you get”, and that comes as no surprise that she is a very results oriented professional.   

Tonya’s role at OneLedger will involve promoting the brand and our products. Her main focus would be to bridge the gap between the blockchain community, the non-crypto community and the business clients. She said, “The traditional marketing model tends to talk at people and what we’re hoping to do at OneLedger is to create content that speaks with our target audience because this will be key in bringing blockchain technology from the background to the forefront with OneLedger leading the way.”

The OneLedger team is proud to bring Tonya Montague on-board. We're excited to be working with such a talented individual and look forward to growing OneLedger together.

https://www.oneledger.io/blog/meet-tonya-montague

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Load Testing Results

https://www.oneledger.io/blog/load-testing-results

OVERVIEW

OneLedger Technology Inc.1 as a company, is established to provide a universal protocol that enables interoperability across various blockchains. We aim to be the first truly interoperable blockchain, with a focus on scalability and fault tolerance.
We use Tendermint2 as our consensus engine. Tendermint provides us with a Byzantine Fault Tolerant State Machine that can withstand failure of 1/3rd of the machines in the network. Our unique approach helps us to easily facilitate both public permissionless and private permissioned blockchains.
We recently conducted Load Testing as part of the ongoing effort to test the effectiveness of our public blockchain. This paper aims to discuss the Load Testing methodology and metrics in detail for our public blockchain.

AIM

Discuss the Load Testing methodology

Explain the Load Testing results

NEED FOR LOAD TESTING

OneLedger is built on top of the Tendermint consensus layer which uses a PBFT consensus model. OneLedger protocol benefits from it to build Delegated Proof of Stake (DPoS) model. Validators stake OLT in order to gain a chance to be a block proposer. This model is much faster than PoW3 model, where the participating nodes compete to solve a complex mathematical puzzle to become the block proposer. Tendermint goes through 4 stages4 (Propose, Pre-Vote, Pre-Commit and Commit) before each block is committed. There are many messages being exchanged among all the Validators in each of these stages. OneLedger is committed to providing the best possible experience for the community. In this regard, it is highly important for us to figure out how the network behaves under different load conditions. This helps us to be adequately prepared for future milestones such as the Mainnet.

LOAD TESTING METHODOLOGY

This load test is performed on the Google Cloud Platform. All the VM’s we used have 8 CPUs and 16 Gb RAM for the purpose of this load test. We have experimented with varying Number of Validators and the Mempool5.

The block size is set to 21 Mb, our transaction size is roughly 186 bytes for each transaction, which means a block could hold more than 110,000 transactions. As discussed above, Tendermint goes through 4 stages for each block, as part of its commit process. The time interval for each stage is set to the following values:

Figure 1: 4 stages of Tendermint (per block), as per OneLedger's configuration

Propose - 3 seconds (Each Validator waits for 3 seconds maximum for a new block to be proposed)

Pre-Vote - 1 second (Each Validator waits for 1 second maximum for votes from other Validators)

Pre-Commit - 1 second (Each Validator waits for 1 second maximum for receiving all the Pre-Commits)

Commit - 1 second (Each Validator waits for 1 second after committing a block, which means the block time interval is minimum 1 second)

We started with 2 Validators and tested for Mempool with a number of transactions in the Mempool varying from 100, 1000, 5000, 10000, 50000 and 100000. We repeated the same test with 4, 8, 16, 32 and 64 Validators.

For each test, we have bombarded each Validator with 1000-4000 transactions per second simultaneously across all the Validators.

RESULTS

The number of validators is plotted on the X-axis and the Transactions per second (TPS) is plotted on the Y-axis. Each line represents Mempool configuration with a different value.

Inference

We have consistently hit TPS of more than 4000. The great thing here though is that this TPS is just with our main chain. With our side chain in place, we can have a TPS of 4000 for each and every side chain. Therefore, we have the capability of adding side chains to balance our load and thus our TPS would have no boundaries.

If we keep Mempool constant and increase the number of Validators, the TPS increases/stays roughly similar until the number of Validators is 16 and decreases post that. The reason for this behaviour is obvious. With more Validators, it takes more time for message exchange and to reach a consensus.

If we keep the number of Validators same and increase the mempool, TPS increases till the mempool is 50000 and decreases post that. The reason for this behavior is because, the bigger the mempool, the higher the number of transactions in a block. The higher the transactions in a block, the more time each Validator takes to verify them. Thus the Validators start timing out waiting for Votes from other Validators, and a new block gets proposed after the timeout.

During the whole load test, the CPU and memory usage was always under 40-50% in each of the nodes, meaning testing with smaller VMs should achieve similar results.

If you would like to learn more about OneLedger's Load Testing results, feel free to contact us on our Telegram Dev Channel.

https://www.oneledger.io/blog/load-testing-results

1 OneLedger Technology Inc. is referred to as "OneLedger" for all purposes moving forward in this paper

2 More info about Tendermint, https://www.tendermint.com/

3 PoW means Proof of Work Consensus Model

4 https://www.tendermint.com/docs/introduction/what-is-tendermint.html#consensus-overview for more details

5 Mempool is the shared memory pool which acts as intermediate storage for all the transactions passed to the network

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Development Update

https://www.oneledger.io/blog/development-update2

In this sprint, we focused on the Lynx Engine and OneExplorer.

The list of changes include:
Protocol v0.10.8

Features

Started POC for Multi-Sig

Lynx Engine:

- Locking Tx for BTC

- Implementation breakdown for ETH
- Started Redeem functionality breakdown for BTC
OneExplorer:

- Updated Explorer to work with current version of Chronos
- Setup Staging environments for OneExplorer on Devnet
Unit Testing

- Identity and Application packages
In the next sprint, we will continue our work on the Lynx Engine, complete the Domain Name Service offering and complete the R&D phase for multi-sig.

Topic: [ANN] ✨ OneLedger ✨ A Business Modularization Blockchain Protocol - page 4. (Read 23658 times)