Review on OST by Toprak Dere
About OST
OST (OST) is an Ethereum network-based cryptocurrency and blockchain project focused on developing API and SDKs for developers. The team, which aims to make organizations and businesses more active worldwide and to do them on a blockchain-based basis, is among the projects that entered the crypto money industry early.
OST Coin recognizes that the development of the digital community will be through developers. For this reason, it is known that OST Coin, which provides SDK and API support to developers for the production and development of new blockchain-based projects, offers everyone the opportunity to produce and develop their own digital currency. Despite the fact that OST Token is based on Ethereum network for decentralized applications, the solutions it offers focused on side networks also cause the transaction fees to decrease significantly and developers to take steps without getting stuck in this obstacle.
Many developers are making serious expenses to develop a cryptocurrency project from scratch, and is wasting both cost and time for the SDK alone. The OST Coin team believes that by presenting these in draft form, the digital ecosystem can develop much faster and permanently.
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Pros
- I think the OST platform will power both businesses and consumers. For this reason, the future of OST coin is bright.
- One of the goals of the OST coin is to reduce the congestion of the Ethereum Blockchain. It does this through the OpenST Mosaic protocol. OpenST Mosaic offers metablockchains to enable internet-level throughput on Ethereum.
- Another goal of the project is to simplify the process of consumer applications building a thriving community based on a branded token incentive. It aims not only to make the technology easily accessible, but also to eliminate the regulatory and financial burdens of creating and maintaining a branded token.
Cons
- OST Coin broke the all-time record during the 2018 bull season and has been quiet ever since.
