Review on OneLedger by Danh Huỳnh Ngọc Công
OneLedger - Another cross-chain project focusing on the side chains!
OneLedger is a cross-chain agnostic protocol that focusing on different mechanism integrity to enhance the flexibility, security, heterogeneity, and interoperation of its blockchain and other sidechains. The performance of this blockchain is more impressive and scalable thanks to the practical Byzantine Fault Tolerant mechanism while the design of infrastructure allows the consensus on both OneLedger blockchain and the connected sidechains facilitating the interaction between. The final target of the project is to become an environment for small businesses and enterprises to build their own blockchain with the provided tools and codebase so they can operate more effectively. Besides the competitive advantages, there are still some drawbacks about this project.
Pros
- Individuals, small businesses or enterprises can build their own blockchain (including the same properties of OneLedger blockchain, assets, wallets, and the credit system they want)
- The conventional businesses can easily switch to the model of OpenLedger
- Data sharing turns out to be scalable, simplistic, and reliable thanks to the infrastructure
- It has a clear economy for its own token - OLT
- OpenLedger is a good protocol to build the DApps on
- Transparency and traceability can be switched on to facilitate the nature of businesses
Cons
- The idea is the same as a lot of existing projects on the market. The low liquidity on the various exchanges has somehow proven that the community hardly feel hype about his project
- Currently, the volume is low and this is not a good sign
- The project seems unprogressive to most of people as the development, the MVP and the interaction with the community are somehow insufficient
