Features and advantages of Onschain
Unleash the Future
Onschain – Empowering Innovation through Interoperability and Scalability
Data Management and Privacy
AI can help ensure efficient data management and enhanced privacy measures on a blockchain, managing who has access to what data, when, and how it is used.
Smart Contracts
These are self-executing contracts where the terms of agreement are written directly into code. They automatically execute transactions when predefined conditions are met.
Improved Security
AI can enhance the security of a blockchain by identifying unusual patterns and potential threats, increasing resistance to attacks and fraud.
Predictive Analysis
AI can analyze blockchain data to predict future trends, aiding in investment and decision-making processes.
Efficient Scaling
AI can help to optimize blockchain networks as they grow, managing resources effectively and maintaining performance.
Automated Decision Making
AI-driven blockchains can incorporate machine learning to make automated decisions based on the patterns and information it learns from the blockchain.
Web 3.0 Compatible
Web 3.0 represents the upcoming phase in the evolution of the internet. At the heart of this transformation lie decentralization, unrestrictive access, and confidentiality. Onschain is poised to facilitate next-gen Web 3.0 applications that will leverage cutting-edge technologies such as machine learning, distributed ledger technology (DLT), and big data analytics.
Interoperable
Envision wearing your beloved game jersey at a metaverse music festival! This exemplifies interoperability. The ability to seamlessly transition between different blockchains or from one gaming metaverse to another, like a metaverse food park, is the way of the future. Onshain's provision of interoperability will offer a truly unique user experience that is currently uncharted territory.
High throughput
Onschain boasts a block time of approximately 3 seconds, resulting in rapid transaction completion. The distinguishing factor between blockchains often lies in their speed. Onschain's exceptional velocity is made possible through the implementation of a proof-of-stake consensus algorithm.
Modular
Onschain is confident that blockchain will emerge as one of the most prominent technologies in the future. It is not limited to cryptocurrencies and DeFi platforms, but also extends to real-world applications. The modular design of Onschain will facilitate this expansion and integration.
Introducing Ons Token
The Onschain's native currency is ONS. All activities on the Onschain are either conducted by staking ONS or making payments with ONS. In order to execute a transaction on the Onschain, transaction fees must be paid using ONS.
The initial circulating supply of ONS is set at 21 million. Additional tokens will be minted annually based on the inflation/deflation index. Detailed token economics will be outlined in the whitepaper.
Besides securing the network and facilitating transaction fees, ONS offers various other utilities, including governance, payments, and reward distribution, among others.
A deep dive into the future of ONSChain
Our Vision with blockchain as a technology is not just limited to just a cryptocurrency or DeFi platforms but a much more comprehensive application merging the virtual and physical worlds.
Secured
What ensures the security of the Onschain? The key lies in the validators' staked Lycan coins. Any fraudulent activity or error committed by validators can lead to the seizure and destruction of their coins.
Bridge
Developers have the ability to quickly convert their existing Ethereum-based dApps, significantly enhancing performance and reducing expenses thanks to the EVM-compatible architecture.
Scalable
Onschain is capable of processing up to 5,000 transactions per second. Its compatibility with Web 3.0, high throughput, low cost, and scalability make it an attractive platform for the community to launch and grow their businesses on Onschain.
Smart contract and Tooling
The Onschain's EVM compatibility offers significant benefits. As previously mentioned, it not only enables interoperability between blockchains, but also grants access to a wide range of pre-built tools designed for EVM-compatible blockchains.
