What is OneRoot Network?
OneRoot is a blockchain technology solutions provider with the goal of helping use of the blockchain to enter the real world. OneRoot particularly hopes to service businesses by building an infrastructure for different industries and allowing them to adopt the blockchain into their business models. They aim to increase the usage of blockchains beyond applications by facilitating the ability of businesses to employ external resources to use the blockchain in their industry. Its system native token, RNT, serves the purpose as acting as a general currency for users of all of the services provided by the OneRoot Network.
History of OneRoot Network
OneRoot was founded in April 2017, releasing its whitepaper in November of that year. The R1 protocol was released in January 2018 and trading of the RNT token opened shortly after. Beta testing of additional components of the OneRoot Network commenced in February. In September 2018, OneRoot obtained the first cryptocurrency financial license issued by the Canadian government. In addition to Canada, OneRoot has active communities in the United States, Korea and China, and an active social media presence. An Ethereum-based token, RNT is currently traded on some of the biggest cryptocurrency exchanges, including OKEx and Bithumb. After testing is finished, the network expects to shift to its own blockchain, whereby RNT tokens will be exchanged for the new, system native token, BXA.
How OneRoot Network Works
The OneRoot Network has several different targets for which their services are aiming to include: increasing efficiency of transactions, creating public chains for new business-related ecosystems, providing technical services for pre-existing ecosystems, and provide a framework for businesses to draw traffic to their networks on a global scale. The network is comprised of a series of tools developed by the OneRoot developers and consists of a decentralized trading protocol, a high-performance public chain, a light wallet user terminal, and its own development software that will help any business utilize the blockchain in their services. The RNT token serves to bridge and connect all the different links of the OneRoot Network.
Why OneRoot Network?
The OneRoot Network is quite different from most other blockchain-based projects and is a highly ambitious project. Some of its goals as a business include:
Provision of a fair and efficient transfer of value. Software previously developed by OneRoot will allow its users to exchange a wide array of assets for the best possible rates available. In essence, they offer improved transaction efficiency for cryptocurrencies and tokens not currently witnessed by classical exchange models.
Diversified array of service targets. OneRoot has a broad customer base in mind, appealing to just about any industry that wishes to improve its business performance by using the blockchain.
Provision of an asset-friendly, high-performance public-chain. The OneRoot Network public chain allows for the seamless addition of data and businesses that can conduct transactions in a fair, transparent and speedy manner.
Offerance of highly sophisticated technical and ecological expansion services. OneRoot is ready to help any business use their network by offering highly customized blockchain solutions.