OPEN is happy to announce Danhua Capital as the most recent supporter of OPEN Platform.
Also referred to as DHVC, Danhua Capital is a California-based enterprise capital fund that makes a speciality of serving to revolutionary tech startups of their early phases. At all times all in favour of supporting new and groundbreaking concepts, Danhua holds greater than $700 million in capital that it makes use of to finance cutting-edge tasks and know-how.
Since 2013, Danhua Capital has backed quite a lot of disruptive and revolutionary tasks in robotics, large information, synthetic know-how, digital actuality, and extra. Extra lately, the agency grew to become an early investor in lots of big-name blockchain tasks, together with NEO, Zilliqua, Aelf, and Ontology. These 4 Danhua-backed blockchain firms have every had valuations bigger than $1 billion.
Danhua’s help of OPEN Platform, the world’s first decentralized fee gateway for functions and on-line transactions, additional legitimizes the significance of blockchain know-how. Not solely does OPEN Platform make it simpler for customers to pay for subscriptions and on-line purchases, it additionally empowers utility builders by making blockchain accessible to everybody, no matter their expertise working with chain-specific languages like Solidity.
OPEN’s partnership with Danhua is very important due to the agency’s historical past with overachieving purchasers. Most of the tasks supported by Danhua benefitted from main success instantly after their partnerships. Greater than 10 of Danhua’s portfolio firms went on to realize $1 billion or extra valuation shortly after partnering. It is because Danhua Capital rigorously selects which firms and tasks they work with, taking a look at which potential companions are essentially the most revolutionary and disruptive. Actually, one of many foremost the explanation why Danhua was drawn to OPEN Platform was due to its accessibility. Builders can simply combine the decentralized fee gateway into their new and current functions with none expertise programming blockchain functions and sensible contracts.
OPEN is happy that such an influential agency shares their imaginative and prescient for mainstream blockchain adoption. The OPEN workforce is dedicated to making a world the place anybody can use cryptocurrencies to pay for functions, subscriptions, and in-app content material. OPEN Platform goals to make on-line cryptocurrency transactions as handy and simple as buying with fiat currencies.
At present, there’s a distinction between typical functions and decentralized functions (dApps), which function solely on the blockchain. Sooner or later, it’s way more seemingly that functions will take a middle-ground strategy and function each on and off of the blockchain. OPEN understands that the longer term won’t be 100% decentralized, nor will the know-how of tomorrow retailer and retrieve all its information from the identical centralized servers that it’s utilizing at the moment. OPEN Platform intends to pave the best way for future functions through the use of blockchain know-how as a kernel to course of funds, problem property, and improve transparency whereas centralized databases do the precise computation.
OPEN Platform works on and off the blockchain resulting from the truth that it may course of information saved on each centralized and decentralized networks by seamlessly speaking between the 2 networks. That is achieved because of:
- Developer instruments and off-chain APIs that take away the difficulties and boundaries inside blockchain know-how
- On-chain Scaffolds that make OPEN Platform blockchain agnostic by creating interoperability throughout blockchains within the OPEN ecosystem
- The OPEN Chain, a high-throughput blockchain containing the OPEN Speedy Consensus mechanism
- The Blockchain Load Balancing Protocol, which is employed to maximise throughput
The tip result’s a one-of-a-kind fee gateway that allows customers to make use of liquid, digital forex to purchase digital property.