Home Coins Ontology (ONT) Ontology Declares Integration with Rosetta, a Coinbase-led Open Supply Mission

Ontology Declares Integration with Rosetta, a Coinbase-led Open Supply Mission

The Ontology Team

Ontology is proud to announce an integration with Rosetta, an open-source undertaking led by Coinbase. We look ahead to contributing our information, engineering expertise, and technical experience, to assist make protocol integration processes simpler.

Backstory

Writing dependable blockchain integrations is sophisticated and time-consuming. The method requires cautious evaluation of the distinctive points of every blockchain and intensive communication with its builders to know the very best methods to deploy nodes, acknowledge deposits, and broadcast transactions. Even a minor misunderstanding can result in downtime, and even worse, incorrect fund attribution. To not point out, this integration have to be constantly modified and examined every time a blockchain group releases new software program.

As an alternative of spending time engaged on their blockchain, undertaking builders spend numerous hours answering comparable help questions for every group integrating their blockchain. With their questions answered, every integrating group then writes an analogous code to interface with the blockchain as a substitute of spending their engineering assets including help for extra blockchain tasks or engaged on distinctive merchandise and functions.

Rosetta goals to ascertain a regular for protocol integration. Launched by Coinbase, Rosetta is a 100% open supply know-how framework for digital wallets, crypto exchanges, and associated platforms aiming to advertise the adoption, collaboration, and wide-spread use of various blockchain options.

Ontology seems ahead to working with the Coinbase and Rosetta groups on this thrilling undertaking. Our information of underlying protocols, interoperability, and pockets improvement will contribute to the expansion of this thrilling undertaking.

About Rosetta

Rosetta is a brand new undertaking to standardize the method of deploying and interacting with blockchains. With an express specification to stick to, all events concerned in blockchain improvement can spend much less time determining find out how to combine with one another and extra time engaged on the novel advances that may push the blockchain ecosystem ahead. In follow, because of this any blockchain undertaking that implements the necessities outlined on this specification will allow exchanges, block explorers, and wallets to combine with a lot much less communication overhead and network-specific work.

Supply hyperlink

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
474FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,583FollowersFollow
2,230SubscribersSubscribe
USD - United States Dollar
EUR
1.17
GBP
1.28
CHF
1.09
NOK
0.11
JPY
0.01
CAD
0.75
AUD
0.72

Most Popular

Austrian gin makers to use blockchain to guarantee bottles’ rarity

The Stin, an Austrian-based gin distiller, is set to use ICON (ICX), South Korea’s largest public blockchain project, to transparently track its supply chain.An...

Bitcoin ATMs Surpass 10,100 Worldwide: Expert Shares Industry Outlook

The bitcoin ATM industry has reached a milestone as the number of machines installed worldwide has surpassed 10,000 after seven years since...

New report says Bitcoin price in ‘more sustainable uptrend’ than 2019

Bitcoin (BTC) hitting its highest in over a year was different from the 2019 bull run because exchange balances fell, a new report says.Published...

Coinfirm in Semi-Final of Hong Kong Fintech Week Global Fast Track Programme – Coinfirm

London, September 22nd – Coinfirm has been shortlisted to the RegTech category from 350 as one of 10 semi-finalists for Hong Kong Fintech...
bitcoin
Bitcoin (BTC) $ 10,482.91
ethereum
Ethereum (ETH) $ 342.02
ripple
XRP (XRP) $ 0.232717
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 214.90
bitcoin-cash-sv
Bitcoin SV (BSV) $ 145.82
litecoin
Litecoin (LTC) $ 43.79
eos
EOS (EOS) $ 2.56
binancecoin
Binance Coin (BNB) $ 24.06
okb
OKB (OKB) $ 5.96
tezos
Tezos (XTZ) $ 2.10
leo-token
LEO Token (LEO) $ 1.23
cardano
Cardano (ADA) $ 0.082120
monero
Monero (XMR) $ 89.01
stellar
Stellar (XLM) $ 0.070616
chainlink
Chainlink (LINK) $ 8.91
huobi-token
Huobi Token (HT) $ 4.51
tron
TRON (TRX) $ 0.024910
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 68.16
neo
NEO (NEO) $ 19.44
iota
IOTA (MIOTA) $ 0.237819
nem
NEM (XEM) $ 0.105598
zcash
Zcash (ZEC) $ 52.58
maker
Maker (MKR) $ 454.90
paxos-standard
Paxos Standard (PAX) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 4.87
vechain
VeChain (VET) $ 0.012651
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 3.62
kucoin-shares
KuCoin Shares (KCS) $ 1.04
waves
Waves (WAVES) $ 2.18