Cryptocurrency also known as digital currency and blockchain technology is the new revolution in this new era. Although cryptocurrency is gaining a lot of media news, some people still see cryptocurrency (digital currency) as a hanging project which will be dying off very soon. Think of the Blockchain as a set of records, called Blocks. Each of these blocks is connected to one another, hence the name, Blockchain. Each of these blocks contains a list of transactions completed by users worldwide. Blockchains were designed to be resistant to modifications of data. Once a transaction is recorded onto the blockchain, the data within the block cannot be altered without first altering all of the other blocks in existence. This is considered to be borderline impossible, since it would require the majority of the network to collude and attack its own network. This distributed ledger technology has allowed us to achieve complete decentralized consensus, meaning that we can share value among one another without a central authority or mediator.
There are about hundreds of cryptocurrencies with some using different blockchains. Cryptocurrency is gradually been recognized by the world as a means to use in trading and exchange for goods and services. Blockchain technology is the platform on which cryptocurrencies operates and help in the storage of transaction data. Blockchains are suitable for more than simple financial transactions. They are suitable for many other applications that require secure databases, such as maintaining medical records, identity management, food traceability, and even voting systems. We are in the midst of something greater than many can imagine. The internet has allowed us to communicate knowledge among one another, blockchain has allowed us to share hard earned value between one another in a completely decentralized manner. If you don’t think that’s some revolutionary stuff, I must be crazy.
If all cryptocurrencies can use only one ultimate blockchain platform will the crypto-world be better?
Ohni is a project aim in uniting all cryptocurrencies through making it possible for all cryptocurrencies to use one ultimate blockchain platform.
Ohni aims at providing a secure and open sourced system designed around user feedback, maintaining and improving user data rights and security universally. Ohni will provide a fast a reliable network to users worldwide and connect everyone around the world together via a blockchain technology.
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