Crypto Almanac - Part 208 Beginners Guide

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Source. Crypto info.com

What is OST?

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Ost is the Ethereum Application Layer which enables developers to seamlessly embed Ethereum wallets into mainstream applications to benefit from zero-fee micro-transactions.

OST is a blockchain company with the goal of being the technology partner of choice for any type of business, enabling them to create, launch and manage their own branded token. OST handles two crucial hardships for businesses; the underlying technology behind the token and all the legal requirements, such as Know Your Customer (KYC).

The team envisions OST as the Stripe or Amazons Web Services (AWS) of blockchain. Any company interested in a tokenized economy can bypass the headache involved with an ICO and instead easily brand, integrate and manage their own tokens/currency into their app(s) using OST's technology.