IOST OnBlock By Team Oasis Set To Release In Attempt To Lead Mass Adoption Of Crypto Assets


IOST OnBlock May Lead To Crypto Mass Adoption

IOST is an “ultra-fast, decentralized blockchain network based on the next-generation consensus algorithm ‘proof- of believability’ (POB).” The Singapore-based company is seeking to resolve the issue of how to get people to mass adopt bitcoin.

And now, it has released its solution. The platform is scheduled to release a project that will allow everyday internet users to earn and use crypto and all without having to tap into the complexities of cold storage, a private key, or other technical elements.

The technology, called OnBlock, was released on April 28, 2019. According to a Medium post,

“Using OnBlock, users simply require a phone number to use and experience Dapps in the IOST ecosystem. Non-technical users who are unfamiliar with crypto wallets creation or more technical blockchain usage can now freely access and use the IOST blockchain easily without the need to acquire complex technical knowledge.”

Better yet, registration is simple as well. All users need to do so is to use their mobile number. IOST CEO Jimmy Zhong shared with Decrypt Media on the launch and registration,

“Through its hassle-free registration process and the removal of resource-management requirements, such as [Ethereum’s] Gas and [EOS’s] RAM, OnBlock will reinforce IOST’s role in enabling the widespread acceptance and adoption of blockchain technology.”

Upon registering, users will be able to access the technology, blockchain games, and so much more. Dapps are also set to join the platform. The post continues that Endless Game was the first flagship app to launch on the IOST blockchain.

Moreover, Zhong also stated to Decrypt on his vision for IOST and OnBlock,

“Within our first two months of mainnet launch, the growth of the IOST ecosystem has been substantially higher than our peers in their respective corresponding periods, post-mainnet. Multiple dapps continue to be launched online every week on IOST, with new users and accounts growing rapidly With the rollout of OnBlock, IOST can look forward to attracting a wider base of users, further growth in transactions, and a strengthened position among the leading public blockchains today.”

With this effort, everyday users may finally have an easier and more convenient way to access blockchain and cryptocurrency technology, and Dapp adoption rates may improve as well.

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