OST

OpenST is an open sourced framework for deploying scalable token economies.

Background

OpenST is an open-sourced framework for deploying scalable token economies. The project has released two protocols: OpenST for minting Brand Tokens “utility tokens” on layer-2 Ethereum blockchains by staking ERC-20 assets “value tokens” on layer-1 Ethereum, and Mosaic for proving layer-2 transactions at scale back on layer-1.

The OpenST Foundation supports projects that enhance and extend the protocols, and which drive usage and adoption of the platform and network, such as dev.ost.com a set of developer APIs and SDKs and recipes for seamlessly integrating cryptocurrency microtransactions and wallets into any application. An example of OpenST, Mosaic, and dev.ost.com in use is the Pepo app.

OpenST usage and transactions are tracked at ostwatch.com (macro-data) and view.ost.com (transaction-level details).

Technology

The project has released two protocols, OpenST for minting Brand Tokens “utility tokens” on layer-2 Ethereum blockchains by staking ERC-20 assets “value tokens” on layer-1 Ethereum, and Mosaic for proving layer-2 transactions at scale back on layer-1.