The issue of app developers’ inability to successfully integrate blockchain technologies into their main infrastructure has been a cause for concern. As a matter of fact, developers have always needed an effective way to have a decentralised payment gateway integrated into the custom payment scheme of their application with the ability to accept all cryptocurrencies. OPEN is looking to solve this problem by creating a dependable ecosystem that will allow all app developers to be able to use customized payment schemes through the network that is decentralized as well as accept payments in different cryptocurrencies.

One of the most amazing things about OPEN is how it’s entire ecosystem works to unify all protocols, from ETH to NEO and more. It does this by making it possible for developers and users on the ecosystem to be able to use and convert payment values to various cryptocurrencies during in-app transactions with the use of the OPEN wallet or the developer’s wallet. This makes for a very flexible means of transaction within the OPEN ecosystem, a functionality that is sure to excite both developers and users alike. OPEN works to unify all protocols with the flexibility of its wallet. Developers who use the open wallet are able to convert payments to any blockchain protocol they desire including, but not limited to, BTC, ETH, and NEO.

OPEN Wallet

This is a storage system that allows all kinds of cryptocurrencies, including ETH, NEO, BTC etc. It also stores the open_states the user purchased via the OPEN API. The OPEN wallet is quite flexible, allowing a developer to integrate with any wallet he desires.

Developer’s Wallet

The developer’s wallet is the wallet where funds from the user are transferred into by the developer’s scaffold. As opposed to the OPEN wallet which allows developers to choose any wallet, the developer’s wallet recommends that the developer makes use of the OPEN wallet. This is because of the OPEN wallet’s ability to leverage OmiseGO SDK. The OmiseGO SDK is essential because it has an in-built decentralised cryptocurrency exchange including a wonderful community support. With the help of the OmiseGO wallet SDK, the developer is able to convert any value that is sent to his scaffold to any cryptocurrency of his choice.

Without further delay, here is an illustration of how OPEN works it’s magic through its blockchain ecosystem to provide it’s users with efficient payment schemes and its unification of blockchain protocols.

Developer: Application developers who want to add a payment method for users who wish to make in app purchases and payments on their applications are able to use the OPEN platform as a means of managing their payment protocols. This is done by creating a Scaffold. With the help of the OPEN API, the developer is able to include a pricing scheme that will give the users of the app an access to their purchases on the developer’s database for a fee. The developer is then able to use the scaffold with OPEN API. by buying OPEN tokens and adding a particular amount of the tokens into the Scaffold.

Users: When a user wants to make an in-app transaction through the OPEN platform, the user generates an OPEN wallet with the help of the OPEN API. The user is able to send the payments via the OPEN wallet. The OPEN wallet then sends the user’s payment and purchase request to the developer’s scaffold. The developer’s scaffold receives the user’s payment and confirms if the user is paying the right amount of money for the purchase. When the user’s payment has been validated, the developer’s Scaffold will generate an OPEN State instance with the required elements, and then transfer it to the user’s OPEN Wallet. The OPEN API then sends a notification to the developer’s database showing that there is now an update and that it can provide the developer with the freedom to confirm the update’s validity. This is done by making sure that there is a. record of it on the blockchain. The developer receives the value from the user in ETH, for example, and is able to convert the value to fiat or any cryptocurrency of choice instantly, with the help of the OPEN wallet.

With the OPEN platform, developers can now freely create, and users will have no worries.