Open Money Is Creating An API Platform
Open Money Is Creating An API Platform
Open Money is creating a developer-centric API platform to facilitate the adoption of mainstream block chain software, labeled as the OPEN platform. We are focusing on developing infrastructure for conventional software developers to operate with cryptocurrency and blockchain technologies. Our approach is to build the initial elements required by any new software ecosystem, providing solutions for monetization and distribution. Our technical goal is to remove barriers for developers seeking to take advantage of the billions of dollars worth of net currencies that are inherently digital.
Using software design practices based on familiar applications for developers, such as user account-based architecture, the OPEN platform will allow developers to accept user-side encryption for in-app purchases, regardless of application store dependency. In this way, we will unite the worlds of crypto and mainstream software, in an approach that can easily connect to existing product architectures. Our goal is not to create a decentralized application store but to generate a set of tangible resources and solutions that we, as experienced developers, are needed to usher in the new era in which there is consumer cryptography and business use. Our features and product direction simply address the bottlenecks in the adoption of encryption experienced by all software developers. Providing solutions to these issues in the form of unique APIs and SDKs around digital token acceptance and distribution will provide developers with an easy way to bring their fiat-based products to an equally lucrative market. Vice versa, software developers through our APIs and SDKs will be able to develop new products and services with capabilities or use of blocking and encryption technologies in everyday lives.
What is an API?
Both APIs and SDKs play an important role in the software development process. As the name suggests, API acts as an interface between different applications or platforms and helps different software programs to interact with each other. An API generally consists of specifications that can be used to interface different software programs that run on a single application or hardware.
What is an SDK?
On the other hand, SDK, also known among systems professionals as devkit, is a set of development tools and prerecorded code that can be used by developers to create applications. SDKs generally help reduce the amount of effort and time it would take for professionals to write their own codes.
Can APIs and SDKs work together?
Basically, an API provides an interface for users to access the underlying features and features of the platform. An SDK can provide a set of tools, ancillary classes (for example, additional code that simplifies access to an API), specific language links, and sample code to help users develop and use the API. In general, you can have a single API exposing a set of features and having multiple SDKs to access the API. So the answer is yes, APIs and SDKs can work together!
What are the main differences between API and SDK?
To further clarify the concepts and demonstrate the difference between them, see this simple summary using game application development:
An SDK typically includes tools along with APIs. In some cases, the SDK may include special development hardware – consider video game consoles, for example. Some examples of tools packaged with SDKs generally include compilers, media creation tools (eg, codecs, video reps, or 3D modeling software in the case of game application development), and debuggers. On the other hand, APIs are sets of functions that expose software functionality that the programmer is writing. A developer will write code that interacts with APIs, but it will also use the SDK to complete the product and deploy it on the platform of your choice (for example Google App Engine, Java VM or PlayStation 3)
The OPEN Platform API and SDKs are centered around an infrastructure-based initiative within the blockchain stack. Projects that use the initial supply of financing currencies for tangible infrastructure offerings were highly rewarded by the investing public and the biggest block enthusiast because of their favorable nature in the use or development of the block chain.
Context of the market
According to the Gartner Group, in 2016, the global software industry grew 6 percent to $ 300 billion. In this market, consumer applications represent the fastest growing segments. This includes the market for gaming applications, a market highly encouraged to accept encryption as they are immediately liquid and digital. In addition, encryption is performed in large numbers by a demographic overlapping that also uses smart phones and applications.
A significant number of encryption portfolios currently available are used through applications on smart phones, where applications hold and exchange those currencies between other portfolios and their respective wallet addresses. However, the gaming application market has many bottlenecks in the acceptance of encryption and therefore roadblocks in the use of locking chain technologies and cryptocurrency. The global gaming market is expected to reach $ 108.9 billion in 2017, an increase of 7.8 percent over the previous year, and mobile gaming alone accounts for 42 percent of that growth. AsiaPacific is the largest gaming region, accounting for a quarter of all revenue, underscoring the importance of a payment solution that knows no international boundary. Appboy estimates that in-app purchases account for a large part of the mobile gaming market of nearly $ 46 billion, projecting that 2017 will see $ 37 billion collected through in-app purchases.
OPEN Platform – Monetization Features OPEN Platform API will initially focus on creating monetization capabilities that enable developers to transition their products only by accepting fiat to accept encryption across the web and mobile. Initially, three product features will be supported in the OPEN API Platforms, around accepting cryptocurrency
Distribution Distribution will be the next feature built into our platform, given the benefits of a flexible API product. By supporting developer success with a set of tools built into the OPEN platform, distribution is a natural extension of our platform and is vertically aligned with monetization. Given our pre-existing relationship with developers through our open platform, Open Money will publish a distribution technology that will serve as the first of its kind for applications and developers using cryptocurrency with the OPEN platform. This should not be confused with a decentralized application store – we believe in offering application developers who want to embrace the decentralized nature of the block chain within the design of their application, the ability to self-host on their own platform or third-party platform . With this approach, a customer development phase will be conducted in the architecture and design of this feature of the OPEN platform to ensure that it is launched on demand.
Key infrastructure projects include:
• NEO’s approach to a commerce-focused open source blockchain
• IOTA’s distributed ledger is built to provide the foundation support of the Internet Of Things infrastructure
• OmiseGo, coin wallet infrastructure enabling the development of crypto wallets
• LISK, an API used to develop decentralized apps on the blockchain
Infrastructure-based ICOs command a high market capitalization value and maintain intrinsic token value, demonstrating their value by the market. As of early 09/17, the four infrastructure related projects ranging from $ 765 million to $ 2.2 billion in market cap value, which indicates that blockchain investor and shareholders projects appear to highly value infrastructure related projects that tangibly foster support from the blockchain for various uses.
To know the latest information about Open Money project you can visit the link below:
Website : http://go.openmoney.digital/8n6t
Facebook : http://go.openmoney.digital/bfb
Twitter : http://go.openmoney.digital/btw
Telegram : http://go.openmoney.digital/agmv
Slack : http://go.openmoney.digital/bslack
Whitepaper : http://go.openmoney.digital/fxbw
Token Sale : http://go.openmoney.digital/8n6t
Ann Ico : http://go.openmoney.digital/8dm8
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