BEIJING, Aug. 6, 2018 — August 5th, 2018 – Prominent pioneer in blockchain technology John Milburn, joins ONO, the largest decentralized social network. Milburn will lead the current team, including Matias Romeo and a number of 11 members, working on the Main Net building project.
The former UC Berkeley nuclear engineer behind South Korea’s largest Internet data center and consumer-focused architecture, turned blockchain expert said, “ONO has been engaged and using the EOS platform earlier than most. The Main Net has constraints which make it unsustainable now for ONO’s DApp. Onboarding costs are absurdly high. ONO has now over 200,000 users. To onboard them to the EOS Main Net at $20 per account would cost $4M minimum. The DApp’s smart contract cost would at least double this. It makes absolute sense for ONO to build their own separate net on which to run”. John Milburn has supported ONO’s Main Net project in an advisory capacity since its early days.
The decentralized social network uses EOS.IO to build the Main Net open-source. Main Net will be structured using a series of layers containing the application system, a smart contract, and core structures, guaranteeing users security in regards to the company’s authentication system, while the company’s safe, robust, and egalitarian consensus mechanism, coupled with the Know Your Customer (KYC) compliance, will allow for an equal election process.
Founded in 2017 by Ke Xu, founder of ERA and CryptoDogs, ONO is a social network based on blockchain technology which focuses on the value of attention and offers a free, decentralized social platform to a new generation of social network users. ONO investors include INBlockchain, China Growth Capital, Purple Cow Fund, KIP, Xiongan Fund, and Grand Shores. ONO is headquartered in Beijing, China, with offices in the U.S. and Australia. The social network is governed by 51 Super Partners. Ono empowers its users to retain ownership over their data and fairly compensates content creators for publishing original content.
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