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Public Blockchain Guidelines

The document discusses public versus private blockchains and provides examples of each. A private blockchain allows a single organization control over the network and provides benefits like high security, efficiency, and privacy. A public blockchain network allows anyone to join and participate, providing benefits like full transparency, user empowerment, decentralization, and anonymity. The document also provides information on Polygon, a protocol that addresses Ethereum's scalability issues, and MATIC, Polygon's cryptocurrency token.

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Shahzaib Ahmad
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66 views

Public Blockchain Guidelines

The document discusses public versus private blockchains and provides examples of each. A private blockchain allows a single organization control over the network and provides benefits like high security, efficiency, and privacy. A public blockchain network allows anyone to join and participate, providing benefits like full transparency, user empowerment, decentralization, and anonymity. The document also provides information on Polygon, a protocol that addresses Ethereum's scalability issues, and MATIC, Polygon's cryptocurrency token.

Uploaded by

Shahzaib Ahmad
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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BLOCKCHAIN TECHNOLOGY

Since the beginning of blockchain technology, people have debated


public vs. private blockchain. Knowing the significant differences
between these two is essential in an enterprise environment. Public and
private blockchain examples play a massive role in companies looking
for the perfect blockchain type for their solutions.
WHAT IS A PRIVATE
BLOCKCHAIN?
A private blockchain is a particular type of blockchain
technology where only a single organization has authority
over the Network. So, it means it's not open for the public
to join.

Private blockchains have plenty of benefits:


high security and efficiency, complete privacy, low fees,
etc.
PUBLIC BLOCKCHAIN

A public blockchain network is one that anyone can join whenever


they want. There are no restrictions when it comes to
participation. More so, anyone can see the ledger and participate
in the consensus process.

What is Polygon? How does it function? What is MATIC?


Polygon is a stack of protocols designed Polygon, formerly known as Matic MATIC is Polygon’s native cryptocurrency.
to fix Ethereum’s scalability issues. The network, provides an easy framework for It is an ERC-20 token. A token created on
Polygon network addresses the network’s new and existing blockchain projects to the Ethereum blockchain.
challenges by handling transactions on a build on Ethereum without scalability This token is used to govern and secure
separate Ethereum - compatible issues. By acting as a Layer 2 protocol, the Polygon network and pay the
blockchain. Polygon helps to improve transaction network’s transaction fees.
speeds and lower costs for developers.
THE REASONS

PUBLIC BLOCKCHAIN BENEFITS

HIGH SECURITY IMMUTABLE FULL TRANSPARENCY


The Polygon public blockchain The public blockchain network Nothing can compare to a fully
offers complete security. is fully immutable. Once a transparent platform.
With all the security protocols, block gets on the chain, there
a public blockchain can quickly is no way to change or delete Public blockchain companies
stop all the hacking issues and it. So, it makes sure that no make it fully transparent to
ensure actual value or better one can just alter a specific anyone on the ledger and
data quality for any project. block. allow you to see it anytime.
MORE REASONS
FULL USER EMPOWERMENT

Here, all users are empowered as there is

MORE BENEFITS no central authority to examine their


moves. No corporation can stop you from
downloading the nodes and joining the
consensus.

BETTER IMAGE TRUE DECENTRALIZATION

In a public blockchain, you'll get true

We call this deployment to a public one "a step decentralization. As everyone has a copy of
the ledger, it also creates a distributed
forward." None can impeach the existence and
nature.
functionality of our blockchain.

ANONYMOUS NATURE

Here everyone is anonymous. As it's a


public domain, this feature is mainly for the
safety of one's possessions.
How much time do we have
to deploy accounts?

Public Blockchain deployment is a long process where millions


of accounts are involved. The initial period for deployment is
approx. 6 months (starting on 18. February 2023) and it will
end on 30. September 2023.

During this timeframe, our current private blockchain is


functional as well. This ensures that non-deployed accounts
are still able to make transactions between each other.

ADDITIONAL TIMEFRAME:
The secondary deployment period will start on 1. October
2023.
Why do we need to deploy our accounts?

Having in mind that our current private Etherium-based blockchain will be functional until
30. September 2023, we highly recommend all ONE ECOSYSTEM IMAs transfer their
accounts within the initial timeframe in order to avoid any technical inconveniences* that
might occur after this date.

Bear in mind that all transactions between non-deployed accounts can be processed until
30. September 2023.

Can we deploy later? Will there be differences?

Yes, all IMAs can transfer their Prices for deployment will be
accounts during the second double than the current ones.
stage.
WHAT WILL HAPPEN WITH MY
ACCOUNTS IN CASE I DO NOT
DEPLOY?

• IMAs will continue having access to their accounts.

• Balance of ONEs will remain the same and will be


visible.

• IMAs will have access to the lectures from


Educational modules they have purchased in the
past.

• No transactions will be possible.


PLENTY
OF ACCOUNTS

What if I have more than Shall I transfer them all?


one account?
WHICH ACCOUNTS DO I HAVE TO
DEPLOY?
Each IMA can choose certain accounts to be transferred. In this case, they must pay a fee of
€25 (50% Cash & 50% Reserved cash OR 100% Cash) for each separate account.

IMAs can choose to deploy only important accounts for their network tree. We highly
HOW ABOUT NEWLY REGISTERED
recommend you consider your choice carefully because your network development may
ACCOUNTS?
suffer if you do not migrate all your accounts.

All newly registered accounts (after 18.


Bear in mind that you will always have access to each account and wallet – no matter if they
February 2023) are already part of the
were deployed to the public blockchain. During and after the deployment, transactions
public blockchain and do not need to be
between deployed and non-deployed accounts will not be possible.
deployed additionally.
Each IMA has to consider the Rookie accounts importance to their network and if those
should be deployed at all.
FEES AND PAYMENT

SPECIAL BUNDLE FEE FOR “ALL ACCOUNTS”


TRANSFER

As there are IMAs who have a vast number of accounts in their


personal Networks, we created promotional fees for bundle
transfers.

The fees apply to IMAs who would like to transfer ALL THEIR
ACCOUNTS.
2 OPTIONS FOR PAYMENT

ONE ECOSYSTEM IMAs can choose now


between 2 options for paying their
deployment fee.

01. 50% CASH


50% RESERVED CASH WALLET

02. 100% CASH


100% CASH PAYMENT

To cover your fee for transfer with 100% cash,


click on the circle before Cash Wallet.

After that, the button Purchase becomes


active.

Even though this option might appear as an


only one, if you haven’t chosen it in prior, the
button Purchase will be greyed out and you
won’t be able to finalize the transaction.
TOP UP YOUR CASH WALLET

OPTION 1: TRANSFER THE DESIRED AMOUNT TO ONE OF OUR CRYPTO COMPANY


WALLETS:

->BTC: bc1qyap59m06vpj3p0y9ur936kg65sl6u34nq59gqamamtx5k2t2yvmsq28fjn
-> USDT (TRC20): TTQ978jA7u8HoQdUUWeG1N36kwqiTjmTdy

Write an e-mail to our Accounting Department via [email protected] with the


following information:
* nickname of the account to which the payment should be credited
* screenshot of your personal BTC / USDT wallet where the transaction ID is visible

OPTION 2

1. Go to "My Wallets"
2. Enter the "Top-up Cash Wallet" on the top
3. Choose the amount you want to top up and enter all the requested information
without the " Pay with FIO request (optional)".

Please note that if you decide to top up by BTC it may take some time to process.
OPTION TWO: TOP UP CASH WALLET

CLICK THE BUTTON IN RED AND CHOOSE AN AMOUNT TO TRANSFER


CASH TRANSFER

FOLLOW THE STEPS

CHOOSE AN EXACT AMOUNT YOU WOULD


LIKE TO TOP UP YOUR ACCOUNT WITH

FILL OUT THE INFORMATION


REQUIRED

CAREFULLY READ THE E-MAIL YOU’LL RECEIVE

TRANSFER THE AMOUNT AND WAIT FOR A


CONFIRMATION
TOP UP YOUR ACCOUNT WALLET

ALL CASH TRANSACTIONS BETWEEN ACCOUNTS ARE NOW


FOR FREE

RESERVED CASH WALLET CASH WALLET


IMAs can transfer funds from a Cash transactions between users
Reserved Cash Wallet to another are currently also free of any
one for free! charge!
BLOCKCHAIN DEPLOYMENT

BE PART OF THE

FUTURE

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