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OPEN Price
$0.01172
-2.47%
Market Cap
$11.08M
24H Volume
$5.14M
Circ Supply
945.75M

OPEN Market Stats

  • Price $0.01172
  • 1H Change -5.38%
  • 24H Change -2.47%
  • 7 Day Change -10.67%
Statility

Open Custody Protocol Info

OCP introduces a groundbreaking concept called “Keychain Aggregation” through an innovative relayer mechanism. This system acts as a bridge, connecting applications to a modular, permissionless custody protocol.

Key Features

Mesh Network-like Protocol

  • Enables users to access a variety of key management protocols
  • Operates similarly to a mesh network, enhancing flexibility and reach

Benefits for Developers

  • Simplifies the development process
  • Abstracts away risk and complexity
  • Harmonizes economics of multiple commercial relationships

Core Principles

  1. Modularity: Connects various key management solutions
  2. Decentralization: Provides user access to key generation and transaction signing services

Addressing Industry Challenges

  • Adapts to the increasing number of blockchain networks
  • Meets the growing demand for versatile custody solutions

Real World Asset (RWA) Integration

  • Positioned to support the tokenization of RWAs
  • Potential to facilitate trillions of dollars entering the blockchain ecosystem

By offering a new custody primitive that embraces both modularity and decentralization, OCP aims to transform how custody services are delivered in the blockchain space, particularly as the industry evolves to include more diverse assets and chains.

Open Custody Protocol Technical Info

Open Custody Protocol Intel

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