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Ore Network

The Bridge To Mass Blockchain Adoption.
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Finance
Blockchain
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BSC, Ethereum, Polygon ...
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ORE
Publisher
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Ore Network Team
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What is Ore Network?
The Open Rights Exchange (ORE) — built by the Open Rights (OR) Foundation — is designed to enable billions of people around the world to use blockchain applications for the first time within the next five years. Users will easily be able to control their identity, assets and rights across various on-chain and off-chain applications — with a single universal account. This universal account will be able to create and manage wallets on multiple blockchains. Each users’ universal account on ORE will also have the ability to manage their accounts on the centralized web. Next-generation applications, built using the ORE Protocol, will seamlessly connect users’ assets and rights across different blockchains, with the legacy internet and traditional financial infrastructure. The barriers between the decentralized world and centralized world will melt away.

ORE ID
A single ORE ID account will be usable as a wallet on hundreds of blockchains. This is possible because each ORE ID account will hold public and private keypairs for the ED 25519, SR25519 and SECP256K1 and SECP256R1 encryption curves. ORE ID is a largely stateless and trustless sign-on solution. It holds no personally identifiable information (PII), it just holds public keys and active NFTs linked to a given account. All of the data on the ORE Registry will be able to be accessed via API calls or read directly from the blockchain.

ORE Vault
ORE Vault is a shared instantiation of ORE ID for businesses that manage digital assets. ORE Vault requires multiple signatures to approve transactions, and uses the same Trustless Signing Service and ChainJS modules to manage those keys in a user-friendly way, while allowing companies to maintain custody of their own keys. Copyright © 2020 Open Rights Foundation. | 21 This multisig architecture is much safer than using traditional wallets where a single person can lose their key, fall victim to a phishing attack or a disgruntled employee can transfer funds out of the company account.

ORE Active NFTs
The goal of the ORE ID product is to enable global usability and efficacy in fostering trust in using blockchain. However, we know that not everything on the internet belongs on a blockchain. That’s why, the ORE Protocol allows NFTs to be used to manage access control for off-chain APIs — eliminating the technical gap between public blockchains and off-chain services entirely. The ORE Ecosystem is designed to use public blockchains wherever it’s practical and cost-effective and connect to off-chain APIs for everything else. For example, an NFT could provide a license to stream video content, but allow the user to transfer that right to someone else. AI.market, a marketplace for AI data and models, is using this NFT standard to allow many AI data providers in their marketplace, to license access to their data. The data and models are stored off-chain, and the blockchain is used to ensure payment for API calls and data access.

Improving Cross-chain functionality
Our approach with ORE ID has focused on ease of use and cross-chain interoperability. We created our own chain in 2018 to ensure that there was a master account record for each user that is decentralized and selfsovereign. As the market has evolved, it’s become increasingly clear that cross-chain bridges will allow us to migrate our core infrastructure to a more trusted and more decentralized public blockchain to provide greater decentralization for identities and better cross-chain interoperability for business users.
Information
Type
Automated Market Maker
Blockchain
BSC, Ethereum, Polygon
BSC, Ethereum, Polygon
Currency
ORE
Platform
Windows, macOS
Publisher
Ore Network Team
FAQ
Ore Network is a decentralized infrastructure platform that is built on the Polkadot network. It enables developers to create and deploy decentralized applications (DApps) using customizable infrastructure components.
The benefits of using Ore Network include lower costs and higher efficiency in building decentralized applications. Ore Network also provides a seamless user experience by offering a user-friendly interface for developers to create and manage DApps.
Ore Network consists of several infrastructure components, including storage, compute, and identity management. The storage component is built on the IPFS protocol and provides a scalable and decentralized storage solution for DApps. The compute component enables developers to run their DApps in a secure and decentralized environment. The identity management component provides a secure and decentralized way to manage user identities.
Ore Network ensures security by leveraging the underlying security of the Polkadot network. It also uses advanced cryptography and consensus mechanisms to ensure the integrity of the network.
To get started with Ore Network, you can visit their website and join their community. Ore Network also provides detailed documentation and tutorials for developers who want to create and deploy DApps on their platform.
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