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OPEN MONEY IS CREATING AN API PLATFORM.

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.

Key infrastructure projects include:

• NEO’s approach to a business-focused open source blockchain

• IOTA’s distributed ledger is built to provide foundational support for the Internet of

Things infrastructure

• OmisGo, coin wallet infrastructure enabling the development of crypto wallets

• LISK, an API used to develop decentralized applications on the blockchain

Infrastructure-based ICOs command the high market capitalization value and maintain an

intrinsic token value, demonstrating their value by the market. As of early 09/17, the four

infrastructure related projects noted above range from $ 765 million to $ 2.2 billion in market

cap value, which indicates that blockchain project investors and shareholders appear to

highly value infrastructure related projects that tangibly foster support of the blockchain for

various uses.

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.

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.