OCEAN (O/CEA) is a decentralized platform that offers users access to an array of financial services and products. It was created by the OCEA Foundation, which is based in Singapore, as a means to provide people with more secure and efficient options for managing their money.
The main purpose of OCEAN is to enable individuals to securely store and manage their digital assets such as cryptocurrencies, tokens, securities, commodities, or any other type of asset on the blockchain. Additionally it provides users with access to various types of financial products including insurance policies, loans & credit cards, and wealth management tools.
At its core OCEAN runs on a permissionless distributed ledger system called Ethereum’s Blockchain technology. This allows users complete autonomy over their digital funds without having them be subject to any third party control or interference. Transactions made through the network are also highly secured thanks to advanced encryption techniques such as multi-signature authentication protocols which help ensure user privacy while preventing fraudulent activities from taking place within the system.
In addition to being secure and transparent due its decentralised nature , OCEA also supports an open API protocol allowing developers from around the world build custom applications tailored towards specific needs or use cases related finance industry . The platform also provides developers access variety different development tools such smart contracts , decentralized exchanges frameworks security audit systems etc . Additionally it has implemented key features like atomic swaps currency agnostic transactions atomic payments so that users can easily transfer funds between multiple blockchains .
Finally , one last noteworthy feature offered by Ocean is its tokenized rewards program known ‘Ocean Tokens’ which allow holders earn rewards every time they carry out certain actions within network .
