Comprehensive Introduction of Polkadot - the Heterogeneous Sharding
https://preview.redd.it/bgrn6rycyrg51.jpg?width=1200&format=pjpg&auto=webp&s=431db2a4586709ee404bebbdb184f30564ea6f1e Review: Comprehensive Introduction of Polkadot-Overview (1) Comprehensive Introduction of Polkadot - Cross-Chain Composability (2) We mentioned above that Polkadot is like a plug board with the XCMP data transfer protocol. The blockchains inserted in the plug board can transfer data and asset and interoperate across chains. This is Polkadot’s Cross-chain composability. A friend asked me that in real life, only a few electrical appliances can be plugged into one plug board as plugging in too many appliances may cause fires and explosions as a result of overload. How does Polkadot’s plug board connect unlimited multiple blockchains and maintain the hits per Second (TPS) ) in a high standard. This is the knowledge to be discussed today: the Heterogeneous Sharding of Polkadot. 1. The Dilemma of Ethereum The DEFI ecology of Ethereum is widely expected, but its performance problem has always been a flaw. Remember that 18 years ago, Ethereum experienced serious congestion due to the super-popular game CryptoKitties, and the high transfer fees caused by congestion has become the biggest factor restricting the development of DEFI. As more and more DEFI applications are deployed on Ethereum chain, the performance defects of Ethereum have become more and more obvious. It’s not that Vitalik Buterin is unaware of this problem. There was sharding technology as a solution for a long time. However, as I said in the first article, Ethereum is a building that is nearly completed and it is very difficult to renovate from the foundation. Thus, the sharding technology is lagging behind. How can the Cryptokitty game crash the entire Ethereum network? Because Ethereum is like a large computer, many applications can run on it, its performance is limited, and different applications must compete for execution rights. So once a huge transfer request broke out in a short time from a popular application, the performance of Ethereum will be occupied by this application, causing other applications to be congested. Look at the picture below to understand: https://preview.redd.it/g29x7v4q2sg51.png?width=428&format=png&auto=webp&s=cb7f78feaa541038d9327279ee43ed8286f1de04 In this picture, Ethereum is like a business bank. A group of people are queuing to process the business, but as long as there is a very tough guy (CryptoKitties) stand at the door to occupy the Ethereum business (compete for execution rights), then people who are crowded outside (other applications) will not be able to enjoy the resources of Ethereum. This is the dilemma of Ethereum. It is a closed ecology. With so many applications competing for execution rights on Ethereum, it is impossible to imagine that if hundreds of millions of people use DEFI applications at the same time in the future, how Ethereum can carry the banner of "world computer"! 2. The Heterogeneous Sharding of Polkadot Gavin Wood, the former CTO of Ethereum, has seen through all of this a long time ago. He knew that it was impossible to blast on the Ethereum building and restart it. So, he left Ethereum and created Polkadot to realize the cross-chain communication between blockchains with high TPS. When we buy things in the supermarket, if there is only one cashier, there may be a long line waiting for checkout; if there are two cashiers, the efficiency will be doubled; if there are five cashiers, there may be no need to wait in line. This is the basic logic of sharding. If one person's work is divided among multiple people, the efficiency can be greatly improved. From the perspective of blockchain: Before sharding, there is only one ledger book in Ethereum, which can only process 20 transactions per second. When the transaction volume is greater than this number, it needs to queue up and cause congestion. Sharding is to turn one ledger book into hundreds of ledger books, allowing them to process transactions at the same time. It is equivalent to Polkadot opening hundreds of banks like Ethereum to handle business. Were you shocked? In the introduction to Polkadot’s cross-chain composability, I said that all kinds of blockchains can be inserted into slots and become parachains. Even the completed blockchains like Ethereum and Bitcoin, they can also become a member of the Polkadot’s parachains through the parachain bridges. As shown in the figure below, Polkadot has opened many banks like Ethereum to process business in parallel through relay-chains and parachains. The DEFI application on Ethereum can be completely independent and become a parachain of Polkadot, so it wouldn't be congested anymore. You can imagine what impact this trend will have on Ethereum in the future and what it means for Polkadot. https://preview.redd.it/9xpwbcow4sg51.png?width=1000&format=png&auto=webp&s=85c81f1a0839b4e1eeda7929ac74695b88ffdb64 There is a problem here. If a fishing village, a fruit village, and an Orion village, they all join Polkadot as a parachain. In the past, they used one Ethereum ledger book to keep accounts for three villages and the speed is a bit slow. However, now they are out of Ethereum and changed to use three ledger books separately, then what if the people in the fishing village want to make transactions with the people in the fruit village? They will find that the ledger book has become three books, and they don’t have each other’s’ account information in their respective books. Remember Polkadot’s XCMP data communication protocol mentioned above? The XCMP protocol is to solve the problem of data communication between ledger books. It is not only for cross-chain, but also for the consistency of the ledger book of Polkadot relay-chain. Now, someone would ask, "Hey, Joie, supermarkets pay every cashier they hire, would Polkadot hire hundreds of cashiers without paying?" It is impossible not to pay. To quote the analogy of Bryan Chen co-founder of Acala (Polkadot's first DEFI project): Ethereum built a server with limited performance, while Polkadot built a computer room. At the beginning, there were only 100 servers. You only need to pay a small rent to rent one of them. So, there is a cost to become a Parachain of Polkadot. Polkadot’s parachain slot adopts a lease model. Any project that wants to become a parachain must first go through an auction (IPO.) After winning the bidding, the rent for using the parachain slot need be paid by DOT to officially become a parachain of Polkadot. The lease also needs to be renewed after a certain period. The detailed mechanism will be introduced in our later article. This is Polkadot's heterogeneous sharding. Through heterogeneous sharding, multiple blockchains are connected to a network, allowing them to process transactions in parallel and exchange data between chains, which greatly improves TPS. 3. Unlimited Expansion What if the performance of the Polkadot relay-chain reaches a bottleneck? It is true that the number of parachains connected by Polkadot's relay-chain is limited. After all, the more blockchains connected, the more complicated the data processed by the XCMP protocol. In Polkadot’s design philosophy, the relay-chain can not only connect to the parachain, but also connect to the next level of relay-chain. How great it is! Layer upon layer, unlimited expansion, and finally can connect countless blockchains. This is Polkadot's expansibility. Connecting countless blockchains can still maintain a high TPS. I can no longer describe the power of Polkadot in words. I can only draw a picture for you to see: https://preview.redd.it/xt9dvjhf6sg51.png?width=550&format=png&auto=webp&s=b722ec4fd5a1036df0f2eb4fc142c8eeb846b113 It can be said that the release of Polkadot has completely matched or even exceeded the vision of Ethereum 2.0. It is no longer a simple blockchain, but the Internet in the blockchain. ——END My name is Joie. I am a big fan of Polkadot and I founded the Polkadot New Era community. My Twitter account is @ joieCui, If you support me, you can nominate my node: 15DLJZ4ceN58vEgDiQjK8JsSJuLNBqhUnQ6QCY1QNSjrQntm I made a website about Polkadot, which will be launched this month, please stay tuned.
Thai Nhat Minh | Stably: First of all, can you have a brief introduction about yourself as well as about Chromia? Henrik_hjelte, Sergelubkin Henrik Hjelte: Hello. My name is Henrik Hjelte. I am Co-Founder and CEO of Chromia. I have more than 30 years of experience in programming and a degree in Economics from Uppsala University. BTW economics and computers = blockchain, so finally found a job that fits me. I was introduced to the blockchain by the leader of the colored-coins project Alex Mizrahi in 2013 Colored coins project was a very influential thing It was the first way for user created tokens bolted on to the only blockchain at the time (almost) bitcoin We started ChromaWay 2014, with Or Perelman too, to explore if the world was interested in “tokens” and those kind of applications We worked with enterprise blockchain for some time, but now we are focused on Chromia, a new public platform for mainstream decentralized applications using relational blockchain technology. Ok, maybe I should tell something about Chromia and not myself too. Chromia is a better blockchain for building decentralized Apps. better because it follows the “normal worlds” way of managing data. A little history: I found a text/description to paste: Chromia is a brainchild of ChromaWay. ChromaWay has a long record of delivering pioneering projects around the world. We issued Euros on the Bitcoin blockchain with LHV bank, allowed investors to invest in startups in a wholly decentralized way with Funderbeam, digitized the title transfer process with the Swedish land registry, and mediated the green bond market. ChromaWay’s core team created the world’s first protocol to issue tokens already in 2012, when blockchain was called “bitcoin 2.0”. Then ChromaWay introduced the relational model to enterprise blockchains with a consortium database called Postchain. Now Postchain is going public as the foundation for Chromia, a better blockchain for building decentralised Apps. Chromia is a new public blockchain based on the idea of integrating traditional databases, Relational databases with blockchain security. Chromia is a general purpose blockchain with full smart contract capabilities, just that it is a lot easier to code, even complex applications. You code with an easy to learn new programming language that combines the power of SQL and normal languages but makes it secure in a blockchain context. Up to 1/10 the code-lines vs other blockchains. If you don’t believe me, check this blog (later, stay in the chat): https://blog.chromia.com/reasons-for-rell-compactness/ The aim of Chromia is to combine relational databases, which exist in every kind of organization, with blockchains. We want to provide a platform for our users to develop totally decentralized apps securely. Our goal is for Chromia to be seen as the number one infrastructure for decentralized applications. Think about it: blockchain is about managing data (in a shared context). And… What do we use to manage data? A Database! Serge: Sure! My name is Serge! And I work in Chromia marketing department. Also, I help coordinate various projects inside the company My background is in Economics and Marketing Thai Nhat Minh | Stably: Question 1️⃣ DApp is currently mainly concentrated in the field of games, and its life cycle is basically short, just like the Crypto Kitty is only hot for a while, how to dig the application of DApp in more fields and how to improve the utilization rate of DApp? u/henrik_hjelteu/sergelubkin Serge: Good one, let me answer Gaming is quite a challenging target because good UX is expected, it needs to be fast, responsive, etc. If we can do that, then we can also do all sorts of other stuff. Also, it lets us experiment with things without a lot of hassle, it’s easier to get users, and so on. It’s also a growing niche within blockchain. You can check our latest game, Mines of Dalarnia https://www.minesofdalarnia.com We also have Enterprise projects already, for example Green Assets Wallet https://greenassetswallet.org/about that already launched on the first Mainnet version called Bootstrap Net,we also have https://capchap.se built on our tech, more projects like non-profit review platform Impactoria, public land registries, medical projects and so on Also don’t forget about our fully decentralized social network/forum that is live already on the testnet https://testnet.chromunity.com. Thai Nhat Minh | Stably: Question 2️⃣ How will dapp face the world change after the epidemic? u/henrik_hjelteu/sergelubkin Henrik Hjelte: Nobody can say for sure, but maybe people will tend to be online more than offline, so demand on online products and dapps as well will increase. I just came in from an internal demo of a secret project we do, and it can be seen as a way to hang out online (a bit cryptic answer) There are also interesting use cases of dapps in the medical field. For example, we participated in the world-wide hackathon Hack for Sweden. Where our submission was to create an app on Chromia blockchain that increases the coordination between countries and hospitals especially during the hard time and COVID19. Chromia wants to help the European Union (and the world, but we saw problems in the EU…) and its citizens to provide transparency over the necessary medical and protective devices and appliances of which we see shortage during this emergency crisis. You can watch our promo here https://twitter.com/chromaway/status/1247557274337447938?s=20. For me it was a fun Hackathon too because for once I got the opportunity to code… I told everyone else I will not do any bossing… We try to continue this path on medical applications a bit. Thai Nhat Minh | Stably: Question 3️⃣ DApps are still not directly embedded in mobile phones like Apps at this moment, and DApps have also been flooded with bet content. How can guests increase the use of DApps and lower the threshold for using DApps? u/henrik_hjelteu/sergelubkin Serge: The answer is — better User Experience. We believe that in order for a DApp to be usable and become more widely accepted it has to feel like a normal App. A DApp needs to have quick transactions, scale well & shouldn’t require users to pay for each transaction. This is something that is possible now with using Chromia. It’s an extremely exciting time since we are going to see a new generation of DApps. On top of that, we think that we might have an ace coming up. We have built a game to demonstrate the powers and possibilities of Chromia. A little bit about the game: In Mines of Dalarnia (https://www.minesofdalarnia.com), players get to explore the vast expanses of interplanetary treasure mines. With an innovative Dalarnia Token system, players can purchase virtual mining plots, and put them up for rent into the community, allowing for real-estate tycoons to earn more Tokens. Mining plots can also undergo their own upgrades, making them more lucrative to explore, as well as a hot property for rental by miners. The game takes advantage of these NFT-based tokens to securely track exchanges, and provide a sense of ownership and wealth to players as they grow their mining and resource empire. Watch our trailer https://youtu.be/bDXKOp1Asqw and sign-up for the TestNet on the website! Thai Nhat Minh | Stably: Question 4️⃣ Many practitioners think that the main reason for restricting the development of DApp is “incomplete infrastructure”. How effective is the current “cross-chain” and “side-chain” solution? u/henrik_hjelteu/sergelubkin Serge: Our infrastructure resembles Alibaba Cloud, so a DApp developer just goes and deploys his DApp’s blockchain into it, it’s easy. Also our language Rell https://rell.chromia.com/en/maste is more robust than any other blockchain programming language.Or Azure or AWS Rell combines the following features:
Relational data modeling and queries similar to SQL. People familiar with SQL should feel at home once they learn the new syntax.
Normal programming constructs: variables, loops, functions, collections, etc.
Constructs which specifically target application backends and, in particular, blockchain-style programming including request routing, authorization, etc.
We want people to join our channels such as telegram, twitter, email also our decentralized forum https://testnet.chromunity.com and participate in discussions
We want people to try our dapps such as Mines of Dalarnia
We want to get feedback and understand the most important issues people care about Chromia and the blockchain industry in general
We want to get more developers building on top of Chromia
LBTS: What was your motivation for creating RELL and not use other languages? What benefits? Why name it RELL also? Henrik Hjelte: We have a private/federated relational blockchain called Postchain, and it allows SQL. But that can work in a small environment when you know all parties, and if you are really careful in checking code. But not for a more secure, distributed on the web setup, so we had to make it more secure (Deterministic, statically typed). In the process, we also took the opportunity to make it cool and nice. Also: it is simply not possibly to use evm, jvm, or web assembly. We need/want a database in the bottom. Postgresql is our virtual machine. You do not reimplement that…. 10+ years codebase…. Lee: Being part of the gamer community, I would like to know what you would think about collaborating with a MOBA, RPG or Arcade game or some kind of project? Henrik Hjelte: We are already collaborating with some smaller studios. For bigger fish, we want to show them what is completely unique and visionary with Chromia, and we think we need various examples. So, first arcade game MoD (linked above) is one example, it is not the full potential or anything but a start. In this summer, krystopia 2 a puzzle game from Antler Interactive will be released. What is even cooler is the “demo project” we do together with them, where we will show how a mutliplayer game with real blockchain features will work. I just saw it an hour ago and was blown away OH, and there is another studio releasing something very cool. Full logic on chain strategy game. Chain of Alliance. oyibo pepper: Do you encourage HACKATHON programs for intending Developers to test their skills and build on RELL Can you explain more about CHROMIA AMBASSADORS PROGRAM, CAN I BECOME AN AMBASSADOR Serge: Yes, you can, but you will need to change your avatar 🤣 Seriously, we are growing our Chromians community if you want to become one please ping our admins in Chromia telegram group. Also, we are planning virtual hackathons soon, please subscribe to stay updated Infinite Crypto: Since the Chromia project is currently working on the Ethereum blockchain ERC20 standard! But we know that there are a lot of scalability issues with Ethereum, so why would you choose the Ethereum blockchain over other scalable blockchains? Do you have any plans for Mainnet launch of Chromia? Henrik Hjelte: ETH is just used in a pre-phase for tokens. We will have our own mainnet tokens interchangable with ETH. Oyinbo pepper What’s CHROMIA SSO and SDK, how can I get started Henrik Hjelte Both are 3 letters. That is what they have in common. SDK = software development kit, check docs on https://rell.chromia.com SSO = single sign on. A unique UX improvement. You approve an app in your wallet (vault) with super ease. no need to remember codes sso: https://blog.chromia.com/chromia-sso-the-whys-and-the-whats/ We have a fundamentally different model from bitcoin and ethereum and the likes. The blockchain is not run by anonymous computers in basement and student dorms across the world. We have more of known identities, so 51% attacks is protected not by PoW/PoS but other consensus. Please see our whitepaper. Note that we are not noobs when it comes to this, our CTO Alex has published papers in academic journals on consensus etc. from 2013, and done several important ideas for blockchain. Sidechains we think he was first with, tokens too. Sheron Fernando: Is there any plan to makes partnership with local cryptocurrency developers from each country to make $CHR usage more worldwide? Serge: Yes, we are looking for cooperation with more external developers. Send me a message if you are interested in developing something on Chromia. Stella: What are the underlying problems in the Dapps today that can be solved with the Chromia protocol? Serge:
Scalability — on Chromia your dapp can have unlimited numbers of users thanks to parallel scaling
Easiness of use — you don’t need external wallets, no need to buy crypto to pay for gas etc
Cost — in general to deploy the dapp and to use the dapp
Marcel Lagacé: Why build this platform? What is Chromia mission? What are the most prominent features of the platform? Can you clarify the use case for this feature? Henrik Hjelte: We build the platform to fix the problems with blockchains, that we ourselves have experienced since 2014 (before ethereum existed). LBTS: Can you tell us about Chromia developers? How motivated and experienced are they to always deliver the best products? Henrik Hjelte: I can tell you that we recruit developers that are really good, from all parts of the world. Vietnam has been a hub because we found many good, so in Ukraine. How can we say “we have so good developers”? First one thing that is a bit different is that we are pretty experienced in leadership team of development. I do not code much anymore since I’m a CEO. But I do have now over 30 years of experience. Got published and was payed when I was 15. First full-time professional developer job at 18. Have released open-source projects used by 10: s of thousand developers. And Alex, our CTO is Extremely good. That is why I recruited him to my old startup 2006 or so… So: we have experience to sort out good developers from bad. Marcel Lagacé: Does Chromia staking model is different from other staking platform?? What are the beneficial advantages of chromia staking system? Serge: The main difference is that we have independent Providers, entities that are not connected. These serious players are exchanges, data centres, professional staking companies. They provide a backbone of the ecosystem and host dapps. Like Amazon servers in the cloud. They cannot have stake bigger than the maximum thus they can’t control the network. This is probably the main difference with classic DPoS networks Nguyen Duy Bao: A lot of people will want to know what the strength of Chromia is but I want to know the weaknesses and problems Chromia faces ? How do you plan to solve it? Henrik Hjelte: A weakness I guess is weak compared to “competition”. And there are some blockchain projects that got crazy amount of funding. So how can we compete with that, when they can hire more developers for example? Well here is what experience comes into play: More developers does not always increase productivity a lot, it is diminishing returns. You can see many large projects, with 100 of developers fail miserably with no results. And actually, sometimes true with marketing spend too. It is generally good with money, but if you are a bit clever you can compete also on marketing with less money than your competition. Please follow Chromia on Social Media: Website: https://www.chromia.com Twitter: https://twitter.com/chromia FaceBook: https://www.facebook.com/teamchromia LinkedIn: https://www.linkedin.com/company/chromia Telegram: https://t.me/hellochromia Decentralized Social network Chromunity: https://testnet.chromunity.com Free-to-Play Blockchain Game Mines of Dalarnia: https://www.minesofdalarnia.com
During the coronavirus, are cryptocurrencies suffering or taking advantage of the moment?
Up until just a short time ago cryptocurrencies were considered to be a sort of safe haven. This idea has gained greater strength in the measure in which, during recent periods of crisis and instability, the Bitcoin has risen in value; however, now, with the pandemic of the coronavirus hitting the entire planet, the freefall of the cryptocurrency quotes most used these days shows an uncertain scenario and demystified the option of “safe haven”. https://preview.redd.it/yspkat1aan151.jpg?width=1280&format=pjpg&auto=webp&s=e692f86d3141a021fce448812f3a3815b886ccb5 Halfway through February, before the before the pandemic became widespread, Bitcoin’s quote reached over 10,200 dollars, its highest quote during the last seven months; but, from that moment on the decline has been resounding – around 40% - so that its present value is in the region of 6,300 dollars. In its fall, Bitcoin dragged other cryptocurrencies along with it, like Ethereum which lost 29% as went from 194 dollars to 137, and Ripple, which ceded 22%.
What provoked the decline in prices?
Cryptocurrencies operate contrary to the traditional financial system, because they don’t need banks; however, this doesn’t make them immune to the economic chaos unleashed by the pandemic. In China’s case, the country where the virus arose, the analysts waited for the launch of the digital yuan; however, the Wuhan crisis will postpone the presentation of the new cryptoasset between three and six months, since, according to YuanJie Zhang, the director of operations of Conflux, “The majority of the budget’s resources were spent in containing the virus”. For Zhang, the coronavirus hasn’t had a negative impact on the cryptocurrency mining industry in China, because the majority of these farms continued working and never hired a lot of people. Nevertheless, the fall in prices was evident. What could have provoked it? This continues to be a subject that divides the experts, since more than a few feel that there are no clear elements that explain the downward trend, because cryptocurrencies aren’t affected by the prices of petroleum and or the global recession. According to various experts, the decline was expected because Bitcoin, for example, saw its price rise 100% during the last six months and many investors opted to sell them now to cover the losses that they suffered in their portfolios from other assets with variable yield. Others look for a link to the pandemic and analyze that the collapse in prices was produced at the moment when the bonds and shares fell around the world. The investors suffered so many losses that they had to liquidate assets that, at this time, have enough value to cover their obligations. “Investors are liquidating alternative assets like gold and cryptocurrencies to comply with obligations of the market and to create cash reserves, a theme that is similar to what happened during the last financial crisis,” stated Matthew Dibb, co-founder and director of Stack operations. A variation is that the retail investors have sold their cryptoassets so that this way they can obtain money that will allow them to obtain more food, medical supplies and take on other monthly expenses, since extended quarantines impede them from working and, therefore, generate income.
Blockchain initiatives against the coronavirus
The donations in cryptocurrencies to support the most affected areas with medical supplies or to encourage research about the coronavirus have increased in recent times. The Binance exchange donated 1.4 million dollars to the Chinese authorities for medical supplies. The project was called “Binance for Wuhan”. In addition, Binance Charity continues to be wrapped up in raising five million dollars in cryptocurrencies that make it possible to buy essential medical articles for the countries most affected by the coronavirus. The crowdfunding platform The Giving Block launched a campaign for donating cryptoassets, in coordination with Gitcoin, an open code reward platform in the Ethereum blockchain. The decentralized Alliance of AI presented the #COVIDathon, considered the first hackathon designed to help the medical industry to search for solutions that allow them to battle the COVID-19. This alliance depends on more than 50 members of the blockchain.com space, Ocean Protocol, Aragon, Shivom and SingularityNet. Ripple Labs donated 200,000 dollars to two non-profit organizations, Tipping Point Community and Silicon Valley Community Foundation, to contain the propagation of COVID-19 in the United States. The Napoli Blockchain Association undertook a crypto fund raiser that made the purchase of a large amount of appliance equipment possible for strengthening medical attention in Italy. cryptos, coronavirus, coronavirus-and-bitcoin, coronavirus-and-cryptos
The world has turned all digital with the latest innovations and trends. Technology is evolving rapidly every day. Staying abreast of the latest technology is the need of the hour. The savvy IT professionals are in a rush to emerge soaring high in the know-how of new vogue. Vaagdevi Engineering College is the engineering college with the best placements that are concerned hugely about these cutting-edge technologies. Some of the latest trends in the market are as follow: Artificial Intelligence: Artificial Intelligence(AI) is an element of the computer science domain that demonstrates the cleverly simulated ability of a machine depicting the human thought process and conventional response patterns. The responses and attributions delivered by the machines with AI induced in them are directly proportional to that of a human requiring less or no interference by man. Machine Learning: Machine learning helps computers to switch to a self-improving mode by learning. It can guide better decisions and equally smart actions in real-time through predictions and algorithms, clearly without human interventions. From Netflix, Amazon to Google’s Alexa and self-driving cars, all are nothing but the machine learning inventions which by and large constitute our everyday rush to better living. Robotics: There are apparently very few fields that incorporate creativity, fun, and knowledge, all in one. Robotics is something you can count on, at this. Robots are man-made machines that can execute the jobs that a man can’t possibly complete or rather prefer not to perform as it might be hazardous. The study and mechanism of robots are Robotics. IoT: Internet of things(IoT) is the network connectivity between everyday used things, allowing them to communicate and exchange data. This smart exchange is meant to initiate with the devices themselves such as electronic appliances, smartphones, etc which securely communicate with an IoT platform. Virtual Reality and Augmented reality: Virtual Reality and Augmented Reality are the most talked off technologies more visibly appearing in the entertainment world, as of now. VR devices like Oculus Rift, Valve Index, Sony PlayStation VR, etc and AR devices like Hololens by Microsoft, Google glass enterprise edition, etc are the wonders so far. Blockchain: Surely Bitcoin and cryptocurrency were the first few widely used blockchain technologies, but they are definitely not the only few today. Blockchain is innovating almost every field. Blockchain helps in implementing increased transparency, streamline internal operations, digital payments, disrupt competitors, etc. The top B Tech colleges like Vaagdevi in Warangal, work towards delivering the best of the latest technology trends to the young techies. #BestEngineeringCollegesinWarangal
viabithome supports Bitcoin payments With the development of the economy, the trend of globalization is constantly increasing, and consumption upgrades are continuing to make efforts. Throughout the world, more and more consumers choose online cross-border shopping. High-frequency consumption is more abundant, and light luxury brands are gradually increasing. Consumers are pursuing higher quality consumption, which has led to the continuous expansion of overseas purchasing and Haitao. Global cross-border e-commerce is also in full swing. In 2018, e-commerce sales accounted for 11.9% of total global retail sales, and it is expected that it will continue to grow in the future, and online shopping will become increasingly popular worldwide. In 2018, the proportion of global cross-border e-commerce shoppers reached 51.2%. Global B2C cross-border e-commerce sales reached US $ 676 billion, reaching US $ 826 billion in 2019. 📷 Data source: AI Media Data Center Amazon and AliExpress go hand in hand in cross-border shopping,As of 2018, the survey showed that global consumers used the cross-border e-commerce platform for cross-border shopping for the last time. 24% of consumers chose Amazon, and 16% of consumers chose Alibaba's AliExpress. 14% of consumers chose eBay and 10% of consumers chose Lazada. Amazon, founded in 1995, was one of the earliest companies that began to operate e-commerce on the Internet. It started to sell books only on the Internet. Now it has expanded to a wide range of other products and has become the world's largest online retailer. And the second largest Internet company in the world. AliExpress was officially launched in April 2010. It is the only online trading platform created by Alibaba for the global market. It is called "the international version of Taobao" by the majority of sellers. AliExpress is for overseas buyers, guarantee transactions through Alipay international accounts, and use international express delivery. Is the third largest English online shopping website in the world. In 2018, Amazon's global net income was US $ 232.9 billion, of which online mall business revenue accounted for 52.8% of total revenue. AliExpress mainly targets small and medium-sized overseas buyers. In 2018, the number of AliExpress buyers reached 150 million yuan. Social e-commerce stands on the cusp, industry scale grows rapidly As a new business format, social e-commerce is based on social media or online media that supports social interaction, and is an e-commerce that promotes online purchases and sales of products and services through customer participation. Compared with traditional e-commerce, social e-commerce has unique advantages such as experiential purchase, active user sharing, and rich sales scenarios. Users are both buyers and recommenders, and are popular with young people. The development of social e-commerce, while reducing the marketing costs of enterprises, has also made consumers more affordable. In 2018, the scale of the social e-commerce industry reached $ 2.842 trillion. With the deepening of the integration of social traffic and e-commerce transactions, the proportion of social e-commerce in the overall online shopping market increased from 4.5% in the three years from 2015 to 2018. 11.9%, social e-commerce stands in the air. Blockchain empowers social e-commerce, an imperative alliance The traditional e-commerce trading platform is centralized, and merchants and buyers must conduct transactions through this platform. This is also the root cause of the two pain points that merchants call for control and loss of neutrality. However, if buyers and sellers complete transactions through exchanges on a blockchain-based e-commerce transaction network, this will greatly improve the user's consumption experience. So what are the advantages of combining blockchain with social e-commerce? More convenient payment methods The biggest feature of the blockchain is decentralization. In the new Internet financial system based on the blockchain, buyers and sellers conduct transactions based on cryptographic principles instead of trust, without the need for third party participation, saving buyers and sellers. time. More scientific supply chain management The supply chain is a key element of every e-commerce platform. Implementing blockchain technology on the e-commerce supply chain platform can help solve problems such as recording business cores and product tracking. This reduces costs, which is an added advantage for companies and customers. More secure data management When paying, blockchain technology switches these central platforms to a decentralized system, where consumers store and control their own data in this decentralized system, thereby avoiding the potential risk of data leakage. More transparent and trusted transactions Blockchain can increase the transparency of transactions, thereby promoting trust. Every transaction is recorded in a shared account and cannot be modified by anyone. Blockchain is very popular in the financial industry. When it comes to the e-commerce industry, it is also adaptable, with the potential to reduce costs, increase transparency, improve security and transaction efficiency.It can not only help online business grow, but also create future Create more new opportunities. Bitcoin-the only choice for global e-commerce payment methods Nowadays, the e-commerce circle has a bitcoin payment. As a virtual currency, bitcoin can not only be used in the virtual world, but also extends to the depths of real life, and can even be used to make consumer payments directly online. More convenient, compared to the banking system, Bitcoin will never be frozen and the service cannot be terminated. From the perspective of cost, timeliness, and freedom, users are very open to this payment method. The application to cross-border e-commerce also brings unprecedented convenience to sellers. More secure, anyone with internet access can own a Bitcoin account (public / private key) for free. In the Bitcoin system, public keys are similar to bank accounts, and private keys are like passwords. As long as the private key is not stolen, the account balance will remain secure. Especially in a global environment such as cross-border transactions, its security is particularly important. More efficient, for cross-border e-commerce, Bitcoin is a media exchange without borders. Overseas buyers and domestic buyers conduct transactions directly through Bitcoin service providers. Full 100% conversion, regardless of exchange rate, the seller's payment will not shrink. Viabithome-a more secure, convenient and efficient cross-border payment solution Viabithome is a B2C mall based on blockchain technology. It has hundreds of thousands of high-quality goods worldwide. Its products are rich and inexpensive, and it is involved in all aspects of clothing, household appliances, skin care and beauty, daily necessities and so on. The purpose of the service is to reconstruct and optimize the decentralized platform through the blockchain, and build a next-generation e-commerce ecosystem that "builds and shares". Everyone is me, I am everyone. In addition to the traditional RMB value system, viabithome has also introduced a new value system-"Bitcoin". Incorporating blockchain technology, tracing the source, preventing counterfeiting and shoddy, and a convenient cross-border payment solution-Bitcoin payment, has attracted the attention of the industry.
Bitcoin Miners Are Heating Homes Free of Charge in Frigid Siberia
Hotmine CEO Oles Slobodenyuk couldn’t have picked a better place to pitch his product: a bitcoin mining rig that doubles as a home heating appliance. Irkutsk, Eastern Siberia, is famously cold in the winter, when subzero temperatures are the norm. So a few weeks ago, when Slobodenyuk took the stage at the Baikal Blockchain and Crypto Forum with one of Hotmine’s little white boxes in tow, he opened with a joke about the warm August weather
Groestlcoin September 2019 Development Release/Update!
For a more interactive view of changes, click here In our current world; bordering on financial chaos, with tariff wars, Brexit and hyperinflation rife, you can count on Groestlcoin to consistently produce innovation that strikes to take the power away from the few and into the many, even after a full five and a half years of solid development. Here is what the team has already announced in the last 3 months since the last development update:
Groestl Nodes aims to map out and compare the status of the Groestlcoin mainnet and testnet networks. Even though these networks share the same protocol, there is currently no way to directly compare these coins in a single location. These statistics are essential to evaluate the relative health of both networks.
Shows Onion (Tor) nodes
Shows IPv6 nodes
Supports both main net and test net
Node Checker – Check the status of a remote node
Ability to download node data by CSV, JSON or TXT format
Ability to download unique address data by CSV, JSON or TXT format
This is a tool for creating unsigned raw Groestlcoin transactions and also to verify existing transactions by entering in the transaction hex and converting this to a human-readable format to verify that a transaction is correct before it is signed.
Create Raw Unsigned Groestlcoin transactions
Generates a QR code for the transaction
Compatible with most Groestlcoin wallets including but not restricted to Groestlcoin Core and Electrum-GRS
Estimates final signed transaction size
Taking a raw transaction format and shows its Transaction ID, Transaction Inputs and Outputs
AGCore is an Android app designed to make it easier to run a Groestlcoin Core node on always-on Android appliances such as set-top boxes, Android TVs and repurposed tablets/phones. If you are a non-technical user of Groestlcoin and want an Android app that makes it easy to run a Groestlcoin Core node by acting as a wrapper, then AG Core is the right choice for you.
Update to Groestlcoin Core 2.17.2
Switched to native builds via NDK for Groestlcoin Core resulting in a smaller footprint.
Added embedded tor
Added tor pairing support
TOR upgrade bug fixes
Improved blockchain Sync progress using getblockchaininfo verificationprogress
Improved package download progress bar
Added support for external storage access > Android M
Added support for Android Oreo, including new notification mechanism
Bump Fee (RBF) improvements – Implemented a new fee-bump strategy that can add new inputs, so now any transaction can be fee-bumped. The old strategy was to decrease the value of outputs (starting with change). We will now try the new strategy first, and only use the old as a fallback.
Coin Choser improvements
More likely to construct transactions without change (where possible)
Less likely to construct transactions with really small change
Only spend negative effective value coins when beneficial for privacy
Fix long-standing bug that broke wallets with >65k addresses
Windows binaries: Now build the PyInstaller bootloader ourselves, as this seems to reduce anti-virus false positives
Fix performance regression for large wallets
Fix high-DPI issues related to text fields
Trezor – Allow bypassing 'too old firmware' error
Trezor – Use only the Bridge to scan devices if it is available
Hardware wallets – On Win10-1903, some hardware devices with U2F functionality can only be detected with Administrator privileges. A workaround is to run as Admin, or for Trezor to install the Bridge.
The AppImage Linux x86_64 binary and the Windows setup.exe are now built reproducibly.
Fix watch-only wallets that could not bump fee in some scenarios
Faster transaction signing for segwit inputs or really large transactions.
Groestlwallet is designed to protect you from malware, browser security holes, even physical theft. With AES hardware encryption, app sandboxing, keychain and code signatures, groestlwallet represents a significant security advance over web and desktop wallets, and other mobile platforms. Simplicity is groestlwallet's core design principle. Because groestlwallet is "deterministic", your balance and entire transaction history can be restored from just your recovery phrase.
iOS 0.7.3 Changes
Fix BIP70 payments
Updated QR Scanner
Lowered spending limit
Updated DNS Seeds
Fixed URL Scheme
Fixed GRS Name in mailing
Fixed crash upon starting in some scenarios
Android v89 Changes
Use default fee
Republished on Google Play by removing send_sms permissions
Today the technology is evolving so rapidly that the annual trend predictions may be obsolete before they go live as a blog post or article published. With the evolution of technology, this allows for even quicker improvements and development and accelerates the rate of change to ultimately exponential. Technology-based careers do not switch at the same speed but develop and the experienced IT specialist understands that his job is not the same. The IT professionals of the 21st century will constantly learn from the need, if not the desire. What does it mean? To you, this means keeping emerging technology up to date. And it means looking to the future so understanding what skills and jobs you want to be trained for. Here are some following 5 trending technologies in 2020 and some of the job opportunities generated by these changes are to be observed. Because the time has now come to train for one of the new jobs.
1. Artificial Intelligence (AI)
The Era of Artificial Intelligence In recent years, artificial intelligence or AI have been arousing a buzz. But because of its impact on the way we live, play and work are still a trend to watch. It’s only early in life. Certain fields of AI, including machine learning, have also been developed which will be discussed below. AI refers to computer systems built to mimic human intelligence and perform tasks such as image recognition, speech or pattern recognition, and decision making. Such functions can be performed more quickly and precisely than humans. The AI has been in use since 1956. Five out of six American people are actually using AI technology in one way or another every day, including web software, streaming services, private mobile helpers, ride-sharing apps, home helpers and home-smart appliances. AI is used to planning trains in addition to consumer behavior, assess business risks, foresee maintenance and improve energy efficiency. AI is part of what we usually call automation, and because of potential job losses automation is a hot topic. Experts say that automation would kill an additional 73 million jobs by 2030. Automation, however, creates and removes employment, especially in AI: pundits are predicting that 23 million jobs in the AI by 2020. AI creates jobs in development, programming, testing, support, and maintenance, just to name a few. The Artificial Intelligence Architect is one of these tasks. Some say it will soon be competing with a computer scientist looking for skilled workers.
2. Robotic Process Automation
RPA Software bot RPA is another job-automating technology. RPA automates business processes. Such as program analysis, transaction processing, data handling, and even email responding. RPA automates repetitive tasks that used to be done by humans. It’s not just the low-key jobs of a low paid worker: up to 45 percent of our activities can be automated, including the work of financial managers, doctors, and CEOs RPA also creates new employment as existing jobs are changed. McKinsey found that less than 5% of workers can be fully automated, but 60% can be partially automated. While Forrester Research predicts RPA automation could affect the lives of 230 million or more knowledge workers and nearly 9 percent of the global workforce. For Anyone & IT experts looking in the future and try to understand emerging technology trends. RPA offers many career opportunities. It includes Developer, Project Manager, Business Analyst, Solution Architect, and Infrastructure engineer RPA Support. And these are well-paid jobs. RPA salary is $ 73,861, but that’s the average, made up of salaries for junior level developers to Senior Solution Architects, with the top 10 percent earning over $ 141,000 annually. If you like to pursue a career in the RPA, it is important to understand the introduction of RPA.
3. Machine Learning
Machine learning human & bot Machine learning is a sub-component of AI. Computers are trained to learn something they are not programmed to do with machine learning. You simply learn by finding patterns and software insights. In general, there are two types of learning, supervised and unattended. Machine learning subsets, including neural networks, naturally speaking and deep learning, which includes language processing (NLP). Each of these subsets offers the chance to specialize in a field that is rising. Machine learning is quickly implemented and creates a high demand for qualified professionals in all kinds of industries. It is expected that by 2022 the machine learning market will hit $8.81 billion. Applications are used for data analysis, data mining and pattern recognition. Machine Learning on the consumer side, which helps web search results, in-time advertising, and network intrusion detection, only to mention a few of the many things that it can do. Machine learning creates jobs. LinkedIn has some 2,000 openings, and Machine Learning positions are among the best jobs. The workers were well paid: in 2017, an engineer’s average wage stood at $106,225, respectively. Engineers, programmers, analysts, and data scientists are the roles of machine learning.
cybersecurity Cybersecurity may not look like emerging technology, as it has been for a while, but like other technologies, it is changing. Partly due to the fact that threats are always fresh. Malicious hackers trying to illegally access data won’t give up anytime fast and even the most stringent security measures can be dealt with. New technologies are being adapted to increase security. Three of these advances are hardware authentication, cloud technology, and deep learning, according to an expert. Another complements the list with Data Loss Prevention and Behavioral Analytics. Cybersecurity figures are rising three times faster than other technology pages, showing a strong demand for cybersecurity expertise. We are not enough to fill these vacancies, however. Therefore, it is expected that 3.5 million cybersecurity unoccupied slots will be open in 2021. Most cyber safety employees are earning six-figure income and range from ethical hackers to computer experts and chief security officers, offering someone who wants to join and work in this sector a promising career.
Blockchain technology Although many people believe that the blockchain technology is useful in many other ways as far as cryptocurrencies like Bitcoin are concerned, it provides security. In the simplest case, the information you can only add, delete or change can be called blockchain. This is the term “chain,” because the data chain is generated. It’s so secure because the previous frames can’t be changed. Therefore, blockchains are based on consensus, as explained in this Forbes article, and no individual can take control of the data. You do not have to monitor or verify transactions with Blockchain a trusted third-party. This improved protection makes it possible for Blockchain to play a key role in securing data, including personal medical information, for cryptocurrency use. Blockchain could be used to boost the global supply chain, as stated here, dramatically and to safeguard resources like art and properties. The second fastest-growing job category is Blockchain-related jobs, with 14 vacancies for each blockchain developer. A blockchain developer specializes in design and software creation using blockchain technology. A blockchain developer’s average annual salary is $130,000.
How Far Away Is The Blockchain dApp Environment From Fruition?
img It would be hard to argue against the fact that the best current use for blockchain technology, the use that is most prevalent and popular, is cryptocurrencies. It is because of the original blockchain, Bitcoin, being built as ‘peer-to-peer digital cash.’ However, a lot has happened in the last 10 or so years since Bitcoin began the blockchain journey, even so much as a second generation has been birthed in many respects, tearing open the entire ecosystem. Upon the invention of Ethereum use-cases suddenly grew in such magnitude that the technology was being labelled part of the fourth industrial revolution. Ethereum was the catalyst for this new era of functional blockchain where the technology could be aimed in a considerable amount of directions, disrupting as it goes. Part of this second generation blockchain advancement has been the building of a dApp ecosystem - the decentralised app. Because Ethereum’s tagline is to be ‘the World Computer’ it acts as a platform for applications to be built upon it. Moreover, because this decentralised world computer is as broad and similarly advanced as traditional computation, with the added benefit of decentralisation, immutability and transparency, there is a considerable dApp ecosystem that has potential to expand and overtake much of the current app market. The current app market is vast. It has ingrained itself in the lives of almost every individual. However, it has also reached a stage where pain-points and problems are starting to show through the cracks. The importance of data protection, coupled with fiascos by the likes of Facebook and Cambridge Analytica, as well as concerns over centralised control has seen a few more eyes being turned towards dApps as alternatives to traditional apps. There is also the possibility of new applications, that are decentralised, to make our lives easier. A Brave new world Arguably one of the more popular and successful dApps, if it can even be classified as a traditional app, is the web browser, Brave. Brave is an open source and free browser from Brave Software Inc. that aims to keep data safe and provides users with the power to save or delete said information. It features a built-in ad tracker and blocker, and quite notably, Brave comes with an inbuilt BAT cryptocurrency wallet. This wallet enables users to support their favourite websites. Brave has its own native token called BAT which, after providing users with the ability to be in charge of their own data, is a huge blockchain-based benefit. This BAT ecosystem allows web users to earn for browsing Brave enabled sites with anonymous adverts from Brave. BAT currently has a market cap of $429 million with its digital token being valued at $0.33. It also allows advertisers, and publishers, clear and transparent ways in which to view and obtain their advertising revenue - a far cry from the outdated and centralised system currently employed for online advertising. Chief of Communications at Brave, Catherine Corre, explained what they believed was the secret to strong adoption and generally positive feedback on their product. “Brave is allying with our users to give them what they want in ad/tracking-blocked speed and privacy, without the intolerable compromises on user experience that arise from most other browsers’ conflicts of business interest between what users want and what their tracking ad-tech businesses or partnerships require,” Corre told Forbes. “Brave blocks trackers and invasive ads by default, which otherwise slow down page load; this enables Brave to load twice as fast on desktop, and up to eight times faster on mobile. This speed advantage, along with Brave’s built-in privacy and security features, put the browser in a unique place to attract new users who are becoming increasingly aware of privacy scandals.” “Privacy may have been a niche four years ago when we started, but privacy by default is now a huge draw. Brave puts users first in ownership and control of their data.” "Additionally, Brave features Brave Ads and Brave Rewards. Brave Ads reward users for their online attention with Basic Attention Tokens. Brave Rewards enables users to in turn seamlessly support their favourite content providers by donating or tipping tokens. Users who choose Brave get excited about playing a role in fixing the Web and the currently broken ad ecosystem, which mainly now benefits intermediaries at the expense of creators and publishers.” While Brave can’t really fall under the traditional umbrella of what a dApp is, it is clear that what they are offering, with their ERC-20-backed token, and their attention to privacy and protection of data is precisely what many see blockchain being the eventual solution for. There is growing popularity for Brave, with places such as the LA Times coming aboard recently, because they can offer many of the benefits of decentralisation when it comes to web browsing in their case. High demand, slow supply With Brave as an example of the power of blockchain in an offering that people are interested in with regards to decentralisation and privacy, it is surprising that the dApp ecosystem has not made a bigger splash. However, the entire blockchain space looks to be lagging on what it can supply, compared to the current demand. In terms of the dApp ecosystem, it is undoubtedly growing. However, it is a tricky space to be in as there are two major forces at work - new developers in a nascent market, as well as the nascent blockchain technology itself. Mark Hardman, a certified Blockchain solutions architect Ethereum Developer, spoke with Forbes about the current state of the dApp ecosystem and where it is heading. “For me, dApp’s are what the blockchain is all about. Organisations as a whole have only really scratched the surface in terms of what’s possible, and unfortunately, many people I speak to confuse Blockchain with Bitcoin, and I think the negative perceptions which surround the latter are a red herring which is suppressing the demand for Dapps in the corporate sphere, Hardman expressed. “The continued evolution of the Dapp infrastructure is crucial, and occurring naturally already.” Wei-Ning Huang, Co-founder and CTO of Dexon Foundation, also chimed in as they look to provide a platform for dApp developers to use. “Over the past year or two, we are very thrilled to see that the dApp market is booming. However, most of the popular dApps are still gaming applications with far fewer daily active users compared to those of well-known ones. There are still not many real-world use cases for dApps that can be applied across different industries and used on a mass scale.” David Kuang, a financial professional and data scientist, who works at UBS Bank as a business analyst, adds just how broad the dApp environment can be “The idea behind dApp environment is quite remarkable from the innovation achievement perspective as for the first time in the history we now have a technology that allows anyone - including AI machines - the capability to build a ‘corporation’ or business model via coding smart contracts without having to domicile in a specific physical location but can operate as independent entity on the blockchain - or namely the Decentralised Autonomous Organisation - DAO.” Slowing the potential Like a lot of things in the blockchain and cryptocurrency space, the potential is seemingly limitless, but its application has been slow and rocky. Since Ethereum came to the fore, people have been marvelling at smart contract blockchains and their potential uses, but for a few reasons, including poor blockchain performance and a slow dApp development, nothing substantial has been released yet. The development of Blockchain technology is on a bumpy road and very controversial,” adds Kuang. “However, I believe it is a game changer as it would start to embed into our daily life from an infrastructural level.” “Imagine all of the electric appliances at home is an IoT device and backbone is support by Blockchain technology to secure its data transmission. dApp is a critical application for Blockchain technology; it provides an angle of how this technology can reshape and change the world. dApp is a direction but not a necessary nor the only direction for technological development and progression.” dApp developers are seemingly working hard to integrate solutions into our lives through their creations, but it could be that the base technology needs more time to mature, as Huang explains expanding on their own developer-focused platform: “One of the biggest blockers of the dApp development and mainstream adoption is the limitations of the blockchain technology. Current blockchain systems have long been hamstrung by technical bottlenecks include low TPS, low scalability, and weak security. “We are committed to addressing this challenge of blockchain technology, by using an ideal platform to build trusted, real-life blockchain solutions. From this, we are advancing by seeking partnerships with various enterprises in insurance, retail, supply chain, gaming, digital asset exchanges, to help entrench this space. For Hardman, he too identifies that the blockchain platform can be a real area of growth once it manages to move beyond this ‘pilot’ phase. “I think that the power of blockchain technology as an enabler of dApps could start to become the real growth area, once we move out of the pilot phase that many organisations are currently in,” said Hardman. “This will then overtake crypto-currency as the topic of conversation, and we’ll see a dramatic change in the ways some business processes are handled, with big cost and time savings, and a culture change, where organisations start to do business across the same infrastructure. I Think some supply chain projects are starting to give us a glimpse of that.” “Organisations have an opportunity to escape from the constraints they have had for decades, of silo-based data and processes, and of bloated protectionism when it comes to sharing data across corporate boundaries, so the goal is worth the effort.” Chicken and egg It would appear, according to those who are on the development side as well as the blockchain platform side, there are several issues that have hamstrung the advancement and uptick of dApps. The platform itself needs a lot of work as the first smart contract platform - Ethereum - has been under heavy scrutiny in the past for its performance to the point where it has begun its move to change its algorithm to address some of these concerns. However, the developers of dApps on these platforms also suffer from issues that are removed from just blockchain performance. The world of cryptocurrencies and blockchain is still quite niche, and a little controversial in terms of its adoption. So, although these dApps can offer a new era of applications that have the added benefits of decentralisation, transparency, immutability and digital tokens, most people are still more comfortable using traditional apps and their dangers of data misappropriation - for now, anyway. img
[BLOG] Bitcoin Fundamentals - Predicting the Future of BTC, BCH, and BSV
Many have criticised #BSV’s ambitious scaling plan, claiming there’s no need for such capacity right now. But if we think of a world in five, ten or twenty years, the operation of a vast majority of appliances will be automated with the use of blockchain. For something like a light bulb, switching it on could end up being an actual #blockchain transaction. To compete, blockchains will have to scale to not hundreds of thousands of transactions per second, but millions or even billions. The #BitcoinSV project’s roadmap represents this vision, making it the only #publicblockchain that can achieve these goals. https://blog.bitstocks.com/bitcoin-fundamentals-predicting-the-future-of-btc-bch-and-bsv
I would like to share some insight on why I am holding Walton (WTC).. Remember this is just my personal opinion and you should always do your own research and come up with your own assessment before investing. When it comes to investing, one of the primary things I look for is growth potential. And when it comes to Waltonchain, I feel like the potential for growth is so extreme that it could be unprecedented. Of course I can't say for certain Waltonchain will make investors wealthy. But what I will say is Waltonchain is no stranger to the rapidly growing RFID technology, nor the market it resides in. About Waltonchain Everyone knows what a UPC code (bar code) is.. it stores the price and helps retail stores keep track of inventory levels. The advancement of this technology is what brought us RFID tags.. Below are the benefits RFID has over the traditional UPC bar code.
RFID chips can store much more information than bar codes.
RFID chips are a read/write technology, so more information can be added to them as needed.
RFID chips don’t require line-of-sight proximity (i.e., the information they store can be read even when products are still encased in boxes or crates).
RFID chips are more robust (i.e., not subject to problems caused by tearing, creasing, or alteration) than bar coding.
RFID chips can enable the tracking of individual pieces of merchandise.
What Waltonchain has done is taken the RFID technology to the next level by combining it with blockchain technology.. (See below)
A dissymmetric encryption and decryption module is integrated into the tag chip of this project, bringing out safer tag communication.
A dedicated storage space is integrated into the tag chip of this project for the storage of hash value of tag status and key information, which makes the tag content truly tamper-resistant;
The tag chip of this project adopts the low voltage and low power consumption design, and applies advanced technology; though with an increased size of design, its power consumption is lower than that of traditional design;
The anti-collision logic is added to the design scheme of the tag chip of this project. As a result, the collision probability is lower, and the probability of skipping - reading is significantly reduced.
Technical advantages of Waltonchain RFID tags.
It is possible to truly trace back to its source;
It is possible to achieve the anti-counterfeiting goal;
Realize the decentralization with less demanding requirements for credence;
Reduce labor costs.
Example of RFID in the real world
Rather than simply identifying an item as a box of Cheerios (as bar codes do), an RFID chip can uniquely identify a particular box of Cheerios and enable it to be tracked all the way through the sales chain, from the warehouse to a consumer’s shopping cart. This level of uniqueness in tracking can, for example, aid in the removal of expired merchandise from store shelves or assist in locating items designated as part of a product recall. - Snopes
Waltonchain's 4-phase development plan.
Walton team has formulated a 4-phase development plan, starting from infrastructure platform establishment to gradually incorporating retail, logistics and product manufacturing, and to finally achieving the full coverage of business ecosystem.
Basically Walton works with retail, logistics, and product manufacturing to improve efficiency on all fronts. The entire process from manufacturing all the way to delivery can be assisted and improved with Waltonchain. Waltonchain achieves this by developing state of the art tamper-resistant RFID (Radio Frequency Identification) chips with storage and encryption capabilities. Waltonchains RFID chips can be applied to any tangible item allowing traceability and improved security throughout its journey. Phase 1
The team has developed the clothing system integration scheme based on RFID. The system has been implemented in Tries, SMEN and Kaltendin. The condition of widely application and promotion has been met. The team starts to research and develop the RFID beacon chip with proprietary intellectual property rights.
The RFID chips will be mass-produced and used in clothing, retail and logistics. This includes store pickup, pricing, order placing, packing and storage, sorting and distribution, store management, dispatching, customer signature, customer assessment and feedback.
Manufacturers will achieve traceable intelligent packaging. The entire processes will be covered, including material purchasing, production, assembly operation, packaging and inventory management. The quality of the materials can be verified and tracked to the source easily. Counterfeit goods can be eliminated to ensure customer interests.
In the future, all assets can be registered in Waltonchain and problems in asset ownership and traceability will be resolved.
Waltonchain isn't just an idea or some dream, it's becoming a reality. Product testing with manufacturers, warehouses and retail stores is already underway. Even though Waltonchain has a long road ahead (Roadmap), I believe there will be a growing demand not just for RFID technology, but specifically for Waltonchains RFID technology. Let's take a look at some Q&A's collected from AMA's and FAQ.
How much money has gone into R&D so far? Will we see pictures of the hardware anytime soon? So far between Silicon, Dr. Kim's Lab, and Waltonchain China and Waltonchain Korea, we have approximately spent $8million dollars in R&D alone. Walton chain RFID system prototype has been fabricated and the photos will be shown next month. Does the Walton team currently hold, or have plans to file for, any patents that directly related to the RFID tag IC it has plans to produce? Walton team has written and submitted at least four RFID-related patents. our senior advisor Dr. Kim owns 10s of patents, our affiliate Silicon owns many patents as well. (As you can see form CEO Mo Bing’s introduction video). All of the above patents should be and will be readily available for our use to product Waltonchain’s IP advantages over our potential competitors. If at some point in the future other companies want to use RFID chips using technology created by WaltonChain, will they pay royalties to WaltonChain for technology patented by WaltonChain members? Yes. What would be an example or scenario, of a RFID chip applying to the average person daily life? Maybe even if they are not aware of their tech surroundings Many, e.g. supermarket merchandise inventory, RFID anti-theft system of clothing store and so on. You can pretty much think that we would almost work in any scenario with tangible products. But our focus is firstly to break through the clothing industry right now. Think about Walmart or Target and Costco, and then think about their suppliers, the businesses that supply to these large retailers. They can all be our clients. Have you tested your RFID tech with any company outside of the clothing industry? Yes, we also test in retail stores and warehouses. Why choose the application of garment industry as the breakthrough point in Phase 1.0 of this project? *The RFID tag has achieved the management of item level in the application of garment industry. Hence, the number of usage is enormous. Large amounts of experimental data can be obtained easily in the development and early application of the chip, as a result of which the chip and system technologies will mature quickly ; *Many core members of the team have years of industry experience in the field of garment, and they are also familiar with the garment industry, the application of RFID intelligent system, and the promotion of software informationization products and other areas. With abundant resources of customer channels, the upfront cost of customer development is low. Therefore, it is possible to enter the market rapidly and to build up customer base in early days. Does WaltonChain has its own blockchain? Waltonchain is a self-developed public blockchain, and the wallet is expected to be online at the end of October. For now, WTC is an ERC20 token but when the Genesis block has been mined the token based on Ethereum will be replaced by the actual Walton Coin with the exchange rate of 1:1. How much testing has been done in real companies who have opted for integration of WTC to see if it will be long term beneficial? Up to now, many companies such as Tries, Joeone, SMEN in the apparel industry, Kehua, Lipson plastic in the manufacturing industry and Xiangyu group in the warehouse industry have applied for our WTC & RFID integration system. What is impressive is that all of them have benefited a lot by integrating our system! Compared to before integration, their yield rate has increased by 1.2%, the stock turnover increased by 5.8%, the distribution efficiency has improved by almost 100%, and the inventory efficiency almost tripled in their stores. For customer information please refer to list below:
With the government subsidizing the project, are you able to provide any other insight into the involvement of the government (including other countries)? Quanzhou Silicon, the technology backup of WTC in China and a subsidiary of the Silicon Group, has been awarded the “second-class international qualification”, and has received project subsidies from the local government of Quanzhou City, Fujian province. Another subsidiary of the Silicon Group, Nanjing Silihua is also involved in the R&D of the parent chain of WTC. The block chain system developed by this company has received substantial recognition by the technology staff of the government. And it is currently applying for the science and technology award of the Nanjing government. Apart from this, Xiameng IOT Technology Co.,Ltd, another subsidiary of the Silicon Group, has received a 5-million-yuan subsidy for the project “Smart Ocean of Fujian Province”. The subsidy will be used for the establishment of an IOT-RFID system and the development of the corresponding series of products, which will be a dramatic driving force to the development of Smart Ocean industry in China. So far, the IOT-RFID product has made its footprint across the provinces and cities of mainland China, as well as in Hong Kong, Macao, Taiwan, other southeastern Asian countries, North America and Europe . Its stability, sensitivity and reliability have been the model in the industry.
The Walton Coin (WTC)
Any child chain creation needs to expend Walton Coins (WTC). As the Walton ecosystem continues to grow, an increasing number of businesses will be joining the ecosystem, as a result of which they will expend a growing amount of WTC to create all kinds of child chains. Thus, the demands for WTC will rise correspondingly.
WTC is the only token of the parent chain in the entire business ecosystem. Any cross-child-chain data transmission and asset exchange will expend WTC. Once the ecosystem has been in place, the demands from the businesses for WTC will keep expanding.
The allocation mechanism of the transaction fees (such as A coins and B coins ) expended in the important officially-released child chains will be adjusted in an innovative manner, such as those in the transaction child chain or the sales child chain which will be used in the high-frequency circulation. Most of the transaction fees (say 90%) will be allocated to the wallets of child chain book-keeping nodes, while a small proportion (say 10%) will be exchanged to WTC and allocated to the wallets of parent chain book-keeping nodes.
As mentioned in the White paper, RFID tags can also play a vital role in smart stores. Although not unique to Waltonchain here are some RFID and smart store examples..
Smart hanger function: when the customer picks up the clothes on the smart hanger, the smart hanger automatically identifies the clothing label in the hands of the customer, the touch screen displays all the information of the clothes in a timely manner and inputs the data into the background server at the same time; the analyzing software automatically counts the data and generates statistical reports of each period for managers to view.
Smart fitting room function: when the customer picks up the clothes and walks into the fitting room, the smart fitting room automatically identifies the clothing label in the hands of the customer, the touch screen displays all the information of the clothes in a timely manner and inputs the data into the background server at the same time; the analyzing software automatically counts the data and generates statistical reports of each period (houmonth) for managers to view and estimate the production plan and popular designs according to the fitting rate.
Quick check-out function: using RFID can automatically identify the target information, the receiver can read multiple tags at once within its effective working range to achieve the simultaneous identification of multiple products, thus speeding up the check-out process and improve customer satisfaction.
Quick Decisions: A customer can't decide which of 3 dresses she wants. To help her decision, she looks at the RFID data and the movement of the dress in the store. It's there that she notices dresses #1 and #2 are often taken to the fitting rooms, but from there, dress #1 outsells dress #2. Dress #3 on the other hand barely makes it to the fitting room at all. Now, she's able to refine her decision making.
RFID technology is a rapidly growing market estimated to reach $40 billion by 2025. It's a competitive market with RAIN RFID (Board of directors include Google, Impinj, AIM, Smartrac and Amazon) but don't let that discourage you.. RFID is still in its infancy in terms of implementation which means there is plenty of room for growth and competition. And let's not forget, Waltonchain also has an impressive team and something RAIN doesn't... Blockchain technology. Waltonchain has patents readily available which gives it advantages over potential competitors. You know.. I am not a writer but I tried to summarize Walton and it's potential the best I could. Even after reading this post you may not understand the probability of success. But i'll tell you this.. Finding manufacturers and retail stores in China to help launch this technology is NOT difficult at all. It would be quite the opposite, manufacturers and retail stores would be more than willing to participate considering the benefits RFID provides. It's the blockchain technology behind Waltonchains RFID chips, the ongoing research and development, the security, the intellectual property and everything in-between that makes Waltonchain valuable. Now I am not saying I think Walton will own every RFID smart-tag in existence, but I do believe Waltonchain's technology has potential to capture a good portion of the market long-term. Now remember, I am just telling you why I am holding Waltonchain and you should always research and come up with your own assessment before investing. Regards, BTC2018 Upcoming Waltonchain Events
Migration to own blockchain - End of October
Wallet released - End of October
RFID and Internet of Things:
The number and range of IoT applications that can be envisioned with RFID devices are simply tremendous. The inherent value of RFID lies in enabling “things” to report data in real time for faster, quicker, more interactive decisions both at the industrial level and — increasingly — at the consumer level. Perhaps the best-known concept, sometimes called the “killer app” for IoT, is the interconnected, automated home, where people can interact with everyday devices in their homes. This vision of the future sees appliances such as refrigerators being aware of their ‘state’, and knowing when to order and replenish groceries; electronics such as lighting, music and TV automatically tuning to individual preferences, which can be managed by presence (proximity to RF-enabled device), by time or by sensory input; access solutions, whether logical ones for Wi-Fi user authorization, or hands-free operation of doors and windows... the possibilities are truly endless. - Smartrac Group
The global radio frequency identification (RFID) technology market is estimated to reach USD 40.5 billion by 2025, according to a new report by Grand View Research, Inc.MarketWatch, May 2017
"We definitely see continued growth in retail, and unfolding to the point that it becomes as common as the barcode," - Carl Rysdon, VP of sales for Checkpoint Systems
"As good as this sounds, and as big as these numbers might appear, RFID adoption is still only scratching the surface — even when looking at retail apparel applications, where RFID tagging is perhaps achieving 1% of the total available market. Looking outside retail apparel, it’s even more obvious that RFID is still in its infancy in terms of implementation, considering the trillions of objects all around us that can be RFID-enabled." - ChainLink Research
Late buy-in of Cryto as nonbuyer's remorse, pricing itself out of a recessione, rumblings of approval despite quantum decryption threats, use in crimes, and predictive NLP "Trump's currency is dividing us" says one thing: Get you to the blockchain and open that trapdoor
The title really says it all. Some say I'm butthurt about the late buy-in on crypto. If only I had bought myself a bitcoin when I gave a bitcoin to James Corbett...I'd be RICH. Well yes. That's exactly what they want me to think. You missed the boat on the deepstates own currency--Sucka! And shame. Shame on you for not having a bunch of disposable income to throw into a highly speculative hobby. Too bad you aren't a dot com millionaire who basically recreated twitter and IPO'd at laughably nonsensical overvaluation of 200M that you couldn't throw most of those millions into bitcoin, because that would make you a billionaire at this point. You couldn've been playing giant robots with Bezos in his high tech romper room. Too bad! Plebe. Lumpen plebe. You suck. Right? The latest thing is the twighlight language trying to further divide us with more "love trumps hate" type of languge. The latest shitmeme is from DNC chair Perez: "Trump's CURRENCY is Dividing us". This is a twilight language because it's trying to use black transfer propaganda language abuse to tie "currency" to "Trump", which is trying to make you hate "currency". Ya dig? So that when they offer a new 'currency', you will hate "Trump's Currency' which is the dollar. Screw Trump and all his dollars! Dollars are for Trumpers. Dollars are so 2016. Crypo man. Gotta get me some of that Crypto and get with the progs Sorry, the source is Breitbart, which you should know is kind of limited hangout altright mainstream press.
Crypto skyrocketing under principles hitherto unseen. Is there really THAT much confidence in a thing based on nothing with no protections, that is difficult for most people to even think about deploying in any secure or technical way. I say this being not an expert but competent in crypto.
I ran linux, I set up a couple grand mining rig with 4 gpus. Noisy. Loud. Annoying. It NEVER PAID FOR ITSELF even though projections were made to pay itself and then make money. It never did. I did everything right. I was mining in a mining pool. Now, no one without several millions can mine. There is now a barrier to entry for anyone getting started in mining. I'm talking bitcoin. Maybe other coins you can mine still
Therefore the cost of electricity needed to mine a bitcoin along with the marginal cost of the equipment makes it so you can't mine on any small or even medium scale...what i mean is you are better off buying bitcoin from an exchange
Where is the exchange getting all that bitcoin from?
Those who have bitcoin don't want to get rid of it...it's skyrocketing why would they sell unless they are trading crypto!
People on zerohedge are saying flipping crypto doesn't work, everyone's lost money--maybe they are wrong... Keiser was pushing this
So keep in mind, when Silkroad and Silkroad 2 went down, who confiscated all that bitcoin? Ahem. It was the US GOvernment. I believe at one point they had over 50% of the market, so that means they effectively control bitcoin circulation...therefore...
So where are the exchanges getting their bitcoin from...that much bitcoin to trade every day?
Well from asset forfeitures...It's the government. I believe they are running the exchanges
It fits their pattern. The best way to control a subversive currency is to buy most of it up (sorry there's a Lenin quote in there somewhere)
Someone has made it VERY clear they don't like me saying these things. I mean if I'm wrong, then why...?
We also know because of leaks that they run the drug purity testing houses, and they ran alphabay and they run all the darknet drug sites. LOL
It's all an illusion folks
So here's what happens. They are prepping people to use bitcoin. So when they cay ICO, it doesn't mean as much 'Initial Cryptocoin Offer' as it means "Illuminati Cult Offer"... That temptation of the money from crypto skyrocketting is pressing everyone's avariciousness buttons and only the dumbest among us go for it Because here's what happens. Scenario 1
You move most of your USD to bitcoin, it goes up like a stock. Yay, I have more wealth.
Lots of people do this instead of storing wealth in precious minerals or investing in something real like your own business or yourself or your children or a farm
Lights out! "North Korea Attacked the powergrid with our own retooled cyber tools leaked with vault7" Uh oh
The US Gov now has all your wealth becuase you traded it for useless crypto that doesn't work when lights out
Or they just drop the price to nothing. That's even easier. Oh no..it was a crash!
No one really knows why these things happen...they just do!
Wall st crashes are the best way to pump money out of the people. We know they control the market to some extent, they could be controlling it to a larger extent
You move most of your USD to bitcoin
US GOV or some other hostile intelligence agency releases an AI that manipulates the market to favor itself
US GOV or some other hostile intelligence agency achieves the ability to unzip the blockchain with a quantum attack on the non-quantum proof algorithms of crypto. Ok everyone is exposed and could potentially have all their money siphoned away
You move most of your USD to bitcoin
Gov approves crypto
All those gains you made are retroactively made into capital gains and you didn't pay taxes on them
IRS comes after you, USMS comes and does asset forfeiture of your house and car, visits you at work demanding to see your computer there, shaming you. You lose your job, shamed on facebook, have to change your name and move
Sorry I'm so cynical these days but I've seen how they've pulled every stop in the book to undermine americans irrespective of politics. They are hurting everyone equally in each their own ways. They=deepstate / new world order. Basically this is coming down to Technoneofeudalists versus Populists. Are you on the side of the fascist dominators? Or the side of people, truth and everything we gave ourselves in the constitution? What inspired this post is the idea of honeypots. The honeypot is also the free-sandwich technique. Anything free is going to have strings whether you see them or not With google it was they were telling you 'do no evil' and yet we now know they are a CIA appliance for surveillance, bulk collection of deep mineable data, gaslighting (filter bubbles), and a domestic human zoo management strategy. Now they are attacking journalism by deploying very heavy-handed strategies to limit speech they dont' like politically (ie populist speech--'open source intelligence' primarily) They hate that we deal in facts and that the natural configuration of the truth is as a weapon against tyrants. Because they are the tyrants! Bitcoin, I still believe, will turn out to be a honeypot. They will use it like the stock market (which they control on the back end through fast transactions and ai, in addition to having insider intelligence on gov contracts and war). They will get everyone on bitcoin and then they will open that trapdoor. It's a money funnel..that's what it will be. I do understand that it will destroy money also if they do that. But that's ok. They already have all the gold and all the infrastructure to spin up more shell games...to them money hasn't existed for a while. Their currency is stolen art, stolen guns, stolen minerals, stolen children, stolen women, stolen organs, drugs, embargoed oil sold on the spot market. They dont need money. They've been bartering since time immemorial
XRB does one thing: P2P transactions fast and free. With the scalability problems we’re seeing with blockchain right now it is no surprise that a project like this would take off. It is also one of the reasons that IOTA took off the way it did. XRB and IOTA are similar in this way, but in my opinion IOTA has a much brighter future. Fast and free transactions are great, but unless the coin is actually being used it is worthless. There are many coins that are focused P2P. Bitcoin obviously is one of them. People like to hate on Bitcoin right now because it is failing to scale, but the truth is that it is the most secured network of all time. It may be slow and expensive right now, but it has proven itself to be anti-fragile and will always be valuable because of this. XRB has not yet proven itself to be secure and I have my doubts because there is a lack of incentive to keep its nodes decentralized. It also hasn’t been tested by a huge amount of transactions. If Bitcoin makes any improvements in scalability XRB becomes obsolete quickly. This is not the case for IOTA. A lot of people are quick to point out IOTAs current flaws. The reason IOTA has these flaws is because it is a project early in its development with grand ambitions. This is a positive thing! XRB is complete. It does what it does and that’s it. Even with a completed project its future is very murky. Imagine a fully completed IOTA for a second. It would be entirely decentralized and secure due to having nodes installed on IOT chips in many of our everyday appliances. Instant and free M2M and P2P micro transactions with unlimited scalability. A huge step forward towards a more automated and connected planet. XRB can only ever be a means to transact P2P and there are a ton of competitors in that space. IOTA can change the world and they’ve got a huge head start.
If you wish to trade in digital currencies, you're visiting would like a platform on that to trade them, associate degreed an go-between to speak with the network. Most people don't have the technological wherewithal to speak with the blockchain, or to store our digital currency. That’s wherever DELTA EXchange comes in. DELTA EXchange is a world’s digital plus exchange company , providing a platform to shop for and sell digital currencies, furthermore as send data concerning those transactions intent on the blockchain network so as to verify those transactions. DELTA EXchange is a case, too, wherever the digital currencies is keep. the appliance operates exchanges of Bitcoin, Ethereum, Bitcoin money and Litecoin, furthermore as alternative digital assets with order currencies in thirty two countries, and Bitcoin transactions in more countries. consistent with their web site. https://preview.redd.it/lw1uevxby3231.jpg?width=1200&format=pjpg&auto=webp&s=54c6f12e2b7dc2339d5628d54fa9a6c0738a2a2a DeltaEx Coin will be similar to a trading bot mechanism, but simplified to allow utilization by investors of all experience levels. With this coin there is no need for external trading programs that sync to the DeltaExchange platform because it will be integrated into the platform. Programmed algorithms, and their underlying movement patterns, will be formulated through communication between the user’s profile, their DLTX holdings and the DeltaExchange platform. DeltaEx Coin will also provide a discount to users when accessing our innovative services on the exchange, including accounting services, Trading Bots and Artificial Intelligence (Al) trade recommendations.
tDeltaExchange is expanding globally, acquiring more client base, using online promotions multi level referral programs where users can earn certain percent from trading commission.
tDeltaExchange has tied-up with many social media platforms and crypto forum communities to run bounty programs where users will be rewarded for completing the bounty, such bounty programs will be updated on the website time to time & sent to all its users via newsletters.
tWith these online activities users/leaders/traders can earn DeltaEx coin which they can store for its future profits. DeltaEx coin could be one of the best crypto assets since its pricing is directly linked with the performance of the exchange or users may sell DeltaEx coin at DeltaExchange for Btc, Eth or USDT or even sell at upcoming third party exchanges.
You can use DLTX to pay for any fees on our platform, including but not limited to:
In a future where IOT becomes the engine room of our economic growth, DeepCloud AI will definitely have a major role to play
Internet of Things, IOT is a vast network of home appliances, vehicles, smart gadgets, sensors and applications, all working in tandem to exchange data with the internet and one-another. The IOT allows machines to be controlled by one another within a network system . As a result, work efficiency is amplified and the risk of human error is minimized In few years from now, our homes and cities will become more smart owing to the proliferation of sophisticated information gathering devices. From vehicles, smart gadgets, radios to refrigerators, every smart device connected to the internet will become more adapt to their environment through self-learning. In a future where IOT becomes the engine room of our economic growth, transforming our lives and environments, DeepCloud AI will definitely have a major role to play. #deeplearning #NeuralNetwork #machineLearning #Blockchain #bitcoin
Overall Rating: 4.2 out of 5 IOTA is a cryptocurrency that facilitates transactions between devices on the Internet of Things (IoT). The name derives from the 9th letter in the Greek alphabet, and also stands for ‘the smallest possible unit’. IOTA addresses the transaction fees and scalability issues of blockchain technologies by getting rid of the blockchain entirely, instead opting to use DAG technology. In order to submit a transaction to the IOTA ledger, you must verify two other previous transactions. This method of verification means there’s no need for miners to power the network. As the devices on the network randomly verify each other’s transactions, they build consensus through the web of connections between transactions. This network is called ‘Tangle’. Read the full analysis here - https://cryptorated.com/coin-analysis/iota/ Since computing power in the Tangle grows as the network grows, IOTA is promising free, fast transactions. It’s also designed to process micro-payments and payments between machines, facilitating a whole machine-to-machine micro-economy. While the technology is very new and exciting, there are critical issues to be resolved, such as replacing the coordinator, and limiting attack vectors. Nonetheless, the team is packed and talented, and IOTA is regarded as a project with game-breaking potential. At 28 pages long, IOTA’s whitepaper is very methodical and technical. It is designed more like a scientific article than a sales pitch, and there is a broad use of technological terminology in describing the mechanisms behind IOTA’s DAG implenetation – the Tangle. There is heavy use of mathematical equations that exceed the layman’s field of knowledge, therefor it is not as readable and accessible as other project’s whitepapers. Nonetheless, the technology IOTA are trying to implement has the possibility to be ground breaking, and their approach shows that this is their main concern. It doesn’t elaborate past the technicalities of the Tangle network, its assumed resistence to attacks, the infrastructure, and the crowdsale IOTA had that raised roughly 1300 BTC is not mentioned. Overall it is a very dry, thorough, technical piece of information that indicates how much thought and analytical work was put into this project. IOTA is a cryptocurrency that has no transaction fees and requires no miners in order to process transactions. It does, however, require some computational power to submit a transaction, making it perfect for machines to use as a currency and distributed communication protocol for the Internet of Things, or IoT in short. Some of the major issues IOTA is trying to solve are the same problems that plague PoW based blockchains such as Bitcoin – Scalability, security and fees. In IOTA, which implements a Directed Acyclic Graph based design, every user is both submitting and verifying transactions. So every user contributes both to verification, and security. Transactions are verified multiple times by different users, as it keeps getting approvals, the degree of confidence for that transaction increases. Since we’re dealing with the Internet of Things, the use cases are practically endless, with physical devices, smart vehicles, home appliances and other common items embedded with hardware that can connect to the internet being more and more prominent. Experts currently estimate that the IoT will consist of about 30 billion objects/devices by 2020, and the IoT global market value will be around 7 trilliong USD. Some of the more feasible, short to medium term use cases for IOTA can be named as example: IoT based transportation (Imagine an IoT connection between your smartphone and the train you’re about to miss, that allows to you pay in advance/pay for distance traveled, help you determine whether there are available seats, and more) and IoT based tellecommunication systems (Your smart TV can pay Netflix and HBO directly, your iRobot can clean your neighbor’s apartment while you’re at work). IOTA’s appeal is massive – the western world is rapidly becoming more interconnected. Smart TVs, smartphones, tablets, smart home appliances – all of these are more prominent than ever. If IOTA can truly implement their vision properly, the target user base is, well, everyone on Earth. Innovation-wise, the Tangle is an impressive feat, with its only weak point, or Achilles’ Heel if you will, is the Coordinator, a centralized point of access that is there to serve as ‘training wheels’ for the infrastructure in its infancy stages. Competition-wise, there are some competitors in the blockchain scene (Xage, Slock, Exxor and more) but IOTA is by far the most established and trusted one. No DAG based infrastructure that tackles the IoT currently exists out there to the best of this review’s author’s knowledge. Read the full analysis here - https://cryptorated.com/coin-analysis/iota/
05-07 15:14 - 'Ledger developer of security products for cryptocurrencies and blockchains' (self.Bitcoin) by /u/CryptoMacroTrends removed from /r/Bitcoin within 28-38min
''' Developer of security products for cryptocurrencies and blockchains designed to provide a trust layer between the blockchain system and the physical world. The company’s line of products for the cryptocurrency and blockchain market include hardware wallets for consumers, server appliances for enterprise and embedded technology for connected objects, which are based on a low-footprint crypto-embedded operating system built for secure elements and secure enclaves which enables full orchestration of code and systems directly from the secure core, enabling secure blockchain applications for enterprises, industrials and consumers. Deal (New) Early Stage VC, 2019|Completed. The company raised EUR 2.6 million of venture funding from Samsung Venture Investment on April 25, 2019. ''' Ledger developer of security products for cryptocurrencies and blockchains Go1dfish undelete link unreddit undelete link Author: CryptoMacroTrends
Bitcoin vs. Ripple and why I believe in Ripple (5 min. reading time)
My English grammar is not that good, so please forgive me for my mistakes. In advance I want to say that the blockchaintechnology behind the digital currencies is revolutionary. This technology will definitely leave his marks in the financial world. Compare the blockchaintechnology to the first car ever made. The first car was also revolutionary and have changed our perception on mobility since then. But also the first car had some shortcomings. It wasn’t very safe to drive, not quite comfortable and not functioning optimal. Thanks to further development cars are now indispensable in our daily living. Blockchaintechnology still has to go through this development in the nearby future. Nowadays almost everybody refers to Bitcoin if you start talking about digital currencies. Bitcoin is very popular and well known among a lot of people. But still I don’t think the Bitcoin will have any role of importance in the future because the coin has some shortcomings. First of all, money needs to serve as a medium of exchange, facilitating transactions between different parties. Due to high volatility of the Bitcoin this is not possible. The coin has increased strongly in value since his introduction. In a real economy this would cause a wave of postponing payments for goods and services. Simply because they are able to buy more things tomorrow for the same amount of money. This grinds the economy to a halt. In the second place money has to be a store of value. Allowing people to hold on what they have for later. Due to the low interest rates on your saving accounts nowadays I understand that people think that the Euro for example doesn’t meet with this main function. But look at the Bitcoin. The value of the Bitcoin is uncertain, because it’s fluctuating strongly. The Bitcoin could be worth more today than tomorrow and vice versa. This means that the Bitcoin is unreliable for storage. Now you might think: “But the value of the coin has increased enormously since 2009, so it should be a great store of value.” In my opinion it’s not. I believe the Bitcoin is a bubble. I refer to this paper https://media.algebris.com/wp-content/uploads/2017/09/2017-09-21-interplanetary-bubbles-1.pdf. On page 3 you find 10 typical characteristics of a bubble. At least 7 of them I can link to the Bitcoin. Characteristic such as: ‘this time it’s different’, ‘the fear of missing out’ and ‘the sky is the limit’. Just look at the comments on this forum such as ‘to the moon’ and ‘lambomooning’. These are perfect examples that match to the characteristics written in the referred paper. Digital currencies are a hype right now. Hypes come and go, also the Bitcoinhype. In the third place money needs to be a unit of account. Serving as a common measure of the value of goods and services being exchanged. Again because of the high volatility this is a shortcoming of the Bitcoin. Imagine going to a bakery buying a bread for 1 BTC this week and suddenly you have to pay 5 BTC the other week. Like WTF?! Besides these 3 shortcomings the Bitcoin has a deflationary character just like gold. One of the main reasons why there is no more Gold Standard. The only difference is that you need to mine Bitcoin’s and the gold needs to be delved. If the financial system collapsed you’re glad to have some Bitcoins or Gold, but I prefer gold since it’s tangible and is more functional as a medium of exchange. The Bitcoin is limited to a maximal amount of coins circulating. The quantity of the coin is not elastic, so the Bitcoin is not able to adapt to any form of economic growth. In this current state I estimate the viability of the Bitcoin very low. Perhaps in the future this might change due to further development but for now I see the Bitcoin as wronged money. This is my opinion about Bitcoin. Maybe I’m wrong on some points but this is just what I think. People are free to believe in whatever they want, so are the people that believe in Bitcoin. The future is uncertain, so time will tell what happens to the Bitcoin. Then there is Ripple. A company that I know since the beginning of this year. At my university we have a lectureship specialized in the optimization of business processes where I worked for a little while. As a student business economics I didn’t know that much about IT, but blockchain got my attention since then. From that moment I believed in blockchaintechnology. Take for example a look at good economic innovations. Thanks to cars and planes we’re able to travel much faster from A to B. Thanks to invention of household appliances women were able to participate on labour market in the 1950’s. I think Ripple is also a true innovation. A company that offers a solution for global payments between financial institutions and lies more closer to the traditional payment system compared to the Bitcoin. I believe in Ripple. Thanks to the blockchaintechnology it lowers the transaction costs, reduces inefficiencies and executes several risks. Ripple is also deflationary but has a maximal supply of 100,000,000,000 XRP. A huge difference compared to the maximal supply of the Bitcoin. Besides that there is a lot market transparency with their escrow account. I know there are more technical benefits with Ripple like stability and scalability but most of us know already know them. Thinking about blockchain in the future I see potential for Ripple. The Ripple network functioning as a ‘bridgecurrency’ to transfer regular money from one place to another with the blockchaintechnology they created. The company is trying to solve a real problem in the world and is focusing on this problem only. This is why I believe in Ripple. The viability of Ripple is in my opinion much higher. But remember, the future is uncertain. We don’t know what will happen.
The Future of Blockchain Tech: Looking Ahead by a Decade
Bitcoin officially turned 10-years old at the start of 2019. Moreover, it is safe to say that Bitcoin and blockchain technology has evolved exponentially over the course of the past ten years. As of 2019, major freight companies like Maersk are already using blockchain tech to track freight as it is shipped port to port. Likewise, blockchain tech developed by the Ripple Foundation is already being used by major financial institutions like American Express. The only question is, what might the world look like 10-years from now? Bitcoin will have Reached $1 Million in Value The first thing anyone wants to know when looking onto a cryptocurrency crystal ball, is will Bitcoin ever reach $1 million? The answer to this question is simple, yes. However, it is also likely that by 2029, Bitcoin will have reached $1 million but have already pulled back sharply. By 2029, Bitcoin mining costs will have risen exponentially. It is, therefore, highly likely that Bitcoin will crash after reaching $1 million, as mining becomes economically unsustainable. Multi-Asset Trading Platforms will be the Norm New multi-asset trading platforms like UPROSE, are already laying the foundations of decentralized exchanges where cryptocurrency and international commodity market assets are traded instantly across borders. By 2029, it is, therefore, likely that FX trading and exchange of commodities like gold and crude oil, takes place exclusively on decentralized exchanges. Blockchain Tech will be as Ubiquitous as Smartphones are Today Several world governments plan to roll out 5G mobile telecommunications technology as early as 2020. When this happens, the long-awaited Internet of Things (IOT) will finally start to materialize. Moreover, given security concerns arising from ubiquitous connectivity, it is natural to expect that IOT apps of the future will be blockchain based. Today, blockchain tech-based startups are already looking at ways to secure self-driving car AI systems using blockchain technology. In ten years, everything from computer operating systems and smart home appliances will, therefore, likely depend on blockchain-based security protocols. Future Blockchain Development will Focus on Quantum Computing Resistance Today, several D-Wave quantum computers capable of processing 2,000 qubits of data per second are already in operation. Each could easily break the encryption of many top market cap cryptocurrencies and decentralized apps. Future blockchain development will, therefore, likely focus on the development of quantum computing resistant cryptography and consensus algorithms. Banks Will use Blockchain-Based Transaction Ledgers as Standard Mainstream financial institutions love to loathe Bitcoin. However, American Express, Santander, and several other banks and payment processors, are already using blockchain technology to improve security and transaction settlement speeds. Blockchain Tech will form the Backbone of the 2029 Internet Cybersecurity experts in 2019, are already identifying emerging AI systems as a potential problem for future Internet security. For this reason, future blockchain development will likely be synonymous with Internet security, as blockchain tech is used to safeguard sensitive data systems. Do you agree with our 2029 blockchain tech predictions? If so, make sure to comment below. Alternatively, let us know what you think the world of 2029 might look like. For more info visit: UPROSE
INTRODUCTION The Internet of Things (IoT) paved the way for plenty of internet based infrastructural designs to be made possible, social media platforms were created and lots more, but none of these design is as special as the Blockchain Technology as it can be used and applied into various forms of day to day activities either offline or online. The blockchain technology is culled from IoT originally created to serve as a fintech (financial technology) service because the first blockchain designed in 2008 was created to house the first cryptocurrency 'Bitcoins' but as time progressed, technology advanced and more genius came into the blockchain/crypto space which made the blockchain technology even better as they studied it more, removed or reduced its existing flaws so that it can better serve the masses. The Internet of Things (IoT) came with some flaws which if it isn't taken care of would turn the good work of some great people to bad work. IoT created plenty of opportunities including internet and telecom services, now to make use of this service one must make payments to providers which are in form of IT companies which usually includes the payers full details and this is where the flaw comes in. In any financial service whereby the user would have to give out their data is already flawed as the users data could be sold by the company, stolen or used for fraudulent acts. The current IT and service provider companies are flawed in protecting their users data, does not ensure privacy and anonymity of transactions made by their users. eCommerce platforms are also a part of this disadvantage which is why Uplexa is developed to address this problem and tackle it once and for all. Uplexa actually implements one of the greatest development of IoT which is the Blockchain Technology to make perfect the solution it presents to the public. What Is Uplexa? Uplexa is a blockchain based peer-to-peer (P2P) electronic payment system directed at controlling the power of IoT (Internet of Things) and anonymity. Uplexa has its own specially in-built blockchain which utilizes the most recent model of an algorithm known as CRYPTONIGHT, and this CryptoNight algorithm is utilized in the Uplexa blockchain to ensure maximum anonymity and privacy of every user transaction in the system thereby making private transactions untraceable. Uplexa is designed to work hand in hand with IoT devices such as smartphones, desktop, tablets, laptops, smart TVs, smart cars and appliances, servers etc and will support anonymous based payments especially for internet and telecommunication service providers, anonymous based e-commerce as well as profitable IoT transaction mining. In the mining aspect, the Uplexa team plans on developing softwares for each of the specific devices mentioned above which will be capable of mining Uplexa with a percentage of the devices idle CPU. Aims Of Uplexa.
Uplexa aims to establish anonymous payments made to telecommunication and internet service providers as well as eCommerce.
Uplexa aims to lauch it's own special eCommerce platform which will be able to support anonymous transactions, anonymous merchants and also disapprove the storing and sale of personal information for marketing or any other purposes.
Uplexa aims to be the most profitable coin as users with IoT devices can mine the Uplexa coin using a specific percentage of unused resources.
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ArcBlock ICO Review - 'Born for Blockchain 3.0' - Hunting The Coins
Hi guys, today I will be reviewing the ArcBlock 3.0 ICO. Arc Block claims to be a progressive block chain appliance based company looking to open block chain use to the public. My Telegram: https ... As all appliances we are using are joining the Internet of Things (IOT) bandwagon; security, reliability, consistency, identity among the many challenges faced by IOT. Marrying IOT with Blockchain ... Learn how Specright Network, powered by blockchain, is enabling companies to share data in real time, enabling traceability, speed-to-market, and collaboration. Combining a modified Bitcoin Core infrastructure with an intercompatible version of the Ethereum Virtual Machine (EVM), Qtum merges the reliability of Bitcoin’s unfailing blockchain with the ... What business and IT leaders should know about privacy in blockchains and how to solve current issues with Camelot Trusted Computing Appliances. More at www....