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Tag: digitally

Business need for smart contract developer on the rise

In easy terms, a sensible contract helps verify, control, associated executes an agreement digitally. It's a program kept on the blockchain that's set to...

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A more sustainable Catalyst

Demonstration tests underway in Prague using sustainable fuels have provided initial insights to the joint teams of CVUT, GE and Avio Aero, who are now aiming to run with 100% SAF.     A little over two months passed since last November, when GE Aviation Turboprop and the Czech Technical University in Prague CVUT started […]

The post A more sustainable Catalyst appeared first on Aerospace.

Social Media Platforms prioritized by small businesses in 2022

The internet has become the best tool to reach an audience today. According to Statista, internet users spend 3 hours daily on average on the internet for communication, entertainment, and other purposes. This has encouraged small business owners to connect with their target audience digitally. To drive conversations and achieve desired results, small businesses need […]

The post Social Media Platforms prioritized by small businesses in 2022 appeared first on GreatLearning Blog: Free Resources what Matters to shape your Career!.

‘Netflix of games’ isn’t likely, says analyst

Research firm Ampere isn't convinced that subscription services like Game Pass are taking over gaming.

RTGS Global solution disrupts cross-border payments status quo

While the payments sector has developed, wholesale cross-border payments have been left behind. RTGS Global solution disrupts the status quo.

The post RTGS Global solution disrupts cross-border payments status quo appeared first on LendIt Fintech News.

Painting the Metaverse R.E.D. with Esports

The following proposes a partnership between Horizon Worlds, a social virtual reality app from Facebook (Meta), and several major esports organizations. The objective is to demonstrate how non-gaming virtual worlds can build trust with and attract gamers through esports marketing.   Here are some key takeaways:  Today’s Metaverse is divided   Competitive video games (esports) […]

The post Painting the Metaverse R.E.D. with Esports appeared first on Esports Group.

Sapien Network building next-gen social networking ecosystem for DAOs powered by its NFT passport

Sapien Network building next-gen social networking ecosystem for DAOs powered by its NFT passport
Sapien Network is building a next-generation social networking platform for DAOs and community members to fully realize their potential. The project aims to build unique tools and solutions that will revolutionize content organization and communication while tackling scalability difficulties in communities as a decentralized community-driven social network. Sapien intends to break down control barriers and […]
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Glia Joins Fintech Unicorn Club After $45 Million Funding Round

Glia recently raised a $45 million Series D investment round. The round values the company at over $1 billion, making it a fintech unicorn. Glia said the funds “will be heavily allocated toward research and development.” Digital customer service tools provider Glia is now valued at over $1 billion, making it fintech’s newest unicorn. The Read more...

The post Glia Joins Fintech Unicorn Club After $45 Million Funding Round appeared first on Finovate.

Everything Brands Need to Know About the Metaverse

Throughout the COVID-19 pandemic, the internet and social media helped us connect with our coworkers, friends, and loved ones during times of extreme isolation.

DeFi App Frontier Adds Tezos Integration

Frontier users can create multi-coin wallets and store Tezos-based assets on the Frontier app.

The post DeFi App Frontier Adds Tezos Integration appeared first on BitPinas.

We May Soon Have Global Digital Identities – Part 1/2

The United Kingdom government has announced plans to establish new legislation to manage the advent of digital identities for use in modern society in a secure manner (1). While announcing the news last week, following a consultation period (2), the DCMS department for culture, media, and sports stated that digital identities might soon replace physical […]

Long road to recovery ahead for flood victims in New South Wales and Queensland

As the aftermath of the historic southeast Queensland and New South Wales floods reveals itself, ...

The post Long road to recovery ahead for flood victims in New South Wales and Queensland appeared first on realestate.com.au.

Could Algorand be the Future of Blockchain?

Could Algorand be the Future of Blockchain?

What is the future of blockchain and cryptocurrency? That’s one of the most common questions on the minds of many crypto investors or enthusiasts. While many believe Bitcoin will become the world’s reserve currency, others predict privacy coins like Zcash will take over. But there may be another contender who could be one of the biggest blockchain technology breakthroughs. That is Algorand, an innovative platform based on proof-of-stake algorithm and security deposits. A Review of Smart Contracts What is a smart contract, really? It is a computer program that controls financial assets or property and executes exactly as programmed. It’s to digitally facilitate, verify or enforce negotiation or performance of an agreement. So, there is no need for a third party (like a bank). Essentially, the intention is to replace trust in humans with trust in code. But what does that actually mean for you and me in practice? How will smart contracts change everything for blockchain technology? How do we decide which ones are best for our own needs—whatever they may be? Let’s take a closer look at some potential use cases of blockchains when it comes to smart contracts. ​ One of the most useful applications of smart contracts in decentralized file storage. For example, suppose someone wants to store data on IPFS but can only commit small amounts of money at a time due to constraints set by their employer or university. A simple algorithmic script running on the blockchain allows them to store that piece of data on IPFS without actually owning any cryptocurrency while still gaining credit for other contributions made during their workday. In this way, everyone involved gets access to decentralized storage without needing any cryptocurrency​ themself! How does Algorand Work? Algorand is a new blockchain architecture that focuses on solving several problems that exist in existing blockchain models. The primary goal is to achieve security guarantees like those run by classical Byzantine fault-tolerant (BFT) consensus algorithms. However, unlike PBFT and Tendermint, Algorand requires just 16 nodes to agree on every block. Furthermore, it does not rely on third-party services to run its network. This implies that no single party may withhold service, disrupt processes, or manipulate results without majority consent. Simply put, there’s no way for a bad actor to take advantage of their position and tamper with data. Furthermore, each node validates all transactions locally and must decide on each one independently before acting. Even if an attacker temporarily controlled several of Algorand’s sixteen consensus participants, he would have minimal leverage. His ability to perform future transactions would be limited. He wouldn’t have access to information about prior transactions until they were recorded into blocks. Therefore, he would be unable to predict their effect on his reputation score reliably or otherwise corrupt them. The Problem with Bitcoin, Ethereum, and Other Cryptocurrencies The problem with cryptocurrencies is that they don’t scale. For example, Bitcoin currently carries out 7 transactions per second, while Ethereum can only handle 15. This means that you can’t support a truly global economy with either cryptocurrency as a foundation, not even on a regional level. Many other cryptos are attempting to fix scaling problems. However, few have gained enough popularity for their use cases even to matter yet. And if the use of cryptocurrencies isn’t widespread, how will businesses or governments fully use them? Or do we want them to make full use of them? Besides, all of these cryptocurrencies run off some form of blockchain technology. So there must be something better than blockchain technology for us to get true scalability and better usability. The Problems Algorand Identifies From Other Blockchains There are two core problems concomitant with today’s blockchain applications: scalability and security. Scalability is a matter of size related to how many transactions per second an application can handle. On the other hand, security is a big deal for financial institutions and companies who don’t want careless sharing or compromise in sensitive data. Traditionally, having multiple computers confirm every transaction addresses these issues. The idea is to create redundancy by dividing those transactions among several devices rather than one mega computer. Then, if something goes wrong on one device (or gets hacked), others pick up where that device left off. That strategy has some pretty serious limitations, though. First, because everyone needs to process every transaction, scalability remains on a tight leash no matter how many computers you add-in. Another issue is that only one group can process all those transactions. It’s not very private when everyone knows exactly what everyone else is doing. And finally, there’s latency or lag time. As more people join a network, it takes longer for your transaction to appear as part of that network. This is because each computer must first verify everything before adding its approval on top of everything else. That makes … Continued

The post Could Algorand be the Future of Blockchain? appeared first on Cryptoknowmics-Crypto News and Media Platform.

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