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Showing posts from November, 2022

How to develop dApp on Avalanche?

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Avalanche was launched in September 2020 with remarkable features and exceptional transaction speed, one of the recent additions to the blockchain ecosystem. It is an open-source protocol using a proof-of-stake consensus mechanism and enables the creation of decentralized applications and other blockchain services. Avalanche has its native token called AVAX. Known as the "blockchain of blockchains," it is a hybrid of three blockchains, each of which tailors to specific use cases: Exchange (X ) Chain - Facilitates asset development, management and transactions. Platform (P) Chain- Enables validator coordination and management of subnets. Contract (C) Chain - An Ethereum Virtual Machine instance that enables smart contract development. As the Contract chain facilitates the creation of smart contracts necessary for dApp development, we have to understand the Avalanche Contract chain briefly. Avalanche Contract (C) Chain The C-chain is the default Avalanche smart contract blockc...

AI in web3 - the paradigm of AI adoption in web3

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Experts predict that AI/ML will influence a wide range of technologies and industries, and web3 is no exception. However, there are technical hurdles that web3 technologies must overcome to adopt AI. It is therefore important to understand how AI can be integrated into web3 technologies overcoming the major obstacles preventing this from happening. If we deeply look into AI in web3 , AI-based solutions are currently primarily centralized. The real question is: what role will AI play in the new decentralized web3 world, considering all the hype around it? How can we unravel AI's tendency to centralize? This article will go into the details of AI in Web3. Web3 - an overview Web3 is a high-level concept that describes the future internet. It is about sharing power and benefits via decentralization. When web3 is fully functional, it will free the internet from the centralized control of a handful of large technology companies. Users will be able to control their data, resulting in grea...

What is Blockchain and what are its use cases

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Blockchain is a peer-to-peer distributed ledger technology that allows for transparent and unchangeable records of digital assets. It works without any intermediary and does not require any third party. This innovative technology is rapidly gaining attention because it can reduce fraud and risks in a scalable manner. Decentralized networks offer many advantages over traditional centralized networks, such as increased reliability and privacy. These networks are also easier to scale and can deal with any single point of failure. Blockchain's distributed nature is due to shared communication and distributed processing. At the same time, blockchain's P2P architecture offers many benefits. It is more secure than traditional client-server-based networks. Blockchain's distributed P2P network, in conjunction with a majority consensus requirement, protects blockchain against malicious activity. How does blockchain work? Blockchain can be described as a shared ledger. It allows thous...

CONCEPT OF STELLAR BLOCKCHAIN

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The goal of Stellar and the team dedicated to creating it is to enable people to receive and send money around the world securely and smoothly. It links payment services, banks, and users and integrates them to make money transfer accessible.  Using apps or software built on the Stellar Blockchain, mobile money apps can be made interoperable, resulting in lower transaction costs and increased efficiency. The Stellar Blockchain utilizes an open and decentralized database, which enables it to maintain a 3-5 second confirmation time. Since the Stellar blockchain is not written in a Turing complete language, the transaction rate is also relatively high.  Let's understand a situation of how the Stellar blockchain is used to facilitate cross-border payments. For instance, you wish to send a certain amount of USD to a business associate (John) based in Europe and receive the funds in EUR. Your bank, as well as John's, are both connected to the Stellar network. 

Know about Polygon development

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 How can a dApp be created on Polygon? One of the most well-known blockchain technologies is Ethereum. The Ethereum Virtual Machine, the built-in programming language, and the solidity smart contracts are some of its distinctive features. Ethereum has problems like limited throughput, congestion, expensive transactions, and scalability issues despite these advantages. Four seasoned software developers created the Polygon blockchain development network to solve these issues on the Ethereum platform. Layer-2 scaling techniques and the proof-of-stake consensus are used to operate Polygon. The network enhances Ethereum by using its fundamental technology. By doing this, Polygon supports the Ethereum network and other Ethereum-compatible blockchains with fast throughput, low-cost transactions, and enhanced development.

A brief into Stellar Blockchain Development

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The use of blockchain technology has increased since it was first made available. Early uses of blockchain technology included cryptocurrencies in the financial sector. As the world grows increasingly globalized and the need for cross-border payments increases, businesses will be motivated to innovate in blockchain payments. Stellar Core is one of the most important distributed technologies that anyone may use to develop quick, low-cost financial solutions, according to blockchain experts STELLAR BLOCKCHAIN CONCEPT To make it possible for people to receive and send money internationally securely and easily is the mission of Stellar and the team responsible for developing it. It integrates users, banks, and payment systems to link them and make money transfers available. Mobile money uses apps or software created on the Stellar Blockchain. While Stellar is not gaining widespread adoption at the moment, it is one of the most significant open-source projects that you may want to integrat...