#blockchain technology

[captainwebgenesis]

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[highenfintechsolution]

P2P PAYMENT APP DEVELOPMENT 2024 : A COMPREHENSIVE GUIDE

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[tumovs]

𝐓𝐇𝐄 𝐄𝐕𝐎𝐋𝐔𝐓𝐈𝐎𝐍 𝐎𝐅 𝐖𝐄𝐁𝟑

The Web3 is an evolution of the world wide web and it might interest you to know how technically sound the features of Web3 are.

Web3 is technically carved of many features and this has made it better than web1 and web2 whose feature is not as powerful as web3.

The Web3 is.

. Decentralized

. Trustless and permissionless

. Artificial Intelligence

. Connectivity and ubiquity

The features of Web3 is very interesting and will make alot of things easy for users on the world wide web (www). and one of this is that the Intelligent Search Engine can collate informations and generate tailored recommendations based on profile and preference, saving you hours of work and stress.

This is just a tip of things among the evolution of Web3 you should know.

Stay connected to learn about Web3.

____________________________________

Please leave comments, subscribe and follow my news on my official social media pages: Telegram, LinkedIn, Facebook, Twitter, Gettr, Reddit, and Tumblr.

🤝 Reinis TUMOVS.

[stickybreaddream]

Blockchain: what it is, how it works and the most common uses

What is blockchain?

It literally means blockchain is a database or public registry that can be shared by a multitude of users in peer-to-peer mode (P2P or peer network) and that allows the storage of information in an immutable and organized way.  

It is a term associated with cryptocurrencies because, apart from being the technology that supports them, it was born with the first virtual currency in history in 2009, Bitcoin . In this case, the data added to the blockchain is public and can be consulted at any time by network users.

However, it is important to remember that cryptocurrencies are just that, currencies! Just as happens with the euro, the dollar or any type of paper money. Each one is a simple material with a printed value, but what allows its use and generates value are the economic laws that support them.

Something similar happens with virtual currencies. In this case, it is blockchain technology that allows it to function. Its main objective is to create an unchangeable record of everything that happens in the blockchain, which is why we are talking about a secure and transparent system. 

Bitcoin (BTC), Ethereum (ETH) or any other cryptocurrency is simply a virtual currency built on the blockchain and used to send or receive the amount of money that each participant has. This technology is what keeps transactions publicly recorded, but keeping the identity of the participants anonymous.

However, although it was created to store the history of Bitcoin operations, over the years it has identified great potential to be applied in other areas and sectors due to the possibilities it offers.

Features of blockchain technology

The progress of this system has been a mystery since its origin, but little by little we are learning more details about its operation:

Security

Cryptography is a fundamental pillar in the operation of the blockchain application development company, which provides security for the data stored in the system, as well as the information shared between the nodes of the network. When we are going to make a transaction, we need a set of valid asymmetric keys to be able to carry it out on the blockchain. It is also known as public key cryptography.

Trust

By representing a shared record of facts, this technology generates trust in users. Not only that, but it eliminates the possibility of manipulation by hackers and generates a ledger of operations that all members of the network can access. 

Immutability

When information is added to the distributed database, it is virtually impossible to modify it. Thanks to asymmetric cryptography and hash functions, a distributed ledger can be implemented that guarantees security. In addition, it allows consensus on data integrity to be reached among network participants without having to resort to an entity that centralizes the information. 

Transparency

It is one of the basic requirements to generate trust. Transparency in blockchain consulting services is attained by making the chain's software code publicly available and by fostering a network of nodes that use it. Its application in different activities, such as supply chains, allows product traceability from origin.

Traceability

It allows knowledge of all operations carried out, as well as the review of transactions made at a specific time. Traceability is a procedure that allows us to follow the evolution of a product in each of its stages, as well as who, how, when and where it has been intervened on. This is one of the main reasons why many sectors are beginning to apply blockchain technology.

3 keys to understanding how the blockchain works

It will only take you a single step to become an expert on the blockchain consulting services. Now that you know its definition and the main characteristics and related terms, it is time to put everything you have learned together to discover how it works. Take note!

The jack, horse, king of transactions

Networks use peer-to-peer data exchange technology to connect different users who share information. That is, the data is not centralized in a central system, but shared by all users of the network. At the moment a transaction is made, it is recorded as a block of data transmitted to all parties with the objective of being validated. 

The transaction is the movement of an asset and the block can record the information of your choice, from what, who, when, to where, how much and how. Like an irreversible record, each block joins the preceding and following ones to form a chain (blockchain). Every new block removes the chance of manipulation and strengthens the previous one's verification. Finally, the transaction is completed. 

The structure of the blocks

The chain stores a lot of information, which allows it to grow over time. This is the reason why it has been necessary to create efficient query mechanisms without having to download all the information: the Merkle hash tree.

It is a tree data structure that allows a large number of separate data to be related to a single hash value, providing a very efficient method of verifying the contents of large information structures.

Generation of chain blocks

First of all, it is a decentralized process. And to do this, a distributed consensus is needed in which the nodes have the ability to generate valid data. In order for users to initiate new operations, they must turn into nodes within the system. If what they want is to become miners and create blocks, then they must compete with others. The validation process is based on asymmetric cryptography, with a public key and a private key. The issued transactions are validated by the nodes in the new mined block, as well as their correct linking to the previous block (it must contain the hash).

The most common uses of blockchain

“But this technology was created for cryptocurrency operations.”

That's right, but the passage of time, research and social needs have seen great potential in this technology to be applied in other areas:

Voting systems

Some states such as West Virginia are implementing electronic voting through blockchain, although it is still a framework to be regulated. But that's not necessary to go that far. After the last elections to the Madrid Assembly, as well as the COVID-19 pandemic situation and its restrictions on mobility and the gathering of people, they have proposed the establishment of electronic voting with blockchain.It is an extremely appealing voting system because of its traceability and immutability.Not only would it increase transparency and reliability, but you could audit in real time.

Smart Contracts

They are programs that allow you to fulfill and execute registered agreements between the parties automatically. They can be applied in any type of transaction where a registered agreement is necessary, such as a security deposit or the contracting of a product, among others. Among its main characteristics we find: self-execution and immutability. 

Supply chain

Supervision and monitoring in food chains, as well as in production, is one of the main applications proposed with blockchain. Some examples of this technology in the food and agricultural industry are: Walmart China, with food production constituted by IBM; or the Australian AgriDigital, which works with distributed ledgers, blockchain and Smart Contracts.

It is not what has already been done, but what is yet to come. At Occam Agencia Digital , as a blockchain development company, we are convinced that it is not just about programming, but about analyzing the client's needs and designing a unique user experience.

What are some ways that your business can benefit from blockchain technology? Tell us your questions, we can help you solve them.

Tokenization of real estate and assets

 Thanks to the transparency of the blockchain, the tokenization of assets is revolutionizing traditional sectors such as real estate investment, democratizing their purchase. 

This breaks the barrier to investing in safer assets, since, until now, if you wanted to buy a property, you had to do it alone or among a very small group of people. Thanks to tokenization, now you can buy an apartment between 100, 200, 1000 people by making a small contribution. 

This also allows you to diversify and minimize risk, being able to invest €100 in several properties.

It is very important to choose a blockchain development company that has developed a project using this technology, since these are complex developments with very little documentation on the internet to help developers.

How to do good blockchain development?

We invite you to take note of the steps necessary for the development of the blockchain:

The first thing to do is a briefing between both parties . The client provides the information on the business model, and the blockchain development company offers the expertise to design the platform using the most optimal technology.

It is very important to choose the technologies to be used, since in blockchain each transaction has a cost. Depending on the blockchain chosen, it can cost between €10 or €0.0001 each.

It is imperative that the blockchain development company determines which components of the platform need to function in order to have a well-balanced security, user experience, and cost per use system that is suitable and tailored to the client's suggested business model. 

For example, if you want to develop a platform to tokenize real estate so that investors can buy tokens from these, the most recommended thing is that all the functionality related to the purchase or investment is developed on blockchain technology, and the rest of the functionalities are developed using the traditional way. In this way, you will achieve a good user experience, great security in purchases and low costs.

Once the briefing is finished, we move on to the design phase . With the briefing in hand, it's time for the UX and UI experts to get to work. With the information collected, you must design a platform with a great user experience and a friendly interface to convey confidence to the user and allow them to operate very easily. You'll be able to stay on the platform and avoid getting frustrated or giving up.

[bitcoinreportitalia]

👺 “CBDC: La Minaccia alla Privacy nel Mondo delle Valute Digitali Centrali” 👺

🤫 Nel panorama inquietante di un mondo sempre più avvolto nel “pensiero unico”, una nuova minaccia alla privacy emerge con forza: le valute digitali della Banca Centrale, meglio conosciute come CBDC. A differenza delle tradizionali monete cartacee, queste valute digitali centrali (CBDC) presentano rischi senza precedenti per la privacy.

🤫 Un recente rapporto pubblicato da Big Brother Watch, intitolato ‘CBDC — una sterlina che erode la privacy? Lezioni dai piloti internazionali delle valute digitali delle banche centrali per il Regno Unito,’ rivela un’analisi approfondita dei progetti pilota CBDC provenienti da tutto il mondo.

🤫 “Oltre 130 banche centrali nel mondo stanno attualmente studiando, sperimentando o hanno introdotto una forma di Central Bank Digital Currency,” afferma il rapporto. “Tra i paesi che esplorano lo sviluppo di una CBDC c’è il Regno Unito, dove la proposta è soprannominata ‘Britcoin’… Big Brother Watch è preoccupata che una CBDC nel Regno Unito, come delineato nella consultazione, sarebbe dannosa per la privacy delle persone, la libertà di spendere denaro in modo anonimo e il potenziale utilizzo dei dati raccolti per la sorveglianza.”

🤫 Dopo l’analisi dei progetti CBDC in Nigeria, Giamaica, Israele, Uruguay, Svezia, Unione Europea e Cina, Big Brother Watch ha concluso che nessuna delle CBDC preserva la privacy.

🤫 A fronte di queste allarmanti scoperte, Big Brother Watch ha lanciato la campagna “No Spycoin,” incoraggiando le persone a inviare email ai loro rappresentanti in Parlamento:

🤫 “Nessuno ha dimostrato la necessità di una ‘sterlina digitale’ nel Regno Unito, ma ciò comporterebbe un grave costo per la nostra privacy, la libertà finanziaria e l’uguaglianza. I rischi sono enormi. In un peggior caso, una CBDC potrebbe creare una vasta rete di sorveglianza finanziaria e controllo.”

🤫 Tutti i progetti CBDC esaminati hanno sollevato gravi preoccupazioni e tutti hanno rappresentato minacce alla privacy. Mentre chiediamo al governo di ripensare ai loro piani per uno spycoin, questo rapporto ci aiuterà a mostrare ai decisori politici i rischi che una CBDC del Regno Unito comporterebbe per i nostri diritti umani e le libertà civili. Agisci ora. No Spycoin, Big Brother Watch.

🤫 La questione della privacy è strettamente legata al livello di controllo. Poiché coloro che vogliono emettere CBDC desiderano controllare tutte le transazioni, la privacy è impossibile.

🤫 Valuta cartacea o digitale sono attivi fungibili. Possono essere scambiati con altre valute, beni o servizi. La valuta non fungibile è un tipo di asset digitale che non è direttamente sostituibile con un altro asset digitale. Le CBDC sono asset digitali non fungibili e pertanto ogni singola moneta è unica e programmabile in modo personalizzato, indipendentemente dalle altre.

🤫 Per illustrare le limitazioni dello scambio di asset non fungibili, useremo l’esempio di arte e collezionabili come asset non fungibili. Arte e collezionabili hanno proprietà uniche e non possono essere facilmente valutati o scambiati. In circostanze eccezionali, non possiamo acquistare beni, nemmeno altri pezzi d’arte, o pagare servizi utilizzando l’arte come metodo di pagamento.

🤫 Nel suo ‘Manuale Virtuale sulla Central Bank Digital Currency,’ il Fondo Monetario Internazionale cerca di promuovere l’idea che le CBDC sono denaro fungibile. “L’attuazione delle misure di gestione dei flussi di capitale sfrutterebbe la programmabilità delle transazioni CBDC, non della CBDC stessa, poiché il denaro deve rimanere fungibile,” sostiene il FMI.

🤫 Fidarti di ciò che dice il FMI, che fa parte della struttura delle Nazioni Unite? No? Nemmeno Edward Snowden, e può dimostrare perché non dovremmo.

🤫 Edward Snowden, ex contractor dell’intelligence americana e informatore, ha svelato al mondo l’esistenza di un programma di sorveglianza segreto, illegale e pervasivo condotto dalla NSA contro il popolo americano.

🤫 Il mese scorso, si è unito al Logos Podcast per discutere della resistenza alla censura, degli stati cibernetici e della privacy. “La privacy è potere. Se non hai privacy, non hai potere,” ha detto.

🤫 “I governi non vogliono denaro fungibile. Non vogliono denaro sano. Vogliono denaro controllabile. Vogliono denaro che li serva,” ha detto Snowden.

🤫 “Quando vedi tutte queste valute digitali delle banche centrali di cui parlano, indipendentemente dal paese in cui vengono lanciate… l’idea è che possano prendere il tuo denaro e dire ‘puff, è andato’. Possono dire che vogliono accreditare più denaro su questo e puff, è lì.”

🤫 Anche se non è diverso dal funzionamento tradizionale delle valute, ha detto Snowden, le CBDC saranno più facili per loro da raggiungere.

🤫 “Non devono entrare nel tuo materasso, non devono contare le tue banconote, perché possono vedere ogni ‘banconota’ ovunque, tutto il tempo possono tracciare tutti i token CBDC e questo è straordinariamente pericoloso… Questo è ciò che stanno tutti perseguendo,” ha detto.

🤫 Nella sua pagina Substack, Snowden ha pubblicato un articolo nel 2021 spiegando cos’è una CBDC, o come ha scritto: “Piuttosto, ti dirò cos’è una NON CBDC — NON è, come Wikipedia potrebbe dirti, un dollaro digitale.” È semplicemente un’entrata nel database di una banca.

🤫 Ha fornito l’immagine sotto per dimostrare che, indipendentemente da come sono implementate, le CBDC non possono esistere senza che la banca centrale conosca i dettagli di ogni transazione.

🤫 “Né una Central Bank Digital Currency è un abbraccio a livello di stato della criptovaluta, almeno non della criptovaluta come attualmente la intende praticamente tutto il mondo che la utilizza,” ha scritto.

🤫 Invece, una CBDC è qualcosa di più vicino a essere una perversa versione della criptovaluta, o almeno dei principi fondamentali e dei protocolli della criptovaluta — una valuta cripto-fascista, un gemello malvagio inserito nei registri nel Giorno Opposto, progettato appositamente per negare ai suoi utenti la proprietà di base del loro denaro e per installare lo Stato al centro di ogni transazione.

🤫 “Your Money AND Your Life: Le Central Banks Digital Currencies riscatteranno il nostro futuro,” Edward Snowden, 9 ottobre 2021.

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[colorfuel-art]

#39 Radiant Dusk, Chapter Interlude

[birdsoftwaresolutions]

The Federal Reserve has officially launched its much-anticipated Central Bank Digital Currency (CBDC) called 'FedNow.' 💸💻🌐

As a groundbreaking step towards a more efficient and secure financial system, FedNow will revolutionize the way we make transactions and pave the way for a digital economy.

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[highenfintechsolution]

TOP BLOCKCHAIN TRENDS FOR 2024

Solution about,

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[atozofsoftwareengineering]

Exploring WEB3: The Decentralized Future of the Internet

Hey friends! 🌐 Discover the transformative power of #WEB3 - the decentralized future of the internet. Unveil the benefits of data privacy, ownership, and smart contracts that empower users. #Decentralization #BlockchainTech #DigitalEmpowerment

The Internet has revolutionized the way we live, communicate, and conduct business. With its widespread adoption, the centralized nature of the current web has become increasingly apparent, raising concerns about data privacy, security, and control. WEB3 emerges as a promising solution, aiming to reshape the digital landscape by decentralizing control and empowering users. In this blog, we will…

[stickybreaddream]

Integration of AI and Blockchain: All You Need to Know

The convergence of AI and the metaverse

Interestingly, this convergence has its roots in the same hardware that powers it. GPUs, known for rendering rich virtual spaces, are the same workhorses that train AI models. Their parallel computing capabilities not only make them invaluable in AI development, but also in bringing the complex environments of the Metaverse to life. This synergy is evident in the rising value of GPU manufacturers like Nvidia, highlighting the intertwined growth of artificial intelligence and virtual reality technologies.

Looking ahead to 2024, the convergence of AI and the metaverse is shaping up to be a fundamental advance in our technological journey. We are about to witness how AI transforms the act of creation within the metaverse. This year, we predict that AI will evolve beyond its current capabilities, allowing creators to create expansive virtual worlds simply through the power of description. The metaverse will no longer require complex skills in 3D modeling and animation; instead, it will respond to the creative impulses of Human thought, which AI brings to life.

The trust architecture of tomorrow

The year 2023 was a crucible for blockchain, with the industry going through legal challenges and corporate upheavals. These tests, reminiscent of the growing pains of any technological breakthrough, heralded the maturation of blockchain. Amid this legal maelstrom, the essence of blockchain – the digitization of asset ownership – remained resolute and unscathed, continuing its march towards the technological revolution.

We envision blockchain merging into the fabric of the Internet, similar to the invisible but vital protocols that power our emails and instant messages. This convergence will make blockchain assets become a native dialect of the digital realm, essential and, most importantly, invisible to the user. Interacting with blockchain will be as simple as sending an email, with its hidden complexities and omnipresent efficiency and security. In this future, blockchain development services is not just a technology; it is a silent orchestrator of digital trust and ownership.

Synergies between virtual reality and the metaverse

In 2023, virtual reality (VR) has risen to become the next frontier in human-computer interaction, providing unprecedented bandwidth for digital communication and embodying the essence of presence. This leap forward has been driven by advances from major hardware manufacturers, with the launch of Meta Quest 3 and the long-awaited VR headsets from Apple and Nintendo. Every step in this area is not just about technological progress; It is about redefining our own perception and interaction with digital spheres.

Looking ahead to 2024, we are on the brink of a watershed moment in the spatial computing industry. The potential use case of experiencing events like the NBA Finals from the best seats in the stadium, all from the comfort of home, is set to capture the imagination of the masses. This experience, bridging the physical and digital worlds, will likely be a catalyst for widespread adoption among the early majority. The road ahead for virtual reality is long and full of potential, but the convergence of technologies such as artificial intelligence, blockchain and advanced hardware is setting the stage for a seismic shift.

The cultural and economic impact

In the narrative of our digital evolution, Generation Z emerges as the vanguard of a new cultural epoch. Born in a world where virtuality is as real as the air they breathe, these digital natives are the first to fully immerse themselves in the fruits of technological convergence. His initial, playful and experimental forays into the creation of memes and digital artifacts are nothing more than the prologue to a deeper and more significant change. With AI-powered tools and the metaverse at your fingertips, they don't just use technology; They are reshaping it, subjecting the digital universe to their imagination and whims.

We see these young minds not only embrace but master the art of creation within these new realms. They are the pioneers of a world where user-generated content is not just a hobby but a new economic frontier. In their hands, creativity and innovation become more than expression; They are the keys to unlocking new forms of value and influence. The power once held by a select few over coding and legal complexities is now democratized in the hands of these young creators, heralding a future where the digital realm is limited only by the imagination.

In 2024

As the year 2024 progresses, we find ourselves on the cusp of a transformative era in technology. The integration of AI, blockchain and virtual reality is creating a new digital landscape. This convergence is more than a mere fusion of technologies; It is a revolution in the way we interact with the digital realm. The advancement of AI is redefining creative possibilities in the metaverse, allowing environments to be shaped solely by thought. Blockchain evolves into a fundamental layer of digital trust, making asset ownership part of the fabric of the Internet. Virtual reality, on the brink of a breakthrough, will radically change our sensory experiences in digital spaces.

Fundamentally, this technological synergy is the playing field of Generation Z, who are not only users but active creators and modelers of these areas. Their commitment to these technologies is not just about leisure; It is the forging of a new economic and cultural landscape where imagination is the main currency.

[diandrecapricedavis]

My latest computer-generated beauty, display 𝒎𝒆 on a screen, for ‘DEVIANT SYNAESTHETICS’ on objkt.one curated by Johnny Dean Mann (Wily Guys)