#hyperledger fabric 2.0

[lisaward867]

The Ultimate Guide to Blockchain Application Development in 2025

By 2025, development of blockchain applications has ceased to be niche or speculative and has undergone sufficient growth to become one of the foundational pillars involved in digital transformation across multiple industries. From banks that want transaction transparency to healthcare organizations securing patient data, blockchain is central to many breakthrough solutions. As Blockchain application development snowballs into a global demand, a strategic investment is being considered first by both startups and enterprises. The technology aims desirably at cutting out intermediaries, cutting down on operational costs, and creating costs that can never be changed. thus, something even more valuable in an increasingly decentralized and secure world. In 2025, developers are creating blockchain innovation using sophisticated toolkits and frameworks, project development of blockchain is now more robust, more user-friendly, and more scalable than ever before.

Key Trends Driving Blockchain Development in 2025

The blockchain stratosphere is fast-aging and, as a result, key trends are sewn into development approaches for the year 2025. One of the biggest developments accelerating adoption is the modular blockchain structure, which permits tailoring to the needs of each project. Such platforms with all their thrust are currently required for real adoption; be it Ethereum 2.0, Polkadot, Cosmos, or Avalanche. Others that have yet to see the light of mainstream adoption, such as zkProofs or Layer 2 scaling solutions, aim at dealing with concerns around scalability and privacy without trade-offs in true decentralization. On the fringes, DeFi and NFTs are still maturing, and there is real buzz around tokenization of real-world assets and blockchain for supply-chain traceability. Moreover, developers are putting a lot of effort into the build-up of cross chain ecosystems to allow frictionless movement of assets and data across heterogeneous networks, thus ushering in the new dawn of collaboration and interoperability.

Choosing the Right Blockchain Platform

The decision on which blockchain platform to select plays a very big role in how applications release out to long-term success. Public blockchains such as Ethereum, Solana, and Near are the most suited for open, decentralized apps having too broad a user base and vigorous community backing. They may, however, be useful only in rare cases. Usually, private and permissioned blockchains-or-intended enterprise use are such as Hyperledger Fabric, R3 Corda, and Quorum that might request a little more privacy, access control, and regulation. One must also look at parameters like consensus protocols, transaction price, development tools, community support, and ecosystem maturity in making this choice. If these parameters are fully looked into, the developers and organizations will make sure that their blockchain applications get built on a platform that supports their immediate needs and growth.

Design and Development Best Practices

Effective blockchain application development is much more than smart contract programming. It is about building secure, scalable, and user-centric systems that realize concrete value. Being well-versed with the problem in question and clearly defining the value that blockchain adds to it is the first step. While developing, one must follow secure coding standards, employ robust testing frameworks, and have smart contracts audited to the fullest. Keeping in mind the modular nature of components will allow reusability and easy upgradeability, while an appropriate integration with off-chain services allows for seamless run-time operations. The other important point here is the UX, where simpler interfaces, wallet connections, and onboarding processes might accelerate adoption immediately. Of course, this does assume all systems stay updated with changes in governance, fork events, and past protocol updates to ensure continued system integrity and performance.

The Role of Web3 and Decentralized Identity

Web3 is much more than a  buzzword. It is a paradigm shift in user interaction with the internet. In 2025, the blockchain powered the key tenets of Web3: decentralization, data ownership, and peer interaction. Decentralized identity systems, or DID systems, are leading the way, whereby individuals can control and share personal information securely without depending on any centralized agency. This shift in orientation leads not only to more privacy and security but also to more trust among users of such digital platforms. Blockchain-based identity verification is applied in many scenarios, including but not limited to e-commerce, voting, healthcare, and education. Meanwhile, decentralized storage systems like IPFS and Arweave are granting developers the capability to build DApps that are fully decentralized and, thus, will not rely on conventional web infrastructure. In unison, these developments are reshaping the digital scene, with blockchain as the backbone for a fair vendor-transparent online world.

Conclusion

As blockchain continues to evolve, the demand for specialized skills and strategic guidance is more important today than ever before. Organizations trying to develop blockchain solutions must acknowledge that this technology demands not only technical skills but an understanding of cryptoeconomics, security, and user behavior. Collaborative teams of experienced experts offering end-to-end Blockchain application development services can guide clients through complexities like architecture design, protocol selection, smart contract auditing, and user interface development. These professionals will therefore assist the client to ensure their application is truly functional but also scalable, secure, and legally compliant. Through a combination of strategic roadmap and the apt development team, businesses can then harness the full power of blockchain to build their own strongholds in the digital economy of 2025 and beyond.

[infograins]

How to Choose the Right Blockchain Platform: Ethereum vs. Solana vs. Hyperledger

 In today's rapidly evolving tech landscape, blockchain is no longer a buzzword. It's a powerful technology shaping the future of finance, supply chain, healthcare, gaming, and beyond. However, selecting the right blockchain platform is critical to your project's success. Ethereum, Solana, and Hyperledger are three widely used platforms, each offering unique strengths tailored to different business needs.

At Infograins, one of the leading blockchain development company in India, we guide businesses across industries in choosing and building on the ideal platform. This blog offers a deep dive into these platforms to help you decide which one best suits your use case.

1. Ethereum: The Smart Contract Pioneer

Overview: Ethereum is the most established public blockchain platform, known for introducing smart contracts and decentralized applications (dApps). It enables developers to create tokenized assets and applications that run on a decentralized network.

Key Features:

Decentralized and open-source

Supports ERC-20, ERC-721 (NFTs), and other token standards

Active developer community and strong documentation

Transitioned to Ethereum 2.0 for improved scalability (Proof of Stake)

Use Cases:

Decentralized Finance (DeFi)

Non-Fungible Tokens (NFTs)

dApps and DAOs

Blockchain-based gaming

Pros:

Highly secure and battle-tested

Rich ecosystem of tools and integrations

Extensive learning resources and community support

Cons:

Slower transaction speeds compared to newer platforms

High gas fees (mitigated with Layer 2 solutions like Polygon)

2. Solana: High-Speed & Scalable

Overview: Solana is known for its speed and low transaction fees. It's designed to support high-performance applications and is gaining popularity in gaming, NFTs, and DeFi spaces. Solana uses a combination of Proof of History (PoH) and Proof of Stake (PoS) to achieve its performance.

Key Features:

Handles up to 65,000 transactions per second

Sub-second block finality

Low gas fees

Developer-friendly SDKs and documentation

Use Cases:

Real-time DeFi platforms

NFT marketplaces

Scalable games and metaverse applications

Payment networks

Pros:

Fast and efficient

Ideal for high-throughput dApps

Rapidly growing ecosystem and developer interest

Cons:

Network outages have occurred in the past

Slightly more centralized compared to Ethereum

3. Hyperledger: Enterprise-Grade Blockchain

Overview: Hyperledger is an open-source collaborative project by The Linux Foundation that focuses on enterprise blockchain solutions. Unlike Ethereum and Solana, Hyperledger is permissioned, meaning only authorized participants can access the network.

Key Features:

Modular architecture (supports multiple frameworks like Fabric, Sawtooth)

Private and permissioned blockchain

High performance and scalability

Supports private transactions and data confidentiality

Use Cases:

Supply chain management

Healthcare data exchange

Financial services and interbank settlements

Identity management systems

Pros:

Tailored for enterprise-level requirements

Flexible and customizable for specific needs

Strong backing by industry leaders (IBM, Intel, etc.)

Cons:

Smaller developer ecosystem

Not suitable for public dApps or token launches

How to Choose the Right Platform

Choosing the right blockchain depends on several key factors:

Project Type:

For public applications like DeFi or NFT platforms, Ethereum or Solana is ideal.

For internal enterprise solutions, Hyperledger offers privacy and control.

Performance Needs:

Choose Solana for speed and real-time performance.

Ethereum is better for security-focused applications.

Ecosystem & Community:

Ethereum has the largest developer base.

Solana is growing fast with new tools.

Hyperledger offers strong enterprise-level support.

Cost & Scalability:

Solana provides low-cost operations.

Ethereum costs are higher but come with robust tools.

Data Privacy:

Hyperledger is the best option when data control and confidentiality are a priority.

Why Infograins?

As a trusted Blockchain Development Company in India, Infograins offers:

Deep expertise in Ethereum, Solana, Hyperledger, and more

Custom blockchain solutions tailored to your business

Smart contract development and audit

NFT, DeFi, and enterprise blockchain consulting

24/7 support and agile development methodology

We don’t just build blockchain apps—we build secure, scalable, and future-ready ecosystems.

Conclusion

There is no "one-size-fits-all" blockchain platform. The best choice depends on your business goals, scalability needs, privacy requirements, and user base. Whether you're a startup or an enterprise, choosing the right platform is the first step toward blockchain success.

Let Infograins help you make the right move in your blockchain journey.

[marcoluther]

What Are the Key Steps to Developing a New Cryptocurrency?

Cryptocurrency development is an exciting and rapidly evolving field, offering opportunities for innovation and financial freedom. Whether you're an entrepreneur looking to launch a new token or a developer exploring blockchain technology, understanding the essential steps in cryptocurrency development is crucial. In this blog, we’ll guide you through the key steps to creating a successful cryptocurrency.

1. Define Your Cryptocurrency’s Purpose and Use Case

Before diving into development, you need to determine the purpose of your cryptocurrency. Ask yourself:

What problem does your cryptocurrency solve?

Is it a payment system, a utility token, or a governance token?

How will users benefit from adopting it?

Your cryptocurrency must have a clear value proposition. Without a strong use case, it may struggle to gain adoption in the competitive crypto space.

2. Choose the Right Blockchain Platform

Next, decide whether to build your cryptocurrency development on an existing blockchain or create a new blockchain from scratch.

Using an Existing Blockchain

Many cryptocurrencies are built on established blockchains like:

Ethereum (ERC-20, ERC-721, ERC-1155): Ideal for smart contract-based tokens and decentralized applications (DApps).

Binance Smart Chain (BEP-20): A faster and cost-effective alternative to Ethereum.

Solana, Polkadot, or Avalanche: Known for scalability and high-speed transactions.

Creating a New Blockchain

If you want complete control over the network, you can build a blockchain using frameworks like:

Bitcoin Core (for Bitcoin-like cryptocurrencies)

Ethereum’s Geth (for Ethereum-like cryptocurrencies)

Hyperledger Fabric (for enterprise blockchain solutions)

Developing a blockchain from scratch requires extensive programming knowledge and infrastructure setup.

3. Decide on the Consensus Mechanism

The consensus mechanism determines how transactions are validated and blocks are added to the blockchain. Common mechanisms include:

Proof of Work (PoW): Used by Bitcoin, requiring miners to solve complex mathematical puzzles.

Proof of Stake (PoS): Used by Ethereum 2.0, allowing users to stake coins to validate transactions.

Delegated Proof of Stake (DPoS): A more efficient variant of PoS, used by EOS.

Proof of Authority (PoA): A centralized approach used for private blockchains.

Proof of Contribution (PoC): Used in AI-powered token economies like OpenLedger.

Your choice of consensus mechanism impacts scalability, security, and energy consumption.

4. Develop the Core Features of Your Cryptocurrency

Now, it's time to define the technical specifications of your cryptocurrency, including:

a) Token or Coin?

A coin has its own blockchain (e.g., Bitcoin, Ethereum).

A token is built on another blockchain (e.g., USDT on Ethereum).

b) Supply and Distribution

Total supply: How many coins will exist?

Inflationary or deflationary: Will new coins be minted over time, or is the supply fixed?

Token allocation: How will tokens be distributed (e.g., presale, team, community rewards)?

c) Transaction Speed and Fees

Faster transactions improve usability.

Low fees attract users and developers.

d) Smart Contracts and Security

If your cryptocurrency supports smart contracts, ensure they are secure and audited.

Consider implementing anti-bot and anti-whale measures to prevent manipulation.

5. Code Your Cryptocurrency

This step involves actual development using programming languages like:

Solidity (Ethereum, BSC)

Rust (Solana, Polkadot)

Python (Hyperledger, AI-integrated blockchains)

C++ (Bitcoin, Litecoin)

For ERC-20 or BEP-20 tokens, you can use a standardized smart contract template and customize it according to your requirements.

6. Test Your Cryptocurrency on a Testnet

Before launching, test your cryptocurrency on a testnet (e.g., Ropsten, Rinkeby for Ethereum). This allows you to:

Detect and fix bugs.

Optimize performance.

Ensure security and scalability.

Bug bounties and audits by third-party firms can further strengthen security.

7. Deploy and Launch Your Cryptocurrency

Once testing is successful, you can deploy your cryptocurrency on the mainnet. This involves:

Deploying smart contracts.

Setting up nodes and network infrastructure.

Establishing governance mechanisms (if applicable).

At this stage, your cryptocurrency is live and available for transactions.

8. Integrate Wallets and Payment Solutions

To ensure adoption, integrate your cryptocurrency with:

Crypto wallets: MetaMask, Trust Wallet, Ledger, etc.

Payment gateways: If your cryptocurrency is for payments, integrate with merchants.

Providing seamless wallet compatibility enhances user experience.

9. Build a Community and Marketing Strategy

A successful cryptocurrency needs a strong community. Consider the following:

Social media marketing: Twitter, Telegram, Discord, and Reddit.

Content marketing: Blogs, YouTube videos, and podcasts.

Influencer partnerships: Collaborate with key crypto figures.

Bounty campaigns: Reward early adopters for promoting your project.

Airdrops: Distribute free tokens to attract users.

A robust community fosters adoption and increases trust.

10. Get Listed on Exchanges

To boost liquidity and adoption, list your cryptocurrency on:

Decentralized Exchanges (DEXs)

Uniswap, PancakeSwap, Sushiswap (for Ethereum and BSC tokens).

Centralized Exchanges (CEXs)

Binance, Coinbase, Kraken, KuCoin.

Each exchange has listing requirements, and some require fees. Consider liquidity pools and market-making strategies for smooth trading.

11. Ensure Compliance and Regulatory Approval

Cryptocurrency regulations vary by country. To avoid legal issues:

Register your project in a crypto-friendly jurisdiction.

Ensure compliance with AML (Anti-Money Laundering) and KYC (Know Your Customer) policies.

Consult legal experts on token classification (security vs. utility).

Compliance helps prevent government crackdowns and builds investor confidence.

12. Continuous Development and Updates

The crypto space evolves rapidly. Stay ahead by:

Releasing updates: Improve security, scalability, and functionality.

Expanding use cases: Integrate with DeFi, NFTs, or AI-driven applications.

Enhancing governance: Introduce DAOs (Decentralized Autonomous Organizations) for community participation.

Regular updates ensure long-term sustainability and growth.

Conclusion

Developing a new cryptocurrency requires careful planning, technical expertise, and a strong community strategy. By following these steps—defining a purpose, choosing the right blockchain, coding securely, testing, and marketing effectively—you can create a successful and impactful cryptocurrency.

Whether you're building a simple token or a full-fledged blockchain network, staying informed about industry trends and regulations will help you navigate the evolving crypto landscape.

[himanshu123]

Top Blockchain Development Frameworks for 2024: Which One Should You Choose? 

Blockchain app development has evolved rapidly over the last few years, with more and more businesses exploring the potential of decentralized applications (DApps) for everything from finance to supply chain management. Whether you're an aspiring blockchain developer or a business leader trying to adopt blockchain for your next project, choosing the right development framework is crucial. With various frameworks available, each offering unique features and benefits, the decision can be overwhelming. In this blog, we'll explore the top blockchain development frameworks for 2024 and help you make an informed choice for your next blockchain application development project. 

1. Ethereum – The Pioneer of Blockchain Development 

Ethereum continues to be the most popular and widely-used blockchain platform for app development. Known for introducing the concept of smart contracts and DApps, Ethereum remains a cornerstone of the blockchain ecosystem. In 2024, Ethereum has undergone significant upgrades with Ethereum 2.0, transitioning to a Proof-of-Stake (PoS) consensus mechanism to improve scalability, security, and energy efficiency. These improvements make it even more appealing for blockchain app development. 

For developers, Ethereum offers robust support for decentralized applications, a massive community of developers, and a vast library of tools. Ethereum's ecosystem is built on the Solidity programming language, making it relatively easy to write smart contracts. Additionally, the Ethereum Virtual Machine (EVM) ensures compatibility across various projects, increasing interoperability with other blockchains. 

Best For: Large-scale DApps, DeFi (Decentralized Finance) applications, NFT platforms, and tokenized assets. 

2. Solana – High-Speed Blockchain for Scalability 

Solana has quickly gained traction as one of the fastest-growing blockchain frameworks in recent years. Known for its high throughput and low transaction fees, Solana is built to handle thousands of transactions per second (TPS), which makes it an excellent choice for blockchain application development where speed and scalability are critical. Solana uses a unique Proof-of-History (PoH) consensus mechanism, enabling high-speed processing without compromising decentralization. 

For blockchain app developers, Solana offers a highly scalable environment with tools like the Solana SDK and Rust programming language, which provides better performance for real-time decentralized applications. The ability to build scalable apps without worrying about network congestion or high fees makes Solana a strong contender in 2024. 

Best For: High-performance applications, gaming DApps, real-time trading apps, and micropayments. 

3. Hyperledger Fabric – Ideal for Enterprise Blockchain Solutions 

If you're considering blockchain for private, permissioned networks (often used by enterprises), Hyperledger Fabric is a top choice. As part of the Linux Foundation’s Hyperledger project, Fabric is an open-source framework that offers a modular and flexible architecture. It is specifically designed for enterprise use cases, supporting high transaction volumes, privacy, and confidentiality. 

Hyperledger Fabric allows businesses to create blockchain solutions that are secure, scalable, and customizable. With features such as pluggable consensus and flexible architecture, Fabric enables organizations to set up their own private blockchain networks. Additionally, it supports a wide range of industries, from finance and supply chain to healthcare and government. 

Best For: Enterprise-level solutions, supply chain management, asset tracking, and private consortium networks. 

4. Polkadot – Bridging Blockchains for Interoperability 

Polkadot is an innovative blockchain framework focused on interoperability. It aims to enable different blockchains to communicate and share information, thus solving one of the biggest challenges in blockchain technology: fragmentation. By allowing different blockchains to interconnect, Polkadot paves the way for cross-chain decentralized applications and services. 

Polkadot’s key feature is its relay chain, which connects multiple blockchains, known as parachains, allowing for parallel processing of transactions. This enhances scalability and speed while maintaining security across different blockchains. For developers, Polkadot offers a range of tools to help them build interoperable applications. 

Best For: Cross-chain decentralized applications, tokenized assets across multiple networks, and projects requiring high scalability and communication between blockchains. 

5. Tron – Ideal for Digital Content and Media DApps 

Tron is a blockchain framework designed to support high-throughput, decentralized applications in the entertainment, media, and content industries. With a strong focus on enabling peer-to-peer file sharing, Tron offers fast transaction speeds and a low-cost environment, making it ideal for digital content platforms, streaming services, and decentralized social networks. 

Tron’s ecosystem includes a robust set of development tools, including a full-stack development suite, APIs, and SDKs. Tron also supports smart contracts written in Solidity, which makes it easy for developers to build and deploy DApps. For businesses in the entertainment or media industry, Tron offers a great solution for creating decentralized content-sharing platforms. 

Best For: Content sharing platforms, digital media, social networking DApps, and gaming applications. 

6. Cardano – A Secure and Sustainable Blockchain Framework 

Cardano is an open-source blockchain platform known for its commitment to security, sustainability, and scalability. With a strong academic foundation and a peer-reviewed approach to development, Cardano is one of the most promising platforms for building decentralized applications in 2024. 

Cardano uses a unique Proof-of-Stake (PoS) consensus mechanism called Ouroboros, which offers more energy-efficient mining compared to traditional Proof-of-Work (PoW) systems. This makes it a good choice for developers and organizations concerned about environmental sustainability. Additionally, Cardano has been gaining traction in sectors such as finance, healthcare, and agriculture due to its focus on security and scalability. 

Best For: Sustainable DApps, blockchain for social good, and enterprise-grade applications requiring robust security. 

How to Choose the Right Blockchain Framework for Your Project? 

When selecting the best blockchain framework for your application, several factors should be considered, including the scalability requirements, transaction speed, cost-effectiveness, and the specific use case you're targeting. For example, if you’re building a financial platform or a DeFi app, Ethereum or Solana might be more suitable due to their high-speed capabilities and developer support. For enterprise-level solutions, Hyperledger Fabric or Cardano might be a better fit, while Polkadot excels for projects that require interoperability between multiple blockchains. 

Another important consideration is the mobile app cost calculator to estimate how much your blockchain-powered mobile application might cost based on the specific features and infrastructure you need. A mobile app cost calculator can help you determine your budget, helping you make more informed decisions when selecting a framework and designing your app. 

If you're interested in exploring the benefits blockchain app development services for your business, we encourage you to book an appointment with our team of experts. 

Book an Appointment 

Conclusion: The Future of Blockchain Application Development 

The blockchain landscape is evolving rapidly, and in 2024, developers have a variety of powerful frameworks to choose from. Each framework offers distinct advantages, so it’s crucial to evaluate your project’s specific needs before making a decision. Whether you're focusing on speed, scalability, security, or interoperability, choosing the right blockchain development framework is key to ensuring the success of your blockchain app development. As the technology continues to mature, staying up to date with the latest developments will help you build future-proof, efficient, and innovative blockchain solutions. 

[chaincodeconsultant]

6 Benefits Of Using Hyperledger Fabric In Your Business

Would you put up your sensitive business data on a public network?

The answer is obvious. No one would like to use a public network for their business.

Business data and internal processes require high levels of confidentiality, trust and privacy.

Blockchain offers businesses unmatched security and trust powered by its decentralized attributes. However, the public blockchain networks are open to everyone and business function requires high confidentiality.

This is where the story of enterprise blockchain networks starts. Tech giants developed decentralized permissioned blockchain networks. These decentralized permissioned blockchains are specially designed for business use cases.

With a permissioned blockchain, you have the flexibility to adjust the decentralization factor as per your requirement. Further, they offer:

· Added security layer

· Greater control over data

· Permissioned access

· High performance

· Customizability

· High scalability

One such decentralized permissioned blockchain is Hyperledger fabric. Developed by IBM, the network is offering a secure environment for businesses to develop next-gen apps and solutions.

So, what makes Hyperledger fabric a game changer for businesses?

Let us find out below.

What is HyperLedger Fabric Blockchain?

Linux Foundation developed HyperLedger Fabric to support businesses in the development of scalable and powerful blockchain apps and solutions.

What makes the network distinct from others is its modularity and versatility. By modularity, we mean the modular architecture of the network.

The Hyperledger Fabric architecture is such that you can seamlessly use it for diverse industry use cases. Be it finance, e-commerce, retail or healthcare, you can effectively use the plug-and-play elements to customize consensus, privacy and permissioned services as per your needs.

Further, the Hyperledger fabric framework is an open-source project with dynamic capabilities for optimizing privacy and performance. With flexible decentralization features, the network restricts the access and flow of information internally. As an admin, you can control the data visibility of each member.

Along with membership authorization, the network also enables companies to comply with government data protection regulations.

Hyperledger Fabric 2.0 comes with new features that enhance the overall security and performance of its previous version. It was released in 2020.

There are other key technical benefits of the Hyperledger fabric blockchain that we will be discussing below.

6 Technical Benefits of Using Hyper Ledger In Your Business

1. Modular Architecture

The Hyperledger fabric is known for its modular architecture. The framework helps businesses in multiple ways.

First, it makes the blockchain highly flexible. The Hyperledger fabric framework enables you to customize its elements. You can build apps as per your business needs.

Second, the blockchain simplifies the transaction workflow. This brings us to our next point.

By simplifying the transaction process, the blockchain clears the network. It in turn boosts the scalability and overall performance.

Finally, the modular architecture also allows you to reuse an existing module. Rather than creating a new one from scratch, you can integrate numerous modules whose function already exists. Therefore, saving your time and effort.

2. High performance and scalability

In the previous point, we discussed briefly that modular architecture enhances scalability and performance. Further the same framework also helps you establish high trust levels in your business process.

Let us understand how.

The Hyperledger Fabric module design divides the transaction processing workflow into three modules. They are:

· chaincode

· transaction ordering

· transaction validation and commitment

Further, the network participants have three distinct roles.

· Endorser

· Committer

· Consenter

Endorsement peers receive transaction proposals. These proposals contain a specific number of endorsements. The pre-set endorsement policy decides the number of endorsements required for a transaction.

Once the endorsers receive enough endorsements they forward it to the committer. The committers then check if the standard endorsement policy is followed or not. If all the transactions are valid without any contradictions, the committers then commit the transactions to the ledger.

The blockchain boosts the speed and performance by sharing only the signatures and read/write sets across the network.

Moreover, only the committer and endorser have access to confidential transaction data. Thus, your sensitive business data remains hidden from smaller participants. This avoids unauthorized access and boosts data security.

3. Data on a need-to-know basis

Let us understand from an example why restricted access is important in business.

Let’s assume you own a fashion brand. Now you are planning to launch a sports and gym wear collection at a competitive price than other brands. You will want to keep the prices hidden until the collection is announced publicly.

However, in a public blockchain supply chain, it’s very difficult to keep the prices secret. The involved parties which include manufacturer, shipping firms, financial agencies, distributors, customs officials and others will have access to all the information.

But if you are using a Hyperledger fabric solution, you can separate the private and public data. It will enable you to share important data with the involved entities while keeping the sensitive data (in this case prices) hidden or only accessible to the authorized party.

4. Permissioned Access & Data Rule Compliance

Hyperledger Fabric is a permissioned blockchain network. It means that all the participants have known identities. No one here can operate anonymously.

Permissioned access and data rule compliance go hand in hand when it comes to businesses. Business use cases in finance and healthcare industries require you to comply with legal data protection rules.

In these industries, data protection laws mandate you to know who are members of your network and who has access to your data.

For example, in a blockchain EHR solution, patients have control over who can access their health data. They can even set the time frame for which the third party can access the data. This permissioned access is only possible if you build the EHR solution over blockchain networks like Hyperledger Fabric.

If you use a public blockchain, you will be making patients’ health data accessible anonymously to anyone. This will put the sensitive personal data of individuals at risk as well as go against the individual’s data protection rights.

5. Safeguarding Digital Keys

You rely on Hardware Security Module (HSM) support to safeguard and manage your digital keys for strong authentication.

Hyperledger Fabric offers both modified and unmodified PKCS11 standards for key generation, catering to scenarios like identity management where greater protection is essential.

When you’re dealing with identity management, HSM implementation elevates the security of your keys and sensitive data.

6. Rich Queries

The ledger serves as your chronological record of state transitions in your blockchain application. Each transaction generates a set of asset key-value pairs, which are then committed to the ledger as either creations, updates, or deletions. This immutable source of truth, as of version 1.0, gets appended to the peer’s file system, which includes an embedded LevelDB.

By default, LevelDB offers a key-value database and supports various query types, including keyed queries, composite key queries, and key range queries. If you require more complex and comprehensive queries, CouchDB extends LevelDB’s capabilities by adding robust data-rich query capabilities.

When you optionally integrate a document database like CouchDB, your content becomes JSON-based and fully queryable, maintaining compatibility with the existing key/value programming model. Consequently, there’s no need to adapt your application when modelling chaincode data in JSON when utilizing CouchDB.

This JSON format streamlines the process of generating simple reports and conducting audit functions.

For instance, in supply-chain scenarios, you can employ JSON document formatting to structure specific data related to goods and transportation entities. This allows you to easily generate reports detailing assets’ journeys through various locations and transportation entities en route to their final destinations.

Conclusion

As of now, over 260 businesses use Hyperledger Fabric in their businesses. With a focus on permissioned access, versatility, scalability and simplified transactions, Hyperledger Fabric aims to make blockchain a perfect solution for enterprise use. Further, its capability for data separation and enhanced data security features make it ideal for businesses as they handle vast amounts of data.

If you are a business looking to build solutions over the Hyperledger Fabric framework, get in touch with Chaincode Consulting.

The blockchain experts at Chaincode Consulting will help you leverage the benefits of Hyperledger fabric to propel your business growth.

[thepause]

IBM Is Open Sourcing a Large Slice of Additional Hyperledger Fabric Code

IBM Is Open Sourcing a Large Slice of Additional Hyperledger Fabric Code

IBM is looking to get back into the blockchain business in a big way. IBM Blockchain General Manager Kareem Yusuf shares the technology company's plans to help enterprises move into the blockchain space. #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: Site: Twitter: LinkedIn: Instagram: Facebook: Newsletters: CoinDesk Podcast Network: Markets Daily…

[coinretreat]

Nike Explores Blockchain for Supply Chain Data Collection

The Chain Integration Pilot (CHIP) of the Auburn University RFID Lab in Alabama has published a proof-of-concept whitepaper that seeks to demonstrate the efficiency savings blockchain technology can unlock across the contemporary supply chain. 

The proof-of-concept was designed to ingest, encode, distribute, and store serialized data from multiple points throughout the supply chain on Hyperledger Fabric. 

The pilot collected live data from brands Nike, PVH Corp., and Herman Kay, and major United States retailers Kohl’s and Macy’s.

CHIP was launched in 2018 and claims to be the first supply chain project to integrate the information pulled from RFID tags onto a blockchain network.

Blockchain as a supply chain data solution

The project saw data pertaining to 223,036 goods uploaded to a distributed ledger. Only 1% of data entries were uploaded by stores, with 87% of data coming from distribution centers, and the remaining 12% originating from a point of encoding.

As such, CHIP determined that blockchain is a functional solution to issues of serialized data exchange within the supply chain. The report concludes that the participating companies were “able to record transactions containing serialized data in a common language and share that data with their appropriate trade partners.”

The paper identifies “a tremendous amount of error and inefficiency in currency supply systems,” estimating that the elimination of counterfeiting and shrinkage in the supply chain could unlock $181 worth of business opportunities.

Traditional supply chain tracking technologies deemed “antiquated”

By contrast, the paper argues that previously existing networks for exchanging are built for “antiquated internet technologies,” and are not suitable to handle the massive volumes of serialized data that are generated throughout the contemporary supply chain.’

The team points to the absence of “an effective, industry-wide solution for exchanging serialized data between business partners,” despite the introduction of serialized data such as RFID tags and QR codes over a decade ago.

Further, the report argues that previous attempts to integrate infrastructure to collect information on masse’ across the supply chain have been “constrained by the industry-wide ineptitude for sharing serialized data.”

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[coinfirst]

Nike Explores Blockchain for Supply Chain Data Collection

The Chain Integration Pilot (CHIP) of the Auburn University RFID Lab in Alabama has published a proof-of-concept whitepaper that seeks to demonstrate the efficiency savings blockchain technology can unlock across the contemporary supply chain. 

The proof-of-concept was designed to ingest, encode, distribute, and store serialized data from multiple points throughout the supply chain on Hyperledger Fabric. 

The pilot collected live data from brands Nike, PVH Corp., and Herman Kay, and major United States retailers Kohl’s and Macy’s.

CHIP was launched in 2018 and claims to be the first supply chain project to integrate the information pulled from RFID tags onto a blockchain network.

Blockchain as a supply chain data solution

The project saw data pertaining to 223,036 goods uploaded to a distributed ledger. Only 1% of data entries were uploaded by stores, with 87% of data coming from distribution centers, and the remaining 12% originating from a point of encoding.

As such, CHIP determined that blockchain is a functional solution to issues of serialized data exchange within the supply chain. The report concludes that the participating companies were “able to record transactions containing serialized data in a common language and share that data with their appropriate trade partners.”

The paper identifies “a tremendous amount of error and inefficiency in currency supply systems,” estimating that the elimination of counterfeiting and shrinkage in the supply chain could unlock $181 worth of business opportunities.

Traditional supply chain tracking technologies deemed “antiquated”

By contrast, the paper argues that previously existing networks for exchanging are built for “antiquated internet technologies,” and are not suitable to handle the massive volumes of serialized data that are generated throughout the contemporary supply chain.’

The team points to the absence of “an effective, industry-wide solution for exchanging serialized data between business partners,” despite the introduction of serialized data such as RFID tags and QR codes over a decade ago.

Further, the report argues that previous attempts to integrate infrastructure to collect information on masse’ across the supply chain have been “constrained by the industry-wide ineptitude for sharing serialized data.”

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[weekinethereum]

January 25, 2019

News and Links

Layer 1

[eth1] state rent proposal 2

[eth1] selfish mining in Ethereum academic paper. Per Casey Detrio, EIP100 changed the threshold to 27%. But since ETC doesn’t have EIP100, it’s just 5 or 10%.

[eth2] a long AMA from the Eth2 research team

[eth2] yeeth Eth2 client in Swift

[eth2] What’s new in eth2 includes Ben’s take on future of the PoW chain

[eth2] notes from last eth2 implementer call

[eth2] Vitalik’s security design rationale

[eth2] More Vitalik: Eth2 and Casper CBC video talk

[eth2] Collin Myers takes a look at the proposed economics for validators

Layer 2

Raiden on progress towards Ithaca release, which will include pathfinding and fee earning as well as monitoring. More from Loredana on building CryptoBotWars on Raiden

Magmo update: about to release their paper on Nitro, their protocol for a virtual state channel network

The case for Ethereum scaling through layer 2 solutions

Optimistic off-chain data availability from Aragon

Starkware on a layer 2 design fundamental: validity proofs vs fraud proofs. Also: its decentralized exchange using STARKs planned for testnet at end of q1.

Stuff for developers

Solidity v0.5.3

web3j v4.1.1

Web3.js v1.0.0-beta.38

Waffle v2 of its testing suite (uses ethers.js)

Celer Network’s proto3 to solidity library generator for onchain/offchain, cross-language data structures. Celer’s SDK

ERC20 meta transaction wrapper contract

“dumb contracts” that store data in the event logs

ETL pipline on AWS for security token analytics

Interacting with Ethereum using web3.py and Jupyter notebooks

Tutorial on using Embark

Tutorial: using OpenLaw agreements with dapps

OpenBazaar’s escrow framework

Etherisc opensources the code for their Generic Insurance Framework

Austin Griffith’s latest iteration of Burner Wallet sales

Deploying a front end with IPFS and Piñata SDK

Video tutorial of Slither static analyzer

Overview of formal verification projects in Ethereum

zkPoker with SNARks - explore iden3’s circom circuit

Ecosystem

Lots of charts on the bomb historically and present

Gnosis Safe is now available on iOS

A big thing in the community was r/ethtrader’s DONUT tokens. Started by Reddit as “community points” to experiment in ethtrader upvotes, the donuts can be used to buy the banner, vote in polls, and get badges. So a Reddit <> Eth token bridge was created, and DONUT traded on Uniswap. But some people preferred donuts to be used for subreddit governance, so the experiment is currently paused. That’s my take, here’s Will Warren’s take.

Decentralizing project management with the Ethereum Cat Herders

ENS permanent registrar proposals

Client releases

The Mantis client written in Scala now supports ETH and will stop supporting ETC

Enterprise

Hyperledger Fabric founder John Wolpert on why Ethereum is winning in enterprise blockchain

Levi’s jeans, Harvard SHINE and ConsenSys announce a workers well being pilot program at a factory in Mexico

Tokenizing a roomba to charge it

Correctness analysis of Istanbul BFT. Suggests it isn’t and can be improved.

Governance and Standards

Notes from last all core devs call

A postmortem on the Constantinople postponement

SNT community voting dapp v0.1 - quadratic voting system

EIP1712: disallow deployment of unused opcodes

EIP1715: Generalized Version Bits Voting for Consensus Soft and Hard Forks

ERC1723: Cryptography engine standard

ERC1724: confidential token standard

EIP1717: Defuse the bomb and lower mining reward to 1 ether

Application layer

Augur leaderboard. And Crystalball.be stats. Augur v1.10 released

Lots of action in Augur frontends: Veil buys Predictions.global, Guesser to launch Jan 29, and BlitzPredict.

A fiat-backed Korean Won is live on AirSwap

Adventureum - “a text-based, crowd-sourced, decentralised choose-your-own adventure game”

PlasmaBears is live using LoomNetwork

Kyber’s automated price reserve - a simpler though less flexible option for liquidity providers. Also, Kyber’s long-term objectives

Interviews, Podcasts, Videos, Talks

Trail of Bits and ChainSecurity discuss 1283 on Hashing It Out

Videos from Trail of Bits’ Empire Hacking

Scott Lewis and Bryant Eisenbach give the case for Ethereum on a Bitcoin podcast

Philipp Angele talk on Livepeer’s shared economies for video infrastructure

Tarun Chitra on PoS statistical modeling on Zero Knowledge

Gnosis’ Martin Köppelmann on Into the Ether

Martin Köppelmann and Matan Field on Epicenter

Tokens / Business / Regulation

If you don’t have a background in finance, MyCrypto’s learning about supplying and borrowing with Compound will be a good read.

A nice look at the original NFT: CryptoPunk

NFT License 2.0 to define what is permitted with NFT and associated art

IDEO on what NFT collectibles should learn from legacy collectibles.

Matthew Vernon is selling tokens representing 1 hour of design consulting

Caitlin Long tweetstorm about Wyoming’s crypto-friendly legislation

Crypto exchanges don’t need a money transmitter license in Pennsylvania

General

Samsung to have key store in their Galaxy S10. Pictures show Eth confirmed.

Zilliqa to launch its mainnet this week, much like Ethereum launched with Frontier

NEAR’s private testnet launches at event in SF on the 29th

Polkadot upgrades to PoC3 using GRANDPA consensus algo

Looks like Protonmail wants to build on Ethereum

Messari says Ripple drastically overstates their supply to prop up their market cap

Sia’s David Vorick on proof of work attacks

a zero knowledge and SNARKs primer

Infoworld when the Mac launched 35 years ago: do we really need this?

Have a co-branded credit card in the US? Amazon (or whoever) probably gets to see your transaction history, which means they’re probably selling it too.

Dates of Note

Upcoming dates of note (new in bold):

Jan 29-30 - AraCon (Berlin)

Jan 30 - Feb 1 - Stanford Blockchain Conference

Jan 31 - GörliCon (Berlin)

Jan 31 - Maker to remove OasisDEX and Oasis.direct frontends

Feb 2 - Eth2 workshop (Stanford)

Feb 7-8 - Melonport’s M1 conf (Zug)

Feb 7 - 0x and Coinlist virtual hackathon ends

Feb 14 - Eth Magicians (Denver)

Feb 15-17 - ETHDenver hackathon (ETHGlobal)

Feb 27 - Constantinople (block 7280000)

Mar 4 - Ethereum Magicians (Paris)

Mar 5-7 - EthCC (Paris)

Mar 8-10 - ETHParis (ETHGlobal)

Mar 8-10 - EthUToronto

Mar 22 - Zero Knowledge Summit 0x03 (Berlin)

Mar 27 - Infura end of legacy key support

April 8-14 - Edcon hackathon and conference (Sydney)

Apr 19-21 - ETHCapetown (ETHGlobal)

May 10-11 - Ethereal (NYC)

May 17 - Deadline to accept proposals for Instanbul upgrade fork

If you appreciate this newsletter, thank ConsenSys

This newsletter is made possible by ConsenSys.

I own Week In Ethereum. Editorial control has always been 100% me.

If you're unhappy with editorial decisions or anything that I have written in this issue, feel free to tweet at me.

Housekeeping

Archive on the web if you’re linking to it:  http://www.weekinethereum.com/post/182313356313/january-25-2019

Cent link for the night view:  https://beta.cent.co/+3bv4ka

https link: Substack

Follow me on Twitter, because most of what is linked here gets tweeted first: @evan_van_ness

If you’re wondering “why didn’t my post make it into Week in Ethereum?”

Did you get forwarded this newsletter?  Sign up to receive the weekly email

[ragunath12]

six tools you need to know as a blockchain developer

A blockchain is an open ledger that records data and transactions

A blockchain is an open record that records information and exchanges and can’t be changed or erased once transferred. Everything exchanges can be openly and safely put away in the record with blockchain development service. It permits individuals to keep a solitary wellspring of truth, enabling them to go with better choices.

Engineers are inconceivably amped up for this development since they can utilize blockchain to assemble decentralized applications (dApps) without depending on incorporated brokers like Google or Amazon .

Likewise, since there are no incorporated middle people, designers don’t have to stress over security issues or information breaks . Engineers can likewise utilize savvy agreements to guarantee that their application is finished by details. The blockchain is a trustless framework; You don’t need to stress over another person hacking or taking your information in the event that you have the innovation.

Blockchain Development The initial phase in a blockchain project is to choose the fitting innovation stack. It would be smarter to conclude whether you can utilize the blockchain for a public, private, or consortium organization. It will assist you with recognizing the fitting advancement instruments and assets for your undertaking.

The subsequent stage is to pick your advancement system. You can browse different choices like Corda, Ethereum, or Hyperledger Fabric, with the choice to send off an application on their separate organizations. Whenever you’ve concluded which innovation stack and structure to utilize, now is the ideal time to begin creating!

One of the principal advantages of utilizing blockchain is that it offers overt repetitiveness and decentralized information capacity. It implies that regardless of whether one hub goes down, different hubs can in any case get to the information

MetaMask MetaMask is a Chrome internet browser expansion that can interface with dApps. An open source decentralized wallet permits clients to send and get advanced resources. MetaMask has as of late turned into the most well known dApp program for engineers since it is not difficult to utilize and profoundly useful.

MetaMask isn’t a basic program dApp, yet additionally has different highlights like character the board, login and enlistment, and that’s only the tip of the iceberg.

Embark In the event that you are searching for a blockchain improvement structure that you can use for your applications on decentralized networks, Embark can help you. This blockchain the board device can assist clients with dealing with their dApps and give you every one of the fundamental instruments to make and send off another one. form.

Web3j web3j is an instrument made for the blockchain development company by the engineers of the Java WebSocket API. This helpful library permits designers to interface and associate with Ethereum-based decentralized applications (dApps) in view of the blockchain. Furthermore, it upholds the Generic JSON RPC determination to interface with a nearby or far off Ethereum hub.

The advantage of this product is that you don’t have to design different programming dialects or framework to communicate with these exchanges. Likewise, you don’t have to comprehend how agreement functions or how diggers connect with these agreements. Assuming you’re fit for coding, you’re all set!

Prysm Prysm can be portrayed as an instrument intended for designers to assist with creating decentralized applications. It likewise gives a complete manual for building your most memorable decentralized application so you can get everything rolling at this point: a totally unlocked client for the Ethereum 2.0 convention written in Go. Prysm keeps two super durable branches:

Maestro: This is the latest stable variant. It is great for most clients. create: This branch is planned for advancement and incorporates the most recent PRs. Engineers ought to put together their PR with respect to this branch.

Remix Project Project Remix is a stage for improvement devices that utilize module engineering. It includes subprojects like the Remix Plugin Engine, Remix Libraries, and obviously the Remix IDE.

Remix IDE is an open source work area and web application. It empowers a fast improvement process and incorporates an assortment of modules with natural UIs. The Remix is utilized for the whole course of agreement advancement utilizing the Solidity Language and is likewise an optimal instructive jungle gym for educating Ethereum.

The Remix libraries work like the local modules part for the Remix IDE.

Truffle Suite Truffle can be depicted as an Ethereum Blockchain structure intended to give an bep20 token generator improvement climate to creating Ethereum-based applications. It incorporates a broad library of libraries that offer custom executions for composing new brilliant agreements. Make convoluted Ethereum dApps and assist with other complex requests for Blockchain advancement.

Truffle can robotize contract tests with Chai or Mocha. Truffle additionally empowers savvy contract improvement which incorporates connecting to construct and sending. It likewise offers a tunable form pipeline for custom form processes.

to get more

visit : https://www.blockchainx.tech/

[ngkio]

What should a truly valuable public chain have? Analysis on the development road of NGK

What should a truly valuable public chain have? Analysis on the development road of NGK

Blockchain can be roughly divided into public chain, alliance chain, private chain according to the type. At present, the most famous public chain is BTC, ETH, NGK, etc.; The alliance chain has Hyperledger Fabric and so on; Private chains are a blockchain built within a business, institution, or individual developer that provides more efficient processing speed and performance.

Since Bitcoin, more and more innovative blockchains have emerged, such as the Ethereum chain, known as blockchain 2.0, which introduces smart contracts with Turing's well-developed programming language and programmability to enable developers to build and run decentralized applications on blockchain.

In addition to Ethereum, dozens of public chains are active in blockchain markets. Many projects have created some prosperity for markets, but, so far, most public chains have produced little real value. Bitcoin has been a strong consensus for more than a decade, and Ethereum has built a more diverse blockchain world on its ecology. Beyond bitcoin and ethereum, what does a truly valuable public chain look like?

The most important feature of the public chain: decentralized

There's a project worth studying on the fairway of the N.G.K. Fairway. NGK is a commercial public chain based on hardware and software architecture. With the combination of high-performance software and hardware acceleration engine, the performance of blockchain distributed application is expanded.

Why should NGK do blockchain business in the form of public chains? We know that Nakamoto's white paper on bitcoin, in which he built an unregulated peer-to-peer electronic cash system, represented by Bitcoin, and that the underlying technology that has kept it running for nearly 12 years, is blockchain.

Public chain represents a decentralized spirit, relying on the design of the consensus layer and incentive layer, each node according to the consensus rules to support the operation of the entire network. We also look at the node model of NGK, NGK public chain in the initiative of the "campaign system", through efficient election mechanism consensus algorithm, data encryption and other technologies to achieve blockchain decentralized design ideas and original purpose.

Value Composition of NGK public chain

For a public chain to be valuable, there are several elements: ecological application, community consensus and technological strength. The Public Chain is the underlying operating platform, like the mobile Android or IOS, where to make the operating system valuable, build the app. These apps must also be often used, even inaccessible components, by businesses or organizations, individuals.

NGK public chain supports other public chain's DAPP migrations, greatly expanding its decentralized applications, and NGK also supports the development of smart contracts using Turing's well-established programming language. The development of DAPP on NGK's main website will be supported by the technical support and ecological incentives of the official team.     Community consensus: A public chain can last forever, not just by miners' nodes but by community investors. Only if the consensus is strong enough, we can gather enough like-minded people to build a strong moat for NGK's market price, at the same time attract more and more talented users to participate in NGK's ecological co-construction, and make their own efforts and contributions in technology, articles and content, spontaneous publicity, etc. On the other hand, relevant NGK officials often attend various meetings at home and abroad, and publicize NGK's development concept at the meetings, with far-reaching impacts. At the same time, some decisions about the NGK are published by the authorities as community voting events, actively consulting investors.

Technical Strength: NGK has a lot of points in the development of technical products, the first blockchain products combined with hardware and software, and the development of hardware real random number products. The technical features of NGK public chain, in summary, are three points: speed, security, and bottom of the fee. The NGK deals quickly, with 5,000 transactions per second (or 5000TPS) across the network and very low transaction costs, with just $0.0.1 per chain. On top of that, it's safe, thanks to NGK's hardware acceleration engine.

What is the future of the public chain

The public chain is at the forefront of an era, and the world's attitude to blockchain is mixed, but it is worth affirming that the industries mainly based on the alliance chain are expanding rapidly and are deeply integrated with traditional industries. And the public chain needs to be driven by a very strong core value to grow.

From the strong consensus in Bitcoin to Ethereum's rich ecological applications, to the way the blockchain hardware and software of the NGK public chain are combined, the public chain represents a decentralized spirit, a platform that everyone can participate in and build.

From miners to investors to community volunteers, everyone has been brought together by a "consensus mechanism," with the money and the power to do just what they agree on.

Then again, NGK, a technology-driven public chain, is staffed by people with geek dreams. NGK has great value and significance on the road of blockchain infrastructure construction. In the case of real random numbers, it can be applied to a large number of industrial ecosystems in banking, cryptography, finance, gaming, etc.

That is its value, as NGK, in its geek spirit, worked hard to expand and play the public chain's character and role in an era of brutal blockchain growth. At a time when other public chains are trying to make pies for communities and investors, NGK is proving itself with action.

[adalidda]

Illustration Photo: Developers at Open Data Hackathon 2016 (credits: NOI Techpark | Tech-Transfer Digital / Flickr Creative Commons Attribution-ShareAlike 2.0 Generic (CC BY-SA 2.0))

ONTOCHAIN Open Call - Ecosystem scalability and integration

Topic 6 - Ecosystem scalability and integration

CHALLENGE The challenge is to actually build a semantically complex and dynamic ecosystem and decentralised testing environment with the participation of various project related and external organisations and individuals. The key requirement is to integrate and support the initial ONTOCHAIN applications. In addition to this, various scalability and integration aspects should be considered.

REQUIREMENTS Develop an ONTOCHAIN tesbed and software ecosystem:

Including blockchain testbed, e.g. with Ethereum, Hyperledger Fabric or/and other ledgers Develop a software repository with the initial ONTOCHAIN baseline technologies Develop and maintain a framework of agreed ontologies and workflows for the application design, data, metadata. Align exchange formats between components of the software ecosystem. Communication protocols between components. Interoperability between the software ecosystem and the applications.

CONSTRAINTS Interoperability, integration and scalability aspects must be addressed.

Application Deadline: January 15, 2021 17:00 (CET)

Check more https://adalidda.com/posts/ZjKmbtKhx6AcqACdE/ontochain-open-call-ecosystem-scalability-and-integration

[marcoluther]

How to Develop a Successful Cryptocurrency from Scratch

Cryptocurrency development has become a booming industry, with blockchain technology revolutionizing finance, supply chains, gaming, and more. If you are looking to develop your own cryptocurrency from scratch, it requires a well-structured approach involving technical, economic, and regulatory considerations. In this guide, we will explore the essential steps to create a successful cryptocurrency, from planning and coding to launching and marketing.

Step 1: Define the Purpose of Your Cryptocurrency

Before diving into development, it is crucial to identify the purpose of your cryptocurrency. Some common use cases include:

Digital Payment System: Similar to Bitcoin or Litecoin, designed for peer-to-peer transactions.

Utility Tokens: Used within a platform or ecosystem to grant users access to services.

Security Tokens: Represent ownership in an asset, often regulated by financial authorities.

Stablecoins: Pegged to fiat currency or commodities to maintain stability.

Governance Tokens: Allow users to vote on decentralized protocols.

Once you establish the purpose, it becomes easier to decide on the blockchain type, consensus mechanism, and tokenomics.

Step 2: Choose the Right Blockchain Platform

There are two approaches to cryptocurrency development:

Creating a New Blockchain – Requires extensive coding but offers complete customization and security.

Building on an Existing Blockchain – Easier and faster; examples include Ethereum, Binance Smart Chain, Solana, or Polygon.

Popular Blockchain Platforms for Token Development:

Ethereum: Best for smart contract functionality (ERC-20, ERC-721).

Binance Smart Chain: Offers fast transactions with lower fees (BEP-20).

Solana: High-speed blockchain for scalable crypto applications.

Polygon: Ethereum Layer 2 solution with reduced gas fees.

If you want complete control, developing a new blockchain using Bitcoin Core, Cosmos SDK, or Substrate is an option.

Step 3: Choose the Consensus Mechanism

The consensus mechanism determines how transactions are validated. The most common types include:

Proof of Work (PoW): Used in Bitcoin, requires mining but is energy-intensive.

Proof of Stake (PoS): Used in Ethereum 2.0, validators stake tokens to process transactions.

Delegated Proof of Stake (DPoS): Faster than PoS, used in EOS.

Proof of Authority (PoA): Suitable for private blockchains.

Choosing the right mechanism depends on factors like security, scalability, and energy efficiency.

Step 4: Develop the Core Blockchain or Token Smart Contract

1. Creating a New Blockchain (If Not Using an Existing One)

If you choose to develop a blockchain from scratch, key components include:

Genesis Block: The first block of the chain.

Nodes: Computers that maintain the blockchain network.

Networking Protocol: Defines how nodes communicate.

Transaction Rules: Governs how transactions are recorded.

Popular programming languages for blockchain development include:

C++ (Bitcoin Core)

Go (Ethereum, Hyperledger Fabric)

Rust (Solana, Polkadot)

Python (Smart contracts and APIs)

2. Developing a Token on an Existing Blockchain

If building on Ethereum or BSC, you need to create a smart contract using Solidity (Ethereum’s programming language). A simple ERC-20 token contract consists of:

Token Name and Symbol

Total Supply

Balance Mapping

Transfer Functions

You can write and deploy smart contracts using tools like Remix IDE, Truffle Suite, and Hardhat.

Step 5: Set Up Nodes and Blockchain Network

Nodes are essential for maintaining a blockchain. Depending on your approach, you can choose:

Public Nodes: Open to anyone (like Bitcoin and Ethereum).

Private Nodes: Restricted access for businesses or enterprises.

Hybrid Nodes: A mix of both for controlled decentralization.

For a standalone blockchain, setting up full nodes, mining nodes, and lightweight nodes ensures proper network functionality.

Step 6: Implement Security Measures

Security is a top priority when cryptocurrency development. Some key considerations include:

Smart Contract Auditing: Ensure there are no vulnerabilities that hackers can exploit.

Consensus Attack Prevention: Avoid 51% attacks by strengthening node decentralization.

Multi-Signature Wallets: Improve transaction security.

Encryption Techniques: Secure wallet keys and user data.

Hiring professional blockchain security auditors like CertiK, OpenZeppelin, or Hacken can help prevent potential threats.

Step 7: Develop a Crypto Wallet

Users need a wallet to store, send, and receive your cryptocurrency. Wallets can be:

Hot Wallets: Internet-connected (MetaMask, Trust Wallet).

Cold Wallets: Offline storage (Ledger, Trezor).

Mobile/Desktop Wallets: Downloadable apps for easy access.

For custom wallet development, React Native (for mobile) or Electron.js (for desktop) can be used.

Step 8: Build a Blockchain Explorer

A blockchain explorer allows users to track transactions. It provides transparency and improves trust in your cryptocurrency. Examples include Etherscan for Ethereum and BSCScan for Binance Smart Chain.

Building an explorer involves:

Node Integration: Connecting your blockchain with APIs.

Database Management: Storing transaction history.

User Interface: Displaying blocks, transactions, and wallet balances.

Step 9: List Your Cryptocurrency on Exchanges

To enable trading, you must list your cryptocurrency on:

Decentralized Exchanges (DEX): Uniswap, PancakeSwap, SushiSwap.

Centralized Exchanges (CEX): Binance, Coinbase, Kraken.

Listing on DEX is straightforward using smart contract deployment. For CEX, you need:

Whitepaper Submission

Liquidity Requirements

Regulatory Compliance

Providing sufficient liquidity and volume improves credibility and adoption.

Step 10: Launch a Strong Marketing & Community Strategy

A successful cryptocurrency needs a strong marketing strategy. Key promotional methods include:

1. Website & Branding

Create an engaging website explaining the project's vision.

Design an appealing logo and visuals for branding.

2. Community Building

Use Telegram, Discord, Twitter, and Reddit for crypto discussions.

Host AMA (Ask Me Anything) sessions to interact with users.

3. Influencer Marketing

Partner with crypto influencers on YouTube and Twitter.

Utilize paid promotions on crypto news sites like CoinDesk and CoinTelegraph.

4. Whitepaper & Roadmap

A well-structured whitepaper builds investor confidence.

A detailed roadmap shows project milestones.

5. Airdrops & Bounty Campaigns

Distribute free tokens to incentivize early adoption.

Reward community engagement through referral programs.

Final Thoughts

Developing a successful cryptocurrency requires careful planning, technical expertise, and strategic marketing. By following these steps defining a clear purpose, choosing the right blockchain, implementing security measures, and executing strong marketing strategies you can launch a sustainable and profitable cryptocurrency.

As the crypto industry evolves, staying updated with new trends, regulatory changes, and technological advancements will ensure long-term success.

[freeudemycourses]

[100% OFF] Intro to Building Blockchain Apps: Hyperledger Fabric 2.0 What you Will learn ? Hyperledger Fabric 2.0 Advantages Hyperledger Fabric 2.0 Key Features Key Improvements…

[herokita]

Dalam surat kepada para pemegang saham, IBM telah mengakui bahawa salah satu pencapaian utama CEO baru adalah pengembangan perniagaan blockchainnya. Dokumen itu menyatakan bahawa portfolio teknologinya “dibina untuk masa depan”, dengan blokchain menjadi salah satu teknologi yang menyokong kepercayaan ini. Ia menandakan IBM sebagai: “… pemimpin dalam teknologi awan hibrid, data dan AI, keselamatan, blockchain, perkhidmatan perusahaan”. Membincangkan pelantikan Ketua Pegawai Eksekutif baru ini, ia menyatakan bahawa Arvind Krishna: “Memainkan peranan penting dalam membangunkan teknologi utama IBM: kecerdasan buatan, teknologi awan, pengkomputeran kuantum”. ‘Blockchain as a Service’ (BaaS) memainkan peranan penting dalam penawaran IBM. Walaupun, tidak ada maklumat tentang berapa banyak hasil yang dihasilkan untuk syarikat itu. Sebelum ini dilaporkan bahawa teknologi blockchain adalah pemacu utama pendapatan teknologi awan syarikat tersebut: “Apabila anda melihat penyataan langsung dari nilai sebenar yang dibelanjakan untuk blockchain, kita melihat bahawa untuk setiap dolar dibelanjakan, $ 15 dibelanjakan untuk perkhidmatan teknologi awan yang lain.” Pada tahun 2019, penawaran awan IBM menjana pendapatan lebih daripada $ 21 bilion, iaitu lebih daripada 27% daripada jumlah pendapatan syarikat. IBM merupakan penyumbang utama kepada Hyperledger Fabric dan telah terlibat dalam ruang blockchain sejak hari-hari awal masyarakat blockchain berkembang. Rujukan: https://sec.report/Document/0001104659-20-042546/ === Jika anda mahu berdiskusi dan bertanya tentang bitcoin, matawang kripto (cryptocurrency) dan teknologi blockchain di Malaysia. Anda dijemput bersama-sama komuniti Bitcoin Malaya di FB dan @CoinDotMy di Telegram. Jangan lupa ikuti kami di Twitter dan Instagram! Nak beli bitcoin? Jangan tertipu dengan scammer bitcoin! Biar faham dulu tentang bitcoin! Klik sini untuk belajar. (function () { function appendFbScript() { var js, id = 'facebook-jssdk', fjs = document.getElementsByTagName('script')[0]; if (document.getElementById(id)) return; js = document.createElement('script'); js.id = id; js.src = "https://connect.facebook.net/en_US/sdk.js#xfbml=1&appId=623358408023673&version=v2.0"; fjs.parentNode.insertBefore(js, fjs); window.fbAsyncInit = function () { FB.init({ appId: '623358408023673', xfbml: true, version: 'v2.0' }); FB.Event.subscribe('comment.create', function (comment_data) { console.log(comment_data); update_comments_count(); }); FB.Event.subscribe('comment.remove', function (comment_data) { update_comments_count(); }); function update_comments_count(comment_data, comment_action) { jQuery.ajax({ type: 'GET', dataType: 'json', url: 'https://coin.my/wp-admin/admin-ajax.php', data: { action: 'clear_better_facebook_comments', post_id: '57058' }, success: function (data) { // todo sync comments count here! data have the counts }, error: function (i, b) { // todo } } ) }; }; jQuery(document).on("ajaxified-comments-loaded",appendFbScript); } appendFbScript(); })(); window.fbAsyncInit = function() { FB.init({ appId : '623358408023673', xfbml : true, version : 'v2.12' }); FB.AppEvents.logPageView(); }; (function(d, s, id){ var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) {return;} js = d.createElement(s); js.id = id; js.src = "https://connect.facebook.net/en_US/sdk.js"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk')); !function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window, document,'script', 'https://connect.facebook.net/en_US/fbevents.js'); fbq('init', '2898906260162341'); fbq('track', 'PageView'); HEROKITA.com | Digital Talents On Demand Source link

[truthblockchain]

IBM Blockchain To Offer Decentralized Smart Contracts

IBM is upgrading its enterprise blockchain solution to provide clients with a new decentralized governance option that will allow transaction parties to propose and amend smart contract parameters.

The blue-chip IT firm said last week the IBM Blockchain Platform would carry over the changes in Hyperledger Fabric 2.0 – its base layer – claiming it "vastly improves" overall security and usability.

As well as improving performance and data privacy, IBM said in a blog post that the upgrade would completely change the platform's smart contract governance.

"IBM Blockchain Platform will support Hyperledger Fabric 2.0 and continue to add additional capabilities around the new decentralized smart contract lifecycle management and other new improvements," IBM said in its blog post. "In addition, the platform will allow the user to choose which version of Fabric to deploy and to migrate from one version to another."

Although IBM says it is "full steam ahead" with the Hyperledger Fabric 2.0 integration, it didn't provide a timeframe for when it expects to go live.

On the existing Hyperledger Fabric 1.0, smart contract governance is largely centralized. The ability to propose new parameters is reserved for one entity, while all other parties face a binary choice of either accepting them as they are or refuse them entirely and take themselves out of the ongoing transaction.

While they can still opt to put one entity in control of the parameters, a document issued by the Linux Foundation – the open-source tech consortium that launched the upgrade – says Hyperledger Fabric 2.0 adds a decentralized model where multiple parties can propose and amend parameters before they become active on the transaction channel.

https://www.coindesk.com/ibm-blockchain-to-offer-decentralized-smart-contract-option