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DESCRIBE POLKADOT, AN INTEROPERABLE BLOCKCHAIN TO CONNECT MULTIPLE CHAINS TO ONE NETWORK In one of our articles on interoperability in blockchains, we talked about the ways that interoperability can enhance the efficiency of blockchain protocol. Interoperability is the process of enabling multiple blockchains to communicate with one another. In that article, we talked about Polkadot which is an interoperability solution for blockchains. In today's insights, we'll discuss Polkadot in greater detail, helping you understand how it's offering interoperability for blockchains, its primary characteristics and capabilities, how it operates, and many other aspects. What's Polkadot Network? Polkadot can be described as an interoperable blockchain that allows different blockchain ecosystems or networks to interact with each other. In a sense, it connects the two. There's a Swiss Foundation named Web3 Foundation. The goal of the Foundation is to provide an open, fully function

PHALA NETWORK - BLOCKCHAIN-POWERED PRIVACY-PRESERVING CLOUD COMPUTING Blockchain is like any technology. There are always areas for improvement. It is fascinating to see how new solutions-focused blockchain protocols have been developed to overcome some of the technology's limitations. Polkadot, for example, solves the problem of blockchain interoperability. Chainlink allows communication between off-chain data servers, APIs, and on-chain data. Hathor increases scalability while reducing transaction fees. Every emerging blockchain protocol has a unique strength, which further enhances its efficiency and makes it more adaptable to the real world. Why confidentiality is important in smart contracts? Blockchain is unique because it's a distributed ledger that records transactions in an anonymous and trustless manner. Every transaction is publicly available. It is, therefore, possible to verify the transaction, but no one can alter it. Blockchain's transparency is revolutionary

HOW TO BUILD A ETHEREUM DAPP WITH INTEGRATED WEB3 MONITORING? Ethereum is a remarkable blockchain-based platform. It offers many features, including virtual machines and ether (its native currency), which enable developers to create and deploy decentralized apps (dApps), smart contract and decentralized autonomous organizations (DAOs), and other services. Ethereum, a second-generation blockchain platform allows developers to create highly reliable apps or smart contracts. It is a revolutionary blockchain platform and can be used in many industries. 1. Decentralized They are not controlled by any one individual or group. 2. Isolated The Ethereum Virtual Machine executes Ethereum dApps. It's a virtual environment that ensures the normal functioning and security of the blockchain network in the event of a bug in smart contracts. 3. Turing Complete If given the resources, an Ethereum dApp will perform any action. 4. Deterministic They can perform the same functions regardless of their

SOLANA - FIRST BLOCKCHAIN FOR PROOF-OF HISTORY Ever wonder what the fastest speed is for a blockchain transaction. According to Ethereum 2.0, the fastest record of a blockchain transaction was 10,000 Transactions per Second (TPS). This is because it has shared chains that allow for these transactions to be performed at such high speeds. Blockchain gained popularity due to its speed of transactions. For a long time, financial platforms have faced the problem of low transaction speed and transaction validation. What is Solana? Solana can be described as a decentralized public blockchain system that operates in an open-source fashion. It can achieve its consensus using proof of history as well as proof of stake. Solana is able to regulate peer-to-peer transactions using its cryptocurrency, SOL. It also guarantees 50,000 TPS. Solana blockchain is "censorship-resistant" as guaranteed by its founders, and it also supports smart contracts and Non-Fungible Tokens. Who was the founder

Top Fintech Development Companies Initial use of the term "Financial Technology" or FinTech was to refer to the digitization and automation of backend systems, processes and financial institutions such as banks. Fintech technology now refers to consumer-oriented services in personal or commercial finance. Fintech technology is not just for banks and financial institutions. It also applies to education, fundraising, nonprofit, investment management and retail banking, among others. Fintech is a multi-sector term that focuses on technology solutions to empower financial operations, such as specialized software and algorithms. These applications have led to better business transactions, money transfers, and digital finance. This is a list listing the top 10 Fintech Development Companies for 2021. 1. LeewayHertz LeewayHertz is a top-rated custom software development company that enterprises and startups choose to use for their technology transformation efforts. 2. Fluper Ltd Flup

WHAT ZERO KNOWLEDGE PROOF IS AND ITS ROLE in BLOCKCHAIN The number of fraudsters has increased with the development of technology. Maintaining security protocols is a key task in order to ensure transactions are secure. Blockchain is a promising innovation, but we still need to maintain security in transactions. Zero-Knowledge Proof, or ZKP, is a good choice in such situations. A blockchain platform uses cryptographic techniques to make transactions completely secure. Since its inception, cryptography has been closely associated with blockchain. The combination of cryptography and blockchain has been a popular choice since ZKP was launched. The combination of cryptography and blockchain has created a secure mode for financial transactions. What is Zero-Knowledge Proof and what are its implications? Zero-Knowledge Proof (or Zero-Knowledge Proof) is a cryptographic technique that does not reveal any information during transactions, except the exchange of some value to the prover and the

HOW DO I CREATE A BINANCE SMART CHAIN BEP-20 TOKEN? Every year, the Blockchain sector delivers creative and cutting-edge technologies that challenge the status quo and usher in improvements, particularly in the decentralized financial space. Binance Smart Chain is a new invention that provides its customers with a vast and developing digital asset ecosystem that has never been seen before in the decentralized exchange world. What is Binance Smart Chain, and how does it work? It is a dual-chain design that allows users to build dApps and digital assets on the blockchain while also allowing for quick trading. The following are the highlights of BSC: Compatible with EVM Transfer of data between chains Stake authority proof 3 second block time BSC is a blockchain that runs alongside Binance Chain that allows tokens on the Binance blockchain to have smart contracts. BNB, one of the world's most popular cryptocurrencies, also received a brand-new staking system. Users of BSC can take adv

A COMPLETE GUIDE FOR DEFI YIELD FARMING DEVELOPMENT The evolution of every industry is a constant process. The rise of rising trends is causing a lot of buzz in the world. This has led to the realization that every industry can be reshaped by the crypto space. DeFi technology has been a key innovation in the blockchain space. This technology has allowed the financial sector to be more flexible and innovative than traditional finance. Yield farming is one of the most popular trends in crypto. Yield farming is a better choice for those who are looking to invest in certain cryptocurrencies and make a substantial profit. What is DeFi Yield Farming and how do you define it? Yield farming allows you to earn rewards from your cryptocurrency holdings. DeFi yield farming is the act of lending or staking crypto assets within DeFi protocols in order to generate high returns in interest, incentives, or additional cryptocurrency. Farming refers to the high level of interest generated by different D

HOW TO CREATE NFTS ON CARDANO BLOCKCHAIN NFTs were established in 2014 and have been gaining popularity in trading digital artwork. NFTs have been worth $174 million since November 2017. NFTs are often unique, one-of-a-kind, or limited editions, and come with unique identifying codes. Arry Yu (chair of Washington Technology Industry Association's Cascadia blockchain Council and managing director at Yellow Umbrella Ventures) explains that NFTs are fundamentally about creating digital scarcity. This is striking in comparison to digital creations that are available in an unlimited quantity. The theory is that a cutoff in supply will increase the asset's value, as long as it is still in demand. What is a Cardano Blockchain and how does it work? Cardano, a third-generation distributed proof-of-stake blockchain platform, is called. Cardano shares many characteristics and applications with Ethereum but it is different because it commits to peer-reviewed scientific research for the fou

 What is a BLOCKCHAIN ORACLE PROBLEM? And how can CHAINLINK solve it? The Greek mythological story of the oracle explains that it refers to people who can communicate with god and predict what the future will look like. Oracles on the blockchain, however, do not predict the future like the oracles in Greek mythology. Instead, they retrieve past data. Oracles don't insert data directly into the blockchain, but instead, collect and store data from real life. Based on the traits that govern source, the direction of information, and trust, there are three types of blockchain oracles: Software Oracles They communicate with online information sources (databases and servers, websites), and then pass that information to blockchain smart contracts in real-time. This information includes digital asset prices, real-time flight information, and exchange rates. Hardware Oracles These oracles can retrieve information from electronic sensors, barcode scanners, and other information-reading device

HOW TO CREATE AN ERC-721 TOKEN ERC-721 is the best choice for anyone who wants to channelize and use a crypto collectible Dapp due to the increasing demand for non-fungible tokens. ERC-721 is a popular choice for many years. It makes secure blockchain networks that connect to "crypto gaming", online games. The digital collectibles compatible with the ERC-721 standard and gaining popularity have been a big hit since the launch of Cryptokitties. What are NFTs? NFT, or a Non-Fungible token can be described as a crypto asset that is distinct and indivisible. They are not interchangeable and cannot be sold in an open market. The NFT is comprised of the identifying information stored in Smart Contracts. This information allows for a fair differentiation between NFTs and makes each one irreplaceable. What are the functions and responsibilities of ERC-721 Similar functions to ERC-20 Name This field can be used to indicate the token's name so that other applications and contracts

HOW DO I CONFIGURE A CHAINLINK NODE? Blockchain has experienced meteoric growth in popularity, because of its decentralization and security features. However, blockchain's capacity to maintain the integrity by limiting data input from external sources has several limits. What exactly is a Chainlink Node? Chainlink is a decentralized platform network that connects smart contracts to real-world datasets like as events, data feeds, and information via oracles from off-blockchain sources. Improving the smart contract ecosystem in order to create more effective blockchain applications. Creating a better chainlink reference implementation. Access to data, payments and other API services are all available. Why is it required to use chainlink? The goal of Chainlink is to tackle the problem of smart contract connectivity. This issue occurs when a smart contract is unable to interface with any other resources running outside of the node network. Off-chain data must be in the same format as o

 RCHAIN: EVERYTHING YOU NEED TO KNOW Blockchain technology has piqued the curiosity of a wide range of businesses, from startups to Fortune 500 companies. Every new blockchain network is banking on three main features: scalability, speed, and lower transaction costs. In the same league as RChain. With REV cryptocurrency, RChain is on track to become the world's most powerful blockchain platform. What exactly is RChain? RChain, a cooperative based in Seattle, Washington, was founded in 2017 and has launched one of the most complete Smart Contract platforms, known as RChain. It's a new Blockchain platform that's based on a formal paradigm of decentralised and parallel computation. RChain employs that concept to create a compositional, concurrent, and massively scalable Blockchain using correct-by-construction software development. Who is the brains behind RChain? The RChain Cooperative is a global organisation run by and for its members. The power of the entire RChain ecosyst

WHERE DOES SERVERLESS ARCHITECTURE COME FROM AND HOW DOES IT WORK? Managing an architecture becomes a big task as enterprises and their technology ecosystems grow. Software development teams devote their time and resources to applications and development rather than becoming platform experts. Serverless architecture is one of the new techniques that is overcoming this challenge. What does it mean to be "Serverless"? Previously, the term "serverless" was used to describe apps that used third-party cloud-hosted services and apps to maintain server-side state and logic. Serverless applications are those in which the app developers create server-side functionality. Still, unlike traditional architecture, applications run in stateless compute containers that are event-triggered and managed by a third party. What is Serverless Architecture, and how does it work? Serverless Architecture is a software design style in which applications are hosted by a third party, eliminati

HOW TO USE THE HEDERA TOKEN SERVICE TO CREATE HEDERA HASHGRAPH TOKENS? In recording the value of tangible assets digitally, tokenization is a revolutionary invention for quick transactions and capturing of data. With the emergence of the first crypto-token Bitcoin, the development of Blockchain has traversed a long way in the field of tokenizing tangible and non-tangible assets digitally. Beyond corporations and decentralized protocols, the Tokenization platform is continuously being scrutinized for security, transparency, digital currency, and the smooth flow of virtual transactions. Because of its transparency, tokenization has aided market mechanisms and transactions. It allows people from all walks of life to take part in the smooth flow of digital transactions. What is Tokenization, and how does it work? The process of issuing blockchain tokens in exchange for real-time assets is known as tokenization. Depending on the nature of the company, tokenization can also generate multiple

Dapper chose to create a blockchain that other developers could trust, rather than searching for an alternative to the decentralized app. They created a platform called Flow that uses blockchain technology to support large-scale crypto-games and NFT collectibles. What is flow? Flow is a Blockchain platform that allows for large scaling without the use of sharding. It offers low-cost, fast transactions for dApps like crypto-based video games or NFT marketplaces. Flow, the product of Dapper Labs and the company behind CryptoKitties blockchain games, is called Flow. The founders created a platform that allows interactive games and experiences. Flow is a multi-role architecture that empowers developers to create crypto-enabled companies. Flow applications allow users to manage their data and create digital assets. Smart contracts written in Flow can be assembled like Lego blocks to run applications serving billions of users, from basketball fans to businesses with mission-critical needs. W

HOW TO CREATE TOKENS ON THE TEZOS PLATFORM Global economic growth is moving towards a digital ecosystem. Organizations around the world are adopting digital tokens to digitize everything from money transfer and investment. Blockchain is a great solution for anyone looking to secure and privately manage their finances online. Digital tokens, which have roots in blockchain technology and data security, are poised to revolutionize asset securitization. What are the different token standards in Tezos The standard defines the functionality and compatibility of any digital token. Tezos's token standards are in TZIP format (Tezos Interoperability Proposal). This led to the development of several different proposals. Each proposal is identified by its FA number. TZIP # 5: Financial Application 1 (FA 1) - Abstract Ledger. TZIP #7: Financial Application 1.2 (FA 1.2) - Approvable Ledger. TZIP# 12: Financial Application 2 (FA 2) - Multi-Asset Interface. (FA 1) - Abstract Ledger FA1 (Abstract l

HOW TO CONFIRM A STELLAR HORIZON SERVER ON AWS Stellar is a platform that allows bank connectivity and payments system, as well as people to connect with each other. It was created to facilitate money flow and transactions quickly and efficiently, with minimal costs and trust. What is a Stellar Horizon Server and what do you think it means? Horizon is an API server for the Stellar ecosystem. It acts as an interface between applications that want to access the Stellar network or stellar-core. Horizon lets you send transactions to the Stellar network and tracks the account status. It also helps with event stream subscribing. Horizon provides an HTTP API to the Stellar network. It consumes and stores the data from the Stellar network in an easier-to-use format than the performance-oriented data representations of Stellar Core. Establishing Process for DNS and https Certification Blockchain's nature is intrinsically encrypted, which makes cross-asset transactions extremely convenient.

HOW TO DISRUPT PATENTED ECOSYSTEMS WITH BLOCKCHAIN Blockchain technology promises exciting innovations for the Intellectual Property ecosystem. Blockchain technology seeks to increase efficiency and protect data. AI, on the other hand, can be used to assist in the analysis of many applications that have been submitted to the patent office. Blockchain and AI can be combined to decrease the labor and time needed for patent analysis. What are Blockchain patents? Blockchain is the most widely used technology of recent times. Blockchain patents are rights that can only be granted by an authority like a sovereign state or intergovernmental organization. These exclusive rights grant the inventor the right to make the invention public. Blockchain patent is the key to unlocking trust in business. This disruptive technology has been gaining global attention since Bitcoin's emergence. It does not involve third parties in its operation. Instead, it broadcasts, corroborates, and exchanges data