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Polka Dot’s rising future!

Take a look at the explosive growth of decentralized finance, or DeFi, this year, and it’s clear why Ethereum is dominating so many discussions in the enterprise space right now.

The native cryptocurrency of the second-largest blockchain, ether (ETH), is up 266 percent this year, more than twice as much as the soaring bitcoin (BTC).

However, many savvy digital-asset investors are hedging their bets by purchasing tokens connected with upstart blockchains that have the potential to overpower its Ethereum network, which is called the “world computer” due to its efficiency and programmability. A dot (DOT) of the Polkadot blockchain, whose co-founder Gavin Wood was a co-founder of Ethereum, also is such a token.

Polkadot is built around the idea of “parachains,” which are blockchains that can process many transactions per second than Ethereum due to their more sophisticated design. The word is brief for “parallel blockchains,” as per Peter Mauric, at Parity Technologies.

As per Polkadot investors, developers have used Moonbeam, a Boston firm that has designed its own parachain to resemble a toolkit familiar to Ethereum developers. Interlay, which plans to launch a wrapped bitcoin project called “PolkaBTC” in 2021, and cross-chain liquidity supplier Balance, this will be the first Polkadot project, are two results presenting use cases to Polkadot.

Polkadot’s able to develop new blockchains is compelling from an investment standpoint, according to van Schreven. Having supported Ethereum, van Schreven believes Polkadot’s “blank slate” will allow it to offer users brand-new robustness, certainty, and governance features. The Polkadot platform’s own token, DOT, performs three functions. It is staked to provide security for the relay chain, to be bonded to connect a chain to Polkadot as a parachain, and to be used for network governance. All of this could lead to more developers adopting the network, which is one of the drivers for Ethereum’s growth and Polkadot’s parachains would bring the advantage of that fact.

Its ultimate goal is to serve as a framework for all blockchains that choose to participate, similar to how HTML allows websites, browsers, and servers to communicate with one another. The goal is to take care of the time-consuming and expensive cryptocurrency mining procedures (such as transaction validation and security protocols) so that developers may concentrate on developing dapp and smart contract functionality

What is the significance of this?

Developers that are creating novel, decentralised systems must now construct them from the ground up. This also implies that effort, skill, and resources are being directed toward the creation of rival networks rather than a standard on which everyone may build.

Transaction addresses are validated and data is standardised in the network’s so-called “relay chain” so that it can be understood by any machine. All of the chains’ security is pooled here.

While functionality is taken care of, Polkadot-connected blockchains can utilise their own PoS method, select when and how to upgrade their code, and run any dapps or tokens they want.

Also read : Is Tesla still Accepting Bitcoin as a Payment Method ?

All you need to know about Next.chain

Ethereum has ushered along a new frontier of decentralized financial applications that are fully permissionless, open, and transformative in several aspects. It has done so, however, on a trial basis and at a significant cost. Ethereum offers a platform for these decentralized applications to also be

constructed on, but it has not been equipped for widespread adoption.

On the Ethereum network, simple transactions can cost up to $10, and communicating with smart contracts can be many times more costly. Though Ethereum’s undeniable popularity has resulted in a

massive Defi community as well as large amounts for both decentralized exchange and the total value

stored, its infrastructure is certainly not equipped for high deployment.

This is where NEXT. chain enters the picture. NEXT.chain is built on the foundations of pioneers like

Ethereum and Bitcoin to build a Defi-ready chain that businesses and customer’s requirements use for

all their decentralized finance needs.

Next. chain is a powerful instant-transaction blockchain built on top of the Bitcoin core and augmented

with features including tokenization and master node cryptographic protocols.

Smart contracts on the Next. chain allows the user to:

Offer digital exchangeable assets such as shares, bonds, and other types of securities.
Generate a range of collectibles (nonfungible tokens).
Build and manage decentralized/sovereign attributes.
Other types of arbitrarily defined smart contracts can be built and run.

Why NEXT.Chain?

So, what distinguishes NEXT.chain from its competition? The project is based on Bitcoin-core, but it adds several new qualities and functions, such as a Proof of Stake consensus system and a Masternode network, that build on a framework of very well, proven technology. It validates for faster transaction

speed and privacy-enabled exchange.

Also, it enables this to tap into the Bitcoin mining community by offering a merge mining choice, which encourages even community members and developers to get and expand on NEXT. It’d be amplified by

the addition of an API for third-party integration.

Has Next.chain already deployed?

We chose the combination of becoming a proof-of-work and proof-of-stake blockchain with master node validators. The Next. chain has been running in the manner since April 2019 and has grown already to 200 master nodes. This enables us to achieve high transaction speeds like a PoS network (which Ethereum 2.0 is aiming to achieve and which we already have). Still, we also keep PoW in place to ensure that miners calculate hashes with strong encryption. Hence there is a lot of scope in next.chain.

Is Supply Chain Management and blockchain the Future?

Supply-chain expansion is being accelerated by breakthroughs. Blockchain in the supply chain has the potential to increase transparency and regulatory compliance while cutting operating costs. Blockchain is one of the most revolutionary technologies changing digital supply chain management.

Blockchain has lately emerged as a key possibility for unwinding all of the data, paperwork, and communication interactions within the ecosystem as supply chains become increasingly intricate, encompassing a wide range of applications and relying on various counterparties.

In today’s modern Supply Chain Industry, what role does blockchain play?

In the vast majority of cases, today’s modern supply chains operate at high volumes without the use of blockchain technology. Despite these obstacles, the technology has attracted the interest of the information technology and supply-chain industries.

It has also sparked the publication of research papers and inspired current IT firms and start-ups to embark on successful development efforts. Let’s have a look at its distinguishing characteristics:

Fees for Transactions

When using Swift to make cross-border transfers, the pay commission is deducted after the payment has been completed — or, to be more precise, after the transaction has passed through several intermediate banks. In the case of blockchain, the fees are also known ahead of time.

Clarity

In the blockchain, there is no middleman, such as a bank or other financial institution. Even though the ledger is updated regularly, transactions are faster and more visible. Payment terms, such as payment identification, can be pre-programmed in real-time and made available only to authorized parties.

Flexibility

Due to its decentralized structure, blockchain does not have a single point of failure. Furthermore, all decentralized transactions are irrevocable and irreversible, significantly lowering the risk of fraud.

Although blockchain supply chain application scenarios are being developed, several successful

implementations indicate that companies may gain positive impacts from blockchain, varying between

productivity and greater efficiencies towards current organizational models, especially in the

development of supply chain management outlined below:

Purchasing
Real-time visibility and authenticity
Agreements and transfers in the information realm
Manufacturing
Logistics

The supply chain will benefit from more open and precise end-to-end monitoring thanks to blockchain:

Companies can automate physical assets and create a decentralized, permanent record of every transaction, enabling asset identification from development to distribution or final use. This enhanced supply chain transparency allows businesses and consumers further access.

For instance, Maersk and IBM are collaborating on cross-border, cross-party payments that will benefit

from blockchain technology.

Blockchain is a catalyst of change to the entire Supply Chain Industry in the way processes work- slow,

manual, too many errors, missing paperwork, and much more. It is adding value by the power of transparency, regulating compliance, and reducing overall costs.

Blockchain with supply chain development could be a powerful integration as early prototypes prove.

Supermarkets will use blockchain for product safety and tracking in the upcoming years to maximize its

transparency across manufacturing, value, and cleanliness.

Is zero-carbon token future of tomorrow?

Fortunately, late developments and advances, for example, the blockchain have prompted a few answers for address these issues, and quite possibly the most encouraging arrangements come from Zero Carbon, a blockchain-based task that is ready to shake the business with its exceptional way to deal with how energy is burned-through today.

A Zero Carbon token utilizes blockchain to battle environmental change. Customers can save money on energy and earn Zero Carbon token coins by switching to zero-carbon energy in the crypto market. Introducers might gain from spreading the word as well. By undercutting both renewable energy and fossil fuels on price, the Zero Carbon

The market can produce a faster reduction in carbon emissions. An established blockchain-driven economy with Energy tokens as significant reward-based incentives for customer activity can also act as the catalyst for change. A project in the area that aims to use blockchain technology to reshape the online travel sector has a very high incentive in the future.

This idea is a blockchain revolution uniquely, combining logistics with zero-carbon options. In this awful era of global warming and pandemics, the world must become carbon-free. Zero carbon tokens will be used to communicate important aspects of the digital ecosystem. It will provide token utility as well as a more advanced blockchain platform. These tokens have utility worth since energy providers need to source them to pay the exchange charges needed to take part in the Zero Carbon Market.

How does it work?.

The Zero Carbon token tackles climate change by lowering carbon emissions directly around the world. They do it by utilizing a mechanism that utilizes international carbon credits to balance the carbon emissions of energy contracts in a considerably more cost-effective manner than relying just on renewable energy.

Not only is this technology substantially less expensive than renewable energy, but it also cuts total carbon emissions by the same amount at a fraction of the cost! One unique feature of Zero Carbon is that energy suppliers pay the platform’s transaction fees rather than end-users, though consumers can decide to pay the transaction fees in exchange for lower energy rates.

Consumers can purchase electricity packages from suppliers through Zero Carbon’s market, which allows energy suppliers to list and sell their contracts to consumers. Consumers can choose from a list of suppliers, much as in a traditional marketplace, and Zero Carbon will display important information such as the cost of power or the advantages offered by each source to help them make smarter decisions.

Also read: What is Lightning Network in the world of crypto?

Blockchain mining with a carbon-free footprint

Is it a hoax? Is it a pressing issue? Certainly, yes. Who should know? We should. This blog will incorporate a deeper look into this topic. Carbon footprint is the entire quantity of greenhouse gas emissions produced by a product or service during its manufacture, use, and disposal. It comprises carbon dioxide, the most prevalent gas released by humans, as well as other gases such as methane, nitrous oxide, and fluorinated gases, all of which trap heat in the atmosphere and contribute to global warming. Transportation, housing, and food account for the majority of an individual’s carbon footprint.

Some people do require this cosmic energy, which is expensive due to the cutthroat premise of proof-of-work blockchains. Cryptographic money exchanges are documented by a conveyed group of excavators, who are aided by block rewards rather than being saved in a central data store. These specialized computers are competing in a computational challenge to create new squares by solving cryptographic puzzles.

Cryptographic money proponents agree that this framework has a number of advantages over other monetary systems since it does not rely on a trusted intermediary or weak link. Regardless, the mining puzzles necessitate multiple energy-intensive calculations.

Because of the calculations required for mining, digital currencies consume a lot of energy. According to the most recent estimates, the network consumes as much energy in a year as in Argentina. China, which generates the majority of its energy from coal, is home to 65 percent of crypto diggers.

Supporters have downplayed the energy consumption of cryptocurrencies, claiming that mining operations tend to concentrate around areas with surplus renewable energy like solar energy.

Sun-based energy, which is a common fuel source, could only supply 40% of framework electricity before utilities were forced to cover key concerns with higher power bills. Regardless of whether mining is included in a close planetary system, energy suppliers – whether utilities or autonomous elements – can influence the exchange between power and mining expenses.

Solar is now the world’s cheapest energy source; however, it is experiencing deployment obstacles due to its intermittent power supply and system congestion. It’s a flexible load alternative that might help solve a lot of the grid’s intermittency and congestion issues by allowing networks to deploy a lot more renewable energy.

The more solar deployment will likely lower these generation technologies’ cost curves even further, bringing them closer to zero marginal cost energy production and zero carbon footprint.

The Levelized Cost of Energy (LCOE) for solar power has decreased by 71 percent over the previous decade, making sustainable power the most cost-effective and environmentally benign option. The current unsubsidized costs of solar power are 3-4 cents per kWh.

As a result, sun-oriented energy is currently less valuable than coal and gaseous gasoline. Sunlight-based crypto mining has reached cost parity with both geothermal and hydroelectric power, which are both relatively inexpensive at roughly 3-5 cents per kWh. Market experts have argued that success necessitates development but that this comes at the cost of environmental degradation, which is regrettable but inescapable. Our current situation is frequently viewed as an extra cost or a corporate externality. The production of air pollution as a result of ingesting petroleum derivatives is a negative externality.

Carbon sequestration by trees, on the other hand, is a positive externality. In our current financial situation, these externalities are not fully expressed. Anyway, there has been solid protection from this commodification and value labelling of nature. These arrangements are top-down and planned in an approach to restricting harm. They are built to contrarily build up individuals to do less awful.

Also read- https://www.exhibit.tech/crypto/revolutionizing-agriculture-with-blockchain/

Top 5 Tech-Trends We Witnessed In The First Half Of 2021

The first half of 2021 is gone like a hurricane, and after a year full of rules and regulations, now people are breathing openly and planning to spend another half of the year like the good old days, thanks to all the researchers, doctors and scientists who invented the Covid-19 vaccines. But have you ever thought about how these things became possible in a short period? Yes, it all happened because of advanced technology; otherwise, the world would have lost billions of lives by now.

Technology plays a vital role in our lives; from electric cars to Artificial Intelligence, humans are surrounded by technological inventions. Day-by-day, it is developing rapidly, resulting in a digital revolution taking place all over the world and here’s a list of top tech trends we witnessed in the first half of 2021.

5G Network:

5G belongs to networks that use cutting-edge technology, including augmented reality and virtual reality. The term 5G has been in trending topics for the last couple of years. Though no one directly owns it, several telecommunications operators worldwide are contributing to bringing 5G to life. The top 12 5G companies supervising the research are Samsung, Huawei, Nokia, LG, Ericsson, Qualcomm, ZTE, Orange, Verizon, AT&T, NEC Corporation, and Cisco.

South Korea, China, and the United States are among the first countries who lead the world in building 5G technology. One of the most remarkable achievements of 5G will be its speed which is expected to hit 20 GB/s. In India, the department of telecom (DoT) has allowed telecom operators to start 5G trials in the country, but it’ll take another year to launch it for all. According to some reports, India’s 5G network is slated for commercial launch by August 15 next year on the country’s 75th anniversary of Independence.

Virtual Reality & Augmented Reality:

Virtual Reality (VR) and Augmented Reality (AR) are two of the exceptional and trending technologies that have emerged in recent days and are expected to integrate into our lives in the coming future. Virtual reality adopts computer modelling and simulation to create a similar or completely different environment from the real world. VR benefits people in looking around the artificial world, moving around in it, and interacting with virtual features or items.

While Augmented Reality is an enhanced version of the real physical world that is more concerned with any technology that ‘augments’ the user’s visual perception of their environment using computer-generated elements. Unlike Virtual Reality, where a computer generates everything a user sees, Augmented Reality keeps the real-world focus.

Internet of Things:

The Internet of Things (IoT) is a promising technology that represents the network of physical objects (things) implanted with sensors, software, and other technologies to collect and exchange data with other devices and systems over a wireless network without human intervention. The Internet of Things (IoT) is concerned with businesses using data and insights to influence and follow customer behaviour and use the Internet of Behaviour (IoB) to benefit their respective channels.

The purpose behind the Internet of Things is to have devices that self-report in real-time and bring important information to the user more quickly than a system depending on human interference. A health-tracking app that collects information about your physical activity routine, diet, sleep, and other habits is one of the examples of the Internet of Behaviour. Along with the health-tracking app, thermostats, cars, lights, refrigerators, and more appliances can all be connected to the IoT.

Blockchain:

What most people state about Blockchain is a false presumption; the technology is not only for Bitcoin and other Cryptocurrencies, it is way beyond that. The year 2020 marks the entry of many applications that use the latest blockchain technology, and 2021 brought it into the trending technologies. Blockchain is a method of storing information to make it difficult or impossible to change, hack, or cheat the system.

The platform is used in various other fields such as healthcare, supply chain, logistics, advertising and more. Blockchain’s amount of protection and transparency benefits the various businesses to build top-level business strategies, and that’s the primary reason most companies are looking for Blockchain platforms, which ultimately helps Blockchain gain an enormous rise in demand.

Quantum Computing:

Quantum computing is the next noteworthy technology trend involved in preventing the spread of the coronavirus and inventing potential vaccines, thanks to its ability to monitor, analyze and act on data, regardless of the source. David Deutsch pioneered quantum computation by forming a description for a quantum Turing machine and specifying an algorithm designed to run on a quantum computer, which is why he is called the Father of Quantum Computing. It harnesses the phenomena of quantum mechanics to achieve a giant leap forward in computation to solve specific enigmas. Quantum Computing also plays a vital role in the banking and finance field, where it manages credit risk for high-frequency trading and fraud detection.

Revolutionizing Agriculture with Blockchain

Blockchain has emerged as a promising computerized innovation that seeks to provide confidential exchanges between various parties without the need for middlemen, such as financial institutions, at the same time.

This section focuses on a specific area where blockchain innovation has significant potential as a fundamental facilitator of progress, namely farming and the food store network.

There is a wide range of significant ongoing agricultural activities and drives. Blockchain has matured as an innovation to the point where it can be used in real-world applications in the agri-food industry.

Our findings point to the use of blockchain as a driver toward a simple food store network, but there are a number of impediments that could stymie its wider adoption.

Specialized, strategic, administrative, and instructive issues are among the remarkable boundaries. Traditional agriculture is a primitive farming style that involves the intensive use of indigenous knowledge, traditional tools, natural resources, organic fertilizer, and the farmers’ cultural beliefs. It is worth noting that it is still used by roughly half of the world’s population.

With innovations such as the Internet of Things (IoT), Big Data and Analytics, Artificial Intelligence (AI), and Machine Learning (ML) contacting virtually all recorded business areas, One of the most logical applications to be developed on the Blockchain is one that addresses a growing problem in agriculture, but it should be viewed as an opportunity.

Consumers are becoming more aware of food and nutrition security, and Blockchain applications can play a critical role in addressing many of agriculture’s most pressing issues. Many issues can be resolved thanks to technological advancements and blockchain. The agriculture industry will run efficiently in the future if trust, security, and decentralization are established.

Blockchain provides efficient data protection as well as transparent and secure data exchange to all users. The blockchain stores all data in a decentralized manner and is unchangeable. Each of these features contributes to blockchain technology being the best tool for transferring encrypted data.

Blockchain advantages in agriculture

There are numerous opportunities in agriculture and food.

The primary advantages of modern agricultural technology in enriching this industry are as follows.

Blockchain is commonly conveyed in the agri-food industry for inventory network coordination and for improving the end result by allowing purchasers to know precisely what path their food has taken to reach from “ranch to fork.”

Agro-food companies such as Walmart, Nestlé, and Unilever have successfully deployed blockchains to improve traceability in their food supply chains. Carrefour, a French retailer, is using blockchain to monitor the quality of its chicken. Blockchain-based solutions have also been developed for soybean recognition.

Such blockchain applications can aid in the reduction of corruption as well as the promotion of fair trade and sustainable agricultural practices. However, concerns have been raised about data protection under the GDPR. Nonetheless, there is a growing interest in blockchain, both in academic and government circles, as well as in the farming industry.

Why Anand Mahindra’s $1 Million in Hapramp makes sense

So many social networking startups! Isn’t the world already so full of social media platforms? Why another? And why the investment? While many thoughts might come to your mind after reading that headline, let us talk about Hapramp and why it is actually so unique and worth it.

Hapramp facts:

Founded by 5 young people in 2018 – Shubhendra Vikram, Pratyush Singh, Mofid Ansari, Ankit Kumar and Rajat Dangi
Based in Gurugram
Combines tech, creativity and data security

The Timeline

Just like most startups, the idea of Hapramp came to life in a hostel room! The founders made time for creating the tech startup by doing freelance jobs. It was a risk they were willing to take in order to build something valuable.

While most of you might not be aware of 1Ramp.io, it was one of their first startups based on Steem Blockchain. It has a similar concept – social media for creators where users could earn cryptocurrency basis the upvotes on their content. We think it’s a very cool concept! While 1Ramp.io had become very popular and was presented in two Blockchain events in Thailand and Poland,the challenges the team faced with the user experience was something they wanted to fix.

In 2019, they created GoSocial which was again, a platform for creators and also, Asteria Protocol which is the tech that takes care of data security, privacy and monetisation. Hapramp is an upgrade to that – a platform with better data security from the learnings of 1Ramp.io.

Starting out with GoSocial

Content creators are at the heart of every project that the founders work on. This is because content creators are the ones who build the highest value on the internet today. However, their efforts aren’t monetised fairly most of the time and this is what the focus of Hapramp is.

They were focussed on the problem their platforms solve and the benefit that the users get. GoSocial began with photographers and expanded to having artists and writers too.

A Step by Step Research Model:

Internet Age – how long a person has been using the internet.
Stages of a Creator’s Journey – discovery (beginners), learning, professional (experts)
Self-challenges – All that the creators do to make creative ritual
Importance of validation

Using this research and experimenting based on data and learnings, they started building an experience that helps budding creators to learn photography, art and writing in a social context directly from expert creators.

GoSocial has a unique way of building a relationship between the creator and the creation. Expert creators host creative challenges and the users take those challenges! Unique and interesting. GoSocial team’s focus is to work on tools that can help experts monetize their expertise and content.

The Multiple concepts at play here are:

Vertical communities
P2P exchange of value
Personal growth.