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CBDE BTA Certified Blockchain Developer Ethereum exam format | http://babelouedstory.com/
This exam is a 70 question multiple-choice exam that lasts 1.5 hours and is a performance-based evaluation of Ethereum Development skills and knowledge. Internet access is not provided during the exam, nor is any course material or study guides.
Scores and Reporting
Official scores for exams come immediately following the exam from Pearson VUE. A passing score is 70%. exam results are reported PASS/FAIL and you will be provided your percentage. Blockchain Training Alliance does not report scores on individual items, nor will it provide additional information upon request.
The Certified Blockchain Developer - Ethereum (CBDE) exam is an elite way to demonstrate your knowledge and skills in this emerging space. Additionally, you will become a member of a community of Blockchain leaders. With certification comes monthly industry updates via email and video.
The CBDE exam is a 70 question multiple-choice exam that lasts 1.5 hours and is performance-based evaluation of Ethereum Development skills and knowledge. Internet access is not provided during the exam, nor is any course material or study guides.
A person who holds this certification demonstrates their ability to:
Plan and prepare production ready applications for the Ethereum blockchain
Write, test, and deploy secure Solidity smart contracts
Understand and work with Ethereum fees
Work within the bounds and limitations of the Ethereum blockchain
Use the essential tooling and systems needed to work with the Ethereum ecosystem
This exam will prove that a student completely understands how to:
Write and compile Solidity smart contracts
Create secure smart contracts
Deploy smart contracts both the live and test Ethereum networks
Calculate Ethereum gas costs
Unit test smart contracts
Run an Ethereum node on development machines
BTA Certified Blockchain Developer Ethereum BlockChain Blockchain exam format
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BTA Certified Blockchain Developer Ė Ethereum
http://killexams.com/pass4sure/exam-detail/CBDE Question: 91
What are Private Keys used for?
A. To Protect the Public Keys by being cryptographically significant.
B. To Sign Transactions And To Derive an Address From.
C. To Generate An Address which can sign transactions. Answer: B Question: 92
Public Keys vs. Private Keys. Which statement is true?
A. The Public Key is for Signing Transactions, the Private Key must be given out to verify the signature.
B. The Private Key signs transactions, the Public Key can verify the signature.
C. The Private Key is to generate a Public Key. The Public Key can sign transactions, the address is here to verify
the transactions. Answer: B Question: 93
A Hashing Algorithm is deterministic. What does it mean?
A. it always produces the same output given the same input.
B. it uses equally distributed data to produce the output given a long input.
C. it shouldnít be possible to re-generate the input given the output. Answer: A Question: 94
A. great, because they cut the middle man, run on a trusted platform, apply logic to the blockchain where already
economic assets are running and thus allow peer to peer trade.
B. an amazing way to create new applications. Those applications run entirely separated from other applications on
the platform and allow for logical interactions. They canít access any funds to add an additional layer of trust.
C. a new way of applying logical operations for banks and big financial institutions. This way they can reduce the staff
while operating at increased security. Answer: B Question: 95
To get most out of the blockchain, it is best:
A. to use it for the whole business logic. Itís always best to have everything in once place.
B. to use it only for things which need the benefits of the blockchain. Answer: B Question: 96
Which statement is true about the EVM?
A. While the EVM is Sandboxed, it isnít as powerful as the Bitcoin Network, because itís not Turing Complete.
B. The EVM canít access hardware layers or anything outside a blockchain node because itís sandboxed.
C. The EVM is extremely powerful, turing complete and perfect for doing computational intensive things, because
of the direct access to the graphics card. Answer: C Question: 97
Which is the right order for Denominations?
A. Wei, Finney, Szabo, Ether, Tether.
B. Finney, Szabo, Mether, Gwei.
C. Gwei, Szabo, Finney, Ether. Answer: C Question: 98
The nonce-field in a transaction is used:
A. to protect against replay attacks.
B. to have an additional checksum for transactions.
C. to sum up all ethers sent from that address. Answer: A Question: 99
Solidity gets compiled:
A. to bytecode that canít be understood by humans.
B. to bytecodes which are essentially opcodes running instruction by instruction. Answer: B Question: 100
Having a bug-bounty program early on:
A. can help to engage the community in testing your smart contracts and therefore help to find bugs early.
B. might be a burden as it is an administrative overhead mainly.
C. is completely useless. Who wants to test beta-ware software? Itís better to start with the bug-bounty program
after the contract is released on the main-net. Answer: A Question: 101
Consensus is reached:
A. by the miner nodes which make sure that a transaction is valid.
B. by every single node in the blockchain network executing the same transaction.
C. by a cryptographic secure signature algorithm called ECDSA which makes sure that cheating is impossible. Answer: B Question: 102
Smart Contracts can be written in:
compilers exist for every major language.
B. Solidity, Viper, LLL and Serpent, because those are high level languages that are compiled down to bytecode.
Blockchain supports those languages fully. Answer: B
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BlockChain Blockchain exam format - BingNews
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https://killexams.com/exam_list/BlockChainA beginner‚Äôs guide to blockchain APIs
What are blockchain APIs, and why are they important?
Blockchain APIs, or application programming interfaces, are software interfaces that allow developers to interact with a blockchain network. Users can query and manipulate blockchain data, including transactions, smart contracts and other blockchain assets, using the functions and protocols APIs offer.
For instance, APIs can give developers access to the consensus algorithms that are utilized by blockchain networks, enabling them to test and optimize their blockchain applications by understanding how the network comes to a consensus on transactions and blocks. They can evaluate how well their applications work with various consensus techniques by simulating various network situations. This can assist developers in locating possible problems and resolving them before releasing their applications on the blockchain network itself.
Blockchain APIs are crucial because they allow programmers to build decentralized apps (DApps) that communicate with blockchain networks. By granting developers access to blockchain data and functionality, they are empowered to build applications that can execute transactions, store information, and execute smart contracts on the blockchain.
For instance, the Algorand API is a blockchain application programming interface that provides developers with access to the Algorand blockchain. It offers resources and tools to assist developers in creating and deploying DApps while enabling developers to create applications on the Algorand blockchain network.
Similarly, Coinbase API provides developers with access to the Coinbase platform, allowing them to create and manage digital wallets, query transaction data, and buy and sell cryptocurrencies.
Blockchain APIs work by allowing developers to interact with blockchain networks and access their data and functions through a standardized interface. Here are the steps involved in the working of blockchain APIs:
Choose a blockchain network
Developers must select the blockchain network with which they want to communicate. Bitcoin, Hyperledger and Ethereum are among the examples.
Identify the API endpoint
When choosing a blockchain network, developers must decide which API endpoint they will use to communicate with the network. An API endpoint is a URL that a developer can use to access a specific function or service offered by an API. The Ethereum network, for instance, offers a number of API endpoints, including Infura and Alchemy.
Infura offers a dependable and expandable API infrastructure for the Ethereum and IPFS networks, whereas Alchemy provides a similar service for several blockchain networks, including Polygon, Ethereum and BNB Smart Chain. Both services give developers access to a variety of features and services, such as blockchain data querying, smart contract interaction and transaction administration.
Authenticate API access
Developers must use the necessary credentials or tokens to authenticate their access to the API endpoint. As a result, the blockchain network can be accessed safely and legally.
Send API requests
Following authentication, developers can use the API endpoint to send API requests to the blockchain network. Sending transactions to the network, requesting information from the network and carrying out smart contracts are all examples of API queries.
Receive API responses
A blockchain network will reply to an API request by giving data or a confirmation of the activity taken. For instance, asking the Bitcoin network about a wallet‚Äôs balance will reveal the wallet‚Äôs balance.
The transaction and wallet data on a blockchain network is often public and can be linked back to the user, which can raise privacy concerns. To help protect user data, many blockchain networks have implemented privacy safeguards, including encryption and anonymity.¬†
Developers should also take precautions to certain the security and privacy of their users‚Äô data by putting robust authentication and authorization restrictions, data encryption and other security practices into place.
Analyze and utilize API data
After receiving an API response, developers can examine and make use of the data in accordance with their requirements. For instance, the API response developers receive could include information about the current state of the smart contract, such as its balance or the values of its variables. Then, a developer creating a DApp can alter the program‚Äôs state using the API response.
This kind of interaction with an API is necessary for building sophisticated apps that make use of external data sources or network resources. It enables programmers to create complex programs that may respond to current events and offer their customers individualized experiences.
Types of blockchain APIs
There are several types of blockchain APIs available, each designed to serve a specific purpose within the blockchain ecosystem. The common types of blockchain APIs are explained in the sub-sections below. However, depending on the blockchain network and use case, there may be other types of APIs available as well.
Access to a node on a blockchain network is made possible by a node API. Developers can submit transactions to the network and get data from the node, including transactions and blocks. To create decentralized applications and communicate with the blockchain network, node APIs are generally employed.
Smart contract API
Smart contracts are self-executing contracts that have the terms of the contract stated in lines of code. A smart contract API provides access to smart contracts on a blockchain network. It allows developers to create, deploy and execute smart contracts, as well as interact with them. Smart contract APIs are typically used to build DApps that require smart contract functionality, such as decentralized finance (DeFi) applications
With the help of a wallet API, developers can control Bitcoin transactions by having access to a blockchain wallet. It enables users to monitor transaction history, transmit and receive cryptocurrencies, and check wallet balances. Applications that require cryptocurrency payments, including e-commerce platforms, are frequently built using wallet APIs.
Market data API
Real-time market data for cryptocurrencies and other digital assets is accessible through a market data API. It can be used to get market parameters such as trade volumes, trade prices and other metrics. Building applications that need real-time market information, such as trading platforms, often uses market data application programming interfaces.
A blockchain network‚Äôs identification API offers a mechanism to confirm the users‚Äô identities. It can be applied to numerous blockchain applications to manage digital identities and verify users. Identity APIs are frequently used to create applications, like online voting systems, that demand user authentication and verification.
How are DApps created using blockchain APIs?
DApps are created using blockchain APIs by leveraging the unique properties of blockchain technology, such as decentralization, immutability and transparency, to build applications that can operate in a trustless environment without intermediaries. The steps to create DApps using blockchain APIs are explained below.
Retrieving blockchain data
Retrieving data from the blockchain is the first step in using a blockchain API. This can include information about transactions, blocks, addresses and more. Developers can submit HTTP queries with particular parameters to the endpoint of the blockchain API to get data, and they will receive responses in JSON format.
Because JSON is a text-based format that web browsers and other applications can easily parse and interpret, it is frequently used for data transmission between a server and a web application.
Parsing and processing data
Building smart contracts
Developers can create smart contracts at this stage by utilizing blockchain application programming interfaces and programming languages like Solidity or Vyper. The blockchain API can be used to deploy the smart contract to the blockchain network after it has been created.
In order to do this, a transaction must be created that contains the smart contract‚Äôs bytecode as well as any other data necessary for the transaction. Bytecode is a low-level representation of code that can be executed by a computer‚Äôs virtual machine, often used in the context of programming languages that compile to bytecode instead of machine code.
A private key that corresponds to a public address on the blockchain network must be used to sign the transaction. The blockchain API can be used to broadcast the transaction to the network once it has been signed.
The network will examine the transaction and, if it is legitimate, will process it before deploying the smart contract to the blockchain. After being launched, the smart contract can run its code on the blockchain network and communicate with other network nodes.
Transactions can also be sent to the blockchain network using blockchain APIs. This step includes sending cryptocurrency, making changes to smart contracts or carrying out other blockchain operations. The blockchain API allows developers to sign transactions with their private keys, broadcast them to the network, and get confirmation that they were successfully executed.
Creating blockchain applications
Finally, DApps that operate on the blockchain network can be built using blockchain APIs. Blockchain APIs allow programmers to establish smart contracts, retrieve, process and store data on the blockchain, as well as interface with other blockchain network nodes to develop robust and safe applications. This step involves combining the previous steps to create a functional and secure DApp.
Revolutionizing blockchain development with decentralized APIs (dAPIs)
For decentralized applications, it is critical to access the range of services that web APIs offer, from providing asset price data to executing conventional financial transactions. However, intermediary-based interfacing solutions prevalent today are centralized, not secure and expensive. This is where decentralized APIs, or dAPIs, play a key role.
DAPIs use decentralized infrastructure to eliminate the issues mentioned above. By leveraging blockchain technology, dAPIs offer a secure, decentralized way for applications to access data and services without relying on a centralized server. This means that dAPIs are securer, more scalable and more cost-effective than traditional APIs.
However, dAPIs should not be confused with Chainlink as it uses a decentralized network of nodes, called Chainlink nodes, to retrieve data from external sources and feed it into smart contracts. The nodes are incentivized to provide accurate and reliable data through a system of reputation scores and financial incentives.¬†
On the other hand, API3 uses Airnode to build, manage and monetize dAPIs at scale. Airnode is a Web3 middleware and the Web3 oracle solution for the API economy to connect any web API directly to any blockchain application. A decentralized API is a collection of APIs that resemble real-world business services, connected to the blockchain via middleware. These APIs are consolidated into a single oracle service that can be accessed by users on the blockchain. The governance of the dAPI is decentralized, ensuring transparent oversight of the resulting service.¬†
Therefore, while Chainlink is a decentralized oracle service that provides smart contracts with external data, API3 focuses on building decentralized APIs that provide high-quality data feeds directly to dApps without the need for a middleman. This approach enables dApps to access and integrate real-world data in a secure and efficient manner, while also minimizing the risk of data manipulation or tampering.
How to choose the right blockchain API
Choosing the right blockchain API depends on several factors, including the project requirements, the blockchain platform being used, and the API provider‚Äôs features and pricing. A few considerations when choosing a blockchain API are listed below:
Blockchain platform: Choose an API that is appropriate for your chosen blockchain platform. Look for an Ethereum-specific API, for instance, if you are building on Ethereum.
Data retrieval: Consider the types of data that the API can retrieve and how it can be accessed. Make sure the API can return the data one requires in an accessible way.
Security: Search for an API that places a high priority on encryption, allows for safe access and has defenses in place against hackers and other online risks.
Scalability: One should confirm that the API can support their project‚Äôs size. Take into account the API‚Äôs capacity for requests, response speed and handling large amounts of data.
Support and documentation: Choose an API with thorough developer support and documentation. Look for tools that can assist one in resolving problems and making the most of the API, such as tutorials, code samples and developer communities.
Pricing: Lastly, take into account the API‚Äôs pricing plan and how it works with your project budget. While some APIs have set subscription costs or transaction fees, others have free tiers or usage-based pricing.
By considering these factors and evaluating different blockchain API providers, developers can choose the right API that fits their project requirements and budget.
Benefits of using blockchain APIs
Using blockchain APIs can provide numerous benefits to developers and businesses that are leveraging blockchain technology. For instance, blockchain application programming interfaces can make dealing with the blockchain much simpler, which makes it straightforward for developers to create blockchain-based apps. A lot of the complexity associated with blockchain technology is abstracted away through APIs, which offer a straightforward and standardized way to communicate with the blockchain.
Blockchain APIs can also give users access to a plethora of data that has been saved on the blockchain. This information can be used to develop new business models, automate procedures and enable trustless transactions. Businesses can learn a lot about their operations and customer behavior by utilizing the data provided by blockchain application programming interfaces.
In addition, blockchain APIs can assist companies and programmers in ensuring the integrity and security of their applications. Systems that are secure and impervious to tampering that can guard against fraud and other types of harmful behavior can be built using the transparency and immutability of the blockchain.
Finally, blockchain APIs can assist companies and developers in keeping abreast of the most exact trends and advancements in the blockchain sector. Businesses may access the most exact research and industry best practices by utilizing the knowledge of blockchain API providers, which will assist them to stay on top of trends and remain competitive.
Challenges of implementing blockchain APIs
Although blockchain APIs have many advantages, implementing them might be difficult. The intricacy of blockchain technology itself, which can be challenging for developers to understand and work with, is one of the major obstacles. Longer development delays and higher expenses may follow from this.
The lack of standardization among various blockchain networks and application programming interfaces is another difficulty. As a result, in order to create applications that can communicate with various blockchain networks, developers may need to become familiar with and proficient with a variety of APIs.
Also, a strong infrastructure is needed for the successful operation of blockchain application programming interfaces, including a secure database, fast internet and dependable servers. Implementing blockchain APIs may become more expensive and challenging as a result of these constraints.
The regulatory environment that surrounds blockchain technology is another difficulty. Blockchain application legality differs greatly between nations and regions, which might lead to ambiguity and impede adoption.
Finally, while using blockchain APIs, data security and privacy are major issues. Sensitive data may be disclosed or compromised since blockchain technology is transparent and decentralized. To ensure that data is transmitted and stored safely and that only authorized parties have access to it, developers must take extra security measures.
The future of blockchain APIs looks promising as more businesses and developers recognize the benefits of blockchain technology. As the use of blockchain continues to grow and evolve, so will the demand for blockchain APIs to support these new use cases.
Integration of blockchain APIs with other cutting-edge technologies, such as the Internet of Things (IoT) and artificial intelligence (AI), represents one possible area for growth. Developers may build robust and secure apps that take advantage of the benefits of both blockchain and IoT/AI by merging both technologies.
The development of cross-chain interoperability protocols, which enable communication between various blockchains, is another area of development. This will open up new options for businesses and developers by fostering greater collaboration and innovation across various blockchain platforms.¬†
Band Protocol is a platform that aggregates and connects real-world data and APIs to smart contracts across different blockchain networks. Similarly, ChainAPI's integration platform enables API providers to make their APIs compatible with blockchain technology. These developments signify the beginning of an exciting and transformative era for both blockchain and API ecosystems.
One may anticipate seeing more standardization in the creation and application of blockchain protocols as the demand for blockchain APIs increases. Businesses will find it simpler to embrace blockchain technology as a result, and various blockchain platforms will become more interoperable.
Finally, one can anticipate that the development of blockchain application programming interfaces will place a greater emphasis on privacy and security. Blockchain APIs must offer strong security features to secure sensitive data and stop unwanted access as data breaches and cyberattacks increase in frequency and sophistication.
Fri, 03 Nov 2023 22:14:00 -0500entext/htmlhttps://cointelegraph.com/learn/a-beginners-guide-to-blockchain-apisBoosting blockchain adoption by keeping tech on the back end
Understanding the difference between the front and back end is crucial with Web3 technology. The term ‚Äúfront end‚ÄĚ describes the portion of Web3 applications that consumers interact with directly. This includes the technology‚Äôs user-facing side, websites and decentralized applications (DApps).¬†
The back end, on the other hand, refers to the complex system that supports these Web3 applications. Everything from distributed ledgers and smart contracts to consensus protocols is included here.
However, accessibility and simplicity are important for the adoption of Web3. When the technical complexities of Web3 are too prominently featured on the front end ‚ÄĒ such as managing cryptographic keys or understanding blockchain concepts ‚ÄĒ it can alienate a significant portion of potential users. It is important to make the user experience and interactions smooth and easy to understand so that the end-user doesn‚Äôt have to worry about the technical details.
By prioritizing accessibility and simplicity, Web3 technology can be more inviting to diverse users. This approach helps bridge the gap between early adopters well-versed in blockchain technology and the broader mainstream audience.
Harrison Hines, CEO and co-founder of Fleek, a Web3 app development platform, told Cointelegraph, ‚ÄúSimplicity and accessibility were key to the mainstream growth of computers, smartphones, mobile apps and even very recently with AI. Concealing technical complexities on the back end follows the same logic. Developers are also end users, and they need tools/infrastructure that is easy to use and build with.‚ÄĚ
Benefits of hiding Web3 in the back end
User experience can be improved by making blockchain-based apps easier to navigate. When users are shielded from the technical complexities associated with blockchain technology and cryptographic keys, they can engage with Web3 applications in a manner that feels similar to using traditional web applications. This streamlined experience encourages users to explore and adopt Web3 applications without being intimidated by their complexity.
Simplified onboarding for non-technical users
When the onboarding process is straightforward, individuals unfamiliar with blockchain technology can quickly get started with Web3 applications. This approach reduces the learning curve and empowers a more extensive and diverse user base to access the benefits of Web3 without needing a deep understanding of its technical aspects.
For example, Immutable Passport simplifies the onboarding process for WAGMI Defense users by offering a straightforward and password-free sign-up experience. With just a few taps, users can create an account, eliminating the need for password management. In conjunction, Passport establishes a noncustodial wallet in the background, providing a secure repository for users‚Äô digital assets.
Authentication options are streamlined, allowing users to choose from well-known methods such as Google, Apple or email sign-ins.
Passport‚Äôs interoperability feature also allows for seamless logins across all games and marketplaces within the Immutable ecosystem.
This approach ensures a user-friendly experience, particularly for those not familiar with Web3 technologies. According to Web3 gaming franchise WAGMI Games, this feature enables it to onboard more players.
Kostas Kroustaloudis, development director at WAGMI Games, told Cointelegraph, ‚ÄúSimplifying the onboarding process for non-technical users is pivotal to driving mainstream adoption of Web3 technology. The majority of individuals have little patience for intricate, technical interfaces.‚ÄĚ
Kroustaloudis continued, ‚ÄúIn fact, the likelihood of someone uninstalling an app skyrockets with each additional click or tap required to reach their goal. This is especially crucial when introducing gamers to new titles. The difference between success and failure can often hinge on the reduction of just one extra click.‚ÄĚ
Attracting more users and developers
According to some experts, making it easier to build apps that hide Web3 components in the back end can attract more developers, bringing more Web3 apps to market.
Fleek‚Äôs Hines said, ‚ÄúThe main benefit is making it easier and more accessible for more developers to build applications using Web3 technologies in their backends.‚ÄĚ
Hines continued, ‚ÄúIt‚Äôs just a numbers game. The more developers you have building more Web3-powered applications, the more likely (and faster) you are to start finding those breakout success apps that bring mainstream adoption. It‚Äôs the same as we saw happen in Web2 and mobile. Users discovering new Web3 apps that they enjoy is what will encourage them to try others.‚ÄĚ
Minimizing user errors and risks
The back-end concealment of Web3 technology has the additional benefit of minimizing user errors and risks. When users are not exposed to technical complexities, there is a reduced likelihood of making critical mistakes, such as mishandling cryptographic keys or engaging in unsafe transactions.
This is especially important in decentralized finance applications, where minor errors can lead to significant financial losses.
Minimizing user errors and risks
One notable example of a back-end Web3 implementation is the Ethereum Name Service (ENS). ENS allows users to replace lengthy, cryptic Ethereum addresses with human-readable domain names.
This technology can be integrated into applications, providing users with a seamless experience. Users can send cryptocurrency to ‚Äújohn.eth‚ÄĚ instead of ‚Äú0x4cbe58a94d991087fa2dc648b1e33f55dbb53f4f2,‚ÄĚ making transactions less prone to errors.
Coinbase employs cb.id usernames, an ENS domain form, to streamline cryptocurrency transfers and user interaction. These usernames are associated with the ENS infrastructure, simplifying complex wallet addresses by offering a human-readable alternative.
In addition to this, cb.id usernames automatically redirect web users to the respective Web3 profiles on profile.coinbase.com.
Regarding blockchain gaming, WAGMI Games is another example. Its WAGMI Defence mobile app uses a free-to-play business model and features a familiar user experience. Players start by obtaining a free basic card set. Suppose a player wishes to participate in more challenging games with the chance of higher ranks and potential awards. In that case, they can purchase NFT characters with real money, similar to traditional apps.
While the blockchain serves as the foundation for the game‚Äôs technology, players interact with the game via a more traditional interface. This design can lessen the perceived complexity and difficulty of using blockchain and NFT features, making them more accessible to a wider audience.
For builders looking to create more user-friendly and seamless Web3 apps, one key consideration is the implementation of gas optimization strategies. Gas fees are an inherent part of many blockchain transactions and can be a significant barrier for users.
Builders can Boost the gas fee problem by using layer-2 solutions like state channels, diverting transactions off the main chain, reducing congestion and enhancing user experience, especially for gaming DApps.
Additionally, they can choose low-fee blockchains like BNB Smart Chain, Solana or Polkadot to create budget-friendly environments, especially for microtransactions.
Kroustaloudis agreed, telling Cointelegraph, ‚ÄúGas fees, particularly in the context of apps reliant on microtransactions, can be a significant hurdle. Even a $0.10 gas fee, when incurred frequently, can prove problematic. With the emergence of various new L2 chains like Coinbase‚Äôs BASE and Immutable‚Äôs L2 solution, gas fees cease to be a concern.‚ÄĚ
‚ÄúDepending on the app‚Äôs nature, choosing to build on layer 2s becomes an obvious choice for achieving mass adoption. To embark on this journey, developers should thoroughly research their target users‚Äô needs and determine the most suitable gas optimization strategy for their project.‚ÄĚ
Zero-knowledge (ZK) technology, specifically ZK-rollups, can reduce the load on the main chain by batching off-chain transactions into a single smart contract, offering faster confirmation times and lower fees. Builders can integrate ZK-rollups to make their applications more efficient and cost-effective while enhancing the user experience.
Builders should also consider optimizing for mobile devices. Many users access Web3 apps on their smartphones, so ensuring an app is mobile-responsive and functions seamlessly on various screen sizes and devices is crucial for widespread adoption.
For users planning to use Web3 apps, it‚Äôs essential to maintain awareness and knowledge about the technology. Web3 and blockchain are evolving rapidly, and staying informed about the latest developments, security best practices and user guidelines can help users make informed decisions to protect their digital assets.
Thu, 16 Nov 2023 00:23:00 -0600entext/htmlhttps://cointelegraph.com/news/blockchain-adoption-tech-back-endBeyond Bitcoin: How Blockchain Is Improving Business Operations
Most people have heard about blockchain in tandem with bitcoin‚Äôs rise as the flagship cryptocurrency. However, blockchain is more than just bitcoin; it‚Äôs a revolutionary method of tracking transactions using technology. While still in its infancy, blockchain is being adapted to numerous business uses ‚ÄĒ such as data management and regulatory compliance ‚ÄĒ and will likely serve many future purposes.
Many businesses are exploring a range of blockchain applications that extend beyond its origins in digital finance. Below are some ways businesses use blockchain to embrace technology for a competitive advantage.¬†
Blockchain offers what is essentially a permanent record of transactions. It creates an easy-to-follow paper trail for business audits, both internal and governmental. It guarantees accuracy and solves the problem of retrieving records from numerous disparate sources.
‚ÄúThe more you store in blockchain, the more history you have in your hands to audit,‚ÄĚ explained Antonis Papatsaras, chief technology officer of HootSuite.
Blockchain plays a role in quality assurance, especially when something goes wrong. Companies can link every facet of the supply chain via blockchain. If there‚Äôs a recall or investigation into where something went wrong, blockchain offers a definitive, contiguous ledger to immediately identify the problem.
‚ÄúEvents like a salmonella scare could be traced back to the source in seconds, and every single bag from that batch would be flagged for removal, whether it be freshly packed in the processing plant, in a truck being delivered or in the retail store already,‚ÄĚ explained Mike Almeida, owner of Empire ATM Group. ‚ÄúThis system could notify everyone involved in seconds rather than days.‚ÄĚ¬†
Researchers in Hong Kong also use blockchain technology to help ensure product quality. They have created HerBChain, a blockchain system that records the processes involved in manufacturing herbal products. The system verifies that the products on the blockchain remain traceable and unadulterated. Companies with products on this blockchain can‚Äôt easily manipulate their data, which helps certain products meet safety and quality standards.
Blockchain development and engineering are in-demand career skills in industries like shipping, healthcare, finance, farming and more.
Securities and commodities trading
Blockchain promises quicker trading on stock exchanges, whether in securities or commodities. The technology‚Äôs distributed nature ensures that a process undertaken over several days is affirmed and finalized in several minutes, which significantly streamlines the entire experience.
‚ÄúRather than trades being processed by a string of validators over the course of a few days, blockchain-based settlement can happen ‚Äėautomatically‚Äô within minutes,‚ÄĚ explained Nick Spanos, co-founder of Zap and founder of the Bitcoin Center NYC.
Smart contracts help organizations automatically handle significant transaction amounts, such as those that run across supply chains. They can integrate services across various businesses without divulging sensitive or proprietary information.
‚ÄúSmart contracts ‚Ä¶ allow organizations to embed logic, via code, into a blockchain network for the automatic handling of transactions across participants,‚ÄĚ explained Nelson Petracek, chief technology officer of Board International.
Blockchain can track goods and materials within an organization, such as throughout a manufacturing company‚Äôs supply chain. As a product leaves the manufacturing facility, blockchain can record its arrival at a warehouse and then its shipment to a retail store.
For example, De Beers, a diamond mining firm, has created a blockchain-based platform to track the production and distribution of its diamonds. This technology covers the entire process, from the mining stage to the jewelry store. The firm has opened the platform for other companies in the diamond mining industry to use. This way, retailers and customers can verify the genuineness of a diamond.
‚ÄúUsing blockchain for supply chain management, a business owner has more visibility into the processes of the business,‚ÄĚ noted Igor Barinov, technical manager at Blockscout Technologies. ‚ÄúBlockchain can add transparency and align [the] interests of a business with other participants of its ecosystem, given public networks are implemented, be that suppliers or customers.‚ÄĚ
Blockchain technology is a viable solution for supply chain management. It gives businesses an accurate way to track products from start to finish in manufacturing.
Transactions and reimbursements
Transactions and reimbursements are perhaps the most familiar application of blockchain technology today. Bitcoin ‚ÄĒ and other cryptocurrencies like Ethereum ‚ÄĒ are backed by blockchain technology. Today, companies are creating initial coin offerings (ICOs) for their blockchain-backed currencies and platforms.
Throughout the years, bitcoin has experienced numerous spikes in value. As such, even some national central banks are experimenting with their own blockchain-backed currencies, like the J Coin in Japan. Several financial institutions in the U.S. are also exploring the use of cryptocurrencies.
Like currency, votes can be moved along a blockchain in a neutral, accurate and secure way. Using blockchain as a mechanism for consensus-building in communities and even nations could radically alter modern notions of democracy and strengthen the validity of election results.
‚ÄúVoting is an interesting prospect for blockchain, as immutability and transparency are both necessary for successful elections,‚ÄĚ Spanos said. ‚ÄúAs far as ensuring the accuracy of the vote, as long as you trust the way the blockchain works, you can trust that records in the blockchain have not been tampered with or added after the fact.‚ÄĚ
Tue, 07 Nov 2023 10:00:00 -0600entext/htmlhttps://www.businessnewsdaily.com/10414-blockchain-business-uses.html5 Problems With Blockchain Technology
Blockchain technology was developed as a way to solve problems associated with digital currencies. A blockchain is an immutable ledger of transactions linked through digital cryptography and usually shared publicly across multiple computers around the world.
Image source: Getty Images.
Blockchain technology holds a lot of promise for improving the security and accessibility of many products and services across various industries. But for all its potential benefits, there are still several problems with blockchain that many developers are working to solve.¬†
The fact that a copy of a blockchain is typically held on multiple computers creates a scalability problem as the blockchain grows larger. That's just one of the many challenges facing blockchain technology and the developers working to develop enterprise solutions.
5 problems with blockchain technology
A long blockchain can produce challenges for an organization as it runs into trouble with scalability. There are several factors at play here.
First, each computer on the network working to confirm transactions and keep accurate records of the blockchain must store data starting from the genesis block to the most exact block. These computers -- called nodes -- must have the capacity to store that data. The redundancy creates a more secure system, but it also becomes increasingly inefficient as the network and blockchain grow.
Next, when creating a new block on the blockchain, the node that confirms the transactions must broadcast the new block to every other node on the network. They can then verify the transactions and add the block to the blockchain. This can use substantial network resources as the network grows in size.
In big public blockchains such as Bitcoin (BTC-1.0%) and Ethereum (ETH-3.84%), the scaling issue can translate into nodes demanding higher transaction fees to process transactions on the blockchain. They need to see an adequate return on their investment into computing resources.
Blockchains that use a proof-of-work system to determine which node wins the right to confirm the next block in the chain can become extremely energy-intensive. Both Bitcoin and Ethereum use the proof-of-work model where nodes compete to solve a complex equation fastest. As the network grows, the number of competitors increases, and there's a fight for more computer power, which consumes energy. The energy consumption is extremely inefficient because ultimately just one node will win the right to confirm the next block.
The proof-of-stake model is held up as a solution to the energy consumption problem faced by blockchains. However, such a system poses challenges in itself. For one, the code required to put together a good proof-of-stake system is much more complex than a proof-of-work system. That can lead to more bugs and vulnerabilities.
Second, it may be easier for a single party to take control of a majority of the staked cryptocurrency, allowing it to exercise too much control over the blockchain. The latter vulnerability is less likely in a proof-of-work model since a single party would need to obtain a majority of computer power on the network. Additional computer power could be obtained by other parties to wrest away control and ensure that the blockchain remains decentralized.
Despite those drawbacks, Ethereum is migrating from a proof-of-work model to a proof-of-stake model.
Blockchain transactions are relatively fast for account-to-account transfers, but the decentralized nature of blockchain can make it a poor tool for everyday transactions.
When you swipe your debit or credit card at a store, you can confirm the transaction in a matter of seconds. Behind the scenes, a network of payment processors works to move money from your account to the merchant's account, but the whole process can actually take a day or two. In the meantime, the merchant can trust that the issuing bank of the payment card will make good on the payment. This trust allows payment card networks to process thousands of transactions per second.
Since a blockchain like Bitcoin's is fully decentralized, there are no guarantees on a transaction until it's confirmed on the blockchain. That can take a long time since the Bitcoin blockchain can only process a handful of transactions per second. A merchant might not know whether a transaction really went through for an hour. That makes it impractical for most retail transactions even if there are plenty of useful blockchain applications in the financial sector.
No universal standards
Almost every implementation of blockchain technology is unique. That creates a couple of challenges for businesses and developers working on various applications.
First, it makes interoperability between blockchains difficult. If one company wants to share data with another company's blockchain, they'll likely need to develop additional tools to allow data to flow between the two blockchains. There are dozens of blockchain interoperability solutions already in use, but the fact that no one solution fits all highlights the fragmented standards of blockchain implementations.
The second challenge comes about when developers create something on a blockchain (for example, a smart contract or a decentralized finance app). Since there are no universal standards, a developer will have to rework everything to offer the same product on another blockchain. The lack of standards may also open up vulnerabilities in code as developers work with less familiar platforms.
Blockchain was designed to be publicly distributed. That means anyone can see the data written to the blockchain. Although the information is anonymized using blockchain wallet addresses as identifiers, the other details of a transaction are plain to see. Nobody's going to care about the $20 worth of Bitcoin you send to a friend, but some data and transactions require a greater level of privacy.
There are private blockchains, which restrict who can participate as a node and who can view transactions. A private blockchain is one way for a business to implement blockchain technology without fear of leaking any information to the public, but it has its disadvantages. Since a private blockchain has an authority that delegates who can and cannot participate, it's not truly decentralized. That can reduce trust from the public in a blockchain-based product.
The privacy problem highlights some of the trade-offs that must be made with blockchain technology.
Related Investing Topics
The future of blockchain technology
While blockchain technology has its problems, there are thousands of people working on solutions. The solutions in place today look to make small compromises on the original vision of blockchain as laid out in the Bitcoin white paper published more than a decade ago. As the industry and technology evolve, developers will find dozens of applications for blockchain technology.¬†
Ultimately, blockchain promises to Boost the speed and security of many processes involving the transfer and storage of data. Considering that our lives are becoming increasingly digital, there are bound to be more reasons to use blockchain as a solution, despite the problems it may currently present.
Adam Levy has positions in Bitcoin and Ethereum. The Motley Fool has positions in and recommends Bitcoin and Ethereum. The Motley Fool has a disclosure policy.
Thu, 09 Nov 2023 21:47:00 -0600Adam Levyentext/htmlhttps://www.fool.com/investing/stock-market/market-sectors/financials/blockchain-stocks/problems-with-blockchain/Nonce: What It Means and How It's Used in Blockchain
What Is the Nonce?
Nonce is a portmanteau of "number used only once." On the Bitcoin blockchain, it is a four-byte number added to the block header on a blockchain that, when hashed, is an attempt to meet requirements for validation. The nonce is one of the numbers blockchain miners are trying to find. When miners find a hashed value equal to or less than the network target hash, they receive the block reward.
Nonce means a "number only used once," referring to the number a blockchain miner needs to discover and solve for in a "proof-of-work" (POW) system.
Once the blockchain miner solves the hash, they receive a block reward.
Miners open new blocks in a blockchain system by generating a nonce that makes the hash they create less than or equal to the network's target hash.
Bitcoin's blockchain security depends on generating unique hash inputs that are costly in terms of computational power to determine.
Understanding the Nonce
Some blockchain security methods rely on the ability to create and validate long, encrypted numbers, called a "hash" on the Bitcoin blockchain. The cryptographic function used to generate a hash is deterministic, meaning it will produce the same result each time the same input is used.
It also means that the function can generate a hashed input efficiently but makes figuring out or guessing the input difficult, which underpins the blockchain's security. This is because small changes to the input result in a different hash.
Transactions on a blockchain are aggregated into blocks from a memory pool based on the age of the transaction or the amount of fees paid.
To keep the blockchain secure, data from previous blocks is hashed into a hexadecimal number that becomes part of the block header, one of the elements of a block on a blockchain.
The header is metadata, which contains the blockchain version number, the previous block's hash, the Merkle Root, the timestamp, the difficulty target, and the nonce. The hashed value of the other header information and nonce is the value that miners are trying to solve for.
How Is the Nonce Used?
Cryptocurrency workers use the nonce to validate the information contained within a block. The mining program appends a random nonce to the block header and hashes it. If this number exceeds the network target, the miner tries again with another randomly generated nonce.
If the resulting hash value is equal to or less than the target hash, the miner has created a solution and receives the block as a reward. The block is closed, and a new one opened that includes the previous block's hash.
This appears as if it won't take a modern computer very long at all to compute, but the reality is that the difficulty level dictates how long it will take the network to guess the correct nonce.
Mining pools, rather than individuals, open most blocks because the mining difficulty is so high that a single miner is unlikely to have enough hashing power to keep up. This power is measured in the number of hashes per second a miner is capable of. A home computer with the latest equipment might have a hashrate of 100 mega hashes per second (6 zeros, or million). In contrast, a mining farm full of ASIC miners might hash around 30 exa hashes per second (18 zeros, or quintillion).
It is highly unlikely that a miner will guess the nonce on the first try. Miners in a PoW system generally have to test a large number of nonce options before getting it right. The greater the difficulty‚ÄĒa measure of how hard it is to create a hash less than the target‚ÄĒthe longer it is likely to take to generate a solution.
Nonce and Difficulty
Bitcoin block 813,958 (mined on Oct. 26, 2023) had a nonce of 105,983,939. It was mined by AntPool, one of the more popular and larger mining pools. AntPool had a bitcoin hashrate of 123 exa-hashes per second on that day (123 followed by 18 zeros). This means there were quadrillions of numbers generated by AntPool alone before it found the correct number. The entire Bitcoin network hashed at 428.22 exa-hashes per second‚ÄĒso the number of trials was exponentially higher to determine the winning hash.
Block difficulty is kept at the same level across the entire Bitcoin network, meaning that all miners have the same chance of figuring out the correct hash. The Bitcoin network is set up to process a specific number of blocks during a period and occasionally adjusts the difficulty to ensure that they meet this target.
If the number of blocks processed doesn't meet this target, the difficulty is reduced, determining how much time the process took over the limit. If the network meets it too quickly, the difficulty is increased. When the difficulty is higher, more nonces are generated because there are more attempts required to solve the hash.
What Is a Blockchain?
A blockchain is a distributed database or ledger shared among a computer network's nodes. As a database, a blockchain stores information electronically in a digital format. Blockchains are best known for their crucial role in cryptocurrency systems, such as¬†Bitcoin, for maintaining a secure and decentralized record of transactions. The innovation of a blockchain is that it guarantees the fidelity and security of a data record without the need for a trusted third party.
What Does Nonce Stand for?
In blockchain terminology, nonce is an abbreviation for "number only used once," which¬†is a random number added to a block header in a blockchain, used to create a hash.
How Are Nonces Used?
Nonces are used as the changing variable in a hashing function that verifies transactions and other data contained within a block in a blockchain.
The Bottom Line
Nonce is a combination of the phrase "number used only once," a four-byte, randomly generated number added to a block header in a blockchain. It is used by miners to try and find a hexadecimal number called a hash that is less than or equal to the network's target.
Wed, 25 Oct 2023 12:00:00 -0500entext/htmlhttps://www.investopedia.com/terms/n/nonce.aspBlockchain Developer Lattice Unveils 'Alternative Data Availability' Network for OptimismNo result found, try new keyword!The new "Redstone" network, currently operating as a test network, is rooted in an effort to make blockchains cheaper for gaming and decentralized applications ‚Äď relying on off-chain "data ...Tue, 14 Nov 2023 20:00:00 -0600en-ustext/htmlhttps://www.msn.com/How Blockchain Can Save Entertainment
The entertainment industry is grappling with numerous challenges, with the writers‚Äô and actors‚Äô strikes this year standing as a clear sign that the current model is not sustainable. However, blockchain technology could be the key to addressing these challenges, potentially saving the industry billions of dollars.
According to Leo Matchett, co-founder and chief executive of the Decentralized Pictures Foundation, ‚Äúthe blockchain has the potential to revolutionize the entertainment industry. It can help create a more transparent and equitable industry, and it can also connect fans with their favorite artists in new and innovative ways.‚ÄĚ
This isn‚Äôt a superficial statement for Matchett. With more than 20 years of experience as a software developer and film producer, he is spearheading efforts at the company co-owned by director Roman Coppola, whose father, the Oscar-winning director Francis Ford Coppola, is a household name.
To understand the scope of this potential change, it‚Äôs crucial to comprehend what blockchain technology is. At its core, the blockchain comprises blocks of data, similar to a bank ledger that records transactions. It‚Äôs secure, transparent and immutable, meaning that transactions are irreversible once they happen. This concept has its benefits and downsides, which are continually being explored and addressed as the technology evolves and advances.
Blockchain technology extends beyond the headlines about FTX or NFT pyramid schemes. This technology could be a game-changer for the entertainment industry in six ways: by curbing piracy, addressing fraud, boosting declining revenues, creating new funding methods, seamlessly tracking royalties and securing an equitable and sustainable future.
Blockchain can counter piracy in several ways. It can create a secure and transparent record of digital content ownership, simplifying the process of tracking and prosecuting pirates. Furthermore, blockchain can implement digital rights management systems, which complicate the copying or distribution of copyrighted material without authorization.
Additionally, blockchain technology can combat fraud in several ways. It can establish a secure and transparent record of transactions, making it harder for fraudsters to counterfeit tickets and other products. Consumers can verify the origins of a ticket and confirm its authenticity. Additionally, blockchain can facilitate the implementation of smart contracts. These self-executing contracts automate payments and other transactions, making it more challenging for fraudsters to commit theft. Ticketmaster and Sports Illustrated have already adopted blockchain as a solution to these issues.
The entertainment industry is experiencing declining revenues, due in part to the rise of streaming services, the fall of traditional media outlets and the implosion of advertising.
Justin Alanis, chief executive of StoryCo, a blockchain-based entertainment platform, has been testing ways to connect creators and fans through his company. He believes that ‚Äúblockchain technology‚Ä¶ can create new revenue streams, such as the sale of digital collectibles or nonfungible tokens and reduce costs by eliminating the need for intermediaries like record labels and distributors.‚ÄĚ
Blockchain can create innovative funding methods for the entertainment industry. For example, blockchain-based crowdfunding platforms allow fans to invest in their favorite artists and projects.
Josh Frazin, co-founder of Hollywoodland, believes that ‚Äúthis can provide much-needed financial support for creative projects, and it can also give fans a sense of ownership in the success of their favorite artists.‚ÄĚ
Filmmaker Sherry McCracken, who became interested in smart contracts in 2018, has been all in ever since. She founded the Web3 film studio, Never Alone Xperience, as a way to make the world a better place for filmmakers and creators. Community members can participate in everything from supporting a project through funding to voting on what script should be made.
Blockchain can be used to track royalties for artists and creators. This can ensure that artists are paid fairly for their work and help reduce fraud. Blockchain-based platforms can track the ownership of digital content and automate the distribution of royalties to the rightful parties.
This could be an effective solution for tracking the use of your work or likeness by AI, or the amount of plays your show gets across various streaming platforms.¬†
SoundXYZ is an excellent example for the music industry, allowing artists to mint their songs as NFTs, creating a unique and valuable asset that can be sold or traded directly to their fans.
Mike Musante, co-founder of Decentralized Pictures, and a seasoned film producer, is optimistic about ‚Äúthe potential to make the entertainment industry more transparent and equitable.‚ÄĚ He also commented on the industry‚Äôs current opacity, noting, ‚Äúit‚Äôs difficult for fans to know where their money is going or how their data is being used. Blockchain can change that.‚ÄĚ
Despite the promising potential, issues such as complexity, cost and regulation limit the evolution of this technology and its scalability. As Californians, at the center of entertainment and technology, we must do all we can to create an environment that allows this technology to flourish. That includes folks at the ground level working to help educate on blockchain, all the way up to our elected officials, who we are relying on to create a sound regulatory environment for blockchain technology. Working together to harness this technology, we have the opportunity to change the future of entertainment.¬†
¬†Shira Lazar is the founder of What‚Äôs Trending, an online publication covering viral content across the social web with an emphasis on entertainment and digital culture.¬†
Sun, 05 Nov 2023 10:00:00 -0600en-UStext/htmlhttps://labusinessjournal.com/commentary/blockchain/Blockchain in Gaming Market to Garner $818.5 Billion, by 2032, Rising at 66.5% CAGR: Says Allied Market Research
Wilmington, DE, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "Blockchain in Gaming Market by Game Type (Role Playing Games, Open World Games, and, Collectible Games), by Platform (ETH, BNB Chain, Polygon, and Others), by Device Type (Android, Web, and iOS), by Industry Vertical (IT and ITES, Healthcare, Utilities, BFSI, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". The global blockchain in gaming market is envisioned to generate $818.5 bisllion by 2032. The market accounted for $4.9 billion in 2022 and is expected to showcase a CAGR of 66.5% from 2023 to 2032.
Dynamics of the market:
The growing interest in blockchain gaming, the increasing technological advancements in smartphone technology, and the growing demand for decentralized games and assets are the vital factors predicted to bolster the growth of the global blockchain in gaming market. Furthermore, the increasing demand for virtual assets is predicted to create extensive growth opportunities for the market over the analysis timeframe. However, the lack of technical expertise and regulatory clarity may impede the growth of the market.
The role-playing games segment to rule the roost over the analysis timeframe
By game type, the role-playing games segment generated the highest market share in 2022, contributing to around half of the global blockchain in gaming market revenue, and is predicted to hold the lion's share during the analysis timeframe. This is mainly due to the rise of blockchain technology that enables developers to create cross-platform games that can be deployed on multiple devices and platforms. On the contrary, the collectible games segment is expected to exhibit a stunning CAGR of 72.2% from 2023 to 2032. This is mainly because of the increasing demand for immersive game worlds by players that feel like real, living environments. Such gaming platforms include more realistic graphics, and more dynamic non-player characters (NPCs), and more interactive environments.
The ETH segment to hold the highest market share during the forecast period
By platform, the ETH segment generated the largest revenue in 2022, providing nearly half of the global blockchain in gaming market share, and is predicted to lead the trail over the analysis the analysis timeframe. This is mainly because Ethereum (ETH) offers a secure and transparent system for creating and trading blockchain-based game assets, including game tokens, and Non-Fungible Tokens (NFTs), and virtual currency. On the other hand, the polygon segment is expected to showcase a striking CAGR of 74.7% from 2023 to 2032, owing to the rapid growth in the number of decentralized gaming platforms being built on its network.
The web segment to dominate over the estimated period
By device type, the web segment held the biggest market share in 2022, generating more than two-fifths of the global blockchain in gaming market share. This growth is mainly due to the attainable and user-friendly gaming experience provided by the web. This further enables players to jump from a web browser to web-based games without downloading or installing software. On the contrary, the android segment is expected to manifest a fascinating CAGR of 70.4% from 2023 to 2032 and is expected to continue steady growth over the forecast period. This is mainly due to the increasing adoption of android devices among end users and the easy deployment of gaming platforms.
Asia-Pacific to hold the lion's share by 2031
Region-wise, the Asia-Pacific region held the largest market share in terms of revenue in 2022, contributing to nearly two-fifths of the global blockchain in gaming market share. This region is expected to exhibit a striking CAGR of 70.3% from during the analysis period from 2023 to 2032, and is also expected to rule the roost over the forecast period. This is mainly due to the increasing use of NFTs for trading in-game assets such as avatars, weapons, and skins.
On November 2023: Australian Web3 game studio Immutable partnered with global game developer Ubisoft to create a new video game that will further unlock the potential of Web3, which will appear that game will leverage the blockchain in some form.
On October 2023: Immutable, a blockchain-based infrastructure for NFT games and applications partnered with Amazon Web Services (AWS), a subsidiary of Amazon that provides on-demand cloud computing platforms and APIs to individuals, companies, and governments, on a metered, pay-as-you-go basis. Through this partnership companies intends to streamline blockchain gaming infrastructure for developers by tapping into valuable technical resources and support, boosting its capabilities in the blockchain gaming world.
On October 2023: Wemade, a prominent South Korean game developer partnered with Katnappe sp. z o.o., a Polish gaming company. Through this partnership the companies intends to integrate Katnappe's blockchain game, Hoomeez, into WEMIX PLAY, Wemade's globally recognized blockchain gaming platform, boasting a user base of over 9 million players. This partnership aims to diversify WEMIX PLAY's expansive portfolio, which currently encompasses more than 100 diverse games.
On June 2023: Oasys, a blockchain-based game development platform partnered with MIXI Corporation. The partnership between Oasys and MIXI would bring together the expertise of two leading companies in the blockchain gaming space. The two companies believe that they can work together to create innovative and engaging blockchain games that will appeal to a wide audience.
On April 2023: Leading South Korean game developer Wemade partnered with Nine66, a Savvy Games Group company. This partnership builds upon the previously signed Memorandum of Understanding (MOU) between Wemade and Nine66 and is in line with both parties' ambitions for the gaming industry in Saudi Arabia.
On January 2023: Gala Games acquired Ember Entertainment, a mobile game developer known for creating Gala's Web3 title, The Walking Dead Empires. This acquisition aims to test and explore various genres and tactics in the space.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Tue, 14 Nov 2023 20:44:00 -0600entext/htmlhttps://www.benzinga.com/pressreleases/23/11/g35807866/blockchain-in-gaming-market-to-garner-818-5-billion-by-2032-rising-at-66-5-cagr-says-allied-marketCosta Rica‚Äôs Sustainable Blockchain Week
Known worldwide for its rainforests, commitment to environmental protection, and progressive sustainability policies, Costa Rica is now aiming to cement itself as a global leader in another cutting-edge realm: blockchain technology.
Blockchain Week in Costa Rica begins November 16 with a series of events designed to highlight Costa Rica as an epicenter of sustainable blockchain innovation. The week will feature conferences, workshops, hackathons and cultural celebrations, offering opportunities for education, collaboration and advancement.
‚ÄúWe want to show that blockchain can pair perfectly with our core values of sustainability and conservation,‚ÄĚ said Minister of Science and Technology Paola Vega. ‚ÄúCosta Rica has always been a pioneer in green technology. Now we are ready to take that same mentality and apply it to the world of blockchain.‚ÄĚ
Blockchain Jungle 2023 promotes blockchain not just as an end in itself, but as a tool that ‚Äď when responsibly developed ‚Äď can support sustainability.
Meanwhile, Ethereum Day at Texas Tech University in Alajuela offers immersive education in the Ethereum ecosystem. Participants will gain practical skills in utilizing digital wallets, writing Solidity code, minting NFTs and more.
The Tico Blockchain Forum 2023 rounds out the week, inviting blockchain enthusiasts to network and discuss trends. Speakers from around the world will share their expertise.
With Blockchain Week, Costa Rica affirms its place on technology‚Äôs cutting edge while staying true to its ecological ethos. The country‚Äôs investment in human capital and promotion of sustainable practices provide the foundation for leadership.
‚ÄúWe are ready to blaze a new trail,‚ÄĚ Minister Vega declared. ‚ÄúThe rainforest is our inspiration ‚Äď we will grow blockchain technology organically, from the roots up.‚ÄĚ
Come together in downtown San Jose for a transformative day of motivating presentations, hands-on workshops, and cooperative discussions that will reimagine the intersection of blockchain and sustainability.
Sun, 05 Nov 2023 10:00:00 -0600en-UStext/htmlhttps://ticotimes.net/2023/11/06/costa-ricas-sustainable-blockchain-weekCiti Develops Blockchain FX Solution under the Monetary Authority of Singapore‚Äôs Project GuardianNo result found, try new keyword!Citi has developed an innovative application that uses blockchain infrastructure to price and execute bilateral spot foreign-exchange (FX) trades. The ...Tue, 14 Nov 2023 18:00:00 -0600https://www.businesswire.com/news/home/20231114842602/en/