AMERI Holdings, Inc. (OTCQB:AMRH), a specialized SAP® cloud, digital and enterprise services company, touts itself as a fast growing company. A look at the financials tells a different story: core growth is completely stalled, operating income has been significantly negative, cash levels have been declining, and the company is in a massive $20 million working capital deficit (about 40% of annual sales).
The January 10, 2018, announcement of a blockchain initiative will initially focus on bringing greater supply chain visibility, traceability, and vendor contract simplification (smart contracts) to AMRH’s customers in the manufacturing, aerospace, and retail sectors; sent shares soaring.
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Interoperable Multi-Cloud: The Perks Of Unified Data Management
Multi-cloud is an approach for combining multiple clouds (public or private) from multiple cloud vendors, and this is not an aggregation of different services from different vendors. Instead, it demands a mandatory glue – cloud-agnostic approach with interoperability across all providers. And moving to a multi-cloud environment requires careful planning, careful coordination of individuals and resources, patience, and positive thinking.
Nowadays, cloud storage is becoming increasingly popular among businesses. As a result, almost every organisation, more or less consciously, makes use of multiple online storage spaces. This article will deliver a short and quick overview of what the Cloud is, what types of storage are available, and what is the best Multi-cloud strategy for managing multiple spaces simultaneously.
What is Cloud Computing?
Cloud computing is characterised as access to servers, data storage, and applications via a network (Internet). These computing resources are placed in a remote data centre administered by the provider who owns the cloud services.
This network storage space emerged from the necessity to construct a memory accessible from anywhere, by multiple individuals, at any time, and, most importantly, with any device that has Internet connectivity. This will wean us away from tangible devices: "My laptop is missing?" No worries, I can access my clients' info from my mobile or another PC. At the same time, I can also restrict access to "old" devices.
Multiple parameters should be considered when selecting the best Cloud for your business. First, the type of technical infrastructure, followed by the expenses we are ready to pay, and finally, the platform that meets the IT team's requirements.
What are IaaS, PaaS, and SaaS?
Among the numerous types of Cloud Computing services presently available is "Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS)." These enable businesses to simplify life by assigning all infrastructure management and maintenance to third-party organisations. In other words, the company will only need to connect to the Internet, connect to the service/platform/infrastructure it requires, and begin operations.
SaaS, in particular, are services that any user can access without much IT understanding. The technologies we utilise to connect with colleagues, video call clients, and plan worldwide meeting presentations are just a few examples.
PaaS and IaaS, on the other hand, are IT-related services. For example, with Platform as a Service, you gain access to an environment that includes all the tools needed to develop, manage, and run the software. In contrast, Infrastructure as a Service allows you to connect to external infrastructure controlled by a third party over the Internet.
Although cloud providers aim to offer as many services as possible in a single package, it is doubtful that a company would find all it requires from a single cloud provider. This creates the necessity to manage multiple clouds simultaneously through a well-designed multi-cloud strategy.
Different types of Cloud
Before moving into the multi-cloud strategy, it's important to grasp the distinctions between the Cloud Computing architectures that will host services. Data can be kept in several ways inside a single organisation.
- On-premise digital storage: The infrastructure is located on the company's premises, and data is saved and managed using software only the organisation can access.
- Private Cloud: A third party provides the infrastructure but is entirely dedicated to the service buyer. The cloud provider benefits from economies of scale: it spreads costs (e.g., maintenance, updates, etc.) across multiple hardware, achieving efficiency levels that a single company would not achieve. As a result, this solution cuts expenses while maintaining high-security security standards: customers have exclusive access to the data infrastructure.
- Public Cloud: The infrastructure is given outside and without exclusivity in the public cloud. In other words, data from several companies are saved on a single piece of hardware. In addition, each customer will have a unique interface for accessing their data. This solution has significant cost advantages because cloud providers can efficiently exploit the infrastructure, lowering the cost of the service and making it more accessible to SMEs.
- Hybrid Cloud: mixes private and public Clouds to reap the benefits of both: greatest security for sensitive data and lowest prices for others.
In this scenario, we have a choice between two approaches:
- The "classic" Multi-cloud strategy includes using different Clouds separately, with no connection.
- The term "interoperable" Instead, a multi-cloud strategy tries to maximise a system's ability to function efficiently with several Clouds. In other words, it enables the intelligent and effective integration and management of multiple storage places simultaneously. Cross-platform communication, process sharing, and database interaction are all important.
- Interoperability needs a single Cloud Management System capable of tracking the performance of many Clouds and managing activities within them.
Undoubtedly, we must also weigh the disadvantages: achieving interoperability requires a bigger economic and "physical" effort. Indeed, the IT department must undertake the tough task of rethinking processes, improving workflows, and allowing Clouds to communicate with one another. This must be accomplished by incorporating the entire organisation in a collaborative effort, correlating changes in working techniques with newly accessible tools.
What are the advantages of interoperable multi-cloud?
Enterprises' efforts to create an interoperable multi-cloud strategy are paid back in the long run. But why are businesses opting for an interoperable approach?
- Security is one of the prime advantages. The multi-cloud architecture necessitates a "command platform" (Cloud Management System) for managing accesses, knowing the structure of the Cloud at all times, the processes, and knowing and managing the many storage areas in which data lives.
- Enhances business performance: Through platform communication, it is possible to make processes more efficient, removing barriers and slowdowns. This can reduce workload for all coworkers while also enhancing performance and quality.
Final Words
In this evolving digital era, having a well-defined plan for storing digital data is becoming increasingly important. Even though achieving interoperability may be difficult for some, it is useful to assess the many "silos" in which the data sits to be aware of which clouds are being used and, if necessary, to perform targeted optimisations accordingly.
So, to enter the mainstream of this fast-moving world of revolutionary technologies and rapidly advancing economies, businesses must take advantage of and adopt the necessary adaptations with the help of highly effective AI services to thrive bigger and better each day.
Author bio: Vishnu Narayan is a content writer, working at ThinkPalm Technologies, a software & mobile app development services company focusing on technologies like BigData, IoT, and AI services. He is a passionate writer, a tech enthusiast, and an avid reader who tries to tour the globe with a heart that longs to see more sunsets than Netflix!
Kalima Blockchain on a Path to Establish New Standard for Blockchain-Based IoT
Kalima is merging the bridge between industrial IoT and blockchain, by embedding blockchain technology in the IoT gateways. In an end-to-end fashion IoT data can be collected, transferred, stored, protected, and most importantly monetized.
The company was founded by Andre Legendre, who currently serves as both its CEO and Chief Technology Officer. He developed this blockchain for industries who have IoT embedded in their core business model. Furthermore, thanks to the diverse API integration, any kind of data can be embedded in the ecosystem of Kalima. This also enables independent developers throughout the world to develop parallel chains and DApps.
Kalima aims to monetize data collection all while ensuring data integrity and immutability. Kalima is made up of the Kalima MainChain and a decentralized network of separate permission blockchains named PrivaChain. PrivaChains give a space where industries have complete governance of their data and can adopt blockchain technology within the core of their business processes, as they can store, transfer, and monetize their qualified data.
The Kalima Blockchain can generate value to industries thanks to client-side smart contracts, which are smart contracts that can be adapted to the client’s needs. This means that each client needs can be addressed in a unique manner creating value from their data collected.
Clients profiting thanks to Kalima are diverse multinational companies, such as Enedis, Tenneco, Spie and ArcelorMittal. Enedis is the first distributor of electrical products in France, Tenneco is a global automotive company, Spie is a European leader specializing in electrical, mechanical, and climate engineering, and ArcelorMittal, one of the world’s leading steel and mining companies. These companies highlight the potential for Kalima Blockchain and serve as pioneering examples for other industries.
Kalima’s product integrates connected objects and networks into its technology, and furthermore enables industries to store, collect, transfer, and monetize data. Industries within the space of supply chain, healthcare, energy, finance, identification, and connected infrastructure could benefit from such an ecosystem, which is why after the successful pioneering examples more clients are expected to be onboarded.
Kalima can furthermore embed individual assets of a company as a Digital passport, which would be a non-fungible token demonstrating the lifetime modifications of the asset. The healthcare, pharmaceutical, agrotech, food, and luxury industries stand to benefit most from this. In addition, Kalima can allow manufacturers and industries that use machines to receive transparent information that will enable them to take advantage of pay-per-use.
Kalima Blockchain can monetize the data that third parties collect. This is referred to as ‘smart rewarding’, where in an end-to-end fashion the data collected from certain IoT sensors can be tokenized. Individuals or corporations have full governance of the decision if they want to share and monetize their data or not.
Kalima enables businesses and developers to build applications, monetize their collected data and is also bridging the gap between real off chain data and virtual on chain data.
About Kalima Blockchain
At its founding, the company intended to develop a blockchain-based IoT standard. Kalima is bringing new possibilities for monetizing data by connecting different types of businesses, including people, objects, and services. Additionally, Kalima empowers enterprises to develop the next generation of blockchain applications. One of the most significant factors of Kalima Blockchain is its low transaction costs and low environmental impact to the delegated proof of stake consensus.
Ankr Unveils Its Biggest Upgrade, Ankr Network 2.0, to Truly Decentralize Web3’s Foundational Layer
Ankr, one of the world’s leading Web3 infrastructure providers, is delighted to introduce Ankr Network 2.0, described in the new whitepaper as a “Decentralized marketplace for Web3 infrastructure.” The upgrade brings a full suite of decentralized products and services that serve as the critical infrastructure behind Web3 growth.
There have long been concerns that Web3 is not as decentralized as its boosters claim as the majority of its server (node) infrastructure for underlying blockchains is hosted by centralized companies and data centers. Ankr 2.0 solves this crucial problem with new decentralized web services – a protocol that allows independent node operators to connect developers and dApps to blockchains and earn rewards while they do it. “Ankr 2.0 is the missing link for Web3 to become decentralized once and for all. Allowing blockchains to work with multiple infrastructure providers on a single network has always been the dream, both for speed, reliability, and decentralization. Now with the Ankr Network, that’s all possible. It’s a major move forward for the industry to keep innovating towards an infrastructure that can handle mass adoption in the years to come,” said Greg Gopman, the Chief Marketing Officer at Ankr.
The new Ankr Network has been over a year in making as Ankr transitioned its centralized infrastructure business to a decentralized protocol, creating the first-of-its-kind node infrastructure protocol for the industry to collaborate on. The fully decentralized Ankr Network brings the following upgrades for the benefit of all stakeholders:
Independent node providers to run full nodes
Independent node providers can serve traffic and earn rewards on the Ankr Network. Organizations that already run full nodes for their own projects can also connect to the Ankr Network to earn rewards when their project isn’t using them. Independent nodes join Ankr’s existing global network to serve all blockchain request methods, including the Advanced APIs that streamline and simplify data querying.
Developers connect to a decentralized RPC layer
As independent node providers power Ankr Network, this means that the developers, dApps, wallets, and all other projects using the service now have a decentralized means of connecting to blockchains. All of these parties pay-as-they-go when making requests to blockchains (around 7.2 billion per day total), and this income is split between node providers and the community of stakers that helps secure the full nodes.
Greater utility for the ANKR token & first ever instance of staking to full nodes
On the new decentralized Ankr Network, the ANKR token plays a central role in all operations:
- Developers pay for access to on-chain data (RPC requests) in ANKR
- Independent node providers serve blockchain requests to earn ANKR
- Stakers contribute ANKR to nodes to secure the network and share in the rewards
Anyone can stake to full nodes on Ankr Network and earn rewards for all RPC traffic served. By creating a decentralized infrastructure marketplace and economy, Ankr Network will scale to accommodate the ever-increasing amount of Web3 usage and allow more stakeholders to benefit from its growth.
Ankr DAO to democratize services
Ankr Network will begin to transition operations to a new DAO framework to promote consensus-based decision making. The Ankr DAO will initially democratize the decision-making process in three core areas:
- Deciding where to allocate funds from the Ankr Treasury to incentivize protocol growth and rewards.
- Determining pricing and revenue splits for various systems touching the protocol like Node Providers and Staking.
- Choosing which blockchains to onboard next to Ankr’s industry-leading RPC services.
About Ankr
Ankr has built out the largest global node network in the industry, creating the foundation for the future of Web3. It currently serves around 250 billion blockchain requests a month across 50 different chains and runs RPC services for 17 blockchain partners, making it the largest RPC provider in the industry. Ankr also offers a suite of tools that empower dApp developers to build Web3 apps quickly and easily.
Flare Network Genesis – Network live and ready for builders, developer adoption program coming in August
Genesis has occurred for Flare Network, the blockchain built for universal connectivity with other blockchains and real world data sources.
Flare is a powerful new blockchain with the first new consensus protocol for external data. Decentralized applications on Flare can safely and trustlessly acquire and use information from other blockchains and real world data sources, solving the oracle problem and opening the door to a new era of utility, specifically: decentralized and insured multilateral bridging, cross chain relay and insured cross chain relay, Web2 to Web3 composability and a secure fully interoperable multichain solution.
The network has entered a minimum 8 week observation period to reach sufficient decentralization ahead of the public token distribution event (TDE). At genesis the Flare Foundation controlled 100% of the validation power. During Observation Mode, the addition of validators independent of Flare will reduce the Flare Foundation’s validator power to below 33%. This is below the threshold for the foundation to control the network in any way, bringing Flare to a decentralized state of operation.
Flare is live and ready for builders, with a significant developer adoption program launching in August. This program has been designed to facilitate the development of interoperable dapps on Flare that build upon Flare’s groundbreaking new technology: the State Connector <link> and Flare Time Series Oracle <link>. Engineers and builders can submit their dApp proposals here.
Hugo Philion, Flare CEO & Co-founder, commented: “The last year has been characterized by a stream of CeFi and bridge failures. At the same time DeFi and decentralized approaches have shown continued robustness. The key conclusion to draw here is that the industry needs decentralized and secure solutions instead of centralized quick fixes. This can only come from genuine technical innovation. Flare is focused on delivering decentralized and secure solutions that provide the user protection against the risk of loss. Protecting the user to the greatest extent possible is what will drive the next wave of adoption in the digital asset ecosystem. I’m excited to welcome projects to the network and see the creative ways builders will harness Flare’s cross-chain composability and Web2 data in their dapps. I encourage anyone about to start a new Web3 project to take a look at Flare’s technology. The chain has been designed to reward positive participation by all actors, from token holders, to data providers and validators, with initial incentive pools deployed to accelerate development.”
SIMBA Chain Makes Building on the Blockchain Easier Than Ever for All with SIMBA Blocks
SIMBA Chain, the leading provider of blockchain enterprise solutions, has released its new blockchain cloud service, SIMBA Blocks. The intuitive platform allows organizations to interact with familiar Web2 interfaces while tapping into decentralized Web3 infrastructure and all of its benefits, including transparency, accountability, and monitoring. From supply chain management to building NFT marketplaces, SIMBA Blocks allows anyone to integrate blockchain solutions into their projects seamlessly.
To simplify the integration of blockchain solutions into traditional organizations, SIMBA Blocks provides a user-friendly web interface for effective monitoring and administration. The cloud service platform also offers a drag-and-drop smart contract development that enables developers, universities, companies, and other organizations to quickly and efficiently build Web3 solutions. The data models created by the smart contract designer are made searchable by GraphQL directly in the SIMBA Blocks UI.
Users can seamlessly migrate between different blockchain protocols, allowing them to stay agile and adaptive to project changes. This flexibility ensures that clients can always select the best solution for their unique needs.
Additionally, by auto-generating virtual REST APIs connected to smart contracts, SIMBA Blocks seamlessly converts all API requests to blockchain transactions. These REST APIs support public and private blockchain deployments and can communicate with different protocols to facilitate powerful integrations.
Already in use by entities like the US Air Force and The National Institute of Standards and Technology, SIMBA Blocks delivers solution-specific modules optimized for multiple use cases, including tokenization, NFTs, and supply chain management. In addition, SIMBA’s underlying infrastructure distributes network activity across multiple nodes to manage network congestion, ensuring client transactions are always successful.
Crucially, organizations can use the cloud service to conveniently deploy blockchain applications without spending a substantial amount of time or money on external consultants or experts. Its intuitive, user-friendly design and robust features allow Web2 businesses to integrate blockchain technologies without going through a restrictive and expensive development process.
“SIMBA Blocks makes building Web3 applications easier, faster, and cheaper. Instead of the process taking months to years before production can start, brands can deploy blockchain solutions within days to weeks. Moreover, thanks to its built-in security and monitoring features, SIMBA Blocks enables users to integrate both Web2 and Web3 applications to maximize the software’s use-cases,” says Bryan Ritchie, CEO of SIMBA Chain.
In addition to the currently-supported Polygon, Ethereum, and ConsenSys Quorum blockchains, SIMBA Blocks will expand to support more protocols and SDKs as part of its roadmap.
About SIMBA Chain
SIMBA Chain (short for Simple Blockchain Applications) has simplified blockchain app development by removing complexities involved and making the technology accessible by all, regardless of their blockchain know-how. The platform auto-generates APIs that support public and private blockchains and is designed for any developer to adopt through drag-and-drop smart-contract building easily. Incubated at the University of Notre Dame, SIMBA Chain allows customers to deploy blockchain applications without spending huge sums of time and resources on hiring consultants or tech experts. Using SIMBA Chain’s cloud-based platform, any developers, companies, universities, among others, can easily build Web 3.0 solutions.
The 5 Most Threatening Online Scams to Be Aware of in 2022
1. Employment Scams:
Now employment scams are one of the most common types of scams. These mainly involve scammers posing as actual companies to attract potential victims. Fake job scams are mainly used to defraud people that are seeking employment by giving them false hope of providing them with better employment and higher wages.
These scammers then lure possible employees and then tell them to deposit money for some course or for some training. This is mainly how these fake job scams work.
2. Fraudulent Amazon Employees:Now these are yet another popular and new scams that have continuously been happening in 2022. These fake Amazon employees scams take place by scammers impersonating Amazon employees. This leads to people losing millions and there have been 27 million dollars of losses through these types of frauds.
Now these scammers simply pose as Amazon employees and they call the customers and tell them they need information to verify an order or verify their account. It all goes downhill from there and then it results in huge losses.
3. Fake Tax imposters:This is yet another upcoming type of scam which mainly involves scammers impersonating the state and county law enforcements. They also impersonate tax collection agencies to get you to share personal information or to send money for a tax debt.
They can either call or they can send messages to threaten to easily revoke a passport or a drivers licence. Don’t fall for this type of scam because there is no government official that will ask you for money directly or call you for tax collection.
4. Crypto scams:Cryptocurrency scams have become so popular nowadays and there are several types of cryptocurrency scams. There are several types of cryptocurrency scams which include fake websites, phishing scams, pump and dump schemes, fake apps and giveaway scams.
Cryptocurrency scams include scams through several cryptocurrency websites and applications. There have been several scams which most commonly include scams by brokers. Cryptocurrency broker scams have been very common and these types of scams take place by fraudulent brokers.
These brokers manipulate and lure in traders by advertising huge returns. Young and naïve brokers get manipulated easily and invest all their money immediately and get manipulated easily. These traders are unaware of the risks and easily get lured.
Crypto scams have become easily popular as cryptocurrency itself has become very popular and there has been a rise in scammers approaching these websites. The main reason is the platform is highly unregulated and it is very dynamic which gives scammers the perfect opportunity to steal money and scam people.
5. Google voice scams:This is a relatively new type of scam and is already becoming very popular. These scammers are after your Google voice phone number and all your information because this will allow them to easily make another Google voice account in your name to defraud people. Now these scammers can easily buy and sell through established platforms such as eBay and Etsy that are offering identification verification.
Now you might be wondering why Google Voice is used for scams. Let me tell you why! Google Voice offers virtual phone numbers that can easily be used to make domestic and international calls to easily send or receive text messages through a browser. This Google voice account can easily be used to launch numerous scams.
ChargebackWay to your aid:
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Chargebackway helps you understand and identify all the red flags and tactics of scammers. This website updates their information regularly and is managed by a group of professionals. These professionals are continually researching new and upcoming scams. Therefore, all the information on Chargeback Way is completely legitimate and is updated regularly.
You better run and check out the website now! Think before investing in cryptocurrency and this website contains information related to online scams, crypto scams, dating scams, Google voice scams and Amazon scams. So before you invest somewhere or if you are suspicious of something check out this amazing website!
Fintech-Ideas brings blockchain functionality to its range of platforms
Enterprise software developer Fintech-Ideas has integrated a suite of blockchain tools to its SaaS offerings. The provision will enable businesses to utilize powerful web3 features such as tokenization, NFTs, and distributed storage.
The integration of blockchain functionality into the company’s fintech and marketing platforms will deliver web3 services on demand. Customers will be able to gain exposure to crypto-based technologies, including blockchain, with minimal setup costs and lead time.
Products such as Pushnoti, LiberSave, and ITTechAV are relied on by millions of customers for payments and marketing. The incorporation of web3 features will further extend their functionality and unlock new revenue streams for forward-thinking businesses. Fintech-Ideas also services the media industry through a brace of products. Aussiedlerbote Zeitung offers readers a wide range of media content and TechZeitung supports the convenient and high-scale exchange of entrepreneurial skills and expertise.
Liber Save is a software-as-a-service solution for digital coupon issuers. Users can buy unlimited coupons from issuers and use them to purchase items from partner stores and marketplaces.
Pushnoti, meanwhile, helps business owners identify regular visitors for engagement purposes, and PushnotiAds is a push notification monetization platform. These, together with Fintech-Ideas products such as IT Technologie, will benefit from blockchain integration.
The cost and complexity of introducing and maintaining blockchain functionality serves as a deterrent for many companies. Fintech-Ideas’ Blockchain-as-a-Service offering will give companies exposure to web3 and the upside it offers, without being lumbered with prohibitive maintenance costs.
Web3, presented as a new internet standard, utilizes innovations that are synonymous with blockchain including the use of key pairs, encryption, digital IDs, and tokenization. Web3 technologies support such applications as micropayments, decentralized networking, IoT, and censorship-resistant social media platforms.
About Fintech-Ideas
Home to 200 employees across nine countries, Fintech-Ideas specializes in sourcing, financing and developing in-house products aimed at fintech and marketing industries. The Berlin-based company is focused on proprietary projects, which it prioritizes over software sales and contracted full-stack development. Fintech-Ideas solutions help businesses achieve their goals by freeing them to focus on their core operations.
Blockchain Network Backed by Japanese Content Giant Launches to Build a Sustainable Metaverse Ecosystem
Recently numerous new blockchain networks have emerged, but only few have had both strong technical expertise and rich content to fill the ecosystem from the beginning. Since it’s impossible to create an ecosystem with infrastructure alone, new blockchain networks usually seek partnerships with Dapp projects. MOOI Network, developed by blockchain company POST VOYAGER, has already succeeded in securing both technical strength and a content-rich ecosystem even before its launch. While POST VOYAGER focuses on the technical aspects, Cocone, a well-established Japanese mobile game giant, will bring its metaverse content to the network. The launch date of MOOI Network is June 30.
Technical Strength
The developer of the MOOI Network, POST VOYAGER, is a subsidiary company of Cocone, a well-established Japanese mobile app company. Established specifically for blockchain projects, POST VOYAGER has been exercising its expertise since 2019. The company has been a Governance Council member, or a node validator, of the Klaytn network. While actively participating in the governance process, the POST VOYAGER team has been steadily building up its knowledge of blockchain. It has also been serving to provide technical support and advice to its affiliate companies. With half of the team as developers, including its founder, POST VOYAGER is a very tech-intensive company and understands the importance of ever-changing technologies.
While POST VOYAGER is quite confident about its technical competence, the team decided to take extra steps to protect the assets of users. To further ensure the integrity of its security, MOOI Network will undergo multiple audits. According to POST VOYAGER, “it’s never enough to stress the importance of the integrity of the network. We will take every necessary measure to ensure it.”
Metaverse full of contents
MOOI Network will be featured with various metaverse services. Cocone, POST VOYAGER’s parent company, plans to launch at least 4 new services on MOOI Network within this year. Cocone has pioneered a completely new genre of gaming called Character Coordinating Play (CCP), where players can customize their characters and communicate with others. The core of CCP is very similar to that of metaverse: immersion into a virtual world to break the boundary between real and virtual worlds. Cocone strived to provide such experiences to its users. As a result, it has been dominating the Japanese avatar service market for 14 years, and its services have been loved by 42 million users around the world with multiple awards. Cocone itself is also a renowned app publisher. It has been ranked in the top 10 across multiple categories. With their deep understanding of users, Cocone aims to pour all their know-how into pipelining their Web2 services into Web3 services, as well as developing brand new projects for MOOI Network.
The first service to launch is Meta Livly, a Web3 version of Livly Island. The original service, Livly Island, currently has around 200,000 DAU. While almost identical to the original service, Meta Livly will feature its own unique universe. It will also feature the P2E aspect where users can earn from playing the game, as well as NFTs so that players can actually own and trade their items. Meta Livly is scheduled to launch by the end of July.
Recently another service was unveiled to launch on MOOI Network. ClawKiss, developed by Cocone Connect, another subsidiary of the Cocone Group, has revealed its official website and social media accounts. ClawKiss will be a dress-to-earn GameFi vampire game utilizing blockchain technology and Selfy, an avatar generator that has been loved in over 170 countries around the world. ClawKiss will be released by the end of 2022. Starting with Meta Livly and ClawKiss, Cocone Group is planning to release more than 10 games on MOOI Network within a few years.
Besides Cocone’s IPs, POST VOYAGER is also actively seeking more metaverse services to be onboard on MOOI Network.
Value-based economy
MOOI Network is built to support a sustainable metaverse economy. POST VOYAGER’s approach when designing a blockchain economy is slightly different from the conventional approach. MOOI Network’s economy will be built first with the players who see the real value of playing services and owning digital assets. After the value has been established, the expansion of the ecosystem will naturally follow. With a record of over 590,000 types of digital items with 9 billion items already in circulation from Cocone Group’s services, POST VOYAGER believes that the value has already been proven in the Web2 market, and so will the Web3 market.
The network’s economy will be built around its governance token $MOOI, while each individual service also has its own tokenomics. POST VOYAGER has a special team called the “crypto finance team”. The team is dedicated to designing and monitoring the economic system of the MOOI Network. The team is also more than willing to provide advice to any Dapp projects onboarding the MOOI Network to build a better tokenomics of itself, eventually building a sustainable metaverse economy together. One member of the team said, “We consider each project’s tokenomics as important as our own. Sustainable economy is not going to work if either one fails.”
POST VOYAGER’s ingenious approach has captured some pioneers in the blockchain industry. POST VOYAGER has successfully finished the MOOI token’s first round of private sales. Block Crafters Capital, a venture capital located in Singapore, decided to make an early investment in the MOOI Network. Another company Ozys, a leading blockchain tech company in South Korea, has established a strategic partnership with POST VOYAGER to expand MOOI Network’s ecosystem.
Vision of MOOI
MOOI Network has many metaverse services to be onboarded, but POST VOYAGER’s vision is not limited to digital apps. The team envisions expanding its ecosystem with any project, real or digital, that fits with the core value of the MOOI Network.
At launch, MOOI Network will be bridged with the Klaytn network first. Thereafter, the network will have more bridges with other blockchains such as Polygon and Ethereum to further expand the ecosystem.
Blockchain scalability issues and the solutions offered by Layer 2 protocols
At the dawn of the blockchain age, Layer 1 laid the foundation for what has become one of the revolutionary industries in this Millenium. Layer 1 is the underlying main blockchain architecture. Ethereum and Bitcoin chains are considered Layer 1 and although these chains kickstarted the blockchain industry into gear, evolution is inevitable. As a way to meet the needs of scalability, Layer 2 solutions were introduced.
How does Layer 2 actually work?
Built on top of the Layer 1 network, Layer 2 solutions rely on a server or a grouping of servers. These groupings of servers have different names depending on the project, but we will refer to them as node operators for this article. Node operators can be a business specifically aimed at validating information or a large group of individuals with a single intent. Node operators ensure speed, efficiency, and security of transactions. They have a vested interest in a project, or the incentives offered by the project are worthwhile.
Transactions are not submitted to Layer 1 — they are considered off-chain transactions and are submitted to the Layer 2 nodes for validation; the node operators then pin or anchor them to Layer 1 in batches, so the transactions can't be changed.
What type of Layer 2 Solutions are there?
The process of gathering and submitting transactions defines the different types of Layer 2 solutions available — how, when, and what data is used determines what these solutions are. For example, some solutions called rollups gather multiple transactions into a single transaction, create a cryptographic proof of the transactions, and then submit this proof to Layer 1 as a record. Within rollup Layer 2 solutions there are a few iterations such as the Zero-Knowledge Rollups which bundle hundreds of transactions into one via a smart contract, which is considered proof of validity.
Channel Layer 2 solutions allow users or participants to transact a certain amount of times off-chain while only submitting 2 transactions to the Layer 1 chain. The validity of channels is given by participants locking a deposit via a smart contract, which holds them to their transaction boundaries. For example, in channels, the participant's first transaction is opening up the channel, and the 2nd transaction is the last, which closes off the channel, and a final on-chain transaction is logged.
Scalability is essential for the blockchain and crypto sphere to flourish.
Attracting and meeting customer’s expectations and demands can be difficult when operating on Layer 1 alone. A super busy network slows down transaction speeds and increases gas prices tremendously as transaction senders try to outbid one another. In some instances, transactions can not be executed at all because of network congestion, and gas fees are deducted anyway. This frustrates users and makes DApps less user-friendly and more expensive.
Layer 2 solutions are the gateway to a happier, more satisfied user base and thus better adoption in the long run.
Layer 2 has brought much-needed innovation, especially for real time-related application developments like blockchain games. It has opened up the market because users aren't put off by slow transactions and high gas fees, and scaling is doable without compromising Layer 1’s security.
According to an article on Hackernoon, if we look at the VISA Transaction per Second (TPS), the Visa TPS requirement is about 47K transactions per second. Layer 2 is an opportunity for blockchain and crypto to elevate their game and challenge traditional centralized solutions.
An effective example of a successful Layer 2 integration is the integration of Loopring into the Eidoo (PNT) ecosystem, specifically the eidooCARD. The eidooCard is linked to the Eidoo (PNT) DeFi wallet on the app and is considered one of the best Defi wallets.
The Loopring integration into the DeFi wallet app allows the VISA-backed Eidoo crypto card to make faster, real-time transactions at a lower fee in traditional retail, dining, or online shopping situations while maintaining the decentralization aspect of the Ethereum blockchain. This is what makes the eidooCARD your gateway into the future - a new, fast, and low-cost way to do crypto.
Loopring, a Zero-Knowledge Rollup Layer 2 solution, makes it possible to justify the smaller, more frequent kinds of payments, like those you can make with your eidooCARD or any mainstream debit or credit card. Loopring does approximately 2,025 trades per second off-chain compared to the Ethereum network which can only support approximately 30 transactions per second. This reduces gas consumption plus brings overall settlement costs to only fractions of a cent.
The old term used in blockchain technology referring to the Impossible Triangle, which refers to Security, Scalability, and Decentralization no longer has any bearing when it comes to Layer 2 solutions which are responsible for the decentralization evolution.
6 Reasons Why Gambling Can Be Addictive
Gambling has been a pastime for many people around the world for generations. However, while some people see it as a profitable hobby, it’s also something that can cause problems in your life if you’re not careful.
Today, gambling is more accessible that it has ever been. It’s very easy to access online casinos from your device and to deposit your money and gamble it away. This is even made easier through blockchain technology, which allows gamblers to deposit and withdraw cryptocurrency in online casinos for hassle-free and instant transactions.
The widespread accessibility of gambling makes it far more likely for people to develop crippling gambling addictions. Avoiding the casino can be pretty difficult if it would just take you a few clicks before you could hit the tables.
There are multiple reasons why people develop gambling addictions. These don’t mean that gambling should be avoided at all costs, as it can still be fun as long as you stay disciplined. It is however important to keep these things in mind and remember that gambling should never take over your life.
The Games are Enjoyable
One of the main reasons why people enjoy gambling is the games itself. Casinos offer a wide selection of games for all types of players. There are games that require no skill at all such as slot machines and roulette and games for those who like to use their minds to win such as poker and blackjack.
Regardless of the game, gambling can make you forget that you’ve already spent hours at the table when you’re too busy waiting for that jackpot to hit. These games are likewise easy to learn and who wouldn’t want to have the chance at making money while enjoying a simple game? Although some casino games have versions that don’t require you to put money in, nothing can be compared to the rush of the prospect of turning a dollar into a thousand.
Transactions are Smooth as Ever
Online casinos have various payment options that clients can opt for. You can finance your online gambling through your bank account, through debit or credit cards, or through e-wallets. What is perhaps the most convenient way however is through cryptocurrency.
More and more casinos are implementing the use of cryptocurrency for deposits and withdrawals. Through the revolutionary blockchain technology utilized in cryptocurrency, gamblers need not worry about processing times or having to disclose personal details that they’d prefer to remain private. Now, you can securely finance your bankroll and immediately withdraw and enjoy your winnings at any time you wish.
Winning Makes You Want More
People gamble because of the prospect of winning an amount of money that would take most people months, or even years, to make. However, wins as big as those are hard to come by. Keep in mind that the odds are always stacked against you every time you gamble.
This doesn’t mean that you just lose every time you gamble. Of course, there are times when good luck kicks in and you make some money. These wins however are often never enough since they’re so small compared to that elusive jackpot, and as you build your bankroll, you’re more incentivized to aim higher and play higher stakes and thus risk more money for greater rewards.
Losses Make You Return
Most gamblers’ natural reaction to a huge loss is not to call it a day and move on. It’s understandable for people to want to make back what they’ve lost, and gambling is something that you can virtually do for as long as possible so long as you have the budget for it.
Gambling addicts who lose often dig into their pockets and play at higher stakes in hope of turning a negative into a positive. This is often a cycle that only ends once a gambler has no money left for the casino.
An Escape from Real Life
With all that’s happening in the world and all the personal problems that every individual has to handle, gambling can be seen as something to do to escape from the stress and anxiety of everyday life. When you’re at the casino, your mind is solely focused on the game and on winning.
It is true that gambling can momentarily help you forget your problems, but it can also be a source of additional problems if you don’t have self-control.
A Means to an End
The prize money to be won at the casino can at times be greater than the amount you could make through work. Nobody wants to wait a year if you can make the same amount of money after a lucky spin at the slot machine.
Sometimes, our jobs aren’t enough to fulfill our dreams, and we turn to more ingenious ways of making money. How else can you get your dream car instantly if you work an average-paying 9 to 5? Gambling is one such method of getting rich quickly without much effort, albeit the risks are much higher and the possible costs can be devastating.
Blockchain Use Cases in Gaming
The gaming industry is one of the first that acquires the most advanced technologies to leverage itself. And this fact is not surprising since there are 2.7 billion gamers all over the world. For example, AR and VR technologies are actively used in gaming, and blockchain is another technology on this list. In this article, we’ll break down how Ethereum blockchain is used in the gaming field and highlight popular gaming projects fueled with Ethereum. Without further ado, let’s get started.
The Use of Ethereum
First of all, why Ethereum blockchain is so popular in the gaming industry? This platform is known for the opportunity to create smart contracts. But what smart contracts are?
In simple words, smart contracts are programs stored in a blockchain and executed within its network nodes. For example, let’s assume that we have a freshly made smart contract with public APIs that needs to be deployed. Deployment is a creation of a transaction that contains program code.
When the deployment process is set and done, we can finally call the contract’s public method, which is another transaction within the blockchain. As a result, the contract’s condition always stays in the blockchain.
Now it’s time to talk about two important Ethereum properties.
- You can’t change or delete data.
- The whole chain and data open for everyone.
These properties mean that the smart contract’s code, operations and their results can’t be changed since all these components are located in the blockchain.
The final aspect of the Ethereum blockchain is tokens. There are two types of tokens used in this blockchain:
- ERC-20 - these tokens have the same value and are mostly used to operate cryptocurrency.
- ERC-721 - each token has unique properties and is used to operate various items and services.
Since we know what Ethereum blockchain is, it’s time to talk about two popular gaming projects based on this technology: a trading platform called DMarket and a trading card game called Gods Unchained.
What Is DMarket?
DMarket is an online platform that allows users to sell or trade their game items. DMarket’s creators built the first decentralized trading platform for exchanging virtual items. DMarket is one of the famous use cases of smart contracts in gaming since every gamer now can profit from their hobby and show off in front of other players.
Tech Stack of DMarket Platform
DMarket split into two independent parts: decentralized blockchain database and trading platform. Let’s consider each part in detail.
Blockchain Database
The main purpose of this database is to store information about all transactions made on a trading platform. But how smart contracts are used in this database?
Smart contracts manage certain conditions, virtual items, internal cryptocurrency, and much more. In simple words, all payments and deliveries occurring with conditions written in these smart contracts. Thanks to smart contracts, DMarket has top-notch security for all deal members and low transaction expenses.
Smart contracts are also used in these operations:
- HASH-based checking of in-game items amount available at the moment
- Checking if a user can pay for the item or not
Trading Platform
This platform is built with GoLand and PostgreSQL and supports thousands of operations in a second. Besides that, the trading platform can also cooperate with a blockchain.
To keep data integrity in blockchain safe, DMarket is connected to an independent Exonum service that simultaneously operates with blockchain and trading platform. This storing service’s architecture grants over-the-top data integrity even if it’s completely disconnected from the trading platform.
Another distinctive feature of DMarket is the independent currency used for all transactions and commissions with game items on the platform. It’s called DMarket Coin.
Once registered, each platform member gets ERC-20 DMarket Token in the Ethereum network, but don’t confuse Tokens and Coins. On DMarket, tokens represent each game item with defined property rights (user’s or company’s) and unique symbol. This system allows to easily track every single item and its specifications on the trading platform.
Gods Unchained. What It’s All About?
Gods Unchained is the first decentralized free-to-play online collectible card game build around the Ethereum blockchain features. Unlike other card games, in Gods Unchained, each player can own a deck of cards and verify ownership using blockchain. This game also holds a remarkable success of $87 billion spent on in-game items in 2019.
Tradeable NFT Cards
Besides receiving ownership over in-game assets, players can trade cards on the official marketplace with slight restrictions. At the start of the game, each player receives a card booster with untradable common-tier cards to smoothly get into the game. All other rare-tier cards that can be traded with players can be easily received through gameplay or in-game purchases. All non-common cards are marked as non-fungible-tokens or NFTs (ERC-721), allowing users to trade them the way they want.
FLUX System
To control the market, developers implemented the FLUX system. This in-game system allows players to turn their cards in the actual Ethereum token since not all assets are tokens at the start of the game. FLUX can be earned through gameplay, which prevents bots from earning a ridiculous amount of Ethereum tokens and ruining the in-game market.
Wrapping Up
As you can see, Ethereum is very popular in the gaming industry since it allows developers to create decentralized platforms for games from all over the world. Blockchain development is a neverending process, and who knows, maybe in the near future, we’ll receive another revolutionary blockchain feature that’ll boost the gaming industry.
Author’s bio
Vitaly Kuprenko is a writer for Cleveroad. It’s a web and mobile app development company with headquarters in Ukraine. He enjoys writing about technology and digital marketing.
Two Solutions Blockchain Can Offer Your Business Today
If you’re here you may already be familiar with many of the benefits blockchain can bring to the world. From disrupting banks, providing immutable traceability and preventing fraud in a trust-less manner, there are numerous ways the blockchain can impact today’s systems employed by companies across the globe.
In the beginning, cryptocurrency set itself apart to disrupt every industry imaginable from banking, gaming, e-commerce, voting, logistics, etc. Now that things have settled down and the emerging technology has started to find its roots, the next step toward blockchain adoption has started to carve a space for itself in companies starting to offer Blockchain-as-a-service (BaaS). There are many immediate and tangible benefits companies can get by adopting blockchain solutions, the only thing these companies need is the assistance from blockchain experts.
Let’s talk Solutions
Here are two solutions businesses can get from blockchain right now.
- Reducing Tax Liability with Smart Contracts
If you’re a service that collects funds from one party and issues it to another, like a three-sided marketplace, then you’re likely familiar with the scenario where you have to take custody over some amount of funds and pay them out to the appropriate party in-order to settle the transaction that takes place between them.
Using Shutterstock as a real example, third parties use this platform to look for digital photos, videos or music to license and use in promoting their own business. These digital files are licensed by the content creators who upload them to the platform, and Shutterstock stands in the middle as the curator and custodian. When a middleman such as Shutterstock is to pay out proceeds to the content creator, that means at some point they were required to hold the funds in total, then pay out a cut to the content creator as well as keep the fees for themselves.
This is a pretty standard scenario, but what happens from an accounting side is that the company is taxed on the gross revenue for the purchase of a license, rather than just the net proceeds they received. What blockchain and smart contracts can do to alleviate that is remove Shutterstock’s need to be a custodian in the middle and programmatically release the appropriate amount of funds to both the content creator and the fees to be collected to Shutterstock, directly.
- Reducing International Fees
Continuing the example with Shutterstock, imagine the hassle, fees and overhead required to pay their customers internationally to their own respective currencies. Blockchain makes that much simpler by the use of any popular stable coin such as Carbon, or Tether that is pegged to the US dollar. This eliminates the need for the company to maintain the same tax compliance for the country for international contractors that’s required by converting the currency to their own native FIAT.
With the stable coin paid out directly to the user’s wallets, they are free to exchange that into their currency of choice, or the company may choose to work with exchanges and build that into their payout flow using smart contracts to automatically handle that for their users and provide a completely seamless user experience.
Many of the solutions we discussed above require user adoption on the blockchain and an ORE ID service is valuable.
The major hurdle for both scenarios is that all parties are required to have access to the blockchain. This is where ORE ID steps in and eliminates the complicated process that a user must go through to setup and maintain their own blockchain accounts and keys, download a third party wallet to manage their keys and manage and blockchain resources for their accounts. With an ORE ID it’s as easy as logging into your existing Google, Facebook, any other social OAuth account or typical email sign up, and your user has their own individual blockchain account.