Tech Dev Now Blog

If you're fascinated by Blockchain-related issues you may have heard the rumors that Blockchain could do to financial systems the way that the Internet did to the Media. The idea was originally presented in an article by Harvard Business Review magazine. Could Blockchain revolutionize the financial industry with a storm? The excitement of fintech-focused investors demonstrates that Blockchain is not just a trendy trend. We should expect more clarity about this within the next few years because Blockchain and its various layers as with the Internet will require time to revolutionize the global financial systems the way we all hope for. The financial system in place today is complicated, and that complexity increases the risk. Fintech thinkers believe that allowing financial services to be incorporated into a public blockchain that an intermediary or central bank is not regulating can lessen the risks inherent in our current system of financial transactions. In essence, they want...

Solana was introduced by Anatoly Yankovenko in 2017 in an effort to solve scaling problems in existing blockchains. Solana is capable of processing up to 71,000.00 transactions per second using a standard gigabit connection, as long as transactions don't exceed 176 bytes. With its great capabilities and innovative features, Solana emerges as the fastest-growing platform. The platform is designed to encourage growth and frequency-oriented decentralized applications. This is essential for setting up a permissionless banking system. Solana blockchain boasts over 400 projects, including Web3, DeFi, NFTs, and others. Solana's proof-of–history consensus is a first step in achieving high speed and scalability. It has a strong position among the most performant blockchains. Solana is constantly expanding and adding new projects. What is Solana exactly? Solana is an open-source decentralized blockchain ecosystem. It was created to address the congestion issues and scalability is...

Flow, a highly-performant, decentralized Blockchain, has been designed to support next-generation games, apps, and other digital assets. Flow, a developer-centric Blockchain uses multi-role architecture models. This makes it ideal for extensive scaling and without sharding. Flow is very popular with people who interact with NFTs, such as in-game items and crypto-infused gaming. The history behind Flow can be traced back to 2017 when Dapper Labs launched CryptoKitties, a Blockchain game on Ethereum. CryptoKitties allowed users to collect, breed, and buy digital cats. Cryptokitties became hugely popular and slowed down Ethereum transactions. This led to increased gas fees for solving such problems. Dapper Labs created a Blockchain dedicated to crypto games and collectibles. This helped overcome network congestion and slow speeds as well as costly transactions. Crypto kitties provided the platform for the development and launch of Flow which allowed trading in gaming collectibles, as we...

Different sectors/industries have started to use blockchain in order to decentralize their operations. Different consensus mechanisms are used to regulate the network's security and scaling. Proof-of-Work or Proof-of-Stake, two consensus mechanisms that support blockchain's ability to maintain the history of transactions within a given blockchain platform, are both supported. dBFT is one of many consensus mechanisms that allows blockchains to be able to counter unreliable networks participants and build a smart market. NEO, the NEO Blockchain Platform is the alma-mater for dBFT. NEO using the dBFT protocol has emerged as the Chinese Ethereum network. Let's examine NEO, and the relationship it has with dBFT. What is Neo Blockchain and how can it help you? Neo is a decentralized open-source blockchain platform, driven by a China-based community. Neo is a smart contract platform that allows developers to digitize or automate asset management. It also contains robust native...

The introduction of blockchain technology and bitcoin is the start of an entirely new era in electronic payment. There are over 6000 cryptos that have all paved the way for an innovative electronic payment system that works on a distributed network without intermediaries. Due to their unique capabilities and their permissionless nature, cryptocurrencies are proving extremely popular in a variety of sectors, such as healthcare, finance, retail and supply chain, and much more. However, the use of cryptocurrency within the world of payment has been hampered by the volatility of cryptocurrencies. In this context blockchain, advocates continue to propose a more effective method to deal with the current problems. One of the most popular approaches is to use Stablecoins tied to the worth of the asset that is used as an underlying which is typically US dollars. Stablecoins are comparatively new. Therefore, the majority of people are at a loss about the concept. What is Stablecoin? A Stablecoin...

Companies and organizations need an official document or contract to establish the rules for trading and interaction. Traditional contracts were popular in the early days. Traditional contracts were written in only a human-readable language making them susceptible to fraud and ambiguity. To reduce the risk of traditional contracts smart contracts were created. Smart contracts are digital contracts that are indestructible and provide precise rules for trading with no biases. They can be read by machines and rely on blockchain technology. Smart contracts involve both the parties equally sharing their due shares, as determined when trading, in accordance with the contract's rules through automated computer code. Although smart contracts are real-time, self-executing, independently verified cost-saving, third-party free, tamper-proof and secure, and decentralized, they are also inaccurate but they do not have the ability to be read by humans. Today, businesses and traders are increas...

 NFTs have been making headlines due to creating new opportunities in various applications. What is getting the most attention is the way NFTs transform the gaming industry. The gaming market is one of the largest commercial markets around the globe. What is its size? It's best to imagine it in Billions in 2028. By 2028, the world gaming market is expected to be $545.98 billion. The astronomical growth year-on-year in revenues proves the popularity of gaming is booming all over the world. This demand, this craze all depends on the creation of innovative experiences. Sure, gamers aren't satisfied with what they have and are always triggering the need to enhance the gaming experience by incorporating new modes of play beyond traditional games. In this sense gaming, NFTs have the potential to be an exciting way to expand the range and use of on-field and digital sports by introducing the idea of earning money by playing. NFTs, as a unique representation of assets in games, are wor...

Smart contracts have been an integral component of digital transactions, which has helped to increase the use of Blockchain and its prospects. Businesses are making a transition from their conventional procedures to automatization by incorporating smart contracts. Automated execution, improved processes, no use of an intermediary, and better compliance smart contracts have many advantages. But, the absence of an effective process for managing smart contracts makes smart contract implementation difficult and complicated for companies in particular, given the increasing amount of smart contracts being deployed across different organizational processes. Smart contract managers enable participants to efficiently manage smart contracts once they have reached the mature stage of Blockchain implementation in companies. Smart contract management tools simplify the challenges that can arise when managing smart contracts between multiple participants and sharing IT between more than two entities...

Blockchain technology is constantly changing and has seen significant changes in the past few years since Satoshi Nakamoto launched the initial cryptocurrency called Bitcoin worldwide. Bitcoin brought blockchain technology to the forefront. Since then, numerous Blockchain platforms were created. Each blockchain comes with its own unique characteristics and functions to bridge the gap between blockchain technology and practical applications. Despite the many advantages of blockchain technology like its decentralized nature and the inexpensiveness in records, its distributed ledgers, and smart contract technology, one big obstacle is still preventing the widespread adoption of blockchain, and that is the inability to interoperate. While public blockchains provide the transparency of data stored on the blockchain Their siloed structure limits the broad use of blockchains in decentralized finance and other sectors. Blockchains are a unique technology that many users want to combine. Howe...

NFTs have made their way into music, finance, travel, and art, as well as social media. There are a variety of NFT -based platforms on the marketplace today, which focus heavily on the field of social media. Through Social media's NFT marketplace influencers and social media account holders have the opportunity to convert the content they create into NFTs. NFT for social networks monetizes this social platform by, removing the middlemen's expense, and offers an opportunity to trade videos reels, images GIFs, and other content from social media. Marketplace for social networks also offers auction listings as well as governance and regulation mechanisms. appealing rewards for bidders, buyers, and fans of the artists increasing the value of NFTs for social media. Therefore, NFT for social networking changes the face of social media by making money in a decentralized and secure way. What is a Social Media NFT Marketplace? Social Media NFT Marketplace is an online platform tha...

Blockchain is revolutionizing the world in a distinctive manner. It can help governments, businesses as well as other organizations manage their workflows and improve their systems with superior solutions. It is changing the way we manage, store and make use of data to help us better manage the endless technology advancement. Additionally, it has an effect on other aspects of technology, for instance, the way we establish trust in networks. There are a variety of methods for controlling the blockchain, including private or public, consortium and hybrid. The hybrid blockchain brings together the advantages of public and private blockchains. Instead of having to change their goals because of technological limitations, it gives companies greater control over the goals they wish to accomplish. The hybrid blockchain can be described as one that blends the most beneficial attributes of both public and private blockchain systems. In the ideal situation, the hybrid blockchain will offer both...

When Bitcoin was first introduced at the time of 2008 brought with it Blockchain technology. From then on, the development of Blockchain has been awe-inspiring. When the first-gen blockchain Bitcoin could only power transactions using cryptocurrency, the second-gen newcomer Ethereum set the bar higher by the introduction of Smart Contracts, dApps, and DeFi. With Ethereum we saw the ways in which Blockchain can power enterprise-grade applications and take over the role of intermediaries by empowering users to make decisions. However, scalability was among the biggest weaknesses of both second and first-gen Blockchain. In addition, the absence of interoperability is a major reason for the limitation of application for Blockchain within the actual world. Are we able to find an answer to this problem? In this regard, we'll look at Cardano. The founders of the company have described it as a blockchain of the third generation since it was designed to overcome the shortcomings of the pr...