When you are in the process ofNFT marketplace development, you need to keep a few things in your mind to make sure it is efficient. As it is a competitive field, it is necessary to add features that will make you stand out from the others. By including the features listed below in your trading platform, you could easily pull a potential crowd.
NFTs are creating record-breaking history in the digital world through their presence. The zeal over NFT assets is the striking force that is drawing individuals to buy NFTs. Reports straight from Dapp Radar states that the NFT sales volume reached an upvote in the year 2021. The recorded sales volume of NFTs is $24.9 billion in 2021, whereas, in 2020, it was just $94.9 million.
Are you battling with the ideas for developing your enduring NFT marketplace? Our NFT marketplace on BSC will be a great choice for you to kick-start your NFT venture. By opting for our solution, you will be entitled to numerous perks and incentives.
NFT marketplace development is one thing that will make you stand out in the digital world right now. An NFT marketplace is a virtual forum that allows NFT enthusiasts to mint their Non-Fungible tokens and trade them. The exceptional quality of this platform is that it is built exclusively for the trade of virtual collectibles. A few of the mostefficient NFT marketplacesyou could look up as examples are as follows.
Decentraland is the first-ever virtual 3D World that enables its users to create, explore, and trade on-chain assets. Decentraland has its own native token MANA. This is used to sell or buy lands, real estate, wearables, etc. Wondering about building a virtual world like Decentraland? This is possible with the pre-fabricated Decentraland clone which encompasses all the features of decentraland. Let's discuss the top use-cases of the Decentraland clone.
Application Development
The users can create innovative apps and 3D content with the help of decentraland scripting language.
3D Model Creation
The landowners can create 3D models and set up them on their land or real estate. It can be used to conduct virtual events.
Digital Collectibles
The users can trade numerous digital collectibles like lands, estates, and avatar wearables for a massive price.
Advertising
Advertising is one of the top marketing strategies. The landowners can advertise their brands to the community by setting up billboards.
Gaming
The landowners can create interesting games and invite other community members to their games and earn more rewards.
Decentraland is likely to have a bright future since its native token MANA. It has been acclaimed as the best performing token past year. Capitalize more by creating your own virtual world like decentraland and gain an immersive experience.
Caduceus, the worldâs first blockchain protocol designed to provide the building blocks of the metaverse, announces the successful completion of their first hackathon â and announces they will launch their second on Sunday, March 27.
Caduceus is the metaverse blockchain protocol with Decentralised Rendering and Edge Cloud Computing which will provide the essential infrastructure layer of web3.
The first hackathon has now been completed and no exploits of the RPC Caduceus blockchain API were found. Some minor infrastructure security issues were discovered by two Cadets â members of the Caduceus community who are working with the development team to build the tools that will enable the dreams of the metaverse to become the realities of many.
Co-Founder and Head of Technology & Development, Matt McGuire, says: âWeâre delighted to see how the Cadets responded to our call out to join us in the first hackathon and now weâre looking for a deeper exploration and penetration of the blockchain tech and tools.â
âFor that reason, we are looking to engage a wider audience with even deeper technical skills to tackle and hack wider parts of the blockchain technical setup and infrastructure. Weâre asking developers to investigate and hack the blockchain system and functions â to focus on exploiting the Caduceus RPC server for system vulnerabilities and Web3 JSON RPC APIs, and also allow complete API scope to find exploitations.â
Caduceus is developing a suite of developer toolkits and hardware solutions that create a rich environment for metaverse development enabling the building, financing, and cross-chain portability of 3D worlds and digital assets from metaverse to metaverse â all from a decentralized, fully modular, open access blockchain with lower transaction costs, higher speeds, and greater security than any other public blockchain.
âCaduceus will become a place to meet, play, create, transact and participate in everything the metaverse has to offer,â continues McGuire. âWe are proud to offer this opportunity for Cadets to get involved who share our vision of creating the tools today to build tomorrowâs virtual world.â
About Caduceus
Caduceus is the home of the future, the provider of the building blocks of the metaverse, and the enabler of the digital world where the dreams of science fiction become the realities of many.
Caduceus is an infrastructure-level open blockchain platform specially built for the metaverse and the decentralized digital world. Caduceus utilizes decentralized Rendering and Edge Computing along with XR extended-reality technology to bring developers, creators, and users an unrivaled metaverse experience.
Founded and developed by a group of international investors and blockchain experts, Caduceus has brought together a range of talent to oversee this ambitious project.
When it comes to developing an NFT marketplace, there are several ways out there to develop them. The cost of developing a marketplace is decided based on various factors, including technologies and features. Opting for awhite-label NFT marketplace developmentwill be cost-effective. Contact us now to grab our white-label solution!
Decentralized finance has grown into an ecosystem that is worth hundreds of billions with its advancement in finance. Defi operations are not managed by centralized institutions, since this could limit the speed of the transactions and transparency. As defi runs on the Ethereum blockchain, it ensures 100% data security. Anyone who has an internet connection can participate in defi and trade, lend, borrow, stake funds with the help of smart contracts.
Defi has opened up a new space for those who wish to make uplift their traditional finance with the newfangled finance system. Furnish your finance by availingdefi development servicesand make immense profits.
NFT marketplace development encourages budding entrepreneurs to come up with their NFT venture in the market. Are you looking for the best options to start your NFT venture? We offer apre-built OpenSea clonewith ready-made features and functionalities that will come in pace with the operations. The platform will let the digital creators and collectors come together for trading their NFTs. Some of the important characteristics are as follows,
The Non-fungible token has taken the world by storm, revolutionizing many sectors. Significantly, it has redefined the music industry. However, the NFT trading volume has been rising and reached $44.2 billion in 2021. Most probably, the NFT market cap would reach $80 billion by the end of 2025. Do you want to capitalize on the wonderful opportunities? Forge ahead with NFT Music Marketplace Development. Why wait? We are one step away from providing the marketplace development solution personalized to you with required tweaks. Undoubtedly, the choice of the blockchain network is yours.
At AppDupe, we offer world-class services for all your demands related to NFTs. We are pioneers in blockchain and NFT development services and have also been instrumental in helping entrepreneurs commence their NFT ventures successfully. Would you like to know more about theNFT marketplace development solution? Hereâs why you should opt for our services,
An NFT marketplace like OpenSea is witnessing a never-seen-before potential growth in recent times as the craze of non-fungible tokens keeps on ascending. However, budding entrepreneurs are up with the idea of launching a similar marketplace. Knowing this, many companies and agencies are delivering the OpenSea Clone. Curating these, INORU is one such blockchain & NFT development company preferring the OpenSea Clone script housing significant features, readily available for tweaks.
When it comes to NFT marketplace development, the choice of a blockchain network to be built on would be chosen as per individual business requirements and expectations. A few of the blockchain networks that could be chosen are Ethereum, Solana, Polkadot, Binance Smart Chain, TRON, Tezos, Flow, and Cardano. And, the list continues as the choice will be completely yours.
NFT marketplace Development is quite time-consuming when you start from the base. However, the steps involved are analyzing the market, picking your target audience, getting an efficient blockchain network, hiring a team of technical experts for front and back end development, and examining once before deploying. When considering the development, you donât have to start from scratch, you can go with the white-labelNFT marketplace solutionsto fast forward the launch.
White-label solutions are the easiest and quickest way to create a trading platform for virtual collectibles. You can customize and develop it as you please, with a team of software engineers. All you need to do is choose the most efficient and reputableNFT marketplace Development companyto get your pre-built clone script.
OpenSea Clone is a tailor-made NFT trading solution, enabling entrepreneurs to launch their NFT marketplace, providing a digital space for NFT enthusiasts or traders to trade digital assets and collectibles. It is operated on the Ethereum blockchain network and equipped with indispensable features like Storefront, Advanced Filters, Search Bar, Digital Wallet Integration, Assets Listing, Bid & Buy, etc. This ready-made solution is perfectly customized for individual business expectations as one could step into the NFT space within the quickest possible time.
Launching an NFT marketplace right from scratch is something that is quite long in the process. Instead, you can opt to launch anOpenSea clone, a ready-made NFT marketplace solution. With this white label marketplace solution, you can aim at launching your venture successfully in the market. Contact us quickly to grab the solution!
NFT Art marketplace Developmenthas grabbed its unique place in the crypto market and has turned into a billion-dollar revenue business. So converting any digital or physical art into NFTs can be more advantageous than any other digital assets like music tracks, gaming accessories, and so on.
For instance,NFT Marketplace Like Art Blockshas 13,000+ unique configurable artworks on the Ethereum blockchain, where the assets are listed for the selling process. If you are a crypto enthusiast and want to hit the floor of NFT Marketplace for Artists, reach a well-versed blockchain developer.
Multi-chain NFT platforms are the recent trend in the market where extensive entrepreneurs are focusing on building their businesses. Are you interested in developing a similar NFT platform? AppDupe has expertise in multi-chain NFT platform development services for entrepreneurs like you to start out their venture. You can reach us tobuild your multi-chain NFT platform.
The emerging trends of NFTs are unfurling the curtains for entrepreneurs like you to venture into the NFT space. AppDupe is a leading NFT marketplace development company with expertise in providing white-label solutions. You are never too late to start your venture, as you can contact us any time soon to start your venture!
Non-fungible tokens are making headlines all over the world. This immense growth of NFTs is the trump card with which you can enter into the NFT space. AppDupe offers an extensive OpenSea clone developed with pre-built features and functionalities. Make a visit to our official website to gather more information about our service.
Tokenization, DAO, Memecoin: The amount of new terms minted related to crypto is growing exponentially. Learn what they mean.
By 2021, the digital currency universe experienced accelerated growth, with many trends emerging and not-so-new ones going strong. We saw Bitcoin and cryptocurrencies dip into the mainstream as trends such as NFTs, Blockchain gaming, and the metaverse flourished, concepts that expanded to reach the global tech sphere.
However, this rapid technological evolution comes with a range of new terms that we are often unfamiliar with and can initially be complex to understand. This post presents a brief guide to some of the popular concepts that will likely shape the crypto space this 2022.
One of the best ever SciFi writers, Neal Stephenson, coined the term "Metaverse" inside a fantastic novel named SnowCrash, published in 1992. It refers to the convergence between physical and virtual worlds in an online space. This recent development leverages virtual reality headsets, augmented reality, and NFT to offer users virtual spaces for social interaction, commerce, entertainment, and other things.
While the concept has exploded following the renaming of Facebook to Meta, technologists are still trying to agree on the different versions of the metaverse and what it will entail in the future. Many people think that is the natural evolution of the Internet where 3D environments will replace today's websites, and digital assets will play a central role. Some financial experts predict that the metaverse will evolve into a multi-billion dollar industry.
2. NFT
NFT is a shorthand for non-fungible token. This notion refers to a non-exchangeable asset, such as a dollar, a Bitcoin, or a car tire. Instead, it is a scarce Blockchain-based digital asset comparable to a collectible or limited nature object, such as a baseball autographed by renowned athletes or a valuable work of art.
An NFT can represent any digital (or physical) object: a song, a photograph, a tweet, a video, a JPG, and even genetic code; the possibilities are almost endless. The critical thing to know is that this scarce token format works like a key that allows you to demonstrate ownership, but it is nothing more than a digital signature recorded on the Blockchain.
In this post, you can find some exciting considerations on this growing trend: How NFTs relate to intellectual property and its effects on creators.
The term tokenization refers to creating a digital token, specifically an NFT. People often use the concept to describe converting an object (physical or virtual) into a scarce digital asset on the Blockchain.
Tokenization can facilitate the registration, traceability, ownership, and certification of virtually any type of asset; it can be stocks, real estate, debt, bonds, copyrights, art, collectibles, and even food or agricultural and livestock products. This blockchain-enabled capability can also enable, for example, the fractional purchase of the property.
4. GameFi
GameFi is the abbreviation for "Game Finance." It is a concept that refers to the mixing of games and decentralized finance (DeFi). This development gained popularity in 2021 as video games such as Axie Infinity took the crypto-sphere storm.
The term is intrinsically related to DeFi, a decentralized version of Blockchain-based financial services. GameFi encompasses various developments, such as NFTs and DAOs, to allow players to earn money while playing games or interacting with other users online. NFTs are a crucial ingredient in GameFi, as it makes it possible for players to maintain ownership within the game and monetize their activities within that space.
5. Play-To-Earn
Play-To-Earn is the most popular game modality currently in the Blockchain gaming sphere. As its term implies ("Play-To-Earn"), the model allows players to earn money while having fun, primarily through NFTs and tokens native to the gaming platforms that users can lock in or dispose of as collateral to generate performance in a process widely known as staking. The various items in these games are tokenized, making it easy for users to exchange and trade them in online marketplaces, thus enabling profit generation.
Similar to the metaverse concept, the notion of Web 3.0, or simply Web 3, has also attracted widespread attention in recent months. The word refers to what might be the Internet's next stage, which promises to be a decentralized version of websites using blockchain tech.
In theory, in Web 3, technology giants such as Google, Amazon, and Facebook will no longer have control of data, allowing web users to enjoy greater autonomy, freedom, and security. In addition, this development promises to provide cybernauts with greater interconnection between different social networking platforms. However, industry experts are still trying to agree on building this evolved version of the web and its possible implications.
Some significant personalities in the technology sphere shared a heated discussion: Jack Dorsey and Elon Musk triggered a controversial dispute over Web3 on Twitter.
7. DAO
DAO is the acronym for Decentralized Autonomous Organization. DAOs are groups of people on the Internet that organize themselves through the power of smart contracts and Blockchain. The DAO rules are coded (programmed) on the Blockchain.
DAOs exercise governance through tokens that allow members (or token holders) to vote to decide aspects such as structure or the implementation of internal changes. More recently, with the explosion of DeFi, this form of decentralized organization has started to become popular.
Today, there are many types of DAOs, with different purposes. Some specialize in collective investment of art, physical and digital items, such as PleasrDAO, but there is everything, and even Elon Musk's brother has one.
8. Memecoin
Memecoins or meme tokens refer to the same thing: digital currencies whose image bases on a joke or literally on a meme. Dogecoin (DOGE) is based on the famous meme of the Japanese Shiba Inu puppy dog and is perhaps the most popular meme cryptocurrency on the market. DOGE, Launched in 2013, arose as a parody intended to make crypto more accessible to those less experienced.
In 2021 we saw an explosion of memecoins and a slew of dog-themed tokens take over cryptocurrency. Coins inspired by puppies, memes, and Elon Musk, such as Shiba Inu (SHIB), Dogelon Mars (ELON), Floki Inu (FLOKI), emerged and tried to capitalize on the sudden commercial success of DOGE. While they grew explosively, these assets have proven highly volatile; but the memecoins trend does not yet seem ready to leave the crypto sphere.
9. Altcoin
People wildly use Altcoins in the digital currency ecosystem, especially in trading. The term is an acronym for "alternative coins." It refers to any crypto coin other than Bitcoin. In this sense, Ethereum is the most crucial altcoin in the adoption and market capitalization ecosystem. Many community enthusiasts often use the term to refer to lesser coins relative to their ranking by market capitalization.
2021 was the altcoin's year. Beyond Bitcoin, the digital currency market experienced significant growth, with many altcoins posting yields and investment returns higher than the leading cryptocurrency.
10. DApps
DApp is a contraction for "Decentralized App." The term refers to software apps in Blockchain technology or peer-to-peer (P2P) networks. Due to their decentralized nature, nobody can control these apps, as with well-known apps such as Uber or Instagram need a central authority to operate.
While they are not new, dApps seem to be becoming especially popular amidst the attention that Internet evolution developments such as NFTs, Blockchain gaming, the metaverse, and Web3 are getting. In light of these developments, some enthusiasts anticipate that, in the future, most of the applications we use today - such as Twitter - will be decentralized.
The Metaverse is a virtual world that is parallel to the real world and interacts with the real world. Metaverse needs value transmission, and decentralized digital assets can circulate across platforms and separate from the content itself, and become more ârealâ. The emergence of NFT has given a very good economic mechanism. It equips Metaverse with economic stability and hence why the metaverse become so active after the rise of NFT.
However, the Metaverse is still a long way from maturity. It is mainly because most of the projects that currently running within the Metaverse space are still in the so called technology-accumulation-period. This includes gaming immersion, stability improvement, and due to the limitations of interactive technologies such as AR/VR/full-body tracking/full-body sensing. The integration is so limited cross all platform and technology is not strong enough to support a huge online user group. The terminal computing power also requires improvement. In addition to technical limitation we are facing, the infrastructure is also imperfect.
The shortfall of cross boarder technology infrastructure communication shackles the development of the meta universe. In summary, the current Metaverse progression is largely depending on the technology development, both software and hardware.
This is also the reason why we have developed the Caduceus chain in the past two years. We hope to redesign a public chain that is friendly to creators and developers around the world and for tens of thousands of Metaverse enthusiasts globally.
The Caduceus team is composed of excellent researchers and experienced engineers. We have worked together in the blockchain field for many years, so we are able to define a new solution for the blockchain architecture. The Caduceus team believes that blockchain technology will profoundly change almost every field. In the exploration of Metaverse, we started from the infrastructure and created a new infrastructure platform with high performance, high credibility and high security â Caduceus is designed for Metaverse and the decentralized digital world.
Metaverse is not limited to one single virtual world that is parallel to world we are living today and instead, it can be multiple Metaverses that are existing at the same time. The multi Metaverses will eventually interconnected and create a new Multi-verse system that adopts one social protocol and economic protocol. In order to ensure the diversity of the Metaverse and to change the interaction methods of all metaverse participants, we created the Caduceus Metaverse Protocol to provide the Metaverse with many necessary infrastructures, including:
· Providing the metaverse with fund security, NFT asset security, user privacy security, trusted transactions, automatic settlement, Token ecological incentives, DAO user autonomy through a high-speed, scalable blockchain network.
· Caduceus provides decentralized cloud computing support for the metaverse through a massive distributed IPFS storage/GPU cloud rendering/SWAN custom network.
· Caduceus provides the metaverse with a blossoming device ecology through the advanced XR Glass open-source hardware solution,lowering the hardware threshold and increasing device penetration.
· It seamlessly connects blockchain with UE and U3D engines through SDK and art standards, providing interfaces and tools for NFT art creators and application developers of the metaverse.
· It will enhance user experience and lower user threshold through a 3D OS UI system, providing a user interaction portal for the metaverse.
· Through User Identity Infrastructure Module, it transmit the user engaging experience from traditional web base user to the blockchain world. It also provides everyone with a secure, highly privacy User-Identification System to be able to enjoy new social media, chatting, online shopping and gaming.
Caduceus is specifically designed for participants in the Metaverse. It helps minimizing the obstacles to adopting new technologies. This also makes Caduceus more friendly to developers. Caduceus will do its best to enable Metaverse developers to achieve the goal of unlimited innovation with our most cutting-edge Metaverse applications.
Studies have shown that the average person in the UK spends 34 years watching screens (including televisions, computers, mobile phones, etc.), while the figure in the United States is 44 years. Cleary, life in the virtual world has become a large part of our day to day life. Users can use their virtual identities to interact, trade, entertain, and so many other activity in the virtual world. However, because the current virtual reality technology is still in its growth stage, the immersion and whole-body interaction are not strong enough. In the core development of the Metaverse, virtual reality technology plays a key part. It will assist reducing the confusion between virtual and reality. Caduceus will take advantage of XRâs technology to bring a elite Metaverse experience to our users. The ultimate immersive experience will enable users to complete various social and spiritual activities, such as social interaction, entertainment, creation, display, education, and business trading.
In Caduceusâ vision, the Metaverse is the boundary of the Internet and the second life of mankind. It provides us with a new platform, a new identity, a new personality, and a new outlook. The blockchain and digital assets give real value to Metaverse. The development of Metaverse proves that human civilization can exist in the virtual world, which in turn demonstrates the development trend of human civilization.
Caduceusâ Testnet will be launched soon. By then, you can personally participate in the Caduceus network test environment through our follow-up tasks and win high task rewards. We will also encourage all Metaverse fans to participate in the test with us and bring us more valuable opinions.
I hope to meet you all in Caduceus Metaverse with an ultimate experience!
What is the metaverse? Why the metaverse public blockchain Caduceus with unlimited potential?
In 2021, with the hot concept of the metaverse, more and more people know and start to pay attention to this concept. The short video contents of TikTok also begin to frequently appear metaverse terms and elements such as identity, social, low latency, diversity, anytime, anywhere, economic system and civilization. Now there is a big kind of network, meta-universe you donât even know? Do you still have the nerve to talk about the development of the world and the direction of human existence?
Of course, if some people still donât know what metaverse is, letâs popularize it first. MetaVerse comes from the word MetaVerse, which means beyond the universe. The word MetaVerse first came from the science fiction novel âSnow Crashâ, which describes a world where people interact with various software in a three-dimensional space with virtual images. People use digital virtual identities to compete with each other improve their status. It seems that the novel describes the scene as still ahead of its time in the future world. Others have explained the metaverse in a descending way â âa virtual world parallels to the real world and highly interoperableâ, with a fully functioning economy, in which data, digital goods, content, and IP can pass, and in which individual users, institutions, and companies can Individual users, organizations, and companies can create content and goods to ensure that the metaverse can continue to grow.
The six supporting technologies of the metaverse include blockchain technology, interactive technology, video game technology, artificial intelligence technology, network and computing technology and IoT technical, so it can be seen that digital technology is the primary means and support for the metaverse to establish a virtual space. At present, metaverse, which is in the very early stage of technology implementation, faces the embarrassing situation of polarized reputation. Supporters firmly believe that metaverse is the general trend of human technological development, and everything can be metaverse. In contrast, opponents believe that metaverse is full of speculation and bubbles, and most of the metaverse projects and products on the market are worthless.
In the process of human society, the commodity society is the most important and fastest progressing. From offline transactions in places to online transactions on the internet and even virtual transactions in the future, digital changes are gradually unstoppable. Imagine buying and selling a house, a car. How long does it take in the real world? A week or half a month? But in the metaverse, it may take less than a minute. Of course, the metaverse is still in the early stage of industry development, whether it is the underlying technology or the application scenario, there is still a big gap compared with the mature form in the future, and it will take an extremely long process to subvert the change from physical possession to virtual acquisition completely. However, this also means that there is enormous space for the expansion of metaverse-related industries.
In the crypto field, innovation and quality tracks mean low value. The concept of the metaverse and the demand for technology is highly compatible with the crypto field. Blockchain giants with multiple advantages want to hold the market. In contrast, crypto startups want to get a chance to bend and overtake the market, so they have come down to layout and even added to the metaverse track, and metaverse-type projects are springing up. According to the data previously released by Coingecko, the total market value of blockchainâs meta-universe section has now exceeded $2.139 billion, among which most projects choose to rely on ethereum development. But ethereum is perfect enough for the meta-universe?
The current status of the ethereum ecology is not perfect. With the rise of decentralized financial DeFi, NFT and chain tour, the block size limit, high gas fee, slow confirmation speed, and network bandwidth on ethereum are no longer enough to support the development of some projects. Not only that, the Ethernet network can no longer even host a decentralized application that can respond to a large number of user data requests on the chain quickly. On the other hand, the Layer 2 solution (Lauer 2) has not been the solution to the inefficient execution of Ether contracts. Just like the early internet that had no choice but to use terminals and text-based tools, today, blockchain has become a niche presence because of the lack of infrastructure that prevents many applications from being used by large-scale users. It is not realistic to pin all hopes on Ether and hope it can carry the meta-universe track on its own. At present, it seems that the wisest choice for the meta-universe way should be to gradually âescapeâ from Ether.
At this stage, other public chains have already proposed new structures and ideas to solve the blockchainâs usage problems and performance bottlenecks. As a new generation of distributed open-source blockchain platforms, it adopts the HashGraph consensus algorithm and has super high transaction processing speed, security, and maximum parallelism of transaction processing, with the peak transaction speed of a single chain reaching 100.000 transactions per second. It also implements EVM-compatible virtual machines and supports Solidity smart contracts and various development tools on EtherChip; it also has the functions of sub-account and sub-account authority management, GPU acceleration and voting dividends.
In addition to the underlying blockchain technology, Caduceus also has built-in game ecology, network arithmetic and virtual presentation boards, respectively, from value interaction, content bearing, data network transmission and immersion, to build a meta-universe through presentation fusion.
First of all, Caduceus technically provides a decentralized settlement platform and value transfer mechanism that can guarantee the value flow of the metaverse, protect the attribution of digital assets and guarantee the stability, efficiency and transparency of the economic system. The decentralized virtual assets can be transferred across platforms and away from the content itself, realizing the âdecontextualizationâ.
Technology provides interaction methods for the metaverse, and UHD and AR/VR devices have achieved continuous iterative upgrades. Caduceus has also laid out the development and production of virtual appliances to ensure that its chain users can have a better experience in the metaverse in the future.
As the moment of metaverse development in 2021, many people still canât imagine the value of metaverse or question its concept because it is too early. However, in the future of the digital world, the metaverse is a future worth exploring, and the emergence of Caduceus may further lay a solid foundation for the rapid development of metaverse.
The metaverse has been described as another significant change in human social civilization. With it, the concept of NFT has exploded because the consensus is that âNFT is the best entry point for the practical application of metaverse.â
I am speaking of the correlation between NFT and Ether. The current consensus is that there are only two kinds of NFT in the market, one is building on Ethereum, and the other is building on different blockchains. However, the recognition of NFT on other chains is not high at present, which means that if NFT is the entry point of the metaverse and a large number of NFT are issued on the Ethereum, then there is an excellent possibility that the bearing logic and the underlying layer of metaverse will be on the Ethereum blockchain in the future or on the Ethereum sidechain. And Ethereum has captured the explosive growth point of the whole NFT industry. It seems that Ether has a head start and only needs to wait for the right time.
Will Ethereum be the only one, and other public chains will have no chance?
In the past month, NFT has brought significant increment to ETH, and there are many hot NFT projects, just as ETH upgraded EIP-1559 and destroyed a lot of ETH fees in the process of grabbing NFT and issuing, which has significantly surpassed the head DeFi protocol, in this case, ETH captured the value of NFT.
It is easy to see that after the fame of the public chain of Ether, it is almost always the result of complementary capture to the new economic model because the final value of the public chain will only feedback to the price when the users get the real return in the economy. Even if other public chains are more vital than Ethereum in infrastructure construction, performance marking, and cross-chain interoperability, it is still hard to surpass Ethereum. Therefore, if you want to win in public chains, you can only start from the development logic, the ability of value, and the economic model to form a differentiated competitive advantage. So, how to quickly use the above benefits to stand out in the fierce market competition?
As we mentioned above, the main reason for the success of the Ethereum public chain is value capture. So, there is only one chance to overtake the competition: to capture the value of the metaverse before Ethereum âpicks the fruitâ! The metaverse concept is comprehensive and long-term, and it may be a significant change in human social civilization. Peopleâs communication and life may be carried out in the metaverse in the future. It can be said that whichever public chain can capture the value of the metaverse will become the âEthereum killerâ in the future.
The Caduceus is an infrastructure-level open blockchain platform specially built for metaverse and decentralized digital world, which aims to provide a highly adaptable and liberal construction foundation for the metaverse ecosystem, lower the threshold for participants to enter the metaverse, and at the same time, bring the market closer to the ideal state with its advantages in VR and other visual enhancement technologies. Bring a metaverse experience closer to the perfect condition for the market.
Caduceus provides creation tools that support 3D game materials/models and related NFT casting trading and splitting tools as a creative platform for metaverse applications. It also builds an open-source hardware and software platform that includes display terminals, computing centers, operating systems, and interfaces. Together with a complete set of XR algorithm package, it seamlessly connects with the Unity3D AR engine and other mainstream productivity tools. As much as possible, it allows metaverse developers to realize the freedom to innovate cutting-edge metaverse applications. It is also participant and developer-friendly. Participants can see virtual reality on the screen and participate directly in the virtual world and realize the creation and exchange of value in the real world.
In Caduceusâ understanding, the metaverse is also a second life for humans. It provides a new platform, a new identity, a new persona, a new worldview. Users can use their unique identities to interact in virtual worlds, use digital currency, play, work and perform actual activities in 3D virtual worlds, which will generate an unimaginable space of value.
Undoubtedly, capturing value plays a vital role in the ecological value growth process, and the major public chains have already started to accelerate the optimization of the environmental, economic model. Today, with little difference in the underlying technology, whoever has a more advanced development model will likely capture users, resources, and developers in the market faster. At the same time, it can also strongly confront other public chains and even overtake Ethereum to become the âking of public chains.â
Facebook is no stranger to data breaches and leaks, having been the victim of many high-profile security breaches in recent years. For example, the social media giant announced in 2018 that it had unwittingly leaked the sensitive information of more than 50 million people due to a minor flaw in its platform code, allowing miscreants to obtain access to its users' accounts.
Similarly, in 2020, the Mark Zuckerberg-led company was engulfed in yet another huge crisis when it was revealed that thousands of developers had been able to manipulate data from inactive platform users, enraged many people around the world.
Still, in 2021, the tech giant has been struck by a new round of data leaks; but, this time, the number of users whose records were leaked was not 50 million, but a mind-boggling 500 million. On April 3, Alon Gal, chief technical officer of security firm Hudson Rock, announced that confidential personal information for over 500,000 Facebook users had been posted on a prominent hacking website.
To be more precise, the data include the phone numbers, full names, locations, birthdates, bios, and, in some cases, email addresses of over 553 million users spread across 100 countries. Not just that, but it seems that 32 million of the above-mentioned users are from the United States, while 11 million are from the United Kingdom.
Eventually, the data that is now circulating online has the potential to endanger the savings of millions of digital currency traders and holders, who may now be vulnerable to SIM swapping and other identity-based attacks that have occurred in recent years.
How BitCherry could solve the data leak problem?
BitCherry constructs the network protocol of P2Plus in the physical layer through the technology of IPv8. The P2Plus network protocol adopts the point-to-point high-strength private key encryption technology. Only the receiving node can decrypt the transmission content after encryption, which ensures the confidentiality of the transmission content and the privacy of the node. The operation of the whole node is attached to the structure of hashgraph, which can ensure the decentralization without heavy workload proof. At the same time, it can realize the point-to-point encryption of information and ensure the privacy and security of user data in the interaction process.
Also based on aBFT consensus algorithm, BitCherryâs nodes are attached on HashGraph, introduce the expansion mechanism as lateral and longitudinal side chain is in the underlying architecture design, which makes it possible to obtain the computational resources and any extension service processing capabilities are scalable across processor cores and networks. The consensus nodes of the entire network can be expanded to more than 100K, and the nodes participating in the consensus of each transaction can be controlled within a few hundred. While ensuring high efficiency and stability, it also ensures decentralization, TPS will be over 100,000.
In addition, it will also run with more or less underlying IP network layer and the data link layer, which means that BitCherry can achieve private high-speed P2P communication between any two devices worldwide, cross-network, firewall, network wall. And in its application layer, BitCherry can achieve decentralized Domain Name Service DNS +, decentralized Web services HTTP + and other decentralized application services. The use of point to point encrypted communications and signature authorization mechanisms, P2P + agreement could prevent DNS attacks, DDOS attacks, and more effectively ensure node privacy and security.
In conclusion, BitCherry will break the shackles of practical business application for the purpose of highly integrated Internet experience and for the evolution of information technology. It will also carry out integrated innovation of technology from the blockchain systems engineering point of view. Because of that, BitCherry let me see a promising future of a secure internet world.
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BitCherry, the world's first scalable blockchain infrastructure based on IPv8 technology to serve distributed commerce. BitCherry, as a distributed commercial public blockchain project, is committed to building an IPv8 blockchain infrastructure that can serve all types of businesses. The hashgraph improved by relational graphs can achieve highly scalable data architecture. It provides operation mechanisms such as smart contract and cross chain consensus and has the ability to quickly build upper-level apps, which can meet various types of business application scenarios. Furthermore, it also provides high-performance, high security and high availability public blockchain support for distributed business applications. BitCherry shows itself within blockchain trend, continues iterative evolution technically, to solve the problem through a rich application scenario for developers and users, while keep prosperity on the supply and demand sides, BitCherry will also compete in the public chain.
Focusing on Technological Innovation and Technological Advantages Will Continue to Be Remarkable.
One of BitCherryâs visions is to focus on technology leadership. Based on this background, BitCherry has made more breakthroughs in technology, specifically reflected in the new blockchain network protocol, HashGraph data structure and full stack development tools. Therefore, BitCherryâs main technical advantages are high performance, scalability, and privacy security.
The horizontal comparison of representative public chains, Ethereum "go ethereum" as the main blockchain library, and "solidity" as the smart contract platform. With the continuous release of new versions and bug repair, the main network runs stable, but it still faces the problems of insufficient scalability and insufficient efficiency. The consensus mechanism of Neo is DBFT, which generates a block in every 20 seconds. In theory, their TPS transaction can reach about 1000 TPS. It has a certain fault tolerance capability for providing nodes, including security and availability, and is suitable for any network environment. However, with the launching of Ontology, the issues of high-level centralization and lag of development causing NEO node network are suffer from dispute. Lisk has many followers, the developer community is very active, the code submission and version iteration are excellent, but its block browser lacks the disclosure of token assets and related DAPP and other important information on the blockchain. BitCherryâs technical advantages are embodied in that it ensures efficiency, security and stability while decentralizing. It can not only obtain business opportunities from a huge user group, but also ensure the privacy and security of users.
At present, BitCherryâs technological advantages cannot be underestimated. In the future, BitCherry will not replace or exclude on other competitors. Instead, it is about embracing the advantage and filling up the shortcomings. It will continue to achieve technological innovation with an open and inclusive vision, laying a solid foundation for technological innovation and the provision of solutions for openers and users.
The ecological layout has a bright future. Building a complete ecological closed loop BitCherry actively layout the incubation of blockchain applications, establish an ecological incubation fund, and build a complete ecological closed loop of technology development, application promotion and trading. BitCherryâs future ecology will be the parallel promotion of DeFi, NFT, games and other fields. After the mainnet goes live, it will gradually build up a diversified ecosystem of subdivided fields. BitCherry Distributed Ecology can be seen by comparing with Ethereum, Polkadot Ecosystem, Cosmos and EOS Ecology. Currently, Ethereum has a complete DAPP and DeFi ecology, and the applications built on it are all inclusive. But the disadvantage is that the gas fee is too high for most people to experience. On the other hand, Cosmos mainly focuses on DeFi and decentralized exchanges, but it is difficult to form a complete ecology for public blockchains made with cosmos sdk technology in the future. Polkadot Ecosystem has a public blockchain with complete DeFi scenes, which has certain competitiveness, but the development speed is slow, and many projects are still in the state of testnet. Although DAPP is widely used in EOS Ecology, but it has been plagued by the problems of account resources and centralization.
In terms of the current development stage, BitCherry will provide more incentives and support for ecological projects in the future. By providing technology, funds and resources, BitCherry will hugely promote the construction of ecological system and have greater market potential and development space.
Straight to The Shortcomings of Development Process and Solve the Three Major Problems Summarizing the product development process, we can see the following three shortcomings: 1. High development cost 2. The cost of getting customers is high (the user's threshold is high) 3. The performance of public chain does not meet the processing speed (throughput, TPS) and scalability of project operation. BitCherry with its own technical advantages and ecological advantages, gives a creative solution.
First of all, BitCherry uses EVM to provide secure execution link for bytecode of smart contract and supports multi language development of smart contract. At the same time, it is Ethereum Compatible and able to achieve one click migration, which greatly reduces the development cost of developers. Secondly, BitCherry has a large number of users all over the world. BitCherry developers can easily promote their DAPP to BitCherry users. At the same time, BitCherry will cooperate with some enterprises with marketing background to solve the problem of customer acquisition. Finally, in BitCherry system, multichain structure, physical fragmentation technology and cross chain technology can achieve the best of asset flow, information exchange and value interconnection between different blockchain platforms, which is similar to the high-speed channel between different public chains. It can also realize data transmission between different blockchain networks and greatly reduce the transmission cost.
The Explosive Growth of Community and The Acceleration of Global Business BitCherry, as a growth project, actively deploys community ecology, and the community has achieved explosive growth in less than two years. The global community has more than 1 million fans. The precipitation of nearly one million members is inseparable from the attraction of technological force. At present, BitCherryâs main communities are distributed in the United States, Russia, China, France, Germany, Japan, Australia, Turkey, Arabia, Dubai, Singapore, Philippines, Vietnam, Nigeria, and other countries in the world. Relying on the deep technical service background, BitCherry has more than 200 staff development enthusiasts, and these data are still growing. Its contract asset BCHC also relies on BitCherryâs wide application and clear appreciation logic, with covering most of the head exchanges, there are more than 200000 users. In the future, BitCherry project will continue to grow and receive more and more attentions . BitCherryâs focus on technological innovation will continue to consolidate the ecological foundation, improve its position in blockchain industry, and continue to take the lead in the industry with confidence. Paying attention to the shortcomings of the industry, striving to solve practical problems and breaking barriers will provide inexhaustible power for the development of technology application. In the future, BitCherry has greater practical value and broad application space, and BitCherry distributed ecology will continue to flourish.
After the BitCherry test network formally launched version v1.0.1 and v2.0.1 BitCherry test network on-line version of the official update, BitCherry distributed ecological fund was established, and invested 10 million US dollars for the development of environmental chain applications, competition, incubation, and investment.
At the same time open, BitCherry's "All Spark Plan" to develop more valuable, has the potential to blockchain business applications, enrich BitCherry distributed business ecosystem. Developer can deploy development on the BitCherry chain, run DApp; the registration project's operation has been assessed to give out the Top 10 "Super Spark" incubator reward.
BitCherry looks forward to a distributed business application development technology that has a bright future of cohesion, community, and ecological resources so that new technologies make up less than current commercial blockchain there is the underlying architecture to provide high performance, high security, high global commerce available underlying technical support and solutions. On the other side, "the fire source" also represents the diversity and ecological sustainability BitCherry's future.
Outstanding technical advantages provide strong technical support
The public chain generally encourages participants to compete for bookkeeping through the token mechanism. Therefore, the public chain project's value will be reflected in the token's worth, but the final deal will inevitably return to the technical matter. Thus, the judgment of the future development of the public chain requires technical evaluation of the project. Performance evaluation from well-chain technology, scalability, privacy, security, stability, and other dimensions, the advantages can be seen by BitCherry comparison technique mainly:
High Performance: The consensus nodes of the entire network are expanded to more than 100,000+, while the nodes participating in the consensus of each transaction are controlled within hundreds, and the TPS is stable to more than one million. Even if there are tens of thousands of BCHC transactions per second, it is still not. It will affect the security and stability BitCherry network. Bos said that TPS could reach more than one million, IRIS, Cosmos, and Polkadot said that TPS had reached thousands of levels, and ETH2.0 is currently claimed to reach 100,000 levels. The sharding technology has solved the block congestion problem caused by insufficient TPS to a certain extent. Therefore, BitCherry world's leading chain of public representation based on technological evolution will continue iteration.
Scalability: BitCherry aBFT asynchronous algorithm and relying on the longitudinal side chains + horizontal fragmentation expansion of design to solve congestion blocks, which means that phenomenal trendy application resource consumption do not affect other App on the chain. In contrast, DApps can only issue coins on Ethereum and cannot establish a blockchain. All DApp applications on Ethereum can only share one main chain, and BitCherry can support few application scenarios. Although EOS solves the scalability problem to a certain extent through the consensus algorithm, this mechanism will also cause the users who have a large number of tokens to generate blocks, creating a vicious circle of "The Gap between Rich and Poor."
Privacy Security: BitCherry run a full node attached to the structure HashGraph and does not require heavy workload proved ensure decentralized at the same time, can point to point encryption of information to protect the privacy of user data in the interactive process Safety. In contrast, AWS provides services for more than 25% of the world's applications on Ethereum, and the platform can easily collect user data, so users lose the right to choose their privacy.
Decentralized: BitCherry use sharding, side chain in Hash algorithm, while the longitudinal extension of the side chain consensus full network node, to achieve a fully decentralized network. Generally speaking, it is challenging to achieve complete decentralization, especially in the pursuit of higher performance. Therefore, most public chains can only be regarded as incomplete decentralization or even partial centralization. For example, the high degree of centralization of the NEO node network has been widely controversial, and the deficiencies of the Bos consensus also tend to be centralized.
Stability: After efficiency and security, stability is also one of its essential properties. The performance stability determines whether the public chain can produce blocks stably and whether it will be affected by malicious attacks. The average block generation time and average block generate stability will affect how long an operation in the DApp can be completed and the continued strength. At present, many times, an average chain well as IRIS, Cosmos, and the like Polkadot block efficiency was less than 10 seconds, BitCherry IPv8 protocol ensures that the block is more efficient.
Summary: The existing P2P protocols are well-chained in the Master IPv4 / IPv6 WAN end TCP transport layer. BitCherry IPv8 works within the protocols more underlying IP network layer and the data link layer, Achieved unprecedented technological innovation in the industry. BitCherry blockchain based on the underlying technology framework IPv8 created to help developers quickly create and customize their complete blockchain; BitCherry distributed ecological funds quality projects will be selected to provide technical support, so developers can more easily Develop a whole blockchain.
Test network upgrade highlights BitCherry test network an upgraded version of v1.0.1-BitCherry test network v2.0.1 version optimized consensus algorithm block synchronization and stability, added features verifier, the verifier punishment mechanism, users staking function, sub-account management functions, And the sub-currency of the ERC20 standard. Before BitCherry's main network formally launched, we will continue to test the network's iterative multi-stage delivery update function by a fixed stage. Next, BitCherry's focus will be based on BitCherry testnet v2.0.1, optimizing speed and data redundancy consensus algorithm, ongoing optimization in terms of infrastructure, system stability, security, etc. Besides, it will be iterated and improved in terms of cross-chain and IPFS modules.
BitCherry test network version v2.0.1 has achieved most of the functions of the main network. In Future, BitCherry technical team will continue to strive for excellence, perfection, and rich technical content, to provide a safe, stable and efficient development environment for developers to create user can serve all types of commercial, high-performance, high-security, high availability can be Expand the IPv8 blockchain infrastructure platform to provide lasting and fresh vitality for the distributed business ecosystem.
Special Ecological Support Fund of US $10 million
March 25, 2021, BitCherry established distributed ecological fund. The US$10 million invested by the fund is used to expand the environmental development of the chain, and provide ecological developers with funds, technology and operation promotion, and other diversified support. BitCherry distributed ecological quality projects selected for funding will provide financial aid or a team for setting a special incubator fund to provide start-up capital and the subsequent financing docking high-quality business projects. March 27, BitCherry officially launch the "Allspark plan," BitCherry Distributed Eco Fund also announced that it would be formally put into a special fund of 10 million dollars for the development of ecological projects, competitions, incubators, and investment. Which was rated as a "Super Spark" project, will have access to investment opportunities BitCherry distributed ecological fund.
BitCherry, deploying as a global chain system to build, can serve all commercial IPv8 blockchain infrastructure. Future, BitCherry will continue to prosper globally to achieve the overall ecological health of distributed electricity suppliers, autonomy, better development.
Great newsïžð BitCherry Official Launch the âAll Spark Planâ to set up a Special Ecological Support Fund of US $10 million, on 7 April. 19:00 (GMT+8), CEO of BitCherry â Paul will share the âAll Spark Planâ with a guest host â CEO of CRYPTO VN-Peter.
We will select the 5 best questions to answer, and reward them.
Rules: 1. The winners of the event will be informed via Twitter within 5 business days after the giveaway ends. 2. For each reward, one Twitter username can only participate once. 3. BitCherry reserves all rights to exercise at its sole discretion to define if the usersâ behavior is counted as cheating and determine whether to cancel the participation qualification of a user. The final decision made by BitCherry is with legal binding force to all participants.
On March 29, BitCherry officially launched the âAll Spark Planâ to cultivate more valuable and potential blockchain business applications and enrich BitCherryâs distributed business ecosystem. BitCherry Distributed Business Ecological Fund also announced that it will officially invest 10 million US dollars in the development, competition, incubation, and investment of ecological projects, and provide financial, technical, and operational promotion support for developers.
âSpark is the soul of Transformers, and AllSpark is the source and destination of Transformers.â BitCherry, as the worldâs first distributed business infrastructure based on IPv8, is determined to become the â AllSparkâ in the blockchain world, and the â AllSparkâ also represents the diversity and sustainability of BitCherryâs future ecology. BitCherry will enable the development of distributed business applications through cohesive technology, community, and ecological resources, activate â AllSparkâ one after another, and create a young, dynamic, and infinite possible blockchain world. In this â AllSpark Planâ, developers can deploy and run DAPP on BitCherry. We will evaluate top 10 according to the operation of the registered projects and give âSuper Sparkâ incubation reward.
â Registration Time: 29th March 2021 (GMT+8)
All projects rated as âSuper Sparkâ will have the opportunity to obtain at least one of the following interests:
ðInvestment opportunities of BitCherry Distributed Business Ecological Fund
ðResource support of BitCherry distributed Eco-commerce
ðBitCherry global marketing matrix resource tilt
In addition, BitCherry will provide financial support, technical support, dedicated strategy planning, resource support, team training and other comprehensive support for the selected Top 3 projects/teams. It includes:
â Financial Support: Provide special funds and follow-up financial assistant for the project.
â Technical Guidance: Help the project team to sort out the technical roadmap and all kinds of technical support.
â Resource Support: Provide resource support of giant projects in BitCherry business ecological alliance and accelerate the application and landing of incubation projects in an all-around way.
â Construct Content Matrix: Through the BitCherry global content matrix, we help the project carry out brand promotion, obtain users and establish a global community.
â Registration: Project developers are invited to visit the BitCherry website(www.bitcherry.io) Register or submit your application through the registration link below.
Scoring Rules: The âAllSpark Planâ will pay more attention to the construction of BitCherry ecological infrastructure, so the following track projects are more likely to get bonus points in the final scoring: DeFi applications, games, auction platform, distributed cloud computing, Oracle, derivatives trading, data services, etc.
Risk Warning:
1.BitCherry will only announce authorization, promotion, and other collaborations through the official social media platform. Developers and users should check carefully to avoid losses caused by false information.
2.All users and developers can participate in the test environment and subsequent stages of the BitCherry Chain for free, and there is no charging fee.
3.All users must distinguish the test environment from BitCherry Mainnet. The assets generated in the test environment do not have any value. Be aware of counterfeit currency fraud.
4.The official website is ( www.bitcherry.io ). Please be cautious with private key phishing.
5. All rights of the event are reserved by BitCherry.
BitCherry distributed ecological fund invested 10 million US dollars in developing the ecological chain applications, competition, incubation and investment, providing multi-faceted financial, technical and operational promotion for the developers on the ecological support.
The global awareness of the blockchain industry has increased, and the technology has entered a rapid development period. However, there are still many industry bottlenecks in the application and development of blockchain technology in various industries. Issues such as low performance, expensive resources, restricted applications on the chain, and limited development space have restricted the integration and development of the blockchain industry and physical commerce. With the BitCherry blockchain networkâs maturity, BitCherry generates new technology to complement the current lack of commercial blockchain underlying architecture and provides high performance, top security for the global commercial availability of the underlying technical support and solutions.
March 26, 2021, BitCherry announced the formal establishment of âBitCherry distributed ecological fundâ, which aims to train more valuable, blockchain business applications to improve BitCherry distributed business ecosystem. BitCherry distributed ecological fund invested 10 million US dollars in developing the ecological chain applications, competition, incubation and investment, providing multi-faceted financial, technical and operational promotion for the developers on the ecological support.
Benefits of joining BitCherry distributed business ecosystem
On the technical side, BitCherry block-based chain framework IPv8 underlying technology helped developers to create and customize their own complete blockchain, enabling developers from the complexities of the underlying technology, thus only need to focus on their own business logic, BitCherry distributed ecological fund also selected for quality projects/teams to provide financial support, technical support for the full range of support, fund, strategy development, resources, docking, team culture and so on. Including:
â Financial Support: set up a special incubation fund to provide start-up capital for high-quality entrepreneurial projects, and then carry out financing matching;
â Technical Guidance: help the blockchain entrepreneurial team to organize the technical roadmap, help on-chain projects and one-click migration of DApp, etc.;
â Resources Support: large-scale projects BitCherry business ecosystem league stops, comprehensive application acceleration and floor incubator project;
â Operation/Strategic Consulting: The senior operation team in the blockchain field shares experience in strategic operations, team building, business and legal consulting;
â Establish a Content Matrix: Establish a global content matrix to help entrepreneurial teams carry out brand promotion, attract users and build a global community.
ð BitCherry distributed ecological fund is welcome all outstanding / blockchain project to join our blockchain network. You can be:
1. Which has a complete blockchain project plan, looking for the right technology in ecology, team or individual teams or financial support;
2. Uses the BitCherry blockchain network to develop the project (Team or Individual);
3. Project on Ethereum network or other blockchain networks have confidence in BitCherry ecological (Team or Individual);
4. Those projects which develop on the BitCherry blockchain network will get priority incubation.
The global awareness of the blockchain industry has increased, and the technology has entered a rapid development period. However, there are still many industry bottlenecks in the application and development of blockchain technology in various industries. Issues such as low performance, expensive resources, restricted applications on the chain, and limited development space have restricted the integration and development of the blockchain industry and physical commerce. With the BitCherry blockchain network's maturity, BitCherry generates new technology to complement the current lack of commercial blockchain underlying architecture and provides high performance, top security for the global commercial availability of the underlying technical support and solutions.
March 26, 2021, BitCherry announced the formal establishment of âBitCherry distributed ecological fundâ, which aims to train more valuable, blockchain business applications to improve BitCherry distributed business ecosystem. BitCherry distributed ecological fund invested 10 million US dollars in developing the ecological chain applications, competition, incubation and investment, providing multi-faceted financial, technical and operational promotion for the developers on the ecological support.
[b]Benefits of joining BitCherry distributed business ecosystem[/b]
On the technical side, BitCherry block-based chain framework IPv8 underlying technology helped developers to create and customize their own complete blockchain, enabling developers from the complexities of the underlying technology, thus only need to focus on their own business logic, BitCherry distributed ecological fund also selected for quality projects/teams to provide financial support, technical support for the full range of support, fund, strategy development, resources, docking, team culture and so on. Including:
Financial Support: set up a special incubation fund to provide start-up capital for high-quality entrepreneurial projects, and then carry out financing matching;
Technical Guidance: help the blockchain entrepreneurial team to organize the technical roadmap, help on-chain projects and one-click migration of DApp, etc.;
Resources Support: large-scale projects BitCherry business ecosystem league stops, comprehensive application acceleration and floor incubator project;
Operation/Strategic Consulting: The senior operation team in the blockchain field shares experience in strategic operations, team building, business and legal consulting;
Establish a Content Matrix: Establish a global content matrix to help entrepreneurial teams carry out brand promotion, attract users and build a global community.
BitCherry distributed ecological fund is welcome all outstanding / blockchain project to join our blockchain network. You can be:
1. Which has a complete blockchain project plan, looking for the right technology in ecology, team or individual teams or financial support;
2. Uses the BitCherry blockchain network to develop the project (Team or Individual);
3. Project on Ethereum network or other blockchain networks have confidence in BitCherry ecological (Team or Individual);
4. Those projects which develop on the BitCherry blockchain network will get priority incubation.
High Ethereum gas prices make it impossible for ERC-20 projects to run any microtransaction payments on Ethereum. This defeats the idea of using the Ethereum network for one of its principal use cases.
Gas fees are part of Ethereum. They are the price required for miners to execute transactions. This fee is not constant, it fluctuates depending on network demand. A transaction can be delayed or outrightly rejected if it does not meet the minersâ threshold.
The minersâ threshold depends on network usage and congestion. In a way, miners prefer the network to be congested so they can benefit from charging high gas fees. Currently, the decentralized finance (DeFi) movement, the road to Ethereum 2.0 and soaring ether (ETH) transactions are partly to blame for this unsustainable position.
While miners would love to see gas fees going to the moon, this is not good for Ethereum in the long run. There are organizations that pay their contractors in ether because of cheaper transaction fees. However, under the current conditions, it is economically impossible. In the end, there is no incentive for using the Ethereum network. At worst, it becomes a liability.
A solution must be found, and it could come outside the Ethereum network. There are many possible candidates.
But first, a look at some of the principal factors in Ethereumâs rising gas prices and how they converge, as well as a few solutions.
The DeFi movement
DeFi, or decentralized finance, is an umbrella term for financial services using smart contracts to facilitate transactions without relying on intermediaries. Over the past year, the ecosystem has exploded â at this point last year the total value locked in all DeFi applications hovered around $530 million. Today, it stands around $11.3 billion.
The DeFi train, fueled by yield farming, will not show any signs of slowing down. If anything, it will continue to soar with new projects cropping up from every corner. In early September, SushiSwap, a fork from Uniswap, caused a rise in transaction fees even though it was only one week old. This is an exceptional case but it shows that any new DeFi project with the right marketing and economic model can easily spike gas wars.
HIGH GAS FEES ARE AN OPPORTUNITY FOR ETHEREUM COMPETITORS TO GRAB A FAIR SHARE OF THE MARKET.
The DeFi boom is exposing Ethereumâs scalability issues and ability to cope with rising usage. Naturally, this increase leads to network congestion that, in turn, pushes miners to charge higher gas fees to process transactions on the network.
You cannot blame miners for capitalizing on the DeFi boom. Itâs human and business nature to spot opportunities and pounce on them.
Serenity?
The Ethereum 2.0 upgrade, originally known as Serenity, is one of the most highly anticipated updates in the protocolâs history. It will see Ethereum switch from Proof-of-Work (PoW) to Proof-of-Stake (PoS).
Ethereum, due to its consensus mechanism, can only handle 15 transactions per second (TPS) compared to VISAâs 1,500 TPS. The migration to PoS will see the network increase its throughput.
The migration to PoS will also see Ethereum miners replaced by validators who stake their ether to maintain the network. This changes the protocolâs economic model. While the incentive structure for the PoS architecture is yet to be worked out, miners are mainly concerned about the present moment. They want to look out for themselves and not so much about the long-term interests of the network.
Sensing that their days are numbered and equipment soon to be rendered obsolete, all the miners can do is maximize their profits. A classic case of making hay while the sun shines.
Future High Gas Fees Solution: BitCherry
BitCherry is based on technology created IPv8 expandable blockchain infrastructure, according to the actual needs of different application scenarios do segmentation data, according to different types of content to provide the appropriate side chain, the main chain is only responsible for a consensus with the main transaction of Token, the number of side chains can increase with the increase of business volume and data. Nodes of different sub-chains handle their respective businesses and based on the design of a multi-layer systematic security assurance mechanism, to resist various attacks.
Smart contract developed by BitCherry distributed network will be able to achieve the maintenance of collateral positions, trade execution, set interest rates and asset custody and other functions. Thanks to the application of smart contracts, contracts as mortgages and loans will also be automatically executed, making the entire system highly equal and credible, while significantly reducing intermediate links, and with higher efficiency and lower fees.
At its launch, BitCherry succeed in unleashing an unprecedented layer of transactional speed that will usher in the mass-market adoption of cryptocurrencies. BitCherry has valid reasons to build a blockchain that is robust enough to handle 100,000 + of transactions per second. The adoption of âHash Relationship Spectrum âin BitCherry core data structure makes it possible for the TPS of public network reaches up to 100,000 + , which is far beyond the industry standard.
How will BitCherry guarantee transaction costs remain low?
As for how to remain the transaction costs low, First, since BitCherry is scalable, which will reduce transaction costs, but also in BitCherry network, each account in addition to the main currency, also a native of assets built ERC20 standard (sub-currency), such as UDST / ETH / BTC /TRX/EOS, etc., no need to write and deploy smart contracts, and save the loss of virtual machine calls, higher performance, and only a small fee for completing a single transfer.
As conclusion.
The distributed business transforms original single circulation into multiple and a network-like radiation circulation. In technological innovation, BitCherry chooses from business demand, balances the relationship between business needs and technology innovation to build a distributed network infrastructure, and gradually expands business ecosystem, enabling new value of the business entities. Commercial applications based on blockchain technology are driving the digital transformation of global commerce. Whether distributed commerce can become the future of global commercial economic development will be very anticipated.
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BitCherry test network v1.0.1 version has been successfully running for three months. In the meantime, BitCherry held a variety of developer events to encourage developers worldwide to participate in testing the user together, which brought us a lot of valuable advice. At the same time, BitCherryâs technical team is constantly being improved and rich technical content.
Singapore time in March 22nd 2021, BitCherry test network formally launched version v2.0.1. BitCherry test network BitCherry v2.0.1 version is the v1.0.1 version of the upgrade version. Optimized the block synchronization and stability of the consensus algorithm and added the verifier function, verifier penalty mechanism, user staking function, sub-account management function, and ERC20 standard sub-currency, which can provide developers with a safe, stable, and efficient development environment.
BitCherryâs purpose in the building can serve all commercial, high-performance, high-security, high availability of expandable IPv8 blockchain infrastructure platforms. Since BitCherry released the roadmap, a lot of progress of the project; at present, BitCherry test network version v2.0.1 has achieved most of the main network functions, BitCherry test network version v2.0.1 release also means closer to the main network BitCherry a step away.
BitCherry test network v2.0.1 version update details
1. Add validator join function According to the manual, community users can build their verifier nodes, and verifiers whose mortgage token reaches the top 100 can join the mining;
2. New verifier punishment mechanism After the verifier drops more than 100 blocks, he will lose the mining qualifications; After punishing 200 blocks, you can vote again to restore the validatorâs mining authority;
3. Added user staking function Users can be staking their tokens to the verifier to obtain staking rewards; The user can redeem the staking Token by releasing the staking;
4. ERC20 standard sub-currency BTC contract address: 0x0000000000000000000000000000000000000010 EOS contract address: 0x0000000000000000000000000000000000000011 ETH contract address: 0x0000000000000000000000000000000000000012 ONT contract address: 0x0000000000000000000000000000000000000013 USDT contract address: 0x0000000000000000000000000000000000000014
5. New sub-account management function Users can create/delete multiple sub-accounts, and the user can set sub-accounts with different permission combinations. · Permission 1: Main Trading assets · Permission 2: Staking · Permission 3: Trading sub-asset- BTC · Permission 4: Trading sub-asset- EOS · Permission 5: Transaction sub-asset- ETH · Permission 6: Transaction sub-asset- ONT · Permission 7: Trading sub-asset- USDT
6.The optimization of block synchronization and stability of consensus algorithm Before Bitcherry Mainnet officially launched, we will continue to carry out multi-stage iteration of testnet. We will deliver and update functions according to the schedule. Next, BitCherryâs key work direction will be to optimize the speed and data redundancy of consensus algorithm based on the operation of BitCherry Testnet v2.0.1 and continuously optimize the infrastructure, system stability and security. In addition, it will iterate and improve the cross chain and IPFs modules. BitCherry will continue to strike for excellence, provide a safe, stable and efficient development environment for developers, and create a scalable IPv8 blockchain infrastructure platform with high performance, high security and high availability for users that can serve all types of businesses. Developers and users can continue to pay attention to the BitCherry developer community, participate in the BitCherry network testing environment through our newly released developer tasks, and win up to 10 million BCHC task awards. We will also encourage blockchain enthusiasts and developers to participate in the testnet with us and bring us more valuable opinions.
BitCherry Test Network Officially Launched Version v2.0.1
Singapore time on March 22nd, 2021, BitCherry test network formally launched version v2.0.1. BitCherry test network BitCherry v2.0.1 version is the v1.0.1 version of the upgrade version. Optimized the block synchronization and stability of the consensus algorithm and added the verifier function, verifier penalty mechanism, user staking function, sub-account management function, and ERC20 standard sub-currency, which can provide developers with a safe, stable, and efficient development environment. BitCherryâs purpose in the building can serve all commercial, high-performance, high-security, high availability of expandable IPv8 blockchain infrastructure platforms. Since BitCherry released the roadmap, a lot of progress of the project; at present, BitCherry test network version v2.0.1 has achieved most of the main network functions, BitCherry test network version v2.0.1 release also means closer to the main network BitCherry a step away.
What is DEXs Decentralized exchanges (DEXs) are cryptocurrency exchanges that operate without a central authority, allowing users to transact peer-to-peer and maintain control of their funds. DEXs reduce the risk of price manipulation, as well as hacking and theft, because crypto assets are never in the custody of the exchange itself.
DEXs also give token projects access to liquidity that often rivals centralized exchanges and without any listing fees. Just a few years ago, projects would pay millions of dollars to get a token listed on a centralized exchange.
Some exchanges implement degrees of decentralization, in which centralized servers might host order books and other features but do not hold usersâ private keys. Popular DEXs in the DeFi space currently include AirSwap, Liquality, Mesa, Oasis, and Uniswap.
Let's talk about using the P2Plus network protocol to help distributed exchanges (DEX) achieve efficient and safe results.
Bitcherry Technology Implementation - P2Plus Network Protocol At the network protocol level, P2Plus refers to mainstream VPN technologies such as PPP, PPTP, L2TP, IPSec, and SSLVPN, especially OpenVPN technology. OpenVPN is inherently equipped with many security features: it runs in user space without the need to modify the kernel and network protocol stack; it runs in chroot mode after the initial completion, giving up root privileges; using mlockall to prevent sensitive data from being exchanged to disk. In order to penetrate firewalls / routers and other devices, the P2Plus protocol bridges the link layer between the IP layer and the virtual network card.
The P2Plus protocol packages and encrypts the protocol layer data of the host-side virtual network card, and then passes the router in the form of IP protocol format After the networked device sends it out, the receiving end receives the IP format data, decrypts it through the protocol layer of the host-side virtual network card, and passes it to the application layer. Therefore, P2Plus network itself supports VPN, proxy server and other agent functions. The P2P protocol uses 4/6 bytes for addressing, and P2Plus uses 8-byte network addresses for addressing. The network target address information that can be expressed is more abundant. These additional bytes can also express the shortest network path and gateway service information between the source address and the destination address, so as to achieve decentralized and high-speed interconnection between different networks. The traditional centralized network, P2P distributed network, and P2Plus decentralized network structure with network topology nodes are shown in picture. It is important to point out that the added gateway nodes in the figure only have an acceleration effect. Removing the gateway node does not affect the 9 connectivity of the P2Plus network. If the gateway node is removed, the P2Plus network will only degenerate into a distributed network structure and the network connectivity will remain unchanged.
If users accesses the Internet through broadband or 4G / 5G, the network node does not have a fixed IP address. Therefore, whether it is IPv4 or IPv6, the node's IP address may change, which makes it difficult for the network node to provide external services. Traditional solutions are usually resolved through DDNS (DynamicDNS), that is, a centralized dynamic domain name provider such as peanut shell, to provide the analytical relationship between the domain name and the dynamic IP. To this end, P2Plus provides an 8-byte virtual IP address. When the virtual
network card program is installed, it will automatically generate a unique 8-byte IP address and the corresponding public / private key pair on the entire network. P2Plus will maintain a decentralized virtual IP address, node public key, IPv4 / IPv6 external network / intranet address, and network service provider ISP correspondence table. When nodes connect to the network, they will automatically use the Gossip of Gossip protocol to adjacent nodes and The gateway node broadcasts and updates its own internal / external network address.
Considering the high latency and low network speed caused by cross-border and cross-network operators, the role of the gateway node is added to improve the point-to-point transmission speed and connection stability in public network environment. The gateway node preferably has multiple ISPs. Into or on the backbone. P2Plus sends probe packets with the 10 smallest TTL to track the route that the data packets take to reach the target host, and uses this to build a network topology map between nodes, so as to obtain the distance relationship and smallest path between the network nodes.
Thus, BitCherry of P2Plus network protocol for the development of the DEX exchange played a great help and can do a distributed transaction.
We believe that IT is changing and will keep changing the way we live and of course our future. IoT (Internet of Things) has been a major topic of discussion, especially in 2014.
Everyone predicts that in the near future almost everything will be connected to the Internet and will have its own IP address. Connectivity not only includes PCs, laptops, tablets, and smartphone, but coffee machines, refrigerators, TVs, washing machines, microwaves ovens, cookers, closets, etcâĶ
I am afraid that one day the refrigerator will refuse to open because it reads my mind about wanting chocolates and finds that I am overweight. The next day my car will not drive me home, but to the local gym after checking my schedule and finding some free time. Then it will kick me out saying, âGo do some exercises, your extra weight consumes more fuel, and my chassis will not endure until next summer!â Thank goodness it is just a dream right now. I do not even own a car and will never think about buying a smart internet connected refrigerator, simply because it is very expensive.
In this article I will share my thoughts and raise questions about IP addressing related to IoTâs future:
BitCherry | IP addressing issues related to the future of the Internet of things (IoT):
In 2012, the number of Internet-connected devices exceeded the number of people on earth, and about 25 billion objects will be Internet-connected by 2020. The numbers are amazing, but in order for IoT to reach its full potential I think we will need more IP addresses than we are currently anticipating.
If we look back to the 90âs Dr. Vinton G. Cerf, aka the âFather of the Internetâ, showed up with his T-shirt âIP on Everythingâ. He had a strong vision about IP and the way we should use it. So how can IoT reach its full potential?
IPv6 is the most promising solution right now. When IPv4 was introduced no one imagined the future size of the Internet. IPv4 only had the capacity to handle 4.3 billion addresses, while Ipv6 can handle about 340,282,366,920,938,463,463,374,607,431,768,211,456 address. Will IPv6 be enough for IoT devices and objects? Until now it seemed the answer was yes. But what about tomorrow and the day after tomorrow?
In most of todayâs IoT systems, sensors collect data and use wireless connectivity to forward it to the controllers. The controllers which are IP-Enabled gather the raw data and forward it across an IP network to the online application in order to process the data, which allows individuals to access the controller remotely. Many sensors are connected to one controller, which connects to the IP network using a IP address. This means many sensors share one IP address. Now there are IP-Enabled sensors that support TCP/IP, which removes the need for a controller. Will that start a new model where sensors and controllers are combined in one system, like a wearable PC? If so this will increase the demands of new IP addresses.
For example, in agriculture instead of one weather station for the whole orchard, maybe every tree will have its own internet connected microcomputer device, which will have a lot of sensors and data collected by those sensors, sent over WLAN or the Internet to farmer system software which manages the orchard. This means every tree will have an IP address to connect to the WLAN and the internet. I donât think that will be limited to orchards only. Cattle farms already use simple wireless sensors to report the temperature of the cattle and detect illnesses early. Maybe every cow in the future will wear its own computing device, so it will need its own IP address. Maybe in the future we will see new technologies like: COIP (Cattle over IP), TOIP (Tree over IP) & POIP (Pet over IP).
BitCherry | With the demand for new IP addresses, is IPv6 enough?
In order to solve these issues, BitCherry firstly proposed, the block chain network protocol built on IPv8 technology. The size of an IPv8 address is 512 bits, compared to IPv6 (128 bits) and IPv4 (32 bits). The address space therefore estimated has 2^512 = 13407807929942597099574024998205846127479365820592393377723561443721764030073546976801874298166903427690031858186486050853753882811946569946433649006084096 address which enough for every single thing on earth to have IP Address.
In order to ensure privacy of data transmission and malicious nodes, different with the traditional P2P network protocols, The P2P+ network protocol uses a point-to-point high-strength private key encryption technology. The transmitted content is encrypted, and only the receiving node can decrypt it, ensuring the confidentiality of the transmitted content and node privacy. The public-private key mechanism can be used not only to encrypt the communication process, but also to authorize access through signatures. Unlike the SSL certificate system and account/password method adopted by OpenSSN, P2P+ authorizes network reads/writes of 8-bit virtual IP addresses and identifies them by the public key signature of the virtual IP addresses to prevent false IP address attacks.
BitCherry P2Plus work on more underlying IP network layer and the data link layer (which can work simultaneously in Host and router), so P2Plus can easily penetrate any network, firewall, and network fence, greatly improving the accessibility of data transmission.
As it can be seen above, Huawei New IP and BitCherry IPv8 have some similarities like:
1. Background: Both are based on the disadvantages of the traditional Internet, which exist in the background that the traditional Internet is unable to support the connection of massive, networked subjects, has low transmission efficiency, instability, and is prone to attacks.
2. Objective: Both are committed to build a more secure, efficient, and open internet, supporting the interconnection of all networks, the interconnection of all things, and precise transmission. It has the characteristics of flexible addressing, efficient operation, safety, and efficiency.
When the reality of traditional internet increasingly becoming unstable, we believe there will be more new technologies that will build with BitCherry for a better future, we also believe, this technology of BitCherry, will become the most dazzling star. The release of new IP will also have a more active role in the development of BitCherry, the two will work together to accelerate the upgrade of the Internet. Let us look forward to the arrival of web3.0 together!
BitCherry the world's first scalable blockchain infrastructure based on IPv8 Technology for business is committed to building a commercial thoroughfare linking blockchain technology with real society, and helping traditional enterprises build a trusted distributed business ecological environment.
On 24 December 2020, Singapore (GMT+8), BitCherry Testnet v1.0.1 officially started testing. BitCherry has realized nine major functions this time, and the subversive innovation of commercial level blockchain ecology has started from now on and is moving towards the future of "blockchain + commerce".
Disruptive Power Drives Redefinition of Business Model
In the era of distributed business ecology, new technology will comprehensively reshape the traditional economy, and human society will enter a new era in which the trust system is fully established, and the ecological vitality is fully activated. With the completion of BitCherryâs high-quality blockchain infrastructure platform, the distributed business ecosystem will grow on the infrastructure platform provided by BitCherry. As a leading project of distributed business ecology, BitCherry will continue to solve the problems of transaction security, management norms, ecological benefit distribution, etc., and eventually become an engine driving global industrial migration and shaping the new economy of licensee. With the help of BitCherry, global commerce will usher in a subversive blockchain revolution and productivity leap. The successful launch of BitCherry testnet has taken a milestone for this exciting business future. Based on the support of deep technical strength, large and complex business nodes will be linked by BitCherry blockchain infrastructure platform, and a more reliable business ecological network will be formed, which will usher in the evolution of business ecology.
Customized Solutions to Boost the Competitiveness of Business Enterprises
In 2020, the economy will be impacted by the epidemic. How to carry out business innovation transformation in the epidemic period? The growing maturity of blockchain technology has become the beginning of business innovation. As a technology pioneer in the field of blockchain, BitCherry supports customized blockchain applications in different business scenarios. BitCherry will build the underlying infrastructure and commercial applications of blockchain that can truly meet different business scenarios by condensing technology, community and ecological resources; solve the expandable pain points of blockchain through multi chain structure and physical fragmentation technology, provide fully customized services, and support completely private side chains, and each side chain is a complete commercial level blockchain solution, product traceability, supply chain finance, e-commerce platform, asset digital deposit, distributed cloud computing and social platform and other business areas to achieve disruptive innovation.
Autonomous Community to Achieve the Ultimate Efficiency of Collaboration
In the era of token economy, BitCherry has taken the lead in the world, and has constantly broken through the better community consensus and community autonomy model. With the stable development of the project, BitCherry gradually has a global team, global investors, and global community. BitCherry is committed to continuously improving the network experience of community users. With the continuous growth of ecology, BitCherry will provide more perfect incentive system, and provide contribution-based token incentive for mining, ecological construction, start-up teams and foundations. BitCherry focuses on community autonomy and improves the collaborative efficiency of all members in BitCherry ecology to an unprecedented level with a perfect consensus mechanism of blockchain. In the business ecological chain composed of material flow, information flow, capital flow and business flow, BitCherry uses consensus mechanism to gather complex nodes in the industry. Under the concept of co-construction and co-governance, the platform and business nodes cooperate with each other. Consumers, developers, and investors share the huge business value created together to realize the whole ecological profit.
Global distributed business ecology means massive trade opportunities, high-dimensional business model and extreme collaborative efficiency. The formal test of the v1.0.1 version of BitCherry testnet marks that the infrastructure of BitCherry network has begun to take shape, and BitCherry has started a new journey. In the future, BitCherry will have a blockchain infrastructure that can fully support all kinds of businesses. It will become a high-performance, high security and high availability provider and supporter of the underlying public chain for distributed business applications on the chain and build and drive the sustainable prosperity of the distributed business ecosystem. BitCherry deeply grasps the trend of technology and the pulse of business and is becoming a leader in the era of distributed business with the strength of disruptive innovation.
BitCherry the world's first scalable blockchain infrastructure based on IPv8 Technology for business is committed to building a commercial thoroughfare linking blockchain technology with real society, and helping traditional enterprises build a trusted distributed business ecological environment.
On 24 December 2020, Singapore (GMT+8), BitCherry Testnet v1.0.1 officially started testing. BitCherry has realized nine major functions this time, and the subversive innovation of commercial level blockchain ecology has started from now on and is moving towards the future of "blockchain + commerce".
Disruptive Power Drives Redefinition of Business Model
In the era of distributed business ecology, new technology will comprehensively reshape the traditional economy, and human society will enter a new era in which the trust system is fully established, and the ecological vitality is fully activated. With the completion of BitCherryâs high-quality blockchain infrastructure platform, the distributed business ecosystem will grow on the infrastructure platform provided by BitCherry. As a leading project of distributed business ecology, BitCherry will continue to solve the problems of transaction security, management norms, ecological benefit distribution, etc., and eventually become an engine driving global industrial migration and shaping the new economy of licensee. With the help of BitCherry, global commerce will usher in a subversive blockchain revolution and productivity leap. The successful launch of BitCherry testnet has taken a milestone for this exciting business future. Based on the support of deep technical strength, large and complex business nodes will be linked by BitCherry blockchain infrastructure platform, and a more reliable business ecological network will be formed, which will usher in the evolution of business ecology.
Customized Solutions to Boost the Competitiveness of Business Enterprises
In 2020, the economy will be impacted by the epidemic. How to carry out business innovation transformation in the epidemic period? The growing maturity of blockchain technology has become the beginning of business innovation. As a technology pioneer in the field of blockchain, BitCherry supports customized blockchain applications in different business scenarios. BitCherry will build the underlying infrastructure and commercial applications of blockchain that can truly meet different business scenarios by condensing technology, community and ecological resources; solve the expandable pain points of blockchain through multi chain structure and physical fragmentation technology, provide fully customized services, and support completely private side chains, and each side chain is a complete commercial level blockchain solution, product traceability, supply chain finance, e-commerce platform, asset digital deposit, distributed cloud computing and social platform and other business areas to achieve disruptive innovation.
Autonomous Community to Achieve the Ultimate Efficiency of Collaboration
In the era of token economy, BitCherry has taken the lead in the world, and has constantly broken through the better community consensus and community autonomy model. With the stable development of the project, BitCherry gradually has a global team, global investors, and global community. BitCherry is committed to continuously improving the network experience of community users. With the continuous growth of ecology, BitCherry will provide more perfect incentive system, and provide contribution-based token incentive for mining, ecological construction, start-up teams and foundations. BitCherry focuses on community autonomy and improves the collaborative efficiency of all members in BitCherry ecology to an unprecedented level with a perfect consensus mechanism of blockchain. In the business ecological chain composed of material flow, information flow, capital flow and business flow, BitCherry uses consensus mechanism to gather complex nodes in the industry. Under the concept of co-construction and co-governance, the platform and business nodes cooperate with each other. Consumers, developers, and investors share the huge business value created together to realize the whole ecological profit.
Global distributed business ecology means massive trade opportunities, high-dimensional business model and extreme collaborative efficiency. The formal test of the v1.0.1 version of BitCherry testnet marks that the infrastructure of BitCherry network has begun to take shape, and BitCherry has started a new journey. In the future, BitCherry will have a blockchain infrastructure that can fully support all kinds of businesses. It will become a high-performance, high security and high availability provider and supporter of the underlying public chain for distributed business applications on the chain and build and drive the sustainable prosperity of the distributed business ecosystem. BitCherry deeply grasps the trend of technology and the pulse of business and is becoming a leader in the era of distributed business with the strength of disruptive innovation.
How can blockchain change the current banking landscape?
Banks often act as middlemen within the global economy by managing and coordinating the financial system through their internal ledgers. Since these ledgers arenât available for the public to inspect, it forces trust in banks and their often outdated infrastructure.
Blockchain technology has the potential to disrupt not only the worldâs currency market, but also the banking industry as a whole by cutting out these middlemen and replacing them with a trustless, borderless, and transparent system that is easy to access by anyone.
Blockchain will potentially help facilitate faster and cheaper transactions, increase access to capital, create higher data security, enforce trustless agreements through smart contracts, make compliance smoother, and more.
Additionally, thanks to the innovative nature of blockchain, the ways that the newly available financial building blocks can interact with each other can potentially lead to entirely new types of financial services.
What are the main benefits of blockchain for banking and finance?
Contracts exist to protect people and businesses when they enter into agreements, but that protection comes at a high cost. Due to the complicated nature of contracts, the process of creating one requires a lot of manual work from legal experts.
Smart contracts enable the automation of agreements through tamper-proof, deterministic code that is running on the blockchain. Money can safely stay in escrow and is only released when certain conditions of the agreement are fulfilled.
Smart contracts substantially reduce the element of trust needed to reach an agreement, minimizing the risks of financial agreements and the odds of ending up in court.
BitCherry of P2Plus network protocols how to provide a safer service for traditional banking business
P2Plus Network Protocol Security
Different from the traditional P2P network protocol, in order to ensure the privacy of the network transmission and to prevent the gateway nodes from doing evil, the P2Plus network protocol implements point-to-point encryption. To put it simply, Bitcoin and Ethereum are transmitted in plain text during the network transmission process, and other network nodes passing through can be parsed. Although digital signature technology is used to ensure that the transmission content will not be tampered , but dont ensure confidentiality andprivacy protection. The P2Plus network protocol uses a point-to-point private key encryption technology. The transmission content is encrypted and only the receiving node can decrypt it, ensuring the confidentiality of transmission content and node privacy. The public-private key mechanism can be used not only to encrypt the communication process, but also to authorize access through signatures. Unlike the SSL certificate system and account / password method adopted by OpenSSN, P2Plus authorizes network read / write of 8-bit virtual IP addresses and identifies them by the public key signature of the virtual IP address to prevent false IP address attacks.
Because the underlying link layer and IP layer are transparent to the upper TCP application layer, a large number of traditional application layer services can be seamlessly migrated to the P2Plus network, thereby automatically implementing decentralized, point-to-point encrypted mail, chat, WEB service. Due to the point-to-point encrypted communication and signature authorization mechanism, the P2Plus protocol can also prevent DNS and DDOS attacks.
How can blockchain change the current banking landscape?
Banks often act as middlemen within the global economy by managing and coordinating the financial system through their internal ledgers. Since these ledgers arenât available for the public to inspect, it forces trust in banks and their often outdated infrastructure.
Blockchain technology has the potential to disrupt not only the worldâs currency market, but also the banking industry as a whole by cutting out these middlemen and replacing them with a trustless, borderless, and transparent system that is easy to access by anyone.
Blockchain will potentially help facilitate faster and cheaper transactions, increase access to capital, create higher data security, enforce trustless agreements through smart contracts, make compliance smoother, and more.
Additionally, thanks to the innovative nature of blockchain, the ways that the newly available financial building blocks can interact with each other can potentially lead to entirely new types of financial services.
What are the main benefits of blockchain for banking and finance?
Contracts exist to protect people and businesses when they enter into agreements, but that protection comes at a high cost. Due to the complicated nature of contracts, the process of creating one requires a lot of manual work from legal experts.
Smart contracts enable the automation of agreements through tamper-proof, deterministic code that is running on the blockchain. Money can safely stay in escrow and is only released when certain conditions of the agreement are fulfilled.
Smart contracts substantially reduce the element of trust needed to reach an agreement, minimizing the risks of financial agreements and the odds of ending up in court.
BitCherry of P2Plus network protocols how to provide a safer service for traditional banking business
P2Plus Network Protocol Security
Different from the traditional P2P network protocol, in order to ensure the privacy of the network transmission and to prevent the gateway nodes from doing evil, the P2Plus network protocol implements point-to-point encryption. To put it simply, Bitcoin and Ethereum are transmitted in plain text during the network transmission process, and other network nodes passing through can be parsed. Although digital signature technology is used to ensure that the transmission content will not be tampered , but dont ensure confidentiality andprivacy protection. The P2Plus network protocol uses a point-to-point private key encryption technology. The transmission content is encrypted and only the receiving node can decrypt it, ensuring the confidentiality of transmission content and node privacy. The public-private key mechanism can be used not only to encrypt the communication process, but also to authorize access through signatures. Unlike the SSL certificate system and account / password method adopted by OpenSSN, P2Plus authorizes network read / write of 8-bit virtual IP addresses and identifies them by the public key signature of the virtual IP address to prevent false IP address attacks.
Because the underlying link layer and IP layer are transparent to the upper TCP application layer, a large number of traditional application layer services can be seamlessly migrated to the P2Plus network, thereby automatically implementing decentralized, point-to-point encrypted mail, chat, WEB service. Due to the point-to-point encrypted communication and signature authorization mechanism, the P2Plus protocol can also prevent DNS and DDOS attacks.
BitCherry the World's First Commercial Scalable Blockchain Infrastructure Based on IPv8 Technology has the potential solution to resolve many of the issues facing ad networks, including the rampant fraud scam and malicious that is quickly, and unfortunately, becoming a central point of contention within the industry.
So many different scams have transpired over the past year that it can be hard to keep up with new ones. The COVID-19 pandemic has opened up new ways for cybercriminals to target people on the web. Think about all the COVID-related scams weâve seen over the past few months alone. There have been tons of vaccine scams, stimulus check scams and even disinformation campaigns targeting people looking for vaccine information. This COVID vaccine scam is particularly nasty.
Hereâs how this fraud scam works: Victims enter the term âhome depotâ in Google search, and the results return a malicious ad. The ad is placed at the top of the search results, adding to the likelihood that users will click on it.
This ad looks like a legitimate campaign for Home Depot, down to the standard URL â homedepot.com, which appears when you hover over the link.
If you click on the ad, you will be redirected via several different ad services and eventually land on a tech support scam, which theyâll try to convince you to buy your way out of via expensive and unnecessary software programs. Itâs the oldest trick in the book. The problem isïžthis type of scam can be super effective and can cause lots of issues if you fall for it.
How decentralized ads could avoid this kind of fraud scam ad? Centralization by itself is not an inherently bad thing. It can improve the efficiency of networks by reducing the distance information needs to travel, and it makes management of the full network much easier. Regardless, centralization in practice tends to have some unforeseen and unexpected side effects. First among these is a reduction in transparency across the network that invites dishonest, profit-taking, and even potentially fraudulent activity that can go unchecked due to a lack of accountability. Because managers of centralized ad networks arenât obligated to reveal their inner workings to advertisers, there is no way to guarantee that traffic, views, and click-throughs are real and not bots. At a certain point, there has to be an implicit trust on the side of advertisers that publishers are working in their best interests, something that is not always given. This murkiness has led to instances where an ad networkâs traffic is 60% fraudulent in many cases, and 100% in a few more.
To resolve this, BitCherry Blockchain Technology are looking to blockchain to help alleviate the issue of bots and fraud scam on ad networks. BitCherry Blockchain Technology could create a system that improves accountability with blockchainâs open ledger technology, which allows buyers to see where their dollars are being placed. The ability to verify transactions and see how each dollar spent translated into ad buys can reduce the waste caused by fraud scam. BitCherry Blockchain Technology will enhance the transparency to an industry that due to automation and centralization has become embroiled in a crisis of trust.
The costs of a centralized system are prohibitive More than fraud scam, though, is the problem of cost-effectiveness. Ad networks represented a straightforward way to simplify the process of finding and placing ads in the right website, but they have since morphed into a system that extracts significant value at all points across the chain without adding real value. The core issue is that the system is set up with gatekeepers at every point between advertisers and publishers, increasing costs and pressure to show results in measurable terms.
This pressure means marketers and advertisers have little incentive to fix ad networks as fraud scam and bot traffic makes their centralized systems seem highly successful. In this case, BitCherry blockchain companies are taking a different tack. BitCherry Blockchain ad platform is looking to solve this issue and more. BitCherry Blockchain is busily building a decentralized ad network that seeks to remove the influence of middlemen and the costs they place on all transactions. However, it is also concerned with user experience, implementing less intrusive and irritating ads. To that end, the BitCherryâs BCHC Token can also be used to reward sites that are known to be âgood trafficâ as well as create more integrated ad strategies. This additional focus by BitCherry makes it a likely top contender to unseat some of the entrenched ad networks.
Removing the barriers to openness The ad industry remains slightly paradoxical. There is a strong need for robust ad networks that abridge the job of marketers and advertisers looking to place their companies in highly visible locations. There is also a strong incentive on the part of networks to engage in dishonest practices to boost their metrics and appear more successful. This dynamic does not lend itself to honesty or even efficient interaction.
BitCherry the World's First Commercial Scalable Blockchain Infrastructure Based on IPv8 has the potential to resolve many of the issues, including the rampant fraud scam that is quickly, and unfortunately, becoming a central point of contention within the industry. By embracing the technologyâs propensity to disintermediate and democratize, companies can create models that let ad networks continue generate revenues but balance the scales to offer advertisers a better shake alongside a more accountable and equitable return on their own investments.
To know more about BitCherry Blockchain Infrastructure Based on IPv8, kindly refer to BitCherry Official Website at : bitcherry.io
The benefits of using blockchain in healthcare Some of the features that allow cryptocurrency blockchains to act as a secure record of financial transactions are also applicable to storing medical data. Since most blockchains are designed as distributed systems that record and protect files through the use of cryptography, it is extremely difficult for someone to disrupt or change the data without having the approval of all other participants of the network. Therefore, immutability is one of the features that enable the creation of incorruptible databases for medical records.
Moreover, the peer-to-peer architecture used in blockchains allows all copies of a patient's record to be synchronized with one another as updates are made, even though they are stored in different computers. In fact, each network node holds a copy of the entire blockchain, and they communicate regularly to ensure data is up to date and authentic. Thus, decentralization and data distribution are also important aspects.
It is worth mentioning that blockchains are distributed but not always decentralized (in terms of governance). Decentralization is not a binary thing, so depending on how nodes are distributed and on the overall architecture, distributed systems may present variable degrees of decentralization. In the context of healthcare, blockchains are usually built as a private network, as opposed to the public ones that are typically used as cryptocurrency ledgers. While anyone can join and contribute to the development of a public blockchain, private versions require permission and are managed by a smaller number of nodes.
Increased security As mentioned, one of the most important use cases of blockchains in the healthcare industry is leveraging the technology to create a secure and unified peer-to-peer (distributed) database. Thanks to blockchains' immutability, data corruption should no longer be a concern. The blockchain technology can be used to effectively register and track the medical data of thousands of patients. Unlike traditional databases that rely on a centralized server, the use of a distributed system allows for data exchange with higher levels of security, while also cutting down on the administrative costs that the current system imposes. The decentralized nature of blockchains also makes them less vulnerable to technical failures and external attacks that often compromise valuable information. The security provided by blockchain networks can be particularly useful for hospitals, which are often dealing with hacker invasion and ransomware attacks.
Interoperability Another advantage of blockchain-based medical records is their ability to enhance interoperability among clinics, hospitals, and other health service providers. Technological differences in data storage systems often make it difficult for organizations to share documents. Blockchains, however, can solve this problem by allowing authorized parties to access a unified database of patient files or even medicine distribution records. So rather than attempting to interface with each others' internal storage, service providers can work together on a single one.
Distributed business public blockchain BitCherryâ-âDistributed Cloud Computing Cloud computing is a type of distributed computing, which refers to the process of decomposing massive data computing processing programs into countless small programs through the network "cloud", and then processing and analyzing these small programs through a system composed of multiple servers to obtain results and Return to the user. In the early days of cloud computing, it was simple distributed computing, which solved task distribution and merged the calculation results. Therefore, cloud computing is also called grid computing.
As the world's first technology-based services to IPv8 distributed business expansion can enhance blockchain infrastructure, BitCherry innovative physical layer built P2Plus-end encryption network protocol that provides a high-performance, high security for the medical field, increased availability of the underlying technical support, Through cloud computing technology, it can complete the processing of tens of thousands of data in a short time (a few seconds), thereby providing robust network services for the medical field. The application scenarios of cloud computing technology in the medical industry are wealthy. Effective use of cloud computing technology can solve many problems in the medical industry in data management, telemedicine, etc. Still, at present, it is limited by the unique business model restrictions of the medical sector, BitCherry also requires constant exploration and development, but precisely because of this step by step exploration, BitCherry to allow better integration of cloud computing technology integrated with the medical profession to serve the community.
2020 December 24, BitCherry released the highly anticipated Testnet v1.0.1 on the market. We have launched a series of activities and have gained the number of developers and users to join it.
The browser wallet has made significant progress, and the number of blocks has more than a million.
More Updates Coming Soon This is just the beginning of the function; BitCherry team will continue to optimize the Testnet. At the same time, we invite more to join BitCherry blockchain development team to join the test network, build your blockchain.
Bug Bounty (January 1, 2021, to February 15, 2021)
BitCherry is the worldâs first commercial scalable blockchain infrastructure based on IPv8 technology. BitCherry public chain mainnet was officially launched, user will experience: token issue, DApp deploys and operation, pledge to vote, digital asset transfer and so on. Since the blockchain runs in a decentralized network environment, and the creation and storage of data is not dependent on by cryptography, thus BitCherry public chain is considered to be one of the most secure public chain systems. At the same time, thanks to good architecture design and programming skills, operational efficiency and stability, BitCherry public chain is far ahead of other public chains.
BitCherry public chain using the highly abstract idea of modular design, the system is divided based network, database storage, consensus algorithms, network protocols, transaction processors, virtual machines, application layer interfaces, and several core modules.
P2Plus Protocol In terms of technical implementation, one of the core technologies of the P2Plus protocol is the virtual network card technology. The virtual network card is the host computer that simulates a network card driver at the operating system level. It can be configured like other physical network cards or can be configured in the service program. The application layer sends and receives data to the virtual network card. For this reason, P2Plus can implement a virtual network card driver in the Windows/macOS/Linux operating system on the host side, thereby achieving cross-platform access on the host side. At the network protocol level, P2Plus refers to mainstream VPN technologies such as PPP, PPTP, L2TP, IPSec, and SSLVPN, especially OpenVPN technology. OpenVPN is inherently equipped with many security features. It runs in userspace and does not need to modify the kernel and network protocol stack. After the initial completion, it runs in chroot mode, giving up root permissions and using mlockall to prevent sensitive data from being exchanged to disk.
HashRelationshipSpectrum DAG represented by IOTA, with the name "Directed Acyclic Graph", can achieve 100,000+ TPS from the start, and the transaction cost can be meagre. "Directed" refers to a direction, and to be precise, it should be the same direction. "Acyclic" does not constitute a closed-loop. In DAG, there is no concept of a block. Its constituent unit is a transaction, and each company records the trade of a single user, which saves the time for packing and generating blocks. The verification method relies on the verification of the previous transaction by the next marketing. In other words, if you want to make a transaction, you must verify the prior transaction, and verify several transactions in detail, according to different rules. This verification method allows DAG to write many transactions asynchronously and concurrently, and finally constitute a topological tree structure, which can significantly improve scalability. But its shortcomings are: the transaction duration is uncontrollable and does not support strong consistency.
Hashgraph HashGraph is a DAG with a unique structure. The current transaction of each node must rely on its last trade, and the previous commerce synchronized by other nodes. The consensus synchronization between nodes is through the GossipofGossip protocol so that each node maintains the communication history between all nodes and other nodes. When each node completes the Byzantine protocol, it does not need to go through multiple rounds of network communication. The Byzantine agreement can be simulated directly. Besides, unlike DAG, which does not provide consistency, Hashgraph guarantees final consistency through a virtual voting mechanism.
Consensuses Algorithm aBFT Hashgraph uses the Byzantine fault-tolerant algorithm in a peer-to-peer distributed network, and the rights and interests of nodes are entirely equal. Therefore, there is no large amount of energy waste caused by PoW proof of work, and no evil node, excessive centralization and forerunner Matthew effect caused by PoS/DPoS rights and interests. It inherits the aBFT distributed consensus algorithm in solving fault tolerance and Advantages of malicious nodes.
Fully asynchronous Byzantine fault-tolerant aBFT, which means that it does not make any assumptions about how fast the message is transmitted on the Internet, thus solving the problem of the traffic multiplier effect caused by the traditional synchronous aBFT algorithm network broadcast, and it also eliminates the impact of the PBFT algorithm. The number of nodes is limited, and it can also resist DDoS attacks, botnets and firewalls.
Consensus mechanism aBFT+PoUc The disadvantage of the aBFT algorithm is that it does not achieve the complete certainty of the consensus. It just becomes less and less likely to be tampered with over time, forming absolute certainty. Therefore, the time for consensus determination is also related to the number of nodes; All nodes participating in the transaction experience in the consensus, which also limits the TPS of the hash graph from both the network bandwidth and CPU/GPU computing power.
Thus, the consensus mechanism, BitCherry data structure based on the hash map, the blockchain pioneering technology with six degrees of separation theory, demonstrated the value of PoUc user, selection of consensus nodes, the network propagation consensus process optimization, combined with BitCherry original P2Plus network protocols, and BitCherry applications side-chain:
Different from DPoS, all users can participate in the PoUc consensus. The algorithm automatically selects neighbouring nodes and non-neighbouring nodes according to the relationship graph algorithm and refers to their weights for virtual voting. The selected node will receive an accounting reward.
The selection rule of the neighbouring endorsed nodes is based on the node network bandwidth/delay, the relative centrality of the primary/side chain relationship map and the nodeâs Bit-U value. The node network connection and relationship map are only calculated by level. The Bit-U value of the node is selected first; the selection rule of the large V node is to give priority to the Bit-U value of the node when the node bandwidth/delay threshold is met. In the node selection process, the degree of deduplication and randomness between rounds are specified. The nodes that are repeated between two adjacent games do not exceed 1/3 and are selected randomly. The newly chosen nodes are chosen randomly according to 1/3 of the number of candidate nodes. From this algorithm, it can be seen that almost all large V nodes that meet the network conditions can participate in the PoUc process of the entire network, and practically all nodes in the circle of friends will also participate in the PoUc consensus process of a friend.
Incentive Mechanism Bit-U BitCherry using Bit-U incentives to reward contribution to the entire user base set up and blockchain through economic and ecological certificate
Bit-U is composed of 4 dimensions superimposed, and users will be motivated if they have any size. The more dimensions, the greater the incentive:
â Time activity T is determined by the length of time the user holds the token, and a logarithmic formula is used to avoid the Matthew effect of first-mover advantage (FMA);
⥠User relevance R is determined by the user relationship circle and related activity. The relationship map includes: social relationship, e-commerce relationship, knowledge sharing relationship, and resource sharing relationship;
âĒ User activity A consists of user online duration/frequency, social action, transaction activity, and sharing activity;
âĢ User contribution C is divided into two categories: cloud computing mining machine resources Cm and external interface resources Cb. In addition to mining participation consensus, cloud computing mining machine resources Cm also includes IPFS storage resources, gateway bandwidth resources, and CPU/GPU computing resources, external resources Cb mainly refers to the provision of external resources including BitCherry: advertising/sale of other commercial intermediary services, arbitration/mantra services, mostly for BitCherry open up the outer physical world, the traditional Internet, the information of things, money, equipment, goods available service.
Hash Ring (sharding) BitCherry fragmentation is achieved by dividing the map of the relationship between the range of slicing hash rings if the external lateral side chain is a blockchain extension. The fragment is the inner longitudinal sections of the blockchain. Commonly used fragmentation techniques include storage fragmentation, transaction fragmentation, and state fragmentation. The biggest problem with fragmentation is cross-shard transactions. Since cross-shard synchronous transactions will lose performance, asynchronous transactions will harm security. Therefore, even for ETH2.0, there are currently restrictions on cross-shard transactions, that is, the transaction must specify the shard in which it is located, so the actual application scenarios are minimal.
The BitCherry is based on a hash map showing the relationship; therefore, by six degrees of separation theory, the same type of relationship usually concentrated in a small circle around in a similar process of friends, both large and small fragments form a relationship Hash circle, cross Fragmentation transactions will be significantly reduced.
Hash body (side chain) Technical hashing is divided by the type of side chain DApp technology, a side chain for improving the technique originally TPS, and in BitCherry, the transaction is based on the actual underlying data hash to the neighbour node for the associated structure of FIG. The traditional side chain technology has multiple side chains anchoring the main chain, which is a numerous one-way linked list structure with intersection points in the unit of block. DAG is a directed acyclic graph structure with the transaction as the unit. DAG is a structure limited by adjacent nodes. The hash body is a three-dimensional structure that is sliced by DApp type, and the interface is a hash graph.
Zero-knowledge proof ZKP Zero-knowledge proof means that it can fully prove that oneself is the legal owner of an absolute right, but also does not disclose relevant information, which means that the "knowledge" to the outside world is "zero". For example: If A wants to prove to B that he has the key to a particular room, suppose that the room can only be opened with the resolution, and cannot be opened by any other method. There are two methods:
Method one: A shows the key to B, and B uses this key to unlock the room to prove that A has the correct access to the room.
Method Two: B confirms that there is an object in the room, and A uses the key he owns to open the door of the room, and then takes the item out and shows it to B, thereby proving that he does have the key to the room.
Cross-chain Although BitCherry backbone + pendant + fragmentation, it has been able to provide high performance. But BitCherry other public chain and chain technology alliances, uphold openness, cooperation and healthy competition posture, build eco-development, information sharing, and high-performance relationship map TPS external output BitCherry, so BitCherry support standard protocols and inter-chain cross-chain Technology, such as IBC, etc.
BitCherry (BCHC) Blockchain technology has the potential to create a new era of gaming and drive true adoption in the industry.
Blockchain technology has recently become a phenomenon in various areas of the economy, driving innovation, fostering growth, and bringing added value. Among the most noteworthy of these sectors is the gaming industry. Gaming is a use case that drives true adoption of blockchain technology by taking the incentive for the user from pure speculation to transactions on a blockchain platform. This drives innovation in development as well as consumer adoption.
According to Newzooâs Global Games Market Report says the global gaming market will generate $159.3 billion in revenue in 2020.That would be 9.3 percent year-over-year growth. Whatâs more, the industry to surpass $200 billion in revenue in 2023.
BitCherry (BCHC) is the world's first scalable blockchain infrastructure based on IPv6 technology to serve distributed commerce. BitCherry blockchain technology is committed to building the connection between business Avenue blockchain technology and real society, helping traditional enterprises build a trusted distributed business environment. BitCherry BCHC Blockchain Technologies can unlock immense benefits for the gaming entrepreneur and developers by preventing fraud activities and offering a secure environment to develop, launch games or monetize them. There are many popular games that need to be purchased before using them. In such situations, BitCherry can help in buying and selling in-game assets easier with the help of cryptocurrencies in a safe way.
BitCherry (BCHC) transactional technology can be a great way to build and manage in-game currency accounts. This will help in managing the rewards the players get on winning various stages, levels, competitions, etc.
The usage of BitCherry (BCHC) blockchain development solution in gaming enables players to purchase game assets without depending on third-party payment providers to process the currency transactions.
Speculation on platforms that may find blockchain applications and tokens useful in gaming is on the rise, and the platforms are often listed on top exchanges shortly after being released. With the continued development of easy-to-use user interfaces, standards for BitCherry blockchain applications using aBFT+PoUc Consensus Mechanism to offering greater transaction speeds, and the release of items capturing the attention of audiences â acceptance by the mainstream is only a matter of time.
BitCherry (BCHC) Blockchain technology is especially suited for gaming, and gaming can directly benefit from blockchain technology, both technically as well as in unlocking value from in-game items, tournaments, character development and gamer recognition. This paves way for esports being a leader in the sports and entertainment sector, much like the internet is now.
Today, traditional media is mostly run on the internet, so perhaps through blockchain technology, all sports could one day contain elements of esports.
Safer than a traditional P2P network protocol BitCherry P2Plus how to improve the security of electronic identity?
Among the many emerging use cases of blockchain technology, digital identity management and verification is perhaps one of the most promising. In 2018 alone, billions of people were affected by personal data breaches, all around the world. There is an undeniable need for more secure methods of storing, transferring, and verifying sensitive information. In this context, blockchain systems may bring valuable solutions to some of the difficulties faced by most centralized databases.
The implementation of cryptography and blockchain in digital identity may provide at least two major benefits. The first is that users can have better control over how and when their personal information is used. This would greatly reduce the dangers associated with storing sensitive data in centralized databases. Also, blockchain networks can provide higher levels of privacy through the use of cryptographic systems. As mentioned, zero-knowledge proof protocols allow users to prove the validity of their documents without the need to share details about them.
The second advantage is the fact that blockchain-based digital ID systems can be more reliable than the traditional ones. For instance, the use of digital signatures could make it relatively easy to verify the source of a claim made about a user. Other than that, blockchain systems would make it harder for a person to falsify a piece of information, and could effectively protect all sorts of data against frauds.
How can blockchain apply to digital identity systems?
P2Plus Network Protocol Security Different from the traditional P2P network protocol, in order to ensure the privacy of the network transmission and to prevent the gateway nodes from doing evil, the P2Plus network protocol implements point-to-point encryption. To put it simply, Bitcoin and Ethereum are transmitted in plain text during the network transmission process, and other network nodes passing through can 14 be parsed. Although digital signature technology is used to ensure that the transmission content will not be tampered, but don't ensure confidentiality and privacy protection. The P2Plus network protocol uses a point-to-point private key encryption technology. The transmission content is encrypted and only the receiving node can decrypt it, ensuring the confidentiality of transmission content and node privacy. The public-private key mechanism can be used not only to encrypt the communication process but also to authorize access through signatures. Unlike the SSL certificate system and account/password method adopted by OpenSSL, P2Plus authorizes network read/write of 8-bit virtual IP addresses and identifies them by the public key signature of the virtual IP address to prevent false IP address attacks.
BitCherry to P2Plus network protocols plus HashGraph algorithm as the core, I believe BitCherry blockchain technology based on electronic identity would be an efficient and safe technical support.
Blockchain technology has great potential to change the way digital data is verified, stored, and shared. While many companies and startups are already exploring the possibilities, there is a lot to be done. Still, weâll certainly see more services focused on digital ID management in the coming years. And most likely, blockchain will be a central part of it.
The DeFi world is changing rapidly and new gameplay is updating everyday. As the most popular and fastest-developing trading product in the DeFi field, DEX obviously will not miss the fastest-growing derivatives market in the cryptocurrency trading market. In the field of cryptocurrency derivatives, the distinctive perpetual contract has naturally become a high ground for competition in the new battlefield of DEX derivatives.
It is understood that since 2020, at least seven DEX platforms including YFX, DerivaDEX, dYdX, Futureswap, Injective Protocol, MCDEX, and Strike Protocol have announced the launch (or will launch this year) of the decentralized perpetual contract trading market and every of the platforms has adopted different designs in terms of transaction mode, contract mechanism, product specifications and infrastructure, which means all have its own characteristics and strengths.
Compared with several other DEXs, YFX's advantages are particularly obvious and the trading process is more convenient.
YFX is the world's first and only decentralized derivatives trading platform that supports 100x leverage trading.
YFX is the first platform that launched on the TRON mainnet and the handling fee during transfer and transaction is the lowest among all DEXs.
YFX only supports decentralized derivatives trading and the products are more professional and convenient.
YFX is the world's first cross-chain decentralized derivatives trading platform that supports the four public chains of ETH, TRON, BSC, and Heco.
All funds of YFX are managed by smart contracts. The platform cannot operate any funds of users. All smart contract codes are open source and have been audited and verified by professional institutions. Through smart contracts, users can deposit and withdraw their funds at any time.
YFX is the world's first decentralized contract trading platform that supports USDTãcoin and hybrid swap.
YFXâs current trading method adopts an isolated margin trading method, each order is independent of each other, profit and loss are independently settled.
YFX applies the QIC-AMM market maker pool trading method to provide users with extremely high liquidity and extremely low trading slippage. Traders directly trade with QIC-AMM to open and close their position. The depth is a function of the available balance of the LP pool, there is no impermanence loss in the LP pool.
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We would love to welcome you as an active member of our ever growing online community of crypto enthusiasts, investors, traders, entrepreneurs, businesses and influencers and we genuinely hope you will enjoy your time with us and contribute positively to cryptocurrency and blockchain mass awareness and adoption!
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Cryptocurrency Hub is an online community platform that covers a plethora of topics related to cryptocurrency and blockchain technology.
We have specialized discussions board related to Bitcoin (BTC) and to the best altcoins currently being traded in the crypto space such as Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Cardano (ADA) and many others!
This is in addition to boasting a variety of other crypto related subjects such as blockchain tech, decentralization, crypto trading and mining, technical analysis, jobs in the fintech space, etc.
We would love to welcome you as an active member of our ever growing online community of crypto enthusiasts, investors, traders, entrepreneurs, businesses and influencers and we genuinely hope you will enjoy your time with us and contribute positively to cryptocurrency and blockchain mass awareness and adoption!