Archive for the ‘Smart Contracts’ Category

Chainlink and Algorand are two cryptos looking toward AI solutions | Bitcoinist.com – Bitcoinist

In cryptocurrency circles, notable players always explore limitless possibilities, and the integration of AI is on the radar of Chainlink and Algorand. In realizing AI capabilities, they have identified the potential benefits of integrating AI solutions into their blockchains.

Avorak AI is quickly becoming the ultimate AI crypto solutions provider with its offering of simple-to-use but valuable trading tools. Avorak Trade, for example, requires minimal instructions to scan the market 24/7 and identify profitable trade opportunities. It offers an equal chance to novices and experienced traders.

In the wake of a record-breaking ICO, Avorak is already brewing a storm as it effortlessly achieves $750,000 in one month. Avorak is available at $0.180 in phase four. ICO investors have 7% on-top bonuses as they await more benefits, including the expected 350% price increase during its launch. Early investors can look forward to Avoraks listing on the Azbit exchange and access to priority staking pools.

Avorak Write simplifies bulk content generation and rectifies existing tools challenges. Users can direct the text generator to produce the content in their desired form or style.

Algorand (ALGO), the next-generation blockchain network, strives to solve challenges that plagued earlier blockchains. Scalability is one big challenge facing early blockchains. Algorands innovative PoS solution aims to rectify this problem through its high TPS while maintaining security and decentralization. Algorand deploys other features, such as smart contracts and 8creating and exchanging tokens on its blockchain. As a result of these features, many experts and analysts believe that Algorand has the potential for growth as ALGO price prediction projects a value of $54.90 by 2030. Algorands AI solution integration with Avorak AI creates an innovative blockchain project with impact and growth potential in the crypto space.

The Chainlink decentralized Oracle network connects smart contracts to real-world data and events. The Chainlink network consists of nodes run by independent operators (oracles) responsible for aggregating and verifying data. The native cryptocurrency of the Chainlink network is the LINK token that helps pay node operators for their services. It is also a ticket to additional features and services within the network.

Chainlinks current price is $7.22. If LINK reached $10,000, it would translate to 72,220 tokens at the current value. Chainlinks price to shoot up this high demands significant adoption and usage of the network. Chainlink will need state-of-the-art innovations that provide value to its users. Chainlink must also leverage market sentiment and deliver continuous blockchain technology advancements and breakthroughs. All these parameters may sound impossible, but as with any investment, its crucial to research and carry out due diligence.

Chainlink and Algorand have turned toward AI solutions8 to enhance their platforms. While Chainlink focuses on decentralized oracle networks that connect smart contracts to real-world data and events, Algorand aims to provide a secure, scalable, decentralized infrastructure for building dApps. The two projects recognize the potential of Avorak AI to improve their platforms capabilities and are investing in research and development to integrate AI solutions into their ecosystems.

By leveraging the power of AI, these projects can create more efficient, accurate, and secure decentralized systems that can benefit the crypto world.

Find more on Avorak AI here:

Website: https://avorak.aiBuy AVRK: https://invest.avorak.ai/register

Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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Chainlink and Algorand are two cryptos looking toward AI solutions | Bitcoinist.com - Bitcoinist

French central bank explores DeFi risks and regulation – CoinGeek

The Banque de Francepublished a detailed discussion paperthis week on decentralized finance (DeFi), exploring the risks involved in the area and potential regulatory changes that could mitigate them.

The discussion paper was co-authored by Olivier Fliche, Julien Uri and Mathieu Vileyn, members of the Fintech-Innovation Hub at the Autorit de contrle prudentiel et de rsolution (ACPR), the Banque de France-backed organization responsible for the supervision of banking and insurance institutions and their intermediaries.

The paper begins by defining DeFi, which it states is more accurately described as disintermediated finance, as a set of digital asset services similar to financial services but carried out without the intervention of an intermediary and heavily reliant on smart contracts.

This, it claims, comes with inherent risks and limitations, one being that decentralized governance is, in reality, sometimes highly centralized, meaning its often the case that governance tokens are concentrated in the hands of a few players who hold power over the protocol and can make decisions that are detrimental to minority owners.

Along with this fundamental risk, the paper identifies further causes for concern related to, amongst other things, potential flaws in thesmart contract code, the vulnerabilities of blockchain infrastructure to attack, money laundering, and the risks associated with stablecoins.

To mitigate these issues, it recommends improved regulation designed specifically for the unique challenges of DeFi: The main idea developed in this paper is that the regulation of disintermediated finance cannot simply replicate the systems that currently govern traditional finance. On the contrary, regulations must take into account the specific features of DeFi.

Such regulation, the paper explains, should not be a monolithic block but rather a combination of traditional financial regulations and regulations inspired by other economic sectors.

Proposed regulation

Regarding changes to current and incoming regulations, the paper proposes that blockchains be certified according to minimum security standards, which would entail certification of computer code, a minimum number of validators, and a cap on validation capacity concentration.

The paper proposed that a certification mechanism could also be used to strengthen the security of smart contracts computer code, on whichDeFirelies. Certification would be obtained following an auditing process of the contracts and code; it should be withdrawable; and would only be granted for a limited time, to be renewed after any significant change to the code.

Another key concern of the paper was that players exercising control over sensitive services should be required to incorporate. This would mean assigning a legal statute to the intermediaries that allow access to DeFi services, such as decentralized autonomous organizations (DAO), making them incorporate and thus allowing for increased supervision and controlin theory, improving customer protection.

According to the paper, the first step to achieving these DeFi sector improvements would be to explicitly extend the provisions of the European MiCA Regulation to decentralized financial intermediaries.

TheMarkets in Crypto-Assets (MiCA) regulation, which has been in the works since September 2020 and looks set to come into force in early 2024, will bring with it a raft of new legislation aimed at addressing unbacked digital assets as well as stablecoins, exchanges, and wallets. The law isintended to bridge the remaining gaps in EU legislation created by digital assets, allowing industry players to operate without legal ambiguity and authorities to better govern the area.

Currently, DeFi intermediaries do not fall within the scope of MiCA regulation and what it considers crypto asset service providers (CASPs)companies that help users control, trade, or store their digital assetsas the regulation does not apply to services provided in a fully decentralized manner without any intermediary, so either the CASP definition would need to be expanded, or extra allowance made for DeFi intermediaries.

An area MiCA has a lot to say about is stablecoins, a concern it shares with the papers authors at the ACPR Fintech-Innovation Hub.

Stablecoins

The Banque de France discussion paper explains that stablecoins are essential to the functioning of DeFi because they are the settlement assets used for transactions and they are DeFis main point of contact with the real world.

Under MiCA, stablecoin issuers will be required to hold a 1:1 reserve of assets, while those containing the coins must be entitled to claim their true value from the issuer without charge.

However, as mentioned, the MiCA regulation does not apply to decentralized services or cover stablecoins issued or used by such protocols. This gap, the paper proposes, should be bridged by including any stablecoin used or created by a decentralized service within the remit of MiCAs incoming stablecoin regulations.

The authors of the paper state that it is not intended to provide an exhaustive view of all DeFi issues and does not reflect an official ACPR position on the matter. Instead, it aims to develop an analysis of DeFi and how it can be effectively regulated.

The paper concludes with a consultation questionnaire asking for feedback from relevant industry stakeholders on the discussion and proposed changes, to be completed by May 19, 2023.

Watch: BSV On-chain Ecosystem Development in Europe

New to Bitcoin? Check out CoinGeeksBitcoin for Beginnerssection, the ultimate resource guide to learn more about Bitcoinas originally envisioned by Satoshi Nakamotoand blockchain.

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French central bank explores DeFi risks and regulation - CoinGeek

The Paradigm Shift to Cloudless Computing O’Reilly – O’Reilly Radar

TLDR:

Paradigm shifts in computing are as regular as waves on a beach, its hard to see where they came from and even harder to see where they are going. We have seen shifts from mainframe computers to personal computers, and from servers to the cloud. Each shift presented new challenges and opportunities, shaping the way we interact with technology. The most recent large-scale shift was from servers to the cloud, driven by an acknowledgment that using commodity servers run by experts is a better choice for most businesses. Serverless APIs are the culmination of the cloud commoditizing the old hardware-based paradigm. The same process of commoditization that gave rise to the cloud will also bring about the next paradigm, creating a new wave of abstractions and a rising tide for tomorrows applications.

Make yourself a monopoly by growing the markets around you Smart companies try to commoditize their products complements. Joel Spolsky

Learn faster. Dig deeper. See farther.

This iconic Joel Spolsky quote is a testament to his deep understanding of the technology industry and its market dynamics. Spolsky, a renowned software engineer and entrepreneur, co-founded Fog Creek Software, Stack Overflow, and Trello. With years of experience in the field, he has developed keen insights into business strategies and the importance of commoditization in the tech sector. His quote emphasizes the need for companies to create monopolies by commoditizing complementary products, which has proven to be a successful approach for many businesses. This means making the hardware supply chain into a commodity if you make PCs, making PCs into commodities if you sell operating systems, and making servers a commodity by promoting serverless function execution if you sell cloud. What goes around comes around as the cloud becomes the next commodity, and the independent crew of cloudless innovators, the next monopoly breakers.

The new paradigm shift is from the cloud to the protocol network. Protocol networks are groups of loosely affiliated enterprises that provide globally available services like ledger, compute, and storage. Just as serverless is the culmination of the cloud, this move to protocol networks will culminate in cloudless APIs, leading to applications driven by protocols with incentives and capabilities that go beyond what the clouds location-based paradigm can offer. They run on any cloud or other data-center and reward service providers through fees they collect from users.

The new paradigm shift is from the cloud to the protocol network. Protocol networks are groups of loosely affiliated enterprises that provide globally available services like ledger, compute, and storage. Just as serverless is the culmination of the cloud, this move to protocol networks will culminate in cloudless APIs, leading to applications driven by protocols with incentives and capabilities that go beyond what the clouds location-based paradigm can offer. They run on any cloud or other data-center and reward service providers through fees they collect from users.

We call this new paradigm of network protocol based infrastructure cloudless. Its benefits include cost and security improvements as well as lower cognitive overhead and operational burden for developers, users, operators, and enterprises stemming from its location-independence and cryptographic verifiability. This is a technical consequence of content addressing, the hash based identifier system widely used in storage networks and leveraged by peer-to-peer networks for global addressability. Well discuss the technical underpinnings of cloudless later in this article.

As the cloud becomes commoditized and more developers, businesses, and users become aware of Cloudless computings advantages, such as increased data privacy, greater resilience, and lower costs, there will likely be a stronger inclination to embrace these new platforms. The move to more abstract APIs has an element of structural inevitability. As protocol networks emerge and gain traction, we can anticipate a phase change in the technological landscape, akin to the formation of a solid crystal structure from a less stable liquid state. The availability of these new networks serves as a catalyst for change, driving a more rapid transition from cloud-based systems to cloudless computing.

Most consumer-facing apps have not been written in a location-independent way thus far, primarily because the required infrastructure was not yet available to realize the benefits. However, with the advent of Cloudless protocols, we are witnessing a new wave of applications that harness the potential of these technologies. Early adopters have focused on smart contracts and decentralized apps (dApps), but the next wave is much more extensive, encompassing social applications, provable AI execution and training data provenance, big data processing like transcode or map-reduce, and asset delivery for gaming, metaverse, and media. These use cases exemplify the transformative nature of cloudless computing, showcasing its potential to revolutionize various industries and redefine the way we interact with technology.

BENEFITS OF CLOUDLESS COMPUTING

The democratizing effects of the cloudless paradigm are poised to revolutionize the future of applications. For instance, even beginners can create applications that go viral without incurring centralized costs. Imagine crafting a social media app (or remixing an existing one), sharing it with friends, and witnessing it go viralall without having to pay a bill. Cloudless computing reduces cognitive overhead for developers, users, operators, and enterprises, leading to more cost-effective solutions.

Without the need for apps to pay a centralized hosting bill, we can expect to see a broader range of voices and perspectives represented. The user-driven nature of cryptographic identity makes it easier to write new apps using existing data sets, as users can easily grant innovative new chat apps or photo galleries access to their data. This will lead to the development of novel applications we cant even imagine yet. Data DAOs can sponsor the storage of content for the apps they represent. This is a great option for archives and other long-term storage institutions.

With cloudless computing, the inherent cacheability allows for time savings and increased focus on problem-solving. This cacheability goes beyond peer-to-peer and into the foundations of computing. Automated data analysis workloads, in the research world and commercially, are heavy users of shared data and reusable computing, and have the most to gain from automatic data provenance tracking and verification. Data scientists coding in notebooks like Databricks frequently rerun the same transformations on source data. Cacheability is part of what helped leading database vendor Snowflake dominate the market, and now, with cloudless, microservices can be upgraded to use verifiable data and deterministic computing, leveraging cache liveness provided by the protocol network.

Decentralized hosting costs and management enable developers to overcome resource limitations and handle computational loads more effectively. Protocol nodes can be placed in retail locations or edge sensors, allowing for compute to be performed over data at rest at the edge. This eliminates the need for unnecessary data transfers and enables faster, more efficient querying of data. As cryptographic verifiability makes trust more fungible, enterprises will be able to run their businesses on a competitive market of computing infrastructure and specialized algorithm vendors, resulting in lower costs and more robust applications.

Cryptographic identity, verifiable data, and deterministic computing make cloudless apps possible. With location-independent links to data and compute, anyone can access data and execute functions anywhere. By making intelligent use of todays existing cloud providers and network infrastructure, Cloudless protocols add a layer of resilience and trust, enabling new applications and business models, and paving the way for a more interconnected and efficient computing landscape.

Cloudless computing is built upon the principles of decentralization, collaboration, and shared innovation, and its success is dependent on embracing open source and open standards. This approach ensures that the underlying technologies can be continuously improved, adapted, and maintained by a diverse community of stakeholders, eliminating the risk of vendor lock-in, promoting interoperability, and enabling a more resilient and flexible infrastructure. Cloudless computing offers several advantages over serverless cloud computing, such as cost savings, increased choice for developers, and the potential for new business models centered on app and data ownership. These benefits are made possible by the core foundations of cloudless computing: cryptographic identity, verifiable data, and deterministic compute. In the following sections, we will delve into the features that make cloudless apps possible.

Cryptographic identity is fundamental to cloudless computing. It addresses the identity problem and its challenges by leveraging the increasing familiarity with private keys, signing transactions, and verifying hashes. Recent advancements in user experience, such as TouchID/FaceID and secure enclave, have made cryptographic key pairs more accessible to average users, setting the stage for the next generation of applications that take advantage of cryptographic guarantees. The operating system and browser vendors offer password management products that many people are familiar with. Cloudless capability delegation feels a lot like a password manager, only instead of passwords it uses secure signatures, reducing the risk of leaks and hacking.

In this self-sovereign model, users control their own crypto keyrings, granting them greater visibility and authority over their data and online interactions. This eliminates the need for reliance on centralized service providers and prevents lock-in. Access to accounts is maintained by delegating capabilities to other cryptographic actors, such as other devices or account recovery services.

In other words, No lockouts/no lock-in.

Verifiable data enables the storage and retrieval of data that is independently verifiable and authenticated using cryptographic techniques. The peer-to-peer web protocol, IPFS (InterPlanetary File System), for example, uses hash-based Content Identifiers (CIDs) to ensure data integrity and authenticity. These CIDs allow data to be fetched from any location, using location-independent URIs, and provide a layer of safety that systems relying on location-based addresses (like URLs) cannot offer. Because hash-based identifiers are deterministically and uniquely derived from the content they reference, they are unforgeable and tamper-proof, providing the robust foundation for cloudless applications like smart contracts, distributed identity, storage, and compute.

Applications that use verifiable data can benefit from improved security, lower computing costs, and better performance. Global addressability means CIDs enable data to migrate to the most appropriate provider without any loss of trust, and the immutable nature of these addresses allows for efficient caching and acceleration.

Deterministic computing allows for consistent and predictable computations, regardless of data location or infrastructure. It requires a container runtime or execution environment, a way to address data consistently (such as with CIDs), and a secure and verifiable method to invoke the computation.

The benefits of deterministic computing include faster second runs, cost-effective and performant location selection, workload sharing and reuse, edge computing for reduced network costs and improved performance, and the ability to coalesce workloads for cost savings and accelerated output.

By moving from location-dependent APIs to location-agnostic APIs, cloudless computing can optimize data routing and enable greater flexibility and cost savings. This is exemplified by compute-over-data projects like Bacalhau, which leverage the guarantees of cryptographic identity, verifiable data, and deterministic computing to create a competitive marketplace for computing infrastructure and algorithm vendors.

Early adopters of verifiable data include industries like smart contracts, NFTs, and DAOs, as well as organizations focused on maintaining journalistic integrity in reporting. One notable example is the Starling Lab, a nonprofit academic research center that uses cryptography and decentralized protocols to maintain trust in sensitive digital records giving journalistic data the standard of evidence that can be used in war crimes trials. The lab employs the Starling Framework of Capture, Store, Verify for digital media, leveraging IPFS to provide a powerful solution for trust and integrity. Their work demonstrates how verifiable data is essential for preserving and maintaining trust in critical historical data, which can be applied to various other use cases.

The growing demand for verifiable data is shaping the future of cloudless computing and distributed identity systems. Factors such as the rise of cryptocurrencies, blockchain technology, regulations like GDPR, and advancements in AI and machine learning have contributed to the increasing need for verifiable data. As tools mature and the learning curve becomes less steep, organizations working on mission-critical data applications will increasingly adopt these technologies. Existing tools, such as programming notebooks and static site hosting, will evolve to use cloudless technology, further driving the adoption and impact of verifiable data in various industries and applications.

Now that weve reviewed the core enabling technologies, you can see how cloudless makes it possible to reduce costs and gain capabilities. Combining cryptographic identity, verifiable data, and deterministic compute allow for a more cost-efficient and flexible computing landscape, where users and applications can interact in ways not possible with traditional cloud-based systems. By leveraging cryptographic guarantees, cloudless computing unlocks a world of possibilities that extend beyond mere optimizations and cost savings, setting the stage for a future filled with new voices, applications, and opportunities.

As our digital lives become increasingly interconnected, the need for secure and user-friendly distributed identity systems grows more pressing. These systems are vital for protecting individual privacy and granting users control over their data. However, realizing the full potential of distributed identity systems requires overcoming numerous challenges, chief among them being the user experience. This section delves into the importance of UX in distributed identity systems, examining the latest innovations and trends that have improved security and usability, while also discussing the remaining challenges and how they can be addressed.

User experience (UX) is crucial for distributed identity systems, as it ensures ease of use, accessibility, and adoption for users of varying technical expertise. One of the most significant challenges is keypair management. Non-extractable keypairs, recently made available to the mainstream via WebAuthn and biometric authentication systems like TouchID and FaceID, have significantly improved the security and user experience in distributed identity systems.

WebAuthn is a modern web authentication standard that relies on authenticators, such as hardware security keys or platform-based authenticators like fingerprint scanners, to create and manage public-private key pairs securely. The private key remains securely stored on the authenticator and is never exposed, reducing the risk of key theft or unauthorized access.

The increasing familiarity with cryptography, fueled by the widespread adoption of cryptocurrency wallets like MetaMask, has also contributed to a better user experience in distributed identity systems.

Companies like Apple have played a significant role in improving the UX of distributed identity systems. Innovations like TouchID and FaceID, especially when used with open standards like WebAuthn, have made it easier for users to interact with such systems securely. WebAuthn supports non-extractable keypairs, providing enhanced security by ensuring that private keys are securely stored within authenticators and never exposed or extractable.

In addition to these security features, Apples iPhone setup process, which uses local radio and camera/screen inputs for secure pairing, is a great example of seamless user experience. This approach allows for easy capability delegation between device keys, ensuring that users can quickly and securely transfer data and settings between devices. It is worth noting that UCAN, a distributed authorization protocol, also leverages non-extractable keypairs and employs a similar delegation approach for enhanced security and user experience. Both Apple and UCAN demonstrate how integrating these concepts into distributed identity systems can result in a more intuitive and secure user experience.

In contrast, the open-source community often faces challenges in improving UX for distributed identity solutions. Solutions that cater to technical users may not be accessible or user-friendly for non-technical users. For instance, mnemonic passphrase private key sharing in cryptocurrency wallets may be suitable for tech-savvy users but not for the general population. To achieve a better user experience, developers need to invest time and effort in creating robust, user-friendly solutions.

As users become more sophisticated and technology becomes more user-friendly, the challenges of catering to users with less computing experience are gradually being addressed. A range of solutions for multi-signature recovery of crypto assets is available, spanning from powerful tools for geeks to easy-to-use options for non-technical users. The market will reward those with the most trustworthy UX, driving continuous improvement.

Emerging trends, technologies, and practices, such as the increasing demand for verifiable data, will contribute to improved data privacy and ownership through better UX in distributed identity systems. As enterprises recognize the cost-saving and performance-enhancing benefits of data verification, investment in UX for cryptographically aware toolchains will grow, resulting in more accessible and user-friendly cloudless solutions.

In this section, well dive into some technical details around the limitation of bearer tokens, the modern equivalent of cookies, as well as explore alternative cloudless solutions that promise enhanced security and efficiency. Although this discussion is a bit more technical in nature, we encourage readers of all backgrounds to stay engaged, as there is valuable information applicable to everyone. Following this section, we will broaden our focus to address further implications and opportunities in the realm of cloudless computing, data privacy, and distributed identity systems.

Bearer tokens, also known as access tokens or API keys, are commonly used in modern authentication and authorization systems to grant access to protected resources. They are typically issued by an authorization server and are passed along with each request to a resource server, which uses the token to determine whether the client has permission to access the requested resource. While bearer tokens have become a popular choice for authentication and authorization, they also come with several significant limitations.

One major issue with bearer tokens is that they encourage an architecture that routinely proxies data through multiple services. In many cases, a users device must send a request to a central service, which then forwards the request to another service with the bearer token attached. This process may be repeated multiple times before the data is ultimately returned to the users device. This proxying of data through multiple services is done to keep the bearer token secret and prevent it from being intercepted by a malicious actor, but it exacts a heavy cost in terms of performance, reliability, and resource use.

This proxying process is highly inefficient, as it adds multiple extra steps to the data retrieval process and can slow down the overall performance of the application. Additionally, it increases the risk of security breaches, as each service that handles the bearer token is a potential point of failure. Because bearer tokens are simply strings of characters that are passed along with each request, they can be easily intercepted and used by unauthorized parties if they are not properly protected. The more services that handle the bearer token, the greater the risk that it will be intercepted by a malicious actor.

Instead of dwelling on the risks of bearer tokens, lets explore an alternative solution that leverages client-side cryptographic keys to create capabilities, delegations, invocations, and receipts that are safe to store-and-forward without the danger of replay attacks. This approach utilizes cryptographic proofs rather than bearer tokens. By signing each invocation as it is created, the client can safely send it to anyone on the network, who can route it to the service which will run it. This allows workloads to be coalesced and moved to the most cost-effective infrastructure, as described earlier as among the benefits of deterministic computing.

Centralized authentication systems, which often rely on bearer tokens, have their own set of issues. They are controlled by a single entity or organization, which can wield significant power over users and their data. These systems are also vulnerable to data breaches and hacking, resulting in sensitive information falling into the wrong hands. Furthermore, they favor data silos, making it difficult for users to share data across different platforms and services.

UCAN, or User-Controlled Authorization Networks, offers a decentralized access control protocol that enables secure and verifiable data routing by allowing users to delegate access to their capabilities using public key cryptography. Users can grant permission to access their data to other actors through the use of public keys, without the need for a central authority to manage authentication. With UCANs, users control the keys and delegations, and services can cryptographically verify proofs about the authorization data. UCANs rely on cryptographic signatures, reducing the risk of token leakage, stealing, and expiration.

This decentralized and location-independent approach to coding allows services to be composed without the need for a location-based proxy secret model and the risk of bearer token leakage. The compute over data model enables computations to be performed on the data, rather than the data being transported to the computation. This makes data routing possible in a secure and efficient manner, with computations performed and results signed by service providers without relying on intermediaries to handle and transmit the data.

By using verifiable data and UCAN, Cloudless computing demonstrates the benefits of a more secure, efficient, and user-controlled approach to authentication and authorization, moving away from the limitations and risks associated with traditional bearer tokens and centralized systems.

In the world of cloudless computing, a community of hobbyist developers can collaborate on a project, adding features and making modifications to the code as they see fit. Each member can spin up a copy of the app to experiment with, test, and improve. As the app evolves and attracts attention from others, it can grow and fork as new communities adopt the app. The cloudless nature of the project means there are no hosting bills, and the developers can avoid the crippling costs that often accompany the sudden popularity of a traditional application. This democratization of app development enables hobbyist developers to create and adapt applications without the limitations imposed by traditional platforms.

The relationship between hobbyist developers and platforms like GitHub fosters a thriving developer ecosystem. For example, the open-source project TodoMVC demonstrates the power of collaboration and forking on platforms like GitHub. Developers can easily compare different implementations of the same app using various frameworks and libraries, leading to numerous forks and adaptations as developers experiment and personalize the application. This collaborative environment is integral to the growth and success of open-source projects.

Decentralization empowers even hobbyist developers to address the same markets as mainstream applications, enabling them to create popular open-source projects without the constraints of traditional platforms. This leads to a more innovative and diverse app ecosystem, benefiting both developers and users alike.

Cloudless computing enables a wide range of innovative applications, such as:

These new types of apps present unique opportunities for hobbyist developers to create innovative solutions in various sectors, further driving the democratization of app development.

Automation tools, such as GitHub Actions, have emerged from the democratization of app development, supporting hobbyist developers and fostering a more inclusive developer ecosystem. By streamlining the software development process, these tools optimize developer productivity, ensure consistency, and elevate the overall project standard. Continuous integration and deployment enabled by automation tools allow developers to automatically test and build their code upon each commit, ensuring code quality and alignment with project standards. This approach reduces friction between team members, promotes a positive environment, and encourages open-source contributors to feel valued and respected. The result is a thriving, innovative, and successful developer community that benefits from collaboration and shared expertise.

The resilience and accessibility of cloudless computing pave the way for a Cambrian explosion of app developer voices. This democratization of app development breaks down barriers and empowers a diverse range of developers, including hobbyists, to create innovative applications without the constraints of traditional platforms. As we have seen with the unstoppable nature of crypto smart contracts, decentralization can lead to a flourishing ecosystem that transcends geographical, economic, and technical limitations.

The cloudless computing paradigm not only reduces costs and fosters collaboration but also enables developers to create secure, scalable, and efficient solutions across various industries. By embracing the potential of cloudless computing and learning from the success of peer-to-peer technologies like IPFS and Ethereum, we can expect a new wave of groundbreaking applications that enrich the lives of users worldwide.

Ultimately, this democratization of app development will lead to a more inclusive, innovative, and robust ecosystem, where diverse developer voices contribute to a brighter and more connected future.

The advent of Cloudless computing has brought forth numerous groundbreaking applications and protocols that are already transforming the technological landscape. These early Cloudless applications not only showcase the innovative potential of this technology but also highlight the far-reaching impact it can have across various industries.

Smart contracts on platforms like Ethereum are one of the first and most well-known use cases of Cloudless computing. These self-executing contracts allow for secure and automated transactions on the blockchain, eliminating the need for intermediaries and reducing costs.

In the networking sphere, Socket Supply provides a runtime for decentralized applications, enabling developers to build and deploy their apps in a Cloudless environment. This approach promotes efficiency, security, and user control over data and logic.

For storage, Filecoin has emerged as a popular Cloudless solution that allows users to rent out their unused storage space and earn tokens in return. Filecoin leverages a decentralized network of storage providers, ensuring data redundancy and security.

Tableland, an API for decentralized databases, enables developers to build and deploy applications with user-owned data, ensuring privacy and data sovereignty.

Fission and BlueSky are also leading the charge in the Cloudless movement, focusing on giving users control over their data and the logic of the applications they interact with. These technologies empower users by decentralizing ownership and control of data and software, ensuring a more equitable and transparent digital landscape.

Long-standing protocols, such as DNS and HTTP, have paved the way for large-scale cooperation by insulating apps from implementation-specific details. Similarly, Ethereum and other blockchain technologies harness the power of peer-to-peer networks to create immutable logs, while the SWIFT message format enables secure store-and-forward messaging.

As Cloudless computing continues to evolve and mature, we can expect to see even more transformative applications and use cases across various industries. This paradigm shift will empower individuals, foster innovation, and ultimately reshape the digital world as we know it.

Cloudless computing has the potential to democratize the app development process, enabling hobbyist developers to create and share apps without the need for expensive hosting services. The transformative nature of Cloudless computing has already led to the emergence of innovative solutions in various industries, from healthcare to finance. With the development of decentralized hosting and management solutions, the cost and management of computational loads are reduced, allowing developers to handle resource limitations more effectively. The deployment of protocol nodes at the edge enables compute to be performed over data at rest, eliminating the need for unnecessary data transfers and improving the efficiency of querying data. As cryptographic verifiability makes trust more fungible, enterprises will be able to run their businesses on a competitive market of computing infrastructure and specialized algorithm vendors, resulting in lower costs and more robust applications. With Cloudless computing, we can expect a Cambrian explosion of app developer voices and unstoppable smart contract-powered experiences that will transform the way we interact with technology.

As we look towards the future, the transformative power of cloudless computing is becoming increasingly evident. This revolutionary approach to application development and deployment offers numerous benefits, including reduced environmental impact, democratization of app development, enhanced data privacy, and new opportunities for developers and creators alike.

The environmental impact of cloudless computing cannot be overstated. By distributing computational resources across numerous devices and minimizing reliance on centralized data centers, energy consumption and carbon emissions can be significantly reduced. This decentralized approach to computing infrastructure not only promotes sustainability but also encourages innovative solutions for further reducing our digital footprint.

Developers are incentivized by the cloudless computing paradigm as it grants them greater freedom, flexibility, and access to markets previously dominated by mainstream applications. The ease of entry for hobbyist developers, facilitated by platforms like GitHub, fosters a vibrant and inclusive ecosystem that encourages creativity and collaboration.

The democratization of app development is further bolstered by the cloudless paradigm, breaking down barriers for independent developers and leveling the playing field. With the support of collaboration tools and automation like GitHub Actions, a more diverse range of developers can contribute to and benefit from this rapidly growing field.

Data privacy is another critical aspect of cloudless computing. By eliminating reliance on centralized cloud services, users can maintain greater control over their data and ensure that their information remains secure and private. This heightened level of privacy is particularly important in an era where data breaches and privacy concerns are increasingly common.

The rise of Web3 technologies and their impact on creators and rent-taker issues is also noteworthy. Decentralized platforms enable creators to retain control over their content, reduce fees paid to intermediaries, and foster more direct relationships with their audiences. As the Web3 ecosystem continues to evolve, cloudless computing will play a vital role in empowering creators and minimizing rent-seeking behaviors.

In addition to these broader benefits, cloudless computing brings forth a myriad of specific technologies and innovations. The use of UCAN invocations, IPFS, Merkle DAGs, immutable CIDs, and CAR transactions, are just a few examples of the tools that are shaping the future of cloudless computing. These advancements in data structures will eventually resemble GraphQL, SQL, and NoSQL database APIs, highlighting the potential for creating developer-friendly solutions.

Compute-over-Data (CoD) has become a practical way to run computations across large data archives, with compute-over-data projects like Bacalhau using immutable references to code and data to enable low cost big-data processing. Developers are increasingly leveraging tools like w3up and w3ui to delegate data uploads, reducing runtime requirements and avoiding unnecessary data transfers.

Optimized data routing and features like IPLD for HTML enable apps to run in the browser while still making UCAN calls that can be executed, cached, and stored anywhere on the network. The Saturn content delivery network will allow anyone to be compensated for accelerating these workloads.

Lastly, cloudless computing enables new capabilities and opportunities in the computing world. Innovative applications, such as secure voting systems, supply chain management systems, healthcare record management systems, and asset tracking systems, are just a few examples of the potential that cloudless computing offers. As more developers adopt this paradigm, we can expect to see even more groundbreaking innovations and advancements in the technology landscape.

The future of the cloudless paradigm is one of increased efficiency, cost savings, and empowerment for enterprises, developers, and individuals alike. As a market for computing and algorithms develops, data storage and serverless execution will transition from the centralized cathedral of big cloud providers to the decentralized bazaar of networked protocol participants.

A special thanks to the peer-to-peer and distributed data community for their invaluable contributions to the field of cloudless computing. Their dedication and innovation have significantly impacted this transformative technology, fostering a more decentralized, collaborative, and secure digital future. We appreciate their efforts and look forward to the continued growth of cloudless computing, thanks to their inspiring work and visionary leadership. Heartfelt thanks to the editors and individuals who provided feedback on the early drafts of this article. Your insights, suggestions, and attention to detail have been instrumental in shaping the final version.

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The Paradigm Shift to Cloudless Computing O'Reilly - O'Reilly Radar

aelf Enables Payment of Transaction Fees Using Multiple Tokens – Macau Business

HONG KONG SAR Media OutReach 13 April 2023 aelf blockchain is enabling payment of transaction fees using multiple tokens, including mainstream tokens and stablecoins. Users can simply use their Contract Accounts Wallet (CA Wallet) for various payments. With Web3 significantly improving interoperability, accepting multiple tokens for transaction fee payment is a major milestone for enhancing the openness and inclusiveness of public chains. It also creates the foundation for supporting more diverse applications from other ecosystems and connecting them to aelf.

By supporting various tokens as payment methods, aelf sets to create significance and value for the token issuers, project owners and users, offering more opportunities for cooperation and achieving more commercial value for various applications and services. Token issuers can extend the use cases of their tokens and connect them to aelf ecosystem to enhance their liquidity. Project owners can expand their range of applications to increase their competitiveness, attracting more potential users and creating more traffic. Users can enjoy the convenience and flexibility of using different tokens across different chains.

As a public chain, enabling payment of transaction fees using multiple tokens is a significant step forward in widening the use of blockchain technology across industries. It also plays a critical role in promoting Web3 interoperability and the openness and inclusiveness of public chains. By creating a more connected, open, and inclusive blockchain ecosystem, users can enjoy seamless asset transfer between chains, lower transaction fees using the most cost-effective token, and increased flexibility to meet specific needs. Enterprise users can also use the platform to build highly efficient and scalable blockchain solutions.

aelf is excited to launch this new service to enable payment of transaction fees using multiple tokens, which helps to provide a more connected, open, and inclusive blockchain ecosystem. The highly efficient and customizable blockchain infrastructure can support a wide range of applications from different chains, facilitating users payments across various chains. aelf hopes this service can help more enterprises to unveil and utilize the full potential of blockchain and realize the benefits of a more integrated blockchain ecosystem.

As a cloud-native, next-gen, layer-1 blockchain with excellent single-chain performance and built-in cross-chain function, aelf provides an environment that supports smart contracts to run at high speed, enables the execution of smart contracts in parallel, and realizes smart contract microservitization on server clusters.

For users, aelf has an ever-growing ecosystem consisting of the most trending areas in crypto space, from DEX and NFT marketplace to wallet and IDO platforms. For developers, aelf provides a complete set of frameworks and DApps development tools, including blockchain explorer, browser extension wallet, mobile app wallet, multi-language SDKs, aelf CLI, event handler, aelf boilerplate, contract template and code generator, etc. Also, aelfs built-in governance mechanism guarantees a truly decentralized, secure, and stable blockchain network.

The service is already on Testnet starting from April 12, 2023, and it is estimated to go live on Mainnet on April 21, 2023.

Hashtag: #aelf

The issuer is solely responsible for the content of this announcement.

aelf is a high-performance blockchain designed to support the development of Web3 and its explosion in the next 5 to 10 years. Built on cloud computing, aelf has a distributed network of nodes on various cloud data centers. Multiple tools like browser extensions, aelf blockchain explorer, wallet App, and SDKs have been built and open-sourced so that developers can easily build and contribute to aelf ecosystem.

Website: https://aelf.com/ Twitter: https://twitter.com/aelfblockchain Telegram: https://t.me/aelfblockchain Discord: https://discord.gg/bgysa9xjvD

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aelf Enables Payment of Transaction Fees Using Multiple Tokens - Macau Business

Conflux (CFX) and Avalanche (AVAX) Bow Down to TMS Network … – Crypto Reporter

Smart contracts are revolutionizing the world of finance and technology, opening up new possibilities and empowering individuals and organizations alike. Conflux (CFX) and Avalanche (AVAX) are leading the smart-contract charge, but TMS Network (TMSN) leaves them wanting after a 2240% profit increase since its launch.

Conflux (CFX): Reshaping Decentralized Finance

Conflux (CFX), a rapidly growing blockchain network, is making waves in the decentralized finance (DeFi) sector. With its unique Tree-Graph consensus algorithm, Conflux (CFX) can handle a staggering amount of transactions per second (TPS). This speed and scalability give the network a competitive edge over other blockchains.

The Conflux (CFX) network has also developed the Conflux (CFX) Portal, a user-friendly interface that simplifies the creation and management of smart contracts. This accessibility, combined with the networks low transaction fees, makes Conflux (CFX) an ideal choice for developers and users alike.

One of the ways Conflux (CFX) addresses real-world issues is by promoting cross-chain compatibility. The Conflux (CFX) ShuttleFlow enables seamless asset transfers between different blockchain networks, breaking down barriers and fostering collaboration. As a result, the Conflux (CFX) ecosystem is becoming an attractive hub for innovative DeFi solutions.

Avalanche (AVAX): Revolutionizing Asset Management

Avalanche (AVAX) is another trailblazing cryptocurrency offering a high-performance platform that supports decentralized applications (dApps) and custom blockchain deployments. The Avalanche (AVAX) network is built on a unique consensus protocol called Avalanche (AVAX) Consensus, which ensures rapid finality and high throughput, making it an excellent choice for various applications.

Avalanche (AVAX)s versatility is exemplified by its ability to create and manage a diverse range of digital assets. With its innovative approach to asset management, Avalanche (AVAX) empowers individuals, businesses, and organizations to take control of their financial futures.

One way Avalanche (AVAX) solves real-world problems is by offering solutions for asset tokenization. The platforms flexibility enables the creation of tokens representing various assets, including real estate, art, and intellectual property. This asset tokenization can democratize access to investment opportunities and foster economic inclusion.

Avalanche (AVAX)s ability to support complex financial instruments, such as prediction markets and options, also holds significant promise. These tools can help individuals and businesses hedge risks and make better-informed decisions.

Streamlining Asset Management with TMS Network (TMSN)

TMS Network (TMSN), an innovative Ethereum-based all-in-one trading platform, has revolutionized the trading industry by offering a range of advanced tools and features for seamless asset management.

A key aspect of TMS Network (TMSN)s approach to asset management is its robust portfolio management application. This user-friendly tool enables traders to efficiently track, analyze, and manage their investments across multiple asset classes, including cryptocurrencies, equities, foreign exchange, and contracts for difference (CFDs).

By offering a unified dashboard, TMS Network (TMSN) allows users to monitor their holdings, evaluate their performance, and make data-driven decisions to optimize their portfolios.TMS Network (TMSN)s cutting-edge technology and infrastructure ensure the platforms ability to handle high trading volumes and a growing user base, making asset management on TMS Network (TMSN) more scalable and efficient.

Through the streamlining of asset management, TMS Network (TMSN) is empowering traders and investors to focus on what matters most: maximizing their returns in a dynamic and ever-evolving market landscape.

After securing more than $4 million in liquidity since the first phase of its presale, TMS Network (TMSN) tokens are now available during the second phase of presale at $0.05.

For more information, follow the links below:Presale: https://presale.tmsnetwork.ioWebsite: https://tmsnetwork.ioTelegram: https://t.me/tmsnetworkioDiscord: https://discord.gg/njA95e7au6

Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.

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Conflux (CFX) and Avalanche (AVAX) Bow Down to TMS Network ... - Crypto Reporter