The document discusses Klaytn, a hybrid blockchain platform created by Ground X, Kakao's blockchain subsidiary. Some key points:
- Klaytn combines advantages of public (decentralization) and private (scalability) blockchains through an efficient hybrid architecture.
- It aims to provide businesses with a user-friendly blockchain experience with features like low latency, high transaction throughput, and flexible scalability.
- Klaytn's modular design allows enterprises to create customized sub-networks (Service Chains) tailored to their needs.
- It launched in June 2019 and quickly attracted over 40 initial partners across industries like entertainment, ecommerce, and finance.
- Klaytn uses
The basic idea of decentralization is to distribute control and authority to the peripheries of an organization instead of one central body being in full control of the organization.
My presentation prepared for the one-day national level workshop on "Blockchain Technologies" organised by the Department of Information Technology, Academy of Maritime Education and Training. The presentation covers the definition, classification, components, structure and working of ethereum and bitcoin blockchains.
This document discusses incorporating blockchain technology into supply chain management for tracking items through the supply chain and beyond. It begins with an executive overview, then provides background on blockchain including how it uses distributed databases of linked blocks to securely record transactions and share information. The document outlines potential applications of blockchain for supply chain management, as well as current commercial uses and alternative blockchain designs being developed.
Blockchain : A Catalyst for New Approaches in Insurance VIJAY MUTHU
Blockchain technology and smart contracts have the potential to significantly impact the insurance industry. Smart contracts allow insurance policies, claims, and settlements to be automatically executed based on predefined rules and data inputs from oracles and IoT sensors. This could accelerate the development of on-demand or usage-based insurance products. It may also simplify and automate claims management by automatically validating events and processing payouts. While smart contracts offer benefits of increased efficiency, automation, and transparency, their large-scale implementation also faces challenges related to governance, legal standards, and technical scalability that require further development.
Banks are facing demands for increased speed, convenience, and security from sophisticated customers, as well as demands for greater transparency from regulators. Blockchain and distributed ledger technology could transform the banking industry by enabling faster, more accurate payments at lower costs. The document proposes using blockchain to make banking systems more efficient, secure, and transparent through real-time global payments and reduced transaction processing costs. However, blockchain applications would need to address security issues like 51% attacks and difficulties updating data, as well as ensure sufficient network size and scalability to handle large banking data sets while complying with privacy laws.
The document is a project report on developing a blockchain-based banking system. It includes an introduction, background study on blockchain technology concepts like blocks and mining, a detailed design section describing transaction processing and block creation, and an implementation section showing smart contract code for creating tokens and implementing standard ERC20 functionality. The goal is to upgrade existing banking systems to leverage blockchain technology for processing payments in a decentralized manner without a central authority.
The basic idea of decentralization is to distribute control and authority to the peripheries of an organization instead of one central body being in full control of the organization.
My presentation prepared for the one-day national level workshop on "Blockchain Technologies" organised by the Department of Information Technology, Academy of Maritime Education and Training. The presentation covers the definition, classification, components, structure and working of ethereum and bitcoin blockchains.
This document discusses incorporating blockchain technology into supply chain management for tracking items through the supply chain and beyond. It begins with an executive overview, then provides background on blockchain including how it uses distributed databases of linked blocks to securely record transactions and share information. The document outlines potential applications of blockchain for supply chain management, as well as current commercial uses and alternative blockchain designs being developed.
Blockchain : A Catalyst for New Approaches in Insurance VIJAY MUTHU
Blockchain technology and smart contracts have the potential to significantly impact the insurance industry. Smart contracts allow insurance policies, claims, and settlements to be automatically executed based on predefined rules and data inputs from oracles and IoT sensors. This could accelerate the development of on-demand or usage-based insurance products. It may also simplify and automate claims management by automatically validating events and processing payouts. While smart contracts offer benefits of increased efficiency, automation, and transparency, their large-scale implementation also faces challenges related to governance, legal standards, and technical scalability that require further development.
Banks are facing demands for increased speed, convenience, and security from sophisticated customers, as well as demands for greater transparency from regulators. Blockchain and distributed ledger technology could transform the banking industry by enabling faster, more accurate payments at lower costs. The document proposes using blockchain to make banking systems more efficient, secure, and transparent through real-time global payments and reduced transaction processing costs. However, blockchain applications would need to address security issues like 51% attacks and difficulties updating data, as well as ensure sufficient network size and scalability to handle large banking data sets while complying with privacy laws.
The document is a project report on developing a blockchain-based banking system. It includes an introduction, background study on blockchain technology concepts like blocks and mining, a detailed design section describing transaction processing and block creation, and an implementation section showing smart contract code for creating tokens and implementing standard ERC20 functionality. The goal is to upgrade existing banking systems to leverage blockchain technology for processing payments in a decentralized manner without a central authority.
5 Industries that Blockchain will Disrupt | Blockchain Technology | Blockchai...Simplilearn
Here are the 5 Industries that Blockchain will disrupt! Blockchain is a distributed ledger technology that underlies cryptocurrencies. It's a technology that holds a lot of promise for the future, and it is already disrupting many industries. The sooner an investor realizes this, the sooner they will see how exactly it might be applied to different industries, giving them a degree of clarity with can help them measure the potential of a project to disrupt a particular industry. Now, let's deep dive into this video to understand the 5 industries that Blockchain will disrupt.
Below are the 5 industries that Blockchain will disrupt and are discussed in this presentation.
1. Banking
2. Cyber Security
3. Supply Chain Management
4. Healthcare
5. Governments
Simplilearn’s Blockchain Certification Training has been designed for developers who want to decipher the global craze surrounding Blockchain, Bitcoin and cryptocurrencies. You’ll learn the core structure and technical mechanisms of Bitcoin, Ethereum, Hyperledger and Multichain Blockchain platforms, use the latest tools to build Blockchain applications, set up your own private Blockchain, deploy smart contracts on Ethereum and gain practical experience with real-world projects.
Why learn Blockchain?
Blockchain technology is the brainchild of Satoshi Nakamoto, which enables digital information to be distributed. A network of computing nodes makes up the Blockchain. Durability, robustness, success rate, transparency, incorruptibility are some of the enticing characteristics of Blockchain. By design, Blockchain is a decentralized technology which is used by a global network of the computer to manage Bitcoin transactions easily. Many new business applications will result in the usage of Blockchain such as Crowdfunding, smart contracts, supply chain auditing, Internet of Things(IoT), etc.
This Blockchain Certification course offers a hands-on training covering relevant topics in cryptocurrency and the wider Blockchain space. From a technological standpoint, you will develop a strong grasp of core Blockchain platforms, understand what Bitcoin is and how it works, learn key vocabulary and concepts commonly used when discussing Blockchain and understand why engineers are motivated to create an app with Ethereum. Hands-on exercises and projects will give you practical experience in real-world Blockchain development scenarios.
After completing this course, you will be able to:
1. Apply Bitcoin and Blockchain concepts in business situations
2. Build compelling Blockchain applications using the Ethereum Blockchain
3. Design, test and deploy secure Smart Contracts
4. Use the latest version of Ethereum development tools (Web3 v1.0)
5. Develop Hyperledger Blockchain applications using Composer Framework
6. Model the Blockchain applications using Composer modeling language
Learn more at: https://www.simplilearn.com
Yao Yao, Jack Rasmus-Vorrath, Ivelin Angelov
https://github.com/yaowser/basic_blockchain
https://www.slideshare.net/YaoYao44/blockchain-security-and-demonstration/
Distributed ledger technology over a network of computers, which provides an alternative to the centralized system
Distributed Database
Peer-to-Peer Transmission
Transparency with Pseudonymity
Records are immutable
Computational Logic
https://www.youtube.com/watch?v=5ArZxRdhyPc
Blockchain technology provides several benefits for finance applications:
1. It enables more efficient processes, reduced costs, and new services in banking through open and secure networks.
2. It allows digital securities to be issued faster and at lower costs with more customization.
3. Applications include reducing fraud, improving security and trust through transparency and smart contracts, and enabling new tools for activities like clearing and settlement, collateral management, and insurance claims processing.
MIT Blockchain Class - Intro and OverviewMarian Cook
This 6-week online program examines blockchain technology from an economic perspective, drawing on the work of MIT faculty and experts. Over the course of the program, participants will learn the fundamentals of how blockchain works to demystify it, appreciate its applications and potential within their own organizations, and understand blockchain beyond basic concepts. The program aims to help participants identify problems that may benefit from blockchain solutions and evaluate business uses of the technology through strategic analysis.
In this case study, we are providing information about the Introduction of Blockchain Technology, Bitcoin and its environment setup, Ethereum coin, other cryptocurrencies, Bitcoin in education, and a case study of healthcare using blockchain.
The blockchain is the technology the underpins digital currency (Bitcoin, Litecoin, Ethereum, and the like). The tech allows digital information to be distributed, but not copied. ... You may hear it described as a “digital ledger” stored in a distributed network.
This document discusses the potential for blockchain technology to disrupt the financial services industry. It notes that while front-office functions have been disrupted by fintech innovations, middle and back office processes remain inefficient. Blockchain provides an opportunity to untangle this complexity by creating a shared, distributed ledger that allows for secure and automated transactions without intermediaries. The document outlines key components of blockchain like smart contracts and considers challenges to realizing its potential, such as regulatory issues, scalability, and integrating analytics.
This document summarizes research on blockchain sharding. It begins by explaining that as blockchains grow in size, maintaining full copies of ledgers becomes inefficient. Sharding solves this by dividing the ledger across nodes. Each node then only maintains a fragment, improving scalability. The document then discusses various consensus algorithms like proof-of-work and outlines challenges in applying database sharding to blockchains. It also examines cross-shard transactions and how sharding protocols must ensure atomicity. In conclusion, the document argues that sharding can significantly improve blockchain scaling and security by distributing the ledger across multiple "shard chains".
Blockchain and Smart Contracts (Series: Blockchain Basics 2020) Financial Poise
This webinar provided an overview of blockchain and smart contracts. It defined blockchain as a decentralized ledger maintained by a network of nodes validating transactions, giving examples of public and private blockchains. Smart contracts were defined as computer code stored on the blockchain that automatically executes transactions if predetermined conditions are met. The webinar discussed examples of smart contracts like mortgages, land records, and invoices. It concluded by introducing the panel of experts who would discuss blockchain and smart contracts in more detail.
This document summarizes a presentation about blockchain on Azure. It discusses:
1. The four pillars of blockchain - secure, shared, distributed, and ledger.
2. Different types of blockchain networks including public, private, and consortium.
3. Why Microsoft is well-positioned for blockchain with its open ecosystem on Azure.
4. How blockchain is evolving from simple ledgers to incorporating smart contracts and external data access through cryptlets.
5. Examples of blockchain applications including supply chain management and social good projects.
Matching Identity Management Solutions to Self-Sovereign Identity PrinciplesTommy Koens
We created an analysis of near 50 (blockchain based) digital identity management solutions, and matched these against Self Sovereign Identity (SSI) management principles, and additional requirements.
This document discusses using Intel's Software Guard Extensions (SGX) for reaching consensus in distributed ledger technologies. SGX creates a hardware-based trusted execution environment that could offer a new way to reach consensus with fewer participants than proof-of-work algorithms while maintaining security. However, SGX also has limitations, including known side-channel attacks and functional issues like vendor lock-in. The document evaluates the promises and risks of using SGX for consensus, concluding that while SGX research is improving security, it may not be suitable for applications requiring very strong confidentiality due to inherent risks that cannot be mathematically proven away.
Blockchain is a growing list of data blocks that are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. This makes blockchain resistant to modification of the data. The first blockchain was created by Satoshi Nakamoto in 2008 as a public ledger for bitcoin transactions. Blockchain has various applications including cryptocurrencies, financial services, and supply chain management. While it provides benefits of decentralization, security and transparency, blockchain also faces challenges related to scalability, interoperability, regulations and initial costs for banks to implement.
Blockchain Application Design and Development, and the Case of Programmable M...Ingo Weber
Slides from my CLOSER 2021 keynote ( https://www.insticc.org/node/TechnicalProgram/closer/2021/presentationDetails/1390 )
Blockchain has emerged as a decentralized platform for managing digital assets and executing 'smart contracts', i.e., user-defined code. While blockchain's suitability for a given use case should always be scrutinized, it does have the potential to disrupt many of the connection points between individuals, companies, and government entities. In this keynote talk, I will provide an overview of what architects and developers need to know in order to build blockchain-based applications, and how it relates to the cloud and software services. Among others, I will cover blockchain-as-a-service concepts, as well as architectural concerns and model-driven engineering for blockchain applications, the latter also in relation to collaborative business processes. To highlight some of the challenges, I will discuss insights from a project on "programmable money", i.e., blockchain-based money for conditional payments where the money itself checks whether it can be spent in a certain way at the point of payment. Finally, I will touch on insights into current adoption of blockchain.
The document provides information about a trainer named Mr. Kovalan Balamany who has 12 years of experience in public speaking, training and development. He has worked as a trainer on blockchain technology and cryptocurrency for a Chinese company and has facilitated trainings for over 5000 traders. The document outlines his qualifications and certifications. It also provides an overview of the course modules to be covered including blockchain fundamentals, applications of blockchain like cryptocurrency and Bitcoin, and blockchain implementation and innovations.
This document provides an overview of blockchain technology, how it works, and its applications. It defines blockchain as a decentralized digital ledger consisting of blocks that record transactions across networks so past transactions cannot be altered. The document outlines the history of blockchain, how it provides security through hashing and proof-of-work algorithms, and how cryptocurrencies use blockchain to be immune from counterfeiting without central authorities. It then provides an example of how a basic bitcoin transaction occurs between parties on the blockchain network.
Blockchain technology is a type of distributed database that achieves consensus in an open network without a central authority. However, blockchain may not always be needed, as other distributed database solutions can often achieve the same goals more efficiently. The unique property of blockchain is enabling consensus in a permissionless network, but for permissioned networks a traditional distributed database may suffice. While blockchain technology has potential benefits, its applications are currently limited to scenarios where no trusted third party is available. Other existing distributed database technologies can often meet use case needs without blockchain's limitations.
Blockchain is a growing list of records called blocks that are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. This design makes blockchains resistant to modification, as altering any block would require recalculating hashes for the entire chain. The blockchain is managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. By design, blockchains are inherently resistant to modification of the data.
Improved Particle Swarm Optimization Based on Blockchain Mechanism for Flexib...BRNSSPublicationHubI
This document summarizes a research article about developing an improved particle swarm optimization algorithm using blockchain for flexible job shop scheduling and online gambling applications. It discusses how blockchain collects data from IoT devices and uses machine learning to analyze the data in real-time. The paper presents a blockchain-based betting application that was developed using Node.js, Web3 API, and Remix IDE. Key aspects of developing and testing the application are described, including user registration, login, and placing bets processes. The conclusion recommends further enhancing the system by fully implementing it on the blockchain for improved security and reliability.
Blockchain technology has several important uses including facilitating secure transactions, lowering compliance costs, and accelerating data processing. It can be applied to smart contracts, money transfers, digital media, IoT, and more. Specific companies in each sector are utilizing blockchain, such as BurstIQ for healthcare data sharing, Propy for real estate transactions, and Circle for cryptocurrency investments and exchanges. Blockchain works by recording transactions in distributed ledgers called blocks that are verified across a network.
5 Industries that Blockchain will Disrupt | Blockchain Technology | Blockchai...Simplilearn
Here are the 5 Industries that Blockchain will disrupt! Blockchain is a distributed ledger technology that underlies cryptocurrencies. It's a technology that holds a lot of promise for the future, and it is already disrupting many industries. The sooner an investor realizes this, the sooner they will see how exactly it might be applied to different industries, giving them a degree of clarity with can help them measure the potential of a project to disrupt a particular industry. Now, let's deep dive into this video to understand the 5 industries that Blockchain will disrupt.
Below are the 5 industries that Blockchain will disrupt and are discussed in this presentation.
1. Banking
2. Cyber Security
3. Supply Chain Management
4. Healthcare
5. Governments
Simplilearn’s Blockchain Certification Training has been designed for developers who want to decipher the global craze surrounding Blockchain, Bitcoin and cryptocurrencies. You’ll learn the core structure and technical mechanisms of Bitcoin, Ethereum, Hyperledger and Multichain Blockchain platforms, use the latest tools to build Blockchain applications, set up your own private Blockchain, deploy smart contracts on Ethereum and gain practical experience with real-world projects.
Why learn Blockchain?
Blockchain technology is the brainchild of Satoshi Nakamoto, which enables digital information to be distributed. A network of computing nodes makes up the Blockchain. Durability, robustness, success rate, transparency, incorruptibility are some of the enticing characteristics of Blockchain. By design, Blockchain is a decentralized technology which is used by a global network of the computer to manage Bitcoin transactions easily. Many new business applications will result in the usage of Blockchain such as Crowdfunding, smart contracts, supply chain auditing, Internet of Things(IoT), etc.
This Blockchain Certification course offers a hands-on training covering relevant topics in cryptocurrency and the wider Blockchain space. From a technological standpoint, you will develop a strong grasp of core Blockchain platforms, understand what Bitcoin is and how it works, learn key vocabulary and concepts commonly used when discussing Blockchain and understand why engineers are motivated to create an app with Ethereum. Hands-on exercises and projects will give you practical experience in real-world Blockchain development scenarios.
After completing this course, you will be able to:
1. Apply Bitcoin and Blockchain concepts in business situations
2. Build compelling Blockchain applications using the Ethereum Blockchain
3. Design, test and deploy secure Smart Contracts
4. Use the latest version of Ethereum development tools (Web3 v1.0)
5. Develop Hyperledger Blockchain applications using Composer Framework
6. Model the Blockchain applications using Composer modeling language
Learn more at: https://www.simplilearn.com
Yao Yao, Jack Rasmus-Vorrath, Ivelin Angelov
https://github.com/yaowser/basic_blockchain
https://www.slideshare.net/YaoYao44/blockchain-security-and-demonstration/
Distributed ledger technology over a network of computers, which provides an alternative to the centralized system
Distributed Database
Peer-to-Peer Transmission
Transparency with Pseudonymity
Records are immutable
Computational Logic
https://www.youtube.com/watch?v=5ArZxRdhyPc
Blockchain technology provides several benefits for finance applications:
1. It enables more efficient processes, reduced costs, and new services in banking through open and secure networks.
2. It allows digital securities to be issued faster and at lower costs with more customization.
3. Applications include reducing fraud, improving security and trust through transparency and smart contracts, and enabling new tools for activities like clearing and settlement, collateral management, and insurance claims processing.
MIT Blockchain Class - Intro and OverviewMarian Cook
This 6-week online program examines blockchain technology from an economic perspective, drawing on the work of MIT faculty and experts. Over the course of the program, participants will learn the fundamentals of how blockchain works to demystify it, appreciate its applications and potential within their own organizations, and understand blockchain beyond basic concepts. The program aims to help participants identify problems that may benefit from blockchain solutions and evaluate business uses of the technology through strategic analysis.
In this case study, we are providing information about the Introduction of Blockchain Technology, Bitcoin and its environment setup, Ethereum coin, other cryptocurrencies, Bitcoin in education, and a case study of healthcare using blockchain.
The blockchain is the technology the underpins digital currency (Bitcoin, Litecoin, Ethereum, and the like). The tech allows digital information to be distributed, but not copied. ... You may hear it described as a “digital ledger” stored in a distributed network.
This document discusses the potential for blockchain technology to disrupt the financial services industry. It notes that while front-office functions have been disrupted by fintech innovations, middle and back office processes remain inefficient. Blockchain provides an opportunity to untangle this complexity by creating a shared, distributed ledger that allows for secure and automated transactions without intermediaries. The document outlines key components of blockchain like smart contracts and considers challenges to realizing its potential, such as regulatory issues, scalability, and integrating analytics.
This document summarizes research on blockchain sharding. It begins by explaining that as blockchains grow in size, maintaining full copies of ledgers becomes inefficient. Sharding solves this by dividing the ledger across nodes. Each node then only maintains a fragment, improving scalability. The document then discusses various consensus algorithms like proof-of-work and outlines challenges in applying database sharding to blockchains. It also examines cross-shard transactions and how sharding protocols must ensure atomicity. In conclusion, the document argues that sharding can significantly improve blockchain scaling and security by distributing the ledger across multiple "shard chains".
Blockchain and Smart Contracts (Series: Blockchain Basics 2020) Financial Poise
This webinar provided an overview of blockchain and smart contracts. It defined blockchain as a decentralized ledger maintained by a network of nodes validating transactions, giving examples of public and private blockchains. Smart contracts were defined as computer code stored on the blockchain that automatically executes transactions if predetermined conditions are met. The webinar discussed examples of smart contracts like mortgages, land records, and invoices. It concluded by introducing the panel of experts who would discuss blockchain and smart contracts in more detail.
This document summarizes a presentation about blockchain on Azure. It discusses:
1. The four pillars of blockchain - secure, shared, distributed, and ledger.
2. Different types of blockchain networks including public, private, and consortium.
3. Why Microsoft is well-positioned for blockchain with its open ecosystem on Azure.
4. How blockchain is evolving from simple ledgers to incorporating smart contracts and external data access through cryptlets.
5. Examples of blockchain applications including supply chain management and social good projects.
Matching Identity Management Solutions to Self-Sovereign Identity PrinciplesTommy Koens
We created an analysis of near 50 (blockchain based) digital identity management solutions, and matched these against Self Sovereign Identity (SSI) management principles, and additional requirements.
This document discusses using Intel's Software Guard Extensions (SGX) for reaching consensus in distributed ledger technologies. SGX creates a hardware-based trusted execution environment that could offer a new way to reach consensus with fewer participants than proof-of-work algorithms while maintaining security. However, SGX also has limitations, including known side-channel attacks and functional issues like vendor lock-in. The document evaluates the promises and risks of using SGX for consensus, concluding that while SGX research is improving security, it may not be suitable for applications requiring very strong confidentiality due to inherent risks that cannot be mathematically proven away.
Blockchain is a growing list of data blocks that are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. This makes blockchain resistant to modification of the data. The first blockchain was created by Satoshi Nakamoto in 2008 as a public ledger for bitcoin transactions. Blockchain has various applications including cryptocurrencies, financial services, and supply chain management. While it provides benefits of decentralization, security and transparency, blockchain also faces challenges related to scalability, interoperability, regulations and initial costs for banks to implement.
Blockchain Application Design and Development, and the Case of Programmable M...Ingo Weber
Slides from my CLOSER 2021 keynote ( https://www.insticc.org/node/TechnicalProgram/closer/2021/presentationDetails/1390 )
Blockchain has emerged as a decentralized platform for managing digital assets and executing 'smart contracts', i.e., user-defined code. While blockchain's suitability for a given use case should always be scrutinized, it does have the potential to disrupt many of the connection points between individuals, companies, and government entities. In this keynote talk, I will provide an overview of what architects and developers need to know in order to build blockchain-based applications, and how it relates to the cloud and software services. Among others, I will cover blockchain-as-a-service concepts, as well as architectural concerns and model-driven engineering for blockchain applications, the latter also in relation to collaborative business processes. To highlight some of the challenges, I will discuss insights from a project on "programmable money", i.e., blockchain-based money for conditional payments where the money itself checks whether it can be spent in a certain way at the point of payment. Finally, I will touch on insights into current adoption of blockchain.
The document provides information about a trainer named Mr. Kovalan Balamany who has 12 years of experience in public speaking, training and development. He has worked as a trainer on blockchain technology and cryptocurrency for a Chinese company and has facilitated trainings for over 5000 traders. The document outlines his qualifications and certifications. It also provides an overview of the course modules to be covered including blockchain fundamentals, applications of blockchain like cryptocurrency and Bitcoin, and blockchain implementation and innovations.
This document provides an overview of blockchain technology, how it works, and its applications. It defines blockchain as a decentralized digital ledger consisting of blocks that record transactions across networks so past transactions cannot be altered. The document outlines the history of blockchain, how it provides security through hashing and proof-of-work algorithms, and how cryptocurrencies use blockchain to be immune from counterfeiting without central authorities. It then provides an example of how a basic bitcoin transaction occurs between parties on the blockchain network.
Blockchain technology is a type of distributed database that achieves consensus in an open network without a central authority. However, blockchain may not always be needed, as other distributed database solutions can often achieve the same goals more efficiently. The unique property of blockchain is enabling consensus in a permissionless network, but for permissioned networks a traditional distributed database may suffice. While blockchain technology has potential benefits, its applications are currently limited to scenarios where no trusted third party is available. Other existing distributed database technologies can often meet use case needs without blockchain's limitations.
Blockchain is a growing list of records called blocks that are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. This design makes blockchains resistant to modification, as altering any block would require recalculating hashes for the entire chain. The blockchain is managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. By design, blockchains are inherently resistant to modification of the data.
Improved Particle Swarm Optimization Based on Blockchain Mechanism for Flexib...BRNSSPublicationHubI
This document summarizes a research article about developing an improved particle swarm optimization algorithm using blockchain for flexible job shop scheduling and online gambling applications. It discusses how blockchain collects data from IoT devices and uses machine learning to analyze the data in real-time. The paper presents a blockchain-based betting application that was developed using Node.js, Web3 API, and Remix IDE. Key aspects of developing and testing the application are described, including user registration, login, and placing bets processes. The conclusion recommends further enhancing the system by fully implementing it on the blockchain for improved security and reliability.
Blockchain technology has several important uses including facilitating secure transactions, lowering compliance costs, and accelerating data processing. It can be applied to smart contracts, money transfers, digital media, IoT, and more. Specific companies in each sector are utilizing blockchain, such as BurstIQ for healthcare data sharing, Propy for real estate transactions, and Circle for cryptocurrency investments and exchanges. Blockchain works by recording transactions in distributed ledgers called blocks that are verified across a network.
Streakk is a blockchain that allows users to build customized sidechains for specific uses. It offers high scalability with over 100,000 transactions per second and low fees of $0.0001. The main Streakk chain serves as a secure backbone, while independent sidechains can be customized for different needs using varied consensus mechanisms. Validators process transactions on both the main chain and sidechains, earning rewards. This multi-chain architecture provides flexibility and scalability while maintaining security.
Blockchain for Digital Transformation in TelcoBlockchain Worx
This document discusses how blockchain technology can enable digital transformation in the telecom sector. It provides examples of potential use cases for blockchain like digital identity management, IoT networks, payment gateways, and smart cities. The document outlines a 5-step methodology for harnessing blockchain's potential, and emphasizes the importance of identifying pilot use cases, integrating with existing systems, and collaborating across industries and with regulators.
Fair and trustworthy: Lock-free enhanced tendermint blockchain algorithmTELKOMNIKA JOURNAL
Blockchain Technology is exclusively used to make online transactions secure by
maintaining a distributed and decentralized ledger of records across multiple computers.
Tendermint is a general-purpose blockchain engine that is composed of two
parts; Tendermint Core and the blockchain application interface. The application interface
makes Tendermint suitable for a wide range of applications. In this paper, we
analyze and improve Practical Byzantine Fault Tolerant (PBFT), a consensus-based
Tendermint blockchain algorithm. In order to avoid negative issues of locks, we first
propose a lock-free algorithm for blockchain in which the proposal and voting phases
are concurrent whereas the commit phase is sequential. This consideration in the algorithm
allows parallelism. Secondly, a new methodology is used to decide the size
of the voter set which is a subset of blockchain nodes, further investigating the block
sensitivity and trustworthiness of nodes. Thirdly, to fairly select the voter set nodes,
we employ the random walk algorithm. Fourthly, we imply the wait-freedom property
by using a timeout due to which all blocks are eventually committed or aborted. In
addition, we have discussed voting conflicts and consensuses issues that are used as a
correctness property, and provide some supportive techniques.
Blockchain is a distributed database that records all transactions in a verifiable and permanent way by achieving consensus among participants. It was first conceptualized in 2008 as the backbone technology for bitcoin. A blockchain contains a history of all transactions and blocks are linked together using cryptography, ensuring data cannot be altered retroactively. Blockchain has many applications including cryptocurrency, smart contracts, financial services, supply chain management and more. It provides advantages like verification without intermediaries, immutable and append-only data, security through cryptography, and a distributed network with no single point of failure.
My talk at IDNOG5 (ID Network Operators Group) Conference, Jakarta, 2018, covers a short overview of fintech, cryptocurrency & blockchain + a networking perspective/use cases at the end
This document discusses blockchain technology and its potential applications. It begins with an introduction to blockchain as a decentralized ledger that allows transactions to be confirmed without an intermediary. It then provides more details on how blockchain works, including how blocks are added in a chronological chain. The document also discusses how blockchain could be used in various industries like finance, providing examples of banks exploring blockchain applications. It concludes that blockchain allows secure transactions in a transparent way without third parties by recording all deals in a public ledger.
Blockchain can be used across the whole manufacturing industry to address all different types of projects and stakeholders. Its value to the manufacturing vertical is promising as Industry 4.0 continues to grow.
CSE is developing a blockchain 3.0 platform to address scalability issues with current blockchains. It utilizes several innovative technologies including a supernode architecture with micro-nodes, masternodes and quantum chips to greatly increase speed and throughput. CSE also aims to enhance smart contracts with a Smart Contract 2.0 that addresses legal issues. The platform seeks to power a cryptocurrency exchange and aims to build a global blockchain alliance.
CSE is developing a blockchain 3.0 platform to address scalability issues with current blockchains. It utilizes several innovative technologies including a supernode architecture with micro-nodes, masternodes and quantum chips to dramatically increase speeds. CSE also features smart contract 2.0 capabilities and a crypto securities exchange. The goal is to create an ecosystem that can process far more transactions per second than existing blockchains through approaches like lightning networks, hyperthreading and quantum computing advantages.
Blockchain in FinTech document provides an overview of blockchain technology and its applications in the financial technology sector. It discusses the evolution of distributed systems and how blockchain aims to resolve issues in current centralized systems. The document outlines the key components and types of blockchain solutions, popular platforms like Ethereum, and tools for blockchain development. It also examines use cases for blockchain in fintech, including facilitating direct money transfers without intermediaries and registering digital contracts that self-enforce agreements. The next steps are building expertise in this emerging domain to take advantage of blockchain's disruptive potential.
How Blockchain Development Can Revolutionize Your Digital Strategy.pdfPixel Softwares
Reinvent Digital Dynamics: Embrace the power of blockchain technology to reimagine your digital strategy. With decentralized solutions and smart contracts, Pixel Softwares can revolutionize your business landscape.
computerweekly.com 17-23 September 2019 16W hen people int.docxmccormicknadine86
computerweekly.com 17-23 September 2019 16
W hen people interact with each other, for example via financial transactions, sharing legal docu-ments or trading through supply chains, they need a high level of confidence that the data
recording their interaction is accurate and true.
A distributed ledger makes it possible to build applications
where multiple parties can execute transactions online without
the need to trust a central authority or indeed each other.
Over the past few years, the number of use cases for distributed
ledgers, and their more specialised form, blockchains, has been
increasing, as has the technology to support the underlying infra-
structure and build applications on top of it.
With a distributed ledger, every user has their own full, or in some
cases partial, copy of the database, referred to as a node, which
can be a physical device, a virtual machine or a software container.
Each node runs the relevant software to provide the infrastruc-
ture management and the relevant application, including the
ability to complete “smart contracts” that negotiate the direct
exchange of assets between participating nodes.
consensus
For a transaction to proceed, all nodes must verify a transaction
and agree its order on the ledger.
Doing so is termed “consensus”, which is necessary, for exam-
ple, to avoid double counting or overspending when it comes to
financial assets.
Consensus involves four steps, from the transaction being
initiated to it being committed on all nodes with a timestamp
InsIde blockchaIn and Its
varIous applIcatIons
Bob Tarzey explores the technology around
blockchain shaping how businesses use data
BUYER’S GUIDE TO BLOCKCHAIN | PART 2 OF 3
G
O
LD
EN
S
IK
O
R
K
A
/A
D
O
B
E
Home
http://www.computerweekly.com
https://searchcio.techtarget.com/definition/blockchain
https://searchservervirtualization.techtarget.com/definition/virtual-machine
https://www.techtarget.com/contributor/Bob-Tarzey
computerweekly.com 17-23 September 2019 17
Home
News
How IT departments
can find different
ways to upskill in
the new economy
Travel company Clarity
bakes ThoughtSpot
search and AI functions
into analytics tool
Digital factory
approach signals a new
departure for Network
Rail’s IT strategy
Editor’s comment
Buyer’s guide
to blockchain
Delivering cloud in the
financial services sector
How 5G will transform
your business
Downtime
providing a unique cryptographic signature. These steps can be
completed in seconds or minutes, depending on the technology.
Blockchains are distinguished from other distributed ledgers in
being updated by adding blocks of new transactions to create an
immutable tamper-proof log of sensitive activity.
The right to write blocks may require proof-of-work – which
can be time and resource intensive – the aim being to prevent, for
example, mass updates by bots.
Nomenclature has become confusing as the two terms, dis-
tributed ledger and blo ...
Scaling up Banking Operations: Harnessing the power of block chain TechnologyIRJET Journal
Blockchain technology has the potential to transform banking operations by providing a decentralized, transparent, and secure system for financial transactions. The document proposes a blockchain-based platform that allows banks and users to interact on a shared ledger to facilitate money transfers with lower fees, faster processing times, and around-the-clock availability. Key benefits of the proposed platform include a single database for user information, automated transfers between banks, and transparency of conversion rates and transaction histories. The system is designed using UML diagrams and implemented with Python, Truffle Ethereum, and Django to allow users to register, deposit funds, send payments, and check balances.
Foreword
This paper is the result of a research project carried out by Labs
in EVRY Financial Services during the fall of 2015. The content of
this report is the result of a comprehensive study, featuring online
sources, literary works, as well as recordings of financial
conferences such as Consensus 2015 and Fintech Week 2015.
We aim to provide a comprehensive report detailing the
opportunities, challenges and key success factors for financial
institutions looking to leverage the opportunities presented by
blockchain technology.
We hope you enjoy this study and that it helps give you greater
understanding.
Scaling is one of the most interesting areas of innovation for blockchain. In this survey we took a first pass at a market landscape survey. We would love any edits/suggestions you may nave.
Blockchain could be a data structure that could be a growing list of informat...Richa575316
Blockchain is a distributed ledger of transactions or digital events that is shared among participants in a network. Each transaction is verified by consensus of participants and stored in a chronological and immutable chain of blocks. Blockchain technology was introduced with Bitcoin in 2008 as a way to record cryptocurrency transactions in a verifiable and permanent way without the need for a central authority. Common applications of blockchain include cryptocurrencies, smart contracts, supply chain management, digital identity, and decentralized systems.
Blockchain for Digital Transformation in Banking Floyd DCosta
The document discusses how blockchain technology can be leveraged for digital transformation in the banking sector. It outlines several potential use cases for blockchain in areas like know-your-customer compliance, cross-border payments, loyalty programs, and financial inclusion. Additionally, it proposes a 5-step methodology for banks to explore blockchain opportunities and develop innovative solutions.
Discover the Beauty and Functionality of The Expert Remodeling Serviceobriengroupinc04
Unlock your kitchen's true potential with expert remodeling services from O'Brien Group Inc. Transform your space into a functional, modern, and luxurious haven with their experienced professionals. From layout reconfiguration to high-end upgrades, they deliver stunning results tailored to your style and needs. Visit obriengroupinc.com to elevate your kitchen's beauty and functionality today.
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....Lacey Max
“After being the most listed dog breed in the United States for 31
years in a row, the Labrador Retriever has dropped to second place
in the American Kennel Club's annual survey of the country's most
popular canines. The French Bulldog is the new top dog in the
United States as of 2022. The stylish puppy has ascended the
rankings in rapid time despite having health concerns and limited
color choices.”
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...APCO
The Radar reflects input from APCO’s teams located around the world. It distils a host of interconnected events and trends into insights to inform operational and strategic decisions. Issues covered in this edition include:
Unlocking WhatsApp Marketing with HubSpot: Integrating Messaging into Your Ma...Niswey
50 million companies worldwide leverage WhatsApp as a key marketing channel. You may have considered adding it to your marketing mix, or probably already driving impressive conversions with WhatsApp.
But wait. What happens when you fully integrate your WhatsApp campaigns with HubSpot?
That's exactly what we explored in this session.
We take a look at everything that you need to know in order to deploy effective WhatsApp marketing strategies, and integrate it with your buyer journey in HubSpot. From technical requirements to innovative campaign strategies, to advanced campaign reporting - we discuss all that and more, to leverage WhatsApp for maximum impact. Check out more details about the event here https://events.hubspot.com/events/details/hubspot-new-delhi-presents-unlocking-whatsapp-marketing-with-hubspot-integrating-messaging-into-your-marketing-strategy/
Starting a business is like embarking on an unpredictable adventure. It’s a journey filled with highs and lows, victories and defeats. But what if I told you that those setbacks and failures could be the very stepping stones that lead you to fortune? Let’s explore how resilience, adaptability, and strategic thinking can transform adversity into opportunity.
Discover timeless style with the 2022 Vintage Roman Numerals Men's Ring. Crafted from premium stainless steel, this 6mm wide ring embodies elegance and durability. Perfect as a gift, it seamlessly blends classic Roman numeral detailing with modern sophistication, making it an ideal accessory for any occasion.
https://rb.gy/usj1a2
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
SATTA MATKA SATTA FAST RESULT KALYAN TOP MATKA RESULT KALYAN SATTA MATKA FAST RESULT MILAN RATAN RAJDHANI MAIN BAZAR MATKA FAST TIPS RESULT MATKA CHART JODI CHART PANEL CHART FREE FIX GAME SATTAMATKA ! MATKA MOBI SATTA 143 spboss.in TOP NO1 RESULT FULL RATE MATKA ONLINE GAME PLAY BY APP SPBOSS
Prescriptive analytics BA4206 Anna University PPTFreelance
Business analysis - Prescriptive analytics Introduction to Prescriptive analytics
Prescriptive Modeling
Non Linear Optimization
Demonstrating Business Performance Improvement
Profiles of Iconic Fashion Personalities.pdfTTop Threads
The fashion industry is dynamic and ever-changing, continuously sculpted by trailblazing visionaries who challenge norms and redefine beauty. This document delves into the profiles of some of the most iconic fashion personalities whose impact has left a lasting impression on the industry. From timeless designers to modern-day influencers, each individual has uniquely woven their thread into the rich fabric of fashion history, contributing to its ongoing evolution.
Call8328958814 satta matka Kalyan result satta guessing➑➌➋➑➒➎➑➑➊➍
Satta Matka Kalyan Main Mumbai Fastest Results
Satta Matka ❋ Sattamatka ❋ New Mumbai Ratan Satta Matka ❋ Fast Matka ❋ Milan Market ❋ Kalyan Matka Results ❋ Satta Game ❋ Matka Game ❋ Satta Matka ❋ Kalyan Satta Matka ❋ Mumbai Main ❋ Online Matka Results ❋ Satta Matka Tips ❋ Milan Chart ❋ Satta Matka Boss❋ New Star Day ❋ Satta King ❋ Live Satta Matka Results ❋ Satta Matka Company ❋ Indian Matka ❋ Satta Matka 143❋ Kalyan Night Matka..
AI Transformation Playbook: Thinking AI-First for Your BusinessArijit Dutta
I dive into how businesses can stay competitive by integrating AI into their core processes. From identifying the right approach to building collaborative teams and recognizing common pitfalls, this guide has got you covered. AI transformation is a journey, and this playbook is here to help you navigate it successfully.
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
SATTA MATKA DPBOSS KALYAN MATKA RESULTS KALYAN CHART KALYAN MATKA MATKA RESULT KALYAN MATKA TIPS SATTA MATKA MATKA COM MATKA PANA JODI TODAY BATTA SATKA MATKA PATTI JODI NUMBER MATKA RESULTS MATKA CHART MATKA JODI SATTA COM INDIA SATTA MATKA MATKA TIPS MATKA WAPKA ALL MATKA RESULT LIVE ONLINE MATKA RESULT KALYAN MATKA RESULT DPBOSS MATKA 143 MAIN MATKA KALYAN MATKA RESULTS KALYAN CHART
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
what is klaytn network
1. 1/7
Klaytn: A Hybrid Platform
leewayhertz.com/klaytn-a-hybrid-platform
Blockchain is changing the world in a unique way. It helps businesses, governments, and
other organizations better manage their workflow and enhance their systems by providing
better solutions. It’s now changing how we save, access, and use data in order to better the
never-ending cycle of technological advancement. It also has an influence on other
elements of our technology, such as how we establish network trust. There are various
methods of regulating the blockchain: private, public, consortium, and hybrid. The hybrid
blockchain combines the advantages of both private and public blockchains. Instead of
changing their goals due to technological limitations, this provides companies more
control over what they want to achieve.
The hybrid blockchain is best characterized as one that combines the greatest features of
both private and public blockchain systems. In an ideal scenario, a hybrid blockchain
would provide both regulated access and freedom. The hybrid blockchain architecture
differs from other blockchain architectures in that it is not available to everyone but still
provides blockchain benefits such as integrity, transparency, and security.
Blockchain technology may be used in both financial and non-financial applications.
Blockchain gives high security and privacy for the data, eliminating the scope of fraud and
hacking. The public blockchain’s openness brings individuals from all over the globe
together, but the private blockchain guarantees that a closed ecosystem may benefit from
blockchain capabilities as well. Klaytn platform is one of the most recent Hybrid
blockchains to emerge.
2. 2/7
Klaytn is a hybrid blockchain ecosystem for businesses that deals with a variety of service-
related concerns. Let’s take a closer look at Klaytn and how it works. Sections of this page
will provide a comprehensive description of Klaytn, its components, and LeewayHertz’s
Klaytn development prospects.
What is Klaytn Network?
Klaytn, Kakao’s worldwide public blockchain initiative, is an enterprise-grade, service-
centric platform that provides millions of people with a user-friendly blockchain
experience. Through an efficient ‘hybrid’ architecture, it combines the greatest
characteristics of both public (decentralized data and control, distributed governance)
and private (low latency, high scalability) blockchains. Klaytn is governed by the
involvement of a number of well-known businesses from across the world, who have
collaborated to build a secure business platform based on a decentralized trust system.
GroundX created Klaytn, with a vision of Hybrid secure network of exchange. .
In Klaytn’s notion, Blockchain Applications (bApps) are treated as first-class citizens.
They try to provide the best level of performance and productivity in an environment that
appeals to a wide range of audiences, from micro startups to large corporations. bApp
designers are liberated to give the best experience to their customers. Thanks to a
combination of Klaytn features such as low-latency network responsiveness, reliable yet
powerful transaction throughput, flexible scalability through Service Chains, and
transaction fee subsidization for end-users. Furthermore, the Klaytn network’s easy
compatibility with conventional corporate assets (through Enterprise Proxy) provides a
rapid onramp for teams looking to add blockchain capabilities to their existing products.
Klaytn Foundation and Service Partners
Klaytn is a worldwide public blockchain platform created by Ground X, the South Korean
social media company Kakao’s blockchain subsidiary. Klaytn, a blockchain developed by
Kakao, was built with modular network architecture, making it an interesting business
blockchain option. Its modular network architecture makes it easy for enterprises to
create and run service-oriented blockchains based on the Klaytn architecture. Service
Chains are autonomously run sub-networks that form the backbone of Klaytn’s
enterprise-friendly environment. Because of the flexibility and customizability of these
Service Chains, any online service can be built on Klaytn. However, initiatives based on
gambling or financial speculation are not permitted.
Klaytn’s mainnet launched in June 2019 and immediately attracted more than 40 Initial
Service Partners (ISPs) from a wide range of sectors and use cases, including
entertainment, e-commerce, healthcare, and finance. These ISPs are from a variety of
nations and were chosen for the quality of their blockchain-based services and the size of
their current user bases. Humanscape, a data marketplace for patient-generated health
data; Atlas, blockchain-based travel content and transaction platform built by Chinese
luxury travel business Zanadu; and REDi, a blockchain-based marketplace for innovative
and sustainable energy; are all examples of ISPs thus far.
3. 3/7
Team Klaytn
Myeongjin Jeong
CFO, Head of Operations Group
Jaesun Han
CEO
Sangeon Bae
CEO of the Wallet Group
Sangmin Seo
Head of Platform Group
What are the Klaytn network’s objectives?
Klaytn is a BFT-based public blockchain with excellent performance and enterprise-grade
dependability. The following are important design objectives:
Immediate completion.
TPS is high enough to fulfill real-world use cases.
Reduce the cost of developing and running Blockchain applications.
Reduce the entrance barriers for end consumers.
Facilitate the industry’s acceptance of new technologies.
What are the major features of the Klaytn mainnet?
On June 27th, 2019, Klaytn released its mainnet, Cypress, with the following
characteristics,
Block generation and confirmation take one second.
Four thousand transactions per second are possible.
Gas is approximately a tenth of the price of Ethereum.
Supports the execution of Solidity contracts by running EVM (Ethereum Virtual
Machine).
Klaytn Governance Council was founded by 19 respected businesses from around
the world to run consensus nodes. The Klaytnscope displays the current number of
consensus nodes.
On Klaytn, over 50 first service partners have committed to launching Blockchain
Applications.
What are Klaytn’s three distinct logical subnetworks?
According to the functions and goals listed below, Klaytn is divided into three logical
subnetworks.
Network of Core Cells (CCN)
Core Cells (CCs) in the CCN verify and execute transactions provided by Endpoint
Nodes (ENs). CCN is in charge of generating and spreading blocks across the
network.
4. 4/7
Network of Endpoint Nodes (ENN)
Endpoint Nodes (ENs) in the ENN are responsible for creating transactions,
handling RPC API calls, and processing data requests from service chains.
Network of Service Chains (SCN)
SCNs are Klaytn subnetworks made up of auxiliary blockchains run independently
by blockchain apps (bApps). The Klaytn main chain, or mainnet, comprises the Core
Cell Network and the Endpoint Node Network. Blockchain applications can run on
the Klaytn main chain, Cypress, or their blockchains, known as Service Chains. ENs
connect the service chains to the main chain. Service Chain is recommended if you
require a dedicated execution environment for your application with high TPS and
customizable network rules.
How does Klaytn generate and propagate the blocks?
The architecture of block creation and propagation and the consensus method employed
all have a part in lowering the latency of a blockchain platform.
The cycle of Block Generation
In Klaytn, a ’round’ is a block creation cycle. Each round produces a new block,
which is followed by the start of a new round. Klaytn aims for a one-second round
time; however, network traffic and node operation conditions may alter the block
creation interval.
Selection of the proposer and the committee
Klaytn picks a Consensus Node (CN) as the proposer for the block to be generated at
random but deterministically in each round and then selects a group of CNs as the
committee for that round. Each CN utilizes a random number obtained from the
most recent block header to conduct a cryptographic operation that gives proof that
the CN has (or has not) been picked for this round. The committee’s size should be
Byzantine-resistant; if the CNN is small, all CNs (excluding the proposer) are
entitled to serve on the committee.
Validation and Block Proposal
Once chosen, the proposer broadcasts the round’s proof of selection (i.e., a
cryptographic proof verified by the proposer’s public key) to all CNs. Following that,
the CNs chosen as the committee for the given round react to the proposer with
their proofs of selection, telling the proposer to whom the new block should be
broadcast. The proposer then chooses a group of transactions from its transaction
pool and arranges them into a block. Finally, the proposer works with the committee
to agree on and finalize the newly established block. Klaytn intends to enhance its
consensus algorithm over time to achieve more security and efficiency.
Propagation of Blocks
To be approved, a proposed block must get the signatures of more than two-thirds
of the committee members. The new block is propagated to all CNs when the
committee agrees and the consensus round is completed. By providing block header
and body data to ENN over PNN once the new block has been propagated to all CNs,
the information of the newly generated block may be made available to all Klaytn
network participants.
5. 5/7
What is multichannel propagation on Klaytn?
The degree of congestion on a network has a significant impact on its delay. Assuming
that the network’s throughput remains constant, the network’s latency will be
proportionally delayed as the number of transactions increases. Users of conventional
mobile applications or web services will not accept more than a few seconds response
times, and blockchain services have no reason to anticipate a greater user tolerance.
To deal with network congestion, Klaytn uses a multichannel strategy. Klaytn network can
transmit freshly produced blocks in a timely way even when the network is heavily
congested with many transactions by designating distinct propagation channels for
transactions and blocks. Klaytn assures that bApps on its network can respond to end-
user queries despite sporadic network traffic surges in this way.
What are the various smart contract components of Klaytn?
Klaytn compatible tokens
Klaytn Compatible Token (KCT) is a smart contract that follows a set of technical
guidelines. The standard must be followed by anyone who wishes to issue tokens on
top of Klaytn. In Klaytn, token standards such as KIP7 and KIP17 are specified.
Other KCTs can be created to satisfy particular technological requirements.
Fungible Token Standard (KIP-7)
Tokens with homogeneity and divisibility are called fungible tokens. Because each
unit of the fungible token has the same value, they may be interchanged. Every $1
note, for example, has the same face value. A high percentage of blockchain tokens
are fungible tokens, as fungibility is an important property of crypto money in most
situations. The KIP-7 token standard may be used to integrate these features into
smart contracts. Please keep in mind that KIP-13 and KIP-14 must be used in
tandem. Wallet interfaces can be implemented in wallet apps.
Non-fungible Token Standard (KIP-17)
A nonfungible token (NFT) is a form of token that represents one of the unique
assets. Every nonfungible token is unique and non-divisible, as the name indicates.
The non-fungibility of nonfungible tokens offers new asset digitizing frontiers. KIP-
17 can be used in implementing nonfungible tokens. A wallet interface can be used
in wallet apps.
The aforementioned points are the various smart contract components that
establish a relationship between the Solidity smart contract language and the Klaytn
platform. Let’s understand that relationship in the section below.
6. 6/7
Solidity and Klaytn
Solidity is a contract-oriented, high-level, statically typed language for building
smart contracts on the Ethereum platform. Although Solidity was created with
Ethereum in mind, it is broad enough to build smart contracts to be used with other
blockchain platforms like Klaytn.
The Constantinople Ethereum Virtual Machine (EVM) version is officially
compatible with Klaytn. Backward compatibility with other EVM versions on Klaytn
is not guaranteed. As a result, using the Constantinople target option while
compiling Solidity programmes is highly advised. Please see the instructions for
configuring the EVM version of solc.
When creating smart contracts for Klaytn, developers may use tools like Remix (a
browser-based IDE) and Truffle (a programming framework). The Klaytn team will
make every effort to keep Ethereum’s and Klaytn’s development tools compatible.
Still, they may choose to provide upgraded or updated versions of those tools to
Klaytn smart contract developers if required.
What Klaytn development opportunities does LeewayHertz
provide?
Creating Nodes
Our blockchain specialists create fully functional and reliable nodes for public and
private blockchain networks, ensuring that they follow the agreed-upon consensus
procedure.
Support and maintenance of Klaytn based bApps
For Klaytn-based bApps, we provide our clients with very effective support and
maintenance services. Clients who already have blockchain apps and their bApps
created by us get lifetime support.
Development of the Wallet
Our blockchain experts possess all of the technical skills required to construct
blockchain wallet apps. Klaytn wallets allow you to store a range of currencies and
digital assets while also allowing you to view your balance and keep track of your
transactions.
Development of Smart Contracts
We offer Smart Contract creation services to support a variety of bApps. For the
Klaytn blockchain network, smart contracts that comply with the Klaytn network
employ the solidity programming language. We assist our clients with Smart
Contract architecture, auditing, provisioning, and developing and executing them.
Development of bApps
For companies using the Klaytn platform, our blockchain specialists are adept at
developing enterprise-grade blockchain apps (bApps).
Ending Note
Klaytn is working hard to create a world that is transparent and fair owing to blockchain
technology. Klaytn’s proposed notion of the digital property will help create a world where
distribution is fairly based on contribution, which is a solution to the current society’s
7. 7/7
major distribution problem. Because Klaytn is a platform, the blockchain services that are
implemented on it are the primary characters.
You’ve come to the correct spot if you want to employ a professional blockchain
development firm to construct Klaytn blockchain apps. We have a team of talented
developers with extensive experience in blockchain development. We create effective
blockchain apps with our extensive knowledge, engaging and aiding our clients with
high-quality services. We will assist you in accomplishing your desired project, from
consulting services to sketching out your development map.