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What programming language is used in Blockchain?

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Understanding how Blockchain based applications can be developed by some the major programming languages, Python, Java and, Solidity as C++.

Understanding how Blockchain based applications can be developed by some the major programming languages

 

In this Blockchain based life, it has become the need of the hour to implement the Technology into one’s business and if the business has already incorporated it into the business model then constant upgradation is necessary so as to sustain in the market.

For an instance assume that the user needs to develop a Blockchain based solution in the form of an app. It is always preferred that it must opt for a professional in the field but nevertheless let’s decipher the complexity of the Blockchain step by step. As the future seems to be completely dependent on this technology one must obtain an edge in the field to stay amongst.

 

There are a number of minimum requirements which needs to be fulfilled:

 

  • Security

Security has been one of the most major concerns in the blockchain industry as the number of illicit activities that happen on the Blockchain is uncountable. This is one of the foremost characteristics of a blockchain based system and is one of the prerequisites. Despite the open source nature of the program code, the Blockchain Technology is said to be completely secure.

 

  • Scalability

This is one of the most crucial factors that seems to be lagging behind when it comes to most popular cryptocurrency networks such as Bitcoin and Ethereum. The cryptocurrencies are expected to be the future currencies. So to handle the globalized economy the scalability is the one, each one is looking for.

 

  • Resource Management

A Blockchain technology is nothing but a collection of distributed records which only increases with time and hence we need to design a database system which can grow infinitely without any barriers.

 

  • Performance

As the Blockchain needs to be juggling between the addition of records in the Ledger and Transactional verification, parallel performance can become a source of contention.

 

With all of the above complexities kept in mindset, the programming languages jot down to four major ones. They are regarded as some of the most popular and widely used ones. They are.

 

C++ for Blockchain

The object-oriented programming language provides a vast suite of inbuilt libraries to assist the programmer. The language is one of the most preferred due to its primitive form and higher robustness. The key characteristics of this programming language are that it would assist the implementation of Blockchain with its threading and database management functionalities. Threading is nothing but parallel processing where lightweight processes can be run in parallel. its amazing capabilities of database access leads to an upper hand.

 

Python for Blockchain

Sometimes regarded as a host language due to its nature of work. The full-fledged language is robust enough to meet all the requirements of a Blockchain application. The programming language is also well known for its shorthand notations, simplified structuring, and one of the easiest programming languages one can learn. Hence this might prove to be a boon for the newcomers in the blockchain industry. Languages like C++ can’t provide an effective interface and would required JavaScript along with it, but with Python, everything can be done using one programming language itself.

 

JavaScript for Blockchain

The programming language usually used for web development in order to create interactive web pages can also be used but along with C++ for the development of a blockchain based application. C++ gives the overall structure to the concept and JavaScript is used to furnish those structures. JavaScript can effectively be utilized in order to implement the cryptographic hash functions to link each Block with its previous one. In a blockchain technology, every particular block is chained with all the previous blocks through Cryptography where tampering any block invalidates all the blocks following it. Rendering it to be a highly secured form of Technology.

 

Solidity for Blockchain

The programming language was widely adopted during the current cryptocurrency era. The programming language was specifically designed for the creation and development of the decentralized application. The language provides a complete solution to all the blockchain-based issues.

 

As the Blockchain implementation is not an easy task, one must consider choosing the programming languages which are best in their own domains and integrating them to provide the best outcome for the Blockchain application. It is so unusual that some of the newbies in the field consider Blockchain Technology itself to be a brand new programming language which can be used to develop blockchain-based applications.

 

Although the prices in the cryptocurrency market cannot be predicted that easily, the adoption of the Blockchain Technology has been observing a rapid increase. The Technology which is also considered to be the next big thing after the internet needs robust applications in order to manage its vast spectrum of opportunities. However, amongst the above-mentioned programming languages, Solidity is the most preferred one as it was solely developed for the implementation of the Blockchain based applications. The newcomers can start off by learning C++ and then followed by Python, Java and, Solidity as C++ provides for an easy and effective understanding of the basic structure and functioning of a programming language. Basically, it can be implemented for the inner functionalities and JavaScript and Python is used for developing an interactive interface.

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#Bitcoin

New to crypto? Buy only the original Bitcoin BTC, do not fall prey to shitcoins

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Bitcoin is the best start for the beginners to get a feel for the cryptoverse. Bitcoin is well known and if you are new to cryptocurrency, trust only BTC

Comprehending the rationales for the dominance and reliability of Bitcoin over shitcoins.

 

The anonymity of Bitcoin developer is the key to its acceptance

Bitcoin, having the first movers advantage has a lot of influence on the crypto community. Due to the various reasons, bullish momentum or bearish trend of Bitcoin is followed by all the Altcoins, but there are some exceptions. Any form of Fear, Uncertainty, or Doubt, affects the world’s first cryptocurrency and later on, due to the ripple effect, all the other coins closely associated with Bitcoin, fluctuate respectively. The censorship free kind of Blockchain platform offered by Bitcoin is highly useful to the customers who are obsessed with privacy or anonymity. Bitcoin, in fact, is the only cryptocurrency whose founder is not known until now.

 

Cryptocurrency is equivalent to Bitcoin

According to statistics, it has been estimated that among the merchants accepting cryptocurrencies, Bitcoin is accepted by 80% of them. The fame is so well seeded in the minds of people that “Bitcoin” is at times considered to be pseudonymous with “cryptocurrency“. Therefore, even the merchant’s have incorporated the Bitcoin payment system, as it is mostly used by the people. The number of Merchant stores accepting Altcoins but not Bitcoins is very rare. This insight clearly makes it evident that each and every individual are exposed to the cryptoverse only through the popularity of Bitcoin.

 

Bitcoin attracts Development, not Shitcoins

All the major venture, in the form of Research and Development, takes place in the name of Bitcoin and maybe further is expanded to other Altcoins. This particular reason is enough to give an overview of the Bitcoin reliability. The Bitcoin network, although experiences scalability issues, but it’s popularity has never been on a negative scale.

 

The cause for the anonymity of Bitcoin inventor

The mastermind behind the Bitcoin project, who called herself/himself Satoshi Nakamoto, has been anonymous since the invention of Bitcoin. Even until today’s day is identity has not been revealed, therefore, the users of the Bitcoin blockchain can subconsciously be assured about the security of his funds on the network. Else, even for the futile activity of the developer, the community would start to speculate about the future of the coin. Consider, Altcoins for example, where all the Altcoins have some or the other owner. Any speculative activity of theirs would spur FUD in the respective community.

 

Added perks of Bitcoin over Altcoins

Being anonymous also ensures an immunity against the government seizures. Pause and imagine, if the owner of any Altcoin was alleged for some issue, irrelevant of crypto, then his/her venture may be taken down by the government. The distributed nature of Bitcoin and anonymity, seeds stability in the network. The community members also start to judge the project based on the capabilities of the team members, in the case of Altcoins. The Bitcoin network is spread across the world, and it can also be considered bigger than the Internet. According to computer scientists, the entire Bitcoin network dominating the globe is around 11000 times powerful than the top 500 supercomputers from the world combined. Bitcoin even dominates for the highest number of wallet addresses registered. It qualifies to be, the top cryptocurrency to be listed on most of the exchanges around the world.

 

The Shitcoins aren’t made for the global Cryptocurrency

Many other Altcoins like Litecoin, Ethereum, etc are popularly known as Shitcoins because of their undirected focus towards becoming a global cryptocurrency. In simple words, these cryptocurrency coins are specifically developed, not to become a global cryptocurrency but for other futile and short-term purposes. Utility token is the other name for such coins, which would not gain widespread acceptance, because of their popularity and acceptance only in a single stream. On the contrary, Bitcoin is a generalized form of cryptocurrency known by everyone.

 

Closing thoughts on acceptance of Bitcoin for the beginners

The acceptance of Bitcoins in various countries, across the world, may be restricted due to their legal implications. Therefore, Bitcoin is the best start for the beginners to get a feel for the cryptoverse. Bitcoin is well known by the masses and an immense amount of information is available on the internet as well, regarding Bitcoin.

 

Note: Cryptocurrency investments are very risky and this article is not, in any way, an investment advise. The article is only the opinion of the writer and you should do your own due diligence in researching about any digital asset you wish to buy.

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#Blockchain

John Mcafee: Trust only Decentralized Exchanges

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Decentralized exchanges (DEX) will before long gain the core of the cryptocurrency network with parts jettisoning centralized exchanges.

John McAfee, the security master turn cryptocurrency devotee, who is accepted to have the precious stone ball for his correct expectations in the cryptocurrency showcase as he would like to think says that decentralized exchanges (DEX) will before long gain the core of the cryptocurrency network with parts jettisoning centralized exchanges. This he says will drive them to shut down.

 

Decentralization Over Centralization

His most recent assessment is joining that of Ethereum’s prime supporter, Vitalik Buterin who remarked around two months back, saying he “certainly trusts centralized exchanges go consume in damnation however much as could be expected.”

Despite the fact that McAfee’s reasons are somewhat not quite the same as that of Vitalik’s, McAfee trusts the following five years would convey decentralized exchanges to the spotlight, pursuing centralized exchanges to annihilation.

In his view, the world will grasp cryptocurrencies and blockchain due to its “permissionless characteristics.” Citing a case between two gatherings in a money related exchange, he says in the present budgetary framework, the experts could put a stop to such exchange. Same goes for centralized exchanges as he says they could end up deceptive, utilizing clients assets voluntarily, solidifying people assets, or closing down completely without being followed.

With blockchain, he says holds “confirmation of reality”; record of truth. Furthermore, notwithstanding when something occurs, it’s anything but difficult to spot if it’s actual or not which by and by is impossible with centralized exchanges.

Prompting the crypto network, he says all everybody needs is “presence of mind,” which will make everybody understand that centralized exchanges cause more mischief than anything to the vision of cryptocurrency and decentralization.

 

Blockonix – A 100% contract based DEX

Blockonix is based on the Ethereum platform and completely run by a collection of smart contracts. The users of Blockonix have the facility to trade cryptocurrencies of their choice without the intervention or control of any of the developers or the team members of the exchange. In simple words, the user is the only person who is in the complete control of his funds. Privacy is one of the major concern and is not at all compromised in case of Blockonix. The whole system runs on the Distributed Smart contract environment.

 

0.03% Transaction Fee on Blockonix

You read it right. Trading fee on Blockonix is only 0.03%. This fee is collected in Ether or BDT, apart from the gas price. This collected Ether or BDT is not the exchange’s profit. Rather 100% of the fee collected is used to buy back and burn BDT, decreasing the total supply of the native token, whose use is to avail 70% discount on the trading fee on Blockonix.

 

What do you think about decentralized exchanges? Let us know in the comments section below.

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#Bitcoin

How Bitcoin is a boost to the IT Industry Worldwide

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IT world keeps changing always and what is better to than to tell that digital currencies like bitcoin changes it even more, for the better or worse.

IT world keeps changing always and what is better to than to tell that digital currencies like bitcoin changes it even more, for the better or worse.

 

Following are some reasons how bitcoin boosts the IT industry:

Bitcoin for Payments

Payments among many IT industry has always been changing with many changes in policies where payments are made from other countries or any other mode of payments by making the amount to be paid high which cannot be sent quickly and with the IT crimes it is even more fearing to send this big amount of money through transfers and this brings the industry more towards digital cryptocurrencies especially like bitcoin which is the best among them.

 

Bitcoin Market capital

The market capital of a cryptocurrency is always higher and it is explaining its worth in many different ways by its features and usage. Changes keep happening in cryptocurrency and when player like bitcoin comes into the market they give a very good kind of gesture in the methods and process of the IT industry and allows more companies with the largest share of cryptocurrency to transfer money without any obstacles and requiring very less power of computation too. Bitcoin revolutionises the market as we know it.

 

Quality of Bitcoin

Bitcoin has the potential when it comes to terms of assurance its gives for quality. Companies can link many parts of their supply chain and other operations to make it easier to solve problems and arrive at solutions and in cases like this bitcoin have a feature of immediately sorting of the issue.

Not just as money but as also in terms of process and the value it gives to the process that take place within the company by just using this cryptocurrency makes sure that the right quality is delivered at the right time and right place.

 

No backing out

In IT industry sometimes, projects are closed or terminated without payments through bank transfer or cash but bitcoin payments put a full stop to that as once paid it is irreversible. It may be a bane in certain cases but it is definitely a boon to companies when they have clients who back out without paying or paid and cancelling the transfer before the money reaches after they get their job done.

 

No requirement of permission

When someone or some company wants to build a financial operation with bitcoin then bitcoin does not require any kind of permission to be given or waited for transfer. This also fosters innovation too as payments can be made for all requirements needed without wait and this leads many processes to complete faster and also gives opportunity to many people who are waiting in line to get their projects and ideas started.

 

Privacy

With the changing technology and world privacy is something that comes at very high price and sometimes even at high prices one can find it so hard to have some kind of privacy. With improving technology in IT industry many new inventions are made which require high levels of privacy in terms of money and announcements too. Often private projects are found when transactions are made. Bitcoin puts a full stop to this trouble and comes up with a big solution by providing high levels of privacy. There is no central command or authority over bitcoin by anyone.

Bitcoin is providing confidential transaction / zero cash now and working on it for better privacy and implementations.

 

Borderless

Any transfer anytime any place any amount is being possible with bitcoin. It can be transferred from any country to country without even having access to the internet and in some cases even without internet availability.

No matter the distance or the occasions transferring of funds and money have never been faster and easier as the speed it takes to transfer using bitcoin cryptocurrency.

 

Smarter decisions

With bitcoin companies are able to make smart decisions by making way for the company to handle big projects with large amounts of money transaction to take place without any confusion and delay. With bitcoin the companies get the chance to think quick and act fast with their decisions and also rectify their mistakes quicker for the better and be better the next time.

 

Supply chain

Bitcoin can have list of resources being handled through it within the organisation. It can keep a maintenance of what comes in and goes through the means of its transactions.

Bitcoin destroys the old traditional methods of transaction and especially the record keeping part. It changes everything as we know and in the field of IT where constant changes is prominent, bitcoin adds more change to it. The best feature about bitcoin is that the companies do not need to understand how it operates in order to use its features and use them for their transactional purposes.

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