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Topics - VeryWellDone

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Cryptocurrency discussions / How can we convince businesses to use blockchain tech?

« on: July 04, 2020, 05:22:04 PM »

Blockchain technology is already starting to intrigue companies, from their CEO's, dev & tech team, etc. As the digital world evolves, the more these businesses should start thinking about leveling up their existing system.

The security token sector has been predicted to potentially become a trillion dollar market, and established financial institutions are now taking an active interest in blockchain-enabled solutions. The technological foundations that does these things like XYM from the NEM Foundation as an example, may allow the project to target high-opportunity ventures.

There are solutions for a wide range of companies that require a secure, reliable, and highly efficient blockchain network that continues to innovate and break new boundaries.

So the question is, what hinders them from using it?

Cryptocurrency discussions / Expected price of an airdrop token if it came from a major project?

« on: July 02, 2020, 07:38:31 PM »

This is something that I'm thinking, why won't the top 10~top 50 coins do it so that it can help their shareholders multiply their wealth. STEEM did it, and now XEM is doing a 1:1 drop for their XYM which has decentralization features to target the market cap too.
https://medium.com/nemofficial/public-testnet-and-symbol-launch-8470713a7962

Will the project feature push it, or will the mere fact that it came from NEM will most likely push their new token to success.

Will the price of an airdrop token increase significantly if it's under a big project/company? Or does it really depend on how that new token and its team perform?

Announcements [ANN] / Concordium releases Testnet 2

« on: July 02, 2020, 06:40:42 AM »

This release is an invite for community members, node runners and users in general to preview the technology behind the curtain and to help us in this testing phase.

What’s in the box?

[Node] — Passive node: A node that participates in the Concordium network. It relays messages, provides an API for submitting transactions and inspecting the chain, and processes blocks, but does not produce any blocks on its own.
[Node] — Baker node: Does everything a passive node does, but in addition participates in consensus, producing blocks.
[Node] — Finalizer node: Does everything a baker node does, but in addition, participates in the finalization part of our consensus.

[Client] — Tools for interacting with the container

[Mobile app] — Android-based Concordium ID with an Identity service — Download here
[Mobile app] — Creating identities
[Mobile app] — Creating accounts
[Mobile appt] — Making transfers
[Mobile appt] — Depositing Testnet-GTU tokens
[Mobile app] — Exporting identities and accounts

[Identity] — Integration with Notabene
[Identity] — Notabene developer identity flow for easy generation of test-identities
[Identity] — Notabene identity flow

[Visualization] — An improved network dashboard including a simple block explorer
[Visualization] — A node dashboard with support for becoming a baker

Notable changes

[Enhancement] — Catch-up time improvements:
The time needed for new nodes to catch-up has been significantly reduced
Restarting nodes can now choose to start from their local database removing the need to do a complete catch-up.
[Enhancement] — Storage requirements improvements
Storage of the chain on nodes has been optimized
[Client] — Extended in the following areas:
Managing bakers
Account delegation
Module query
Account management

https://medium.com/concordium/concordium-releases-testnet-2-35a707702698

Cryptocurrency discussions / NEM is now connecting businesses to blockchain?

« on: July 01, 2020, 01:03:15 AM »

This can be something that corporations may start to use, knowing that blockchain technology is the trusted, secure value exchange network for business. Symbol which is from NEM is aiming to reduce business friction, increase trust, and expand the flow of ideas to accelerate innovation. Enterprises and developers can now connect together, which open doors to more opportunity to the blockchain technology.

Will these kinds of movements by big players in the crypto space help mass adoption?

Cryptocurrency discussions / Permissionless Blockchains fit the Business World's Needs. Do you agree?

« on: June 28, 2020, 04:32:40 AM »

"The potential of blockchain to solve real problems in the enterprise, especially problems between businesses, is immense." Limiting this potential to the permissioned version of this technology could be inefficient from a pure business point of view, and when it comes to finality, it is simply inaccurate.

How can businesses benefit from blockchain technology and is it something that they really need during this pandemic/recession period?

Source - https://blockchain.news/news/permissionless-blockchains-fit-the-business-worlds-needs

Cryptocurrency discussions / What programming languages are being used by blockchain platforms?

« on: June 19, 2020, 10:25:12 AM »

I've heard a lot of projects that are on Java, PHP, and C++ but what's really the most advanced these days? A privacy-centric blockchain for businesses is currently using Haskell and Rust — which allows them to be productive while writing high-quality code. Rust is great for low-level performance-critical code, while Haskell is great for high-level correctness-critical code.

Are there any specific pros and cons for blockchain developers to decide which language are they going for, or is anything fine?

Cryptocurrency discussions / Indian institute of Science helping make Blockchain for Businesses.

« on: June 13, 2020, 11:40:25 PM »

Privacy-centric blockchain has announced that they have expanded their academic presence bringing on a new strategic research partner: the Indian Institute of Science, Bengaluru. This global initiative now supports 3 university partners to further accelerate academic research, tech development, and innovation in blockchain, IGAs, and cryptography.

https://medium.com/concordium/the-indian-institute-of-science-to-join-concordium-academic-council-ba53b3b0722f

I know that several major universities are already doing further research and work for blockchain technology, and IMO, this is what will help us take this technology to the next level. Thoughts?

Cryptocurrency discussions / Any freelancers here that use crypto/blockchain?

« on: June 06, 2020, 07:25:37 AM »

Are there any freelancers/work-from-home that came from the pandemic who's using crypto to receive payment? There may be a lot in this forum since this is crypto-based but I'm wondering for the rest of the world if they do that.

Since blockchains are public ledger and data is immutable, anybody can look up your transaction history and see every single transaction you’ve ever made — who they came from and where they went to. Furthermore, they can piggyback on the addresses that you’ve interacted with or have interacted with you to see their activities. Giving anybody your address was not only showing not only enables them to see your net worth, it also enables them to figure out who you worked with and when.

Businesses can instead use transactional privacy for users while creating mechanisms for accountability through identity providers and anonymity revokers. This will enable businesses and users to adapt on-the-fly through tailor-made solutions for all their compliance needs.

What can help the fast-growing number of digital no mads in 2020 to adopt to crypto, together with their bosses?

Cryptocurrency discussions / Minting Mechanisms for Blockchain

« on: May 27, 2020, 05:38:31 AM »

Permissionless blockchain systems, such as Bitcoin, rely on users using their computational power to solve a puzzle in order to achieve a consensus. To incentivize users in maintaining the system, newly minted coins are assigned to the user who solves this puzzle.

On the other hand, proof of stake systems incentivize coin hoarding as players maximize their utility by holding their stakes. As a result, existing cryptocurrencies do not mimic the day-to-day usability of a fiat currency, but are rather regarded as crypto-assets or investment vectors.

I also think that it's possible to implement an auction without requiring a semi-trusted party, where every miner in the network is a potential bidder.

Cryptocurrency discussions / Scientific research pushing the boundaries of blockchain technology

« on: May 22, 2020, 07:30:01 AM »

The science behind blockchain is simple. A set of blocks that contain data is shared in one network of parties (nodes), which have equal and immutable access to the data carried by the block. ... Blockchain gives an opportunity to change, as it ensures reproducibility that is central for transparent scientific research.Nov 29, 2019

Concordium uses scientific research to build the most secure and fastest blockchain, ensuring Concordium stays at the forefront of technology. Their protocol is deeply rooted in the latest scientific research being developed at the Concordium Blockchain Research Center Aarhus (COBRA) in Denmark and ETH Zurich in Switzerland.

Will doing these extra major things like scientific research help further improve blockchain?

General Discussion / The next-gen Blockchain infastracture designed for business. Will this work?

« on: May 19, 2020, 08:38:13 AM »

Cryptocurrency discussions / The next-gen Blockchain infastracture designed for business. Will this work?

« on: May 18, 2020, 04:43:10 AM »

Blockchain has always been recognized because of its stability, trustless system, etc. and it provides assistance on the accounting, quality assurance side, etc. through its smart contracts and the technology itself for the businesses. But how come a lot of businesses are still not utilizing blockchain like how some of the big guns already are - Walmart, Visa, etc.

There's a private and compliant-ready blockchain that offers enterprises a real blockchain, while also using zero-knowledge technology to bring privacy to workflows that involve end-users. Existing major enterprise solutions are neither distributed (Hyperledger + Corda) nor have a focus on privacy. There is little to no progress here and these solutions are essentially just glorified databases.

Will this be enough for small businesses and big corporations to start using blockchain, and not shy away from this technology? If not, what does it take to make it happen?

Marketplace & Bitcoin Services / The next-gen Blockchain infastracture designed for business.

« on: May 16, 2020, 02:23:50 PM »

Concordium’s mission is building a scalable regulatory-compliant blockchain ecosystem designed for the Business world.

The Concordium Platform is designed to be fast, secure, and cost-effective. Concordium’s innovative identity layer provides on-chain identity compliance-centric payments and enhanced privacy for users, while also enabling accountability for network participants. It's two-layer consensus protocol consists of a Nakamoto-style consensus blockchain and a finality layer for fast confirmation of transactions.

Both privacy and verification of the identity of users

Concordium’s innovative identity layer provides a compliance-centric balance between anonymity and accountability. A user’s identity is anonymous on-chain however, this anonymity can be revoked and their real-world identity revealed in response to a valid request from a government authority via established legal channels.

From the user’s perspective, anonymity with respect to the general public is maintained and Concordium’s identity layer can accommodate identity providers and anonymity revokers based in different jurisdictions around the world. As such, the Concordium Platform offers a global, multi-jurisdictional solution to the adoption of blockchain technologies across regulatory regimes.

Cryptocurrency discussions / Should startup crypto projects use DYCO instead of IEO/ICO?

« on: May 15, 2020, 04:28:49 AM »

In early 2018, token sales were said to become the future of crowdfunding. Now, 2 years later, token sale volumes are down by 99.7%.

The problem isn't token sales. The problem is the framework of ICOs. The framework is broken and always was.

It is 2020 and the ICO framework has remained static. Token sale are as backwards as ever. We decided this cannot go on.

Once the token price falls by more than 20% from the initial price, there's this offering called Dynamic Coin Offering where participants can generate risk free profits by buying tokens from the market and be able to refund them. Those tokens that were refunded are automatically burned reducing the circulating supply by up to 100%.

Is this better than IEO and ICO itself being that people are entering crypto, risk free?

Source - https://daomaker.com/dyco?utm_source=lx

Blockchain Technology / New App Lets Coronavirus-Hit Businesses Take Crypto Payments for Zoom Calls

« on: May 10, 2020, 03:22:54 AM »

It's great to see crypto projects being recognized by major companies now, similar to what Zoom did. Zoom is now using SmartLinks for ETH, BTC, and more coins soon.
https://www.coindesk.com/new-app-lets-coronavirus-hit-businesses-take-crypto-payments-for-zoom-calls?amp=1

Will we see bigger companies like Netflix, etc. use crypto and blockchain soon? And how will the halvening impact our exposure?