Archive for the ‘Decentralization’ Category

EtherAuthority, a Pioneer in Web3 Development, Offers Leading … – Digital Journal

PRESS RELEASE

Published May 20, 2023

Since 2018, the engineers at EtherAuthority have been helping define the Web3 space by providing next-level solutions for clients around the world

EtherAuthorityis celebrating five years of service this year in its mission to define the Web3 space by offering clients around the world comprehensive solutions including smart contract security audits, public blockchain development, smart contract development, and much more.

The concept of Web3 came to fruition in 2014, when Ethereum co-founder Gavin Wood first referred to an online decentralized blockchain ecosystem. Today, the ideal of Web3 is an intricate web that weaves together blockchain tech, token-based economy, and decentralization. The Web3 space is estimated at a value of $27.5 billion and is growing exponentially, and it has the potential to reach virtually everyone who uses the web and every industry. In fact, the Web3 space has already had a major impact on industries such as finance, real estate, gaming, and more.

Since EtherAuthoritys debut in 2018, the companys team of engineers have worked with clients around the world to carefully navigate them into the Web3 space. The companys portfolio currently includes more than 400 clients who have benefited from tailored solutions designed to meet their varying needs.

One of the most important facets of Web3 development comes in the form of smart contracts, which defines interactions between users and the blockchain. Smart contract vulnerabilities must be rectified; the signatories, subject of agreement, and terms must all executed properly.

EtherAuthoritys suite of Web3 services ensures that their clients get the very most from the blockchain. The companys engineers offer smart contract development that covers contracts including, but not limited to, token, NFT, DeFi, Dex, and more. Public blockchain development from EtherAuthority yields comprehensive builds with Testnet, Mainnet Explorers, Faucet, DEX, and more. EtherAuthoritys smart contract security audit yields a comprehensive analysis of vulnerabilities and offers streamlined solutions.

In addition, EtherAuthoritys engineers offer KYC (know your customer) services with the height of anonymity.

EtherAuthority has remained at the forefront of Web3 development and is thrilled to celebrate their fifth anniversary at a time when the future of Web3 has never looked so bright. More information can be found at https://etherauthority.io/.

ABOUT ETHERAUTHORITY

EtherAuthority Building Trust in the Blockchain Era: Our Smart Contract Audits Ensure Your Security. Follow EtherAuthority on Facebook @EtherAuthority and Twitter @Ether_Authority.

Media ContactCompany Name: EtherAuthorityEmail: Send EmailCountry: IndiaWebsite: https://etherauthority.io/

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EtherAuthority, a Pioneer in Web3 Development, Offers Leading ... - Digital Journal

Massa Ecosystem’s record-breaking growth in Q1 2023 – Cryptonews

Disclaimer: The text below is an advertorial article that is not part ofCryptonews.comeditorial content.

With 16+ projects having already joined the Massa testnet, it is perhaps time to pay attention to this thriving ecosystem.

But first, what is Massa? Massa is a high-performance blockchain designed to be truly decentralized from the start. Massa testnet was released in July 2021, providing an easy way for anyone to test the protocol, and has been constantly improving since then.

Perfectly balancing security and scalability while maintaining true decentralization is just one of the factors that explain why the Massa ecosystem has been experiencing such rapid growth since the beginning of 2023. Another reason Massa has been attracting so many new projects is that it eliminates the common obstacles that most Layer 1 blockchain networks face and enables both developers and regular users of the network to contribute and support the team's ultimate vision of reaching and maintaining maximum decentralization.

It is quite clear by now that web3 pioneers have embraced Massa. The enthusiastic response from the crypto developer community has a lot to do with the ethos of the Massa core team itself, which is completely dedicated to building a truly decentralized future. Blockchain developers are a particularly demanding bunch and they tend to gravitate towards building on blockchains with a vision to remain fully independent and free from influences by any small group of people. This might explain why Massa has onboarded so many projects on its testnet with only one seed round of just 5 million USD. In a world where most Layer 1 blockchains rely on millions of USD in ecosystem grants to attract projects, Massas ecosystem success is a bit of an outlier.

Massa has a dual vision for the future of Web3. On one hand, it aims to create a scalable and robust infrastructure that enables dApps to run in a fully decentralized and censorship-resistant way. On the other, it strives to ensure that smart contracts can persist on the blockchain even if the project behind them ceases to exist. The Massa team achieves this by hosting smart contracts on-chain and making them serverless forever.

Massa also lowers the entry barrier for web2 developers who want to join the web3 revolution. By using AssemblyScript as its smart contract language, Massa allows any web developer to easily write and deploy smart contracts without additional unnecessary hassle. Moreover, Massa offers a few innovative features that make it stand out from other blockchains, including autonomous smart contracts and web3-on-chain. These features serve to enhance the potential and appeal of Massa for both developers and users. The team believes that Massa will be the platform where some of the most exciting and impactful dApps will emerge during 2023.

Another reason why Massa is gaining popularity is that it provides tailored support for each project and developer that wants to build and contribute to its ecosystem. Projects can reach out to the Massa community tech support, which is composed of friendly and helpful people who are eager to assist newcomers with the ins and outs of the technology. The official Discord server is always open for questions.

The Massa team offers two main types of support for projects that aim to enhance and utilize the Massa chain:

Massa also offers a variety of other valuable services to projects in development, such as:

- Guidance on legal matters

- Assistance with the incorporation process

- Access to useful development resources

- Additional funding opportunities

- Marketing services

- Support with creating a pitch deck, business model and tokenomics

But most importantly, the team behind Massa has single-handedly solved the blockchain trilemma, presenting the world with a network that is simultaneously secure, scalable and decentralized. This is a true precedent in the blockchain space and its hardly surprising that the developers around the world are starting to take notice and to participate in the Massa ecosystem. There seem to be some very exciting things on the horizon for Massa, so be sure to follow their social media.

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Massa Ecosystem's record-breaking growth in Q1 2023 - Cryptonews

Bluesky Social: A Decentralized Twitter Alternative Takes an Open … – It’s FOSS News

Bluesky is a social network gaining popularity since the shenanigans at Twitter began. It is backed by the former Twitter CEO Jack Dorsey.

It began back in 2019 as an end goal to what Twitter was supposed to become, sadly, it didn't pan out, and Bluesky became an independent entity to develop a large-scale framework for open and decentralized social media.

And that goal is now closer to being achieved than ever before with their recent move.

Allow me to take you through it.

What's Happening: The client code for Web, Android, and iOS has been made open-source. Now anyone can use the code to improve Bluesky or make their own alternative decentralized social media based on it.

Bluesky uses its in-house open protocol called the AT Protocol which facilitates this level of decentralization, allowing users to move across the federated network with ease.

Does It Matter: Well, yes. You see, most mainstream social media platforms don't open-source their code and have been known to pull off some pretty shady moves in the background.

Even in the case of Twitter, when Elon said that they would be open-sourcing the Twitter algorithm, the end result was quite disappointing.

Compared to that, Bluesky's move should further solidify its goal of providing an open, decentralized social media alternative.

Want to check out the source code?

The source code has been provided under the MIT License, granting people the right to copy, modify and distribute the code without running into any legal issues.

It can be found on GitHub; the developers have made it clear that they will be prioritizing more pressing pull requests and issues than the minor ones.

Since the news broke out, it has gotten over 2.1k stars and over 200 forks.

They have also laid out a few rules and guidelines for contributors and users who want to fork the repo.

Suggested Read

10 Decentralized, Open Source Alternative Social Media Platforms

Tired of Big Tech prying on your data and invading your privacy? Here are some open source, decentralized alternate social platforms.

I'm looking forward to when they make Bluesky available for general use by removing the waitlisting system that is currently in place.

What do you think of this move by Bluesky? Do you think this thing will take off?

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Bluesky Social: A Decentralized Twitter Alternative Takes an Open ... - It's FOSS News

Best Crypto Coins To Buy: Bitcoin, and Ethereum Dubbed Decentralization Masters – Hindustan Times

If you transverse the world of digital finance, the word decentralization will have crossed your path more than once. From meme coins to stablecoins, all cryptocurrency tokens live by the ethos of decentralization; if you break these rules, you are out!

This article will unravel the meaning of decentralization, and the new and established crypto coins that utilize this overarching cryptocurrency philosophy. How will the presale sensationDogeMiyagi (MIYAGI) make the most of this digital financial structure, and how are established cryptos Bitcoin BTC) and Ethereum (ETH) handling the current market pressure?

So what is the difference between centralized and decentralized finance? One way of putting it is that they are opposites. Centralized finance is controlled by a central entity that determines its functionality, like a bank or government. Decentralized finance is the opposite; functionality and development are controlled as a group entity.

The success of decentralized digital finance is due to a combined attribution of value with a consistent approach by crypto projects to push forward the market prospects. Without a ruling regulating body, the cryptocurrency market has thrived without interference.

In 2008, a developer with the pseudonym Satoshi Nakamoto outlined an idea for a new decentralized digital technology. Fifteen years later, Bitcoin has cornered a financial market worth billions. Bitcoin started the 'secure peer-to-peer transactions' trend and 'enhanced stability' by creating a monetary ceiling.

Whatever happens, there will only ever be 21 million Bitcoin, eradicating token inflation or chances of market manipulation. The BTC was trading at $ $26,405.45 when this article was written; it dropped by 2.80% over the last 24 hours and dipped 9.57% over the past week. Market capitalization sits at $511,504,128,821.

Regarding cryptocurrency markets and decentralization, two names generally spring to mind: Bitcoin and Ethereum. Bitcoin defined the token currency, and Ethereum pushed forward and refined its functionality. Essentially Ethereum is a blockchain-based platform that helps developers build and incorporate decentralized applications. You can create a decentralized application that will help support your decision-making authority.

Ethereum has created an industry-standard network that has helped its native coin ETH become a rival to Bitcoin. When this article was written, the ETH coin was trading at $1,773.63; it dropped by 1.54% over the last 24 hours and dipped 8.56% over the past week. Market capitalization sits at $215,221,554,620.

DogeMiyagi has burst onto the decentralized scene with an impact rarely experienced in the past few years. DogeMiyagi has been enjoying an impressive start to its presale, as the industry is a buzz with its roadmap and development plans for the future.

DogeMiyagi plans to make the most out of the decentralized structure with a smooth and secure exchange called Killer Swap Machine. Fueled by Uniwap, this new exchange will be free to trade MIYAGI with various ERC-20 tokens and Ethereum.

Another important part of the success of decentralized finance is having a well-functioning DAO or decentralized autonomous organization. This is at the heart of cryptocurrency and helps to utilize a community to evolve the project.

It doesn't matter if your project focuses more on its swap exchange, decentralized autonomous organization or investment adoption. It would be best if you had a winning combination for your brand. Bitcoin and Ethereum have become pivotal market indicators and templates of success, but every day is a chance for change, and maybe DogeMiyagi will be the undisputed master of decentralization.

Website:https://dogemiyagi.com

Twitter:https://twitter.com/_Dogemiyagi_

Telegram:https://t.me/dogemiyagi

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

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Best Crypto Coins To Buy: Bitcoin, and Ethereum Dubbed Decentralization Masters - Hindustan Times

Why the Global Push for Decentralization? – Tekedia

Decentralization is a system in which lower-level components operate on local information to accomplish global goals, without a central authority or controller. In contrast, a centralized system is one in which a central entity exercises control over the lower-level components, either directly or through a power hierarchy.

Decentralized systems have many advantages over centralized systems, such as failure tolerance, redundancy, scalability, and autonomy. For example, the Internet is a decentralized system that allows users to communicate and share information across the world, without relying on a single server or authority. However, decentralized systems also have some challenges, such as management complexity, security risks, and coordination difficulties.

In recent years, there has been a growing interest and demand for decentralized systems in various domains, such as computing, information technology, economics, and governance. One of the main drivers of this trend is the emergence of blockchain technologies, such as those used in cryptocurrencies like Bitcoin and Ethereum.

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Blockchain technologies use cryptography and consensus algorithms to create a distributed ledger of transactions that is verifiable and immutable, without the need for a centralized intermediary or authority. This enables new possibilities for peer-to-peer transactions, smart contracts, digital assets, and decentralized applications.

Another reason for the world push for decentralized systems is the increasing awareness and concern about the drawbacks and dangers of centralization. Centralization can lead to inefficiency, corruption, censorship, surveillance, and abuse of power by the central entity or authority.

For instance, many people are dissatisfied with the centralization of social media platforms, which can manipulate user data, influence public opinion, and censor content that they deem inappropriate or harmful. Decentralized systems can offer more privacy, freedom, and control to the users, by allowing them to choose their own rules and preferences.

Decentralization has some challenges and limitations, some of these include:

Management complexity and coordination: Decentralized systems require more effort and resources to manage and coordinate the components, especially when they are large and diverse. This also increases the risk of conflicts and inconsistencies among the components.

Quality assurance and accountability: Decentralized systems may lack standards and regulations to ensure the quality and reliability of the components. This also makes it harder to monitor and evaluate the performance and behavior of the components, as well as to enforce rules and sanctions.

Scalability and efficiency: Decentralized systems may face difficulties in scaling up or down to meet changing demands and conditions. This also affects the speed and cost of the system, as well as its environmental impact.

Therefore, decentralized systems are not a panacea or a one-size-fits-all solution. They need to be carefully designed and implemented according to the specific context and objectives of each domain and application. They also need to be balanced with centralized systems when appropriate, to optimize their strengths and mitigate their weaknesses.

In conclusion, decentralized systems are systems that operate on local information to achieve global goals, without a central authority or controller. They have many benefits over centralized systems, such as failure tolerance, redundancy, scalability, and autonomy. They also address some of the problems and challenges of centralization, such as inefficiency, corruption, censorship, surveillance, and abuse of power.

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Why the Global Push for Decentralization? - Tekedia