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Blockchain technology has been revolutionizing various industries, and the business world is no exception. With the rise of cryptocurrencies, businesses have begun to recognize the potential of blockchain for streamlining operations, improving security, and reducing costs. One blockchain that has been making waves in the business world is Ontology, a public blockchain designed specifically for building business solutions. Want to get your hands on the best automated trading platform for BTC? Try quantum-code.app now for a fully automated trading experience!

Ontology is a blockchain platform designed for public use that offers a high-performance infrastructure for developing decentralized applications. Onchain, a Chinese blockchain company established in 2014 by Da Hongfei and Erik Zhang, the founders of NEO, created Ontology. Ontology was released in 2018 and has drawn a lot of attention from the business community due to its distinct characteristics and capabilities. Ontologys main objective is to provide businesses with a secure and efficient method of building and deploying decentralized applications.

Ontology is based on a modular architecture that allows businesses to customize their blockchain solutions according to their specific needs. It uses a consensus mechanism called VBFT (Verifiable Byzantine Fault Tolerance), which combines the strengths of both Proof of Stake (PoS) and Byzantine Fault Tolerance (BFT) algorithms. This consensus mechanism ensures that the network is secure, fast, and scalable.

Ontology also supports smart contracts, which are self-executing contracts that automatically enforce the terms of an agreement. Smart contracts can be used to automate various business processes, such as supply chain management, identity verification, and digital asset management. Ontologys smart contracts are written in the Solidity programming language, which is also used by Ethereum, another popular blockchain platform.

Ontology offers several advantages for businesses looking to implement blockchain solutions. Here are some of the key benefits:

Ontologys modular architecture and VBFT consensus mechanism make it a highly performant blockchain platform. It can process up to 5,000 transactions per second, which is significantly higher than other popular blockchain platforms like Ethereum and Bitcoin.

Ontologys modular architecture allows businesses to customize their blockchain solutions according to their specific needs. They can choose from a range of modules, such as identity verification, data exchange, and digital asset management, to build their decentralized applications.

Ontology is designed to be interoperable with other blockchain platforms and traditional IT systems. This means that businesses can integrate their existing systems with Ontologys blockchain solutions without disrupting their current operations.

Ontologys VBFT consensus mechanism ensures that the network is secure and resistant to attacks. It also offers various security features, such as multisig wallets and smart contract auditing, to ensure that businesses can build secure and reliable blockchain solutions.

Ontology can be used for a wide range of business applications. Here are some examples:

Ontology can be used to create a transparent and secure supply chain management system. By using smart contracts to automate the tracking and verification of goods and products, businesses can reduce the risk of fraud, counterfeiting, and other types of supply chain disruptions.

Ontologys identity verification module is a technology that can be utilized to establish a highly secure and decentralized system for the purpose of verifying identities. This type of system can be particularly advantageous for industries that require a high degree of accuracy and rigor in their identity verification processes, such as finance and healthcare. By leveraging Ontologys module, organizations can enhance their existing identity verification systems and ensure that they are reliable, tamper-proof, and fully compliant with relevant regulations and standards. With its advanced features and capabilities, Ontologys identity verification module represents a cutting-edge solution for organizations looking to improve the security and integrity of their identity verification processes.

Ontology can be used to create a secure and transparent system for managing digital assets, such as cryptocurrencies, tokens, and other types of digital assets. By using smart contracts to automate the management of digital assets, businesses can reduce the risk of theft and fraud.

Ontology is a blockchain platform that provides a diverse set of features and tools to build robust business solutions. Its infrastructure and toolkit stand out in the blockchain industry, making it a popular choice among developers and businesses looking to create decentralized applications.One of Ontologys primary focuses is on interoperability and user-friendliness. This means that the platform is designed to facilitate easy communication and interaction between different blockchain networks and technologies. As a result, Ontology aims to bridge the gap between blockchain technology and its real-world applications.

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Ontology: A Public Blockchain for Building Business Solutions - Auralcrave

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Artificial intelligence (AI) and cryptocurrencies have become examples of transformational technologies in recent years. These technologies are altering businesses and posing a challenge to old methods. Many industries, including healthcare, banking, and transportation, have been completely transformed due to AIs sophisticated algorithms and machine learning methods. Similarly, cryptocurrencies, such as Bitcoin, an industry pioneer, have Read more

Artificial intelligence (AI) and cryptocurrencies have become examples of transformational technologies in recent years. These technologies are altering businesses and posing a challenge to old methods. Many industries, including healthcare, banking, and transportation, have been completely transformed due to AIs sophisticated algorithms and machine learning methods.

Similarly, cryptocurrencies, such as Bitcoin, an industry pioneer, have disrupted traditional financial institutions by providing a decentralized and secure means of conducting digital transactions.

As both artificial intelligence and cryptocurrency continue to advance, the issue that emerges is as follows: will the next significant breakthrough in AI encourage the acceptance of cryptocurrencies? This guide investigates the possible collaborations between artificial intelligence and cryptocurrencies, focusing on the elements that promote increasing crypto adoption and the hurdles that must be solved.

Artificial intelligence (AI) and cryptocurrencies have the potential to form a partnership that is advantageous to both parties. Artificial intelligence has the potential to overcome significant difficulties that cryptocurrencies are now facing, including scalability, user experience, and security concerns.

By using the powers of AI, cryptocurrencies have the potential to become safer, more accessible, and more efficient, hence inviting a larger audience to engage in the cryptocurrency ecosystem.

In addition, AI has the potential to significantly contribute to the expansion of the use cases and functionalities of cryptocurrencies. AI can improve cryptocurrencies capabilities, making them more flexible and attractive to users and developers. Some instances of this include smart contracts, decentralized apps (dApps), and trading systems driven by AI. These are just a few examples.

Even though there is the potential for advantages, there are also challenges that must be solved. To guarantee the responsible and broad adoption of cryptocurrencies using AI, essential aspects need to be addressed, including regulatory uncertainty, biases in AI algorithms, the need for education and awareness, and the education and awareness gap.

In the following sections, we will investigate in further depth the part that AI plays in accelerating the adoption of cryptocurrencies, concentrating on its influence on aspects such as security, user experience, trading and investing, intelligent contracts and decentralized applications (dApps), as well as fraud detection and risk management. In addition, we will investigate the obstacles that must be overcome before the full promise of AI-driven cryptocurrency adoption can be realized.

We may obtain insights into the revolutionary impact of these technologies and the possible future they contain if we investigate the interaction between AI and cryptocurrency. The next significant advance in artificial intelligence has the potential to boost crypto adoption to new heights, opening the way for a decentralized and AI-driven future of finance.

By resolving various issues and improving multiple facets of the cryptocurrency ecosystem, artificial intelligence plays a critical part in accelerating the adoption of cryptocurrencies. The following is a list of significant roles that AI plays in helping the adoption of cryptocurrencies:

Both data protection and data protection are of the utmost importance in the crypto world. Creating more sophisticated encryption methods and algorithms that protect users privacy is one way that artificial intelligence (AI) might help improve the safety of cryptocurrencies.

AI algorithms can detect possible dangers, recognize patterns of fraudulent activity, and strengthen blockchain networks overall security. This results in a rise in confidence, encouraging more people and organizations to use cryptocurrencies.

For those just starting, the user experience of engaging with cryptocurrencies might need to be clarified and overwhelming. The process of maintaining and transacting cryptocurrencies may be made more accessible with the use of AI-powered interfaces and chatbots, which provide user-friendly platforms.

These artificial intelligence systems may assist users in establishing wallets, navigating through various features, and efficiently carrying out transactions. AI makes cryptocurrencies more user-friendly and supports wider adoption by enhancing the user experience and accessibility of digital currency platforms.

AI algorithms have shown to be incredibly successful at analyzing enormous quantities of data, recognizing patterns, and making correct forecasts, leading to widespread use in the trading and investment industries. Trading bots and algorithms driven by artificial intelligence may assist users in the context of cryptocurrency in making more educated investing choices.

These bots may monitor market patterns, news, and historical data to execute trades or offer users suggestions automatically. AI helps users to improve their investment plans and boost their profits by increasing the accuracy and efficiency of Bitcoin trading. This is accomplished by improving the accuracy and efficiency of cryptocurrency trading.

Smart contracts are self-executing agreements created on blockchain systems with established rules. By evaluating massive amounts of data and automatically creating code, artificial intelligence can significantly contribute to the creation and improvement of intelligent contracts.

This makes it possible to develop sophisticated decentralized apps (dApps) that can use AI and blockchain technology advantages. By integrating the powers of artificial intelligence with the openness and security of blockchain, smart contracts and decentralized applications (dApps) become more powerful and appealing to users and developers, which drives the adoption of cryptocurrencies.

Cryptocurrencies are susceptible to being hacked, having their value manipulated, and falling victim to fraud. AI algorithms can evaluate trends, identify abnormalities, and make predictions about prospective dangers; as a result, they may aid in determining fraud and managing risk within the cryptocurrency ecosystem.

AI helps increase trust and confidence in the market by lowering the chances of cryptocurrencies. This makes the market more attractive to people and institutions that want to avoid taking unnecessary risks.

Artificial intelligence plays an essential part in accelerating the acceptance of cryptocurrencies by bolstering crypto assets levels of security and privacy, upgrading user experiences and increasing accessibility, easing the process of making trading and investing choices, improving the performance of smart contracts and decentralized applications (dApps), and providing assistance in the identification of fraudulent activity and the administration of risks.

As artificial intelligence progresses, its integration with cryptocurrencies is anticipated to accelerate the adoption of decentralized digital assets significantly, altering the financial industry landscape.

Although a substantial amount of opportunity may be realized via AI and cryptocurrencies, several obstacles must be overcome before broad adoption. These difficulties include the following:

The regulatory climate surrounding cryptocurrencies is still being determined and differs significantly from country to country. Governments and other regulatory agencies are still stumbling their way through the process of comprehending and enacting fair laws for this emerging technology.

The absence of clear and consistent laws may act as a barrier to entry and slow the widespread adoption of cryptocurrencies. Building a clear and supportive regulatory framework that stimulates innovation while maintaining consumer protection and limiting risks is vital to encourage wider adoption. This framework should also safeguard consumers.

Artificial intelligence algorithms are not immune to biases, mistakes, or a lack of explainability. The choices made by AI systems may have enormous repercussions, especially in the crypto sector, where financial transactions are involved. Within the context of the cryptocurrency ecosystem, it is of the utmost importance to guarantee the transparency, explainability, and ethical usage of AI algorithms.

Using bias in artificial intelligence models may lead to unjust results and can perpetuate existing disparities. It is essential to eliminate prejudice, foster diversity in artificial intelligence research, and guarantee that AI systems are responsible and can be explained.

AI algorithms need significant computing resources, and blockchain networks have scalability concerns, particularly those with a large transaction volume. Combining AI and blockchain technology will be essential to produce efficient and scalable systems.

On blockchain networks, using solutions like sharding, off-chain processing, and layer-two protocols may assist in enhancing scalability and make it possible for AI applications to function without any problems.

Despite the growing popularity of cryptocurrencies and AI, there still needs to be more knowledge and awareness among the general people. This may be attributed to a need for more education and awareness. Many people and organizations need a greater understanding of these technologies, their potential advantages, and their hazards. To bridge the information gap and ensure that users can make educated choices about the adoption and usage of cryptocurrencies, educational activities, awareness campaigns, and readily available materials are required. It is possible to lower the barriers to entry via more knowledge and awareness, ultimately leading to broader adoption.

The combination of artificial intelligence and cryptocurrency raises several ethical questions that must be answered. For instance, using artificial intelligence in trading bots and algorithms might result in unfair advantage or market manipulation.

Establishing transparent norms and general industry standards is necessary to guarantee the moral use of AI in the cryptocurrency sector. Transparency, justice, the preservation of user rights, and the confidentiality of user data should all be considered ethical factors. In addition, artificial intelligence should be developed and implemented with a focus on social advantages and the long-term viability of the cryptocurrency ecosystem.

Artificial intelligence has the potential to accelerate the acceptance of cryptocurrencies; however, certain obstacles must first be conquered. The need for education and ethical concerns, as well as the regulatory uncertainties, bias, and explainability of AI algorithms, scaling challenges, and the need for all of these, are all essential elements that need to be addressed.

By proactively addressing these difficulties, combining AI with cryptocurrencies can open up new avenues of opportunity, boost trust and confidence, and pave the way for greater adoption of cryptocurrencies across various economic sectors.

The question of whether the next big step in AI will spur crypto adoption is a complex one. At the same time, AI holds immense potential to drive crypto adoption.

AI can play a vital role in addressing challenges within the crypto ecosystem. It can enhance security, improve user experience and accessibility, facilitate trading and investment decisions, optimize intelligent contracts and dApps, and assist in fraud detection and risk management. These contributions can make cryptocurrencies more appealing to a broader audience, encouraging their adoption and integration into various industries.

However, some challenges need to be overcome for widespread adoption to occur. Regulatory uncertainties surrounding cryptocurrencies, biases and explainability in AI algorithms, scalability issues, and the need for education and ethical considerations are significant factors that must be addressed.

The potential impact of AI on crypto adoption is significant as AI can improve various aspects such as scalability, transaction speed, and user experience, thereby increasing the appeal and usability of cryptocurrencies.

AI can enhance the security of cryptocurrencies by leveraging advanced algorithms to detect and prevent fraud, identify suspicious patterns, and strengthen encryption methods, thereby reducing the risk of hacks and unauthorized access.

AI algorithms can assist in making informed investment decisions in the crypto market by analyzing vast amounts of data, identifying patterns, and predicting market trends, helping investors make more accurate and timely decisions.

AI can optimize intelligent contracts and dApps by automating processes, improving efficiency, and reducing human error. AI algorithms can also facilitate contract verification, monitoring, and enforcement tasks, ensuring reliable and secure execution.

Challenges to crypto adoption through AI include regulatory uncertainties, lack of trust in AI systems, and potential biases in decision-making algorithms, which may hinder widespread acceptance and adoption.

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Will the Next Big Step in AI Spur Crypto Adoption? Cryptopolitan - Cryptopolitan

An evangelical Christian at a time when this was still a novelty identity in mainstream politics, Watt seemed to upend the environmental movements emphasis on saving the planet for our children and grandchildren. In a Congressional hearing on his (mostly failed) plan to ease restrictions on the use of millions of acres of public land,he said,I do not know how many future generations we can count on until the Lord returns. Watt was a dispensationalist, an evangelical strain with a strong emphasis on the Second Coming of Jesus and the Rapture. Such statements were shocking for a politician at the time, but hardly seem out of the ordinary now. In retrospect, bizarre Bible-thumping rhetoric wasnt Watts most important influence on his ideasor his legacy.

More than evangelical Christianity, Watts environmentalism was shaped by the Sagebrush Rebellion of the 70s, an ideological movement in the Western states rejecting federal environmental regulation, especially on land use. That movement had some grassroots appeal but was also lavishlyfunded by conservative businessmen. Inspired by this movement, Watt brought a populist framing of anti-environmentalism to national politics, presenting himself as a concerned Westerner, opposing environmentalists as elite groups trying to lock away public lands and resources for their own special use. (He had a tendency to liken all strong government regulations to Nazism.) Again, these statements were in stark opposition to the sensible environmentalism of Republicans pastbut sound all-too-familiar to voters today faced with the likes of Lauren Boebert and other Western, MAGA-style Republican politicians. Watts characterization of liberal environmentalists as elites opposed to popular interests has been such an effective right-wing narrative its hard to remember a time when it wasnt around.

Addressing the annual coal convention of the American Mining Congress in 1981, Watt described environmental organizations as special interest groups whose ideas were outside most peoples thinking on environmental issues. AsZephaniah Fleetwood, a graduate student in history at the University of California, Davis, wrotein a 2021 history masters thesis on Watt, he sought to portray himself and his policies as popular as opposed to the elitist policies of environmentalists and the Eastern political establishment. Watt once joked privately that his rhetoric was not to speak of Republicans vs Democrats but liberals and Americans.

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Good Riddance to the Architect of the GOP's Environmental Culture Wars - The New Republic

IT IS not your average group of nuns. In fact, the Sisters of Perpetual Indulgence are not nuns at all. They are transgender and queer drag queens dressed in technicolouror sometimes leatherhabits, who raise money for local charities. The sisters fame grew last month when the Los Angeles Dodgers invited, uninvited and then re-invited them to the clubs annual gay-pride night game. The baseball team suddenly found itself caught between conservatives who consider the drag nuns an anti-Catholic group and liberals outraged that the team capitulated to appease the conservatives. The Catholic League for Religious and Civil Rights is filling Los Angeless airwaves with radio ads urging the faithful to boycott the game. Attendance on June 16th will reveal whether LAs religious baseball fans feel the need to stop worshipping at Dodger Stadium.

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As absurd as the fight over the sisters has become, it is just one of many political skirmishes over gay-pride events this year. In Glendale, a city next to Los Angeles, a brawl erupted outside a school-board meeting in which officials were deciding whether to recognise June as LGBTQ pride month for the fifth year running. Parents protested against a pride assembly at an elementary school in North Hollywood. Nor is the backlash limited to California. Conservatives called for the boycott of Bud Light, Cracker Barrel, Target, The North Face and other brands that recognise pride month, work with transgender influencers or hawk rainbow-flecked merchandise.

Bill Clinton first declared June to be national gay and lesbian pride month back in 1999. So why, more than 20 years later, has pride become controversial? Two connected trends explain it. First, the scope of pride has changed over the years, perhaps faster than public opinion. During their presidencies Barack Obama and Joe Biden expanded their pride declarations to include more people of different sexualities and gender identities. This year Mr Biden proclaimed June to be lesbian, gay, bisexual, transgender, queer and intersex pride month. LG has become LGBTQI+.

More Americans than ever, about 71%, support gay marriage. But there is less enthusiasm for the latter bits of the initialism. A recent survey for The Economist by YouGov suggests that about a third of Americans think society has gone too far, and the same think it has not gone far enough, in accepting trans people. One opponent of pride month in Glendale identified herself as an LGB activist. LGBTQIA [A stands for asexual] is so broad that it really is quite difficultto hold together as a front, says Karla Jay, who helped organise the first pride marches in New York and Los Angeles in 1970.

Second, issues around gender identity have become core to the culture wars. The Republican Partys presidential hopefuls are betting that framing their fight against drag shows and books with queer characters as a battle for parental rights will win them votes. Nikki Haley has suggested, without evidence, that trans children playing in girls sports has led to more teenage girls contemplating suicide. Mike Pence called the Dodgers drag-nuns invitation deeply offensive. And Ron DeSantis, by prioritising anti-LGBTQ bills as governor of Florida, has turned himself into Americas biggest anti-woke warrior.

Florida has pushed anti-LGBTQ bills, such as the so-called Dont Say Gay law, which bans teachers from discussing sexual orientation or gender identity with young pupils (something it is not clear they were doing in the first place). But it is not the only state doing so. The American Civil Liberties Union reckons state lawmakers have introduced nearly 500 gender-identity bills in 2023 alone. Nearly half concern education, and would do such things as ban students from using bathrooms that do not correspond to their biological sex, or oblige schools to inform parents if children change their pronouns.

Meanwhile in Los Angeles, the Sisters of Perpetual Indulgence are declaring victory. May the fans be blessed! they wrote after being invited back to the baseball game. May the beer and hot dogs flow forth in tasty abundance!

Stay on top of American politics with Checks and Balance, our weekly subscriber-only newsletter, which examines the state of American democracy and the issues that matter to voters.

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How LA's drag nuns took centre stage in the culture wars - The Economist

Local newspaper boxes in Detroit in 2008 after Barack Obama was declared president. Today, the collapse of local journalism diminishes civic life. (Paul Sancya / Associated Press)

All politics is local, is an old American saying. That might partly explain why democratic politics is going so badly especially, but not only, in the United States. For local government to work properly, there must be local journalism to hold politicians and policymakers to account. But local journalism has been collapsing in many parts of the world.

This makes it more difficult for citizens to connect to civic life, both locally and, eventually, nationally. Local problems that could have wider significance go unreported, and many of the on-the-ground effects of national policies are unrecognized. But though there is no single fix for the decline of local journalism, we are not helpless. Experiments in different countries suggest ways to revitalize local reporting. All make the production of public interest news, by whatever economic means available, a priority over seeking to salvage outdated commercial approaches.

For most of the 20th century, the news business relied on advertising revenue. But that model started collapsing in the late 1990s as the internet became ubiquitous. Local journalism was hit especially hard, not only because ads migrated to free online classified boards (like Craigslist), but also because local papers lacked the resources to build an attractive web presence that could support a successful subscription model.

The consequences have been dramatic. By some estimates, one-third of the newspapers that existed in the U.S. in 2005 will be gone by 2025. Some 70 million Americans already live in news deserts, or will soon. In the United Kingdom, 320 local newspapers closed between 2009 and 2019. The private equity firms that have been buying up news organizations tend to make things worse. Rather than investing in journalism, their focus is on ruthlessly reducing the size of newsrooms and selling off newspaper buildings (many of which are in lucrative downtown locations).

The implications for democracy are beyond debate. Social scientists who study the issue have demonstrated clearly that less local journalism results in higher levels of corruption, undermines political competition and reduces citizen engagement.

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Because politicians representing rural or neglected areas are subject to less accountability, the effects of their decisions on their constituencies are then also less likely to be investigated properly. And even if there is good local reporting, it too often remains local. George Santos serial lying was known around Long Island and covered by a local newspaper, but it did not become a national news story until weeks after he was elected to Congress.

Making matters worse, the vacuum created by the absence of local news is often filled by national culture wars. Of course, engagement with local issues does not automatically make people more civil or pragmatic. Culture wars can just as easily be stoked at the local level by operatives who create moral panics through propaganda outlets that are designed to look like newspapers.

When inundated with propaganda masquerading as reporting, people living in news deserts generally do not even realize that they are being deprived of news.

Although no single business model has emerged as a reliable replacement for advertising revenue, alternatives to the tyranny of the market exist. Consider philanthropy. While there is an obvious danger of creating dependencies or conflicts of interest, a mixture of philanthropic funding and volunteering can give rise to inspiring initiatives like Report for America, which places people in local newsrooms to cover underreported issues.

Countries like the U.K. could make it easier for journalism to qualify as a charitable activity, and governments everywhere can provide grants. The peril of creating dependencies or conflicts of interest is avoidable if there are enough layers between the state and recipients of taxpayer money.

Contrary to what Elon Musk wants people to think when he calls NPR state-affiliated media, mechanisms for insulating journalists from political pressures have long been available in public service broadcasting. There is no reason why they cant be extended to local journalism as well.

Other innovative approaches include employee- and community-owned news organizations. The Philadelphia Inquirer, for example, is run as a public-benefit corporation, and owned by a nonprofit institute devoted to reinvigorating local journalism.

Democracy depends on communication. But effective communication, in turn, depends on understanding which democratic decisions really matter. To that end, the nonprofit States Newsroom focuses squarely on state-level policies that affect citizens in ways that are not obvious even to the relatively well-informed.

The Documenters Network trains and pays people to report on local government meetings that otherwise would go unobserved. The BBC, for instance, has partnered with local newspapers to increase the quantity of local reporting, sending a clear signal that decisions on the ground matter.

Some approaches will function better than others, depending on the locale. But as a general matter, it is crucial to avoid strategies that primarily benefit larger regional or even national newspaper companies, rather than local institutions.

Innovative plans to let newspapers negotiate for content fees from big platforms like Google have worked for media companies in Australia, and they may yet work in the U.S. if new legislation such as the Journalism Competition and Preservation Act is approved by Congress. But money must go to the grassroots, too. The goal, after all, is to produce genuine news of public interest about and from places otherwise forgotten or ignored.

Jan-Werner Mueller, a professor of politics at Princeton University, is the author, most recently, of Democracy Rules.

This story originally appeared in Los Angeles Times.

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Opinion: How weakened local journalism created space for the ... - Yahoo News