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Kryptarion

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  1. Blockchain technology enables value-based interactions; as the internet can enable valuable interactions among devices, the blockchain can provide an easy medium and smooth environment for the transactions that may accompany value-based transaction among different devices. The huge benefits of decentralization are undeniable. And the most desirable aspect of any product to the consumer is security and transparency regardless of whether it cater for other things. But most blockchain platforms have failed to attract consumer interest The Challenges When companies require technological tool tapered to their specific need, they utilize smart contracts which allow trusted transactions to be executed among anonymous parties without the interference for a central authority, a legal system, or external enforcement mechanism Smart contracts are a basic protocol in blockchain technology. However, Security has always been one of the major challenging issues for smart contract platforms. Reports account for as much as $70M being carted away in DAO hack. This has been followed by a string of incidences. It is clear that the blockchain platforms have room for improvement in this particular area. Additionally, because of lack of necessary frameworks, a lot of third-party enterprises have stepped up and provided more centralized solutions for multi-platform availability. At the moment, the Ethereum’s Light Client has only been integrated in an experimental phase, the necessary tools required for secure smart contract development are still in development, and the interaction of mobile applications with blockchain are extremely small in number mobile applications interacting with. This and many more usability issues contribute to the challenges of blockchain. The design of the blockchain is that every transaction on the system requires all the nodes on the network to transmit this information in order to have an accurate record of the blockchain transactions. As the number of nodes on the network increase exponentially, the transaction time takes longer to distribute the information across the network. Currently, the bitcoin blockchain can only process up to 7 transactions per second while Ethereum can handle around 15. Another challenge facing the technology is the issue of scaling. How can blockchain increase it number of reasonable transactions per second so that the technology can truly be utilized functionally on a global scale. The Good NEWS AERGO is a new blockchain project that is creatiled to disrupt the blockchain technology and to prove that further developments can be done to improve the technology for the benefit of the society. The DAO's hack of 2017 has brazen new start ups about the importance of establishing secure blockchain platforms. Of course the hack was not due to any problem on the Ethereum blockchain; it came from a loophole in the smart contract coding which was exploited by an intelligent hacker. Had the code been well written, the hack could have been avoided. The AERGO blockchain will use an in-house coding algorithm called AERGOSQL to create smart contracts. AERGOSQL will leverage LLVM technologies in order to utilize JIT performance and implementation like WiredTiger to create a secure smart contracts. Blockchain technology is still a novel arena, a new cutting-edge that has the ability to interconnect enterprises and the and the world at large. Thus, in order to enhance the development of applications that will fully utilize this technology, it is necessary to facilitate developers. AERGO has developed an intuitive solution to attract contributors. Naturally, a platform that aims to disrupt the blockchain has an audience of developers. Thus, AERGO has made it possible to develop enterprise-grade applications through a coding language familiar to most developers. The fact that the architecture of AERGO is also open source only further smoothens the on-boarding of developer interest. Another standout aspect is that AERGO evens the playing field and ensure that there’s an equivalent opportunity for everybody. Any business enterprise, innovator or developer can easily be engaged and given the right tools needed to leverage the power of AERGO blockchain. Wrap Up: Of course blockchain has challenges. Same as any emerging technology, there are always kinks to iron out. But if we are to put our full trust and support in the technology we need to know that firstly it works, secondly there are innovative researches to improve it to provide benefit to society. And lastly, there is AERGO!!!
  2. Vanta will revolutionize the blockchain industry by creating a third generation blockchain to provide enterprise-grade solutions in areas of scalability and real-time data processing; it takes the world one step closer to being better prepared for internet 3.0 VANTA SWOT Analysis SWOT analysis gives a detailed analysis on the potential of a project. Strenght Vanta is an extremely innovative platform designed to be able to integrate well with any business or enterprise; VANTA's key strength is that it is a timeless product. There is a progressive growth in blockchain technology and much of the excitement about the development of Ethereum is now directed towards upcoming third generation blockchains, which are focused on increased scalability. A few years from now, we could be experiencing the rise of forth or even fifth generation blockchains. While most blockchain projects are developing products optimized for present market needs, VANTA project is developing something that will always be relevant as it can integrate well with future technologies. A timeless development like VANTA has a powerful scope in the long run as advancements in blockchain technology could render existing data-focused projects obsolete, opening up the greatest market share for VANTA. Weakness VANTA project is developing a product that target one of the most organic utilities of blockchain technology: data security and scalability. This value-additive feature is one of the most commonly pursued areas of entrepreneurs in the blockchain industry. That makes competitiveness quite high. However, VANTA still remains the most complete blockchain-powered data solution to date; it very easily stands out from its rivals and this has been evidenced by the degree of interest it has drawn. Thus, it will be easy for VANTA to penetrate the market. What it takes is an initial dedication to a good, well-funded awareness and promotion campaign. Opportunity Scalability and real-time data processing are becoming increasingly valuable to businesses and commerce; blockchain technology is growing exceptionally in its adoption. VANTA is incorporating one of the most important technologies in history to create value in one of the largest and fastest growing industries in the world. VANTA is a blockchain product that is strategically designed to satisfy the needs of the present and future. Threat Platforms usually improve as they see more adoption and usage due to benefit from the power of the products or services that they offers. However, the major challenge of such platforms is that they hold no real value until they are able to develop a market; in VANTA's case, this means there needs to be a supply of services on the platform that are in demand by an existing userbase. If any of the two factors is not met, the platform rubs empty. However, while such a problem can be a very big threat to any platform, VANTA has taken proactive measures to attract in a userbase by launching a minimum viable product during its ICO phase; this has pushed some of the (many) interested investors to build up as an early community of the actual product. On the other hand, the development team has been working very hard to build valuable partnerships with some of the most important blockchain companies out there, and they’ve managed to integrate many of their systems with VANTA's. Of course, long term success requires this degree of effort to continue, and VANTA's team current level and pace of achievements and foresight are a testament to their ability to continue performing. Wrap-Up VANTA is a timeless product and its team’s diligent efforts to build early valuable partnerships have secured this product’s ability to capture the data industry. Essential VANTA Community Links Web: https://vanta.network/ Whitepaper: https://vanta.network/doc/VANTA_White_Paper.pdf Telegram: https://t.me/vantanetwork Twitter: https://twitter.com/vantanetwork My Connect BTT: [https://bitcointalk.org/index.php?action=profile;u=2142818 Eth: 0x77671737074EC0371B814058773FE2a75acC495d
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