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Showing posts from March, 2023

Blockchain Helps To Detect And Throw Away Counterfeits From Supply Chain

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Do you remember when a man died due to the explosion of a fake Samsung mobile phone? In another case, around 100 people in Pakistan died by taking fake heart medicine. Both of these incidents took place in different industries, but will you believe me if I say that the main reason for both is the same? Counterfeit products are a big concern when it comes to a brand. It is because they can possibly destroy the reputation of the company.  What else can fake products do to a brand? How can we eliminate the intrusion of counterfeit products into the supply chain?– Let us dig in! Counterfeits Are The Ultimate Enemies For A Brand Fake goodies have become a growing concern that affects both customers and legitimate businesses. Having a transparent supply chain is essential to prevent the circulation of fakes. Thus, businesses should take proper preventive measures to guard their brand and reputation against being tarnished by fake products.  A fake product can affect a genuine busine...
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Artificial Intelligence has brought new dimensions to the world of art with NFTs. NFTs are unique digital assets stored on a blockchain that prove ownership and authenticity. However, creating an NFT typically demands technical proficiency and resources, posing hindrances for numerous creators. AI NFT generators offer a solution to this problem by using AI algorithms to create NFTs with ease. So, read on to find the complete essence of AI-powered NFT generators. Amazing AI NFT Generators AI NFT generators are software programs that leverage AI algorithms to produce one-of-a-kind digital assets that can be marketed as NFTs. These generators present a range of significant features. That includes, Scalability Adaptability Numerous Outputs AI-assisted Curation Blockchain Integration Adjustable Parameters User-Friendly Interface Randomized Algorithms  AI NFT Generator - The Working Mechanism AI NFT generators leverage machine learning algorithms to produce distinctive digital artworks. ...

EIP 4337 Explained | Visa Taking Steps To Try Out Account Abstraction

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Being a part of the crypto community for a long while, we might have felt that the user interface does need some upgrades. For this advancement, developers are going for account abstraction, also called ERC-4337 . Typically, account abstraction removes the need for any alterations in the consensus protocol. Instead of doing this, it goes for high-layer infrastructure. In order to create such robust digital contracts, you should approach a leading smart contract development services provider. Later, a smart wallet named “Argent” entered the market that follows the ERC-4337 standard. This wallet is said to be safe and allows traders to use the wallet readily. Thanks to the sleek and simple UX. Before knowing more about how “account abstraction” does the wonder, then you have to know its history in the first place.  A Preface To Smart Wallets Smart Wallets was first proposed in 2016 with Ethereum Improvement Proposal (EIP)-86. It was a catalyst attempt to alter the wallet standard of...

How To Transform Your Trading Career From Beginner To Expert?

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Recent investigations show that a majority of crypto traders fail during their initial stages. One of the main reasons why many traders lose their money is by falling for emotional traps and mismanagement of feelings. Traders used to fall prey to unwanted market hype and FOMO trends. As the crypto market is volatile, it is necessary to conduct in-depth research before investing in any digital asset.   Let us help you to transform your trading performance from a beginner to an expert. Continue reading! If you are a crypto trader, then you might know how challenging it is to suppress emotions while making crucial trading decisions. The anxiety and pressure in such circumstances are real. Traders lose the tendency to hold on to a failing position, leading to hasty and illogical trading behavior. However, we do have some ways to overcome and control the overflow of trading emotions.  One of the best-yielding ways to minimize losses is to opt for automatic trading methods. In ...

An Overview Of Blockchain Development & Ricardian Contracts

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Blockchain technology is an all-rounder technology that contains the essential elements to be termed “revolutionary” technology. Firstly, this technology has laid the foundation for an incredible transformation in the financial sector. Also, this distributed ledger technology is scrutinizing in many other industries. If we analyze carefully, enterprise blockchain development services are similar to typical software development services.  Didn’t get the point?– Continue reading to explore more about the blockchain development process.  Why Is Spotlight Flashing On Blockchain Development? Many researchers are exploring new ways to implement and utilize the overall potential of blockchain throughout all industries. This is because blockchain can add value to different businesses with plausible advantages, among which a few of them are given below.  Enhanced Transparency Blockchain can provide better transparency solutions regarding transaction history. With its distributed n...

Will “web3://” Replace “http://”?– A Guide About Web 3.0 URL and ERC- 4804 Token Standard

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If you’re reading this blog in a web browser, then you can notice a “https” on the blog’s URL. It is a protocol representing the security of a website. Since the beginning of the internet epoch, everyone has been familiar with ‘Http’ and ‘Https.’ And now, the time for a change has finally come.  The world’s second-largest blockchain, Ethereum, has released a new standard that enables web users to access Dapps and NFTs without worrying about centralized censorship. Despite the fact that most web URLs are in “HTTP” format, Web3 is going to introduce a game-changer here. Ethereum is already a well-known player for dapp and smart contract development services , but decentralized Web hosting?  Yes, the Web 3.0 URL has hit the floor. Let us break down the information about this new protocol.  What Is Web 3.0 URL? With the launch of the ERC-4804 token standard onto the Ethereum blockchain, users were able to access Dapps and non-fungible tokens without any censorship restrictio...

Cryptocurrency Arbitrage Trading - A Comprehensive Guide For Beginners

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Cryptocurrencies have become a hot topic in recent years. With the rise of cryptocurrencies, a new trend has emerged - cryptocurrency arbitrage trading. This trading technique is a low-risk, high-reward strategy that involves buying cryptocurrency on one exchange and selling it on another exchange for a higher price.  A Tour To Crypto Arbitration Crypto arbitrage trading is a low-risk trading strategy that involves buying cryptocurrencies on one exchange and then selling them on another exchange for a higher price. This strategy takes advantage of the price difference between different exchanges. Seek the top finest crypto arbitrage trading bot development services from the experts at Blockchain Firm. It is a top-notch blockchain development company that has the experience of more than 5 years in Cryptocurrency trading bot development services. Reasons For Price Variations Across Exchanges The price of cryptocurrencies varies between exchanges due to various factors. One of the m...

NFT Auction Platforms - The Development, Mechanism, And Monetization

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NFTs are transforming the way people perceive and value digital assets. In 2021, the NFT trading volume skyrocketed by 400x and reached $13 billion. By 2026, it is expected to reach the height of $100 billion, with an annual growth rate of approximately 40%. The rise of NFTs has given birth to a new form of trading platforms and this blog directs you to the development of NFT auction platforms and how they function. Insights Of NFT Auction Platforms An NFT auction platform enables the trading of NFTs, including images, animations, or videos. Users can create and sell their NFTs on an auction platform, similar to eBay. The significant difference is that NFT auction platforms require a cryptocurrency wallet to store and process transactions. These platforms utilize smart contracts to mint and transfer NFTs, ensuring transparency and security. Are you looking for an expert team to develop an NFT Auction platform? Look no further than Blockchain Firm.  Blockchain Firm is a reputable co...