May 22 2019
Harmony: a Breakthrough platform for a better future
The emergence of bitcoin in 2008 has brought various changes in the world of blockchain technology. After the rise of bitcoin, the concept of blockchain has spread across the globe. With the popularity of bitcoin from year to year, automatically many people also find out the idea of blockchain, which is the supporter of the cryptocurrency.
To be reminded, bitcoin appeared in 2009 where there was someone named Satoshi Nakamoto, and many people claimed he was the one who discovered the digital currency. Bitcoin is the first digital money that is implemented, and then, the other cryptocurrency appears.
The bitcoin blockchain is created as a peer-to-peer payment system that makes it easy for users to make transactions because the system is decentralized. In other words, when someone makes a purchase or payment using bitcoin, there is no intermediary to complete the transfer of value. Unlike current transactions, there are conventional banks that are intermediaries between senders and recipients who make operations run longer than using bitcoin.
It should be noted that cryptocurrency is one of the blockchain representations whose presence and the impact can be enjoyed directly by the wider community. It is not without reason why many people invest their money on cryptocurrency because the blockchain system offers advantages that are not found in other systems.
The advantage offered by the blockchain system is a distributed storage system. Blockchain can be said to have no loopholes for failure because data storage is scattered in devices whose networks are spread. Besides, the data storage network can replicate and store copies of the database so that security is also very tightly maintained. Unlike storage systems found in conventional banks whose data is stored only in one center, which is very vulnerable to attack so that when the order is hacked, the data will be more easily spread.
Another advantage is the cost savings when using the system. In transactions or payments made via the blockchain, there are no third parties involved in the transaction. Conversely, every transaction that is carried out only involves related parties. It is because every person or user has access to the same single data permission. Of course, this saves costs for almost all businesses because they don’t need to recruit intermediaries.
Blockchain is a system that has a lot of potential going forward so that it can still be explored to be better. One of them is when, in 2014, Vitalik Buterin developed a new blockchain infrastructure called Ethereum. Ethereum is almost similar to the blockchain that relies on peer to peer networks intending to make Ethereum a smart contracts platform.
Website: https://harmony.one/
White Paper: https://harmony.one/whitepaper.pdf
Scalability as the problem
When ethereum was developed, it was found that no solution could solve the problem of the previous infrastructure. The problem in question is about scalability, where ethereum fails to support high-throughput applications such as decentralized exchanges.
With the obstacles that occur, improvements are, of course, continuously carried out to get a system that can improve the precise application. Many blockchain projects have sprung up offering solutions that are claimed to enhance the quality of operation such as replacing Proof-of-Stake (PoS) consensus Proof-of-Work (PoW) and several other projects that unfortunately cause significant performance. In fact, among the plans, the security and decentralization aspects were ignored.
Until the first public blockchain appeared and claimed to be able to overcome the problem of scalability by using sharding. The blockchain is called Zilliqa. But Zilliqa stumbled by two issues that made him fail to offer a solution. The first is that Zilliqa does not share storage on blockchain or sharding data. The second is that Zilliqa relies on Proof-of-Work, which can cause him to be sensitive to single-shard takeover attacks.
With all the projects that have been tried and the claims of each party that carried out the plan that they have found a perfect solution to the problem of scalability, in fact, nothing has been said to be successful or even close to solving the problem.
Website: https://harmony.one/
White Paper: https://harmony.one/whitepaper.pdf
Blog: https://harmony.one/
Harmony is the answer.
Scalability is certainly still a problem even when the blockchain was first created. Many parties are curious to provide solutions to the issues that can be said to be one point of the blockchain weakness. But it seems that the presence of this one blockchain answers anxiety about scalability. It claims to be the next generation blockchain based on sharding that has been tested to be safe, energy efficient and is undoubtedly fully scalable. The generation of this blockchain is named Harmony. Let’s find out more about Harmony.
Harmony comes as a response to the problems of the previous blockchain infrastructure. Harmony comes by combining the results of the best research that has been done before, and the system practices that are adjusted optimally. The notion of Harmony one itself is an open consensus platform which will be expected to become a driver of a decentralized economy in the future. Unlike the previous blockchain platform, Harmony offers a platform with low-latency, high throughput, and low cost.
As the name implies, which is Harmony, this platform is undoubtedly expected to be a platform that unites all needs and becomes a harmonizer for many people’s lives. This platform can be a consideration for people because Harmony does not only offer a blockchain whose scalability problems are solved but also becomes an infrastructure that can later be a place to build various types of applications that require high throughput and decentralization. Applications that can be made on Harmony one are games, decentralized applications, to the AI data market. All of that can be realized thanks to the presence of Harmony.
Harmony has stated that its platform not only resolves scalability issues but also the number of nodes participating in the network of decentralized nodes. Some of you might be curious about how Harmony handles the issue of scalability and what approach the platform does so that the problem can be resolved. So the answer is Harmony using a sharding-based consensus protocol that is adopted, which scales according to the number of nodes that are increasing in the network. That makes Harmony different from other blockchains. Harmony cares about the number of nodes participating in a decentralized blockchain network.
When talking about the technology used by Harmony, another reason why Harmony is the answer to people’s anxiety about the issue of scalability in the blockchain infrastructure is that Harmony believes that maximum optimization is needed that crosses several layers to complete scalability. That is why Harmony takes an approach by applying innovation in networks, systems, and consensus algorithms that are done ten times than what is usually done.
Harmony chooses sharding and pipelining designs because they can effectively handle connection latency and allow throughput to scale to the size of the harmony network. To get a broader range of devices participating in a more decentralized system, they also widened mission lean kernels explicitly made to run their protocols. The way it works is by increasing CPU performance and security.
With the explanation is given about Harmony starting from the issue of scalability to the technology developed and run by them, it seems very appropriate to choose Harmony as a blockchain platform that can support a decentralized economy. It is seen that Harmony is not only a project created only to solve the issue of scalability but also bring the blockchain to a more advanced era.
The breakthrough offered by Harmony
As a platform created to become the next generation of blockchain, Harmony certainly offers breakthroughs in several aspects that are expected to be maximized well to achieve a radically good economy. The following is a breakthrough made in several aspects:
a. Fully Scalable
Harmony’s first breakthrough is on the element of scalability. As we have already known, the issue that is being sought out is the scalability. What makes Harmony is a fully scalable blockchain is the fact that it shards the blockchain states, unlike the previous blockchain which claimed can handle the scalability issue.
b. Secure Sharding
The second breakthrough is safe sharding. One way to solve the issue of scalability is by sharding. Sharding is creating many groups of validators and making them conduct transactions simultaneously. It certainly requires a secure system to process transactions simultaneously, and Harmony has proven that the process of sharding in their platforms is safe due to distributed randomness generation or DRG processes. The function of this DRG is to make the sharding process unpredictable, unbiased, valid, and last but not least scalable.
c. Efficient and Fast Consensus
The third breakthrough that Harmony made is a practical and fast consensus. Harmony Consensus is dynamic because it uses Proof-Of-Stake or PoS, which provides the advantage of saving energy. Whereas the other blockchain uses PoW, which requires them to choose a validator.
d. Adaptive Threshold PoS
The next breakthrough is an adaptive threshold PoS. In this aspect, so that a node can join the network, a bet threshold is adjusted based on the total bet volume. This method is done so that the malicious stalker cannot concentrate on one shard.
e. Scalable Networking Infrastructure
The next breakthrough is scalable networking infrastructure. In this aspect, Harmony uses an Adaptive Information Spreading Algorithm whose function is to spread blocks quickly in fractions or across networks. As for achieving an algorithmic scale cross-shear transaction with a specific amount, Harmony uses the adopted Kamdelia route.
f. Consistent Cross-Shard Transaction
The last aspect of making a breakthrough is regular Cross-shard transaction. In this aspect, the factor that influences the consistency of cross-shard operation is the atomic locking mechanism used by Harmony.
Those are some of the breakthroughs made by Harmony in several aspects of the blockchain. The innovations presented by Harmony are undoubtedly able to provide applications that were previously not feasible on the blockchain to be something that can support a newly emerging decentralized economy. Increasing the trust of billions of people is one reason why Harmony made innovative breakthroughs.
Website: https://harmony.one/
White Paper: https://harmony.one/whitepaper.pdf
Blog: https://harmony.one/
Sharding and Consensus
Consensus protocols are a vital element of each blockchain because it plays a role in determining how safe and fast blockchain validators one is to be able to reach consensus on the next block. The commonly known consensus protocol is Proof-of-Work, which is used for cryptographic solutions. Whereas the other consensus protocol, Proof-of-Stake, was used by Harmony as the basis for the selection of the Harmony consensus Validator.
A little explanation about sharding, scalability is an issue of concern in the world of blockchain technology. Every new project that will be launched tries to solve the problem by claiming to have found the answer. But, when Zilliqa, which is the first sharding-based public blockchain, appeared and claimed to have found a solution, the solution offered was not proven to solve the issue of scalability. It should be noted that the issue of scalability is not only a concern for those who work in the blockchain industry but also those in the academic world. This issue has attracted a lot of attention since 2017.
Describing sharding as a solution to scalability problems, before claiming to have found a solution, Harmony has tried various approaches to assign nodes to fractions which of course have been proposed first. Portions referred to are random-based sharding, location-based sharding, and centrally controlled sharding. After going through the process of this approach, it was found that randomness-based sharding was the safest and most recognized solution.
To determine sharding tasks on each node, a mutually agreed random number is needed, and the number must have several properties. Among these are random numbers. Which means that no random number can predict before it is produced. Other features are unbiasable, which means that there should be no bias by any participant when the process generates a random number running. The third property is valid. The meaning can be verified is the observer can verify the validity of the random number generated. Last but not least, the previous property is scalable. Randomness generation algorithms must scale a large number of participants.
Website: https://harmony.one/
White Paper: https://harmony.one/whitepaper.pdf
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May 28 2019
Let’s See How Migranet Work with Blockchain Technology and Artificial Intelligence for Solutions to World Migration
When you need information about which country is suitable for your place of residence. Or you might feel that the country you live in is not ideal for you and your career? Then you need a system for immigration. You might need a professional to find out which country is right for you.
The next question is, how can you be sure of the professionals you meet? Do they give the right advice? You may need more than one professional to express their opinions. But what about when every professional provides a different answer? Of course, that will be a new problem for you.
Migration is synonymous with your readiness to go through a complicated and time-consuming process. Isn’t to mention the costs needed for the procedure in Migranet platform. Do you believe that there is currently a solution to overcome migration with the use of technology? You will also be faced with a decision-making system using the basis of artificial intelligence.
It is not impossible that technology has an essential role in helping you achieve your needs. Systems with logic made by experts and outlined in the form of technology will have a high degree of accuracy. That’s how artificial intelligence was included in the migration platform. This is the first thing that exists in the world by combining AI with blockchain technology.
You certainly are no stranger to blockchain technology which has become popular since Bitcoin was created. This technology is presented with the concept of decentralization to promote transparency. That’s what makes blockchain technology in demand. Besides, the use of blockchain technology also implements cryptocurrency to simplify the payment process.
When you have transacted with blockchain technology, of course, it is no stranger to you. However, combining the blockchain with the AI is only the first time there, and you need to try it. You can consult for free through a platform to determine which place is right where you live. AI will help you by giving recommendations.
How can AI recommend that for you? That can be done by giving some of your data, such as education, work, habits, hobbies, and even data about your child or wife. That will help AI to determine the right goals. You also don’t need to worry because the data you provide will be safely stored on blockchain-based technology.
The blockchain combination with AI is done on the Migranet Platform to simplify your migration process, and it is also equipped with 100% free consultation. So when you are going to migrate or are not sure about where you live now, you can take advantage of this platform and get a place to live that suits your identity. You can also get complete information through the official website of the Migranet platform.
Ann Thread: https://bitcointalk.org/index.php?topic=5124821.0
Website: https://migranet.io/
White Paper: https://migranet.io/wp-content/uploads/2019/04/Migranet-Whitepaper-v.1.1.10.pdf
How Do Migrants Work?
You must have been curious about how the collaboration between Blockchain and AI complement each other and form a safe migration system. Digitalization has increased very rapidly, and the development of platforms to meet human needs continues to be carried out. Migrants become one of the innovative platforms to help anyone get a life that is by your passion. The following is how the Migranet Platform works.
The first thing you can do to take advantage of this platform is by registering. At this stage, you will provide information about the professional history, country of origin, oral language, education, and other supporting information. You don’t need to worry because your information is very safe.
At this stage, you will see options presented from the results of the AI algorithm to process the data that you provide with the conditions of a country. You can see the possibility of potential migration based on migrant intentions. It will be based on education, work, travel, or residence chosen as a permanent residence. Besides, migrants can also select the country of destination manually when fulfilling the requirements.
When migrants have successfully selected the country of choice, the next step is to submit the desired status. At this stage, the costs will be withdrawn from the MIG wallet (tokens used in the ecosystem to make payments). The amount needed is $ 500 for permanent residence and $ 150 for all other forms of migration.
After that, migranet will process the application and work with the appropriate parties in the destination country to complete it. You only need to wait until the process is complete. You can also see this concept and try it through the Migranet prototype. With the trial, you can find an overview of the use of applications for migration.
The process carried out is quite simple and easy to migrate. You don’t need to stand in line or even pay unnecessary fees. You can also avoid various forms of fraudulent actions that can harm you. The full Migranet Platform gives you the convenience to migrate to a country that suits you.
The Use of MIG on the Migranet Platform
MIG is a cryptocurrency that is used to transact in ecosystems. Everyone can have MIG tokens as a form of participation on the platform. The total supply of tokens will amount to 850 million. That will allow more people to utilize the migration platform with blockchain technology. Purchases can be made in the ITO period as a form of the initial contribution.
The use of MIG can be done by using a digital wallet. Every transaction with blockchain technology always involves cryptocurrency. The role of MIG to facilitate exchanges can be done and has been applied to many platforms with the adoption of blockchain technology. The use of MIG tokens also makes you not have to worry about security and transaction speed.
The transaction that you did on a blockchain technology platform will use a smart contract system. Data will be stored on a secure block and only made by parties who have interests. Besides, ownership of MIG tokens becomes essential when you need the migration process. Register yourself immediately to get MIG tokens. It will be available on a limited basis to maintain liquidity.
Of the total MIG Tokens, it is planned that there will be 510 million tokens as a circulation supply. Then the sale of the token was also at $20,000,000 soft cap with $75,000,000 hard cap. The payment received for purchasing MIG tokens is ETH. Public transactions will also usually be carried out in a certain, so you need to record important dates.
The deadline for selling tokens is August 15, 2019. Date changes may occur, so you need to update the information regularly. The MIG Token will be priced at $0.20 for one MIG token. The project protocol uses ERC20. The reason for limiting the number of tokens is none other than to maintain liquidity and increase the need for tokens to transact in ecosystems.
Use the Secure Multi Coin Trust Wallet for Android and IOS
Good news for you because the application is available for the Android and IOS operating systems. That will make it easier for you to trade in your hand. The trust wallet will give you all the concepts you need to know in one place. That will provide several features that can represent your needs for digital transactions.
The trust wallet is equipped with a private key that is only stored locally to ensure safe use. Besides, the account is also protected by many layers of security to reduce the risk of actions that can harm the user. As an embodiment of the digital payment method, Wallet Trust will be a safe and reliable system.
Besides, the advantages of this wallet are compatible with ERC20 and ERC223 tokens so that it has full support for the Ethereum network. This system also supports well-known crypto and cryptocurrency protocols such as ETH, ETC, POA, GO, VET, etc. so that it will ensure your convenience to make transactions anytime using various currencies.
You don’t need to worry about your data because this payment system offers anonymous concepts. That will make your personal information safe because no one will ever be able to access personal information. This concept also ensures that personal data is always safe, thereby increasing the user’s trust in utilizing the Wallet Trust.
This wallet system has been supported by the exchange in a decentralized manner, ensuring that the Wallet Trust will continue to work smoothly. The collaboration with Binance DEX also provides an opportunity for you to do business instantly. The entire concept offered is undoubtedly possible on decentralized exchanges built on blockchain technology.
Dapps and Web3 support are also available, allowing you to interact with decentralized applications. The Migranet platform is ready to launch a migration service product across the world to facilitate everyone’s access to technology. Technology development will also help you continue to get positive impacts from its development, including secure and safe migration.
What is Migranet Provided for Migrants?
Migrants are familiar with the term migration with various problems and problems in the process. The presence of the Migranet platform is intended to provide a system with high transparency. It was realized with several technologies used in the development of platforms. Besides, the system also offers accuracy, accountability with a fraction of the costs needed in the traditional process.
An assessment of a migrant is carried out with an AI where the algorithm will verify credentials and ratings. This will result in the host country for immigration. For migrants to avoid malpractice, fraud, and misrepresentation, protection is carried out by implementing blockchain technology. It is a technology developed for digital system security and has been tested.
What about migrant data information? You don’t need to worry because the platform will use Biometric ID. The purpose of its use is to provide certainty for refugees by keeping their original identity confidential. The biometric ID will not include the official name, date of birth, and country of origin. It will be changed in the form of an encrypted hash. The application of Biometric ID can guarantee the safety of migrants.
Besides, the application of MIG Tokens is also one method that is done so that payments are safe and by the needs. It is a cryptographic utility token. Every migrant who needs services from Migranet requires them to exchange with MIG Tokens. To have tokens, each migrant can join the token sales event at the beginning, or obtain a token first through token holders.
The As Migranet Platform The One Stop Solution to Migrants
What more do you think when the global Migration platform is available before you? Development of the Migranet platform using the basis of blockchain technology and AI is the best solution for global immigration. The concept of AI found on the platform can help you find the right country to live in.
Migranet is also presented with experts in their fields to produce professional assessments to provide the best service for platform users. The use of blockchain technology can ensure the security of the data you provide. It will all be stored on the locked block safely. Not just anyone can access it unless they have the authority.
The use of smart contracts also helps protect migrants from various actions that can be detrimental. The contract will be made based on the concept of implementing blockchain technology for better digital transactions. The platform also offers a more affordable payment system by avoiding credit card usage, high conversion rates, delays in the transfers, and high banking fees.
The use of MIG tokens makes each transaction more comfortable and faster. Cryptocurrency on blockchain technology platforms is beneficial for the implementation of the payment system without involving third parties. It also makes exchanges quickly resolved without requiring verification from other parties. All of that can be carried out transparently and can be seen in real time.
Migranet Platform provides the best solution for every problem that occurs in immigration. When you don’t need to be afraid of fraud, irresponsible agents, and malpractice, you are also faced with the fact that the cost of managing this is very affordable. So why should you wait to immigrate to the country that is right for you?
Ann Thread: https://bitcointalk.org/index.php?topic=5124821.0
Website: https://migranet.io/
White Paper: https://migranet.io/wp-content/uploads/2019/04/Migranet-Whitepaper-v.1.1.10.pdf
Social Media:
https://twitter.com/migranet1
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Posted by: kurniawan05
https://bitcointalk.org/index.php?action=profile;u=1187741
ETH address: 0x3946bc29197BF793CB796243109b39b019c3fC00
By admin • Blockchain Technology 285 • Tags: Artificial Intelligence, Blockchain, cryptocurrency, education, information, Migranet Platform, payment, technology, token, Wallet Trust