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Blockchain is not just about Cryptocurrencies, and Bitcoin
The global blockchain market size is expected to grow from USD 3.0 billion in 2020 to USD 39.7 billion by 2025, at an impressive Compound Annual Growth Rate (CAGR) of 67.3% during 2020–2025.
Think of DeFi applications as an open financial ecosystem where you can build various tools and services in a decentralized manner. They can be combined, modified, and integrated according to your needs. This makes your system more transparent, stable and raises your company’s accountability.
Tokenization is the process of turning sensitive data or objects into digital assets. Factories benefit from this conversion by turning machines into digital tokens. All the data since the purchase that is stored in the blockchain can be easily traced and reviewed.
The ability to perform trusted transactions on assets stored in blockchain reduces the costs of legal verifications of the goods. Governments use blockchain to collaborate with 3rd parties and transfer information to a distributed, digital process that can be verified at every step.
Blockchain adoption in B2B is booming because high-value transactions performed between businesses on complex assets are the best fit for transparent, permissionless, distributed technology. The fact that blockchain is an unbiased third-party that allows businesses to work based on clear smart contracts enables them to resolve complex business scenarios like interconnecting scenarios for Telecoms.
A JVM language such as Scala allows blockchains to easily run on pretty much any general-purpose computing device you can think of, including phones and micro-computers.
Bitcoin Core source code contains more than 100K lines of code. All parts of the design(network/transactional/consensus protocols) are mixed together in a hard way. Conversely, Scorex core is less than 4K lines of Scala code. Abstract core concepts allow the implementation of a broad range of systems, including ones with multiple types of blocks and non-linear history.
The main aspect of Scala that makes it so scalable is that it is a combination of both object-oriented and functional programming. It has good support for all programming constructs such as high-order functions, tail-call optimization, immutable values, pattern matching, polymorphism, abstraction, inheritance, etc. Scala also includes its own interpreter which can be used to execute instructions directly, without previous compiling. Another key feature is the parallel collections library designed to help developers address parallel programming patterns.
Using proprietary technologies FlowBlock develops solutions for monitoring, analyzing and tracking cryptocurrency flows across multiple blockchains, providing actionable insight on the cryptocurrency ecosystem.
Using proprietary technologies FlowBlock develops solutions for monitoring, analyzing and tracking cryptocurrency flows across multiple blockchains, providing actionable insight on the cryptocurrency ecosystem.
Mantis, the new Ethereum Classic client developed by the Grothendieck Team (Scalac is a part of it working for IOHK), has been integrated with the Daedalus wallet.
This integration puts the Daedalus management software into the hands of Ethereum Classic users, giving them a safe way to create, manage, and backup their wallets.
Querying blockchain is a very difficult task due to the nature of blockchain itself. Working together with Cryptonomic, we’ve built a fully functional indexer for the Tezos blockchain.
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