#Binance A joint research conducted by Consensys and YouGov estimated that 92% of the participants are aware of cryptocurrencies. 37% see the asset class as the future money, whereas 26% are on the opposite corner, viewing it as a scam.

Residents of the United States and the United Kingdom are more likely to associate digital currencies with fraudulent schemes.

The Sentiment Toward Crypto and NFTs

The survey, which spread across the Americas, Asia, Europe, and Africa and questioned over 15,000 individuals, showed that most respondents are aware of cryptocurrencies, with many seeing a bright future for the industry.

Nearly 40% of the participants believe the asset class could emerge as the future of money, while 31% see it as the future of digital ownership. Every fourth gives the sector the evil eye, comparing it to a scam.

Nigerians (65%) and Argentines (56%) are most motivated to hold digital assets as a means to store value. This could be explained by the instability of their financial system and local currencies.

Nigerians are also the most inclined to associate #crypto with the future of money. South Africans and Mexicans are, respectively, second and third. On the other hand, only 15% of Brits and 17% of Germans agree with that thesis.

The survey touched upon the environmental impact which the #technology has on the planet. 57% of Brazilians believe it is not harmful, whereas just 25% of the French respondents think the same.

Subsequently, the analysis revealed that Nigeria, South Africa, and Vietnam are the countries most familiar with non-fungible tokens (NFTs). 76% of the Brits who are aware of digital collectibles have never owned any, compared to 24% of Vietnamese.

“Results reveal that people worldwide are motivated to build and believe they are making valuable contributions online. This evolution indicates a shift in user behavior toward active participation, empowerment, and broader community ownership, characterized by Web3,” Consensys and YouGov concluded.

A Closer Look at Nigeria and Argentina

The economic turbulence, most specifically the depreciation of their official currencies, could be a leading pro-crypto factor for Nigerians and Argentines.

As CryptoPotato reported last summer, some residents of the African country started looking for alternative investments such as bitcoin and stablecoins amid a severe crash of the naira.

For their part, Argentines have opened their arms toward the asset class due to the nation’s political chaos and financial disturbance. The price of USDT measured in Argentine peso soared on multiple exchanges in 2022 when Martin Guzman resigned as a Minister of #Economy .

#crypto2023

Supply chain management is a complex process that involves the coordination of various stakeholders such as manufacturers, suppliers, logistics providers, retailers, and customers. In traditional supply chain management systems, there are several challenges such as lack of transparency, traceability, and accountability, which can result in inefficiencies and increased costs. However, blockchain technology has emerged as a potential solution to address these challenges and revolutionize supply chain management.

Blockchain technology is a distributed #ledger technology that enables secure, transparent, and immutable transactions between parties without the need for intermediaries. The technology has several unique features such as decentralization, immutability, and consensus, which make it well suited for supply chain management.

One of the main benefits of blockchain technology in supply chain management is increased transparency. Blockchain technology provides a transparent and immutable record of all transactions, which can help improve visibility into the entire supply chain. This can be particularly useful in industries where there are multiple intermediaries involved in the supply chain, such as food and pharmaceuticals. By using blockchain technology, stakeholders can track the movement of goods from the point of origin to the final destination, which can help reduce the risk of fraud, theft, and counterfeiting.

Another benefit of blockchain technology is increased efficiency. Blockchain technology can automate several supply chain processes, such as tracking inventory levels and managing payments, which can help reduce the time and cost associated with these processes. By automating these processes, blockchain technology can also help reduce the risk of errors and discrepancies, which can result in increased efficiency and cost savings.

Furthermore, blockchain #technology can also help improve trust and accountability in supply chain management. Blockchain technology provides a tamper-proof and immutable record of all transactions, which can help improve accountability among stakeholders. This can be particularly useful in industries where there is a high risk of fraud, such as the diamond industry. By using blockchain technology, stakeholders can ensure that diamonds are ethically sourced and traded, which can help improve trust among consumers and reduce the risk of fraud.

In conclusion, #blockchain technology has the potential to revolutionize supply chain management by providing increased transparency, efficiency, and trust. By using blockchain technology, stakeholders can improve visibility into the entire supply chain, reduce the risk of fraud and errors, and improve accountability. As such, blockchain technology is likely to become an increasingly important tool for supply chain management in the years to come.

#eth2.0 #Binance

Guide to Web3

What is blockchain and how does it work? Blockchain is a decentralized ledger that securely records transactions. It uses a chain of blocks to store data in a transparent and tamper-resistant manner. This technology has the potential to transform industries by enabling secure and efficient peer-to-peer transactions without intermediaries.

The decentralized nature of blockchain and its advantages Blockchain is a decentralized technology that offers security and transparency. With no central authority, transactions are validated by a network of computers. This eliminates intermediaries, reduces risks of manipulation, and ensures trust. It enables secure and efficient peer-to-peer transactions, revolutionizing industries worldwide.

Blockchain is a game-changing technology that revolutionizes industries by offering security, transparency, and efficiency. With its decentralized nature and elimination of intermediaries, it enables secure peer-to-peer transactions and transforms the way we conduct business. - Crypto Scope

Core Components

Exploring the core components: blocks, nodes, and consensus algorithms

Blocks are the fundamental units that store data in a blockchain. They contain a set of transactions and are linked together chronologically, forming a chain of blocks.

Nodes are individual computers or devices that participate in the blockchain network. They maintain a copy of the entire blockchain and contribute to the validation and verification of transactions.

Consensus Algorithms: Consensus algorithms are the rules and protocols that enable nodes to agree on the validity of transactions and reach a consensus on the state of the blockchain. Examples include Proof of Work (PoW), Proof of Stake (PoS), and Delegated Proof of Stake (DPoS).

By understanding these core components, we gain insights into how blockchain technology ensures data integrity, decentralization, and consensus among participants.

#Blockchains #decentralized #technology #consensus_Algorithm #educational

CryptoScope by Morfolabs

Unlocking the Future of Ticketing: Harnessing the Power of Blockchain Technology

In the digital age, ticketing systems play a vital role in managing event admissions. However, many countries face challenges in ensuring fairness, managing high demand, and preventing ticket scalping. This article delves into the issues surrounding traditional ticketing systems, compares the Japanese raffle ticketing system, and explores how blockchain technology can offer innovative solutions to address these concerns.

The Current State of Ticketing Systems

In many countries, the existing ticketing systems rely on queue mechanisms, often overwhelmed by high demand during ticket sales. Frustrated users face long wait times and uncertainty, leading to a perception of unfairness. Additionally, the prevalence of ticket scalping and counterfeit tickets further undermines the integrity of the process.

The Japanese Raffle Ticketing System

Japan has successfully implemented a raffle system to tackle high-demand events. This approach ensures fairness by random selection rather than first-come-first-served queues. Participants register within a specific period, and a random drawing determines those eligible to purchase tickets. Although the raffle system provides a fairer chance for attendees, it may still encounter challenges in managing extremely high demand.

Enter Blockchain Technology

Blockchain technology, renowned for its transparency and security, offers a promising alternative for ticketing systems. Here’s how blockchain can revolutionize the ticketing landscape:

1. Transparency and Fairness

By recording the raffle selection process on a blockchain, the transparency and immutability of the technology ensure a fair and verifiable selection method. Users can trust that the system is free from manipulation, enhancing their confidence in the ticketing process.

2. Anti-Scalping Measures

Blockchain-based ticketing systems can thwart scalpers by issuing digital tickets as unique, non-fungible tokens (NFTs). Smart contracts embedded in the blockchain can enforce resale restrictions, ensuring tickets can only be transferred at face value or with controlled markup. This eradicates the scalping menace prevalent in traditional systems.

3. Eliminating Counterfeit Tickets

Counterfeit tickets pose a significant problem in the ticketing industry. By leveraging blockchain’s tamper-proof nature, digital tickets can be securely stored as NFTs, making it challenging for counterfeiters to create fake tickets. Users can easily verify ticket authenticity by examining ownership history on the blockchain.

4. Improved User Experience

Blockchain technology streamlines the ticket purchase process. Smart contracts enable instant and secure ticket transfers to buyers’ digital wallets upon purchase. This eliminates the need for physical ticket delivery or queueing, enhancing convenience and efficiency for users.

5. Data Security and Privacy

Blockchain provides a decentralized and encrypted storage solution for user data. Personal information collected during ticket registration can be stored securely on the blockchain, minimizing the risk of data breaches and unauthorized access.

Crypto Scope - Blockchain technology holds the key to transforming the ticketing landscape, offering a decentralized, transparent, and secure solution. By leveraging blockchain's immutable nature, smart contracts, and digital identities, we can revolutionize ticketing, ensuring fairness, eliminating fraud, and streamlining the entire process. It's time to embrace blockchain and unlock a new era of ticketing innovation.

Conclusion:

Ticketing systems in many countries face numerous challenges, including fairness, high demand, scalping, and counterfeit tickets. The Japanese raffle ticketing system offers a more equitable alternative, but it may still encounter limitations in managing overwhelming demand. Blockchain technology emerges as a game-changer, offering transparency, anti-scalping measures, counterfeit prevention, improved user experience, and enhanced data security. Implementing blockchain-based ticketing systems can revolutionize the industry and ensure a fair and seamless experience for event-goers.

As the world moves towards embracing decentralized technologies, blockchain holds immense promise in transforming the ticketing landscape, leaving behind the frustrations and inefficiencies of traditional systems.

#blockchains #technology #cryptoscope

CryptoScope by Morfolabs

REXBOX
A groundbreaking technology known as zero-knowledge proof (ZK-proof) is poised to enhance access and validation of historical data on the Ethereum blockchain. The network has encountered challenges related to deep chain validation, which have been a hindrance to its usability.

REXBOX StarkWare, Herodotus launch tech to verify data

Herodotus, a technology company, has introduced an on-chain accumulator that utilizes storage-proof cryptography, enabling users to independently verify data from any point within Ethereum's blockchain without relying on a third party. This innovative solution leverages StarkWare's STARK proofs, a ZK-proof technology co-invented by mathematician Eli Ben-Sasson.

StarkWare provided Herodotus with a customized version of its shared prover service, SHARP, which offers advanced scaling efficiency through recursive proofs. This unique approach allows a virtual machine to generate "proofs of proofs" by concurrently producing proofs for transactions or blocks in real-time and then consolidating them into subsequent proofs.

At a more technical level, the accumulator functions as a cache that stores block headers. If the accumulator already contains a specific header in its cache, the corresponding storage-proof computation can utilize it for validation. However, if the header is not cached, the prover must generate a proof covering the requested block range, add the block header to the accumulator, and complete the storage proof computation.

As the name suggests, the on-chain accumulator effectively accumulates proofs, simplifying the process of verifying the Ethereum blockchain and its associated data at any point in the network's history. Marcello Bardus, the Chief Technology Officer of Herodotus, emphasizes that this technology eliminates the need to traverse the entire blockchain on the blockchain itself, making the process more efficient.

StarkWare points out that storage proofs have the potential to revolutionize cross-chain bridges by providing an alternative to third-party oracles for tracking and verifying data. Kacper Koziol, co-founder of Herodotus, views the accumulator as a much-needed innovation for Ethereum, aligning with blockchain principles of transparency and accessibility. It will empower users to access any historical data point on Ethereum, marking a significant advancement.

"This will be very powerful. For the first time in the history of blockchains, people are going to be able to prove the correctness of any aspect of anyone’s on-chain information," Koziol commented.

Both teams envision storage proofs opening the door to "Web2 equivalent applications," enabling autonomous access and verification of Ethereum blockchain data. Possible use cases include account recovery, where on-chain data verification could trigger actions such as a "dead man's switch" or automate insurance protocols based on historical on-chain events for smart contract payouts.

In summary, this ZK-proof technology represents a major step forward in enhancing Ethereum's transparency and accessibility, allowing users to validate data from its entire history independently. It has the potential to drive innovation in various applications within the blockchain ecosystem.

#StarkWare, #Herodotus, #launch, #technology , verify, data, point, #Ethereum's history.

The Open Campus Protocol is a decentralized solution aimed at addressing the pressing challenges facing educators, content creators, parents, students, and co-publishers in the education sector. Despite their critical role in shaping future generations, educators are often underpaid and undervalued. Meanwhile, parents lack control over their children’s educational content.

The Open Campus Protocol is a community-driven initiative that harnesses the power of #blockchain ✅ #technology to create a fairer and more equitable education system. By decentralizing the creation and distribution of educational content, the Protocol empowers students to access a broader range of educational materials while providing educators with more opportunities to earn revenue and gain recognition for their contributions.

The ultimate goal of the Open Campus #Protocol is to revolutionize the Education industry, worth US$5 trillion, by returning control to educators and learners.

To enable this, the Open Campus Protocol uses the $EDU token, a fungible token that powers the protocol. The $EDU #token facilitates novel forms of collaboration, incentivizes high-quality content creation, and promotes the long-term growth of the protocol. Designed with educators and learners in mind, the Open Campus Protocol aims to foster a thriving and inclusive ecosystem through the #EDU token.

RBI Introduces Pilot Project for a Unified Digital Credit Platform

The Reserve Bank of India (RBI) has introduced an ambitious plan to make the country's credit system smoother. On August 10, 2023, as part of its Statement on Developmental and Regulatory Policies, the RBI announced the first trial of a Public Tech Platform for Effortless Credit. This innovative platform is being led by the Reserve Bank Innovation Hub (RBIH), a special subsidiary of the RBI. This is like a test version to see how well it works.

India's rapid shift towards #digital #technology has created a strong digital foundation. This has enabled banks, NBFCs (Non-Banking Financial Companies), FinTech firms, and startups to come up with advanced solutions in payments, credit, and other financial areas.

Source - https://www.coingabbar.com/en/crypto-currency-news/rbi-launches-public-tech-platform-for-smoother-credit-system

✔️Blockchain is a decentralized and distributed digital ledger technology that records transactions and data in a secure and transparent manner. It was originally developed as the underlying technology for cryptocurrencies like Bitcoin, but its potential applications have expanded far beyond that to various industries such as finance, supply chain management, healthcare, and more.

✔️At its core, a blockchain is a chain of blocks, where each block contains a list of transactions or data. These blocks are linked together in chronological order, forming a chain. Here's a simplified explanation of how blockchain works:

Decentralization: Unlike traditional centralized systems, where a single entity has control over the data, a blockchain operates in a decentralized manner. It's maintained by a network of participants (nodes) spread across the globe. Each node has a copy of the entire blockchain, ensuring redundancy and security.

Transactions: Transactions are grouped into blocks. A transaction can represent various types of data, not just financial transactions. These transactions are proposed by participants and need to be verified before being added to the blockchain.

Verification and Consensus: Before a block is added to the blockchain, the transactions within it are verified by the network through a process called consensus. The most common consensus mechanism is Proof of Work (PoW), used by Bitcoin. In PoW, nodes compete to solve complex mathematical puzzles, and the first one to solve it gets to add the block to the chain. This process ensures that the transactions are legitimate and prevents tampering.

Cryptography: Each block contains a reference (hash) to the previous block, which creates a chain of blocks. Additionally, the transactions within a block are secured using cryptographic hashes. If any information within a block is altered, it changes the hash, making it evident that the data has been tampered with.

Immutability: Once a block is added to the blockchain, it's extremely difficult to alter the data within it. Changing the information in a block would require changing the data in all subsequent blocks as well, which would require a majority of the network's computing power – a near-impossible task in a well-established blockchain.

Transparency: All participants in the blockchain network have access to the same ledger, providing transparency and accountability. Transactions are publicly viewable, yet the identities of the parties involved can be protected through encryption.

Smart Contracts: Some blockchains, like Ethereum, support smart contracts. These are self-executing contracts with the terms directly written into code. Smart contracts automatically execute and enforce the agreed-upon terms when certain conditions are met. They enable automated and trustless interactions between parties.

Network Maintenance: Nodes in the network continuously maintain and update the blockchain. New blocks are added as new transactions occur, and old blocks are rarely modified. Nodes communicate with each other to ensure that all copies of the blockchain are kept up-to-date.

✅In summary, blockchain is a revolutionary technology that provides secure, transparent, and tamper-resistant record-keeping. It's achieved through decentralization, cryptographic hashing, consensus mechanisms, and the structure of linked blocks.

#blockchain #crypto #cryptonews #technology

Forget those pesky lambos you've been drooling over. The future of crypto wealth is all about seeing it, and by "seeing it," I mean with AI glasses, my friends. Let's face it, staring at charts on your phone is so 2024. We need something sleeker, something sexier, something that screams "I just cashed out a seven-figure NFT deal." Enter AI glasses, the next big crypto flex.

Tired of Looking Like a Bug-Eyed Cyborg with Mismatched Specs?
We've all seen them: those crypto bros sporting two different lenses – one for their actual eye, the other for their permanently bloodshot "researching the market all night" eye. But what if I told you the future is self-regulating? Imagine AI glasses that ditch the mismatched mess and automatically adjust to perfectly compliment your peepers! No more looking like a malfunctioning Roomba with a rogue dust bunny stuck to its chassis. These AI bad boys will read your tired, sleep-deprived eyes after a night of charting and adjust the lenses accordingly. Bullish on Bitcoin? The glasses might brighten things up for you. Feeling a little bearish? They'll add a subtle sepia tone to match your mood.

Real-Time Market Updates Delivered Straight to Your Eyeballs

Who needs a phone screen when you have virtual reality projected directly onto your retinas? Imagine scrolling through real-time charts, analyzing candlestick patterns, and placing trades with just a blink. No more fumbling with your phone or missing that dip while you're elbow-deep in ramen. These AI glasses will be your ultimate trading companion, whispering sweet nothings (or harsh warnings) about the market directly into your brain.

But Wait, There's More! (Because in Crypto, There Always Is)

These AI glasses won't just be your market oracle; they'll be your social status symbol. Imagine walking into a crypto conference and having your glasses automatically recognize and display the net worth of everyone in the room. No more awkward guessing games about who's a real HODLER and who just discovered Bitcoin yesterday.

So Ditch the Lambo Dreams and Invest in Your Vision
The future of crypto is all about seeing the bigger picture, and with AI glasses, that picture will be glorious. So, ditch your outdated phone screens and those embarrassing mismatched specs. Invest in AI glasses, the ultimate crypto flex that screams, "I'm here to win, and I look damn good doing it." Remember, in crypto, looking good is good for business (and your ego). Now get out there and trade your way to some moon vision!
#Write2Earn‏ #technology

As blockchain technology continues to evolve, new innovations are emerging to address the scalability and privacy challenges faced by existing platforms. One such development is Polygon ZK-EVM, a groundbreaking solution that combines the power of Ethereum's virtual machine with zero-knowledge proof technology. This article delves into the world of Polygon ZK-EVM, exploring its features, benefits, and implications for the future of decentralized applications.

Understanding Polygon ZK-EVM:

Polygon ZK-EVM is an extension of the Polygon (formerly Matic) ecosystem, which aims to provide a scalable and interoperable framework for building decentralized applications (dApps) on the Ethereum network. It leverages zero-knowledge proofs, a cryptographic technique that enables the verification of data without revealing any sensitive information, to enhance privacy and efficiency.

Zero-knowledge proofs allow users to prove the validity of certain statements without revealing the underlying data used in the computation. In the context of blockchain, this means that transactions and smart contracts can be validated without disclosing their specific details, thereby preserving privacy while maintaining the integrity of the network.

Benefits of Polygon ZK-EVM:

1. Enhanced Scalability: One of the primary advantages of Polygon ZK-EVM is its ability to significantly improve scalability. By utilizing zero-knowledge proofs, it achieves faster transaction processing times compared to traditional Ethereum, enabling developers to build high-performance dApps that can handle a larger volume of users and transactions.

2. Privacy and Security: With zero-knowledge proofs, Polygon ZK-EVM ensures the privacy and confidentiality of sensitive data, making it an attractive option for applications that require secure transactions and confidentiality. This feature is particularly beneficial for financial transactions, supply chain management, and decentralized finance (DeFi) applications.

3. Interoperability: Polygon ZK-EVM maintains compatibility with Ethereum, allowing developers to seamlessly port their existing Ethereum-based dApps to Polygon's Layer 2 solution. This interoperability enables the migration of projects to Polygon ZK-EVM, taking advantage of its scalability and privacy features without the need for significant modifications to the existing codebase.

4. Cost Efficiency: Polygon ZK-EVM offers a cost-efficient solution by reducing transaction fees and gas costs associated with executing smart contracts. This affordability makes it more accessible for developers and end-users, fostering a thriving ecosystem of decentralized applications on the platform.

Implications and Future Outlook:

Polygon ZK-EVM has the potential to revolutionize the Ethereum ecosystem by addressing its scalability and privacy limitations. By combining the robustness of Ethereum's virtual machine with the privacy-preserving properties of zero-knowledge proofs, Polygon ZK-EVM opens doors to a wide range of use cases and industries.

With improved scalability, enhanced privacy, and interoperability, Polygon ZK-EVM can spur the adoption of decentralized applications across various sectors, including finance, supply chain management, gaming, and more. It offers developers an opportunity to build sophisticated dApps that can handle a large user base, process transactions swiftly, and maintain data privacy.

As the technology continues to evolve, it will be intriguing to witness the growth of the Polygon ZK-EVM ecosystem. Further advancements and optimizations may occur, resulting in even greater efficiency, increased transaction throughput, and expanded use case.

Polygon ZK-EVM represents a significant milestone in the evolution of blockchain technology. By merging Ethereum's virtual machine with zero-knowledge proofs, it addresses key challenges faced by traditional platforms, such as scalability and privacy. With its enhanced scalability, privacy features, interoperability, and cost efficiency, Polygon ZK-EVM has the potential to reshape the landscape of decentralized applications and pave the way for a more scalable and secure blockchain future.#crypto2023 #technology $MATIC