Unbalkanizing the Blockchain Ecosystem: Emergence of Semantic Blockchain
In a recent interview Bitcoin core developer Jeff Garzik proffered a vision of the Blockchain development phase now underway, in which he described “a mesh network of cross-chain smart contracts”. To those familiar with the ideas of the Semantic Web and the global ecosystem of Linked Data these concepts should sound startlingly familiar. Initial Tremors. The Semantic Web of Linked Data was supposed to transform the Web from a distributed file system into a distributed database system . But way back in 2006, Sir Tim Berners-Lee, the man credited with the WWW conception, said that the vision....
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One can learn Web3 development by joining a Web3 developer DAO, participating in a Web3 hackathon or enrolling in blockchain-related courses. The idea of Web3 has begun to take hold among business web developers in recent years. Modern business models emphasize the significance of moving beyond Web2 and discovering new ways to manage, organize and create meaning from the enormous volume of user-generated data, even though ideas about the current developments of the Web are still hazy and unclear.The Semantic Web is frequently linked to the concept of Web3 as business strategies and web....
When it comes to evaluating the strength of a blockchain (after you put aside technical discussions), what matters more, eventually, is the ecosystem that forms around a blockchain, the community that develops to support it. In the public blockchain segment, bitcoin is known to have the strongest, if not the most expansive blockchain ecosystem. Ethereum is easily second in line, with over 300 distributed applications and an increasing number of startup companies opting to use its infrastructure. If you continue this ranking using community and ecosystem as units of measure, Steem (via its....
Decentralization of the music industry through the use of Blockchain technologies is already underway. This is the beginning of a revolution with broad implications, one that will likely be as significant as the development of the internet itself. Bitcoin and value. But do you know the mechanics of what makes crypto-currencies such as Bitcoin valuable? Bitcoin is a digital asset unlike any other. Consider for a moment your favourite internet meme - infinitely replicable. At any one time there could exist innumerable copies of it across computers all around the world. Bitcoin is different.....
The emergence of cryptocurrency and its technology has created a robust and attractive force over the past few years. With the high possibility of blockchain technology, a lot of the world’s giant companies have shown their interest. This is due to the enormous advantages and applications that come through the innovative technology of blockchain. Also, […]
Blockchain technology remains the major drive in the decentralization of digital assets. This has led to the emergence of several blockchain networks, each having its unique and distinguishing features. Amongst these blockchains is Polkadot, usually referred to as the blockchain of blockchains due to its multichain nature. Recently, Gavin Wood, the founder of Polkadot, revealed […]