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What We Need To Scale Blockchain Technology Into the Future Scalability is a major roadblock on the path toward bringing blockchains to mainstream audiences. The ultimate goal of providing low-cost access to blockchain-based applications while guaranteeingsecurity and decentralization is based on the blockchain trilemma. To get more news about https://www.wikibit.com/en/education/new/1.html blockchain knowledge<, you can visit wikifx.com official website. The blockchain trilemma is premised on the idea that we can only achieve two of the following three aims: decentralization, security, and/or scalability. This has led to countless blockchains sacrificing decentralization or security to achieve scalability, an undesirable tradeoff to say the least. Despite this challenge, the blockchain industry has seen remarkable growth in its first decade, with a $1 trillion valuation and over 420 million users. The next few years could bring even greater milestones, with the number of crypto users on track to breach the one billion mark within six years. The industry’s future undoubtedly lies in building high-performance scalable blockchains, and the need for such solutions has never been as pressing as now. This piece dives deeper into crypto’s scaling problem and how it affects users and developers. Crypto’s scaling problem The cryptocurrency ecosystem faces severe limitations and bottlenecks impeding adoption. The most largely-used blockchains routinely suffer from high transaction fees, congestion, and downtimes during peak periods. And of course, these limitations remain even for projects that sacrifice a degree of decentralization to prioritize speed and low network fees. Crypto’s scaling problem is further evident in the fragmentation of developers and users on different blockchains. DefiLlama shows there are 170 chains with thousands of additional decentralized applications (dApps) for multiple use cases. The current multi-chain approach results in fragmented liquidity and increased security risks as users bridge assets across chains. It poses an even greater challenge for developers who must jump through hoops to build dApps on different chains. Developers must adopt a common standard for blockchain technology to truly go mainstream. The current approach to development is widely fragmented with vastly different approaches being adopted. Most unfortunately, this fragmented approach trickles down to the end user and results in widely different onboarding and adoption processes. Building a scalable Web3 with Ethereum as a backbone Ethereum’s position as the leading public blockchain in terms of development makes it the ideal foundation for building scalable networks. This article will map out a future where Ethereum is the backbone of Web3 and will provide the necessary tooling for developers to onboard the first billion users to the blockchain industry. It is easy to envision such a future given the wide adoption of Solidity, Ethereum’s native programming language. Solidity is the preferred language for blockchain developers because it is easy to learn and unlocks access to the largest community of Web3 users. Solidity complements the Ethereum Virtual Machine (EVM) and provides excellent tooling for building truly decentralized applications with reduced development time and increased interoperability. The number of Ethereum developers has risen by over 400% in the past year to 5,000, which is more than two times higher than competing smart contract blockchains. Ethereum also boasts the industry’s largest DeFi ecosystem, with a significant portion of non-ETH-based TVL still attributed to EVM-compatible networks.

What We Need To Scale Blockchain Technology Into the Future Scalability is a major roadblock on the path toward bringing blockchains to mainstream audiences. The ultimate goal of providing low-cost access to blockchain-based applications while guaranteeingsecurity and decentralization is based on the blockchain trilemma. To get more news about https://www.wikibit.com/en/education/new/1.html blockchain knowledge, you can visit wikifx.com official website. The blockchain trilemma is premised on the idea that we can only achieve two of the following three aims: decentralization, security, and/or scalability. This has led to countless blockchains sacrificing decentralization or security to achieve scalability, an undesirable tradeoff to say the least. Despite this challenge, the blockchain industry has seen remarkable growth in its first decade, with a $1 trillion valuation and over 420 million users. The next few years could bring even greater milestones, with the number of crypto users on track to breach the one billion mark within six years. The industry’s future undoubtedly lies in building high-performance scalable blockchains, and the need for such solutions has never been as pressing as now. This piece dives deeper into crypto’s scaling problem and how it affects users and developers. Crypto’s scaling problem The cryptocurrency ecosystem faces severe limitations and bottlenecks impeding adoption. The most largely-used blockchains routinely suffer from high transaction fees, congestion, and downtimes during peak periods. And of course, these limitations remain even for projects that sacrifice a degree of decentralization to prioritize speed and low network fees. Crypto’s scaling problem is further evident in the fragmentation of developers and users on different blockchains. DefiLlama shows there are 170 chains with thousands of additional decentralized applications (dApps) for multiple use cases. The current multi-chain approach results in fragmented liquidity and increased security risks as users bridge assets across chains. It poses an even greater challenge for developers who must jump through hoops to build dApps on different chains. Developers must adopt a common standard for blockchain technology to truly go mainstream. The current approach to development is widely fragmented with vastly different approaches being adopted. Most unfortunately, this fragmented approach trickles down to the end user and results in widely different onboarding and adoption processes. Building a scalable Web3 with Ethereum as a backbone Ethereum’s position as the leading public blockchain in terms of development makes it the ideal foundation for building scalable networks. This article will map out a future where Ethereum is the backbone of Web3 and will provide the necessary tooling for developers to onboard the first billion users to the blockchain industry. It is easy to envision such a future given the wide adoption of Solidity, Ethereum’s native programming language. Solidity is the preferred language for blockchain developers because it is easy to learn and unlocks access to the largest community of Web3 users. Solidity complements the Ethereum Virtual Machine (EVM) and provides excellent tooling for building truly decentralized applications with reduced development time and increased interoperability. The number of Ethereum developers has risen by over 400% in the past year to 5,000, which is more than two times higher than competing smart contract blockchains. Ethereum also boasts the industry’s largest DeFi ecosystem, with a significant portion of non-ETH-based TVL still attributed to EVM-compatible networks.

Top Crypto Events in 2023 The crypto space may have been through a bit of a slowdown of late, along with the rest of the financial markets, but the enthusiasm surrounding it is certainly not waning. In fact, it continues to be on an uptrend, reflecting the ever-growing number of events targeted at the burgeoning sector.To get more news about https://www.wikibit.com/en/calendar/index.html crypto events, you can visit wikifx.com official website. But let’s face it — whether you are a crypto enthusiast, a savvy investor, a blockchain geek, or someone just new to the asset class, it is becoming increasingly tougher to keep up with all the events, conferences, and summits. With that in mind, we have compiled a list of some of the most popular events you might want to mark in your crypto events calendar for 2023.Discover the future of finance and technology at Blockchain Economy Istanbul Summit! Join the largest blockchain event in Turkey and the region, where experts and enthusiasts gather to explore the latest trends, innovations, and opportunities in the blockchain industry. Learn from top-tier speakers, network with industry leaders, and showcase your own projects and solutions. With over 5,000 attendees from 20+ countries, 150+ exhibitors, and 200+ media partners, Blockchain Economy Istanbul Summit is the perfect platform to connect, learn, and grow in the world of blockchain. Zebu Live invites 200+ speakers and over 3000 crypto, NFT, and DeFi professionals to London for an unmissable two-day immersive experience. The event’s primary focus? To bring the changemakers of web3 together with TradFi, legacy, and web2 organizations, furthering mainstream blockchain adoption. Attendees enjoy unbeatable networking sessions, an NFT gallery, workshops, start-up pitch competitions, and of course, luxe London after-parties. The main stage will be live-streamed to 10,000+ people worldwide through YouTube. Events speakers include: NFT Show Europe is a strong contender for the title of the “biggest crypto art and blockchain event in Europe.” And that despite the fact it is the inaugural edition of the event that took place just a few months back. However, it was a smashing hit among participants and attendees, which has set the bar even higher for the organizers as the event prepares to make a comeback next summer. The event serves as a platform for artists, businesses, digital art collectors, and the broader crypto community to share their views on NFTs, metaverse, blockchain, and basically all thing crypto. Art exhibits were one of the prime attractions in the inaugural edition as they showcased many different art forms, such as AR and digital collectibles. There were also huge collections of interactive and glitch art in addition to the talks, debates, meetups, and side events. The European chapter of the Blockchain Expo will take place next year in September as an in-person and virtual event. Just like in the past editions, the expo this year will bring together key industries from all over the world across six co-located events. These are IoT, AI and big data, cybersecurity and cloud, edge computing, and digital transformation. Judging by past track records, the organizers are expecting a turnout of over 7,000 attendees. And as always, there will be plenty of solution-based case studies, live demos, and networking opportunities, along with other top-level content.

Will Wallet as a Service (WaaS) Go Mainstream This Crypto Winter? Have you heard the news about the new business solution launched by Coinbase? “Wallet as a Service” (WaaS) is a service for enterprises that are willing to provide Web3 wallets to their customers. This service gives companies the technological infrastructure to develop and launch custom on-chain wallets. Particularly, WaaS provides a wallet API that enables businesses to create Web3 wallets for uncomplex operations like customer onboarding, in-game asset purchasing, or conducting loyalty programs. According to the exchange, the Web3 wallet had a barrier that restricted its wider mainstream adoption. The main factors that affected the adoption were poor UX, the complexity of the wallet, and the issues linked with maintaining mnemonic seeds (similar to private keys). This blog will help you cover some crucial information you need to know about WaaS. Let us dive in! WPC: The Vital Part In WaaS Most companies today force users via complex onboarding processes, usually recommending customers download third-party wallet services. So, there will be a huge drop-off during the onboarding stage, which leads to less product delivery. In such circumstances, the WaaS toolkit integrates Multi-Party Computation (MPC), a cryptographic method. MPC enables multiple parties to tally a function together without even disclosing their inputs to each other. MPC is said to improve the security of private keys in Web3 platforms. An MPC wallet will allow users to keep their digital assets safe because their keys are already broken into multiple pieces and dispersed among the participants who are involved in the protocol. This eliminates the risk of losing the private key, which was absent in traditional methods. Also, this toolkit offers powerful and user-friendly asset backup functionality to reduce risks and losses. The WaaS infrastructure is already in use in the companies, namely, Moonray, thirdweb, and Floor. What Is The Difference Between WaaS and BaaS? Blockchain as a Service (BaaS) has lived in the space for a long. This terminology is quite similar to WaaS but has some indifferences too. Both WaaS and BaaS manage the same issues, like the inability to integrate blockchain into existing systems. Although, WaaS gives additional priority to incorporating public blockchains into an existing strategy. On the other side, BaaS is pulling large businesses onto the blockchain. Also, more B2C companies will prefer BaaS over B2B companies. WaaS gives high-level independence to customers and employs blockchain with full competence to design a smooth integration. At the same time, BaaS offers highly potential features like close consulting services, cloud-based inventory management, etc. What Will Happen Amid Crypto Winter? The overall Web3 infrastructure seems to go mainstream amid the crypto winter season. During this time, many startups, investors, and organizations have started to explore how decentralized internet will be beneficial in the future. Moreover, many industries are taking WaaS seriously due to their advancing principles related to decentralization, MPC, and decentralized privacy. All these reasons drive multiple companies to buckle up for the Web3 Journey. However, before stepping in further, you should be aware of your business needs and how WaaS will impact your business. So, if you are willing to build your own crypto wallet, give WaaS a shot! Are you interested in finding a good business opportunity in the blockchain space? You can do it with a Blockchain wallet development company. >> https://www.blockchainfirm.io/blockchain-wallet-development-company

16 Major Crypto Events in April 2023 The first cryptocurrency continues to grow amid alarming news about the possible collapse of the U.S. banking system. How to secure your assets, what to expect from regulators in 2023, and when the crypto winter will end — you can discuss these and other industry-related topics at one of the events devoted to crypto, blockchain, and the Web 3.0 sphere. CoinsPaid Media has prepared a list of April’s most interesting, significant, and large-scale cryptocurrency events.To get more news about https://www.wikibit.com/en/calendar/index.html crypto events, you can visit wikifx.com official website. CODEstantine is the largest conference for experienced developers, held annually in the south of Serbia. Leading industry experts will share their experience and knowledge and talk about the latest technological trends. In particular, they’ll discuss cybersecurity, programming languages, and other issues relevant to the blockchain industry. This annual event brings the global NFT community together under one roof to exchange ideas and initiatives and discuss blockchain technologies that could change the world soon. Industry leaders, developers, gamers, investors, and collectors will participate in workshops and panel discussions and discover many unique NFT projects. AIM Summit has been the leading alternative investment management summit since 2015. This AIM Summit features in-depth panel discussions, expert sessions, presentations, and informal chats about the opportunities and developments in the world of alternative investments, including private equity, venture capital, private debt, hedge funds, real estate, digital assets, FinTech, and blockchain. At Web3 Con Canarias, entrepreneurs, investors, developers, and opinion leaders will discuss trends, technologies, and business models to support the growth of the Web 3.0 ecosystem. The event will include workshops and a pitch competition for Web3 startups and conclude with a large party. IFGS 2023 will bring the entire FinTech community under one roof for a two-day discussion on the services and solutions that will ensure economic growth and sustainability for the global economy. Since 2017, Instant Payments Summit has toured all over Europe, and it returns to Frankfurt this spring. More than 25 invited speakers will perform at the conference. They’ll talk about the current state of the payments market in the Nordic countries and share news about the European Payments Initiative (EPI) and PAN European Payments. Financial Wellness Pitch Day is an excellent opportunity for FinTech startups to express themselves, hear valuable advice from an expert jury, and discover new investment opportunities. The winner of the pitch day will receive a cash prize of $10,000 for further development of the projects. The RSA Conference is a global conference and a provider of unique year-round cybersecurity content. The event will feature over 500 traditional and interactive sessions, practical trainings run by CSA, FAIR Institute, (ISC)2, and InfraGard National Members Alliance, and invited experts to share their expertise in cybersecurity.